Osisko Metals of Montreal has released additional assays from 145 drill holes completed in the L-36 and L-35 areas in the East Mill zone at the Pine Point zinc-lead camp. The intersections are within flat, tabular deposits and are located between nine to 51 metres below surface.Excellent results came from hole EM-18-PP-331 that intersected 10.23% zinc and 9.19% lead over 13.1 metres and hole EM-18...Read More
The collateral for African Export-Import Bank's $500 million loan to Zimbabwe is a mine that hasn't been dug yet, people familiar with the matter said.The loan, which will be paid over four years when production starts, is backed by a mine that Great Dyke Investments, a venture between Russian investors and the Zimbabwean military, plans to build at a cost of $4 billion, the people said. The mine,...Read More
Rise Gold (CSE: RISE) reported this week that the exploration drill program the company is carrying out at its Idaho-Maryland project intercepted high-grade gold mineralization in multiple vein structures downdip from historic workings.The past-producing high-grade Idaho-Maryland gold mine is located near Grass Valley in northeastern California.Historical records state that the mine produced a tot...Read More
Sandvik Additive Manufacturing has created the first ever 3D printed diamond composite. The stones lack sparkle, but are perfect for a wide range of industrial uses, says the company. The advantage is that the diamond can be 3D printed in very complex shapes, unlike mined or manufactured diamonds.Sandvik says the difference between its diamond and natural or synthetic diamonds is that its process...Read More
Saskatoon-based UEX Corporation has received the assays of the final 24 holes of the winter drill program at its West Bear cobalt-nickel property in the eastern Athabasca Basin.Highlights from the recent results include hole WBC-143, which intersected 8.3 metres averaging 0.33% cobalt and 0.75% nickel from 55.5 to 63.8 metres, including 0.55% cobalt and 1.39% nickel over 4.0 metres from 55.5 to 59...Read More
Young, new investors, you have time on your side.This is a very important factor to consider when choosing the right stocks for your RRSP, as the patience that this affords you is needed when considering investing in an undervalued stock in a cyclical industry.Here I would like to present to you a base metals stock that has underperformed, but that is now really trading at depressed valuations, Hu...Read More
While most of the attention is on mega-miners like Barrick Gold and Newmont Goldcorp, there are dozens of other options to choose from, some with especially promising futures.Plus, by investing in gold stocks, you diversify your portfolio into non-correlated assets. That means if the market drops, your gold stocks could rise.If you’re looking to diversify your portfolio and want to find the...Read More
The famous investor Peter Lynch once said, "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise." This is certainly a theory that seems to hold water, and with this maxim in mind, let us turn our attention to a few higher quality stocks on the TSX index that have recently seen a fair amount of insider buying.Rogers Communicatio...Read More
Australian lithium miner Wesfarmers (ASX:WES) announced on Thursday that it has entered into a Scheme Implementation Deed (SID) with Kidman Resources Limited (ASX:KDR), confirming the terms to acquire 100% of Kidman's outstanding shares. The agreed price of $1.90 per share represents a premium of 47.3% to the last closing price on 1 May 2019, prior to the announcement of Wesfarmers' proposal to...Read More
Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) said Thursday it had begun commercial production at its Gold Bar project in Nevada, US, which is expected to generate 50,000 bullion ounces this year.The Toronto-based miner also said Jack Henris will be in charge of operations. Henris has years of experience in mine management, having worked at Newmont for 12 years and at Barrick f...Read More
May 23, 2019 Guest(s): Bill Baruch President, Blue Line Futures The gold-silver ratio tested 89 recently, the highest level since 1993, as silver still fails to show signs of life, but this may be a good opportunity to buy the metal, said Bill Baruch, president of Blue Line Futures. Spot silver closed at $14.41 an ounce on Wednesday, having stayed relatively flat during the trading session."I th...Read More
A fleet of 20 autonomous Cat 793F trucks will soon be hauling ore at the Rio Tinto's Koodaideri mine, currently under construction in the Pilbara region. They'll be joined by four Cat autonomous drills, along with loaders, dozers, graders, water carts and shovels - making up Rio Tinto's first Pilbara mine to be operated using mostly Caterpillar machinery.The relationship with Caterpillar and regio...Read More
QMX Gold Corp. of Toronto has asked Hon. Sergio Marchi to join its board of directors. He has held a number of positions in both the private and public sectors, most recently as president and CEO of the Canadian Electricity Association. He is also a former federal Cabinet minister.Toronto's Barkerville Gold Mines has named Sean Masse the VP of operations. He was formerly mine manager at the New Af...Read More
Toronto-based Iamgold has released the latest results from the winter drill program at its Lac Gamble zone at the Rouyn gold project 4 km south of the town of Rouyn-Noranda. The project is optioned from Yorbeau Resources.Highlighted results:Hole GA-19-682: 12.0 metres grading 3.56 g/t gold, including 0 metres grading 5.33 g/t;Hole GA-19-690: 7.8 metres grading 11.02 g/t gold, including 5.0 metres...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended sharply lower Thursday as the trade war between the U.S. and China intensified. NeoPhotonics (NPTN - Get Report) cut its second-quarter guidance amid lower revenue expectations resulting from the U.S. ban on business with Huawei Technologies. Best Buy (BBY - Get Report) beat Wall Street's first-quarter...Read More
Aluminium's three-month price on the London Metal Exchange was the only metal to trade in positive territory at the close of trading on Thursday April 23, climbing by just under 1% to near $1,800 per tonne. News that operations would fully resume at Norsk Hydro's Alunorte alumina refinery in Brazil sent the light metal's futures price spiraling to a three-year low of $1,765.50 per tonne, however i...Read More
Base metals prices on the London Metal Exchange were lower during morning trading on Thursday May 23, with continued trade friction between the United States and China fueling risk-off sentiment while tight nearby spreads failed to attract fresh inflows. "Today has started in much the same mode with the metals losing ground in the Asian session," Kingdom Futures director and chief executive Malcol...Read More
Energy storage in mobility and stationary storage applications will increase annual copper demand by 2.3 million tonnes by 2029, according to an analyst at research and consulting firm IDTechEx.Na Jiao said that total cumulative copper demand in energy storage over the next decade will be just over nine million tonnes. Energy storage - and battery technology in particular - is often seen as having...Read More
Tighten up the belts! President Donald Trump's China tariffs are coming! The Trump administration's new duties on Chinese imports -- part of an effort to combat China's allegedly unfair trade practices -- are expected to ricochet back onto American consumers, according to a new study from the Federal Reserve Bank of New York's research department. The researchers es...Read More
Bob Moriarty ArchivesMay 23, 2019I firstwrote about Viva Gold exactly a year ago. The price of gold was about $1300 and the price of a share of Viva was about $.32. Now gold is $1280 and Viva is now at $.31. The company has an interesting story and while the price of the shares and gold hasn’t done much lately, the company has.Go back and reread what I wrote a year ago. Basically the Tonopah...Read More