The Dow Jones Industrial Average dropped 0.46% to finish the week at 32,627.97 and the S&P 500 fell 0.77% to 3,913.10. Spot gold fell by US$17 per oz., or 0.98%, to US$1,744.90 per ounce. Eldorado Gold rose US53 ? to US$12 per share. On March 17, lawmakers in Greece approved a revised contract with Eldorado, paving the way for restarting a major mining investment stalled over licensing and envi...Read More
FY20 earnings jumped 54% despite Sukari woesRead full newsRead More
Rio outlines its plans to improve cultural heritage and community relationsRead full newsRead More
Gold could surge back above US$2,000/oz, depending on inflation tolerance of central banksRead full newsRead More
Ottawa, Ontario--(Newsfile Corp. - March 23, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (Read full newsRead More
/PRNewswire/ - Golden Star Resources Ltd. (NYSE American: GSS) (TSX: GSC) (GSE: GSR) (Read full newsRead More
Since pouring first gold in December 2020, commissioning activities at the PureGold Mine have transitioned to full scale ramp-up of the mining and...Read full newsRead More
Satori Resources is about to start drilling at the Tartan Lake gold mine project near Flin Flon.Read full newsRead More
The last year has been a roller coaster for gold. Prices for the yellow metal reached above US$2,000/ounce in the summer of 2020, an all-time high. However, this momentum would not last. The spot price of the yellow metal was trading at just over US$1,730/ounce as of early afternoon trading on March 24. Today, I want to discuss why this may be the perfect time to buy gold stocks at a discount. Let...Read More
Amid the concerns over the third-wave of COVID-19, the Canadian equity markets are down this week, with the S&P/TSX Composite Index falling close to 1% in the first two trading days. However, the long-term growth prospects remain strong amid economic expansion and recovery in demand. So, investors should buy fundamentally strong companies that are available at attractive valuations. Meanw...Read More
The majority of Canadian stocks look unattractive on the valuation front, thanks to the stellar recovery rally in the past 11 months. However, a few TSX-listed companies continue to trade at a lower valuation multiple and could deliver strong returns. ScotiabankScotiabank (TSX:BNS)(NYSE:BNS) stock has recovered all of its losses and is up about 66% in one year. Despite the recent run-up in it...Read More
The American Rescue Plan Act of 2021 was signed by President Biden on March 11 and the peasants rejoiced.The $1.9 trillion stimulus package will give the majority of Americans a $1,400 check, depending on your income level. If you're like me, you're looking forward to the potential of turning that $1,400 check into $10,000 or more.I always have a list of stocks that I'm watching, and in the last...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 24 that are worth another look.Total crude steel output across 64 major producer countries was 150.2 million tonnes in February 2021, down by 8% month on month but up by 4% from February 2020, the World Steel Association...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 24.Please click...Read More
McClellan Financial Publications, IncPosted Mar 24, 2021Mar 19, 2021Congress and the White House seem intent upon spending a lot more of our money.In the past 12 months ending in February 2021, the federal government has spent $2 for every $1 it took in.That has boosted the deficit up to an amount never seen before, neither in nominal terms nor as a percentage of GDP.Spending money that the govern...Read More
The London Metal Exchange tin price was down 2.3% at the close on Wednesday March 24, while aluminium and nickel recovered some ground lost on Tuesday despite a high US dollar index. Tin's three-month price fell to $25,315 per tonne, its lowest closing price since March 16, wiping out the gains it has made since then. The metal's closing price was at $25,9010 per tonne on Tuesday. This comes agai...Read More
The San Gerardo open-pit zinc-lead mine in Peru, part of the Atacocha plant, has resumed activities after 20 days of downtime because of community demonstrations that were blocking the road to the facilities, Brazilian base metals producer Nexa Resources said on Tuesday March 23.The ramp-up to full production was expected to take 3-5 days, the company added. The full effect of the temporary halt w...Read More
Minera Los Pelambres, the copper mine in Chile operated by Antofagasta, has reached a new labor deal with the trade union representing its employees following a period of government-mediated negotiations, the company said on Tuesday March 23.The new agreement will be valid for 36 months, and includes improvements in benefits and operational practices, as well as a bonus for agreeing the deal, the...Read More
The company has received firm commitments for a $7.5 million placement to sophisticated investors. It will also launch a one-for-four non-renounceable entitlement issue to raise up to a further $31.Read More
Slow trading activity amid poor demand pressured China's spot ferro-chrome prices down in the week to Tuesday March 24, with weakened sentiment clouding the near-term outlook with signs of easing supply tightness against a falling UG2 chrome ore market, sources said.Fastmarkets' assessment of the ferro-chrome spot 6-8% C, basis 50% Cr, ddp China price moved down by 200 yuan ($30.69) to 8,500-8,700...Read More