In his Tuesday Discovery Watch broadcast, John Kaiser sees trouble ahead for pot stocks while a seasonal buying opportunity is opening up for junior mining stocks.Click for larger (image source GT Gold)Kaiser points out that in September and October, the non-resource listings on the Venture Exchange were trading between $100 million to $200 million a day while the resource juniors were only tradi...Read More
* Shanghai Aluminium: https://tmsnrt.rs/2R5GRfD* Global Aluminium Output: https://tmsnrt.rs/2QW8g3uLONDON - The Shanghai aluminium price hit its lowest level since October 2016 on Wednesday.At a current 13,700 yuan per tonne the most active contract on the Shanghai Futures Exchange (ShFE) is down by 13 percent from the start of January.The London Metal Exchange aluminium price has also been under...Read More
One of Barrick Gold Corp.'s most senior executives, who held various high-profile roles at the company from Nevada to Tanzania, has left the company as it prepares to complete its merger with Randgold Resources Ltd.Richard Williams served as Barrick's chief of staff and later chief operating officer. A former commander in Britain's Special Air Service, he was assigned in February to work full-time...Read More
Shares in struggling South African platinum producer Lonmin (LON:LMI) climbed Wednesday after the South African Competition Tribunal approved the company's takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), with conditionsBy late afternoon, Lonmin had climbed 8% to 48.12p, while Sibanye was slightly up in New York at $2.74 as the regulator imposed as condition a moratorium on planned layoffs at...Read More
Shares in struggling South African platinum producer Lonmin (LON:LMI) climbed Wednesday after the South African Competition Tribunal approved the company's takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), with conditionsBy late afternoon, Lonmin had climbed 8% to 48.12p, while Sibanye was slightly up in New York at $2.74 as the regulator imposed as condition a moratorium on planned layoffs at...Read More
* Market spooked by estimated cost of HPAL plant* Building HPAL facility more complicated than NPI smelterLONDON - Expectations of a supply avalanche hitting the nickel market next year due to new capacity in Indonesia have sent prices to seven-month lows, but analysts doubt the plans spearheaded by Chinese firms can be carried out so quickly.Benchmark nickel on the London Metal Exchange nearing $...Read More
Mr. Jean Martineau reportsDYNACOR PRODUCES 7,352 OUNCES OF GOLD IN OCTOBER, ITS BEST 2018 MONTHLY RESULTSDynacor Gold Mines Inc. has provided its October gold production results, which were the best monthly gold production results in 2018. In October, the corporation produced 7,352 ounces of gold, an 11-per-cent monthly average increase from the previous nine months. The total amount of ore purcha...Read More
Mr. Walter Coles reportsSKEENA INTERSECTS 14.57 G/T AUEQ OVER 31.50 METRES AT ESKAY CREEKSkeena Resources Ltd. has released additional gold-silver drill results for seven holes from the recently completed phase 1 surface drilling program at the Eskay Creek project located in the Golden Triangle of British Columbia. The multifaceted phase 1 program was performed in the historically drill-defined 21...Read More
World's largest miner BHP (ASX, NYSE, LON, JSE:BHP) told investors on Wednesday that it has learned from its past mistakes and is now spending its money more wisely.Explaining BHP's fresh strategy to seek growth while maintaining a healthy balance sheet, chief financial officer Peter Beaven said in a briefing the company has learned to assess both risks and returns, actively manage threats and thi...Read More
Toronto-based Minera Alamos (TSXV: MAI) announced today it has received a positive notification from the Mexican environmental authorities regarding the permit application for the development of the La Fortuna gold project in the northern Durango state.The notification confirms the completion of the technical review phase of the company's application for the change of land use to build mining and...Read More
Mr. Jeff Sundar reportsGENESIS WELCOMES NEW ADVISORS AND ANNOUNCES STRATEGIC PRIVATE PLACEMENTGenesis Metals Corp. has appointed Dr. Robert Carpenter, Dr. Andrew J. Ramcharan and Garrett Ainsworth as advisers to the company. It has also arranged a strategic private placement financing."We are proud and excited to have these exceptional gentlemen join the Genesis team as strategic advisers. We beli...Read More
Shares in Canadian miner Northern Dynasty Minerals (TSX:NDM) were up Wednesday following an agreement announced late Tuesday between its subsidiary Pebble Limited Partnership (PLP) and the Alaska Peninsula Corporation (APC) that lets the company use defined portions of lands to build and operate roads for the stalled Pebble copper-gold-silver project.If the proposed mine makes it through the le...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata")is pleased to announce it will be attending and presenting at the LD Micro Annual Main Event, occurring December 4-6, 2018, in Bel-Air, California.In addition, the Company will be conducting one-on-one meetings on the Tuesday and Wednesday, December 4 and 5.Marc Seelenfreund, CEO and Chairman of Siyat...Read More
Reuters/Henry RomeroLocal miner Cesar Abac uses a wooden bowl and mercury to pan for gold near at the village of Las Cristinas, southern Bolivar State, Venezuela.VenezuelansRead full newsRead More
Reuters/Henry RomeroLocal miner Cesar Abac uses a wooden bowl and mercury to pan for gold near at the village of Las Cristinas, southern Bolivar State, Venezuela.VenezuelansRead full newsRead More
MOSCOW - Russian nickel and palladium producer Norilsk Nickel (Nornickel) plans to ramp up output over the next five years to tap an expected boom in demand from electric vehicle makers, its CEO and top shareholder Vladimir Potanin told Reuters.The company, which vies with Brazil's Vale to be the world's largest nickel producer, has been profitable for years thanks to its resource-rich Arctic oper...Read More
"VOLUME WILL BE LOW BEGINNING TOMORROW FOR THANKSGIVING SHUTDOWN IN USA & will remain low until next week.In other words the control boys can do what they want.Be careful."Read full newsRead More
It is very difficult to pick exact bottoms but there are many tools we can use to help us pinpoint potential bottoms.You don't hear technical analysts talk about fundamentals but we do for a reason. Major shifts in the primary trend are supported by fundamental shifts, though they can be very hard to spot until after the fact.Because of our extensive study of history, we are convinced that preciou...Read More
The gold sector has been under pressure for seven years, but contrarian investors are looking at recent developments in the industry and thinking it might be time to start kicking the tires on some of the beaten-up stocks.Let's take a look at Barrick Gold (TSX:ABX)(NYSE:ABX) to see if it deserves to be on your buy list for 2019.ConsolidationHigh-quality gold deposits are becoming harder to find, a...Read More
A recent MarketWatch article notes that:GE was one of Wall Street's major share buyback operators between 2015 and 2017; it repurchased $40 billion of shares at prices between $20 and $32. The share price is now $8.60, so the company has liquidated between $23 billion and $29 billion of its shareholders' money on this utterly futile activity alone. Since the highest net income recorded by the comp...Read More