Russia's largest gold producer, Polyus, on Monday reported a 20 percent jump in fourth-quarter adjusted net profit to $291 million compared with last year, lifted by increased production and rising sales of the metal.Adjusted net profit for the full year rose to $1.33 billion, Polyus said, up from $1.02 billion in 2017.Shares in Polyus were down 0.7 percent at 0828 GMT.The company also said adjust...Read More
LONDON, Feb 11 (Reuters) - Acacia Mining beat forecasts on Monday with figures for its production and costs in 2018 that lifted the gold miner back into profit, but the company is still grappling with a long-running tax dispute in Tanzania where it operates all its mines.Shares in Acacia, majority owned by Barrick Gold Corp , were steady while the rest of the market rose, finding little impetus de...Read More
LONDON, Feb 11 (Reuters) - Acacia Mining beat forecasts on Monday with figures for its production and costs in 2018 that lifted the gold miner back into profit, but the company is still grappling with a long-running tax dispute in Tanzania where it operates all its mines.Shares in Acacia, majority owned by Barrick Gold Corp , were steady while the rest of the market rose, finding little impetus de...Read More
Canada's Cameco (TSX:CCO) (NYSE:CCJ), the world's largest publicly traded uranium miner, is in no rush to resume production at its idled operations due to "ongoing challenging and uncertain" uranium market conditions.The Saskatchewan-based miner indefinitely shut last year its flagship McArthur River mine - the world's biggest - and also the Key Lake mill, which has helped the market. But while...Read More
Gold is doing its seasonal thing, up from $1,200/oz in Q4 2018 to its current price of $1,314/oz.Further, gold miners, particularly 3 Canadian developers: Pure Gold Mining, Marathon Gold, and Sabina Gold and Silver have outperformed not only gold but the mining ETFs, GDX and GDXJ, ytd.The outperformance of the aforementioned Canadian developers are worth tracking as they could be signaling that in...Read More
"Uber's Secret Gold Mine: How Uber Eats Is Turning Into A Billion-Dollar Business To Rival Grubhub https://t.co/0pmF3clq00"Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, was a fairly quiet week for the Index. It did try to break through the 1127-1130 level but was turned back three times before closing down a nominal 2.5 points at 1118.27. MACD rose 1.8 points to 1.14. RSI pulled back 8.1 points to 65.63.Support is at 1101 (20-day moving avera...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) (the "Company" or "IsoEnergy") is pleased to announce that it has intersected an interval of strong (>20,000 total cps on an RS-125 hand-held spectrometer) uranium mineralization at the Hurricane zone in the first follow-up drill hole (LE19-06) completed along-strike of last summer's intersection in drill hole LE18-01A. The Hurricane z...Read More
On this edition of Weekly with Andrew McCreath, he takes a lookahead to some big market trends, including a busy week of earnings here in Canada headlined by the gold companies and the lifecos.Read full newsRead More
On this edition of Weekly with Andrew McCreath, he takes a lookahead to some big market trends, including a busy week of earnings here in Canada headlined by the gold companies and the lifecos.Read full newsRead More
As the deadline looms to come up with a plan to save the U.S. from another partial government shutdown, the White House signaled that the possibility of a closure was still "on the table" while a stall in negotiations was reported over the weekend. Mick Mulvaney, acting White House chief of staff, said on Fox News Sunday that a "government shutdown is technically still on the table -- we do not...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 8 that are worth another look.The United States' Section 232 tariffs are costing ArcelorMittal SA's Canadian operations some $100 million per quarter, company executives said during an earnings call on Friday February 8. Aluminium producer UC Rusal's profits from aluminium sales in the fourth quarter of 2018 were&nb...Read More
Steel billet prices in most of the world's major markets maintained their upward momentum during the week ended Friday February 8, with ferrous scrap becoming increasingly costlier.Fastmarkets' daily index for Northern Europe-origin heavy melting scrap 1&2 (80:20) was $319.28 per tonne cfr Turkey on February 7, up $21.89 per tonne from $297.39 per tonne cfr on February 1.No updates were heard from...Read More
Steel billet prices in most of the world's major markets maintained their upward momentum during the week ended Friday February 8, with ferrous scrap becoming increasingly costlier.Fastmarkets' daily index for Northern Europe-origin heavy melting scrap 1&2 (80:20) was $319.28 per tonne cfr Turkey on February 7, up $21.89 per tonne from $297.39 per tonne cfr on February 1.No updates were heard from...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 8 that are worth another look.The United States' Section 232 tariffs are costing ArcelorMittal SA's Canadian operations some $100 million per quarter, company executives said during an earnings call on Friday February 8. Aluminium producer UC Rusal's profits from aluminium sales in the fourth quarter of 2018 were&nb...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 8 that are worth another look.The United States' Section 232 tariffs are costing ArcelorMittal SA's Canadian operations some $100 million per quarter, company executives said during an earnings call on Friday February 8. Aluminium producer UC Rusal's profits from aluminium sales in the fourth quarter of 2018 were&nb...Read More
Gold stocks' young upleg is gathering steam, marching steadily to higher lows and higher highs. These bullish technicals are gradually improving sentiment, fueling mounting interest in this contrarian sector. That's helping the gold stocks regain lost ground relative to gold, the driver of their profits. Fundamentals are growing more favorable as gold itself powers higher. All this portend...Read More
Have you considered investing in a gold miner recently?Barrick Gold (TSX:ABX)(NYSE:ABX) became the largest gold miner on the planet following its recent merger with Randgold, transforming what was already an enviable portfolio of mines and one of the most efficient miners in the business into a powerhouse miner that owns half of the top 10 performing mines on the planet, and a portfolio of over o...Read More
One of the breakout marijuana stocks of the TSX index this week, and possibly one of the most exciting tickers in the legal weed space at the moment, The Supreme Cannabis Company (TSX:FIRE) is up 3.27% in the last five days with a 104.3% expected annual growth in earnings on the way.Let's take a brief look at a few other pieces of data for this hot weed stock before seeing how it compares with two...Read More
It might sound like the name of a game show, but "opportunity or trap" is a game investors play every time an undervalued stock shows up on the radar. Sometimes a stock is on a dip, and its quality stats and otherwise upward trend suggest an opportunity; at other times, the stock can turn out to be a falling knife with perpetual downward momentum. So which of these categories do the following unde...Read More