Canadian gold stocks after the end of the Great Recession were under significant pressure, as the price of gold nosedived. The yellow metal has been one of the few assets to have performed strongly since the start of 2020. Some analysts are tipping that gold could soar to as high as US$3,000 an ounce. This optimistic outlook is a boon for gold miners, despite the operational impact of the cor...Read More
There’s an interesting relationship between gold and oil prices. According to Market Realist, which provides institutional-quality market research, more than 60% of the time, gold and crude oil have a direct relationship.This means that when gold prices rise, crude oil prices also tend to rise, and vice versa.Right now, there’s a big disconnect between gold and oil prices. The gold pri...Read More
Aerial view of the Kiena mine complex in the Province of Quebec. Photo Credit: Wesdome Gold Mines.Wesdome Gold Mines (TSX: WDO) has released a preliminary economic assessment (PEA) for its wholly-owned Kiena mine complex, about 15 km northwest of Val-d'Or and 100 km east of Rouyn-Noranda in Quebec.The PEA estimated a mine life of eight years producing an average of 85,931 oz. of gold annually at...Read More
Endeavour's flagship Hound?(C) mine in Burkina Faso. (Image courtesy of Endeavour Mining) Endeavour Mining (TSX:EDV) shareholders on Thursday voted overwhelmingly in favour of the previously announced acquisition of fellow Canadian gold miner Semafo (TSX: SMF) in a deal worth C$1 billion.Pursuant to the agreement, Endeavour will indirectly acquire all Semafo common shares on the basis of 0.1422...Read More
Gualcamayo mine, Argentina. Image courtesy of Image courtesy of Image courtesy of The Northern Miner. Yamana Gold (TSX: YRI; NYSE: AUY) has completed its previously arranged sale of a portfolio of royalty interests to Nomad Royalty Company for total consideration of $65 million.The sale agreement also includes the contingent payment to be received upon declaration of commercial production at the...Read More
El Cubo project. (Image courtesy of Endeavour Silver.) Canada's Endeavour Silver (TSX: EDR) (NYSE: EXK) has resumed operations at its three underground silver-gold mines in Mexico, following approvals from the country's health authorities.The Vancouver-based silver producer noted its mines and plants were ramping up to achieve normal operations. It also said exploration crews would restart ma...Read More
The Jean Marie project is located 180 kilometres north of the city of Prince George, pictured here. (Image by Eurydemus, Wikimedia Commons). Pacific Empire Minerals (TSXV: PEMC) announced it has entered into an option agreement to acquire a 100% interest in the Jean Marie project in central British Columbia, Canada.To become the sole owner of Jean Marie, Pacific Empire has to make a total cash pa...Read More
Bob Moriarty ArchivesMay 28, 2020When all the stock markets in the world collapsed in mid-March they dragged down all of the metals as margin clerks made investors dump everything they could to meet margin calls. That took the metals and mining shares down in an instant to the horror of investors. I smiled. Ipredicted it on February 27 and I was ready.Much to even my great surprise, silver literal...Read More
"London is the right location," Bell said in a note on Wednesday, pointing to the lack of large scale, listed precious metals businesses "and the city's familiarity with more "challenging" jurisdictions".However, Bell told readers: "Don't assume "Randgold 2.0"."Randgold Resources traded at a +30% premium to immediate peers prior to its merger with Barrick so some may extrapolate this to AngloGold....Read More
Minas Gerais Public Prosecutor (MPMG) said in a translated statement the injunction represented the highest amount ever recognised in a lawsuit of this nature in Brazil.The judge's decision had been made without the miner's prior knowledge, Vale (BZ: VALE3) said in a statement yesterday.It understood the lawsuit alleged Vale had, through its employees' actions, hindered the inspection activities o...Read More
Share this articleGreat Atlantic Resources Corp. [TSXV:GR] is pleased to announce it has begun the 2020 exploration program at its Golden Promise Gold Property, located in the central Newfoundland gold belt. Exploration will be conducted this year in numerous regions of the property focusing on areas of gold bearing quartz veins and quartz vein float and areas of gold soil geochemical anomalies. E...Read More
We learned from Interview with Kargl-Simard, President, CEO and Director of Adventus Mining Corporation (TSX-V: ADZN; OTCQX: ADVZF), that they are an exploration and development company, focused on building a copper-gold business in Ecuador. Adventus Mining is run by an all-Ecuadorian team, has one of Ecuador's largest and most respected private organizations - Nobis Group of Ecuador - as one of i...Read More
Those who got in early on the cannabis boom, buying shares of some of these cannabis companies while many were still just penny stocks, made a lot of money.I'm talking about companies such as: Canopy Growth Corporation (NYSE: CGC) (TSX: WEED), Aphria, Inc. (NYSE: APHA (TSX: APHA), Aurora Cannabis (NYSE: ACB) (TSX: ACB), Curaleaf (CSE: CURA) (OTCBB: CURLF), and Cronos Group (NASDAQ: CRON) (TSX: CRO...Read More
Two weeks ago, I lost another friend to addiction.This is the second one this year.The first was a friend of mine who was a heroin addict and overdosed, after being clean for more than a year.The second, and most recent, was Nick, who I've known for about 20 years. We're still waiting on the toxicology report to find out what happened, but I'm certain prescription opioids were involved, as I know...Read More
By: Ira EpsteinFirst week of June a big week in US, many places re-opening. Lay-offs a big threat still and as the largest employers, and oh boy, there are going to be problems.Gold is acting very good..Read More
It's no surprise to most investors that the Fed is propping up the stock market. However, if we compare the Dow Jones Index versus the continued unemployment claims, something seriously wrong is going on. According to the St. Louis Federal Reserve, continued unemployment claims are nearly four times higher than the peak reached in June 2009. When the continued unemployment claims reached a...Read More
Money manager Adrian Day reviews developments, both positive and not-so-positive, at several companies in his portfolio and he finds that some are cheap enough to buy. Loews Corp. (L:NYSE, 31.19) is having a rough time, with several of its holdings severely hit by not only Covid restrictions but by broader market conditions as well. Its struggling, majority-owned Diamond Offshore succumbed to wea...Read More
Once the deal for the final 20% closes, Aftermath Silver will begin exploration there. Aftermath Silver Ltd.(AAG:TSX.V) announced in a news release it agreed to acquire from SSR Mining its 20% interest in the Cachinal silver-gold project, for a total consideration of CA$700,000.This deal will take Vancouver, British Columbia-based Aftermath Silver's ownership of Minera Cachinal shares to 99.9%; M...Read More
Newrange Gold Corp. reported that it will begin drilling this week at its Pamlico Gold project in Nevada. In a news release, Vancouver-based precious metals exploration and development company Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced that it has lined up a drilling contractor to commence operations on May 28 at its Pamlico Gold Project in Nevada. The firm indicated that it has already...Read More