Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
New Jersey Mining (CNSX: NJMC; US-OTC: NJMC) has intersected gold mineralization at its Paymaster Shoot in Idaho's Coeur D'Alene district grading as high as 70.3 grams gold over 0.35 metres. The company drilled both holes to extend gold mineralization down dip from exploratory holes it drilled at Paymaster in 2012.Paymaster is the next mineralized zone south of the Skookum Shoot, part of the compa...Read More
NexGen Energy is embarking on the largest drill program in its history at the Rook I project in the Athabasca Basin. Approximately 125,000 metres is planned, the results from which will be used in a bankable feasibility study for the Arrow uranium deposit.There are three objectives:Convert high grade indicated resources to measured. The high grade indicated resource is currently 2.9 million tonnes...Read More
Shares of Pan American Silver (TSX, NASDAQ:PAAS), the miner that recently acquired precious metal miner Tahoe Resources, (TSX:THO) (NYSE:TAHO) creating one of the world's largest silver producers, fell in pre-market trading after it reported full year production was marginally below guidance.The Canadian miner said it had churned out 24.8 million ounces of silver last year, just shy of the 25-2...Read More
Monument and plaque marking the historic Irgon lithium mine in Manitoba. (Image: QMC -Quantum Minerals)Vancouver-based QMC Quantum Minerals is arranging for SGS Canada to conduct metallurgical tests on samples from its Irgon lithium project in the southeast part of the province. The property lies within the Cat Lake-Winnipeg River rare element pegmatite field.Testing will be designed to produce a...Read More
Full-year production at Barrick Gold's Loulo-Gounkoto mining complex in Mali, which the Canadian miner obtained as part of its merger with Randgold, fell shy of expected targets, mainly as a consequence of a week-long strike at the operation, the company said.The Mali-based operation, one of the pillars of the country's economy since Loulo went into production in 2005, produced 1.29 million gold o...Read More
Roxgold (TSX: ROXG; US-OTC: ROGFF) expects its Yaramoko mine in Burkina Faso will produce between 145,000 and 155,000 ounces this year at cash costs of $440-$470 per oz. and all-in sustaining costs of $765-795 per oz.The company expects to have a strong year with the addition of Yaramoko's second high-grade underground mine, Bagassi South, which is expected to reach commercial production in the se...Read More
Tasca Resources of Vancouver has received excellent assays from drilling at its Poplar copper property southwest of Houston. Hole 18-PC-126 averaged 0.37% copper, 0.015% molybdenum, 0.15 g/t gold and 2.31 g/t silver over 381.0 metres. In the 30.2 deepest metres, the core tested 0.55% copper, 0.27% moly, 0.10 g/t gold and 4.44 g/t silver.Hole 18-PC-127 tested 0.33% copper, 0.002% molybdenum. 0.11 g...Read More
A research report by Wood Mackenzie asserts that electrification and automation will be a key priority for global mining companies as they try to move away from fossil fuels.The document, Global Trends: What To Look For In 2019, states that to reach such a goal, major firms are employing data analytics that allow them to improve productivity and efficiency at a low cost."Building a world-class low...Read More
Last week we discussed the difference between a rally and bull market. Gold stocks have been in a rally. That rally is now over as gold stocks peaked at their 400-day moving averages days ago and sliced through their 200-day moving averages Friday.Take a look at the charts of any gold stock index (GDX, GDXJ, HUI) and it's clear they are in a downtrend. Go back two to three years. You'll see lo...Read More
While an improving global economic outlook coupled with a firmer U.S. dollar and higher interest rates points to poor prospects for gold during 2019, there are signs that Equinox Gold Corp. (TSXV:EQX) will rally over the year. The miner has lost 19% over the last year compared to gold, only shedding 4% and creating an opportunity for investors to gain levered exposure to the yellow metal by inves...Read More
While gold gained 14% over the last month intermediate gold miner Gran Colombia Gold Corp. (TSX:GCM) gained over 18% as the performance of its one-time troubled operations in Colombia improved. There has been growing conjecture that now is the time for investors to add Gran Colombia to their portfolios because of a positive outlook for gold combined with the significant enhancements being made to...Read More
Marijuana stocks have come a long way... but it hasn't been an easy ride.Just ask any marijuana investor who bought shares last year. They may have been tearing their hair out, as I was many times throughout the year.You can watch our horror unfold by the movements of the Horizons Marijuana Life Sciences ETF (HMMJ.TO) chart in the last year:This ETF charts the "equity securities of life sciences c...Read More
On Wednesday, Vice President Mike Pence stood before the Global Chiefs of Mission Conference at the State Department and told U.S. diplomats that ISIS had been destroyed."The caliphate has crumbled," he said, "and ISIS has been defeated."This was a strange thing to say, considering Pence was told hours beforehand that a terrorist attack by the Islamic State had killed four Americans.Officials said...Read More
Vancouver's Teck Resources has partnered with the World Food Program (WFP) to fund a new US$3-million pilot program aimed at improving health and economic opportunities for small scale farmers in China's Gansu Province.Teck started its Zinc and Health program in 2011.The program is aimed at reducing zinc deficiency and improve the quality of the local potato crop by providing zinc-enriched fertil...Read More
With a mix of earnings slowdowns, rising share prices, and negative outlooks, the "hold signal" list for stocks on the TSX index contains enough reasons to stay on the fence. However, at a casual glance, there may seem to be a lot of great stocks on that list that ought to be snapped up right away: take that low P/E or attractive dividend, that high growth or low debt, for instance.But all is not...Read More
Tense negotiations in the lead up to the United States-Mexico-Canada Agreement (USMCA) led to volatility for metals stocks. The United States slapped steel and aluminum tariffs on Canadian and Mexican imports on June 1, 2018. Both countries have lobbied for these tariffs to be removed after signing the USMCA, but they remain in effect.The squeeze on the market was initially very positive for steel...Read More
Jan 23, 2019 Guest(s): Jeffrey Christian Managing Partner, CPM Group China has just added to their central bank gold reserves for the first time in two years, and Jeffrey Christian, managing partner of CPM Group, said that China has been very transparent with with their purchases, potentially signaling higher prices for gold. "Anybody who questions what the PBoC is doing and saying they can't ge...Read More
What do fruit and vegetable drinks, gold, and utilities have in common? On the face of it, not very much; however, all three industries offer Canadian investors some passive income in largely defensive industries. Representing these industries are the following three TSX index luminaries; their stats are discussed here for the prospective buyer.Fortis (TSX:FTS)(NYSE:FTS)Fortis had a one-year past...Read More
Aerial view of the Cariboo gold project near Wells, B.C. (Image: Barkerville Gold Mines)Barkerville Gold Mines of Toronto continues to intercept very good grades at its Cow Mountain site, part of its Cariboo gold project. The results come from holes drilled last year to upgrade and expand resources.The company seems to have no problem drilling bonanza grades, such as 12.26 g/t gold over 7.6 meters...Read More
Toronto-based First Cobalt Corp. is creating programs to address permitting and environmental baseline studies at its Iron Creek cobalt project 40 km southwest of the town of Salmon. Brown and Caldwell has been engaged to provide permitting guidance and to oversee the collection of environmental data.The maiden inferred resource estimate for Iron Creek was 26.9 million tonnes grading 0.08% cobalt...Read More