New shares that were issued in the placement at 0.5c each reached 8.5c today, representing a notional 1600% return.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 hereBase and Madagascan authorities have yet to agree on the fiscal terms of the proposed Toliara development.Meanwhile in Kenya, the Kwale operation reported production incr...Read More
DRA has been closely involved with the project from the preliminary economic assessment stage through to the most recent feasibility study, placing it at the top of the list of several international engineering firms that competed for the EPCM contract via a competitive tender process.The engineering phase of the project will be done through the DRA's offices in Montreal and Toronto and the site-b...Read More
The First Environmental Court said it would process the lawsuit filed by the State Defense Council (CDE), which accuses Minera Escondida of causing "continuous, cumulative, permanent and irreparable environmental damage to the Punta Negra salt flat".The CDE case is based on seven aspects, according to the court, namely: a severe decrease in the levels of the salar aquifer, which compromises its re...Read More
Share this articleTORONTO - Barrick Gold says it's on track to achieve its production guidance for this year despite the impact of the COVID-19 pandemic.The disclosure by Barrick that it is well positioned to meet its full-year targets comes as businesses around the world adjust to a dramatic pullback in activity amid widespread preventative health measures.The gold miner says it produced 1.25 mi...Read More
Today is Thursday, April 16, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,730.50. It's up 0.81% from yesterday and up 35....Read More
Today is Thursday, April 16, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Equitrans Midstream Corporation (NYSE: ETRN), Montage Resources Corporation (NYSE: MR), and Exterran Corporation (NYSE: EXTN).Equitrans Midstream Corporation (NYSE: ETRN)Equitrans Midstream Corporation (NYSE: ETRN) is a $1.557 billion company today with a one-year return of -69...Read More
There are no two ways about it ...A recession is well on its way, and there's nothing anyone can do now to stop it.Bailout checks, Federal Reserve Hail Marys and bureaucratic buffoonery will be the equivalent of putting a piece of gum on the crack of a failing dam.It sucks.Make no mistake, the falsified data from China, the WHO's glaring incompetence, lack of preparation from Washington, and conti...Read More
By Daniel R. Amerman, CFATwo extraordinary and unprecedented actions are being taken in the attempt to contain the economic damage from the national shutdown, and thereby attempt to prevent a depression. Each are on a scale we have never seen before, and each are almost certain to be very long lasting. Even if the actions are "successful" - a depression is prevented and a severe recession is sho...Read More
By Stefan GleasonThe metals markets are being pulled in multiple directions simultaneously like never before. The global virus-triggered economic freeze has caused industrial demand for all commodities to crater.At the same time, mining output is also crashing as virus fears force many mines around the world to suspend operations.What is the "right" equilibrium price for copper, silver, gold, an...Read More
By David HaggithFedMed proved dead awhile ago with the whole Bulls team looking dead on the field, until Team Trump, the owner's club, joined Coach Powell. Then Powell's coaching team upped its game; and, finally, the Wall Street Bulls revived. "Big deal!" the Bears now yell. "Let's get back to playing ball!"All the government juices served in the Bullpen may have floated the dead Bulls into ano...Read More
Wednesday's session played out as a range day. Most of the downside action occurred during Tuesday night, and Wednesday's regular trading hours were spent bouncing from our key support zone in the 2750 area back to the middle of the range towards 2785/2800 on the Emini S&P 500 (ES). As we demonstrated in real-time in our ES Trading Room at ElliottWaveTrader, it was just a textbook feedback l...Read More
By: RambusI would like to show you some very long term charts for the PM complex I used to look at the big picture and big reversal patterns. I like to use the quarterly line chart as it takes out much of the noise a quarterly bar chart can make. A quarterly line chart only uses the quarterly close so the symmetry isn't there but the big reversal patterns still show up. Also I will switch back t...Read More
By: Ira EpsteinMasks are here for long to come. See what the Presidential briefing says. In Gold, Higher-highs, higher-lows. Support for June above $1670..Read More
By: Gary SavageI warned several weeks ago that this would be a V-shaped recovery followed by a regression to the mean. Every Central Bank around the world..Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
Gold Terra's Northwest Territories project benefits from its close proximity to Yellowknife City. In February, Gold Terra Resource Corp. (YGT:TSX.V; TRXXF:OTC; TXO:FSE) came into being, making the transformation from TerraX Minerals Inc. The company holds a large, 790-sq-km property in Canada's Northwest Territories, in the shadow of the historical mining city of Yellowknife.The rebirth of the co...Read More
Great Panther Mining's activities during the year's first quarter are summarized in a ROTH Capital Partners report. In an April 13 research note, ROTH Capital Partners analyst Jake Sekelsky reported that Great Panther Mining Ltd. (GPR:TSX; GPL:NYSE.American) had strong Q1/20 production with limited effects from the COVID-19 pandemic.Sekelsky reviewed what the precious metals miner accomplished du...Read More
Money manager Adrian Day provides updates on some of the resource companies in his portfolio and says he is buying little, but is ready to buy on pullbacks. Franco-Nevada Corp. (FNV:TSX; FNV:NYSE, US$113.69), following most of its royalty peers, pulled its guidance for both GEOs (gold-equivalent ounces) and energy. Cobre Panama, which had been ramping up well and accounted for 15-20% of its previ...Read More