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After a dismal 2018, Canadian stocks as tracked by the mid-cap oriented INK Canadian Insider (CIN) Index are off to a happy start in the New Year with the index advancing 1.6% in the first three trading days of 2019. With the experience of last October fresh in our minds when Canadian stocks jumped at the start of the month, only to swoon in the following weeks, we are hesitant to make too much o...Read More
* SMB says costs are "higher and higher"* ITSCI not immediately available for comment* Rwandan miners also complain of costLONDON - Congo's biggest miner of coltan, an ore that is the source of metals used in mobile phones, says it is leaving the ITSCI certification scheme, relied on by major companies as a guarantee that minerals are free from human rights abuses.Societe Miniere de Bisunzu (SMB),...Read More
Canada's Cobalt 27 Capital (TSXV: KBLT)(OTCQX: CBLLF)(FRA: 27O) is tapping into the lithium sector by acquiring a royalty of 1.5% of gross revenues and A$2 per tonne of ore mined at the Mount Marion lithium project in Western Australia, the latest in a series of major deals the company has announced in less than a year.The move comes only days after the Toronto-based company revealed a propose...Read More
Canada's Cobalt 27 Capital (TSXV: KBLT)(OTCQX: CBLLF)(FRA: 27O) is tapping into the lithium sector by acquiring a royalty of 1.5% of gross revenues and A$2 per tonne of ore mined at the Mount Marion lithium project in Western Australia, the latest in a series of major deals the company has announced in less than a year.The move comes only days after the Toronto-based company revealed a propose...Read More
Auryn Resources (TSX: AUG) announced today that it has identified a significant zone of oxide copper mineralization over a 1.2-kilometer strike length and 500-meter width at the Milpoc prospect. This is about 12 kilometers south of the company's 120,000-hectare Sombrero copper-gold property, which is located in southern Peru in the Andahuaylas-Yauri belt.According to Auryn, Sombrero is characteriz...Read More
Auryn Resources (TSX: AUG) announced today that it has identified a significant zone of oxide copper mineralization over a 1.2-kilometer strike length and 500-meter width at the Milpoc prospect. This is about 12 kilometers south of the company's 120,000-hectare Sombrero copper-gold property, which is located in southern Peru in the Andahuaylas-Yauri belt.According to Auryn, Sombrero is characteriz...Read More
Pancontinental Resources (TSXV: PUC) announced today it has started a diamond drill program on its nickel-cobalt-copper Montcalm project, located 65 kilometres northwest of Timmins in the eastern Canadian province of Ontario.The 3,780-hectares project sits within the Montcalm Gabbro Complex in the Montcalm Greenstone Belt. It is contiguous to and surrounds the western, northwestern and southwester...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce it has delivered on its first purchase order through a Tier 1 cellular operator to a Canadian transportation company for 180 Uniden (R) UV350 in-vehicle smartphones.Marc Seelenfreund, CEO of Siyata Mobile commented, "This marks a very important milestone for Siyata and proves...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. This is our first update since Dec 17th when the INK CIN was locked in a vicious sell-off (along with many stocks and indices) and closed at 1017.93. Back then, we surmised that we were in the "throes of a capitulation-type move" but also that Canadian stocks have historically been very b...Read More
At least 30 Afghan villagers searching for gold in a riverbed perished on Sunday in a flash flood in northeastern Badakhshan province, provincial officials said.Read full newsRead More
The gold stocks' young upleg is really growing, on a trajectory to become major. This contrarian sector is breaking out to the upside on multiple fronts technically, which is really improving sentiment. Traders' extreme bearishness of late summer has mostly abated, with bullish shoots taking root. Fundamentals certainly justify the mounting gold-stock buying, with earnings set to surge on hi...Read More
The latest gold rally, which sees the yellow metal trading at over US$1,280 per ounce, has helped to lift heavily beaten down silver higher to US$15.70 an ounce. That has provided some respite for silver miners, who have seen their financial performance impacted by sharply weaker silver prices since the price of the white metal collapsed in mid-2018.One silver miner that appears increasingly unapp...Read More
Gold firmed substantially at the end of 2018 to see the yellow metal trading at US$1,285 an ounce, and there are signs that it will move higher during 2019, which has been a boon for gold miners. One very attractively valued junior miner that's poised to move higher is Seabridge Gold Inc. (TSX:SEA)(NYSE:SA). The miner has gained 35% over the last year and there are signs of further upside ahead, e...Read More
Gold has rallied significantly since the end of November 2018 to see it trading at around US$1,285 per ounce, which is slightly lower than the six-month high of US$1,291.80 reached last week. Despite some poor fundamental indicators for gold, including a stronger U.S. dollar and higher interest rates, there is increasing speculation that the yellow metal has entered a new bull market. Higher gold...Read More
The stock market has become the United States' "sacred cow." For some reason stock prices have become synonymous with economic growth and prosperity. In truth, the stock market is nothing more than a reflection of the inflation/currency devaluation caused by the Fed's money printing and lascivious enablement of rampant credit creation. 99% of all households have not experienced the rising prosperi...Read More
Major global market indices closed higher on Friday as the US released a stronger-than-expected jobs report and the People's Bank of China moved to cut reserve requirement ratios, taxes and fees.The S&P/ASX200 index was higher in afternoon trade, with Mozambique graphite producer Syrah Resources (ASX: SYR) up more than 10% on little news since announcing its first production of spherical graph...Read More
IDM Mining's exploration camp for the Red Mountain Project in northwest BC's Golden Triangle region. Photo by Ellsworth Dickson.Ascot Resources Ltd. [AOT-TSXV; OTVF-OTCQX] said Monday January 7 that it is acquiring IDM Mining Ltd. [IDM-TSXV; IDMMF-OTCQB] in a move it said will create a leading gold development company in British Columbia.Under a definitive agreement between the two companies, Asco...Read More
The Mount Marion lithium mine in Western Australia. Source: Mineral Resources Ltd.Cobalt 27 Capital Corp. [KBLT-TSXV; 270-FSE] said Monday January 7 that it has boosted its portfolio by acquiring a lithium royalty on the producing Mount Marion Lithium Mine in Western Australia.The royalty being acquired consists of 1.5% of gross revenues and AUD$2 per tonne of ore mined under the Reed Industrial M...Read More
Share this articleTORONTO - Canada's main stock index began the first full trading week of 2019 higher as it got a push from ongoing crude oil price hikes while the loonie hit a four-week high.The S&P/TSX composite index closed up 77.51 points to 14,504.13.In New York, the Dow Jones industrial average was up 98.19 points at 23,531.35. The S&P 500 index was up 17.75 points at 2,549.69, while the N...Read More