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Investors are sweating over the recent market decline. Stock markets have now entered bear market territory after a 20% fall from record highs. Equity markets in the United States and Canada fell around 5% yesterday after the World Health Organization declared the coronavirus a pandemic.So where do investors park their funds in a market that is bleeding heavily due to the COVID-19 outbreak and fal...Read More
Eagle River Complex, Mishi - Open Pit. Image courtesy of Wesdome River Gold Mines LtdLast year, Wesdome Gold Mines (TSE: WDO) increased production at its Eagle River complex in northern Ontario by 28% to 91,688 ounces of gold while decreasing cash costs by 9% to $621 per oz.The company also increased reserves at Eagle River by 36% while boosting reserve grades 20%. The latest reserve number for...Read More
CEO and Director of O3 Mining, Jose Vizquerra at the Canadian Malartic gold mine in Quebec in 2013. Credit: Jose Vizquerra. O3 Mining has released the results of four holes completed at the Alpha property within its Central Cadillac group of holdings in Quebec. Of the four holes reported in the most recent release, three are from the Bulldog zone which has now been traced over 500 vertical metre...Read More
The camp at Foran Mining's McIlvenna Bay polymetallic project in Saskatchewan. Credit: Foran Mining A pre-feasibility study (PFS) released by Foran Mining (CVE: FOM) for its wholly owned McIlvenna Bay project in Saskatchewan suggests a 3,600 t/d underground mine with on-site processing and tailings storage shipping copper and zinc concentrates to offsite smelters. With a nine-year mine life, av...Read More
Stock image. Key moves in the Canadian mining sectorDavid Sidoo resigned as a director of Advantage Lithium; Sidoo was a founding shareholder of the company.Gordon Guiboche resigned as a director of Anglo-Bomarc Mines. John Lee Wong has been appointed the company's president and to its board.Paul Wright is joining the board of Asanko Gold as chairman; between 1999 and 2007, Wright was th...Read More
Image by Teck. Teck Resources (TSX, NYSE: TECK) announced on Thursday a target to reduce carbon intensity by 33% by 2030 as part of its new sustainability strategy.This builds on the previously announced commitment to be carbon neutral across all its operations and activities by 2050, Teck said.The move comes just weeks after Teck walked away from plans to build the C$20.6 billion ($15.7 bil...Read More
Behavioural finance analyst Ken Norquay says buying energy stocks after the next bear market ends will be like buying the Dow Jones Industrials in mid-1932.Buying energy stocks after the next bear market ends will be like buying the Dow Jones Industrials in mid-1932.Modern journalism is characterized by repetition. When journalists repeat the same thought patterns, readers become comfortable with...Read More
It said underwriters led by National Bank Financial, Eight Capital Corp and Scotia Capital had agreed to buy C$75 million (US$54.4 million) worth of shares priced at $8.Read More
Amplats declared force majeure on Friday after an explosion at the plant on February 10, and the threat of another explosion at its replacement.Read More
Share this articleVANCOUVER - Teck Resources Ltd. is doubling down on its greenhouse gas emissions targets, announcing it will aim to reduce carbon intensity in its operations by 33 per cent over the next 10 years.The Vancouver-based mining firm says the goal is in addition to its commitment made in early February to be carbon neutral across all its operations and activities by 2050.The news c...Read More
Today is Thursday, March 12, 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 $1,580.10. It's down -3.56% from yesterday and up...Read More
Today is Thursday, March 12, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of NACCO Industries (NYSE: NC), Black Stone Minerals LP (NYSE: BSM), and Talos Energy (NYSE: TALO).NACCO Industries (NYSE: NC)NACCO Industries (NYSE: NC) is a $204.21 million company today with a one-year return of -19.14%. Let's look at its price-to-earnings (P/E) ratio, its ente...Read More
Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT) have been having a pretty horrible week.As if the broader market sell-offs haven't been enough, on Tuesday, Virginia Senator Mark Warner sent letters to ride hailing and delivery service companies, requesting that they start a coronavirus fund that would allow their workers to take time off to get tested or self-quarantine.He also suggested paying workers...Read More
Dave KranzlerMake no mistake, the financial system is collapsing under one giant margin call being issued to banks and hedge funds. How big? No one knows. The Fed obviously was preparing for something when it commenced its money printing in September. But it had no idea of the scale of the underlying systemic problems. Coronavirus is not the cause of what's unfolding in the markets - it mere...Read More
David Haggith(March 11, 2020)The bear roared today, ripping the ears off everyone, as the Dow and Russel 2000 both landed more than 20% below their last peak. Their 19-session rampage landed a record as the, steepest, fastest downhill bear run in the history of the US stock market.The market's waterfall run over the cliffs now looks like El Capitan.Of course, the rise of the bear also means the...Read More
Today, after another devastating day in the markets we are going to stand back and take a "big picture" view of what is going on.This is not some ordinary run-of-the mill bearmarket that is starting here - it is the beginning of a devastating collapse that is necessary to clear the system of all the accumulated dross that has built over many years. A "reset" is an apt word to describe it.The rot...Read More
By: Ira EpsteinGold breaking below the 18-DMA with support coming in below at..Read More
Ron Struthers of Struthers' Resource Stock Report discusses the current market meltdown and the longer-term outlook for the markets and gold. Although I know of some great companies and stocks out there, it is best just to wait. Markets are going a lot lower and investors in the main indexes and techs won't have a recovery in their portfolios for many, many years. Gold is being sold down too at t...Read More
The highlights of Wesdome Gold Mines' 2019 are presented in an iA Securities report. In a March 11, 2020 research note, iA Securities analyst George Topping reported that Wesdome Gold Mines Ltd. (WDO:TSX) had "another strong year" in 2019.The analyst reviewed the highlights. Production in 2019 of 91,700 ounces (91.7 Koz) fell in the high end of guidance. Throughput was decreased but made up for b...Read More