A volatile market is a scary market — and today’s market is the stuff of nightmares. Stocks reached all-time highs almost across the board, so it was almost a guarantee that we would see at least some sort of major dip. Then came coronavirus, and the market crash that followed.While there’s a lot of advice floating around concerning what to do with your stocks, it doesn’t a...Read More
The market crash has crushed countless portfolios. But not every stock is feeling the same pain.Gold, for example, is traditionally a safe-haven asset. Throughout history, gold has often risen in value during a bear market. Mining companies that produce gold, therefore, could see their profits rise as well.Yet it’s not as simple as buying gold stocks. Many mining companies are riddled with d...Read More
Medical supply delivery to North Bay hospital Credit: Redpath In response to the covid-19 pandemic, North Bay headquartered Redpath Canada has donated 19,000 pairs of disposable medical gloves to the North Bay Regional Health Centre (NBRHC), a covid-19 assessment centre.The virus response, together with ongoing medical needs, places additional strain on personnel, inventory and supply chain...Read More
Rockcliff Metals team outside of the Bucko mill (Credit: Rockcliff) Rockcliff Metals has released an updated resource for its wholly owned Rail deposit in Manitoba, with both the total resource tonnes and contained copper-equivalent metal at the 20-sq.-km property more than doubling.Indicated resources have increased to 1.17 million tonnes at 3.52% copper-equivalent for a total of 90.7 million l...Read More
La Ronge in northern Saskatchewan. Photo by Town of La Ronge. Exploration drilling at Murchison Minerals' Brabant Lake property, 175 km northeast of La Ronge in Canada's Saskatchewan province, intersected high-grade copper and zinc mineralization 10 km to the southwest of the company's Brabant-Mckenzie deposit.A drill hole completed at the Main Lake target, situated within the same formation as...Read More
Escondida mine, Chile. (Image courtesy of Municipalidad Antofagasta | Flickr ) Global copper production in 2020 is impacted by the covid-19 outbreak, with data analytics firm GlobalData now forecasting output growth of 1.9% this year compared to the original forecast growth rate of 3.4%. The initial forecast was based on an anticipated increase in production from Chile, China and Peru, but falli...Read More
Argonaut Gold's El Castillo gold mine in Mexico. (Image courtesy of Argonaut Gold).Argonaut Gold (TSX: AR) announced Wednesday it is halting mining activities in Mexico to comply with the government-mandated suspension all non-essential businesses until April 30.Mexico's mining sector, one of the country's major industries, will be able to continue operations only deemed to be essential during t...Read More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click hereCAML's operations in Kazakhstan and North Macedonia remain unaffected by the pandemic, despite confirmed cases in both countries increasing from about 20 to 350 over the...Read More
Share this articleVANCOUVER - Teck Resources Ltd. says it has temporarily slowed operations and reduced its crews by up to 50 per cent at its steelmaking coal and Highland Valley Copper operations in response to the COVID-19 pandemic.The company, which also suspended its 2020 financial guidance, says the steps taken on March 25 will be in place for an initial period of two weeks and then be re-ev...Read More
U.S. Gold Corp. (NASDAQ: USAU) has a portfolio of exploration properties in the USA including Copper King, a PEA stage gold/copper property located in Southeast Wyoming, and Keystone and Maggie Creek -district scale exploration properties on the Cortez and Carlin Trends in Nevada. We learned from Ed Karr, who's President and CEO of U.S. Gold Corp., that the Company recently internally updated the...Read More
West Red Lake Gold Mines Inc. (CSE: RLG, OTCQB: RLGMF, FSE: HYK) has assembled a significant property position, totaling 3,100 hectares in the Red Lake Gold District, which is host to some of the richest gold deposits in the world and has produced 30 million ounces of gold from high grade zones. There are three former gold mines on the property: the Mount Jamie Mine and Red Summit Mine properties...Read More
I hope you've all been well through this chaotic turn of events.Here in Maryland, our stay-at-home order officially took effect last night at 8 p.m. All non-essential businesses were closed on Tuesday as my state confirmed its 1,660th positive case of COVID-19.Throughout March, we've talked about one little corner of the oil markets that would flourish during this period of ultra-low crude prices...Read More
This morning we are going to look at an array of important factors pointing to another severe drop in the broad US stockmarket imminently, both factors external to it and indications on the charts for the S&P500 index (and other indices which we won't have time to look at). First it is well worth watching another classic video from Greg Mannarino posted yesterday: WOW.. ZERO Economic Activity in...Read More
COLORADO SPRINGS, CO, April 01, 2020 (GLOBE NEWSWIRE) -- via NEWWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") announced today that the Mexican Ministry of Health proclaimed a national health emergency with an immediate suspension order of all "non-essential" public and private sector business in order to mitigate the spread and transmission of the COVID-19 viru...Read More
By Daniel R. Amerman, CFAWhen it comes to the recession that is being created by the pandemic lockdowns - then the U.S. government and Federal Reserve have no intention of just letting the market forces play out. Instead, the intention is to contain a potential deeper round of crisis with the most extreme interventions yet. One very real possibility is for the Fed to follow the European Central...Read More
Craig Hemke, TF MetalsWith mines, mints, and refineries closed around the world due to coronavirus, the demand for physical gold has blown through the roof. This has led to some drastic measures by the CME Group, which in turn may have unwittingly sealed the fate of the COMEX and the entire fractional reserve and digital derivative pricing scheme.This latest crisis began last Tuesday, when the s...Read More
By: Gary SavageThere are one of two ways this can go here, retest the lows soon and then followed by a sustained rally. Will depend on how countries implement covid response.Unemployment report on Friday. Market might get nervous into report, but odds are better that we don't undercut prior lows if we even do go down. The other possibility is..Recorded March 31, 2020https://blog.smartmoneytracke...Read More
Stewart Thomson, Graceland Updates 1. Gold is majestically postured now, because America's government and central bank continues to borrow, spend, and print money with surreal intensity.2. The light at the end of the tunnel is a stagflationary freight train.3. Please click here now. Double-click to enlarge. A beautiful inverse H&S bull continuation pattern is in...Read More