Comex copper prices traded at a one-week high Monday morning in the United States following a wave of positive Chinese manufacturing data. Copper for May settlement on the Comex division of the New York Mercantile Exchange gained 2.15 cents - or 0.7% - to $3.0470 per lb. China's Caixin manufacturing purchasing managers' index (PMI) for March came in at 51 on Monday, which was below an expecte...Read More
European antimony prices weakened further last week after material continued to flow into warehouses in Rotterdam while demand remained muted. The Chinese market followed suit with domestic prices there also coming under pressure from feeble demand.Metal Bulletin assessed the MMTA standard grade II antimony in-warehouse Rotterdam price at $8,500-8,660 per tonne on Wednesday March 28, down by 0.1%...Read More
Vancouver-based Inomin Mines (TSX.V: MINE) announced today that, subject to TSXV acceptance, it will be acquiring a 100% interest in the Fleetwood zinc-copper-silver-gold property for $10,000 and 200,000 shares to CanAlaska Uranium (TSX.V: CVV).In a press release, the company explained that the 420-hectare property, located in the New Westminster Mining Division of southwestern British Columbia, h...Read More
Lithoquest Diamonds (TSX-V: LDI) could not be happier for having just recovered one grey and two yellow micro-diamonds from the +0.1 mm to -0.3 mm size fraction at its North Kimberley Diamond Project, located in the northern region of Western Australia.The gems were unearthed at target 0702 in the 1,000-square-kilometre property and recovered from a 10.06-kilogram rock sample submitted for kimberl...Read More
Despite the fact that, through the enactment of new laws and regulations, local governments in Sub-Saharan Africa are starting to claim a larger share of their countries' mineral resource wealth, BMI Research believes that investments in the region will continue to rise in Q3-2018.In an industry overview published today, BMI presents the recent changes to the Democratic Republic of Congo's mining...Read More
The Chief Executive Officer of Chilean state copper company Codelco, Nelson Pizarro, confirmed rumours this weekend that he would stay on at the company's helm even after the country's new President, Sebastian Pi??era, appoints a new chairman and three directors in May.The mining veteran, who took the post in 2014, has played a critical role in the drive to reduce spending and force a reduction in...Read More
Chile is pushing power companies to phase out coal plants following a government announcement earlier this year that the country wouldn't build coal-fired power plants unless they were equipped with carbon capture and storage (CCS).The decision, part of a wider national plan to transition to cleaner energy sources, has already claimed some victims, with French power company Engie SA announcing la...Read More
Obsidian Energy Ltd. (TSX:OBE), an oil and gas stock, moved higher after announcing that it is exploring the sale of its Alberta Viking and Peace River assetsSean Mason | April 2, 2018 | SmallCapPowerPossible asset sales pumped up a Canadian oil and gas stock Monday. Here's some small stocks making big moves on Monday, April 2, 2018 (as of 4 pm EST):Obsidian Energy Ltd. (TSX:OBE), an oil and g...Read More
The Canadian tech stocks on our list have industry-low EV/EBITDA multiplesSmallCapPower | April 2, 2018: U.S. tech stocks have dropped 6% over the past month, driven primarily by the Cambridge Analytica controversy and self-driving car crashes. Currently, the Dow Jones U.S. Technology Index is down 1% since the start of the year, while the S&P/TSX Capped Information Technology Index is up 8% o...Read More
Oil price shows signs of recovery yet many Canadian oil and gas stocks continue to be weakThis Content is Exclusive to Our MembersLogin belowRegisterLost your password?The Ubika Energy 20 Index declined 7.8% since our last report dated January 29, 2018, underperforming its benchmarks, WTI oil and the TSX/S&P Energy Index, which decreased 0.9% and 7.6%, respectively, over the same period. Notab...Read More
Anaconda Mining Inc. (TSX: ANX) is a gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, and is currently focused on developing the recently acquired, high-grade Goldboro Project in Nova Scotia. We learned...Read More
Firesteel Resources Inc.(TSX.V:FTR) is a junior mining company, engaged in the acquisition and exploration of prospective precious and base metal properties in Finland and Canada. It is the owner of a 100% interest in the past producing Laiva Gold Mine near Raahe in Finland and holds a 49% interest in the Star Property, a highly prospective property in British Colombia and JV with Prosper Gold. We...Read More
David Stockman, director of the Office of Management of Budget under President Reagan and mas -ter of mazy budgetary arithmetic, joins Jim and Evan for a scintillating discussion of fiscal and monetary matters.0:00 The Simpsons foreshadowing3:20 Deficits and debt monetization. What's the harm?9:01 Requiem for a bond bull market15:30 Sell what the central banks are sellingJames "Jim" Grant is an Am...Read More
Osisko Metals Inc. (TSX-V: OM; FRANKFURT: OB5) is a Canadian exploration and development company creating value in the base metal space, with an emphasis on zinc. We learned from Jeff Hussey, President and CEO of Osisko Metals, that they control two premiere Canadian past-producing zinc camps, known as the Pine Point Mining Camp and the Bathurst Mining Camp. Plans for 2018 include aggressive explo...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
While apparently waiting for a taxi, or to be seated for lunch, Larry King was accosted by TMZ in a discussion which eventually ledContinue...Read More
The U.S. government is getting so desperate for cash that it has begun selling its strategic petroleum reserves. Sadly, it appears those profligateContinue...Read More
Regardless of the merits or demerits of the Amazon business model, prosecutors could bring a case against "bigness" per se as an example to the rest ofContinue...Read More
Ian Khama, a former army general who’s led Botswana for the past decade, will step down on Sunday, leaving his deputy Mokgweetsi Masisi in charge of the world’s second-biggest diamond producer until next year’s elections.While Masisi, 55, will inherit one of Africa’s wealthiest and best-governed nations, he’ll still have his hands full reducing the economy’s dep...Read More
RAPAPORT... Sotheby's Magnificent Jewels spring sale in New York willfeature a 33.25-carat, D-flawless diamond pendant necklace with a high estimateof $5 million, the auction house said last week. The event - one of three New York sales Sotheby's will hold thismonth - will also include an array of colored-diamond jewelry. A 7.01-carat,fancy intense pink, SI2-clarity diamond ring is expected to go...Read More