"Citigroup is considering working with #pot companies as banks figure out ways to chase a $75 billion market https://t.co/6h0gWghJqZ via @BIPrime"Read full newsRead More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), continued its deal-making spree Tuesday by setting a joint venture with Greatland Gold (LON:GGP), which will focus on advancing the explorer's Havieron project in Western Australia's Paterson region.The agreement comes only a day after Newcrest announced it was buying a 70% stake in the Red Chris copper and gold mine in Canada from Imp...Read More
Commodities Analysis by David I. Kranzler covering: XAU/USD, Randgold Resources Ltd, Newmont Mining Corporation, Gold Futures. Read David I. Kranzler's latest article on Investing.comRead full newsRead More
Gold-oriented Aurania Resources (TSXV: ARU) is finding as much copper as gold in the early innings of exploration at its Lost Cities-Cutucu project in southeastern Ecuador.In January the junior explorer reported grades ranging from 0.9-9% copper from eight grab samples of rock in streams at its Tsenken-A porphyry target. Highlights included 9% copper with 185 grams silver per tonne and 7.1% copper...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) has abandoned its hostile takeover bid for Newmont Mining (NYSE: NEM), after the companies struck a joint-venture deal on their Nevada assets.Barrick will own 61.5% and Newmont, 38.5%, of the new joint venture, which will be operated by Barrick, and will allow the two partners to "tear down the fences and operate our assets as one mining complex," Barrick's new...Read More
It's important to understand Gold's fundamentals as it will help us confirm a new bull market.To this point, Gold's rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not turned bullish yet.The technical trigger will be Gold and gold stock outperformance of the stock market which will likely lead to the funda...Read More
Growth investors have some strong options at the moment, with everything from gold to cannabis to energy stocks offering high expected growth in earnings as well as a mix of upside and passive income. Let's take a look at five of the best Canadian stocks to buy now for capital gains as well as some dividends.Wesdome Gold Mines (TSX:WDO)On a tear since May, Wesdome Gold Mines is as subject to wild...Read More
Metals and mining stocks remain some of the best routes to high growth on the TSX index, with enough upside potential to satisfy momentum investors. With prices of precious metals possibly set to climb in 2019, here are some of the best mining stocks to buy now for significant capital gains further down the road.Wheaton Precious Metals (TSX:WPM)(NYSE:WPM)A top choice for fans of precious metals st...Read More
Predicting the outlook for iron ore and steel has become something akin to gazing at tea leaves and trying to determine what the future holds. Fears of a trade war between the U.S. and China coupled with less-than-stellar economic data from Beijing as well as slowing global growth were all weighing on the outlook for metals.The base metal has been extremely volatile since the recovery in commoditi...Read More
James Kunstler summarized it perfectly. So rather than reinventing the wheel, here's an excerpt from his Monday commentary:Jerome Powell [was] wheeled out on CBS's 60 Minutes Sunday night, like a cigar store Indian at an antique fair, so vividly sculpted and colorfully adorned you could almost imagine him saying something. Maybe it was an hallucination, but I heard him say that "the economy is in...Read More
This means the Jersey-registered company, which has a market cap of £5.37 million (US$7 million) is on the hook for US$140,000 plus 10% annual interest and both sides' costs.Read More
Drilling a potential kimberlite pipe on the Bishop Nipissing properties near the town of Cobalt, northeast Ontario. Source: RJK Explorations Ltd.RJK Explorations Ltd. [RJX.A-TSXV; RJKAF-OTC] said Tuesday March 12 that it has commenced drilling to test two potential kimberlite targets at its Bishop Nipissing diamond properties south of Cobalt, Ontario.The company also said Robert J. Mackay, a min...Read More
Goldcorp's Cerro Negro mine in Argentina. Source: Goldcorp Inc.Goldcorp Inc. [G-TSX; GG-NYSE] has ceased mining at its Cerro Negro mine in Argentina as a result of an illegal work stoppage by the AOMA mining union, the company said in a press release, Tuesday March 12."All mining ceased when the work stoppage began late on March 9, 2019, and processing activities have now been discontinued with th...Read More
Shannon Stubbs, Conservative Member of Parliament.Shannon Stubbs, Conservative Member of Parliament who represents the riding of Lakeland, Alberta, provided Resource World Magazine with her thoughts on mineral development during an interview at the recent Prospectors and Developers of Canada annual conference in Toronto.RESOURCE WORLD: How would you characterize the current state of the mining ind...Read More
Well, it's been a heck of a year. The S&P 500 went from a low of 2,350 in December back up to around 2,800 in an attempt to break though some stubborn resistance. This is known as a short-covering sucker's rally.Meanwhile, the price-to-earnings ratio dropped from 26.5 to 21.35. It is still well above the mean P/E of 14.75 but not quite as stratospheric as it has been.Was it only 10 years ago tha...Read More
Newcrest Mining (ASX: NCM) says there is potential to transform Imperial Metals' (TSX: III) Red Chris copper-gold mine in northwestern British Columbia into a tier-one operation, and is spending US$806.5 million to acquire a 70% joint-venture stake in the mine and surrounding 230 sq. km land package. "We do not do mergers and acquisitions purely to get bigger or for the sake of adding ounces," New...Read More
Hudbay Minerals (TSX: HBM; NYSE: HBM) has received the last key permit it needs to start building its Rosemont mine in Arizona.The U.S. Army Corps of Engineers issued a Section 404 water permit for the project, which a feasibility study in 2017 forecast would have a mine life of 19 years and produce 112,000 tonnes of copper in concentrate a year at a life-of-mine cash cost of US$1.29 per lb.Now th...Read More
Appia Energy Corp., (CSE:API, OTCQB:APAAF) is ramping-up uranium and critical rare earth elements exploration and development activities in Canada, with active projects in Saskatchewan's Athabasca Basin area and uranium and REE resources in the province of Ontario. The Athabasca Basin is the world's leading source of high-grade uranium and currently supplies about 20% of the world's uranium.Figu...Read More
The S&P/TSX Venture Composite Index fell 1.13% to 618.08 in the first week of March, after a strong close to February.Shares of Maverix Metals rose 36 ? to $2.69. The royalty and streaming company produced 20,900 equivalent oz. gold in 2018, beating the upper end of its 18,000 to 19,000 equivalent oz. gold guidance, and a 75% improvement over its 2017 equivalent oz. gold production.The company pro...Read More
Seabridge Gold (TSX: SEA; NYSE: SA) has tabled an updated resource estimate for its Iron Cap gold-copper porphyry project in British Columbia that increases the project's indicated resource by 460,000 oz. gold and 177 million lb. copper. It also boosts the project's inferred resource by 7.45 million oz. gold and 4 billion lb. copper.The project now contains 423 million indicated tonnes grading 0.4...Read More