Over the last couple of months, gold has scaled record highs, peaking at over $2,430 an ounce before correcting and settling in the $2,300 range. That's a healthy gain. But you could argue that gold remains significantly underpriced given the inflation we've experienced that continues to rapidly devalue the dollar.That leaves many people wondering when gold is really going to break out. It's impos...Read More
Could we see $27,000 gold?That seems far-fetched but financial analyst and investment banker Jim Rickards makes the case that it could happen.Gold charted a big rally in recent months, hitting a new all-time high of over $2,400 an ounce last month. Even with the higher prices, gold demand has remained robust. Central banks globally are adding gold to their reserves, as have investors, particularly...Read More
The major gold minersjust wrapped up another quarterly earnings season, reporting greatresults. Sector unit profits continuedblasting higher on stable production, lower mining costs, and record prevailinggold prices. Yet individually plenty ofmajors still struggled with rising expenses or lower output. So deploying capital in miners to leveragegold’s remarkable breakout req...Read More
The major gold minersjust wrapped up another quarterly earnings season, reporting greatresults. Sector unit profits continuedblasting higher on stable production, lower mining costs, and record prevailinggold prices. Yet individually plenty ofmajors still struggled with rising expenses or lower output. So deploying capital in miners to leveragegold’s remarkable breakout req...Read More
Could we see $27,000 gold?That seems far-fetched but financial analyst and investment banker Jim Rickards makes the case that it could happen.Gold charted a big rally in recent months, hitting a new all-time high of over $2,400 an ounce last month. Even with the higher prices, gold demand has remained robust. Central banks globally are adding gold to their reserves, as have investors, particularly...Read More
Production, revenue and costs all were better than expected, BMO Capital Markets noted.MAG Silver Corp.'s (MAG:TSX; MAG:NYSE American) Q1/24 financial results are notable for an earnings beat and strong free cash flow generation, reported BMO Capital Markets analyst Kevin O'Halloran in a May 14 research note."We are encouraged by the accelerating pace of cash distributions from the Juanicipio join...Read More
The gold-silver explorer-developer aims to launch test production in H2/24, noted a VSA Capital report.Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) secured a US$5 million (US$5M) loan from major, 44.9%, shareholder First Majestic Silver Corp. (FR:TSX; AG:NYSE; FMV:FSE), with which it should be able to advance its La Guitarra gold-silver project in Mexico to a production restart, repor...Read More
Malcolm Shaw of Hydra Capital Partners shares his summer list of stocks to keep an eye on.Over the years, we all develop our own personal collections of favorite songs. These are the tunes that we either can't get enough of right now or couldn't stop listening to at some point in the past. In many ways, stocks are quite similar. The factors that influence an investor's choice of stocks for their p...Read More
Dolly Varden is garnering attention due to its promising exploration and development activities in the silver-rich regions of British Columbia. Read on to find out what experts are saying about the company's place among the future of silver mining projects.Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCQX) is engaged in exploration and development activities in British Columbia's silver-rich region...Read More
Technical Analyst Clive Maund takes a look at Silver North Resources Ltd. to explain why it is an Immediate Strong Buy.It's a good time to take another look at Silver North Resources Ltd. (SNAG:CVE;TARSF:OTCMKTS) because it is at another favorable buy spot. While the fundamentals of the company have been covered in previous articles, there has been one significant piece of news since we last looke...Read More
Here is a run of recent headlines:"Is the United States on the Verge of Stagflation?"…"It’s Looking More and More Like Stagflation"…"Stagflation Fears Come Back With a Vengeance"…"The U.S. Economy May Be Barrelling Toward Stagflation, an Outcome Worse Than Recession"…"JPMorgan's Jamie Dimon Can't Shake the Worry America Is Headed for a Repeat of 1970s-Style Stagflatio...Read More
Several resource companies on Global Analyst Adrian Day's recommended list reported first-quarter results last week.Fortuna Silver Mines Inc. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE) had a very strong quarter, with earnings more than 50% higher than consensus expectations, as higher production and lower costs drove the higher earnings. The company is now back on track after a series of problems and n...Read More
If these cash distributions continue, as expected, the company may consider paying a dividend by year-end 2024, noted Roth MKM.MAG Silver Corp.'s (MAG:TSX; MAG:NYSE American) Q1/24 financial results were in line with the estimates of Roth MKM, its managing director Joe Reagor reported in a May 14 research note. Due to Roth slightly adjusting some estimates in its model on the silver producer, the...Read More
When it comes to investing, I've been a wimp most of my life.I always had "the next crash" on my mind. Inevitably, there hasn't been a crash since 2008. (I don't count the Covidiocy Crash of 2020 because it lasted about five seconds.)That permabearish attitude, while seemingly safe, has come at a cost. I wasn't taking risks, but the opportunity costs are significant. How much wealth did I potentia...Read More
The United States savings rate runs to 3.20% down from 3.60% one month prior.As history has it, 8.47% is par.Meantime, 36% of Americans carry more credit card debt upon their shoulders than emergency savings in their pockets.Mainstream economists inform us it is not a symptom of economic distress. It is rather a symptom of economic vigor.For example, Ameriprise Financial's Russell Price:Consumer...Read More
Midnight Sun Mining Corp. has successfully closed its latest private placement, securing US$10 million to fund exploration activities at its mineral properties in Zambia. Read on to find out how this affects copper mining projects going forward.Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) has successfully closed its latest private placement, securing US$10 million to fund exploration activiti...Read More
Several resource companies on Global Analyst Adrian Day's recommended list reported first-quarter results last week.Fortuna Silver Mines Inc. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE) had a very strong quarter, with earnings more than 50% higher than consensus expectations, as higher production and lower costs drove the higher earnings. The company is now back on track after a series of problems and n...Read More
As MAG Silver Corp. emerges as a producer with its Tier 1 Juanicipio mine in Mexico and output is beating estimates. Find out why at least one analyst thinks more of the fruits from the joint venture could land in investors' pockets.As MAG Silver Corp. (MAG:TSX; MAG:NYSE American) emerges as a producer with its Tier 1 Juanicipio mine in Mexico and output is beating estimates, analysts are paying a...Read More
Perpetua Resources Corp has released its unaudited condensed consolidated financial results for the first quarter ended March 31, 2024. See what these new numbers mean for future projects and anticipated projects.Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) has released its unaudited condensed consolidated financial results for the first quarter ended March 31, 2024. The company is actively...Read More
Seabridge Gold Inc. sharing its highlights and financials for the quarter ending March 31 with shareholders. Find out why the company believes its shares are literally worth gold "in the ground."Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) is sharing its highlights and financials for the quarter ending March 31 with shareholders, noting its application for "substantially started" status for its KSM...Read More