For the recent retiree, growth stocks can be something of a mixed bag. A lot of it comes down to risk appetite, of course. Those speculative plays that felt fairly low key a few years ago are becoming less appealing. But the markets are also changing rapidly. While this means that some high-risk areas have lost momentum, growth is now cropping up in some unusual places. Let’s examine a few o...Read More
Gold has pulled back from its record highs.Where we go next is anyone’s guess, but investors who missed the big rally this year might want to consider buying the latest dip to get exposure for their RRSP or TFSA portfolios.Gold price momentumGold started 2020 near US$1,525 per ounce. It hit a record closing high of US$2,069 on August 6, but slipped back below US$1,925 by early last week. Pro...Read More
Aftermath had said on Thursday Sprott had agreed to invest $5.3 million in its $12.5 million placement priced at 65c per share, which would give him 19.9%.A day later, Aftermath said it was increasing the placement to $15.6 million and said Sprott would also increase his investment, in order to hold 19.9% of the issued and outstanding shares post-closing.He had held 16.2% at July 13, according to...Read More
Swick Mining founder and managing director Kent Swick said on the company's FY2020 results conference call it was keen to move the mooted demerger forward, given Orexplore's value wasn't beingRead More
Share this articleAuryn Resources Inc. [AUG-TSX, NYSE American] said Monday August 31 that it has arranged for a bought deal private placement that is expected to raise $22.5 million from the sale of 7.5 million subscription receipts of the company.The subscription receipts will be exchanged for common shares of Auryn concurrently with the completion of Auryn's recently announced plan to acquire E...Read More
No. It isn't.That's crazy.I hopped in an Uber last week and got to talking to the driver, as I so often do. We were talking about the coronavirus pandemic and how it has affected financial markets when he said, "Let me ask you this: Do you think the government is using the coronavirus to justify a coin shortage so they can push a cashless society onto us?"I couldn't help myself - I laughed out lou...Read More
We learned from Steven Turner, Managing Director of Rafaella Resources Limited (ASX:RFR), that they are focused on fast-tracking their wholly-owned Santa Comba tungsten project and are targeting cash flows in 1H 2021. Santa Comba is a past producer, with a well understood resource, great infrastructure, close to deep water ports, which makes the cost of getting back into production quick and very...Read More
Michael Ballanger interprets the motives of the Federal Reserve and their impacts on the "haves" and "have nots" in America and beyond. This week, the financial community around the globe was handed a "new approach" by the Federal Reserve Board of the United States that essentially flipped the middle finger at savers, senior citizens on limited pensions and proponents of sound money principles. B...Read More
Troilus, HighGold, and Revival Gold are drilling great discoveries and offer significant low-risk upside through splashy drill results, growing resources, and initial mine plans, writes Resource Maven Gwen Preston. The gold bull market has arrived. And strong gold markets give investors the opportunity to make great returns without taking on much risk. Here I'll explain why and outline three stoc...Read More
As part of the deal, Liberty Gold will retain a 2% net smelter return royalty on the asset. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release it signed a definitive agreement to sell its Baxter Spring gold project in central Nevada to BlueBird Battery Metals. For the asset, BlueBird is to pay Liberty Gold US$500,000 in cash in two tranches, half on the transaction closing date...Read More
To start, Golden Arrow Resources plans a 500-meter diamond drill program. Tierra Dorada quartz boulderGolden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) started drilling at its Tierra Dorada gold project in Paraguay, it announced in a news release.With its 500-meter diamond drill campaign, the Vancouver-based explorer will test the Alvaro target area, which is located in the southern...Read More
Defense Metals reported that the Saskatchewan government will provide CA$31 million in funding for the province's first rare earth element processing facility. In a news release, Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) reported that the government of Saskatchewan "announced CA$31 million in funding for a Rare Earth Element (REE) Processing Facility in Saskatchewan." The company st...Read More
"...markets naturally flow then ebb, taking two steps forward before retreating one step back. Their price action gradually meanders around..."by Adam Hamilton of Zeal LLCThe silver miners' stocks have had a roller-coaster ride of a year, getting sucked into March's stock panic before skyrocketing out in a massive upleg. While much-higher prevailing silver prices radically improve silver-stock f...Read More
If silver can close above $28.50 the last day of August, it will set up a much more positive technical move for the metal to continue towards... by Steve St Angelo of SRSrocco ReportThe market will finally realize that silver is a better investment when the world's financial bubbles start popping everywhere. This will cause the silver price to reach levels that will make the past $50 record see...Read More
RAPAPORT... The World Federation of Diamond Bourses (WFDB) has named Kim Pelletier as CEO of its Get Diamonds trading platform, it said Monday.Pelletier is a former vice president for sales and marketing at diamond-trading site Polygon. She was most recently president of IGC Jewelry & Diamonds, has served as vice president of Hearts On Fire, Memoire and John Hardy, and was a field directo...Read More
RAPAPORT... The organizers of Swiss gem and jewelry show GemGen??ve have canceled this year's event as travel restrictions and health precautions have made it too challenging.The coronavirus "has made it impossible for GemGen??ve to be the interactive experience that we intend it to be," the group said Sunday.GemGen??ve will fully reimburse all exhibitors who signed up for the fair, which was due...Read More
(IDEX Online) - Troubled Petra Diamonds has yet to receive any offers from potential buyers as its debts mounts and revenue slumps.The UK-listed miner launched a formal sales process in June to sell the company either as a whole or in parts.Petra, founded by Adonis Pouroulis in 1997, bought the famous Cullinan mine, in South Africa, and other deposits deemed unprofitable by De Beers, including the...Read More
(IDEX Online) - Ultra-rare pink diamonds from the soon-to-close Argyle mine are expected to fetch $750,000 at auction in Australia.Rio Tinto's closure of the famed deposit in in Western Australia after 37 years is likely to boost demand and prices."This pink diamond is beyond rare and is in extremely high demand world-wide so we feel very privileged to see one a year but to have a few in the...Read More
(IDEX Online) - Tiffany & Co has reported encouraging signs of a recovery, with a rise in monthly worldwide net sales from May to July, despite the COVID-19 pandemic. Retail sales in mainland China picked up in April and increased about 90 per cent in May, said the luxury jeweler in an earnings statement, and online sales more than doubled. "Increased sales in mainland China and global...Read More
(IDEX Online) - The GIA could close its Antwerp lab with the loss of 51 jobs in the wake of coronavirus pandemic.Trades union bosses fear the premises in the Belgian city could become nothing more than a drop-off point for stones to be sent abroad."Apparently, over the past few months, they immediately forwarded incoming diamonds to the United States," Yves Toutenel, of ACV Transcom told the Provi...Read More