STOCKHOLM - Swedish metal-cutting tools and mining gear maker Sandvik reported resilient fourth-quarter earnings on Monday as strong demand in North America outweighed a softening in Asia on the back of a weaker auto sector.Engineering stocks have been hit hard since last summer due to worries about global growth, with China a particular concern due to a deep slump in car sales and data pointing t...Read More
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MELBOURNE - The state of Western Australia said on Monday an audit had found global miner BHP Group underpaid royalties on iron ore shipments sold via its Singapore marketing hub stretching back over more than a decade.BHP quickly disputed the claim, saying long-standing deductions it makes to account for the cost of selling Western Australia iron ore had been consistently audited and accepted by...Read More
Australian copper miner MOD Resources said on Monday larger rival Sandfire Resources' A$0.38 a share offer undervalued the company, but said it was willing to engage with its suitor to come to a "compelling price".Earlier in the day, Sandfire confirmed media reports about its A$88 million ($62.97 million) bid for MOD, as per Reuters calculations, which represents a 73 percent premium to MOD's last...Read More
In its quest to become a niche supplier of cobalt, Global Energy Metals (GEMC:TSX.V) announced it has signed an agreement with Nevada Sunrise Gold Corp to acquire an 85% interest in the Lovelock cobalt mine and the Treasure Box project, located in Churchill County, Nevada.In a media statement, the Vancouver-based junior said management was keen on buying these projects given that they are located...Read More
Gold giant Barrick (TSX:ABX)(NYSE:GOLD) said Monday that while it continues to engage with the Zambian government and community stakeholders about a mutually-beneficial way forward for its Lumwana copper mine, it would consider selling the operation given the "challenging conditions" it's facing.Barrick said finding a win-win solution between the industry and government would increase investor con...Read More
Canadian junior American Lithium Corp. (TSXV: LI) is expanding its footprint into the critical battery metals sector by agreeing to buy Alaska Nevada Mining's 100% interest in the Extinction Ridge vanadium project in Nevada, USA.The Vancouver-based miner, which is currently exploring and developing two lithium projects in Nevada, said Extinction Ridge was a "high-quality" exploration asset whose...Read More
Fears of bargain-basement battery grade nickel flooding the market starting in 2019 are unsubstantiated, according to Wood Mackenzie analysts. In September last year a Chinese consortium announced a new $700 million High-Pressure-Acid-Leaching (HPAL) plant in Indonesia, which would produce 50,000 tonnes a year of battery-grade nickel chemicals starting in 2019. Two similar projects in Indonesia...Read More
World's largest miner BHP (ASX:BHP) is facing accusations by the state of Western Australia of having underpaid iron ore royalties on shipments sold via its Singapore marketing hub, stretching back over more than a decade.The alleged discrepancy was discovered during an audit, the WA Government said in a statement, adding it was as negotiating with BHP to resolve the matter in the best interests o...Read More
"Paramount Gold Files Application for Conditional Use Permit for Its Proposed Grassy Mountain Gold Mine in Eastern Oregon https://t.co/rvfj9PktAg"Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index was fairly flat, though it did briefly make a new three-week intraday-high early on Friday at 1096.40. For the week, it closed 2 points higher at 1091.11. MACD dropped to 6, while RSI dropped a point to 68.5. One interesting note is that the Inde...Read More
Gold investment demand reversed sharply higher in recent months, fueling a strong gold rally. The big stock-market selloff rekindled interest in prudently diversifying stock-heavy portfolios with counter-moving gold. These mounting investment-capital inflows into gold are likely to persist and intensify. Both weaker stock markets and higher gold prices will continue to drive more investment...Read More
Hello, Fools. I'm back to highlight three stocks that have recently been downgraded by Bay Street. While we should always be skeptical of analyst opinions, fresh downgrades can often call our attention to risks that we may not have been considering.For value investors, they can even be a good source of contrarian buy ideas.So, without further ado, let's get to it.Husky cutKicking things off is Hus...Read More
In times of turmoil, small-cap stocks are almost always hit harder than their larger peers.Sometimes it's for good reason. During economic volatility, smaller companies may find it harder to compete or raise much-needed capital. But often they're thrown out with the bathwater as investors cycle into better known names that they equate with quality. This provides great opportunities for prudent inv...Read More
While gold's latest rally has helped to buoy most precious metals, some have not performed as well as others. The yellow metal has gained almost 5% over the last six months, yet other precious metals - notably, platinum - have failed to keep pace. The lustrous white metal renowned for its resistance to the corrosive effects of chemicals has lost over 4% for the same period.In fact, the precious me...Read More
Gold surged sharply at the end of 2019, as growing unease over the outlook for the global economy and weaker data from China triggered a flight to safety among investors. Despite global stock markets bouncing back, there is every sign that gold will firm over coming months because of increasing economic and geopolitical uncertainty. There are also claims that the yellow metal has entered a new bul...Read More
Silver has followed its more expensive cousin gold higher in recent weeks, gaining 7% over the last month. The increasingly positive outlook for precious metals coupled with the gold-to-silver ratio requiring 84 ounces of silver to acquire a single ounce of gold has sparked claims that now is the time to bolster exposure to the white metal. Despite the claims of silver bugs, there are signs that s...Read More
Since the legal cannabis market has yet to stabilize, growth investors may wish to buy stocks in more down-to-earth industries instead for the time being. The data for the following three stocks shows that there is considerable upside to be had in a range of industries - although overvaluation means that this selection may not be suitable for investors with an eye on low multiples.Canada Goose Hol...Read More
Anyone who denies that Governments and Central Banks manipulate the gold and silver markets using paper derivatives and deceptive physical metal custodial operations is ignorant of history and facts. Currently the gold and silver price capping is as oppressive as I've witnessed in 18 years.As of Tuesday, January 15th, the open interest in gold had soared by 89,120 contracts to 501,605. 89,120...Read More
(left to right) Shaun Pollard, Ed Balon, and Gareth Thomas.Photo is taken from the top of Shovelnose Gold Property. Source: Westhaven Ventures Inc.Westhaven Ventures Inc. [WHN-TSXV] was an active trader Monday January 21 after the company tabled results from a recently completed drill campaign at its Shovelnose property near Merritt, southern British Columbia.The shares fell 24.2% or 29 cents to 9...Read More