After rallying for months, the TSX Composite Index seems to have calmed a bit recently. TSX stocks, on average, gained around 50% in the last 12 months on the hopes of pandemic’s end and a looming economic recovery. If you are sitting on some extra cash, consider these three Canadian names to bet on for the long term.ShopifyThe tech titan Shopify (TSX:SHOP)(NYSE:SHOP) stock has fallen almost...Read More
Geologists are on the verge of an extraordinary new gold discovery in Canada.Located deep in the remote mountains of Newfoundland, a crack team of Earth scientists is rapidly and aggressively developing what they believe could become one of the highest-grade gold deposits on the planet...One that could be worth billions of dollars...And one that could make today's investors magnificently rich.Gold...Read More
Last year was all about staying at home and hoping for the pandemic to end. This year will be about vaccinations, economic recovery and re-openings. This should bode well for TSX stocks at large, which was highlighted in the recent quarterly earnings season. If you are still not in the market, you have still not missed the bus. Consider these three Canadian bigwigs to buy for the long term.Enbridg...Read More
TSX stocks at large seem to be in great touch this year. The recent corporate earnings season was quite encouraging after a pandemic-dominated setback last year. Markets’ upward climb will likely continue this year amid the ongoing recovery and the pandemic’s end. If you are looking to bet on TSX stocks, here are three names that offer decent growth prospects.Premium Brands HoldingsThe...Read More
The TSX is holding steady going into the second quarter of 2021. Nine of the 11 primary sectors are in positive territory with the healthcare and energy sectors as the top performers year to date. Still, income investors have opportunities to purchase well-known dividend stocks at depressed prices.Prominent gold producerBarrick Gold (TSX:ABX)(NYSE:GOLD) was already trading at nearly $40 per share...Read More
Mar 30, 2021 Guest(s): Neal Froneman CEO of Sibanye-Stillwater Size matters, and Sibanye-Stillwater (JSE:SSW) may find scale in its home country. Company CEO Neal Froneman recently spoke to Kitco News. The company is headquartered in South Africa. Froneman said a $20 billion market capitalization is more relevant and investable for the broader market. Sibanye is sitting at $12.5 billion. To buil...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 30 that are worth another look....Read More
Tight regional supply boosted aluminium premiums in Rotterdam and the United States to multi-year highs on Tuesday March 30, while the quarterly premium in Japan settled at its highest level for six years.Rotterdam duty-unpaid highest since April 2015US Midwest premium climbs to April 2018 levelMJP premium at six-year high.European shortage drives premiums higherA lack of aluminium flowing into Eu...Read More
A summary of base metals premiums from across the globe for the week to Tuesday March 30.Please click...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 30, 2021 The big story is yields.Please click here now.Double-click to enlarge this ten-year US treasury nominal yield chart. For gold, what matters right now is real yields (nominal yields minus the rate of inflation).Unfortunately, the US rate of inflation is measured with what I...Read More
Some pundits have pointed the finger at Bitcoin's growing appeal, others cite the strengthening US economy and yields and the rollout of COVID-19 vaccines denting gold's safe-haven allure.Gold was worth about $1,685/oz on the spot market at the time of writing.It had dipped to $1,677/oz earlier this month, $100/oz above the low point of 12 months ago but well off the all-time high above $2,000/oz...Read More
An overview of the chrome ore and alloy markets on Tuesday March 30 and their latest price moves.China Light spot buying and weak sentiment continued in China's domestic ferro-chrome market, with prices heard for deals concluded 100 yuan ($15.24) per tonne lower week on week. Imported charge chrome prices fell following weakness in the domestic alloy sector, with some buyers making aggressive bids...Read More
The generous dividend payment compared with 2019 was reflective of strong copper and zinc prices at the end of last year and into 2021, according to chief executive Nigel Robinson.Read More
Ausenco won a competitive bidding process providing for a guaranteed maximum price (GMP) of US$236 million.Blackwater said the Ausenco GMP was consistent with capital estimates in its 2020 pre-feasibility study.Artemis is targeting about 60% of the initial development capital for Blackwater to be insulated from capital cost and schedule overruns once final EPC fixed price contracts for the facilit...Read More
PHOENIX - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") today announces it plans to issue its Fiscal Year 2020 earnings press release on Tuesday, April 6, 2021, after U.S. markets close, commensurate with the filing of its financial results.The Company will also host a conference call and webcast on Tuesday, April 6, 2021 at 5:00 p.m. ET to review its operational and...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) ("Venzee" or the "Company") a smart tech platform that automates the distribution of consumer-facing product information to retailers, announces the April 6 release of Version 2.11 of its proprietary Mesh Connector?,,? technology.Venzee's Mesh Connector?,,? product is a one-to-many solution that provides brands with an automated connection to...Read More
Davy is modelling FY21 and FY22 annual revenues of €139.1 million and €153.7 million, respectively, after Mincon booked FY20 revenue of €129.9 million, and believes the company "should re-rate from current levels relative to peers".The stock is up 41% in the past year to €1.30, capitalising the company at €270.94 million."We still believe that the stock is good value despi...Read More
Force majeure has been declared on shipments of copper concentrate from the Oyu Tolgoi mine in Mongolia, Turquoise Hill Resources said in a notice to shareholders on Tuesday March 30.Deliveries have been halted as a result of "Covid-19 health and safety precautions related to Chinese-Mongolian border crossings," said Turquoise Hill, which owns 66% of the Oyu Tolgoi mine and is itself 50.8%...Read More
Structural bull market or flash in the pan? One copper miner isn't taking its chances.Canada's Taseko is expanding a copper hedging strategy to cover 41 million lbs (18,597 tonnes) at a price of $3.75 per lb ($8,267 per tonne), throughout the second half of 2021, it said late on March 29."With the...Read More
Teck Resources has agreed to supply China's largest zinc smelter with zinc concentrates from its Red Dog mine this year, diversifying the market for what is one of the world's biggest exporters of the metal.Hechi Nanfang, which produces 400,000 tonnes of refined zinc annually, will receive up to 30,000 tonnes of Red Dog zinc concentrates this year, three sources source with knowledge of the matter...Read More