First Vanadium (TSXV: FVAN) has extended its Carlin vanadium deposit in Nevada by 300 metres, or 15%, to the south with newly acquired historical data. The strike length of the deposit now totals more than 2.1 kilometres.The Carlin project is considered the largest, highest grade primary vanadium deposit in North America.Two historical holes and trenches completed by the property's previous owner,...Read More
Frontier Lithium Inc. has entered into a strategic partnership agreement with XPS Expert Process Solutions (a Glencore company) and Dr. Ahmad Ghahreman, a Queen's University professor, to develop a process to refine spodumene concentrate into lithium hydroxide. The partnership reflects Frontier's commitment to lay the foundation for a regional, vertically integrated battery ecosystem energizing On...Read More
Even in an industry known to be high-risk, the sudden evaporation of more than a million ounces of gold raised eyebrowsRead full newsRead More
"Out of @ElyGoldNevada stock this morning. Could revisit when hold comes off 11 cent PP May 1st and May 19th AND when they stop paying Mickey Fulp @mercenarygeo $4000 USD a month! $ELY.V"Read full newsRead More
Toronto-based Maritime Resources Corp. has begun infill drilling at its Hammerdown gold project 15 km northwest of Springdale. About 3,000 metres of drilling is planned in 19 holes designed to convert inferred to measured and indicated resources. The pre-feasibility study is to be updated late this year.Maritime is also planning a 2,000-metre drill program and geophysical survey to test the depth...Read More
Montreal-based Osisko Metals has received assay results from 127 drill holes in the M-40 area within the East Mill zone at the Pine Point mining camp 65 km east of Hay River. The results are promising and they will help convert near surface, historical drill results into an upgraded 43-101 resource estimate.All intersections were within a flat lying, tabular deposit and none were deeper than 60 me...Read More
Tesla Inc on Wednesday reported a $700 million loss for the first quarter and said it would also lose money in the second as it struggled to deliver cars to customers and launched a cheaper version of its Model 3 sedan.The company said it ended the quarter with just $2.2 billion in cash, after paying off a $920 million convertible bond obligation in March.(Reporting by Vibhuti Sharma in Bengaluru...Read More
The downside potential in precious metals discussed last week is playing out as Gold and gold stocks have broken down technically.The global economy appears to be firming and that is evidenced by a sustained rebound in global equity markets.As a result, the potential for a rate cut which pushed precious metals higher is now unwinding. That has caused the breakdown in precious metals and there is m...Read More
The TSX has been on a tear this year after a disappointing 2018. And when the markets are up, a lot of stocks are as well. However, investors can strategically choose to buy high-beta stocks during bullish times to cash in on a lot of excitement in the markets.Beta is a measure of how much a stock swings compared to the market. A beta of one would indicate that it is equal, whereas a beta of les...Read More
Anglo American (LON: AAL) released its first quarter production results on Thursday, reporting decreased production numbers, mostly because of planned disruptions at its metallurgical coaldivision, where production dropped 25%."Production is 6% lower in the quarter, with two planned longwall moves at metallurgical coal accounting for 80% of the reduction," chief executive Mark Cutifani said in...Read More
As Guyana Goldfields (TSX:GUY) hits a 52-week low, we take a look at its stats, alongside those of some its peers. Do solid gold buying opportunities abound, or are knives falling in the precious metals section of the TSX index? Let's find out.Down 7.07% in the last five days, it's too early to call Guyana Goldfields a falling knife, since its share price is unchanged at present. However, looking...Read More
Teck Resources (TSX:TECK.B)(NYSE:TECK) has been a household mining company for decades. The company is largely known for its focus on coal, copper and zinc. It has flagship mines worldwide and is one of the world’s largest producers of copper and zinc. As such, its performance has been largely dependent on a growing global economy, China in particular.However, the company has also diversifie...Read More
Granada Gold Mine is encouraged by the results of a new two stage gravity concentration from its Granada gold project near Rouyn-Noranda. Mineralized material that had only 1.01 g/t gold was successfully upgraded to 67.99 g/t.The pre-concentration study was conducted at the pilot plant of Canada Cobalt Works in Gowanda, Ont.The test was done on a 120-kg sample of low-grade material from the mine's...Read More
Durable goods stocks are an interesting play, as they represent an investment in the mid- to long-term on behalf of everyday consumers. From iconic coats to long-lasting children’s toys to water sports, the following list of consumer durable stocks has something for every retail and consumer market bull looking to cream some capital gains on the TSX Index.BRP (TSX:DOO)(NASDAQ:DOOO)Starting o...Read More
Toronto-based Wesdome Gold Mines continues to intersect high grades as drilling goes on at the Kiena mine complex in Val d'Or. Drills are testing the Kiena Deep A zone, with excellent results not yet reflected in a resource estimate.Ongoing drilling is expanding the Kiena Deep A zone both up and down plunge. Here are some highlights:Hole 6404: 18.2 g/t gold over 11.0 metres core length (18.2 g/t g...Read More
Apr 25, 2019 Guest(s): Peter Hug Global Trading Director, Kitco Metals Gold investors are forgetting that a return to 2011 highs would imply an "end of the world" scenario where all risk assets are plummeting, said Peter Hug, global trading director of Kitco Metals. A balanced investor who has only 10% of his portfolio in gold would not want to see the rest of his assets fall for only 10% of his...Read More
Despite unfavourable market conditions, the mining industry is staging a comeback thanks to highly publicized multi-billion mergers and acquisitions targeting mostly the gold sector.The aggregate valuation of all miners listed on the Toronto Stock Exchange (TSX) declined by 12.7% in 2018, to $253.9 billion, compared with a 10.8% decrease in the market capitalization of the entire TSX market, says...Read More
Glencore has been informed by the US Commodity Futures Trading Commission (CFTC) that the company is under investigation for possible corrupt practices violating certain provisions of the Commodity Exchange Act and/or CFTC regulations.The latest CFTC probe comes after the company was subpoenaed last year by the US Department of Justice (DOJ) for documents relating to dealings in Nigeria, the Democ...Read More
The downside potential in precious metals discussed last week is playing out as Gold and gold stocks have broken down technically.The global economy appears to be firming and that is evidenced by a sustained rebound in global equity markets.As a result, the potential for a rate cut which pushed precious metals higher is now unwinding. That has caused the breakdown in precious metals and there is m...Read More
Apr 25, 2019 Guest(s): Alain Corbani Head of Commodities, Finance SA Current monetary policies have made the precious metals a more attractive investment option, said Alain Corbani, head of commodities at Finance SA. "My bet, and so far it has been the safest, is to follow what the Fed is saying. So, basically they are saying 'we are not going to raise rates anymore,' they are saying that they d...Read More