YUKON - When the words "Rackla" and "Carlin style" deposit are mentioned, we often think of gold. Not this time. Say "North Rackla" and think of very good base metal grades. That's what Cantex Mine Development has been finding in this massive sulphide zone.Cantex has received results from nine holes drilled this summer. Four holes tested mineralization at the Discovery zone. The best hole was prob...Read More
The market volatility that we've seen over the course of the past month served as a perfect reminder to investors everywhere about how important it is to diversify your portfolio.With interest rates also continuing the creep up ever so slowly, precious metal stocks such as Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) are emerging as potential investment options.Precious metals such as gold have long bee...Read More
It wasanother wild roller coaster ride today with U.S. equities going throughtremendous price swings and closing dramatically lower on the day. Officially,today’s closing price in the Dow puts that index into corrective territory.TheDow Jones Industrial Average traded to a high with gains of 352 points. It alsotraded to a low, which resulted in a566-point drop only to recover slightly off th...Read More
One metal is defying the general gloom of the mining markets.Its price is up more than 800% in the past two years and is now near an all-time record high.All-time is a long time for this metal. It has roots in the BC era as the material that allowed Damascus swords to be so strong and flexible.In the modern era, it was one of the ingredients that allowed Henry Ford's "Model T" to be such an early...Read More
Risk creates opportunity, and with the TSX Index down over 7% through the first four weeks of October, the market has delivered several tremendous (if not a little on the risky side) opportunities for Foolish investors to consider.What's really intriguing about DHX Media Ltd. (TSX:DHX)(NASDAQ:DHXM) these days is that the company's share price has been on an absolute tear, even as the market has be...Read More
(Kitco News) - Gold prices aremoderately lower in early-afternoon U.S. trading Monday. Some profit takingfrom the shorter-term futures traders is featured. The stronger U.S. dollar index today that is hovering near last week’s nine-week high also workedagainst the precious metals market bulls today. There is also less riskaversion in the marketplace early this week as world stock markets hav...Read More
Believe it or not, a technology used to water the Hanging Gardens of Babylon still dominates a part of our power infrastructure.Behold its first version, the revolutionary Archimedes' Screw.The concept is incredibly simple (and predates Archimedes by centuries). You turn a screw threaded through a pipe or trough and it pulls water up.Human power was replaced by motors late in the 1800s and the ext...Read More
Goldcorp (TSX:G) (NYSE:GG) received Monday C$5 million (about $3.8m) from the Canadian government for its Borden gold project, as part of the country's efforts to boost innovation in cleaner, more sustainable mining practices.Located near Chapleau, Ontario, about 160 km west of the company's Porcupine mine, Borden will be Canada's first fully-electric operation. By replacing all diesel mobile eq...Read More
Rockcliff Metals (TSX.V: RCLF) announced that it is about to kick off a first phase drill program on its high-grade Laguna Gold property located in Snow Lake, Manitoba.The Laguna Gold Property hosts the past producing Rex-Laguna Mine that was Manitoba's first and highest-grade gold mine. The 2,500-metre drill program marks the first drill program on the property in over 70 years.In a press release...Read More
Enforcer Gold Corp (TSX-V: VEIN) announced that it plans to complete a non-brokered private placement of up to $1.5 million and acquire a property in the historic mining community of Red Lake, on top of issuing a share consolidation.The property that the Toronto-based miner wants to buy is called the McKenzie Gold property and it is located just northwest of Red Lake, the third largest gold camp i...Read More
Growth stocks are a favourite of investors who like capital gains: buying low and selling high is the name of the game, and there is often an element of patience (not to mention timing) involved in this stock trading technique. Stocks that fit the bill don't necessarily have to be great value, but they do have to have upside; look for high expected rises in earnings and good balance sheets.While s...Read More
(Kitco News) - Theconsultancy Metals Focus says gold’s recent “relief rally” has more room to runand could carry the metal over $1,300 an ounce in the months ahead, yetanalysts also do not project a sustained rally over the next year due to anumber of potential headwinds.Spot gold hit a three-month high just below $1,242 an ounce Friday, continuing a rallyfrom a series of daily l...Read More
I started scrolling throughthe pieces and they are edgy cool and current. (Kitco News)- I vividly remember during asummer vacation when I swapped with a best friend of the moment, my goldbracelet for a silver one. I thought a bracelet, was a bracelet - a gesture offriendship.Only until I got home and sharedthe news, did I learn (or more like, I was scolded) -- on how in the worldcould I swap gold...Read More
Silver continues to languish at under US$15 per ounce, despite gold recovering earlier this month to trade at around US$1,230 an ounce. The gold-to-silver ratio has widened sharply to require 84 ounces of silver to purchase an ounce of gold compared to 75 ounces a year ago. This has many pundits claiming that now is the time to boost exposure to silver, despite fundamentals indicating that the whi...Read More
The U.S. is preparing new tariffs against all remaining Chinese imports if talks between Presidents Donald Trump and Xi Jinping fail, according to Bloomberg.The new round of taxes against goods from China could occur as early as December and target the rest of the imports from China, about $257 billion worth, per the report.The Dow Jones Industrial Average fell more than 100 points following the t...Read More
(Kitco News) - Largespeculators have continued to exit from their one-time large net-bearish post ingold futures, trimming this by roughly two-thirds over the course of the lasttwo reporting weeks for data compiled by the Commodity Futures TradingCommission.“The gold price continued to recover accordingly in theperiod under review,” said analysts with Commerzbank. The move has occurred...Read More
(Kitco News) - Gold prices remained slightly softer, moving little after the government reported U.S.personal spending rose 0.4% in September, while the core personal consumption priceindex rose 0.2%. Spot gold was last down $2.60 to $1,230.20 an ounce. The governmentalso reported that income also rose by 0.2% in September. Ahead oftime, most consensus forecasts compiled by news organizations call...Read More
GoldcorpInc. (TSX: G, NYSE: GG) announces plans to buy back shares for cancellation.The company says it has received approval from the Toronto Stock Exchange forits “notice of intention to make a normal course issuer bid." This wouldallow Goldcorp to purchase for cancellation up to 43.5 million common shares,representing 5% of its 869.5 million outstanding shares as of Oct. 26 over a12-...Read More
Mr. Derek White of Ascot reports ASCOT COMPLETES ACQUISITION OF THE ADJACENT SILVER COIN PROPERTY IN NORTHWESTERN BRITISH COLUMBIAAscot Resources Ltd.has completed the previously announced purchase of the Silver Coin propertylocated immediately adjacent to Ascot's Big Missouri project in northwestern British Columbia held by Jayden Resources Inc. and Mountain Boy Minerals Ltd. Derek White, presid...Read More
Gold’s near-term fortunes may well hingeon U.S. equities, says INTL FCStone. The metal closed higher last week for thefourth straight week for the longest such winning streak since January, thefirm points out. Meanwhile, stocks were on pace for their worst monthly declinein October in eight years, although the futures market is pointing to a higheropen for equities on Wall Street Monday morn...Read More