Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) was ranked 20th on Corporate Responsibility Magazine's (CR Magazine) 100 Best Corporate Citizens list for 2019. Newmont Goldcorp was the sole mining company in the top 20 and one of only two miners to make the magazine's 20th annual list."This recognition is another indicator of how deeply sustainability is embraced by our employees and integrated...Read More
AngloGold Ashanti (JSE:ANG) (NYSE:AU) paid Renaissance Gold (TSX.V:REN) $300,000 to maintain its 100% earn-in option on the Silicon project in Nevada.AngloGold already kicked off a planned 17,000-metre, Phase 2 drill program on the property with one RC and one core rig.If Anglo completes the payments and exercises the purchase option, RenGold would retain a 1% net smelter return royalty on future...Read More
Shares in Ecuador-focused SolGold (LON, TSX:SOLG) took a hit on Thursday, following media reports of a potential referendum on mining in Imbabura, the province in which its flagship Cascabel copper-gold project is located.The company's stock dropped more than 28% in London to 24.26 pence in early morning, but recovered in the afternoon to close at 32p, leaving its market cap at almost 589m pou...Read More
With the metals and mining sector in an unsettled state, should investors still be snapping up gold stocks as their go-to defensive standard? While metals such as palladium were down on auto bearishness, gold was similarly taking a hit at the start of the week, thanks in part to a weakened tech sector and stronger U.S. dollar. Today, we’ll take a look at two of the most-watched affected stoc...Read More
Once in a while, investors get a chance to buy quality dividend-growth stocks at discounted prices.Let’s take a look at two top TSX Index stocks that recently gave investors a nice raise yet are out of favour with the market.Suncor EnergySuncor Energy (TSX:SU)(NYSE:SU) is Canada’s largest integrated energy company with oil production, refining, and retail operations that enable the com...Read More
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) reported Friday Meliadine mine-its largest gold deposit in terms of resources - has achieved commercial production ahead of schedule and below the initial capital budget.With the gold price reaching a seven-week high, Agnico's shares were up 4.5% to C$59.20 in mid-morning trading on the TSX.Total project construction costs after crediting pre-commercial gol...Read More
Canada's Pure Gold Mining (TSX-V: PGM), which recently listed in London, has started its 2019 exploration program at its 100%-owned Madsen Red Lake gold mine in Ontario.The Vancouver-based miner said it would focus on the Wedge, Fork, and Russet South satellite deposits with the purpose of converting and growing mineral resources used in the recently released preliminary economic assessment (PEA...Read More
Earlier this month, San Francisco banned local government agencies from using facial recognition technology.And you know what?I applaud them for it.I don't agree with it, personally.Quite the opposite, actually. I believe facial recognition technology will ultimately benefit society and make all of us a lot safer.I also think it's a tremendous investment opportunity that will deliver fortunes dire...Read More
Marijuana stocks have come a long way...In the blink of an eye, they have gone from the shady kid selling drugs in the school parking lot to the principal of the high school.The S&P 500 added 13.1% during the first quarter of the year, which is very good and almost twice the historical average return of 7%.The biggest pot ETF, ETFMG Alternative Harvest ETF (NASDAQ: MJ), on the other hand, returned...Read More
Gold jumped out of the gate on Friday, rising more than 1% in heavy volumes as investors seek a safe haven amid a widening trade war unleashed by US President Donald Trump.Gold for delivery in August, the most active futures contract, reached a high of $1,311.80 an ounce, the highest in seven weeks with 29m ounces changing hands in New York by lunchtime.Trump's plan to impose a 5% tariff on all Me...Read More
May 31, 2019 Guest(s): Johann Wiebe Lead Metals Analyst, GFMS Refinitiv The rise of battery electric vehicles will put major headwinds in the platinum group metals in the long term horizon, this according to Johann Wiebe, lead metals analyst at GFMS Refinitiv. "Long-term, we kind of can see where things are headed, particularly for palladium and rhodium, which are now very elevated, this could b...Read More
After months of apprehension, fragments of the northern slope of Vale's (NYSE:VALE) Gongo Soco mine, in the southeastern Brazilian state of Minas Gerais, has begun to gradually slide into the bottom of the open pit, reducing the risk of a new dam break, the company said on Friday."These pieces settled gently at the bottom of the pit with early assessments indicating that the wall is sliding gradu...Read More
May 31, 2019 Guest(s): James Altucher Managing Director, Formula Capital Best-selling author and former hedge fund manager James Altucher is not backing down from his $1-million-dollar bitcoin call that he boldly made back in 2017. His timelines may be a little different however.Altucher made the call two years ago when bitcoin was trading around $11,000, he called for the crypto to hit $1 milli...Read More
Desert Gold Ventures (TSXV: DAU) announced this week that the Malian government approved the renewal of its permit to operate the Djimbala project in southern Mali.In a press release, Desert said the permit renewal is for an initial 3-year term, renewable for two additional 2-year terms, which gives the Canadian company control of Djimbala until May 2026.At present, the British Columbia-based mine...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average posted its sixth straight weekly loss Friday after President Donald Trump threatened to impose tariffs on Mexican imports. Automakers were hit hard by the proposed tariffs, with shares of General Motors (GM - Get Report) and Ford (F - Get Report) both falling on Friday. Shares of Uber Technol...Read More
Zinc's three-month price on the London Metal Exchange was lower at the close of trading on Friday May 31, settling just above $2,500 per tonne, while continued tightness across the metal's forward curve deterred fresh buying.Participants seeking to purchase the galvanizing metal must now factor a cash/three-month backwardation of $144 per tonne in, while nearby spreads also remain less favorable f...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Copper concentrate treatment and refining charges (TC/RCs) went up marginally in late May from record low levels on May 24, while traders continued to take spot tonnages at similar terms and smelters became more active.Fastmarkets' Asia-Pacific TC/RC index rose to $58.90 per tonne/5.89 cents per lb on Friday May 31, compared with $58.30 per tonne/5.83 cents per lb a week ago when it was at the low...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Trump's trade advisor, Peter Navarro, was on CNBC today asserting that the economy was expanding at an unprecedented rate. Either Navarro is tragically ignorant or an egregious liar. Either way he looks like an idiot to those us who study the real numbers and understand the truth.The Global Manufacturing PMI (Purchasing Managers Index) dropped to 50.4 - the lowest since July 2016. It's been fall...Read More