The US stock-market action last quarter was dumbfounding. Big US stocks rocketed higher despite this global pandemic ravaging the US economy, which collapsed by a third in annualized terms! That makes understanding their fundamentals more important than ever. The winding-down Q2'20 earnings season reveals whether those massive stock-price gains were actually justified by underlying corporate...Read More
The Golden Highway project, 110 km east of Timmins, Ontario. (Credit: Moneta Porcupine) The most recent five drill holes (and one re-drill hole) reported from Moneta Porcupine's Golden Highway project, 110 km east of Timmins, extend the mineralization at the 55 deposit by up to 250 metres west and 150 metres east of the current resource boundaries.Drill highlights include 9 metres of 2.2 g/t go...Read More
The Santander mine is located approximately 215 km northeast of Lima. (Image courtesy of Trevali Mining.) Trevali (TSX: TV) is accelerating its business improvement program targeting the overall reduction in all-in sustaining costs (AISC) to $0.90/lb by 2021, a year earlier than originally planned. Of the original target of $50 million in annualized sustainable efficiencies, the program is fo...Read More
Over the past decade, the development of the Pebble mine has come under intense scrutiny in Alaska due to its potential environmental impact. (Credit: Wikimedia Commons/AlaskaTrekker) Northern Dynasty Minerals' (TSX: NDM) US-based subsidiary Pebble Limited Partnership is welcoming a pending White House review of its controversial copper-gold project and the Final Environmental Impact Statement (E...Read More
Stock image. Management appointments announced this week include:Carmen Amezquita has been named CFO of Amerigo Resources.Barrick Gold has announced appointments to its exploration team: Aoife McGrath has been named VP of exploration for Africa and Middle East and Leandro Sastre is now VP of exploration for Latin America and Asia Pacific.Anthony Paterson has been appointed CEO and preside...Read More
MINING.COM MINUTE is a roundup of the biggest stories from the global mining and metals industry.This week's top stories:- Glencore posts $2.6 billion loss, scraps dividend - Read more- Gold price breaks new record - Read more- Barrick, Skeena reach final deal on Eskay Creek project - Read more- Peabody biggest loss follows writedown of top US coal mine - Read moreClick here for last week's rou...Read More
The US stock-market action last quarter was dumbfounding. Big US stocks rocketed higher despite this global pandemic ravaging the US economy, which collapsed by a third in annualized terms! That makes understanding their fundamentals more important than ever. The winding-down Q2'20 earnings season reveals whether those massive stock-price gains were actually justified by underlying corporate...Read More
Bob Moriarty ArchivesAug 7, 2020Anaconda has started to get some appreciation from the market after being ignored for the past few years as their shares were on the bargain bin table. They keep on announcing results that would double the shares overnight with any other producer. They need to get production over 100,000 ounces a year to get some respect and they are getting closer.Meanwhile their p...Read More
The company has received commitments from undisclosed investors for $50 million in new shares priced at 24c each, with a share purchase plan to be initiated for another $5 million.Read More
Week 30 (31/07/2020-06/08/2020) Company news Americas Cameco plans to restart the Cigar Lake uranium mine in northern Saskatchewan in September.Read More
It was a perfect summer day - 80 degrees, mostly sunny, and a light breeze blowing across the water.Baltimore's Inner Harbor should have been bustling with tourists and employees of local businesses. Joggers and bikers should have been crowding the sidewalks. Panhandlers should have been asking me for money. Car horns should have been blaring in the distance. And there should have been guys on the...Read More
Peter Epstein of Epstein Research provides his investment thesis for this company that just confirmed high-grade mineralization at its past-producing mine. Spitfire-Sunny Boy ClaimsFalcon Gold Corp. (FG:TSX.V; FGLDF:OTCQB) announced channel sample results confirming high-grade gold mineralization on the past-producing Master Vein of its Spitfire-Sunny Boy ("S-SB") project near Merritt, B.C. The s...Read More
Now, I have not gone raving silver bug on you. The title says “silver bull” because that is what silver is in, a bull market by definition of having taken out the 2016 high of 21.23. We targeted that point as a cyclical bull market gateway, silver cut through it like a knife through warm butter… and there you have it. A key higher high. I don’t apologize for any of the abo...Read More
This inflation-adjusted silver chart (frommacrotrends.net) tells an interesting story:The levelaround $18 appears to have been very critical, especially since it is the 1920and 1968 inflation adjusted high. It was an important level to cross on theway to the 1980 high, evidenced by the fact that it came back to that level(after it blast through in Dec 1973) before setting off to that all-time high...Read More
First, we want to say “It took long enough!” and we’re happy to see this upside move in Natural Gas. We had been calling this move for many months. Our predictive modeling systems and cycle systems suggested the extended bottoming formation in Natural Gas was an excellent opportunity for skilled technical traders. Today’s big move suggests the downside pri...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesAnglo American operated Collahuasi saw a 26.8% increase to 323,000t while the BHP-operated Escondida mine posted a 5.1% increase to 599,000t and state copper company Codelco saw output increase 3.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesOk Tedi says these are the first positive cases recorded in Tabubil, and occurred despite the mine implementing a shutdown of all charter flights into and from Tabubil on July 28.Of the seven cases, only one person has exhibited flu like symptoms. The other six people are currently asymptomatic. All seven cases are in isolation at...Read More
Biogen (BIIB), a NASDAQ 100 stock moved above $404.20 setting an intermediate uptrend. Dollarama (DOL) , a TSX 60 stock moved above $50.10 extending an intermediate uptrend. Pre-opening Comments for Friday August 7thU.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. Index futures moved higher following release of the July Employmen...Read More
Pretium Resources' (TSX: PVG; NYSE: PVG) Brucejack underground mine, 65 km north of Stewart, B.C., produced 90,419 oz. gold in the second quarter, close to the previous year's figure of 90,761 oz., in spite of the Covid-19 pandemic.The company, which has not seen any significant interruptions so far from the pandemic, reiterated its production guidance issued in February of 325,000-365,000 oz. gol...Read More
Australian iron ore major Fortescue Metals Group (ASX: FMG) said today it would reevaluate an expansion plan at one of its iron ore mines in the Pilbara region, after an Indigenous group said the project threatened sacred sites, including a 60,000-year-old rock shelter.Fortescue's decision comes after fellow miner Rio Tinto (NYSE: RIO; LSE: RIO), the number one iron ore producer, blew up a 46,000-...Read More