Recent News

Gold and Silver Run Brings More Funding for Canadian junior miners

September 25, 2020

The traditional safe havens gold and silver continue their bullish run. Gold is up almost 30%, while silver is up more than 50% from the start of 2020. With global economic growth expected to remain subdued ahead of the second wave of COVID-19 infections, precious metals could continue to trade strong for the next few quarters. This week saw a correction in gold prices as the US Dollar recovered...Read More

Silver expected to outperform gold as much higher silver prices await

September 18, 2020

With investors and analysts remaining bullish on gold, silver fits neatly into investments related to sustainability. Since the start of 2020, gold has rocketed to a new all-time high near $2,070 in early August, up 40%. At the same time, silver bottomed in March near $12, then soared to a $29 peak, also in early August, for a blistering 140% gain in just 4½ months. Silver has heavily out-...Read More

Silver mining stocks on a roller-coaster ride

September 09, 2020

The silver stocks of Canadian mining companies have had a roller-coaster ride of a year, getting sucked into March’s stock panic before skyrocketing out in a massive upleg. While much-higher silver prices have radically improved silver-stock fundamentals, Q2’s national lockdowns to curb the spread of COVID-19 wreaked havoc on this sector. The junior miners’ latest quarterly resul...Read More

Brazil's Vale prepares to shut New Caledonia #nickel mine as proposed sale to New Century fails

September 08, 2020 /

Brazilian miner Vale SA said it has not reached an agreement with Australia's New Century Resources Ltd to sell its stake in New Caledonia nickel project and now is preparing to potentially shut it down, according to a securities filing on Monday.Read full newsRead More

Consolidation and higher gold prices give junior miners relative strength

September 02, 2020

Gold prices climbed higher in Tuesday’s trading session as a weaker dollar countered some pressure from the better-than-expected U.S. manufacturing data, which offered a correction from a two-week high. Spot gold was up 0.1% to $1,971.61 per ounce, having earlier hit its highest since Aug. 19 at $1,991.91. U.S. gold futures settled marginally higher at $1,978.90 per ounce.  With gold...Read More

Is a Secondary Breakdown Coming Up as Gold Prices Ease?

August 27, 2020

The recent bullish run of gold came to a brief stop at the close of markets on Monday, August 24th. Gold prices edged lower and continued to consolidate.  The correction comes ahead of US Presidential elections and amid improving US – China tensions. Dropping to fresh daily lows, around the $1915 region in the first hour of Wednesdays trading session, analysts believe a secondary break...Read More

RT @zerohedge: World's Largest Gold ETF Continues To Source More And More Gold From The Bank Of England

August 18, 2020 /

The SPDR Gold Trust (GLD) is increasingly resorting to sourcing gold bars at the Bank of England - at least 70 tonnes of gold and possibly up to 150 tonnes.Read full newsRead More

Barrick Gold surges 10% after Warren Buffett's Berkshire Hathaway buys a stake

August 19, 2020 /

Warren Buffett's Berkshire Hathaway bought a stake in Barrick Gold in the second quarter, a Friday filing showed. Barrick Gold surged as much as...Read full newsRead More

As Gold Trend Remains Intact, What does that Mean for Gold Miners

August 19, 2020

Canada's TSX stock index edged higher on Tuesday, boosted by major and junior gold miners after prices of the yellow metal climbed further this week after a much needed healthy correction during last week’s Friday session.  Gold process rose more than 1% on Tuesday and climbed back above the $2,000 level breached earlier this month. As a whole, the materials sector added 0.9% as gold f...Read More

Ontario Supports New Steel Galvanizing Plant in North Bay

August 14, 2020 /

NORTH BAY - The Ontario government is investing $5 million in Norgalv to help the steel galvanizing company open a new plant in North Bay. The funding is being delivered through the Northern Ontario Heritage Fund Corporation (NOHFC) and will be used to build a new facility, purchase equipment and establish a single production line, creating 45 new full-time jobs."We are proud to support the expans...Read More

SK makes world's 1st NCM battery with 90% #nickel

August 11, 2020 /

SK Innovation will commercialize the world's first nickel cobalt manganese (NCM) batteries that contain 90 percent nickel, according to industry sources on August 10. The South Korean battery maker will supply lithium-ion batteries that contain 90 percent nickel, 5 percent cobalt and 5 percent manganese inside cathodes to Ford F-150 electric pickup trucks set for release in 2023, they said. &ldq....Read More

Gold Mining Q2 Earnings Mostly Upbeat: ETFs in Focus

August 17, 2020 /

Gold miners remained one of the biggest coronavirus beneficiaries.Read full newsRead More

U.S. releases draft assessment of Idaho open-pit gold mines

August 17, 2020 /

BOISE, Idaho (AP) - The U.S. government on Friday released a draft environmental report on the potential effects of three open-pit gold mines in salmon habitat in central Idaho proposed by a Canadian company. The U.S. Forest Service will take comments for 60 days on the documents involving British Columbia-based Midas Gold's plan that includes restoration work in the already heavily mined area. Mi...Read More

Record Gold Prices Draw Interest to Junior Gold Miners in Canada's Prolific Gold Regions

August 12, 2020

Gold prices continue climb towards all-time record highs with December gold futures reaching an astounding $2,027 on Tuesday.  The gold frenzy driven in part by the weakening dollar and the global pandemic is good news for Canadian junior gold miners and mid-tier gold exploration companies, particularly those in prolific gold regions across Canada. Although some mining regions faced setbacks...Read More

Gold Price Of Almost $3,000/Oz Needed To Claim The Record

August 05, 2020 /

Gold at $3,000 an ounce sounds like an optimistic tip, but there are two reasons to take that price seriously.Read full newsRead More

An Overview of Gold Investing and Prices

August 05, 2020 /

What factors influence the gold price today?Read full newsRead More

#gold #investing Market Watchers React to Gold's Bull Run Past US$2,000

August 06, 2020 /

The gold price broke past US$2,000 on Tuesday, an important psychological and monetary threshold for the metal.Read full newsRead More

Gold breaks $2,000 threshold for the first time in history, gold stocks rally

August 05, 2020

Gold futures broke a considerable line on Tuesday as they edged higher, driven by a weakening US dollar and fears of a second wave of coronavirus infections. As government bond yields headed lower, the precious metal to make an assault on a record close above the $2,000 threshold. Analysts are optimistic about bullion surging by 50% over the next 18 months to around $3,000 an ounce and see other...Read More

As Gold Pauses, Investors Rush for Cheap Gold Stocks

July 31, 2020

After gold prices skyrocketed past their 2011 all-time highs of $1,920, gold’s spot price slid back to $1,930 in Thursday’s trading session, down 0.6% from its earlier closing price of $1,940, as gold bulls took a pause before another attempt to push the precious metal higher off its record levels. The growing concerns regarding the course of the US economy persist, so is unlikel...Read More

Gold Could be Heading toward $5,000 as Asia Pacific markets soar

July 22, 2020

Gold prices surged to a nine-year high on Tuesday while the dollar weakened after European Union leaders reached an unprecedented $2 trillion stimulus package agreement. This boosted investor sentiment as the unprecedented stimulus package is likely to push real interest rates even lower, fueling a boom for non-yielding assets such as gold. A new surge in COVID-19 cases threatens to derail the ec...Read More