The sale of a 0.5% net smelter return royalty on its Pandora property to Agnico Eagle Mines (TSX: AEM; NYSE: AEM) monetizes a non-core asset and reduces the junior's cost of acquiring its McKenzie Break and Swanson properties by $800,000,Monarch Gold Corp. (TSX: MQR; US-OTC: MRQRF) reports.The Pandora royalty was part of the assets that Monarch acquired from Richmont Mines in October 2017, along...Read More
West Africa is well endowed with mineral resources, and many world-class deposits have been discovered there in recent years. The region is a key source of gold, iron ore, bauxite, diamonds, phosphate, uranium, and its mainly untapped mineral wealth provides exceptional greenfield development potential.But despite increased interest in the whole spectrum of commodities in West Africa, the region i...Read More
Vladimir Putin's quest to break Russia's reliance on the U.S. dollar has set off a literal gold rush.Within the span of a decade, the country quadrupled its bullion reserves, and 2018 marked the most ambitious year yet. And the pace is keeping up so far this year. Data from the central bank show that holdings rose by 1 million ounces in February, the most since November.The data shows that Russia...Read More
More than three years after two treasure hunters claimed to have found a Nazi train laden with gold and gems in the Polish city of Walbrzych, one of the men looking for it has unearthed another kind of treasure: two dozen priceless Renaissance portraits.Piotr Koper, who spent years hunting for the elusive train rumoured to be laden with gold and gems, has found two dozen priceless Renaissance p...Read More
Export prices for steel slab products of Brazilian origin remained unchanged in the week ended Friday March 29, on a flat steel market in the United States and weak demand in Europe.Fastmarkets' weekly assessment of Brazilian slab export prices was $510-550 per tonne fob on Friday, stable week-on-week.Bookings were reported from Brazil to the US market at prices of at least $540 per tonne fob, sou...Read More
Indian domestic secondary steel billet prices have fallen by about 100 rupees ($1) per tonne this week because there have been fewer inquiries and minimal buying by makers of finished products such as rebar mills, Fastmarkets heard on Friday March 29.Indian domestic secondary billet prices were assessed by Fastmarkets at 31,200-31,400 rupees ($450-453) per tonne ex-mill on Friday, down by 100 rupe...Read More
Clive Maund sees some rough waters with gold and discusses how to play it. Note: This article was published on CliveMaund.com on March 27.I have not been happy about the pattern that has been forming in gold since it plunged rather rudely and sharply around the end of February. The concern that was engendered by that plunge and the accompanying momentum breakdown, that we can see on gold's latest...Read More
The Canadian company continues to advance this silver-lead-zinc asset. Goldplay Exploration Ltd. (GPLY:TSX.V; GLYXF:OTCQB) filed on SEDAR an NI 43-101 technical report and mineral resource estimate for its San Marcial project in Mexico, it announced in a news release. The report documents a maiden mineral resource estimate "for the initial 500 meters long by 100 meters wide resource area, part of...Read More
Stepout drilling intersected mineralization that remains open in the northern and southeastern parts of the company's property. Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release additional oxide gold results from 30 reverse circulation infill and stepout holes drilled in the Dark Star deposit of its Railroad-Pinion project in Nevada. The purpose of these holes was to...Read More
Stainless steel transaction prices in Europe increased in the week ended Friday March 29 while mills continued to incrementally apply higher alloy surcharges to their sales prices.This week, many mills announced alloy surcharges for a range of stainless steel products for April, at levels increased from those in March. This was the second consecutive such increase.The increases were largely a reac...Read More
The meaning and implications of recent positive assays for this Nevada company are explained in this ROTH Capital Partners report. In a March 25 research note, analyst Joe Reagor reported ROTH Capital Partners raised its target price on Corvus Gold Inc. (KOR:TSX) to CA$5 per share from CA$4.50, versus CA$2.06, the current share price. The raise came after the gold explorer and developer released...Read More
The Critical Investor admires the way this company with a JV on a silver mine conducted its financing. Puna Operation; Chinchillas MineUsually the standard modus operandi for juniors doing a financing revolves around three things if they can get the money: take it, take it and take it. Golden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) realized that raising the money in very negative...Read More
An iA Securities report reviews the actual numbers from 2018 and the projected figures for the next five years. In a March 20 research note, iA Securities analyst George Topping reported that Franco-Nevada Corp.'s (FNV:TSX; FNV:NYSE) Q4/18 was generally in line with expectations and its future outlook positive. Topping presented the key points regarding Franco-Nevada's Q4/18. Production of gold e...Read More
A BMO Capital Markets report presented both sets of figures. In a March 20 research note, BMO Capital Markets analyst Andrew Kaip reported that Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE) beat earnings per share (EPS) estimates in Q4/18 and, looking forward, the Rosemont project offers upside to production guidance.Kaip highlighted that Wheaton's adjusted Q4/18 EPS was $0.08, which exceede...Read More
The exploration efforts of this Canadian company continue to yield positive results. DHZ-031 Core SampleGreat Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release drill results from the Hinge and the Limb zones at its Dixie project in Ontario's Red Lake district. The purpose of the Dixie Hinge holes was to continue testing that zone along strike and at depth. Because some of the...Read More
Rudi Fronk and Jim Anthony, co-founders of Seabridge Gold, discuss Fed policies and what they mean for gold. In our view, the gold story is getting much simpler and much more urgent.Here is how we see it. The Fed cannot exit QE. QE is a failed policy. More QE is coming. Buy gold to preserve capital.To combat the financial crisis of 2008/9, the world's central banks created an enormous amount of n...Read More
This program will be the start of exploring the large structural zone running northward from the other company's project. View of Newmont's Phoenix Mine from GSV's Virgin Fault mineral zoneGold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) began a drilling program at its Lewis project in Nevada, it announced in a news release. The company will drill four holes for 1,555 meters (1,555m) at this 5,...Read More
Jayant Bhandari, in conversation with Maurice Jackson of Proven and Probable, discusses a wide range of topics from India-Pakistan tensions to a number of resource companies that he has on his radar screen, including two arbitrage opportunities. Maurice Jackson: Joining us for conversation is Jayant Bhandari, the founder of the highly acclaimed Capitalism & Morality seminar and a prominent sought...Read More
Technical analyst Clive Maund charts a small-cap with royalties on a gold project in Nevada, and explains why he sees it as a strong speculative buy. Although Terraco Gold Corp. (TEN:TSX.V; TCEGF:OTCPK) stock hasn't done much since we looked at it late last year and in fact it is barely changed, the technical case for owning its stock and the fundamental case for owning its stock remains the sam...Read More
Precious metals expert Michael Ballanger discusses the Fed's interest rate announcement this week and its implications for gold and mining stocks. Here is what I wrote at 7:00 a.m. Friday morning with the S&P futures called down 10 points: "There are certain times in one's trading career when despite all of the planets appearing to be aligned in one's favor, a large asteroid comes along and spoil...Read More