The shareholders of both companies have overwhelmingly (+99%) approved the merger of Golden Predator Mining (TSXV: GPY; US-OTC: NTGSF) and Arizona Gold (TSX: AZG; US-OTC: AGAUF). Arizona will acquire all the common shares of Golden Predator as announced on June 28, 2021, subject to customary regulatory approval.Arizona also intends to change the name of the new company to Sabre Gold Mines, trading...Read More
Precipitate Gold (TSXV: PRG; OTC: PREIF) has received approval from the Toronto Stock Exchange to acquire the 123.5-sq.-km Motherlode gold project in Newfoundland's Burin Peninsula.Precipitate will issue 395,000 common shares and pay $27,000 to the vendor. Additional shares and cash payments will be made over the next four years. At the end of the period, Precipitate will own 100% of Motherlode su...Read More
Two units of Canada's Centerra Gold (TSX: CG) have filed a motion in a U.S. Bankruptcy Court seeking penalties of US$1 million a day against the Kyrgyzstan government, related to the May seizure of the Canadian company's Kumtor gold mine.The company's Kumtor Gold Company (KGC) and Kumtor Operating Company CJSC (KOC) lodged the motion in the US Bankruptcy Court for the Southern District of New York...Read More
American Lithium Corp. (TSXV: LI) has received the highest lithium extraction results to date on its Tonopah lithium claims (TLC) in Nevada, achieving 97.4% extraction using warm sulfuric acid leach.Previous metallurgical work has demonstrated that the TLC claystones are amenable to rapid lithium extraction using warm sulfuric acid leaching, reaching 92% lithium extraction in 10 minutes. In additi...Read More
1911 Gold (TSXV: AUMB) is acquiring 100% of two additional exploration properties 20 km east of Bissett, Man., site of its True North gold mine and mill.The Palomar Lake property is adjacent to the True North complex and consists of three properties that will be consolidated for the first time. The company will pay $90,000 to a consortium of three local prospectors and issue 180,000 common share...Read More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesThe Future of Tailings ManagementSPONSOREDSpeaking last week, White Rock chief executive Matthew Gill invited investors to take a look at a recent independent expert report to validate his asse...Read More
Red Pine Exploration Inc. announces results from its 2021 surfaceRead full newsRead More
Gold markets have seen a pullback during the course of the trading session on Thursday as gold prices continue to struggle just below the $1750 level. That is an area that previously had been supportive, so naturally it is now becoming a resistant line. Despite gold prices clinging on Friday on concerns over rising cases of the Delta variant, uncertainties over the U.S. Federal Reserve’s ta...Read More
The price of mining stocks is quite volatile right now. There are several factors contributing to this. First, the COVID-19 pandemic and newly encountered Delta variant that poses a threat of an imminent lockdown. As the pandemic caused many material prices to skyrocket last year, many companies are performing well this year. This means mining stocks are performing holding up well as demand for s...Read More
Silver markets are clearly turning around. In Thursday’s trading session, silver prices peaked above the 200 day EMA again as markets have jumped quite drastically. Now that we are above the 200 day EMA, it is likely that we could go looking towards the 50 day EMA which currently sits at the $26.18 level. Currently, it looks as if the $29 level is massive resistance but short-term dips...Read More
Markets have been making fresh highs for the last several months. And it is not too easy to find worthy investment ideas at record levels. Does the same occur to you? Here are three TSX stocks that offer handsome growth potential for long-term investors.National Bank of CanadaNational Bank of Canada (TSX:NA), the smallest of the Big Six Canadian banks by market cap, looks poised for decent growth...Read More
Buying stocks on the dip can be a highly profitable strategy. However, one should take caution while buying stocks on the dip. At times, there are good reasons behind the decline in a stock’s price, and the recovery in such stock could be elusive. Notably, Canadian stocks headed north over the past year because of solid buying amid an improved operating environment. However, profi...Read More
Those seeking to find value in today’s market certainly have to search high and low. Indeed, valuations have climbed to what many analysts think are bubble-like levels. Accordingly, investors may be intrigued by one top TSX gold stock, which has (TSX:FNV)(NYSE:FNV)">outperformed since the beginning of the pandemic, though not in a straight line.Indeed, Franco-Nevada Gold (TSX:FNV)(NY...Read More
There's been a lot of finger pointing and head shaking over the past week as Afghanistan rolled over for the Taliban in record time.Of course, most of us had the luxury of sitting at a distance and marvelling as the chaos unfolded, second-guessing and bemoaning all the blunders of the last 20 years that brought us to this point.And that's going to go on for a while as political pundits and politic...Read More
Premiums in Europe and the United States continue to push higher, with market participants starting to negotiate contracts for 2022 supply.EuropeFastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $1,220-1,270 per tonne on Friday August 27, up from $1,200-1,250 per tonne a week earlier and from $1,190-1,240 at the beginning of the month.Fastmarkets'...Read More
At $3 below $2,700 per tonne, aluminium reached its highest three-month price on the London Metal Exchange since May 2011 on Friday August 27, and most prices on the complex were also up following long-awaited statements from the US Federal Reserve Chair. The new year-to-date peak for aluminium was $2,697 per tonne on Friday; the metal was up by 1.1% at 5pm to $2,649.50 per tonne from Thursday's $...Read More
Treatment charges for lead concentrate rose in August on a strongly negative import arbitrage and a steep backwardation on the London Metal Exchange, market participants told Fastmarkets.In addition, more mined material has become available to the Chinese market, which has been tightly supplied for the past three months.Fastmarkets' lead spot concentrate TC, low silver, cif China and the lead spot...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 27.Susan Zou, Yingchi Yang and...Read More
Adam HamiltonArchivesAug 27, 2021The silver miners' stocks have been pounded lower this summer, collateral damage from gold's selloff on distant-future-Fed-rate-hikes fears. That has devastated this tiny contrarian sector's psychology, leaving it mired in deep bearishness. But that dark sentiment pall certainly isn't justified fundamentally based on these companies' recently-reported Q2'21 operati...Read More
Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday August 27.China Ferro-silicon prices in China have been strong with general sentiment quite bullish following news that Ningxia has started a stricter round of production and power cuts, intended to meet the energy consumption dual control targets, and which made spot availability even tighter. In addition...Read More