The mid-tier gold miners' stocks have been rallying on balance in recent months, carving a solid young upleg. They've mostly finished reporting their latest fourth-quarter results, revealing how they are faring fundamentally. Their operating and financial performance is very important for investors, as the mid-tier realm is where most of the gold-stock sector's gains accrue. They fared reall...Read More
Growing economic and geopolitical uncertainty continues to weigh on stocks and support the price of defensive assets — notably, gold. There are growing claims among analysts that gold could reach US$1,400 an ounce or even higher during 2019. This will be a boon for gold miners with high-quality low-cost operations, like Dundee Precious Metals (TSX:DPM).Production at Krumovgrad commencesThe i...Read More
Amarillo Gold (TSXV: AGC) has reinterpreted its resource model for the Posse gold deposit at its Mara Rosa gold project in Goias State, Brazil, and with it updated the project's resource estimate. The company says its new model fundamentally alters its understanding of mineralization at Posse.The updated resource model spans three contiguous zones and includes a higher grade core that Amarillo cou...Read More
Despite the claims by some pundits that silver, known as poor man's gold, is overdue for a massive rally, there are signs that the white metal will remain weak over 2019. This is a tremendous deterrent against choosing to invest in primary silver miners, particularly when it is considered that even with gold firming to over US$1,300 per ounce, silver has failed to perform.Lack of investmentThe whi...Read More
British Columbia Investment Management Corporation (BCI) says it will vote against the proposed merger of Goldcorp (TSX: G; NYSE: GG) and Newmont Mining (NYSE: NEM) due to Goldcorp's decision to award its chairman, Ian Telfer, a $12 million retirement allowance.BCI, which provides investment management services to B.C.'s public sector and has about $145.6 billion under management, says the retirem...Read More
Toward the end of 2018 gold rallied sharply peaking at over US$1,343 per ounce before pulling back to be trading at US$1,313 an ounce. This has been a boon for gold miners with many rallying sharply to see the VanEck Vectors Gold Miners ETF rising by 21% for the year to date, which is around seven times greater than gold's 3% gain. There are signs that despite the yellow metal's latest pullback,...Read More
Brexit, a global economic slowdown, and trade uncertainties are all contributing to stronger precious metal prices. It also helps that within Basel III, gold is categorized as a risk-free asset.Basel III is a set of international banking regulations developed by the Bank for International Settlements to promote stability in the international financial system. This set of tougher rules (compared to...Read More
Now that hemp-derived cannabidiol (CBD) is legal in the United States, the scramble is on to secure market share.It's legal because hemp contains little Tetrahydrocannabinol (THC) - the stuff that gets you high.As of December 20, 2018, as long as it's less than 0.3% THC, Uncle Sam says it's ok.The money is moving in.Last fall, Canopy Growth (NYSE: CGC)(TSX: WEED) paid C$429 million to acquire Ebbu...Read More
Cementation Americas has signed an agreement to acquire 100% of Terra Nova Technologies (TNT).Established in 1997 in San Diego, California, TNT subsequently added offices in Boise, Idaho, and Santiago, Chile, that have served their global clientele by delivering approximately 75 projects in more than 15 countries. With this diverse international footprint, TNT has earned a solid reputation for pro...Read More
The first hole of Wallbridge Mining's 2019 surface drill program has intersected six instances of visible gold and other mineralized veins over about 275 metres of core at Area 51.The discovery of Area 51 - a new zone 300 metres southwest of the Fenelon deposit - was announced in January 2019. Hole FA-19-052 confirmed the find with an intersection of 2.71 metres grading 12.70 g/t gold. The zone ha...Read More
Vancouver-based Atlantic Gold Corp. has updated reserves and mine life for its Moose River Consolidated gold project. Contained gold is up 27% and the life of the MRC project has been extended to more than 10 years.Successful drill campaigns at the Touquoy, Fifteen Mile Stream and Cochrane Hill deposits provided the extra ounces. The reserves include 23.0 million proven tonnes grading 1.16 g/t gol...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher Monday in cautious trading as global growth concerns continued to weigh on Wall Street. Shares of Biogen (BIIB) rose 1.6% after its board approved a $5 billion share repurchase program. Viacom Inc. (VIAB) surged 3.9% after reaching a deal to renew its distribution contra...Read More
The mid-tier gold miners' stocks have been rallying on balance in recent months, carving a solid young upleg. They've mostly finished reporting their latest fourth-quarter results, revealing how they are faring fundamentally. Their operating and financial performance is very important for investors, as the mid-tier realm is where most of the gold-stock sector's gains accrue. They fared reall...Read More
Martin Riesen, head of trading at storied metals merchants MRI, left the company on Monday March 25, Fastmarkets understands.Riesen was promoted into the role in March 2017. His departure follows that of head of copper concentrates trading...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, March 25 (Reuters) - Copper prices touched theirlowest level in more than a month on Monday on worries aboutglobal economic growth, but falling inventories and the upcomingpeak demand season for industrial metals were seen curbinglosses."There are some headwinds from a macro perspective after thebroader reaction...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Monday March 25, capped by low-volumes trading while risk appetite continues to falter in the wake of last week's US Federal Reserve policy meeting. Volumes traded were low over the day's trading, with copper leading the complex at just over 12,000 lots changing hands by the close, down from 26,065 lots on...Read More
The Comex copper market was listlessly trading on Monday March 25 morning in the United States, with the market in a general state of paralyses. The copper price for May settlement on the Comex division of the New York Mercantile Exchange was flat at $2.8425 per lb. Without fresh catalysts, the red metal has been unable to generate a consistent direction over the last few weeks, which has continue...Read More
Jack ChanPosted Mar 25, 2019Gold sector as represented by $HUI is on a long-term sell signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term buy signal.Short-term signals can last for weeks and are more suitable for traders.COT data on gold is supportive for overall higher prices.COT data on silver is also supportive f...Read More
(Corrects industry body name to Minerals Council from MinesCouncil)JOHANNESBURG, March 25 (Reuters) - South Africa's gold andplatinum mines will shed around 90,000 jobs in the next threeyears as above-inflation electricity price increases by powerutility Eskom add to already soaring operating costs, anindustry body said on Monday."In total, as many as 90,222 jobs would be at risk solely asa r...Read More
Martin Riesen, head of trading at storied metals merchants MRI, left the company on Monday March 25, Fastmarkets understands.Riesen was promoted into the role in March 2017. His departure follows that of head of copper concentrates trading...Read More