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
Komatsu America Corp., a leading global heavy equipment manufacturer, today announced the FrontRunner Autonomous Haulage System (AHS) has qualified to operate on private long-term evolution (LTE) mobile broadband technology. This is the mining industry's first AHS enabled to run on private LTE in commercial operations, making way for ultra-high system availability and reliability, while adhering t...Read More
Nov 13, 2018-Komatsu Mining Corp. has been named one of America's Safest Companies by EHS Today, the magazine for environment, health and safety leaders. As one of 13 honorees nationwide, Komatsu was chosen for its dedication to the safety and health of its employees and customers."It's great to be recognized for all the hard work our employees put into working safely and driving towards zero harm...Read More
Construction of the Gold Bar mine near Eureka, Nevada is on time and on budget. Owner McEwen Mining of Toronto says the first gold pour will happen this month, and the $81.4 million budget has not increased. Commercial production is expected by the end of Q1 2019.McEwen has placed about 136,000 tonnes of ore on the leach pad, and anticipates producing 55,000 oz. of gold this year at an all-in cost...Read More
* April-Dec net profit grows 6 pct y/y to record 442 bln yen* Books impairment losses on Olam, Chilean iron ore mines* Keeps full-year profit forecast of record 640 bln yenJapan's biggest trading house Mitsubishi Corp on Tuesday posted a 6 percent rise in its April-December net profit thanks to higher income from energy operations, and stuck to its record profit forecast for the year despite one-o...Read More
Canada-listed junior miner Thor Explorations (TSX-V:THX) is getting ready to begin construction at its Segilola project in Nigeria, poised to become the country's first large-scale gold mine.Delivering the results of an independent definitive feasibility study (DFS) for the proposed gold operation, Thor said it planned to build an open pit mine as well as a new 625,000 tonnes per annum processing...Read More
Over the last four years, Pure Gold Mining (TSXV: PGM) has doubled the indicated resource for its Madsen gold project in Red Lake, Ontario-one of the highest grade undeveloped gold deposits in the world."We think the build would be fairly short so sometime in 2020 you could conceivably see the mill turning"The company released an updated resource estimate today that sees Madsen's indicated resourc...Read More
A report made public today by Rapaport reveals that polished-diamond prices softened in January, with 1-carat stones falling by 0.4% last month and 1.8% compared to January 2018, while 3-carat gems fell by 1.8% last month and 5.9% compared to last year.Smaller diamonds saw a less steep decline in prices as 0.5-carat rocks fell by 0.3% in January 2019 and 0.1% when compared to last year, and 0.3-ca...Read More
As the largest consumer of metals, China dominates the global supply and demand of metals, and Asia is at the very centre of the debate on the future of the international mining industry.Urbanisation continues to increase across the continent, with new housing and increased wealth triggering higher consumption of copper and steel in particular. Asia is also at the centre of the emerging market for...Read More
Last year was disappointing, but the Silver Institute is predicting a "more supportive" climate for silver this year. Sales of the US Mint's American Eagle coins rose 12% in January 2019, compared to the same month a year earlier. Silver should also benefit as the U.S. Federal Reserve is expected to ease off interest rate hikes.The demand for physical silver investment should grow by 5%.On the dem...Read More
First we need to define what a breakout actually is. It is when the price breaks a pattern or a range and a new trend is therefore established.Today, people are all too quick to refer to almost every move higher as a breakout. Just google "Gold Breakout" and you'll see what I mean.Sure, closing above $1300 was a breakout for Gold. But that's hardly significant. If and when Gold surpasses the wall...Read More
When it comes to distinct mixes of industries, stock exchanges don't come much more idiosyncratic than the TSX index - from iconic clothing brands to miners to legal marijuana, a glance at these industries is all it takes to recognize the market.But are all of these industries worth your investment? Let's take a look at a representative stock from each sector and see whether they belong in your po...Read More
There are a lot of exciting stocks out there these days. It's undeniable that investors who'd bought shares of Shopify or Canopy more than a year ago are looking pretty pleased with themselves right about now.But just because you haven't hopped on latest bandwagon doesn't mean you can't still reap some rewards from the market. And now is the time to do it, while many industries remain in a bit...Read More
Dr. Moises Ronald V??zquez Caicedo Ayras, president of the Universidad Nacional del Centro del Peru (UNCP) and Douglas Morrison, president and CEO of the Centre for Excellence in Mining Innovation (CEMI) are taking the first steps in developing a partnership to advance mining innovation in technology and knowledge transfer, demonstration projects, as well as skills development for students, fac...Read More
Iron ore prices reached an almost two-year high on Tuesday, following January's fatal tailings dam breach in Brazil at Vale's C??rrego do Feij??o mine. Iron ore was at $86.65/dry ton on Feb. 4, up 14% since the dam breach and the highest since March 2017, according to S&P Global Platts.Also on Tuesday, Vale declared force majeure on some of its iron ore contracts after a court-ordered halt to a mi...Read More
According to a new report by the World Gold Council, holdings in global gold-backed ETFs rose 72 tonnes in January to reach 2,513 tonnes (80.8m troy ounces), hitting the highest levels in nearly six years.In dollar terms net inflows in January equaled $3.1B with the value of gold held in ETF vaults reaching just shy of $107B by the end of the month, a 6% increase.January was the fourth consecut...Read More
Vancouver-based Genesis Metals Corp. has updated the resource estimate for its Chevrier gold project 30 km southwest of Chibougamau. Genesis is the 100% owner of the property.The estimate includes both the main and east zones, the east zone being 10 km northeast of the main zone. The main zone contains indicated resources totaling 10.8 million tonnes grading 1.22 g/t gold for 423,000 oz. of gold....Read More
Feb 06, 2019 Guest(s): Kevin O'Leary Every tax-paying investor needs to be able to make back those taxes, according to Shark Tank star and chairman of O'Shares ETFs, Kevin O'Leary, and the best way to do that is to be invested in high quality, cash-flow generating assets. "The instability in the market and now the earnings disappointments are causing major volatility in a season where you're ac...Read More
Suncor Energy published its fourth quarter numbers that included an oilsands record - 740,800 bbl/d - thanks in part to its interests in the Fort Hills (53%) and Syncrude (100%) operations in northern Alberta.Funds from all operations were approximately C$2.0 billion in Q4 2018, compared to C$3.0 billion for the same quarter a year earlier. Cash flow was up - to C$3.0 billion in Q4 2018 - compare...Read More
Feb 06, 2019 Guest(s): Tim Sykes CEO, TLC Media LLC Tim Sykes, known for turning $12,000 of his Bar Mitzvah money into millions, now tells his students that taking profits early is what makes him successful. "I usually take a third or half of the profits, so with penny stocks, they're so volatile, you don't need to pick the exact top. Too many people get overly greedy, they go for home runs. I w...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average gave up slim gains on Wednesday after closing with gains for three consecutive sessions. The S&P 500 ended a five-day win streak.General Motors Co. (GM) reported stronger-than-expected fourth-quarter earnings and confirmed its 2019 profit outlook. Shares rose 1.6%.Walt Disney Co. (DIS) ...Read More