Brazilian car producers Volkswagen, Fiat Chrysler, Toyota and Renault have announced collective holidays starting in April, following the same measures from General Motors (GM), Ford and Mercedes-Benz because of concerns about the spread of novel coronavirus (2019-nCoV).Volkswagen, the second-largest car producer in the country, will stop production at its four units in the country for two weeks s...Read More
Privately held Nordgold has taken a 19.9% stake in Cardinal Resources (TSX: CDV; ASX: CDV), which is advancing its Namdini gold project in Ghana.The Russian gold miner, whose non-executive chairman is billionaire Alexey Mordashov, recently confirmed the acquisition of 98.44 million shares of the junior at A$0.44 per share, including 81.04 million shares purchased from a subsidiary of Gold Fields a...Read More
As global financial markets began to melt down in response to the coronavirus pandemic, SilverCrest Metals (TSX: SIL; NYSE-A: SILV) inked a $75 million bought-deal financing on Mar. 11 that was underwritten by a banking syndicate led by National Bank Financial (and including Eight Capital and Scotia Capital).The deal was terminated seven days later.National Bank Financial said it was terminating i...Read More
In early January 2020, gold prices were steadily escalating on the heels of strong investor confidence fueled by some of the largest mining M&A transactions in recent history, including Newmont's merger with Goldcorp (US$10 billion), and Kirkland Lake Gold's acquisition of Detour Gold (US$3.8 billion).Over the past 12 months, gold prices had risen from US$1299 per oz. in January 2019 to US$1476 in...Read More
The jobs will be offered as six-month contracts and cover a range of skills needed by BHP operations in the short term.Read full newsRead More
"Coronavirus will bankrupt most #airlines by the end of May unless governments and the industry take coordinated action, an aviation consultant warned https://t.co/RWt22vphFJ"Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
GDX stock is now very overbought on almost every metric. Traders should look to short VanEck Vectors Gold Miners ETF on any strength.Read full newsRead More
"Pan African Resources (#PAF) says it has rolled outRead full newsRead More
Amid the current economic environment, unsexy stocks really are the place to be over the next few years. Investors will begin to understand the dangers of investing in companies that find ways to juice short-term growth expectations by engaging in potentially destructive long-term actions. One example of this is overpaying for acquisitions.Here are three companies that are as “unsexy”...Read More
Marikana has 31.2 Moz of 4E PGM mineral reserves and 160.8 Moz of 4E PGM mineral resources. (Image courtesy of Sibanye-Stillwater). Sibanye-Stillwater (JSE: SGL) (NYSE: SBGL) refuted allegations spread out on social media, which stated that there was a confirmed case of COVID-19 at its Marikana platinum group metal mine in the North West province of South Africa.In a media statement, the company...Read More
Newmont Goldcorp's Yanacocha mine in Peru. (Image by Euyasik, Wikimedia Commons). Peru's National Association of Mining, Petroleum and Energy -known in Spanish by its initials SNMPE- announced that most of its 60 member companies have evacuated 75% of their personnel from mining sites.The measure followed the declaration of a state of emergency in the South American country amidst the COVID-19 pa...Read More
Chidliak project. (Image courtesy of De Beers Canada). Kimberlite rock samples recovered at De Beers Canada's Chidliak project in Nunavut unveiled the composition of the North Atlantic craton-an ancient part of Earth's continental crust that stretches from Scotland to Labrador.The samples were retrieved by Peregrine Diamonds, a junior exploration company that was acquired by De Beers in 2018, and...Read More
Here are five Fastmarkets stories you might have missed on Friday March 20 that are worth another look.Slab export prices from Brazilian producers dropped sharply in the week ended March 20, with customers avoiding purchases amid uncertainty about the spread of the 2019-nCoV coronavirus pandemic.The London Metal Exchange will temporarily close its open outcry trading floor and go to electroni...Read More
Here are five Fastmarkets stories you might have missed on Friday March 20 that are worth another look.Slab export prices from Brazilian producers dropped sharply in the week ended March 20, with customers avoiding purchases amid uncertainty about the spread of the 2019-nCoV coronavirus pandemic.The London Metal Exchange will temporarily close its open outcry trading floor and go to electroni...Read More
The number of new confirmed cases jumped by more than 26,000 yesterday to 292,142 globally and the death toll rose by 1,600 to 12,784, according to the World Health Organisation.Marex Spectron global head of market analytics Guy Wolf said global macro indices had collapsed to a post-GFC low, however "risks now lie to the upside not the downside"."Global equity markets are seeing out-performance in...Read More
Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
Here are five Fastmarkets stories you might have missed on Friday March 20 that are worth another look.Slab export prices from Brazilian producers dropped sharply in the week ended March 20, with customers avoiding purchases amid uncertainty about the spread of the 2019-nCoV coronavirus pandemic.The London Metal Exchange will temporarily close its open outcry trading floor and go to electroni...Read More
(Adds details on futures, progress on relief package, newquote)By April JoynerNEW YORK, March 22 (Reuters) - Wall Street analysts andinvestment managers expect another rough week for U.S. marketsdue to coronavirus fears, with a wild open for futures on Sundayevening as lawmakers battled over an economic aid package inWashington.Stock-market futures fell sharply and Treasury-bond futuresrose, signa...Read More
Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More