U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points in pre-opening trade.Barrick Gold slipped $0.12 to US$20.17 after reporting less than consensus second quarter revenues and earnings. Pfizer was unchanged at $49.27 following news of its acquisition of Global Blood Therapeutics for $68.50 per share cask. Value of the offer is estimated at $5.4 billion. Global...Read More
Despite Coeur Mining (TSX: CDE) reporting June-quarter production and costs mainly in line with Bay Street estimates, at least one analyst has downgraded the issuer while flagging concern over perceived balance sheet risk over the coming 12 months.Canaccord Genuity Capital Markets analyst Dalton Baretto has downgraded the issuer to 'HOLD' from 'BUY' and is modestly reducing his target price to US$...Read More
B2Gold (TSX: BTO; NYSE-AM: BTG) and AngloGold Ashanti (NYSE: AU; JSE: ANG;) have put their Gramalote gold joint venture in Colombia on hold. In a news release on Aug. 3, B2Gold said that based on preliminary results from their optimized feasibility study for Gramalote, the miners determined that Gramalote doesn't meet their investment thresholds for developing the project. "In conjunction w...Read More
Canadian miners are mourning the passing of industry heavyweight Ned Goodman (1936-2022).Over more than 30 years, Goodman has made transformative and enduring contributions to Canada's minerals industry and capital markets as a company-builder, merchant banker and investment advisor during a dynamic career spanning almost half a century.Montreal-born Goodman applied his geological training and bus...Read More
Imperial Metals (TSX: III) will secure additional funds for the restart of its Mount Polley mine by way of a convertible debenture financing totalling $45 million. The mine, which had been on care and maintenance since 2019, is in the midst of the restart and operating at targeted production rates. The company had previously aimed to reopen the mine operation by the end of June.However, the mine r...Read More
TNM Drill Down, released every Monday, focuses on the top gold assays of the past week. Assays are?EUR?ranked by gold grade x width, as identified by our sister company?EUR?Mining Intelligence?EUR?. Top gold assays July 29 to Aug 4, as identified by Mining Intelligence.Australia's Musgrave Minerals (ASX: MGV) had the top drill hole of the week July 29-Aug. 4 at its flagship Cue project in Wester...Read More
U.S.-based Uranium Energy Corp. (NYSE-AM: UEC) has trumped Denison Mines' (TSX: DML) competing bid for Canada's UEX Corp. (TSX: UEX) after sweetening its original bid.The revised offer gives each holder of UEX shares 0.0890 of one common share of Uranium Energy for each UEX share held. This implies a consideration of about 49 ? per UEX share, versus the prior offer of 43 ? per share, a 14% price i...Read More
Australian copper producer OZ Minerals (ASX: OZL) rejected on Monday an unsolicited A$8.4 billion (US$5.8 billion) takeover bid from the world's largest miner BHP (NYSE: BHP; LSE: BHP; ASX:BHP), stating that it "significantly undervalued" the firm.Earlier on Monday, BHP had offered A$25 per share for Oz Minerals, representing a 32.1% premium to the stock's closing price on Friday.The approach is p...Read More
Silvercorp Metals (TSX: SVM; NYSE: SVM) is expanding its mining operations to meet the growing demand for silver used in the solar panels and wind technologies that are powering the transition to a green energy future.The Canadian miner has "significant exposure to silver, which is an essential ingredient for the global push towards decarbonization, and, like gold, is viewed as a safe-harbour inv...Read More
Liberty and Finance, Released on 8/8/22With a yield curve inversion and increased leverage, risk in the banking system is clearly rising, says Keith Weiner, CEO of Monetary Metals. "Where does this all end?" he asks. "Nobody knows, but it seems like it's a pretty good deal to have some gold coins and stash them away somewhere." He adds, "to own gold is how people opt out of this mad, mad world."0:...Read More
Gummi Bear - Twitter, Released on 8/8/22Remember that time they raided Hillary after she deleted "private" emails off her server before submitting them to the DOJ?Me neitherWe can't have a two tiered justice systemThe principle is more important than how you feel about Trump- Gummi Bear (@gummibear737) August 9, 2022 Here is a @benshapiro offering a similar perspective to my ownThis is not about T...Read More
Vince Coglianese - Twitter, Released on 8/8/22Oh no pic.twitter.com/6TqL6s9wsv- Vince Coglianese (@VinceCoglianese) August 8, 2022 This bum can't even dress himself added by Herman James on 08/09/2022View all posts by Herman James ?+'Read More
Kitco, Released on 8/8/22"By placing the spoof orders, Shak intentionally or recklessly sent false signals of increased supply or demand that were Continue... CFTC charges World Series of Poker player with manipulating gold and silver markets added by Herman James on 08/09/2022View all posts by Herman James ?+'Read More
Following the Randgold Resources and Barrick merger in 2018, Bristow pushed decision-making power out to the regions, which he believes motivated them to take ownership of decisions and improveRead More
Despite Coeur Mining (TSX: CDE) reporting June-quarter production and costs mainly in line with Bay Street estimates, at least one analyst has downgraded the issuer while flagging concern over perceived balance sheet risk over the coming 12 months.Canaccord Genuity Capital Markets analyst Dalton Baretto has downgraded the issuer to 'HOLD' from 'BUY' and is modestly reducing his target price to US$...Read More
U.S.-based Uranium Energy Corp. (NYSE-AM: UEC) has trumped Denison Mines' (TSX: DML) competing bid for Canada's UEX Corp. (TSX: UEX) after sweetening its original bid.The revised offer gives each holder of UEX shares 0.0890 of one common share of Uranium Energy for each UEX share held. This implies a consideration of about 49 ? per UEX share, versus the prior offer of 43 ? per share, a 14% price i...Read More
WallStreetPro - Twitter, Released on 8/8/22If you test positive in airport in China you get this "special" VIP treatment... pic.twitter.com/rskmpdAKo0- WallStreetPro (@wallstreetpro) August 8, 2022 If you test positive in airport in China you get this "special" VIP treatment... added by Herman James on 08/10/2022View all posts by Herman James ?+'Read More
The Free Thought Project, Released on 8/8/22There have been nearly 600% more reported deaths for a single vaccine in the last 19 months than there have been for all vaccines in the history of the entire system.Continue... 600% More Deaths Reported In Last 19 Months Than In Entire 32 Year History of VAERS Database added by Herman James on 08/11/2022View all posts by Herman James ?+'Read More
The federal criminal trial of JP Morgan executives Michael Nowak, Gregg Smith, and Jeffrey Ruffo began on July 8th.These senior bankers are accused of running a years-long scheme to manipulateprecious metals prices through what is known as “spoofing.”Perhaps the three will be found guilty, butit isn’t likely to have much impact on trading in the papersilver markets. If there is s...Read More
Dear Outsider,President Biden is set to sign the $52 billion CHIPS Act into law tomorrow.This comes just as Nancy Pelosi is getting back from her controversial trip to Taiwan.The Chinese government didn't like it all, threatening military action.If you didn't know, Taiwan is the world's largest chipmaker.It all starts to make sense, doesn't it?The world's powers are vying...Read More