With significant mining, milling and tailings infrastructure already in place, pre-production capital costs for Pure Gold Mining's (TSXV: PGM) Madsen project in Red Lake should not exceed $94.7 million, including a 9% contingency, a feasibility study reports.Total life of mine capex including closure costs for the underground mine are expected to come in at $327 million. Madsen is one of the high...Read More
Last year, I wrote an article about what I and some others are calling the Great Hangover.Specifically, it was about how the Fed has lured, and backed into a corner, a lot of corporate America by making it impossible to refuse cheap debt.I wrote then that we should be worried about the Fed's ability to pull the punch bowl away from the party.Now, I think it's time to revise that, because I think I...Read More
There is good reason for investors to be cautious with economic headwinds building up in the latter half of 2018 and the beginning of 2019. The market has responded well to anxiety early this year, but the domestic and global economy is facing major challenges. Canadian growth is projected to slip below 2% this year and next.Of course, risk is always present in the market. Investors hoping to prof...Read More
Sometimes I'll hear investors lament how expensive stock markets are, which usually ends with them being content to stay in cash until better opportunities arise. Unfortunately, many of these same investors will continue to hold during downturns, saying an even better chance to buy is just around the corner.This is a terrible argument for a few different reasons. Dollar-cost averaging over the lon...Read More
SEMAFO (TSX: SMF; US-OTC: SEMFF) has tabled a maiden resource for the Bantou gold zone, located about 170 km south of its Mana gold mine in Burkina Faso, totaling 2.1 million inferred tonnes grading 5.35 grams gold for 361,000 oz. gold.Highlights from the Bantou Proximal zone include 5.21 grams gold over 11 metres from 62 metres downhole and 7.35 grams gold over 3 metres from 95 metres downhole.S...Read More
Map of B.C.'s Golden Triangle, showing the Lawyers gold-silver project near the eastern boundary of the region. (Image: Benchmark Metals)Benchmark Metals of Edmonton has the results of drilling at the Dukes Ridge zone at the Lawyers gold-silver project in the Golden Triangle. The holes intersected wide intervals of near 1 g/t gold equivalent and narrower intervals of high grade gold and silver min...Read More
Gold stocks' young upleg is gathering steam, marching steadily to higher lows and higher highs. These bullish technicals are gradually improving sentiment, fueling mounting interest in this contrarian sector. That's helping the gold stocks regain lost ground relative to gold, the driver of their profits. Fundamentals are growing more favorable as gold itself powers higher. All this portend...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average turned lower on Monday as U.S. trade talks with China were set to resume. The index rose 0.2% last week and has risen for seven straight weeks.Restaurant Brands International Inc. (QSR) posted stronger-than-expected fourth-quarter earnings and boosted its 2019 dividend target to $2 a share. The...Read More
Zinc's three-month price on the London Metal Exchange fell at the close of trading on Monday February 11, hampered by broad strength in the dollar index while low LME inventories failed to limit downward price action. The three-month zinc price has also fallen by 6% since reaching a July 2018 high of $2,800 per tonne last week. Since then, open interest in zinc has dwindled by more than 11% from a...Read More
The price of copper in the United States began the week trading in negative territory, with a strong dollar and a lack of news about the US-China trade talks weighing on the base metals complex.The copper price for March settlement on the Comex division of the New York Mercantile Exchange declined by 1.10 cents per lb to $2.79 per lb.Chinese market participants have returned from their week-long L...Read More
Base metals prices on the London Metal Exchange were predominantly lower during morning trading on Monday February 11, with nickel the only metal to trade in positive territory, while continued strength in the dollar index fuels selling momentum. Chinese market participants have returned from their week-long Lunar New Year break. Yet despite a return of Chinese stimulus resulting in higher volumes...Read More
Bob Moriarty ArchivesFeb 11, 2019I talked about Benchmarkback in October of 2018. Even though gold and silver have done well since then, the juniors still suck. BNCH was $.25 then and $.185 now. I don’t expect that to continue for long if they keep delivering outstanding drill results as they just have from the Lawyers project in the heart of British Columbia.For some reason investors tend t...Read More
Jack ChanPosted Feb 11, 2019Gold sector as represented by $HUI is on a long-term sell signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term buy signal.Short-term signals can last for weeks and are more suitable for traders.GDX – our gold stock ETF has confirmed bottoms with breakouts.The trend is up.Our gold ETF...Read More
Manganese ore prices increased over the past week when producers raised their offer prices while market participants in China were celebrating the Lunar New Year holiday. Low-grade ore prices tick upward High-grade ore prices weaken slightly Manganese alloy prices hold in India, Europe US alloy prices soften despite uptick in SiMn activity.Manganese ore prices rose on Friday February 8 because of...Read More
High manganese ore prices since 2017 have enabled South African manganese miner Tshipi to generate significantly higher cashflow than expected, allowing for dividends in excess of the initial capital cost to develop the mine.For the second half of 2019, Tshipi has declared a dividend of 1.1 billion rand, its owner - Jupiter Mines - has announced. The mine will continue to produce 3 million tonnes...Read More
FinCanna Closes Upsized Second Tranche of $2.4 Million to Complete FinancingNot for distribution to United States newswire services or for dissemination in the United States.Vancouver, British Columbia, February 11, 2019 - FinCanna Capital Corp. ("FinCanna") (CSE: CALI) a royalty company for the U.S. licensed medical cannabis industry is pleased to announce that further to its news release of Jan...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) (the "Company" or "IsoEnergy") is pleased to announce that it has intersected an interval of strong (>20,000 total cps on an RS-125 hand-held spectrometer) uranium mineralization at the Hurricane zone in the first follow-up drill hole (LE19-06) completed along-strike of last summer's intersection in drill hole LE18-01A. The Hurricane z...Read More
High manganese ore prices since 2017 have enabled South African manganese miner Tshipi to generate significantly higher cashflow than expected, allowing for dividends in excess of the initial capital cost to develop the mine.For the second half of 2019, Tshipi has declared a dividend of 1.1 billion rand, its owner - Jupiter Mines - has announced. The mine will continue to produce 3 million tonnes...Read More
The rally that powered stocks to record January gains went flat last week, but for a bullish reason: sustainability. DaBoyz are in no rush to foster the illusion that new record highs are possible. Accordingly, they have adopted a go-slow approach that the news media and investors can literally buy into. Keep in mind that if the Masters of the Universe are very successful in keeping this decepti...Read More
The European antimony market was quiet in the week ended Friday February 8, with Chinese market participants still away for the Lunar New Year holiday.Fastmarkets' price assessment for trioxide-grade antimony, in-warehouse Rotterdam, was stable week on week on Friday at $7,800-8,000 per tonne.The price for MMTA standard-grade II antimony, in-warehouse Rotterdam, was also unchanged on February 8 at...Read More