Recent News

Chile sues BHP, Albemarle, Antofagasta over water use

April 08, 2022 /

The Chilean government of President Gabriel Boric is suing mines operated by giants BHP (ASX: BHP), Albemarle (NYSE: ALB) and Antofagasta (LON: ANTO) over alleged environmental damage caused in the northern Salar de Atacama salt flats, the world's driest place on earth.The State Defense Council's (CDE) legal action singles out BHP's Escondida, the world's largest copper mine, Antofagasta and Barri...Read More

Barrick pulls the trigger on Pueblo Viejo expansion

April 08, 2022 /

The Dominican Republic has completed a review of the location for a new tailings storage facility for Barrick Gold's (TSX: ABX; NYSE: GOLD) US$1.4 billion Pueblo Viejo gold mine expansion project that will extend production at the Tier One asset beyond 2040.The world's second-largest gold producer had warned last year that production at the mine would have to end in 2030 without a new mining waste...Read More

Mining Stock Up 37% in First Day of Trading on NYSE

April 08, 2022 /

The miner is developing the historical Homestake Mining properties in South Dakota.Dakota Gold Corp. (DC:NYSE), formerly the rather clumsily named Dakota Territory Resource Corp., was the subject of an email alert sent out before the open this morning about it and Red Cat Holdings, with the relevant parts of it reading as follows..."There's big news on 2 of our stocks. Dakota Territory Resource Co...Read More

Gold Junior Intersects High-Grade at Regnault

April 11, 2022 /

The Critical Investor sits down with Kenorland Minerals CEO Zach Flood to discuss the company's latest exploration results from its Regnault gold project in Qubec.Kenorland Minerals Ltd. (KLD:TSX.V; 3WQO:FSE) keeps expanding and finding new mineralized structures at its Regnault target, part of its Frotet project in Qubec, which is part of the 20/80 joint-venture (JV) with Sumitomo Metal Mining Co...Read More

Stronger gold prices push TSX futures higher

January 21, 2022

Futures for Canada's commodity stock index climbed on Monday driven up by firmer gold prices, with trading volumes expected to be subdued due to a U.S. holiday. The price for spot gold rose 0.2% after two sessions of losses, closing at $1819.7as the U.S. dollar weakened.The rising expectations of monetary policy tightening in the United States were the reason for bullion's gains. 2022 start...Read More

Mining stocks rise tracking gold prices

January 15, 2022

Mining companies enjoyed a boosted performance as gold prices continued to rise this week as well. This lifted Canada's main stock index on Wednesday after data showed inflation in October rose in line with the market and central bank expectations. At 9:45 a.m. ET (1445 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 23.97 points, or 0.11%, at 21,741.13. C...Read More

Will Silver Stocks Gain in 2021 on Stronger Silver Demand

January 07, 2022

Amid the COVID-19 pandemic, we saw a fall in demand for silver as supply chain disruptions crippled the industrial sector. As it accounts for roughly 60% of the global silver consumption this had a severe impact on silver demand and silver prices. Investment interest was the only supporting pillar with the metal gaining on its safe-haven demand. As businesses resumed and we started seeing signs o...Read More

Gold Stocks Underperform as Prices Dip Near Year End

January 01, 2022

After a month of trying to break through the support line of $1,800, gold continues to go sideways following the recent declines. Multiple factors are at play here, including a strengthening U.S. dollar, volatile stock prices and new variants of a mutating COVID virus, among other factors. For the time being, the biggest winners seem to be pharmaceutical stocks and cryptocurrencies, although vola...Read More

Strong gold prices are good news for Canadian gold stocks

December 28, 2021

Futures for Canada's main stock index rose this week supported by gold prices that jumped to one-week high. Awaiting Bank of Canada's interest rate decision, the dollar and U.S. Treasury yields slipping were all contributing factors to stabilizing gold prices. As markets remain volatile at the end of 2021, it will be a while before gold prices are able to gain any traction. Gold ETF edged higher...Read More

A new high for gold prices means gold may be set for best week in 2021

December 21, 2021

Gold prices rose on Friday, marking their first weekly gain in five supported by a weakened US dollar. Bullion’s safe-haven allure was also driven by inflationary risks. Spot gold rose 0.7% to $1,812.03 per ounce by 8:18 a.m. ET, on course for about a 1.6% rise this week. U.S. gold futures rose 0.9% to $1,813.30. The rise for bullion came following the Fed announcing plans t...Read More

Gold remains stable, fueling predictions for a new high

December 14, 2021

The past week, gold prices continued to pick up overall, trading roughly at $1,785. A few days later, the price reached nearly $1,815 before falling again to $1,790 on Dec 21. But by midday December 22 gold was again on the rise, and is currently trading around $1,805. A clear resistant line is forming but gold doesn’t seem to stay below it. If the trend persists, $1,800 may be the new supp...Read More

Despite year-end Slide, Gold Prices Remain in Uptrend

December 07, 2021

Gold prices dropped 4.4% in 2021 against a strengthening dollar and new economic measures to combat the fallout of the global pandemic. Interest from investors continued throughout the year largely fueled by market volatility and economic uncertainty. Gold has traditionally served as a safe haven against inflation, but that wasn't the case this year. Consumer prices soared 6.8% in the 12 months t...Read More

Stronger bullion pushes TSX futures higher

November 29, 2021

Futures for TSX registered modest gains on Wednesday on higher prices. Investors remain cautious ahead of the Federal Reserve's latest meeting amid growing concerns about a tighter U.S. monetary policy. Gold prices continue to climb as rising Omicron virus cases supported its safe-haven appeal. Gold is 0.1% higher this morning, as it is trading trading slighlty below the $1,800 level. Other...Read More

Gold and silver run into resistance lines

November 22, 2021

Gold and silver prices edged lower after a breakout on Wednesday. The US dollar continues to move lower, which provided some support for the yellow metal. However, U.S. Treasury yields declined following a softer than expected U.S. PPI figure. The wholesale price inflation numbers follow stronger than expected consumer price index data this week. Gold has struggled to break and retain above the $...Read More

Mining stocks rise tracking gold prices

November 20, 2021

Mining companies enjoyed a boosted performance as gold prices continued to rise this week as well. This lifted Canada's main stock index on Wednesday after data showed inflation in October rose in line with the market and central bank expectations. At 9:45 a.m. ET (1445 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 23.97 points, or 0.11%, at 21,741.13. C...Read More

Gold stocks set to climb on inflation fears

November 13, 2021

Gold prices have made their way to their highest level in nearly three months driven by a weaker dollar and fears over a rising U.S. inflation. An earlier dip in the price of Bitcoin saw investors pull away from cryptocurrencies as they turn to gold as a proven long-term hedge against inflation. Analysts are waiting for the metal’s performance in the short term before making any progno...Read More

Will a global carbon tax affect gold stocks in the long run

November 08, 2021

In light of recent efforts to ramp up efforts to combat climate change, governments around the world have been talking about adopting a global carbon taxation regime. While the result of such a move has many social and economic benefits, there are concerns it could slash gold miner profit margins by up to 45% unless an effort is made to reduce greenhouse gas emissions. Canada and Sweden are among...Read More

Gold prices remain stable as Dollar Shows Signs of Rebounding

November 08, 2021

Thursday’s trading session saw gold pices bounce higher and hold above trend line resistance which is now support at $1,785. A short rebound of the US dollar is seen as some to be putting downward pressure on the yellow metal. However, inflation fears remain strong and the US housing report showed that the median home price continues to rise. The activity in silver prices was similar to gol...Read More

Commodities prices strengthen, driving interest in cheap gold stocks

November 08, 2021

Gold price is approaching the $1800 mark, remaining near the highest levels in five days. Prices of the yellow metal seem to be unaffected by the record run on the Wall Street indices. Growing inflation fears amid supply disruptions and rising energy prices contributed to a weakening US Dollar, continue to benefit commodity prices. Rising oil and gold prices drove futures tracking Canada's commod...Read More

Firmer gold prices send futures up

November 08, 2021

As the market continues to recover from the pandemic, gold prices showed sings for optimist as they reached  $1770.1; which is a +0.65% GOL. Gold prices were boosted by concerns of an economic hit from soaring energy prices and a slight retreat in the dollar, as investors braced for U.S. inflation data.  At the same time, Canadian gold stocks remain undervalued, leaving plenty of o...Read More

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