The downtrend in gold continues. In August, the price of gold declined 2.2%, representing the fifth straight monthly decline - the longest streak in more than five years.Of course, that weakness has also taken down large gold miners. Goldcorp (TSX:G)(NYSE:GG) in particular has been especially bruised, with its shares off more than 25% over just the past three months. Meanwhile, the S&P/TSX Com...Read More
Continental Gold's Buritica gold project in Colombia. Source: Continental Gold Inc.Continental Gold Inc. [CNL-TSX; CGOF-OTCQX] said Thursday September 6 that a mining engineer was fatally wounded after being attacked by armed individuals in the Colombian town of Buritica, where the company's Buritica gold project is located. Another engineer is currently being treated and is in stable condition, t...Read More
Barkerville Gold Mines resource and development 2018 - 2019. Looking northeast - 6 km of 67 km mineralized trend. Source: Barkerville Gold Mines Ltd.Osisko Gold Royalties Ltd. [OR-TSX, NYSE] said Thursday Deptember 6 that it has acquired an additional net smelter royalty interest in Barkerville Gold Mines Ltd.'s [BGM-TSXV; BGMZF-OTC; IWUB-FSE] flagship Cariboo gold project in central British Colum...Read More
The proceeds earned during August 2018 from eBook sales are currently being transferred to my brokerage account. Now, it’s time to vote on which dividend paying stock I will purchase this month to add to the “Real Wealth Portfolio“, as I look for redemption (after losing over -$200,000 investing in junk properties in South Chicago).Moving proceeds from Ebook sales over to broke...Read More
CALGARY - Surge Energy Inc. has signed a deal to acquire Mount Bastion Oil and Gas Corp. for $320 million in cash and stock.Mount Bastion shareholders may choose between cash, Surge shares or a combination of both, with a limit of $145 million cash available and roughly 75.4 million shares.Surge says it expects to increase its dividend to 12.5 cents per year from 10 cents once the deal closes.The...Read More
It’s been an absolutely horrendous year to be invested in lithium stocks… For myself, although I did sell out of many positions in early January of this year and booked some nice profits, unfortunately, I did get a little too greedy and didn’t sell nearly enough…Now, I’m paying the price (along with many others, I’m sure)…It’s been a total bloodbath...Read More
Check out this headline:I don't know what this guy is smoking, but I want some!Don't get me wrong.I'm not a Tesla basher.In fact, I recommended the stock when it first went public - back when you could get it for $40 a share. At its height, Tesla was trading in excess of $389 a share. That's a gain of 872%.I also love the product and have my own Tesla on order right now.Say what you want about Elo...Read More
Maurice Jackson Speaks with Jayant Bhandari About Emerging Market Currencies, the Trade War, US Foreign Policy and MoreMaurice Jackson of Proven & Probable has recently conducted a new interview with our friend and occasional contributor to this site, Jayant Bhandari, who is inter alia the host of the annual Capitalism and Morality seminar. Maurice Jackson (left) and Jayant Bhandari (right) A wi...Read More
The Biggest Crashes in History Happened in September and OctoberIn the last installment of Seasonal Insights we wrote about the media sector - an industry that typically tends to perform very poorly in the month of August. Upon receiving positive feedback, we decided to build on this topic. This week we are are discussing several international markets that tend to be weak during September and will...Read More
September 6, 2018 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce it has closed a series of separate asset purchase and sale agreements to acquire a 100 percent interest in 29,608 hectares of mineral rights in the Atlin Gold Camp of British Columbia (the “Atlin Properties”) and related transactions.Highlights of...Read More
The Women of Mines Interest Group joined staff from Golden's Truly BoHotique to host a Dress for Success event Sept. 6 in advance of Fall 2018 Career Day.Truly BoHotique hosted the event at its store in downtown Golden. Alumnae and Golden community members donated gently worn women's professional and business clothing to make the event possible. Students had the opportunity to pick out one outfi...Read More
Commerce Resources (TSXV: CCE; US-OTC: CMRZF) has spent the past 10 years developing its Ashram rare earth element (REE) project in northern Quebec. Like many REE miners, Commerce's fate has been influenced by a strong Chinese supply chain, and, in particular, the prolific Bayan Obo REE mining district in northern China. But company president Chris Grove says that recent U.S.-China politics may op...Read More
A new lithium pegmatite Avalon Advanced Materials (TSX: AVL; US-OTC: AVLNF) is naming Snowbank has been found 4 km northwest of the company's main Separation Rapids lithium deposit, near Kenora, Ontario.Like the Separation Rapids deposit, Snowbank's lithium occurs mostly in petalite, a mineral that occurs as large crystals up to 15 centimetres in diameter.Individual channel samples at Snowbank hav...Read More
After incorporating 65,600 metres of exploration drilling in the first half of the year, Alamos Gold (TSX: AGI; NYSE: AGI) has increased the reserves and resources at its Island Gold mine in northern Ontario.Proven and probable reserves now total 2.8 million tonnes grading 10.69 grams gold per tonne, or 959,000 contained oz. gold. The reserve grade has climbed 5% since the end of 2017.Measured and...Read More
BHP Billiton (LON: BLT) is acquiring a 6.1% stake in SolGold's (TSX: SOLG; LON: SOLG) Cascabel porphyry copper-gold project in Ecuador.BHP is purchasing the stake from Guyana Goldfields (TSX: GUY) for 26.59 pence per share, a 20% premium to its 20-day volume-weighted average price of 22.16 pence per share on the London Stock Exchange.BHP Chief Executive Officer, Andrew Mackenzie, said the invest...Read More
Osisko Gold Royalties (TSX: OR; NYSE: OR) has agreed to acquire an additional 1.75% net smelter return royalty (NSR) for $20 million on the Barkerville Gold Mines' (TSXV: BGM; US-OTC: BGMZF) Cariboo gold project in British Columbia, raising its total royalty on the project to 4%.Osisko can add a further 1% to its NSR for $13 million at any time before the end of the year.Barkerville will also give...Read More
Two mining engineers employed by Continental Gold (TSX: CNL; US-OTC: CGOOF) in Colombia were attacked by armed men in the town of Buritica, near the company's gold project. One of the engineers died and the other is in stable condition.The Buritic?? project, where Continental is building an underground mine, is about a two-hour drive on the Pan-American highway from Medellin, the country's second-...Read More
Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF) is focused on exploration and development of gold projects in the Pilbara region of Western Australia. We learned from Dr. Quinton Hennigh, Chairman and President of Novo Resources, that it was established in 2010, specifically to explore for conglomerate-hosted gold deposits in Australia and since then has built up a significant land package, coveri...Read More
Southern Silver (TSXV: SSV; US-OTC: SSVFF) is seeing some encouraging results from its 12,000 metre drill campaign at its Cerro Las Minitas silver-zinc project in Durango State, Mexico.An early hole drilled into the Skarn Front deposit cut 15.1 metres from 450 metres downhole grading 260 grams silver per tonne, 0.05 gram gold, 0.2% copper, 0.9% lead and 0.1% zinc, or 317 grams silver equivalent. T...Read More
CloseGain/LossGold $1197.00+$3.60Silver$14.19+$0.03XAU63.07-0.58%HUI136.24-0.79%GDM498.82-1.02%JSE Gold1020.68+11.44USD95.13-0.27Euro116.32+0.44Yen89.74-0.05Oil$68.72-$1.1510-Year2.900%+0.008T-Bond143.15625+0.03125Dow25974.99+0.09%Nasdaq7995.17-1.19%S&P2888.60-0.28% The Metals: Gold held near unchanged in Asia before it climbed up to $1198.00 in morning New York trade and then drifted back...Read More