Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More
Exclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.Read full newsRead More
Back in the early spring, investors were reeling from one of the fastest retreats into bear market territory in modern history. At the time, I’d suggested that Canadians should look to stock up on precious metals stocks. The COVID-19 pandemic has led to economic devastation worldwide, prompting many investors to run to safe havens.However, the bullish conditions for gold and silver were appa...Read More
Treaty Creek project. (Image courtesy of Tudor Gold).Tudor Gold has reported its best intercept yet from drilling at its Treaty Creek project in B.C.'s Golden Triangle - a 973-metre interval grading 0.85 g/t gold-equivalent (or 0.775 g/t gold, 3 g/t silver and 0.02% copper).The intercept, starting at 34.5 metres depth in hole GS-20-57, included a shorter 217.5-metre section grading 1.4 g/t gold-...Read More
Stock image. Royal Helium (TSXV: RHC) closed on Thursday its oversubscribed private placement first announced in June. Royal raised proceeds of C$1 million through the issuance of 20,000,000 units at a price of $0.05 per unit.Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at a...Read More
I'll be the first to admit when I'm wrong. (Sometimes the second, if you ask my wife...)But, I must say that I've been very wrong about Donald Trump and cannabis.When he ran for the presidency, I thought it would be a boon for marijuana stocks. I naively assumed that the Donald only cared about the green: money. I thought that he was politically agnostic when it came to making billions of dollars....Read More
Alacer Gold's Copler gold mine in east-central Turkey. Alacer and SSR Mining announced an at-market merger of equals in May 2020. Credit: Alacer Gold. The total transaction value of mergers and acquisitions in the second quarter of the year reached $2.86 billion in twelve deals, with Chinese buyers acquiring gold assets and smaller companies joining forces to become mid-tier producers, the Bank o...Read More
(Reference image courtesy of Great Thunder Gold). Haywood Securities has raised its gold price forecast for the second half of 2020 from $1,650 per oz. to $1,800 per oz.Next year the broker-dealer believes gold will average $1,700 per oz., up from its earlier forecast of $1,600 per oz., while 2022 should see the precious metal average $1,650 per oz., up from an earlier estimate of $1,550 per oz."...Read More
MINING.COM MINUTE is a roundup of the biggest stories from the global mining and metals industry.This week's top stories:Gates, Bezos-backed firm searching for cobalt in Canada - Read moreGold price builds base above $1,800 with record in sight - Read moreMonster rally adds $250 billion to global top 50 mining companies - Read moreIn copper country, they're using the metal to fight virus - Read m...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 9 that are worth another look.In light of the recent turmoil in the oil market, the Fastmarkets research team has closely examined the correlations between the price of oil and the prices for ferrous scrap and finished steel products, to discover nuanced relationships and their changes over time.South Africa's government has...Read More
NOA is a compelling opportunity for value investors with a longer-term time horizon to own a wealth-generating company which can be bought today near its tangible book value.North American Construction Group has seen some success from its initiatives into coal in Texas and Wyoming.Although stocks have recovered much of the lost ground from their worst lows in March, PI Financial analyst Devin Schi...Read More
The London Metal Exchange has released off-warrant stock data to the market in a bid to increase transparency of global metal availability. In an announcement on July 9, the exchange said it hopes by providing visibility to metal which may potentially be put on LME warrant in the future, the market will be able to trade on the basis of a more complete supply picture. The LME's new data, which is o...Read More
The global nickel market continues to suffer a disconnect between on-exchange activity and market fundamentals, with the appetite for physical material distinctly lackluster, while speculative sights are set firmly on the electric vehicle (EV) battery revolution. Shanghai Futures Exchange nickel prices continue to be volatile despite stagnating stainless steel and EV demand for nickel because of t...Read More
New Century has achieved commercial production by processing tailings left by the Century mine, once the world's largest zinc mine located in northwest Queensland of Australia. The Australia-based company produced 34,500 tonnes of zinc metal in the second quarter of this year, up 22% year on year, it said on Monday July 6. "From a market perspective, despite the zinc price remaining near four-year...Read More
The company is undertaking a placement to raise $100 million and will seek to raise an additional $20 million via a share purchase plan. The issue price for both offers is $1 a share, a 10.Read More
A bankable feasibility study calculated the project's NPV post-tax was $217 million and its IRR 27.2%.Read More
RambusTonight I would like to finish up with the long term secular bull market we discussed in the Weekend Report for the US stock markets. Long term secular bull markets just don't begin and end for no good reason. There has to be a catalyst that drives the markets higher over a long period of time.When the previous secular bull market began at the 1974 bear market low no one could have imagine...Read More
Dave Kranzler, Mining Stock JournalThe monetary "gods" at the Federal Reserve have created the perfect monetary policy recipe to fuel gold, silver and mining stocks to new all-time highs and beyond. While the bubbleheads in the financial media have been garishly cheerleading the general stock market as it heads to an extreme overvaluation that will not end well, the mining stocks have outperform...Read More
Ira EpsteinGold in a vertical price rise, resistance at the upper Bollinger band:Read More