Cobalt 27 has settled an insurance claim against 76 tonnes of cobalt stolen in July from a warehouse for $40.85 per lb. The settlement totals $6.8 million and is based on the high of the high-grade cobalt price assessed by Fastmarkets MB on Wednesday July 4, the company said late on Tuesday November 13. High-grade cobalt prices were last...Read More
Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.6% on Tuesday November 13.Nickel and lead prices led with gains of 0.9%, while copper prices were up by 0.5% at $6,075 per tonne.Volume has been average with 5,328 lots traded as of 06:29am London time.Precious metals were up by an average of 0.4%, although spot gold prices lagged with a mere 0....Read More
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Junior gold miner Continental Gold (TSX:CNL), which is developing the Buritica project in northwestern Colombia, has been roughly handled by the market in the wake of an attack on its employees in late September 2018, which saw three tragically murdered. The miner has seen its stock plummet by over 40% for the year to date because of growing market fears that the degree of geopolitical risk in Col...Read More
When a stock that was tumbling like there's no tomorrow opens almost 45% higher one day, you know there's a big story playing out there. Investors in the beleaguered silver mining company, Tahoe Resources Inc. (TSX:THO)(NYSE:TAHO) woke up this morning to a similar experience: The stock's up a staggering 46% to $4.20 as of the time of writing. Thank bigger rival Pan American Silver Corp. (TSX:PAAS...Read More
Gold has once again pulled back sharply in recent weeks to be trading at around US$1,200 an ounce, which sees it down by around 9% for the year to date. Many gold miners have declined in value as the yellow metal's price weakened to see the Van Eck vectors Junior Gold Miners ETF down by 25% over the same period. One junior gold miner that has bucked that trend is Lundin Gold Inc. (TSX:LUG), which...Read More
Speaking at the Technology and Low Emission Minerals Conference in Perth, Bannerman chief executive officer Brandon Munro presented his company's strategy to take advantage of the early stages of a uranium bull market.He outlined the key factors investors need to look for to catch easy asymmetrical value at the beginning of a boom, noting the importance of a project's strategic appeal to sovereign...Read More
Escobal Mine in Guatemala. Source: Tahoe Resources Inc.Pan American Silver Corp. [PAAS-TSX, NASDAQ] said Wednesday November 14 that it has agreed to acquire Tahoe Resources Inc. [THO-TSX, NYSE] in a US$1 billion transaction that will create the world's largest premier silver mining company.Under the agreement, shareholders of Tahoe can elect to receive US$3.40 in cash or 0.2403 Pan American commo...Read More
One of the exploration drill rigs targeting Kamoa-Kakula-style copper mineralization at Makoko on Ivanhoe's 100% owned Western Foreland exploration licences.Ivanhoe Mines Ltd. [IVN-TSX; IVPAF-OTC] said Wednesday November 14 that the latest drilling results have expanded its Kamoa North copper discovery in the Democratic Republic of Congo.Ivanhoe shares rallied on the news, rising 4.44% or 11 cents...Read More
VANCOUVER - Pan American Silver Corp. has signed a deal to acquire Tahoe Resources Inc. in a stock-and-cash deal it valued at more than US$1 billion.Under the friendly agreement, Tahoe shareholders will receive US$3.40 in cash or 0.2403 Pan American shares for each Tahoe share. The maximum cash available under the offer is US$275 million and there are 56 million Pan American shares available.Taho...Read More
It was the dark of the moon on the sixth of June in a Toyota with no fumes.Add a Nikola Tre with a reefer on and a Hyundai haulin' hogs.Wait a minute... no fumes?In 2016, medium and heavy-duty trucks accounted for 23% of transportation-related greenhouse gas emissions in the United States.That's more emissions than trains, planes, ships, and light trucks.Only passenger cars accounted for more.In f...Read More
Compa??ia de Minas Buenaventura S.A.A. (NYSE: BVN; LM: BUE) is Peru's largest, publicly traded, precious and base metals Company, and a major holder of mining rights in Peru. The Company currently operates several mines in Peru and is engaged in the exploration, mining development, processing and trade of gold, silver and other base metals, via wholly-owned mines and through its participation in j...Read More
CloseGain/LossGold $1211.90+$10.20Silver$14.15+$0.16XAU63.53+2.74%HUI143.45+3.61%GDM522.86+1.78%JSE Gold1080.74-2.00USD96.92-0.27Euro113.20+0.31Yen88.15+0.29Oil$56.25+$0.5610-Year3.122%-0.018T-Bond138.96875+0.375Dow25080.50-0.81%Nasdaq7136.39-0.90%S&P2701.58-0.76% The Metals: Gold traded mostly higher in Asia before it dropped back to $1197.80 in London, but it then shot...Read More
By Peter Schiff, Chief Economist and Global Strategist Euro Pacific Capital Currently, some market watchers have begun to openly question whether the bull market in stocks has finally come to an end. They certainly have cause to worry. Valuations are frothy after a record run-up in the last few years. Bond yields across the yield curve are rising sharply, as the Fed Funds Rate breaks into terr...Read More
By Ira EpsteinGold responds to crude oil being lost by day's end. Is there another leg down in oil coming?https://www.iraepstein.com/ Read More
By Craig HemkeIt may not be enough to reverse the momentum or flip the downtrend, but another Spec short squeeze is coming. Of that, you can be certain. And how do we know this? Because the COMEX is a rigged casino! The market-making Banks have monopolistic control of the proceedings, and this grants them almost unlimited power to rig results in their favor. To the point, Speculators (primarily...Read More
Vancouver, BC / Newswire / November 14, 2018 / Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), "Golden Arrow" or the "Company".I would like to update our investors, that Golden Arrow is currently on track to deliver exceptional growth in value for our shareholders. Despite the current softness in the mining markets, our Company has been busy executing on a strategy that...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
Back in 2104 oil was falling and hundreds of billions of dollars of energy junk bonds and leveraged loans looked to be at risk. Wolf Street had this to say at the time:Oil and Gas Bloodbath Spreads to Junk Bonds, Leveraged Loans. Defaults NextThe price of oil has plunged nearly 40% since June to $65.63, and junk bonds in the US energy sector are getting hammered, after a phenomenal boom that pea...Read More