Industrial stocks have long held a reputation for cash intensity. While it’s true that many industrial stocks have annual capital expenditure budgets of $1 billion or more, that doesn’t mean there isn’t money to be made.There are bargains to be had, especially on the lower end of the market. The following list includes low-priced shares with substantial upside in 2019 and beyond....Read More
In October, Hudbay Minerals (TSX:HBM)(NYSE:HBM) stock traded at just $4.72 per share. This week, the stock surpassed $9 apiece.Still, shares trade at a steep discount to their all-time highs of $28.Why is Hudbay stock up nearly 100%? Is the company finally ready to deliver long-term gains to shareholders?A troubled historyLong term, Hudbay has a terrible track record. In 2003, shares stood around...Read More
Software, metals and mining, and pharmaceuticals may seem like obvious choices for high growth, but what's wrong with obvious choices? Without trying to reinvent the wheel, here is a high-growth mini-portfolio of three outperforming stocks, complete with data for individual stocks as well as its total long-range returns.Descartes Systems Group (TSX:DSG)(NASDAQ:DSGX)Up since the start of the year,...Read More
An infill drill program designed to upgrade inferred resources at its Cerro Blanco project in Guatemala has returned intercepts of 201.4 grams gold per tonne and 2,139 grams silver per tonne over 1 metre from 40 metres downhole, about 20 metres outside the project's current resource envelope, Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) reports.Other highlights included 8.5 grams gold and 7 gr...Read More
Mar 22, 2019 Kitco's own Daniela Cambone is joined by mining all-stars as industry insiders gather to talk silver. The consensus is bullish and optimism for the silver market runs high at this year's reception, the 5th Annual Silver Event at the 2019 PDAC."$1,400 [silver] by the end of the year," said Dan Wilton, CEO of First Mining Gold. Wilton's thoughts on silver are mirrored by other CEOs of t...Read More
Good news from Trenton, New Jersey came through yesterday.A bill to legalize recreational marijuana use cleared two legislative committees and is now set to be voted on next week.This would be a big boost to the current roster of states that allow recreational use.New Jersey would be joining a roster of 10 states, adding about 9 million people to the total population, good for an 11% increase and...Read More
Gold topped out around US$1,900 in 2011 before dropping into a multi-year downturn that bottomed out below US$1,100 in 2015.Since then, gold has bounced around in a narrow range, but recent strength has some pundits wondering if we could be in the early stages of the next big rally.Let's take a look at the current situation in the market and see if this might be a good time to put the miners in yo...Read More
According to global risk consultancy Verisk Maplecroft's latest Resource Nationalism Index (RNI) report, a total of 30 countries have registered a significant increase in resource nationalism risk metrics over the past year, 21 of which are considered major producers of oil, gas and minerals.The RNI is aimed to measure the risk of expropriation, the imposition of more stringent fiscal regimes, and...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) scored a big win this week after the U.S. Forest Service approved the company's mine plan of operations (MPO) for its $1.9 billion Rosemont copper project in Arizona."Rosemont is now a fully permitted, shovel-ready copper project and we look forward to developing this world-class asset," president and chief executive Alan Hair said in a statement.T...Read More
The Mackenzie Valley Land and Water Board issued a Type B water license approving TerraX Minerals' (TSXV: TXR) broad exploration plan for its Yellowknife City gold project, located in Canada's Northwest Territories.According to TerraX, the Water License, which is effective for seven years until March 6, 2026, enhances the new Land Use Permit that the company obtained last February. The permit cove...Read More
Initial results from Argo Gold's (CNSX: ARQ; US-OTC: ARBTF) 2,500 metre winter drill program at its 100% owned Woco gold project near Ontario's Red Lake district have confirmed high grade results reported by previous operators.The company has so far received results for five holes drilled at the Woco mineralized zone, previously identified in 1993. Two of those holes did not encounter any signifi...Read More
Sitting on solid supply and demand fundamentals, palladium may have more room to grow even with the recent run-up in prices, this according to Phil Streible, senior market strategist at RJO Futures. "There's no question on how high [palladium] could go because of the fact that there's limited supply and it's controlled by Russia and what little comes out of South Africa. With the new regulations...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The implementation of tariffs and quotas against US steel and aluminium imports has been heralded and criticized as an unusual trade remedy, with President Donald Trump's administration applying blanket duties rather than more focused - and more typical - anti-dumping and countervailing margins.Section 232 of the Trade Expansion Act of 1962, a cold-war era law, allows the president to place restri...Read More
As of March 23, it has been a full year since US President Donald Trump's administration imposed tariffs against imported steel and aluminium under Section 232 of the Trade Expansion Act of 1962, which allows the president to place restrictions on imports on national security grounds.Trump's trade measures have drawn criticism from several US trading partners who argue that these actions violate e...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Fastmarkets' alumina index fob Australia moved to its highest level since early December due to unrelenting market tightness. The daily fob Australia alumina index rose to $412.94 per tonne on Friday March 22, up from $403.58 per tonne the previous day and 6.7% higher month on month from $386.90 per tonne on February 22. Key drivers Tightness in the market continues to...Read More
A conflict between Norwegian aluminium group Norsk Hydro and the Brazilian federal prosecutors' office, MPF, could put the company's bauxite production in the Northern state of Par?? at risk.MPF is claiming Minera????o Paragominas' operational license for an ore pipeline and a power transmission line expired in 2014. This would mean the bauxite producer is illegally operating the assets, according...Read More
Trading on AIM under the new ticker, ARK, started on March 22. All new share certificates issued for ordinary shares will reflect the new name, although existing share certificates with the old name will remain valid. The company has also changed its Twitter handle and website address to reflect its new name. The name 'Arkle' was taken from the Irish race horse who...Read More
U.S. manufacturing activity eased to the lowest level in nearly two years this month, according to a private reading published Friday, pulling Wall Street lower and piling more pressure on the Treasury yield curve, which inverted for the first since in more than ten years. IHS Markit's flash reading of overall activity in the world's biggest economy was pegged at 54.3 points, well above the 50 m...Read More