Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second-largest bullion producer, is going hostile in its bid to acquire U.S. rival Newmont Mining (NYSE:NEM) and create a mega-gold corporation with a $17.8 billion all-share offer.The move, announced before markets opened on Monday, increases the potential for a three-way fight among some of the world's largest gold miners, and comes after N...Read More
Gary Goldberg isn't pulling the trigger on a $10 billion gold-mining acquisition because he has to, you know. The CEO of Newmont Mining Corp. said Monday morning of his acquisition of Goldcorp Inc.:Simply put, this is not a deal we have to do. This is a deal that we want to do.Sometimes, though, one's choices are influenced by the choices of others. In this case, Goldberg can't have failed to noti...Read More
Michael Klein - World Economic Forum 2008From breaking into an elite cabal of Saudi Arabian advisers, to being called to work on what could be one of the largest-ever mining takeovers, Michael Klein is making his mark as one of the world's top dealmakers.The former star Citigroup Inc. investment banker is advising Barrick Gold Corp. on its hostile $17.8 billion offer for Newmont Mining Corp. in a...Read More
Niron Metals, headed by the former boss of Xstrata Mick Davis, will develop Guinea's Zogota iron ore deposit, previously owned by BSG Resources (BSGR).The news, confirmed via an emailed statement, follows a Monday agreement between Israeli tycoon Beny Steinmetz, BSGR's owner, and the government of Guinea over the rights to Simandou, one of the world's largest untapped reserves of iron ore."[BSGR's...Read More
Feb 26, 2019Here are today's videos and charts (double-click to enlarge):SFS Key Charts, Signals, & Video Analysis SF60 Key Charts, Signals, & Video Analysis SF Trader Key Charts, Signals, & Video Analysis SFJ Key Charts, Signals, & Video AnalysisThanks,Morris HubbarttUnique Introduction For Web Readers: Send me an email to signals@superforcesignals.com and I'll send you my "Hot...Read More
Substantial economic and political uncertainty have helped to buoy precious metal prices in recent months, causing gold to surge to over US$1,343 per ounce, leading many analysts to proclaim that the yellow metal has entered a new bull market. Even a firmer U.S. dollar and higher interest rates, which are usually viewed as being bad for gold, have failed to prevent its rally. There are signs that...Read More
After a lacklustre 2018 that saw silver plunge to under US$14 per ounce, the white metal has recovered following higher gold, recently breaking through the psychologically important US$16 an ounce mark. While silver's outlook is poor, this shouldn't deter investors from boosting their exposure to the precious metal because there are signs it is poised to move higher in coming months. An attractive...Read More
MGX Minerals and its partner, the University of British Columbia, has completed the first phase of work to create next-generation lithium-ion batteries capable of quadrupling energy density up to 400 Wh/kg from the current 100 Wh/kg.The first phase of work involved a baseline assessment of metallurgical silicon from MGX's three projects in southeast British Columbia.The second phase of work, now u...Read More
Feb 26, 2019 Guest(s): Peter Tagliamonte President & CEO, Belo Sun Mining Miners face a number of issues that aren't solely financial, said Peter Tagliamonte, CEO of Belo Sun Mining. "I think in general, in the world right now, permitting social license is very important," Tagliamonte told Kitco News on the sidelines of the Gold Stock Analyst Investor Day. "I think mining projects, in general, a...Read More
On January 3, China landed a spacecraft on the far side of the moon - a historic first.Another milestone was reached yesterday, when SpaceX launched the first commercial lunar lander on behalf of Israel.If it succeeds, Israel will become the fourth country to make it to the moon, behind Russia, America, and China.Of course, it won't be the last... even in just 2019.Because two more moon missions a...Read More
It's easy to think that metals and mining stocks are all alike at first glance. However, this is not the case, with a wide range of multiple mixes, dividend yields (or, more commonly, the lack of), and outlook making for an uneven playing field. The four TSX index stocks detailed below therefore offer four subtly different plays in the metals and mining space.Goldcorp (TSX:G)(NYSE:GG)Investors loo...Read More
Equinox Gold (CVE: EQX) has attracted a $130m investment from Abu Dhabi's state-owned Mubadala Investment Co. in the form of convertible notes.The notes are for five years with a 5% interest rate convertible at $1.05 per share, a 25% premium to the 10-day volume weighted average Equinox share price. Mubadala will be granted a seat on Equinox's board and standard anti-dilution rights.Equinox plans...Read More
Goldcorp has revealed the names of the three finalists that will pitch their ideas to the panel of judges at the #DisruptMining live finale Sunday, March 3 in Toronto. The event will be co-hosted by KPMG.The finalists - who are competing for the opportunity to negotiate up to $1 million investment in the winning technology - are:Anaconda Mining for its revolutionary drilling approach to narrow vei...Read More
Feb 26, 2019 Guest(s): Jeffrey Pontius CEO & President & Director, Corvus Gold The largest mergers in the mining industry are validation of the precious metals entering an uptrend, but what they really signify is a readiness of large miners buying new deposits, said Jeff Pontius, CEO of Corvus Gold. "When you look at some of these big acquisitions, they all have projects that are in late life, t...Read More
OceanaGold Corp. (TSX: OGC; ASX: OGC) has published an initial resource estimate for its high-grade discovery at WKP, 10 km north of its Waihi gold mine in New Zealand.WKP contains 234,000 ounces of gold and 296,000 ounces of silver in the East Graben vein contained within 0.41 million indicated tonnes grading 18 grams gold per tonne and 22.7 grams silver per tonne.OceanaGold intends to drill 14,5...Read More
Feb 26, 2019 Guest(s): Rudi Fronk CEO, Seabridge Gold While the senior producers are busy buying each other, investors are diverted away from the fact that these large miners are running out of mine life and need to start buying fresh deposits, said Rudi Fronk, chairman & CEO of Seabridge Gold. "The elephant in the room that nobody talks about, even with these mergers that are going on, is t...Read More
Anaconda Mining (TSX: ANX; US-OTC: ANXGF) began a feasibility study on Goldboro in February that it expects to finish by the end of 2019. The study will incorporate results from 22,000 metres of diamond drilling the company completed in 2017 and 2018 as well as the ongoing bulk sample, and an updated mineral resource the company expects to table in 2019's third quarter.The company tabled an update...Read More
Feb 26, 2019 Guest(s): Keith Neumeyer CEO, First Majestic A major bid, most likely from central banks, is coming onto the market for gold and is affecting silver in a positive way, said Keith Neumeyer, CEO of First Majestic Silver. "I want to see silver really break through $17.50 to $18.00 [an ounce]. I think that's kind of the key number. We did test that level in early 2018 and it failed and...Read More
Feb 26, 2019Here are today's videos and charts (double-click to enlarge):SFS Key Charts, Signals, & Video Analysis SF60 Key Charts, Signals, & Video Analysis SF Trader Key Charts, Signals, & Video Analysis SFJ Key Charts, Signals, & Video AnalysisThanks,Morris HubbarttUnique Introduction For Web Readers: Send me an email to signals@superforcesignals.com and I'll send you my "Hot...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended slightly lower Tuesday after Home Depot (HD) slumped.Home Depot posted weaker-than-expected fourth-quarter earnings and forecast slower 2019 profit growth. The stock fell 0.8%.Tesla (TSLA) ended down just slightly after the Securities and Exchange Commission asked a judge to hold CE...Read More