White Metal Resources (TSXV: WHM) announced this week that it signed an agreement to acquire a 100% interest in the Seagull Lake palladium-platinum property from its partners Rainy Mountain Royalty and Canadian International Pharma Corp.Seagull Lake is located approximately 90 kilometres north-northeast of Thunder Bay, Ontario, Canada, and consists of 133 claim cells totalling approximately 2128 h...Read More
Gold could rise to $1,310 in the next 24 hours, having generated a strong bullish cue in late NY/early Asian session. The yellow metal is currently trading at $1,304 per Oz - up 1.87 percent from the recent low of $1,280. Prices crossed $1,300 in the overnight trade confirming an upside break of the bearish broadening channel on the 4-hour chart. The bullish breakout has strengthe...Read More
* European stocks climb as oil, Brexit hopes boost market * Adidas down on warning supply chain issues to crimp sales * Inditex slides as pace of store closures surprises* Sterling recoups some losses (Updates prices, adds quotes)By Julien Ponthus and Helen ReidLONDON, March 13 (Reuters) - European shares jumped onWednesday as investors bet British lawmakers would vote toreject a disorderly no-dea...Read More
Highlights: Stocks lost ground against bonds and gold. S&P 500 rejected the important resistance range of 2800-2820. The VIX bounced over 18% as volatility came back into the equities markets. Small caps were the worst performers from a factor perspective. Low volatility was the best performing factor. Bonds, Gold, and the US dollar had strong weeks. Growth continues to slo...Read More
Gold had a rough time since February 20.The ECB did not help the yellow metal.Another in a series of higher lows could be in the cards.Levels to watch in gold.Buying gold stocks - FNV offers value.Gold has been facing lots of adversity lately. On Friday, March 1, the price of the yellow metal dropped like a stone and took out the $1300 per ounce level. Last week, gold moved lower reaching a low th...Read More
Shares in Africa-focused Gem Diamonds (LON:GEMD) took a hit on Wednesday as the miner disappointed investors by withholding its full-year dividend, citing uncertainty about the global diamond industry as one of the main reasons.The London-listed miner, which reported a sharp increase in annual profit thanks to record recoveries of large diamonds, said it had decided to strengthen its balance shee...Read More
Shares in Africa-focused Gem Diamonds (LON:GEMD) took a hit on Wednesday as the miner disappointed investors by withholding its full-year dividend, citing uncertainty about the global diamond industry as one of the main reasons.The London-listed miner, which reported a sharp increase in annual profit thanks to record recoveries of large diamonds, said it had decided to strengthen its balance shee...Read More
"Why mining investors need to pay attention to electric vehicle sales, three Canadian stocks Barclays likes, and the decade of TSX bank dominance /via @globeandmail https://t.co/T7vHNNIbMR"Read full newsRead More
"Why mining investors need to pay attention to electric vehicle sales, three Canadian stocks Barclays likes, and the decade of TSX bank dominance /via @globeandmail https://t.co/T7vHNNIbMR"Read full newsRead More
Axel Merk, President and Chief Investment Officer of Merk Investments, sponsor of the VanEck Merk Gold Trust, joins us today to discuss gold delivery.OUNZ is the only ETF to offer a patented gold delivery process.When you own gold in the VanEck Merk Gold Trust, you have a pro rata ownership in the underlying gold. So, when you take delivery, nothing happens from a tax point of view with regard to...Read More
Barrick Gold ended an $18 billion Newmont Mining hostile bid in favor of a Nevada joint venture. Barrick Gold stock rose; Newmont Mining stock fell.Read full newsRead More
Gold revisits month-start levels by nearing $1306 ahead of London open on Wednesday. Brexit and trade developments can act as near-term catalysts. $1302 and $1308 are likely immediate levels to watch. Gold trades near the highest level in two weeks, around $1306, on early Wednesday. The yellow metal crossed 50-day simple moving average (SMA) for the first time since November 2018 as latest commu...Read More
There appears to be a consensus among insiders that stocks are likely to face significant resistance at current levels. On Monday, we suggested that insiders were signalling that 1,160 would be a tough nut the crack for the INK Canadian Insider Index. We see the same dynamic playing out in US markets.Stalling insider sentiment suggests stocks may have a hard time advancing Like our Canadian-foc...Read More
Pakistan's military is taking a key role in the development of one of the world's biggest untapped copper and gold deposits, which is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms, multiple sources familiar with the situation said.The Reko Diq mine has become a test case for Prime Minister Imran Khan's ability to attract serious foreign investment to Pakistan...Read More
Pakistan's military is taking a key role in the development of one of the world's biggest untapped copper and gold deposits, which is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms, multiple sources familiar with the situation said.The Reko Diq mine has become a test case for Prime Minister Imran Khan's ability to attract serious foreign investment to Pakistan...Read More
Pakistan's military is taking a key role in the development of one of the world's biggest untapped copper and gold deposits, which is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms, multiple sources familiar with the situation said.The Reko Diq mine has become a test case for Prime Minister Imran Khan's ability to attract serious foreign investment to Pakistan...Read More
ELKO, Nev. (AP) - Barrick Gold is dropping its takeover bid for Newmont Mining, as the gold companies instead form a joint venture to combine their Nevada mining operations.Last month Barrick Gold Corp. offered to acquire Newmont Mining Corp. for about $18 billion in stock.The joint venture will include the companies' assets and reserves in Nevada. It doesn't include Barrick's Fourmile project and...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company"), is pleased to announce that further to the approval received at a Special Meeting of Shareholders held on February 22, 2019 (the "Meeting") and as described in more detail in the management information circular of the Company dated January 18, 2019 (the "Circular"), the Company's name has changed...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed lower following Boeing's (BA) slide when several countries grounded the company's 737 MAX 8 after the plane model's second fatal crash in six months. Stitch Fix (SFIX) jumped after the subscription fashion service topped analysts' earnings and sales forecast in its fisca...Read More
A summary of base metals premiums from across the globe for the week to Tuesday March 12.Fastmarkets had change the publication date its London Metal...Read More