The past couple of months have been volatile for junior gold miners and the precious metals sector, as a whole. The turbulent US Presidential election, looming second wave of COVID-19 infections and depleting gold supply have contributed to the bullish rally of gold stocks and silver stocks. At the same time, several names have fallen 30% or more from their highs with the recent correction in gol...Read More
Strong gold prices boosted Canada's main stock index futures on Monday ahead of the U.S. presidential election on Wednesday. As demand for the precious metal rose, gold prices registered a 0.47% gain to $1888.7 per ounce. This comes amid a strengthening second wave of COVID-19 infections, which weakened the US dollar and saw global investors shift capital towards safer havens. Predictably, this...Read More
With two months left until the end of the year, the chances for a final spurt on the stock markets are looking better. Various industry insiders have expressed their optimism for a bullish run for gold prices and gold stocks at the end of the year. Chris Vermeulen, market strategist of Technical Traders, sees the gold price at the end of 2020 climb to $2,300 an ounce. This will increase the value...Read More
Firmer gold prices and renewed optimism around a U.S. stimulus agreement before the presidential election lifted Canada's main futures stock index on Monday. The yellow metal gained 0.58% and rose to $1,913.4 per ounce. Gold has gained over 26% so far this year, providing a hedge against inflation risks and currency debasement. Its bullish rally gave junior miners a lift from financings o...Read More
September saw high volatility across the markets for all asset classes. The stock market fell from record highs with gold correcting since reaching a record high in early August. The same trend followed silver followed although both precious metals picked up steam on the downside in September when faced with the potential for risk-off conditions in markets. Lower gold prices and silver prices are...Read More
Canada’s main stock index opened higher on Wednesday and was able to offset some of the losses from its worst day in two weeks in the previous session. Gains in gold stocks and silver stocks of Canadian mining companies were largely responsible for the change in direction. In the month leading up to the US Presidential election and with a worsening second wave of COVID-19 infections, gold i...Read More
Tuesday’s session on the Toronto Stock Exchange saw gold prices reclaim the psychologically important $1,900 an ounce mark, booking their highest settlement in a week. This reaffirmed the sentiment among gold stocks enthusiasts and some commodity experts that gold remains a strong investment in the long term. While almost all TSX gold stocks have had a huge year up until this point, Canadia...Read More
The traditional safe havens gold and silver continue their bullish run. Gold is up almost 30%, while silver is up more than 50% from the start of 2020. With global economic growth expected to remain subdued ahead of the second wave of COVID-19 infections, precious metals could continue to trade strong for the next few quarters. This week saw a correction in gold prices as the US Dollar recovered...Read More
With investors and analysts remaining bullish on gold, silver fits neatly into investments related to sustainability. Since the start of 2020, gold has rocketed to a new all-time high near $2,070 in early August, up 40%. At the same time, silver bottomed in March near $12, then soared to a $29 peak, also in early August, for a blistering 140% gain in just 4½ months. Silver has heavily out-...Read More
The silver stocks of Canadian mining companies have had a roller-coaster ride of a year, getting sucked into March’s stock panic before skyrocketing out in a massive upleg. While much-higher silver prices have radically improved silver-stock fundamentals, Q2’s national lockdowns to curb the spread of COVID-19 wreaked havoc on this sector. The junior miners’ latest quarterly resul...Read More
Brazilian miner Vale SA said it has not reached an agreement with Australia's New Century Resources Ltd to sell its stake in New Caledonia nickel project and now is preparing to potentially shut it down, according to a securities filing on Monday.Read full newsRead More
Gold prices climbed higher in Tuesday’s trading session as a weaker dollar countered some pressure from the better-than-expected U.S. manufacturing data, which offered a correction from a two-week high. Spot gold was up 0.1% to $1,971.61 per ounce, having earlier hit its highest since Aug. 19 at $1,991.91. U.S. gold futures settled marginally higher at $1,978.90 per ounce. With gold...Read More
The recent bullish run of gold came to a brief stop at the close of markets on Monday, August 24th. Gold prices edged lower and continued to consolidate. The correction comes ahead of US Presidential elections and amid improving US – China tensions. Dropping to fresh daily lows, around the $1915 region in the first hour of Wednesdays trading session, analysts believe a secondary break...Read More
The SPDR Gold Trust (GLD) is increasingly resorting to sourcing gold bars at the Bank of England - at least 70 tonnes of gold and possibly up to 150 tonnes.Read full newsRead More
Warren Buffett's Berkshire Hathaway bought a stake in Barrick Gold in the second quarter, a Friday filing showed. Barrick Gold surged as much as...Read full newsRead More
Canada's TSX stock index edged higher on Tuesday, boosted by major and junior gold miners after prices of the yellow metal climbed further this week after a much needed healthy correction during last week’s Friday session. Gold process rose more than 1% on Tuesday and climbed back above the $2,000 level breached earlier this month. As a whole, the materials sector added 0.9% as gold f...Read More
NORTH BAY - The Ontario government is investing $5 million in Norgalv to help the steel galvanizing company open a new plant in North Bay. The funding is being delivered through the Northern Ontario Heritage Fund Corporation (NOHFC) and will be used to build a new facility, purchase equipment and establish a single production line, creating 45 new full-time jobs."We are proud to support the expans...Read More
SK Innovation will commercialize the world's first nickel cobalt manganese (NCM) batteries that contain 90 percent nickel, according to industry sources on August 10. ?EUREURThe South Korean battery maker will supply lithium-ion batteries that contain 90 percent nickel, 5 percent cobalt and 5 percent manganese inside cathodes to Ford F-150 electric pickup trucks set for release in 2023, they said....Read More
Gold miners remained one of the biggest coronavirus beneficiaries.Read full newsRead More
BOISE, Idaho (AP) - The U.S. government on Friday released a draft environmental report on the potential effects of three open-pit gold mines in salmon habitat in central Idaho proposed by a Canadian company. The U.S. Forest Service will take comments for 60 days on the documents involving British Columbia-based Midas Gold's plan that includes restoration work in the already heavily mined area. Mi...Read More