Image: Atlas Copco While mine planners need to design and implement plansthat are safe and environmentally sustainable, the biggest factor in thesuccess of a mining operation - what will ultimately determinewhether it will proceed through feasibility studies and onto construction anddevelopment - is the level of potentialprofitability. The drive to exploit a mineral resource such that it adds as...Read More
What does a grocery conglomerate and a gold producer have in common? Nothing — unless you count the fact they could both yield double digit returns.The companies I am referring to are Kinross (TSX:K)(NYSE:KGC) and Metro (TSX:MRU).Kinross Gold CorporationKinross is engaged in gold mining and related activities, which includes the exploration and acquisition of gold-bearing properties, extract...Read More
Dividend investors have some great value stocks on offer at the moment, with some sturdy sectors getting overlooked amid mounting uncertainty in the markets. Here are three of the best dividend stocks on the TSX currently yielding in excess of 4%.Diversified energy with a +4% yieldWith a 4.32% yield, Canadian Utilities is a defensive play on essential household energy services. Covering natural ga...Read More
The Mali-based Loulo-Gounkoto complex (pictured) includes Loulo underground mines, Yalea Gara and the Gounkoto open pit mine. (Archives image by: Randgold Resources) Barrick Gold's (NYSE: GOLD TSE: ABX) Loulo-Gounkoto mine in Mali exceeded its 2019 guidance withproduction of 714,802 ounces of gold, the Toronto-based miner said Thursday. Barrick's chief executive Mark Bristow told media that the...Read More
High gold prices and a softer economic environment were the main culprits of the recent decline in consumer demand. (File image) Gold demand fell 1% in 2019 to 4,355.7 tonnes as a huge rise in investment flows into ETFs and similar products was matched by a price-driven slump in consumer demand, the World Gold Council (WGC) says.According to the WGC's latest report, 2019 was a broad year of two d...Read More
Newfoundland welcome sign. Photo by Pierre Thiffault, Pexels. New Found Gold has hit a high-grade, lengthy intercept in its first drill hole at its Queensway gold project, in Canada's Newfoundland province, thanks to exploration targeting supported by GoldSpot Exploration's artificial intelligence technology.The hole intersected 19 metres of 92.86 g/t gold and 6 metres of 285.2 g/t gold. The mine...Read More
Tlamino project. Credit: Medgold Resources Medgold has released a maiden inferred mineral resource of 7.1 million tonnes grading 3 g/t gold-equivalent for a total of 680,000 gold-equivalent oz. for the Barje prospect within the Tlamino project in Serbia.In addition, initial metallurgical test results suggest gold recoveries to concentrate of 88.2% to 90.5% based on bulk rougher flotation tests.In...Read More
The company changed name from 21C Metals mid-month to reflect its focus on its flagship East Bull project in Ontario, which has an inferred 523,000 ounce palladium-equivalent resource.Read More
The project proposal is the culmination of a process that has seen the company repeatedly sanctioned by environmental authorities related to the pellet plant and requiring the progressive reduction and eventual elimination of the deposition of tails in the sea, as it has done for the past 40 years, according to the company's 2018 annual report.In January 2018, the SMA environmental superintendent...Read More
"The reality is the sector remains unthawed. We haven't seen a whole lot of activity on the market. I think the utilities are waiting to see what happens next. "We're out of the Section 232 piece ...Read More
Today is Thursday, January 30, 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 $1,586.35. It's up 0.59% from yesterday and up 2...Read More
Today is Thursday, January 30, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of SEACOR (NYSE: CKH), Diamond Offshore Drilling (NYSE: DO), and Apache Corporation (NYSE: APA).SEACOR (NYSE: CKH)SEACOR (NYSE: CKH) is a $766.41 million company today with a one-year return of -6.49%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-value-to-free...Read More
If I were a religious man, I'd think this was a sign from God.Swarms of locusts have descended upon East Africa, destroying crops and adding further pressure to a region already faced with massive food insecurity.According to Oxfam, a large desert locust plague can contain up to 150 million individuals per square kilometer, with half a million locusts weighing approximately one tonne. One tonne of...Read More
Dear Friend of GATA and Gold:Our friend Paul Mylchreest, now an analyst for financial research firm Hardman & Co. in London, demolishes the London Bullion Market Association with an "open letter" released today, blaming the group's trading and reporting systems for suppressing the offtake of gold to about 5 percent of what it would be otherwise. These systems, Mylchreest suggests, benefit primar...Read More
By: Gary SavageGold traders can be too emotional and unless they can find a way to change that, they will not find success in the investment business.$GDX's big picture, resistance around 32 area. Bullion banks are heavily short and lost control of gold..https://blog.smartmoneytrackerpremium.com/Read More
Gary TanashianBecause it's so important to see this correctly and not pretend we (well, I) know more than we (I) actually do I find it important to look at pictorial representations of history and think about them when I get some quiet time (ha ha ha, like not on Twitter, not reading financial/gold websites and most certainly not watching TeeVee finance and news).So I am thinking about the Commi...Read More
By: Ira EpsteinGold has had the highest close in months! This is not bad action. Daily chart shows back filling. 18-DMA holding up market.. Read More
Just trade in the technical till Monday. Trump and his impeachment could be closed by Friday. This can result in some mild correction in gold. It remains to be seen how the prices in all metals and energies will move once China reopens. Various US jobs numbers will be released next week. Focus will be on global economy next week. Fundamentals will dictate price of all metals and energies next we...Read More
Preliminary findings show the presence of sulphides at depth on the property. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release that the now completed induced polarization and resistivity (IP) survey at its Pamlico project in western Nevada detected "several strong and well-defined anomalies.""The preliminary results of the IP survey are extremely encouraging as they are inte...Read More
The company makes the changes to manage its "broad and responsible approach to advancing projects with community support." Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it has "expanded the responsibilities and scope of its environmental and permitting team in response to the growing importance and complexity of earning and maintaining the social licence to build and oper...Read More