It’s no secret that investors are doubling down on gold. In a time when the markets are still volatile, with the first of possibly many market crashes behind us, investors are turning to gold to keep their cash safe. Analysts are on board with the decision, as some believe the price of gold could double by 2030.But while many are recommending that investors take the safest option of investin...Read More
The market rally off the March lows took many stocks back to previous levels. Some beaten-up sectors, however, still have room to run, and savvy investors are hoping to benefit.Let’s take a look at two cheap stocks that could see significant upside moves in the next 18 months.Teck ResourcesYou need to have a strong stomach to own Teck Resources (TSX:TECK.B)(NYSE:TECK) stock. A quick look at...Read More
Shell and IBM launch Oren digital platform for mining companies. Shell and IBM have launched a new, global B2B Digital mining services marketplace platform aimed at helping mining companies find solutions related to safety, sustainability, mine planning and operational efficiency.By hosting new technology and digital solutions in one place, Oren aims to accelerate the digitization of the minin...Read More
Trenching at Villeneuve. Image from MacDonald Mines. Drilling at MacDonald Mines' wholly owned SPJ property, 20 km east of Sudbury, Ontario, has extended the strike length of the high-grade New Zone-Villeneuve trend to over 225 metres; the structure remains open.The company released results for six drillholes completed over the winter and spring. The drill highlights include 5.1 metres of 27.2...Read More
Natural gas field. Image by Rudy and Peter Skitterians from Pixabay. San Antonio's Mirage Energy announced Wednesday it has signed a $4 billion debt facility with the Bluebell International LLC for the development of natural gas pipelines, underground natural gas storage and the Isthmus Corridor Project.The company's pipeline, interconnected with Whitewater Whistler, provides an inexpensive natur...Read More
Prince George, British Columbia. Credit: Wikipedia. While the current business outlook remains uncertain, PwC Canada, in its new BC Mines Report, says the British Columbia mining industry is in a good position to withstand volatility due to prudent spending over the last few years and strong environmental, social and governance (ESG) practices.BC Mine 2019 ESG: Resilience and Opportunity in Uncer...Read More
Image from Grundeinkommen. Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programs halted or cancelled and project disruptions hampering production, the summit is in sight, according to research firm Wood Mackenzie's latest report. As organic growth is waning, miners are looking to buy gold through mergers and acquisitions to secure the...Read More
The company's maiden drilling at the Ban Chang prospect hit 5.2m at 0.66% nickel and 0.73% copper (plus 0.79 grams per tonne PGE) from 58m, including 1m at 3% nickel and 1.2% copper.Read More
The number of cases has risen to 998 and deaths increased to two, according to the latest figures from the Minerals Council South Africa, which were last updated on June 15.It said almost 260,700 miners had been screened, 10,890 had been tested, there were 614 active cases and 382 recovered.The council said there were 521 results pending.On Friday, there had been one death and 879 positive cases.T...Read More
Share this articleTORONTO - Iamgold Corp. [TSX-IMG, NYSE-IAG] says it has suspended operations at its Rosebel Gold Mine in the South American country of Suriname after seven people were diagnosed with COVID-19, sparking a showdown with its union.The Canadian mining company says it proceeded with getting medical care and putting the individuals in quarantine while disinfecting their living quarte...Read More
I don't come into the office too early these days.This morning was different, however.The sun was just barely creeping over the horizon, and the parking lot was barren except for a Kona blue, 2010 Mustang GT coupe that was parked right in my spot.It was an ugly car, to be sure, with a horrid saddle leather interior and a pair of dirty shoes hanging on to the mag rims that I mistook for cheap plast...Read More
By Daniel R. Amerman, CFAWhile stocks were performing very poorly in the early days of the pandemic shutdowns, gold was doing quite well. There was another crisis investment that was doing even better however, as can be seen in the graph below, which shows price changes in percentage terms when compared to mid-February.Stocks are the green line, gold is the yellow line, and the red line is the p...Read More
At Eric Sprott's urging, we've been monitoring the daily abuse of the Exchange For Physical process since late 2017. However, since late March, the daily totals have fallen off dramatically. Why?Again, the "Exchange For Physical" process is an arcane feature of the COMEX futures market that allows a party to exchange a contract for "physical metal" off-exchange, usually in London. Abuse of this...Read More
Dave Kranzler, Investement Research Dynamic's Mining Stock JournalThe stock market promoting mainstream media this morning reported "U.S. Retail Sales Rose Record 18% in May" (e.g. the Wall St Journal). The S&P futures jumped from up 45 points to up 90 points.But, as usual, the details are in the fine print of the report itself, and it's apparent that nobody in the financial media bothered to...Read More
Stewart Thomson, Graceland Updates 1. Gold investors are eager to see the current price reaction end and a fresh uptrend begin. Oscillator buy signals, rising volume, and bullish price patterns are beginning to appear in some gold stocks, and that's a good sign. 2. Please click here now. Double-click to enlarge this daily gold chart. The best word to summarize both the fundament...Read More
By: Ira EpsteinGold 1706.20 support, swingline in gold's favor. 18-dma at 1728 area:Read More