The S&P/TSX Composite Index rose 1.27% to 18,990.32 during the March 29-April 1 trading week. The S&P/TSX Global Mining Index climbed 1.34% to 104.02, and the S&P/TSX Global Base Metals Index increased by 0.92% to 157.88. Spot gold fell US$3 per oz., or 0.17%, to US$1,730.30 per oz., and the S&P/TSX Global Gold Index jumped 3.10% to 295.36.Kirkland Lake Gold rose $2.37 to $44.44 per share. The co...Read More
The precious metal's price is on a downslope, and it has taken gold industry stocks along with it. But for potential new investors, that opens up some buying opportunities.Read full newsRead More
Experts in the mining sector and and national security were in Ottawa today to express concern over China's domination in global strategic metal supply. The Federal government of Canada was urged to better protect the supply chain of these strategic metals to protect the development of modern technology, such as electric cars, solar panels, and [...]Read full newsRead More
Kirkland Lake Gold (TSX:KL)(NYSE:KL) is, hands-down, the best gold mining stock on the planet (or at least among the dozens I’ve looked at). Indeed, this has been my top pick for some time and will continue to be.Here’s why this stock is down significantly year to date and why investors should consider picking up shares at this level.Great earnings, but gold prices weighing on gold min...Read More
Finning International (TSX:FTT) sells, services, and rents heavy equipment and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company is involved in electric power generation, marine power, petroleum, and truck engine installations. It serves agriculture, construction, electric power generation, mining, and oil industries. Finning is headquartere...Read More
The TSX Composite Index is up about 50% in the last 12 months. Although some top-rallying TSX stocks appear to be running out of steam now, some names might continue to soar higher. If you are looking for Canadian stocks with decent return prospects, consider these three top TSX stocks for the long term.BRPThe leading powersports vehicle maker BRP (TSX:DOO)(NASDAQ:DOOO) stock is up more than 36% s...Read More
An easy way to analyze if the markets are overvalued is by looking at the Warren Buffett indicator also known as the market cap to gross domestic product (GDP) ratio. According to Warren Buffett, if this ratio is over 100% markets are trading at a premium and vice versa. Currently, the market cap to GDP ratio of the S&P 500 is close to 200% and might be poised for a correction. However, as it&...Read More
Investors focus too much on growth and too little on stability. However, it is prudent to have defensive stocks as well in your portfolio to diversify.A classic defensive stockGrowth stocks offer higher potential returns against higher risk. But defensive stocks provide dividends and act as a hedge when markets turn volatile. And that’s why stability is more important in long-term investing,...Read More
Make no mistake about it. The Federal Reserve has always been a political body.From its existential fight over a century ago to today, it has served the interests of politicians. It was designed to do exactly that, but not in a direct fashion.The word juggling required to hoodwink the masses has taken many forms, but the very nature of the existence of the Fed makes it inevitable.The latest hot ta...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 6 that are worth another look.The price spread between 62% Fe and 65% Fe iron ore fines reached a historical high in March as a result of various factors, according to market sources.Read More
Tesla delivered 184,800 electric vehicles (EV) in the first quarter of 2021 despite a shortage of computer chips that has crippled the global auto industry, the world's biggest EV maker said on Friday April 2.This is an increase of 23% compared to the 180,570 deliveries the company recorded in the fourth quarter of last year. The better-than-expected results were attributed to solid demand for the...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 6.Please click...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 6, 2021 The world endured endless wars under Barrack Obama, all in the name of “Regime change, to free the people!”Millions starved and hundreds of thousands were killed. Yet, in one of history’s most ironic moments, this man was awarded the Nobel prize... for peac...Read More
Key data from the pricing sessions in Asia and the United States for the week ended Friday April 2.China Seaborne low- and high-grade manganese ore prices fell again amid ongoing bearish sentiment fueled by weak portside prices and high stocks in Chinese ports.Portside markets reported...Read More
"We can now start to hoist rock, men and material on a daily basis, which will solve our hoisting constraints and facilitate the planned expansion in mine capacity targeting 80,000 oz of goldRead More
Mining production was mostly higher in Peru during February compared with the corresponding month in 2020, with the country increasing output for copper, zinc and tin, energy and mines ministry Minem said on Tuesday April 6.The country produced 170,989 tonnes of copper in February, up by 0.68% year on year from 169,826 tonnes but down by 3.07% from 176,402 tonnes in January of this year.Miner...Read More
The multi-layered memorandum of understanding signed with Summit Africa "outlines a roadmap to optimise, fully finance and construct Kola via a mix of debt and royalty financing".Read More
Fastmarkets has corrected its weekly manganese ore 37% index, cif Tianjin and 44% index, cif Tianjin rationales, which were published incorrectly on Tuesday April 6 due to reporter error.The corrected rationales can be seen below:MB-MNO-0003: Manganese ore index 37% Mn, cif Tianjin, $/dmtuThe Fastmarkets manganese ore 37% index, cif Tianjin moved down by 8 cents to $4.61 per dry metric tonne (dmtu...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 6 that are worth another look.The price spread between 62% Fe and 65% Fe iron ore fines reached a historical high in March as a result of various factors, according to market sources.Read More
Artisanal cobalt produced in the Democratic Republic of Congo and formalized by the Entreprise G?(C)n?(C)rale du Cobalt (EGC) can help fill a supply deficit created in the uptake of electric vehicles (EVs), according to EGC chief executive officer Jean-Dominique Takis. "We are all aware that the increase in demand for cobalt is directly linked to energy transition... We do not expect a substantial...Read More