New investors turning to the TSX Index for some exposure to the yellow stuff have some solid options at the moment. With gold prices moving higher on U.S.-China trade war nervousness, it’s a good time to follow the crowd and get invested in some precious metals stocks. But which stocks are best for young investors hungry for upside in a competitive and sometimes risky sector?One stock that&#...Read More
Franco Nevada Corp. (TSX:FNV)(NYSE:FNV) has proven once again why this stock is a great one to have in your corner during times of volatility. The last couple of weeks, following the remarks from President Trump with respect to trade and tariff talks, demonstrated the protective power of Franco Nevada on your portfolio. The increased uncertainty resulted in a jolt to gold prices followed by a simi...Read More
Horizons ETFs Management (Canada) has launched the Horizons Global Uranium Index ETF. Units of the ETF will began trading Thursday on the Toronto Stock Exchange under the ticker symbol HURA.HURA is the first ETF in Canada to provide direct exposure to the global uranium sector - a universe of companies with a combined value of approximately C$15 billion. Globally, Canada is ranked as the second-la...Read More
Polish miner KGHM (WSE:KGH), Europe's second-largest copper producer, hit record output in the first three months of the year, thanks partly to improved production at its money-sucking Sierra Gorda mine in Chile.The state-controlled company, which has been criticized for the steep investment allocated to developing the Chilean asset ($5.2B and counting), churned out 142,000 tonnes of copper in t...Read More
British Columbia's mining sector posted positive results for the second straight year in 2018 coming off a period of lower commodity prices and reduced activity, according to PwC Canada's latest BC Mine report.In total, BC miners posted a record high gross revenue of C$12.3 billion, compared with C$11.7 billion in 2017. Capital expenditures also fell to C$1.2 billion from C$1.5 billion.Key contrib...Read More
Following the development of a reclamation program that involves the application of treated biosolids to the Central Tailings Area at the Copper Cliff nickel mine in Ontario, Vale Canada and its partner in the project, Terrapure Environmental, received an Environmental Leader Award for Project of the Year.Instead of incinerating or landfilling nutrient-rich organics, Terrapure worked with Vale to...Read More
May 16, 2019 Guest(s): Max Keiser Gold's true-value potential is being held back by market "abuse," which is why the metal is trading at relatively depressed prices, said Max Keiser, host of the Keiser Report. Keiser cited the tremendous amount of paper gold in the market as the main problem, as this creates opportunities for short sellers preventing prices to move to the upside.During the trad...Read More
FocusEconomics today announced the winners of the 2019 Analyst Forecast Awards, recognizing the most accurate forecasters for the main macroeconomic indicators across 92 countries and 23 commodity prices in 2018. FocusEconomics surveys over 1000 economic experts from national and international banks, top financial institutions and economic research companies every month to obtain their projections...Read More
1.The short seasonal rally for gold that typically follows India's Akha Teej holiday (May 7 this year) is in play but this time it is being "juiced" by a major U.S. stock market meltdown!2.In a game with nine innings, the U.S. business cycle is probably in the eighth or ninth inning.3.Stock market welfare programs provided by central banks (QE and intense rate cuts) have extended the bull market i...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished up more than 200 points Thursday after strong earnings reports from some market heavyweights. Cisco Systems (CSCO - Get Report) advanced after the networking giant posted fiscal third-quarter earnings that topped Wall Street forecasts. Walmart (WMT - Get Report) surged after...Read More
By John R. IngPresident and CEO,Maison Placements Canada Inc. This is an edited version of an article, Gold: A Legacy of Debt, Deficits and Doom, that appears on The Bull & Bear's website, www.TheBullandBear.com. To be sure after a decade of record stock market gains and IPO unicorns, the world's central banks should be threatening to pull the punch bowl away. However the December market co...Read More
Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Thursday May 16, with trade uncertainties broadly priced in while a stronger dollar tempered commodity buying over the afternoon. The upward momentum in the three-month aluminium futures continued throughout the afternoon trading session, with the light metal settling at $1,860 per tonne, its highe...Read More
Recent optimism for an uptrend in global alumina prices has been knocked by the news that the Federal Court in Bel?(C)m, Brazil, has removed a production embargo on Norsk Hydro's Alunorte alumina refinery, sources told Fastmarkets on the sidelines of the Alumina & Bauxite conference in Zhengzhou, China on May 16-17. This is the first of two production embargoes that need to be removed but sou...Read More
(Corrects after company gave an amended figure for EBITDA ratioin paragraph 7, adds dropped word in paragraph 3)By Zandi Shabalala and Pratima DesaiLONDON, May 16 (Reuters) - Higher prices for industrialprecious metals palladium and platinum have boosted earnings atSibanye-Stillwater, enabling the miner to repay debt and plan toresume dividends next year, its chief executive Neal Fronemansaid.Siba...Read More
Aluminium's three-month price on the London Metal Exchange appreciated during morning trading on Thursday May 16, climbing to an intraday high of $1,864 per tonne after it was buoyed by a fresh cancelation of 33,050 tonnes. The climb marks the light metal's highest price since April 26, but its three-month price has not traded above $1,900 per tonne since April 5, despite more than 400,000 tonnes...Read More
ASX business development manager, listings, Josh Collard said at the Paydirt 2019 Latin America Downunder conference in Perth Thursday the ASX was one of the most active in the world, was well understood among Australia's and Latin America's mining fraternity and there was an opportunity to deepen that relationship."The ASX has been home to total capital raisings for the resources sector of more t...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announced today it has has completed the second tranche of a non-brokered private placement offering, raising gross proceeds from both tranches of the financing to CA$2 million, and also the awarding of options.CLOSES SECOND TRANCHE OF PRIVATE PLACEMENTThe Company has completed the second and fina...Read More
* Aluminium resistance seen at $1,870* Aluminium cancelled warrants and large holding in focus * GRAPHIC-2019 asset returns: (Adds official prices, updates lead)By Pratima DesaiLONDON, May 16 (Reuters) - Aluminium prices climbed totwo-week highs on Thursday after news of production shutdowns atone of the country's biggest smelters fuelled worries aboutsupplies from top producer China.Benchmark alu...Read More
Gold prices finished modestly higher Wednesday, although remained below the psychologically significant price of $1,300, as benchmark U.S. stock indexes shook off earlier losses to move up by the time gold futures settled. The precious metal saw support "as tensions increased with Iran, worries persist in trade and tariff talks with China-with...Brexit still unresolved," said George Gero, managing...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday May 16 that are worth another look.Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Thursday May 16, with trade uncertainties broadly priced in while a stronger dollar tempered commodity buying during afternoon trading.Metals trader Glencore has reshuffled its c...Read More