Fund manager Adrian Day discusses why he likes the proposed merger of Evrim Resources with Renaissance Gold, plus he names some companies on his buy list. Evrim Resources Corp. (EVM:TSX.V, 0.35) is merging with fellow junior prospect generator Renaissance Gold Inc. (REN:TSX), doubling the size of the company, to create Orogen Royalties, a self-defined "organic royalty generator." The merger bring...Read More
David Smith of The Morgan Report tells Maurice Jackson of Proven and Probable what he thinks about the current financial state of America, ways investors can protect themselves from the vagaries of modern times including reading "Common Sense 2.0" and mentions a few resource companies he finds worthwhile. Maurice Jackson: Today, we're going to discuss a very, very important topic and that is debt...Read More
Initially, Nexus Gold plans to drill over 1,000 meters to test several targets for mineralization potential. McKenzie Gold Project, Red Lake, Ontario, with phase one drill location in redIn a news release, Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced it is getting a crew and the necessary equipment to its McKenzie gold project in Ontario's Red Lake District for its imminent drill program.D...Read More
Ely Gold Royalties will retain a 2% net smelter returns royalty on any future production there. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; A2JSL0:FSE) announced in a news release that its subsidiary, Nevada Select Royalties, agreed to provide Provenance Gold an option to buy 30 unpatented lode mineral claims covering two miles of the White Rock gold project in Nevada.According to the agreem...Read More
X-Terra Resources recently completed a $22 million bought-deal financing. X-Terra Resources Inc. (XTT:TSX.V; XTRRF:OTCMKTS; XTR:FSE) began its 2020 exploration program its Troilus East property on northern Quebec's Frotet-Evans greenstone belt, it announced in a news release.In the campaign's first phase, the team will prospect and sample already defined targets and, if appropriate, conduct manua...Read More
Gold is original money. As such, it is the measure of value for everything else.Gold was money before the US dollar and other paper currencies. All paper currencies are substitutes for gold, i.e., real money.So, how much is money worth? Money is worth what you can buy with it. In my article A Loaf Of Bread, A Gallon Of Gas, An Ounce Of Gold, I compared the cost to purchase bread and gasoline over...Read More
Before updating the status of the gold miner (HUI) correction, let’s take a quick review of the Macrocosm, because it’s always a good time to be clear on important macro considerations.The graphic makes the following points that are the foundation of the NFTRH view on the right/wrong times to be fundamentally bullish on the gold stock sector. In order of priority, a bullish view needs:...Read More
Bullish sentiment appears to have returned to the stock markets with a vengeance. In a historic rally that has taken even die-hard bulls by surprise, the S&P 500 has managed to claw back all of its 2020 losses, taking just 53 sessions for the index to fully restore the nearly $10T in value it shed in an epic bear market. The oil markets have been nearly as impressive.After entering negative te...Read More
By: Ira EpsteinGold is moving sideways, not in a trend. Swing point above at $1754.90..Read More
Does this mean that there was a silver manipulation cartel who had to begin unloading a massive silver short position?by Keith Weiner of Monetary-MetalsThe Federal Reserve has become more aggressive again, after several years of acting docile. As you can see on this chart of the Fed's balance sheet, it has very rapidly expanded from a baseline from (prior to) 2015 through 2018, of about $4.4 trill...Read More
RAPAPORT... Rio Tinto has no plans to purchase Dominion Diamond Mines' 40% share in the Diavik site, the Australian company said in a court filing.The miner, which already owns 60% of Diavik and manages the site through subsidiary Diavik Diamond Mines (DDMI), also has no interest in buying Dominion's Ekati mine, it noted."DDMI does not seek to interfere with or participate in the Ekati market...Read More
RAPAPORT... Around eight diamond-cutting businesses in Surat have closed parts of their factories after a coronavirus outbreak.Authorities ordered the shutdowns after 20 to 23 workers tested positive for the virus, Colin Shah, chairman of the Gem & Jewellery Export Promotion Council (GJEPC), told Rapaport News Monday. Several staff members have entered a 14-day quarantine as a result.The...Read More
Companies that can serve up accessible, relatable products via digital media will have the best chance of tapping into this demographic. RAPAPORT... Despite all the nights of lost sleep over whether millennials will still want to buy diamond jewelry, it turns out this group is not so dissimilar to previous generations. Generation Z, though - now aging into relevance - is a different beas...Read More
(IDEX Online) - GIA (Gemological Institute of America) has launched an automated system that can distinguish lab-grown melee from natural stones.It's addressing concerns that simulants, laboratory-grown and HPHT treated natural diamonds, are deliberately being mixed in to parcels of natural diamonds.The GIA Melee Analysis Service sorts the screened diamonds by color range. Clients can also sp...Read More
(IDEX Online)- Three spectacular pieces of diamond jewelry, one featuring a 27.02 carat fancy brown-yellow diamond, are to be auctioned to support healthcare workers fighting coronavirus.They've been specially created by renowned Taiwan-born designer Anna Hu and will be sold by Christie's to help Diamonds That Care, a social responsibility initiative launched by Russian miners Alrosa.All...Read More
Markets were stronger across the board this morning, Tuesday June 16, reversing the weakness seen at the end of last week and during early trading on Monday.The Federal Reserve’s action to extend buying to a wider base of corporate debt suggests the central bank will “do whatever it takes” to support market sentiment, and indeed markets, if it can. * Base metals prices on both the L...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesPrime minister Scott Morrison said yesterday that delays in approvals under the Environment Protection and Biodiversity Conservation Act 1999 cost industry A$300 million alone in 2019.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 68 points in pre-opening trade. Index futures responded to news that the Trump Administration is planning a 1 trillion infrastructure package to stimulate the U.S. economy. U.S. construction stocks were notably stronger. Gains accelerated on news of a new steroid coronavirus treatment.Index futures moved higher followi...Read More
Fortescue Metals Group (ASX: FMG), the world's fourth largest iron ore producer, has brought forward a self-imposed deadline to be carbon-neutral by 2040, ten years earlier than its closest rivals BHP, Rio Tinto and Vale.Further, the Australian miner expects to slash operational emissions 26% by 2030. Fortescue had previously signalled that it intended to be carbon-neutral by the "second half of...Read More
Skeena Resources (TSXV: SKE; US-OTC: SKREF) has started a preliminary feasibility study (PFS) for the Eskay Creek gold-silver project in the province's Golden Triangle area."The PFS is the next step in the evolution of Eskay Creek, as we move this high-grade, open-pit project towards development and through to commercial production," Shane Williams, the company's COO, said in a press release.As th...Read More