Trump's policies on trade and his erratic as well as inflammatory rhetoric on China has introduced an unanticipated degree of volatility to the global economy. It is also impacting commodities, notably industrial metals with copper alongside silver being among the hardest hit. The red metal, which, because of its widespread industrial use, is a gauge of global economic health and has plummeted sha...Read More
In 2008, gold was taken from $1020 to $700 and silver was pounded from $21 to $7 during the period of time that Bear Stearns, Lehman and the U.S. financial system was collapsing. The precious metals were behaving inversely to what would have been expected as the global financial system melted down. Massive Central Bank intervention was at play.Currently the prices of gold and silver are be...Read More
Diamond drilling at Aben's Forrest Kerr Project in the Golden Triangle region of northwestern British Columbia. Source: Aben Resources Ltd.Aben Resources Ltd. [ABN-TSXV; ABNAF-OTCQB; E2L2-FSE] said Wednesday August 15 that it is moving to raise $4 million via a private placement led by Bay Street gold bug Eric Sprott.The company said the funds are being raised through a non-brokered private placem...Read More
Drilling at Contact Gold's Pony Creek property in the Carlin Trend of Nevada. Source: Contact Gold Corp.Contact Gold Corp. [C-TSXV] has reported a new gold discovery on its Pony Creek property in Nevada. Pony Creek is strategically-located immediately south of Gold Standard Ventures Corp.'s [GSV-TSX, GSV-NYSE] Railroad-Pinion Project, which has been widely tipped to be among Nevada's next gold min...Read More
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,148.50, down 182.17 points)Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up $1.04, or 19.48 per cent, to $6.38 on 32.12 million shares.Canopy Growth Corp. (TSX:WEED). Healthcare. Up $10.04, or 31.26 per cent, to $42.20 on 18.39 million shares. The company rallied sharply after alcohol giant...Read More
CALGARY - A month after being ordered to pay $750,000 in fines related to a 2015 pipeline leak, Nexen Energy is reporting a spill of 270,000 litres from a different pipeline in the same area of northern Alberta.The Alberta Energy Regulator says in a post on its website that Nexen, a subsidiary of state-owned China National Offshore Oil Co. Ltd. or CNOOC, reported the release of produced water...Read More
Tell me the three largest oil-producing states in the U.S.I know you can bang out at least two of them off the top of your head.After all, how many times have you and I talked about the veritable oil fortune beneath Texas soil?Whether that crude is being extracted from the Eagle Ford in the south or the Permian Basin in the west, together those two mammoth regions pump about 4.8 million barrels of...Read More
TMAC Resources (TSX: TMR) posted a net loss of $10.3 million (11 ? per share) in the second quarter and warned there might be a risk of breaching certain debt covenants within the next 12 months due to the slow release of restricted cash, unscheduled downtime in July associated with integrating the second concentrator line at its Doris mine in Nunavut, and a decline in the gold price.Nevertheles...Read More
Vancouver-based American Pacific Mining (CSE: USGD; US-OTC: USGDF) has reported encouraging results from its first phase drilling program at the Turscarora gold project in Elko, Nevada. The results are highlighted by the intersection of 18.4 grams gold per tonne over 1.5 metres from 200 metres downhole.Tuscaroosa is in the historic Carlin trend mining district, 20 km south of the Jerritt Canyon mi...Read More
The Northern Miner presents its top-10 list of the largest U.S.-headquartered mining companies.1. SOUTHERN COPPERMarket cap: US$35 billionSouthern Copper (NYSE: SCCO), an 88%-owned subsidiary of the conglomerate Grupo Mexico, is the largest U.S.-headquartered mining company. It operates mines and metallurgical facilities in Mexico and Peru and conducts exploration activities in Argentina, Chile, E...Read More
Osisko Mining (TSX:OSK) is stitching together a larger land package around its Windfall project in northern Quebec with its proposed $17.5 million all-share acquisition of Beaufield Resources (TSXV: BFD).Beaufield's Urban property is adjacent to Osisko's Windfall project in the Abitibi greenstone belt.Windfall's Lynx zone is about 500 metres from Beaufield's property boundary.Among Beaufield's oth...Read More
VANCOUVER - Sokoman Iron (TSXV: SIC; US-OTC: GDNDF) has struck gold with the first hole in drilling at its Moosehead gold project in central Newfoundland, 20 km west of the town of Grand Falls-Windsor.On July 30, Sokoman reported hole 18-1 cut 45 grams gold per tonne over 11.9 metres from 109 metres downhole. Significant assay results were also found up and downhole of the quartz vein. That vein l...Read More
Times have rarely been better for investors.We're going on a full decade of a rising market. Wages have been abnormally flat while a larger percentage of wealth gains are going to those who can afford to boost their portfolios.And right as the Fed started to rain on the parade with looming rate hikes, the new tax bill came in and breathed new life into the largest corporations in the country.Betwe...Read More
"Generic Gold Corp. (CSE:GGC) is a junior exploration company that owns multiple, well-positioned gold properties in the Tintina Gold Belt in the Yukon Territory of Canada. https://t.co/S4qTdewcRA #gold #investing"Read full newsRead More
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Mr. Eric Edwards reports TRIMETALS MINING INC. FILES SECOND QUARTER 2018 FINANCIAL STATEMENTS, MD&A AND ARBITRATION UPDATETrimetals Mining Inc. has released its condensed interim consolidated financial statements for the three and six months ended June 30, 2018, and the related management's discussion and analysis of financial position and results of operations (MD&A). In this press releas...Read More
CloseGain/LossGold $1194.30+$0.90Silver$15.07+$0.08XAU70.69-1.30%HUI152.57-1.26%GDM551.89-1.14%JSE Gold1032.65-66.33USD96.69+0.33Euro113.46-0.54Yen90.12-0.12Oil$67.04-$0.1610-Year2.893%+0.019T-Bond144.03125-0.28125Dow25299.92+0.45%Nasdaq7870.89+0.65%S&P2839.96+0.64% The Metals: Gold gained $5.30 to $1198.70 by late morning in New York before it chopped back down to $1192.20 by early aftern...Read More
Jim Rogers, legendary investor and "Adventure Capitalist" speaks with Mark O'Byrne, GoldCore's Director of Research, in the Goldnomics Podcast (Episode 7).Are the actions of the US administration making China great again? What currency is going to challenge the US dollar as the global reserve? What can we do to protect ourselves against the next financial crash?Key insights:- Blockchain "has a s...Read More
If gold and silver trade below $1200 and $1510 respectively then buyers will vanish and there will be losses. Gold prices in Asia have not fallen due to weaker currencies. There will be higher physical demand. Premiums in gold and silver will rise. I expect gold and silver to rise today. Tomorrow Indian markets are closed due to Independence Day. Hedges (hedge between comex futures-mcx futures a...Read More
"Great Panther Silver (TSX:GPR) is a precious metals producing and exploration company operating in Latin America, exploring deposits in both Peru and in one of Mexico's most historically prolific mining districts. https://t.co/B8hxCMjFzA @Gr8_Panther"Read full newsRead More