Market participants in China are increasingly confident that Chinese authorities will revive steel scrap imports into the country in 2021 following the release of new domestic scrap classification standards.A draft of the new standards for ferrous and stainless scrap for China's domestic market was released late last month. Market participants expect these standards to be launched and implemented...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) is on track to meet its 2020 guidance of 4.6-5 million oz. gold, chief executive Mark Bristow announced on the company's third-quarter earnings call. So far this year the major has produced 3.6 million ounces.Operating cash flow in the three months ended Sept. 30 totalled US$1.9 billion, up from US$1.73 billion in the second quarter, and free cash flow jumped to...Read More
Albemarle (NYSE: ALB), the world's top lithium producer, is moving forward with expansion projects at Kemerton in Western Australia and La Negra in Chile, both of which it expects to commission next year.Delivering fourth-quarter results, the U.S.-based lithium giant forecasts full-year profit above estimates, but warned the company's performance for 2020 would reflect the impacts of the coronavir...Read More
Since resuming regular diamond tenders in September, Mountain Province Diamonds (TSX: MPVD) has seen prices for its goods start to rise.In fact, the diamond junior, which owns a 49% stake in the Gahcho Ku?(C) mine in the Northwest Territories, says its Oct. 30 sale in Antwerp was its largest open market sale to date, setting a new record in terms of both value and volume.The record sale follows a...Read More
With most major mining assets back up and running after coronavirus-related stoppages earlier this year, and amidst strong commodity prices, Franco-Nevada (TSX: FNV; NYSE: FNV) has reported record third-quarter financial results. These include new records in revenues recorded of US$279.8 million, adjusted EBITDA, which hit US$235.1 million, and net income of US$153.9 million.In the quarter, Franco...Read More
It has been two weeks since South Africa's cabinet approved a chrome ore export tax to support its chrome sector, and Chinese buyers say they would have little option but to accept the higher costs. China is the world's largest chrome ore importer and would therefore bear the brunt once the export tax is carried through. But the East Asian country has no choice but to brace for the price rise beca...Read More
TORONTO - Iamgold Corp. says it has shut down operations at its Westwood underground gold mine in southern Quebec following aRead full newsRead More
Apr??s la fermeture administrative << physique >> des commerces non-essentiels, suscitant au passage de nombreuses pol?(C)miques, Bruno Le Maire a annonc?(C) un...Read full newsRead More
Sienna Resources Inc. Sienna Resources is pleased to announce tRead full newsRead More
Maxtech Ventures Inc. (Read full newsRead More
Portofino Resources INC. announces that due to strong interest inRead full newsRead More
Cache Exploration Inc. , is pleased to announce that it intends tRead full newsRead More
With two months left until the end of the year, the chances for a final spurt on the stock markets are looking better. Various industry insiders have expressed their optimism for a bullish run for gold prices and gold stocks at the end of the year. Chris Vermeulen, market strategist of Technical Traders, sees the gold price at the end of 2020 climb to $2,300 an ounce. This will increase the value...Read More
Strong gold prices boosted Canada's main stock index futures on Monday ahead of the U.S. presidential election on Wednesday. As demand for the precious metal rose, gold prices registered a 0.47% gain to $1888.7 per ounce. This comes amid a strengthening second wave of COVID-19 infections, which weakened the US dollar and saw global investors shift capital towards safer havens. Predictably, this...Read More
When Warren Buffett turned 90 on August 30, 2020, his net worth was US$82.6 billion. The chairman of Berkshire Hathaway, also known as the Oracle of Omaha, is one of the most successful investors of all time, if not the GOAT of investing. Investors want to have a slice of his brain to be as successful as the man.The famed American billionaire has been through several market crashes, such as the 19...Read More
Warren Buffett-led Berkshire Hathaway disclosed its stake in Canadian miner Barrick Gold (TSX:ABX)(NYSE:GOLD) in August. It’s turning out to be one of the best-performing stocks in the conglomerate’s investment portfolio.Barrick Gold reported its third-quarter earnings yesterday. Driven by higher gold production and higher prices, the miner’s adjusted earnings increased by a mass...Read More
Kinross Gold (TSX:K)(NYSE:KGC) stock spiked 8.4% on Thursday, thanks to its robust Q3 financial performance. The gold mining company’s revenues from metal sales jumped 29% year on year to US$1,131.3 million, reflecting higher average realized gold prices. The average realized gold price increased by 30% to US$1,908 per ounce in Q3 compared to US$1,476 per ounce in the year-ago quarter....Read More
I realized I was going to have to write something for Election Day a couple weeks ago.Wait wait wait, stay with me for a minute here. I have something worth your while, I swear.It took until yesterday to get a good idea of why I both should and shouldn't bother. I think addressing this duality is worthy of our attention, and I'm not seeing much of anyone else doing it.I knew I'd have no intention...Read More
Yesterday, Jimmy Mengel told you where to go looking for 'buys' if Joe Biden wins the presidency on Tuesday night. Today, I'm here to follow up by telling you what sectors and companies will most benefit from a Trump victory. To be honest, this isn't my first rodeo. I wrote a similar story back in 2016, and several of the stocks I listed have done very well for themselves. Chief among them are...Read More
The three-month prices of most base metals on the London Metal Exchange gained on Friday November 6, with the exception of nickel and lead futures.The LME copper and zinc futures rose by more than 1%, with the red metal closing above the $6,900 per tonne psychological mark.The LME three-month copper price increased by 1.2% to...Read More