Gold stocks are percolating. And while much work remains before their long-term technicals turn bullish, the whole sector could be worth a trade here.Read full newsRead More
Gold stocks are percolating. And while much work remains before their long-term technicals turn bullish, the whole sector could be worth a trade here.Read full newsRead More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, revealed Thursday that revenue in the first quarter of the year had slumped almost 50% after reduced operations at its flagship Bulyanhulu gold mine continued to drag sales down.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), also said production dropped 45% to 120,981 ounces in the first three months of 2018 when compared to...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Wednesday was an upbeat 83-71-140. The TSX Venture Exchange rose five points to 802 while polished diamond prices inched lower. Dermot Desmond's Mountain Province Diamonds Inc. (MPVD) rose one ce...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold rose $2.00 to $1,349.20 on Wednesday. The TSX Venture Exchange added 5.05 points to 802.60 while the TSX Gold Index rose 1.73 points to 191.32. Most Canadian gold miners were strong today. Premier Gold Mines Ltd. (PG...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange gained 5.05 points to 802.60 Wednesday. Robin Hutchison's second capital pool shell, RMR Science Technologies Inc. (RMS: halted), plans to acquire a Nevada biotech start-up called Cannogen Biosciences Inc. for...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for May delivery gained $1.95 to $68.47 on the New York Merc, while Brent for June gained $1.90 to $73.48 (all figures in this para U.S.). Western Canadian Select traded at a discount of $16.65 to WTI ($5...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellA judge has ordered Yelena Furman, the New York woman who admitted to helping Canadian Myron Gushlak in a shell scheme, to give up an impressive list of gifts that she received from Mr. Gushlak. The list includes 21 pairs of expensive shoes, a 5.82-ca...Read More
Researchers with the Ecole Polytechnique Federale de Lausanne in Switzerland discovered that a planetary "embryo" whose size was between Mercury to Mars gave origin to the meteorite fragments that form the Almahata Sitta collection. The pieces were recovered from the Nubian Desert in Sudan a decade ago.Such fragments contained diamonds of some 100-microns in diameter and have been objects of study...Read More
Sixteen miners are trapped inside a gold mine in Colombia following the collapse of the quarry's entrance. The mine is located in the municipality of Marmato, which belongs to the northwestern Caldas province. The miners are said to be in good health and they are supposed to have enough air to breathe. The regional Department of Risk Management, Environment and Climate Change made public the infor...Read More
By: Paul FarrugiaGold and silver mining stocks face increased risks and uncertainty in 2018, not seen by investors and mining management teams for quite some time. Many of the top risks to gold stocks are related to geopolitical and financial, which will only compound the already high operational risks. Many of these top risks to gold stocks can be applied to silver stocks and any commodity stocks...Read More
Below is a must-read essay from a friend and colleague of mine, Chris Marcus, who is a former options trader (Wharton MBA) that now lives in Denver. Many of you may not be aware, but Mark Cuban made his fortune the old fashioned way - he was lucky to be in the right place at the right time. Cuban owned Broadcast.com (a relic of the 1990's tech bubble). Yahoo.com used tech bubble stock "wampum"...Read More
Sometimes you come across stories that sound 'too good to be true'. But when a patented technology to convert used motor oil into useable products has been vetted, confirmed and approved by at least three independent parties (including the Wood Group and Stantec), there must be something to it. On top of that, a 5 barrel per day pilot plant also confirmed the technology really works. And this make...Read More
BHP has cut its full-year iron ore guidance after production in the March quarter came in well below expectations.Kristie BattenBHP reduced full-year guidance for Olympic Dam due to a slower-than-expected ramp-up19 APRIL 201819/04/2018commentsshareIron ore shipments for the quarter were 58 million tonnes, up 8% year-on-year, but down by 6% quarter-on-quarter.UBS had forecast a strong rise in shipm...Read More
Maclean Battery electric BT3 Boom TruckHeadquartered in Collingwood, Ontario, and serving some 23 countries, MacLean Engineering has been developing underground mining equipment for over 45 years. Family-owned MacLean Engineering has a large manufacturing footprint. Besides the main offices, the company has an 65,000 square foot facility in Collingwood, an 60,000 square foot facility in Owen Sound...Read More
Aurora Cannabis Inc. (TSX:ACB) plans to build a cannabis growing facility that would produce ~150,000 kgs annuallySmallCapPower | April 19, 2018: Aurora Cannabis Inc. (TSX:ACB) Monday announced that it plans to build a massive 1.2 million sq. ft. facility in Medicine Hat, Alberta that would produce ~150,000 kgs annually on completion. For this purpose, Aurora Cannabis has acquired ~71 acres of l...Read More
Goldboro Location MapAnaconda Mining Inc. (ANX-TSX, ANXGD-OTC), on Thursday released more drilling results from the company's Goldboro Project in Nova Scotia.Anaconda shares rallied on the news, rising 4.05% or $0.015 to 38.5 cents in late morning trading, Thursday.The latest results include assays from five drill holes (1,621 metres) of a 30-hole program that commenced in October 2017. The drill...Read More
The gold juniors on our list have seen strong returns over the past monthSmallCapPower | April 19, 2018: Gold prices have increased over the past month, driven by Syrian geopolitical tensions, up to US$1355/oz. from US$1310/oz. one month ago. The gold juniors on our list today have seen average returns of 22%, outperforming the GDXJ, which increased 6% over the same period. Strong exploration resu...Read More
TORONTO - A subsidiary of Toronto-based Barrick Gold Corp. says gold production at its Tanzanian operations plunged 45 per cent last quarter as it grappled with export restrictions from the country.London-based miner Acacia Mining, owned 64 per cent by Barrick, says the drop in production resulted from reduced operations at its Bulyanhulu mine and producing mostly from lower-grade stockpiles a...Read More
"I will tell you how to become rich.Be fearful when others are greedy. Be greedy when others are fearful."If you know anything about Warren Buffett, you know this quote really defines his investment strategy.It's how the Oracle of Omaha became one of the richest people in the world, and it's how guys like me have been able to build significant wealth.I'm not saying I have anywhere near the swagger...Read More