American Pacific Mining Corp announced that the initial phase of drilling at the Tuscarora Gold Project in Elko Nevada has expanded from a planned 10-12 holes to a total of 16 drill holes.Read full newsRead More
Mining a dealership's base of service customers for new-vehicle sales makes sense financially, says Nicole Tournaud, business development director of the LaFontaine Automotive Group in Highland, Mich.Read full newsRead More
JAKARTA - Environmental officials have warned of the potentially catastrophic impact of a planned gold mine in a conservation zone in eastern Indonesia, amid mixed signals from the district chief responsible for approving the project. The proposed mine would cover 233 square kilometers (90 square miles), an area four times the size of Manhattan, in ...Read full newsRead More
Gold on Monday held close to 5-1/2 month lows, with a strong dollar offsetting the impact on prices of an escalating trade dispute between the United States and China.Read full newsRead More
Kinross Gold Corp. announced June 12 that it has decided to move forward with a $100 million expansion to the Fort Knox gold mine about 25 miles northeast of Fairbanks.Read full newsRead More
Nordstrom isn't closing nearly as many stores as its larger department store rivals, but it could still generate a meaningful amount of cash from selling unneeded properties.Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index began last week by sprinting to a brand new, all-time closing high at 1318.82, though it could not quite forge its way through 1320 when it topped out at 1319.43 and drifted down slightly to close at 1314.15. In all, the INK CIN held onto a gain of 6.28 points and has built a g...Read More
Fed week is exciting for some. Gold bulls and bugs alike hope the Fed will do something or say something that will trigger a huge move in precious metals. It doesn't work like that. The Fed follows the market, which for the Fed Funds rate (FFR) is the 2-year yield. The 2-year yield has been screaming higher over the past 12 months and it implies at least another two rate hikes in the future. That'...Read More
Uncertainty abounds in recent weeks. One moment it seems all is right with the world, and the next moment the earth is about to erupt into chaos. Combine that with rates that are rising and some semblance of inflation, and it could be just about time to add a little gold to your portfolio.Gold, being the traditional safe haven in times of uncertainty, has been pretty stagnant over the past few yea...Read More
After moving significantly higher on Wednesday and Thursday following the dovish monetary policy issued by both the Federal Reserve and the ECB, the precious metals were ambushed Friday morning by the Comex bank cartel. Right before the Comex gold pit opened on Friday, thousands of gold and silver contract were dumped wholesale into the Comex Globex computer trading system. The deluge contin...Read More
One of the world's biggest mining equipment suppliers, Epiroc (STO:EPIA), has listed on the Stockholm stock exchange, cementing its separation from parent company Atlas Copco.Jacqueline HolmanEpiroc is now a listed entity on the Stockholm stock exchange18 JUNE 201818/06/2018commentsshareThe company's shares started trading on the Nasdaq Stockholm Monday, less than two months after Atlas Copco shar...Read More
Engineer Mine Camp after buildings completed. Tutshi in mid distance. Lawsons camp above smoke stacks. Source: Yukon Archives. Reginald Brook Sr. fonds, #65.Frank Callaghan, founder and former chairman of Barkerville Gold Mines Ltd. [BGM-TSXV; BGMZF; IWUB-FSE], has acquired a 25% stake in Engineer Gold Mines Ltd., a unit of Blind Creek Resources Ltd. [BCK-TSXV] that is being spun out as a separate...Read More
CALGARY - Baytex Energy Corp. and Raging River Exploration Inc. have signed a deal to merge operations.The combined company, which will operate under the Baytex name, is expected to have production of approximately 94,000 barrels of oil equivalent per day from a diverse portfolio of oil assets that includes the Viking, Peace River, Lloydminster and East Duvernay Shale regions in Canada and the Eag...Read More
VANCOUVER - Shares of Arizona Mining Inc. soared in early trading after the company announced a deal to be acquired by Australian company South32 Ltd. that valued the company at about $2.1 billion.Under the deal, South32, which already holds a 17 per cent stake in the company, has agreed to pay $6.20 per share for the shares it does not already hold.Shares in Arizona Mining were up $2.00 or about...Read More
Every single day, millions of Americans demonize capitalism as an intrinsically evil system of repression.Of course, this is nothing new. Anti-capitalism dates all the way back to the very beginnings of capitalism, though it was popularized by Karl Marx in the mid-19th century.Since then, the word continues to be misconstrued and weaponized by the lower classes to use against the wealthy.But let's...Read More
June 18, 2018 (Investorideas.com Newswire) Bob Moriarty of 321 Gold profiles a prospect generator in the Golden Triangle.The Daily Sentiment Indicator tumbled to a value of 9 on Friday Jun 15th. I have said for weeks that we are due a tradable low in the June/July timeframe and it would need to be below 10. So we are in the timeframe and it is below 10. It's just my opinion but I still see too man...Read More
Vancouver, British Columbia - June 18, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Hi Ho Silver Resources Inc. (CSE: HHS) (OTC: HHSRF) (Stuttgart: H9) ("Hi Ho" or the "Company") is pleased to announce that the Company has discovered a major extension to the Canadian Kootenay Clay property and has filed an additional Tenure to extend the property. The new clay deposits were discovered, stake...Read More
June 18, 2018 (Investorideas.com Newswire) Fund manager Adrian Day reviews several senior gold companies, including one he sees as a good buy at current prices.Franco-Nevada Corp. (FNV:TSX; FNV:NYSE, US$70.43)revenue is up, driven largely by its oil & gas royalties, however. Looking ahead, Cobre Panama, Franco's largest ever single investment, will see phased commissioning beginning later this yea...Read More
June 18, 2018 (Investorideas.com Newswire) A BMO Capital Markets report laid out the investment thesis for this Nevada explorer.In a June 8 research note, Andrew Mikitchook relayed that BMO Capital Markets initiated coverage on Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) with an Outperform rating and a CA$3 per share price target "based on a conceptual-stage mine development plan and our ex...Read More
Wrong-Way EventLast week we said something that turned out to be prescient: This is not an environment for a Lift Off Event. An unfortunate technical mishap interrupted the latest moon-flight of the gold rocket. Fear not true believers, a few positive tracks were left behind. [PT] The price of gold didn't move much Mon-Thu last week, though the price of silver did seem to be blasting off. Then...Read More