Commodity companies now trade at valuations that are extremely attractive, often at very low price-to-earnings (P/E) ratios or below book value. The investing world is littered with the corpses of commodity investors. Therefore, investors either need to be willing to hold these stocks for the long term or get out while the getting is good.A global recession could decimate commodity stocksDuring a...Read More
In 2017, New Jersey Governor Phil Murphy ran on the promise of legalizing weed in my home state.Now, he and a fresh wave of Democratic legislators are poised to follow through on their promise with the aim of legalizing pot on March 25."It's time," said State Senate President Stephen Sweeney.Indeed it is.Ten states - Washington, Colorado, California, Nevada, Alaska, Oregon, Maine, Michigan, Massac...Read More
The mining industry has been in a winner-take-all mode over the past few years.For example, the S&P/TSX Global Mining Index has been roughly flat over the past five years, eking out an increase of a few percentage points over the past 12 months. However, that index is almost completely comprised of huge companies with large-cap market sizes.Smaller mining stocks have slipped through the crac...Read More
Alongside tech and Canadian cannabis stocks, mining has to be one of the best sectors on the stock market for high expected annual growth in earnings. From popular gold miners to some of the best known silver miners, with some lithium thrown in for good measure, here are six of the top high-growth metals and mining stocks on the TSX index.Goldcorp (TSX:G)(NYSE:GG)Rising since the end of October, G...Read More
Mar 20, 2019 Guest(s): Ranj Pillai Minister of Energy & Mines of the Yukon Government Yukon was ranked 9th in the world by the Fraser Institute for "investment attractiveness" in 2018, and according to Ranj Pillai, Deputy Premier and Minister Of Energy, Mines and Resources of Yukon, much of the strides made can be attributed to government policies. "Yukon has done a good job of telling its story...Read More
Wheaton Precious Metals, (TSE: WPM) one of the largest precious metals streaming companies in the world, announced record gold production and sales in 2018 and declared a $0.09 per share first quarter dividend for 2019 on Wednesday.In the fourth quarter of 2018, Wheaton generated almost $110 million in operating cash flow, bringing total operating cash flow for the year to over $475 million, fo...Read More
Montreal-based Champion Iron has excellent results from its 9,350-metre drill program last fall on its Powderhorn property located in north-central Newfoundland, 40 km southwest of Springdale. The results come from both a copper-rich and a zinc-rich zone.Results from the copper zone include:Hole PH18-16: 0.89% copper, 1.1 g/t gold, 13.9 g/t silver and 0.09% zinc over 3.92 metres. The best intersec...Read More
Imperial Metals' (TSX:III) stock rocketed 62% last week over a two-day period on the news that Australia's Newcrest Mining (ASX:NCM) is taking a $1.1 billion stake in the company's Red Chris copper-gold mine - a price that has shocked investors and observers.The copper-gold mining company's stock shot from C$1.98 per share on March 8 to $3.20 per share on March 11. On Wednesday it was trading at $...Read More
In recent weeks we noted the bullish outlook for the stock market.Friday the S&P 500 as well as ACWX (global equity ETF ex US stocks) closed above resistance and made higher highs.Not surprisingly, as US and global equities have avoided a bear market (for the time being), precious metals have weakened. It's not a surprise that as Gold failed to breakout both the S&P 500 and global equities...Read More
Chalice Gold Mines has filed an amended 43-101 report on SEDAR for its East Cadillac gold project. The property is 35 km east of Val d'Or, on the prolific Cadillac-Larder Lake fault. The amended report includes non-material changes requested by the Ontario Securities Commission, and the resource estimated made in the original report dated Feb. 12, 2017, has not changed.The resources include 225,34...Read More
Iamgold Corp. has announced a 32% reduction in the workforce at its Westwood gold mine 40 km east of Rouyn-Noranda and only 2.5 km east of the former Doyon gold mine. The process is to begin this week.A planned reduction due to the stage of mine development and a realignment due to the 2019 guidance numbers were considered in making the decision, said Iamgold. Westwood production is to be between...Read More
Zinc's three-month price on the London Metal Exchange was higher at the close of trading on Wednesday March 20, bolstered by an 11-year low in LME stocks, with the price continuing to approach $2,900 per tonne - a level not seen since July 2018.Total on-warrant material was at its lowest level since 2008 at just 44,300 tonnes, while LME data showed five dominant warrant-holding positions. Three of...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Wednesday after the Federal Reserve decided to leave interest rates unchanged. FedEx (FDX) dropped 3.5% after the shipping company cut its fiscal 2019 profit forecast for the second time in three months. General Mills (GIS) reported better-than-expected fiscal third-quarter earnings. ...Read More
Appetite for US material improved on increased demand from the US steel sector in the week to Tuesday March 19, while Chinese and European premiums traded flat in light of a closed import window and a dearth of demand from the European stainless steel sector respectively. US spot premiums for cut and briquette material narrowed upward. China's closed import window continues to preclude any p...Read More
Zinc premiums crept up in Northern Europe on Tuesday March 19 after buyers were enticed by a price retreat earlier this week; lead markets were largely stable except in India where there were further drops due to a temporary surge in Iranian supply. Northern European zinc buyers are active in the spot market this week, causing premiums to narrow up. China's zinc premium softened amid a close...Read More
"No more rate hikes period...rate cuts to begin sometime this spring...tapering the balance sheet taper starting in May...QT ends in September even though our balance sheet has only been reduced by roughly 10% of the amount of money we printed...Quantitative Easing aka "money printing" to resume in October...our hidden dot plot shows that you should buy as much physical gold as you can afford an...Read More
Norsk Hydro will restart certain rolling and extrusion operations to allow for continued deliveries to customers, a day after a cyber attack caused temporary halts on its operations, chief financial officer Eivind Kallevik said in a press release on Wednesday March 20.In an earlier press release on Tuesday, Kallevik said every unit was isolated from the company's global network to prevent the atta...Read More
The Fed indicates that no more rate hikes will be coming this year.The announcement comes three months after the central bank said two hikes would be appropriate in 2019.The central bank also says it will complete its balance sheet roll-off program at the end of the September.The Fed also reduced expectations in GDP growth and inflation and a bump higher in the unemployment rate outlook.As expecte...Read More
Under a C$2.5 million (US$1.9 million) subscription agreement announced yesterday, Kinross will acquire 12.5 million shares in Wolfden at C20c each. Wolfden released an indicated 2.Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to announce the Company is opening a permanent location in Tsawwassen Mills following the successful course of Peekaboo Beans' trial pop-up shops across the country. The store is now open in the updated location within the mall, which is conveniently located in the busy 'kid zone'. Th...Read More