"I think that the runoff of the balance sheet has been smooth and has served its purpose," Powell stated during the news conference. "I don't see us changing that."Continue...Read More
Pretium Resources Inc. (TSX,NYSE:PVG) has closed on the previously announced $480 million debt facility to refinance its existing construction credit facility.The company has also repurchased 100% of the callable 8% gold and silver stream that was sold as part of the construction financing package for the development of the Brucejack gold-silver mine in British Columbia.Last week, Pretium reported...Read More
The last few years of the Everything Bubble were driven by the ultimate dumb money: corporations borrowing to buy back their stock at record high prices. A whole generation of Continue...Read More
This video looks at the setup for the stock market in the very short-term and medium term and how that could impact Gold.Continue...Read More
JOHANNESBURG - A South African union has filed an appeal to overturn a mining deal in which Sibanye-Stillwater intends to acquire rival Lonmin , Sibanye said on Wednesday.The Association of Mineworkers and Construction Union (AMCU), protesting to job cuts related to the deal, launched an appeal with the Competition Appeals Court. The union's action comes almost a month after the Competition Tribun...Read More
In this new edition of Real Conversations, Goldmoney Founder and CEO Roy Sebag sits down with Hedgeye Continue...Read More
Preliminary results from a bulk sample taken at its Windfall Lake deposit in Quebec delivered an average head grade of 9.7 grams gold per tonne and 5.5 grams silver per tonne, Osisko Mining (TSX: OSK) reports.The sample head grade from Zone 27 is 39% higher than indicated in the resource block model for the area, a "strong result" and "an early Christmas gift to our shareholders," John Burzynski,...Read More
It all started so well in 2018 for investors in European metal and mining stocks, as copper led a base-metals rally to multi-year highs in a time before trade turmoil gripped markets. But, as the year closes, the sector index is languishing about 25 percent below its June peak.Fractious rhetoric between Washington and Beijing over tariffs, plus growing worries about the state of China's economy un...Read More
AngloGold Ashanti Ltd. is considering listing its shares in either London or Toronto in a move that could see the company hive off its remaining South African operations, according to people familiar with the situation.While no final decision has been made, the world's third-largest gold producer has been discussing the plan internally and with advisers, said the people, who asked not to be identi...Read More
Scotgold Resources (LON: SGZ), the company aiming at opening Scotland's first commercial gold and silver mine, said Wednesday that it was ready is to start rock-breaking in the new year after receiving the green light.The company, which completed 19 permitting conditions and other related obligations for its Cononish project, near Tyndrum, said the Loch Lomond and the Trossachs National Park Pla...Read More
After five years of negotiations, Havilah Resources (ASX: HAV) has signed a Native Title Mining Agreement for its Kalkaroo copper-cobalt-gold project, northeast of Adelaide in South Australia.Kalkaroo is believed to be the largest undeveloped open pit copper-gold deposit in Australia on a copper-equivalent ore reserve basis. The signing of the new deal increases Havilah's chances of being granted...Read More
Following months of speculation on its ability to buy new assets, Canadian miner Hudbay Minerals (TSX, NYSE: HBM) announced today it has completed the acquisition of all of the issued and outstanding common shares of Mason Resources (TSX:MNR) it did not already own. Each common share was bought at a price of C$0.40.The transaction was closed for about C$31 million, as Hudbay took over the remainin...Read More
Our forecast and expectaion of a major bull market in Gold, gold stocks and many commodities depends on a bear market occuring in the industrial stock market. That would include stocks in the Dow Averages and S&P 500. Our analysis suggests that a bear market is happening right now. For gold and mining stock investors that is good news. We suggest that you visit Montrealanalyst.com for the latest...Read More
Technical analyst Clive Maund charts this royalty and streaming company and explains why he expects its shares to continue to rise. There was big news out of Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE) late last week, when the company announced that it has settled a tax dispute with a Canadian agency on terms favorable to itself. What it boils down to is that foreign income on earning gener...Read More
Greg Romain, CEO of Gowest Gold, sits down with Maurice Jackson of Proven and Probable to discuss his company's aim of being the next gold producer in Canada's Timmins gold camp.Maurice Jackson: Joining us today is Greg Romain, the president, CEO and director of Gowest Gold Ltd. (GWA:TSX.V), which is focused on becoming the newest gold producer in Timmins. For someone new to the story, who is Gowe...Read More
"Protecting people's information requires stronger teams, better technology and clearer policies, and that's where we've been focused for most of 2018."Continue...Read More
"We have defeated ISIS in Syria, my only reason for being there during the Trump Presidency." - President TrumpContinue...Read More
Hollow steel sections prices in Europe were unchanged this week, which reflects doubts about the ability of mills to push through proposed price increases, market participants told Fastmarkets MB on Wednesday December 19.Fastmarkets MB's domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week at ?,?635-650 ($721-738) per to...Read More
The DJI explored a range of nearly 900 points todayIt was another late-session bloodbath on Wall Street. The Dow finished over 350points in the red and marked a new annual low, retreating in the final hours of trading after spending most of the day in the black. The blue-chip index explored a range of nearly 900 points today, swinging from a triple-digit gain to a triple-digit loss after the Feder...Read More
It's easy to prepare your retirement savings for the New Year.It's that time of year again.Yes, the holiday season is filled with shopping and Christmas parties, but we still have to squeeze in a little time for end-of-year portfolio housekeeping. Because let's face it, life isn't exactly going to slow down once we hit the first of the yearIt's particularly important to take a good look at your 40...Read More