Commodities had their best quarter in almost three years, driven by supply concerns and optimism over demand. Investors, though, might not want to get too cocky.The outlook for demand is running into troubling signs in the U.S. and China, the two biggest consumers. In early March, China cut its goal for economic expansion, while a report last week showed U.S. growth cooled more than forecast.In th...Read More
Canada's Pure Gold Mining (TSX-V: PGM) expects to begin trading on the main market of the London Stock Exchange this quarter and so lift its international profile ahead of its transition to producer from developer.The Vancouver-based company said it doesn't intend raising capital in conjunction with the admission of its shares.Listing seeks lifting Pure Gold's international profile ahead of its tr...Read More
Vancouver's Teck Resources and Japanese partner Sumitomo Metal Mining and Sumitomo Corp. have closed their $1.2-billion transaction giving Sumitomo a 30% indirect interest in the Quebrada Blanca copper project.The Quebrada Blanca property is 240 km southeast of Iquique at an elevation of 4,400 metres.Teck received the final permit to go forward with a $4.7-billion expansion at the mine and mill in...Read More
Vancouver-based UEX Corporation has shared the third set of assays from the winter drill program at its West Bear cobalt-nickel property in the eastern part of the Athabasca Basin.The company said that 14 of the 20 assays exceeded the cobalt equivalent grade of 0.023% or more.Highlights from the results include hole WBC-063, which intersected 4.5 metres averaging 0.11% cobalt and 0.49% nickel from...Read More
Gold has weakened sharply in recent days plunging below US$1,300 an ounce, creating an opportunity for investors. High levels of economic and geopolitical uncertainty coupled with the Fed adopting a dovish stance on normalizing interest rates means that it is only a matter of time before the yellow metal rallies once again. One of the best ways to access outsized returns when gold rises in value i...Read More
Investing in precious metals can be a wild ride. Buying the stocks of mining companies that produce precious metals can be even more volatile.While pricing swings can be difficult to handle, they often provide limited-time opportunities to buy stocks at a deep discount.Here are three precious metals companies under $5 per share.A classic example of valueLucara Diamond (TSX:LUC) stock fell 30% in...Read More
Investing in stocks that are dependent on commodity prices is always risky. After all, even if the company is running a tight ship and doing what it’s supposed to be doing, if commodity prices aren’t strong, that’s enough to sink the outlook for not only the individual stock, but the entire industry. We’ve seen how a low price of oil has made life difficult for many oil and...Read More
Toronto-based Kirkland Lake Gold has filed an updated 43-101 resource report for its Macassa gold mine in the town of Kirkland Lake. The report includes resources at Dec. 31 ,2018.Two important zones - Main/04 break and South mine complex - are detailed. The Main/'04 break has 775,000 measured and indicated tonnes averaging 17.9 g/t gold and containing 447,000 oz. The South mine complex has 1.0 mi...Read More
Trade wars seem to have become a permanent part of the global investment landscape, with the backlash against globalization continuing to be felt across the world and between nations that had, up until now, been sound partners.With disagreements rumbling on between China and North America, and with a messy Brexit spelling trouble in the eurozone, let's take a look at some of the foreign investment...Read More
The largest pharmacy chain in the country is clearing shelf space for the hottest new drug out there: CBD.Starting now, you'll be able to purchase over-the-counter CBD products at more than 800 CVS stores all around the country. The products being sold at CVS are a mixture of creams, lotions, and vape pens.By now, you probably know that CBD - or cannabidiol - is the non-psychoactive compound in th...Read More
Hecla Mining Co., headquartered in Coeur d'Alene, Idaho, has filed an updated resource estimate for the Casa Berardi gold mine 95 km north of La Sarre, in the Abitibi region.Using a gold price of $1,200 per ounce, Hecla estimates the Casa Berardi reserves contain 1.9 million oz. of gold. The largest increases occurred in the proposed west mine crown pillar and principal pits.Proven and probable re...Read More
Apr 02, 2019 Guest(s): Juan Carlos Artigas Director of Investment Research, World Gold Council Gold has seen a steady uptrend, but investors should still pay careful attention to macroeconomic forces, says Juan Carlos Artigas, director of investment research at the World Gold Council. "There are four drivers of gold that investors need to keep an eye on. The first one is economic expansion. Ther...Read More
Blasting specialist BME USA has been awarded a contract by Usibelli Coal Mine (UCM) in Alaska to supply explosive products and accessories.Part of the South Africa-based explosives leader BME, the USA business was established in Denver, Colo., last year. According to Glenn Watt, BME's senior director for sales and marketing in North America, the supply contract with UCM is for one year, with an op...Read More
Sable Resources (TSXV: SAE) has extended the mineralized corridor at its Margarita silver project in Chihuahua State, Mexico, 350 metres to the northwest with results from its ongoing 19 hole Stage 2 drill program.The company is targeting the project's Margarita Vein, where it recently drilled the project's best intercept to date. Hole 24 cut 116.93 grams silver, 0.7% zinc, 0.21% lead and 0.17 gra...Read More
Elysis, a joint venture of Rio Tinto Alcan and Alcoa - has chosen the site for its new research and development facility in the Saguenay-Lac-Saint-Jean region. It will be located at Rio Tinto's Jonquiere complex, home of the Arvida smelter and R&D lab.The new facility should be fully functional in the second half of 2019 and employ more than 25 experts. The lab has the financial backing of the gov...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Tuesday as shares of Walgreens Boots Alliance (WBA - Get Report) declined after the Dow component missed earnings estimates. Dow Inc. (DOW shares climbed 4.8% to $56.04 in their debut on the New York Stock Exchange. Shares of Lyft (LYFT fell slightly in their third day of trading f...Read More
Russian aluminium producer Rusal is again shipping fresh primary aluminium to the United States and Europe following the removal of sanctions against the company in January, according to chief executive Evgenii Nikitin, Rusal's press office told Fastmarkets on Tuesday April 2."The volume [of supplies to Europe and the US] has been fully restored on aluminium. It has not been resumed on alloys, tho...Read More
Nickel was the standout performer among base metals in trading on the London Metal Exchange on Tuesday April 2, with an increase of $35 per tonne making it the only base metal not to show a fall.Tin was one of the worst performers, with its price going down by $220 per tonne to $21,200 per tonne in Tuesday trading.The price of lead fell by $20.50 per tonne to $1,990.50 per tonne, making it one of...Read More
Fastmarkets has corrected its assessment of the premium for aluminium P1020, fca South Korea, duty-free, which was published incorrectly on Tuesday April 2 due to an error.The premium for P1020 in South Korea was incorrectly given as $110-130 per tonne. The correct figure was $115-135 per tonne, unchanged from the previous assessment on March 26. This was correctly displayed in the pricing rationa...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 2, 2019 There’s a time for gold stocks to rally... and a time for consolidation and retracement.Please click here now. We have joy, we have fun, we have gold price seasonality in the sun? To view seasonality on the daily gold chart, please click here now. Double-click to enlar...Read More