Mining three satellite deposits that outcrop within one to three kilometres of the Madsen mill at its Madsen project in Red Lake, Ontario, would add roughly $51 million in after-tax net present value to the Madsen project, Pure Gold Mining (TSXV: PGM) reports.A preliminary economic assessment released today of the three satellite deposits-Fork, Russet South and Wedge-was based on their combined re...Read More
TerraX Minerals (TSXV: TXR) announced that the Mackenzie Valley Land and Water Board in Yellowknife, Canada, issued a Land Use Permit that approves the company's exploration plan on all the land holdings of its Yellowknife City Gold property.The new permit, effective until January 2024 and extendible to 2026, replaces two previous ones that covered a smaller area. It also provides for water usage...Read More
Back in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years.Lesson learned.Turning to Gold, we find something similar during major breakouts in 2005, 2007 and 2009. In the chart below we plot Gold along with its net speculative positi...Read More
Silver has rallied significantly since hitting a multi-year low in late 2018 to be trading at over US$15.60. This — along with some analysts claiming that the white metal could rise to as high as US$17 an ounce during 2019 — has sparked considerable interest in silver miners. One that surged substantially because of these and other positive developments is First Majestic Silver (TSX:FR...Read More
Stocks that are trading at or around 52-week highs present investors with a special choice.If they are already shareholders, do they lighten up a bit on their position and take some profits, or do they do nothing?If they do not own the stock, then they have to decide if they've missed the boat or if there is big upside still.In this article, I will discuss two stocks that are trading at or around...Read More
Economic news and data points have been anything but clear in the last few months, with the U.S. Fed chair signaling that we should expect rising rates back in 2018 to a more cautious and hawkish tone these days. This has sent the markets on a volatile ride between fear and exuberance.Throughout this, gold stocks have held up nicely. And I still think they are a good place to be in this environmen...Read More
Jaxon Mining of Vancouver has discovered high grade antimony-silver mineralization on its flagship Red Springs (Hazelton) property in the northwest region of the province.Assays from the 2018 surface sampling and geological mapping program contained up to 5% antimony, 302 g/t silver, 2.94% zinc and 1.70% lead. These samples came from an area of more than 500 metres long and 200 metres wide.Jaxon i...Read More
The EV (electric vehicle) boom is coming, but are you invested? Below you will find two of the best Canadian stocks (and two American ones for comparison) to give domestic investors both an indirect and a direct route to EV exposure. Let's take their market fundamentals for a test drive and decide which stocks should be parked in a portfolio and which should be left on the forecourt.Lithium Americ...Read More
Feb 28, 2019 Guest(s): Lon Shaver Vice President, Silvercorp Metals Silvercorp Metals, one of the largest primary silver producers in China, has found a successful strategy in mining for lead, silver, and zinc concentrates, which would then be shipped to a domestic smelter for processing. On demand for silver, most of the consumption is still from industry, said Lon Shaver, vice president of Sil...Read More
Vancouver-based ATAC Resources has laid out the first phase of its 2019 exploration program at the Rau project. Rau is located at the western end of the company's Rackla property 55 km northeast of Keno City.Exploration will follow-up on high grade gold, copper and silver results from last year with ground geophysical surveys, prospecting, mapping, soil sampling, and drilling at priority targets."...Read More
Gold mining companies have broadly outperformed stock markets since the beginning of the fourth quarter last year, as the price of gold bullion has now climbed above the $1,300 per ounce threshold.Shares of companies like Goldcorp, Barrick, Yamana, and the perhaps even lesser-known Kirkland Lake Gold have helped to lead the way, with shares in each of those gold producers posting gains at least in...Read More
Bitcoin and major cryptocurrency prices traded higher on Wednesday, rebounding after recent stumbles. Bitcoin,BTCUSD, -0.21% the world's largest digital currency as it accounts for 52% of the total value of all coins, was last changing hands at $3,797.60, up 0.3% since Tuesday at 5 p.m. Eastern time on the Kraken exchange. Read: Stocks poised to fall a second session as global drama unsettles i...Read More
The Fraser Institute has released its annual ranking of the best jurisdictions for mineral investment. Four of the top 10 places are Canadian provinces, with Saskatchewan in the lead with the No.3 spot.The institute released its Annual Survey of Mining Companies on Feb. 28, the 21st time it has compiled the rankings. Mining executives in 83 jurisdictions around the world weighed in on geological a...Read More
Feb 28, 2019 Guest(s): Adrian Day The Federal Reserve's monetary policies are still the most important drivers of gold prices, this according to Adrian Day, CEO of Adrian Day Asset Management. "To me, one of the most important things, frankly, is the way the Federal Reserve has acted recently. When they saw the stock market volatility at the end of the last quarter, they blinked, and 'blink' is...Read More
Nemaska Lithium's (TSX: NMX) board of directors has appointed a special committee to review all strategic alternatives, after the company disclosed this month that it has been forced to revise the budget for the Whabouchi lithium mine and Shawinigan electrochemical plant up by C$375 million.Nemaska, which has received funding from the Quebec provincial and Canadian federal governments, is buildin...Read More
Back in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years.Lesson learned.Turning to Gold, we find something similar during major breakouts in 2005, 2007 and 2009. In the chart below we plot Gold along with its net speculative positi...Read More
Feb 28, 2019 Guest(s): Clive Johnson President & CEO, B2Gold It could potentially be "dangerous" to rely on higher gold prices to be profitable as a miner, said Clive Johnson, CEO of B2Gold. "I've never been a gold bug, I've never believed that gold has to go higher, because I think that as a CEO of a gold mining company that would be a dangerous thing, because you could potentially do a deal th...Read More
Bannerman Resources Limited (ASX:BMN) has completed reconnaissance drilling of the Ombepo and R??ssingberg targets at its Etango Uranium Project in Namibia.The results from Ombepo have indicated thick zones of Etango-style uranium mineralisation with the potential for higher-grade blocks, confirming the possibility for a satellite feed for Etango. Drilling comprised eight reverse circulation...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended lower Thursday after U.S. economic growth slowed in the fourth quarter.J.C. Penney (JCP) posted stronger-than-expected fourth-quarter earnings and said it expects to be free-cash-flow positive in the coming year. The stock jumped 23.4%.Square (SQ) rose 2.5% Thursday after the dig...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday February 28, with low volumes and narrow trading ranges coming amid a slight uptick in the US dollar index, while continued US-China trade optimism came up against slower than expected US economic growth. Climbing furthest over the afternoon, zinc's three-month price climbed more than 1% during afternoon...Read More