On an earnings per share basis, the net income for Q1 was $0.09, which is up from $0.06 year on year. The company's board also declared a dividend of C$0.03/share (US$0.02).Read More
Canaccord Genuity Capital Markets analyst Dalton Baretto called it "a generally solid quarter" with Centerra's financials mostly beating CG's forecasts but added that the mercury issues which led to production being suspended in March at Oksut overshadowed the results.Centerra's revenue for the quarter of US$295 million beat CG's estimate of $261 million and consolidated all-in sustaining costs of...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 32 points at 7:30 AM EDT.First quarter Non-farm Productivity Report is expected to be released at 8:30 AM EDT. Consensus is a drop of 2.3% versus a gain of 6.6% in the fourth quarter of 2021.Etsy dropped $11.98 to $97.35 after the company offered weaker than consensus second quarter sales. Cognizant Technology fell $4...Read More
A change in the government of Pakistan won't impact the development of Barrick Gold's (TSX: ABX; NYSE: GOLD) US$7-billion Reko Diq copper-gold project in Balochistan province, said CEO Mark Bristow on a conference call on Thursday. In early April, Pakistan's Prime Minister Imran Khan, with whose government Barrick reached a deal in March to restart the Reko Diq project after a decade, was ousted...Read More
The U.S. Environmental Protection Agency (EPA) has dealt a fresh blow to PolyMet Mining's (TSX: POM) plans to build an open pit copper-nickel mine in Minnesota, by recommending that the U.S. Army Corps of Engineers not re-issue a key water-related permit.The agency said this week that the US$1-billion NorthMet project, the first large-scale project to be permitted within the Duluth Complex in nort...Read More
Glencore (LSE: GLEN) has inked a deal with Toronto-based Li-Cycle Holdings (NYSE: LICY) to supply the company with all types of manufacturing scrap and end-of-life lithium-ion batteries. The company will also invest US$200 million in Li-Cycle once the agreement is executed, which would give it the right to nominate its head of recycling, Kunal Sinha, on to Li-Cycle's board. The deal is expected...Read More
A new metric to quantify the amount of waste rock generated by mining critical minerals has been created by the U.S. Geological Survey and Apple.Called the "rock-to-metal ratio," the new metric indicates how much ore and waste must be mined, moved and processed to produce a given unit of a mineral commodity. This information has not previously been available on a global scales.The new rock-to-meta...Read More
Centerra Gold (TSX: CG; NYSE: CGAU) saw its first quarter results hit by the suspension of its ?-ks? 1/4 t mine in Turkey, where the adsorption-desorption recovery (ADR) plant has been out of commission since Mar. 18, with no clear timeline for its reopening.The Canadian gold miner posted net earnings of $89.4 million in the first three months of the year, compared to $167.4 million in the first...Read More
Gold Fields Limited (NYSE: GFI; JSE: GFI) says higher-than-expected inflation levels have started eroding the contingency built into the US$860 million capital expenditure (capex) budget for its 100%-owned Salares Norte development project in Chile.CEO Chris Griffith said in Gold Fields's March-quarter production report on May 5 that the cost overrun could hit up to 7% compared with the company's...Read More
Endeavour Mining (TSX: EDV; LSE: EDV) has pulled the trigger on building a recyanidation circuit at its cornerstone Ity operation in C??te d'Ivoire earlier than expected as it seeks to optimize the operation.The US$41 million investment has been moved forward given that the operation is producing excess cash flow in the high gold price environment. With strong operational performance and a cautiou...Read More
Howe Street, Released on 5/5/22*The interview begins at 00:55Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Jim Willie: Death Shots,...Read More
Libs of Tik Tok, Released on 5/5/22https://t.co/pv6fs2bnnI- Libs of TikTok (@libsoftiktok) May 5, 2022 Why isn't the baby formula shortage in America the biggest news story? added by Herman James on 05/06/2022View all posts by Herman James ?+'Read More
Otavio (Tavi) Costa - Twitter, Released on 5/5/22Corporate bonds now falling as much as they did in the March 2020 crash.Back then, the Fed was forced to step in.This time, all we hear is the opposite.If this decline continues, either the tightening cycle will need to be reversed or we're about to see some real issues. pic.twitter.com/E9LmgC4X6V- Otavio (Tavi) Costa (@TaviCosta) May 5, 2022 Ta...Read More
Gold Telegraph - Twitter, Released on 5/5/22Turkey's inflation hits a two-decade high of 70%In early 2022... Turkey tried to encourage citizens to convert around 5,000 tons of #gold savings at home worth $250-350 billion into the financial system. Gold has protected millions of people in Turkey. ???????? pic.twitter.com/rNgIcTz9mk- Gold Telegraph ??? (@GoldTelegraph_) May 5, 2022 Gold has prot...Read More
Clown World Today, Released on 5/5/22??????OE? Twitter marks FDA announcement as misinformation pic.twitter.com/N7OMQ5TjQ3- Clown World Today ??????OE? (@cwt_news) May 5, 2022 Twitter marks FDA's blood clot risk announcement for J&J vaccine as misinformation added by Herman James on 05/07/2022View all posts by Herman James ?+'Read More
Erich Hartman - Twitter, Released on 5/5/22Absolute and total ass covering bullshit from Bill Gates. We KNEW the IFR from COVID was low, and we KNEW it targeted the elderly in early Spring 2020. We cannot let these people pretend like this is new. They broke the world, and must be held accountable. pic.twitter.com/dansp5Db1d- Erich Hartmann (@erichhartmann) May 6, 2022 Bill Gates lies through his...Read More
3%. That's the first take.That's the cost so far, it seems. That's what spiking the economy with the pandemic stimulus - stimuli? - seems to mean for inflation we're seeing today.I'm hesitant to even mention it. We're still dealing with the fallout from the most unprecedented expansion of money in ALL of our lifetimes. This will echo for many years to come.Yet we're far enough away from the stimul...Read More
Anyone paying close attention could have seen this ahead of time. The supposedly massive crackdown on inflation, with the unleashing of the hawks, turned into a nonevent. Rates are now in historically low territory, once you factor inflation, which is running at 11% according to real-time data.That means that the Fed has done almost nothing so far.Fed chairman Jerome Powell said as much in his pos...Read More
Equinox Gold is a growth-focused Canadian mining company operating entirely in the Americas, with seven operating gold mines ...Read More