It has been a tough time for investors in intermediate gold miner Eldorado Gold (TSX:ELD)(NYSE:EGO). The miner, which recently completed a 5:1 share consolidation, has lost 18% over the last year compared to gold, which has been flat over that period. There are signs that it won't be plain sailing for the beaten-down miner, as it wrestles with a range of operational, geopolitical, and financial ri...Read More
Hello again, Fools. I’m back to call attention to three stocks that popped last week. Why? Because after a given stock soars over a short period, one of two things usually happens: it keeps on flying as short-term oriented traders look to pounce on the momentum; or it pulls back sharply as cautious investors look to lock in profits.Fundamentals count most over the long run, of course. But kn...Read More
Vancouver-based Copper Mountain Mining Corp. has published a new integrated mine plan that increases both copper and gold production, extends mine life, and lowers cash costs.The new plan includes a modest expansion of the existing Copper Mountain mill to 45,000 t/d and integrates production from the New Ingerbelle deposit.The company has only good things to say about the proposed changes. Mineral...Read More
I spent the bulk of the last month in two countries that have been ravaged by drugs and violence for decades.Both have borne witness to gang wars that have killed more people than the populations of some large U.S. cities. They've witnessed crimes so brutal that you wouldn't believe it if you read them in a horror novel. The citizens have lived through government corruption that makes the United S...Read More
Firmer gold has attracted considerable attention for gold miners with investors combing the industry looking for bargain-basement opportunities. One that’s been gaining attention is Kinross Gold Corp. (TSX:K)(NYSE:KGC), which has spiked by almost 9% since the start of 2019. This has garnered considerable interest from some pundits, who are claiming that it’s poised to deliver value for...Read More
I used to think Stephen Colbert was funny.But then I realized he was a partisan hack. He, and a slew of other media personalities, has made that abundantly clear during Trump's presidency.They're down if he's up. They're black if he's white.It's reflexive opposition without consideration of facts.Trump has done many bafoonish things, no doubt. But some good things have come about this presidency a...Read More
Bayhorse Silver of Vancouver has poured the first silver bullion from its mine of the same name in the central part of the state. The button contains 37.69 oz. of .9999 fine silver, and is stamped with the Liberty Refinery purity mark.The silver comes from a part of a 175 kg sample taken from the Bonanza vein. The sample was ungraded, and the silver content varied but assayed 10,528.6 g/t silver....Read More
De Beers Group has decided to merge its mining assets in Canada and South Africa under the name De Beers Group Managed Operations. The change is expected to create a more sustainable business and to streamline operations in both countries.De Beers announced the change as its mining footprint in both countries is shrinking due to the closure of the Snap Lake mine in Canada's Northwest Territory and...Read More
In general, I have an aversion to commodity companies. They are price takers, meaning that no matter how good the company is, it can be thrown to the wolves if the global order changes and commodity prices fall. They are extremely volatile in nature, and are as likely to destroy wealth as to create it.That said, not every commodity is doing poorly at the moment. Although oil continues to be a drag...Read More
While silver has followed gold higher in recent weeks to be up by 3% since the start of 2019 and trading at around US$16 an ounce, many primary silver miners have failed to rally. Pan American Silver Corp. (TSX:PAAS)(NASDAQ:PAAS), which recently completed the takeover of Tahoe Resources Inc., is down by 3% over the same period, creating an opportunity to acquire the world's premier silver miner at...Read More
Whether it was a premeditated move by CEO Mark Bristow to launch Barrick's hostile bid only a couple of hours before Newmont's outgoing boss Gary Goldberg was scheduled to speak to a select group of investors isn't clear.What is apparent though is that the outgoing Newmont CEO came prepared for such an eventuality by opening his presentation at the BMO Capital Markets mining conference in Hollywoo...Read More
OceanaGold (TSX: OGC; US-OTC: OCANF) has tabled a maiden resource at its WKP gold prospect, 10 km north of its Waihi gold mine in New Zealand.WKP's East Graben vein contains 410,000 indicated tonnes grading 18 grams gold and 22.7 grams silver for 234,000 oz. gold and 296,000 oz. silver. Its East Graben vein and T-Stream veins also contain 1.05 million inferred tonnes at 11.9 grams gold and 16.8 gr...Read More
Mining Stocks BookA review on the e-book Mining Stocks Guide.Mining Stock Investment Guide ReviewNew to the Sector? This is the Resource You've Been Looking ForThe Mining Stocks Investor Guide (MSIG) is a must-read for those who are new to the mining sector. In fact, in all my reading I haven't found another book that summarizes each of the primary topics associated with mining stocks investment l...Read More
The gold miners' stocks surged strongly last week, blasting to new upleg highs. The mounting gains are naturally driving more interest in this small contrarian sector, shifting sentiment towards bullish. Despite their accelerating rally, gold stocks still remain fairly low technically and deeply undervalued relative to gold. So their strengthening upleg likely has plenty of room to run consi...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average trimmed its gains to close modestly higher Monday after Donald Trump said he would delay increasing tariffs on China-made goods.General Electric Co. (GE) will sell the biopharma portion of its life sciences business to Danaher Corp. (DHR) for $21.4 billion in cash. GE shares jumped 6.4%. Swiss p...Read More
The No. 2 copper scrap discount for China has widened notably in February mainly on increased scrap availability after a rebound in the copper price, while the industry is still lobbying with the government to avoid a total scrap ban that could happen as soon as 2021.Fastmarkets assessed the discount for birch and cliff scrap of 94-96% copper content on a cif China basis at 28-34 cents per lb this...Read More
PI Financial's Chris Thompson and Philip Ker say investors should watch for a potent reversal and widening of the gold-to-silver ratio to historic highs (roughly 86:1) which will favour accumulating select silver-focused stocks over gold stocks.2019 should be a good year for Canadian gold and silver stocks. Investor sentiment for precious metals mining stocks improved in 2018's fourth quarter, led...Read More
Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Monday February 25, with investor attention diverted amid a more than 2% tumble in oil futures over the afternoon, while US-China trade talks continue to act as a strong tailwind for prices. Leading the complex higher over the afternoon, the three-month tin price increased by more than 1% over the...Read More
A flurry of fresh cancellations in LME copper this month has left market participants questioning the metal's depleting exchange inventories.Declining London Metal Exchange stocks have seen copper's three-month price surge above $6,500 per tonne this morning, its highest level since July 2018. Stock movements have predominantly taken place across US locations in February, allowing t...Read More
(Adds Newmont CEO interview comments)By Ernest ScheyderHOLLYWOOD, Fla., Feb 25 (Reuters) - Barrick Gold Corp's chief executive defended the world's largest goldproducer's hostile $18 billion bid for Newmont Mining Corp , saying on Monday the deal is "logical" for an industrybattling high costs and depleting resources.Barrick, which recently completed a $6.1 billion acquisitionof Africa-f...Read More