The S&P/TSX Venture Composite Index fell 1.55% to finish the trading week at 944.46. Spot gold rose US$32.30 per oz., or 1.85%, to US$1,776.50 per ounce.Gold Mountain Mining climbed 48 ? to $1.92 per share. The company reported high-grade intercepts from the down-dip portion of its Phase 1 drill program on its 100%-owned Elk gold project in south-central British Columbia, about 325 km northeast o...Read More
The Dow Jones Industrial Average rose 1.18% to finish the week at 34,200.67 and the S&P 500 fell 0.77% to 3,913.10. Spot gold rose US$32.30 per oz., or 1.85%, to US$1,776.50 per ounce. Rio Tinto jumped US$5.39 to US$84.79 per share. The company has increased its 2021 exploration budget for the Citadel copper-gold project in Western Australia, a joint venture with junior Antipa Minerals. Rio Tin...Read More
'Commodities nailed the best week'Read full newsRead More
Rio lifts iron ore shipments despite multiple challengesRead full newsRead More
Global miner Rio Tinto Ltd reported lower quarterly iron ore output on Tuesday as wet weather and labour shortages impacted its mine and port operations in Western Australia.Read full newsRead More
Inflation expectations are rising, as the government continues to pump in more and more stimulus into the economy. The U.S. dollar remains weak in this environment, and bond yields are still, historically speaking, very low. Real interest rates remain negative, paving the way for commodities to take off.This environment should be bullish for gold. And it has been. However, many gold investors may...Read More
Canadian investors are searching for undervalued stocks that have the potential to deliver massive gains in 2021 and beyond.Why Crescent Point Energy stock looks cheapCrescent Point Energy (TSX:CPG)(NYSE:CPG) went from $47 per share in 2014 to below $1 at the lowest point of the 2020 market crash. Since then, the stock has enjoyed a nice bounce, and more gains should be on the way.Crescent Point w...Read More
World-class swine Bernie Madoff died in prison yesterday at the tender age of 82.I'll start by saying that I never take any pleasure in a man dying behind bars, regardless of what they've done. However, in Madoff's case, I sincerely doubt that anyone is shedding a tear for perhaps the biggest swindler in financial history. He was a man without a conscience who cost thousands of investors their ent...Read More
People mistake the stock market as a popularity contest sometimes. The father of value investing, Benjamin Graham, once said that the markets act like a voting machine in the short run. Often, sentiment is the basis for valuating companies, not fundamentals.The same thing applies to dividend stocks. Blue-chip stocks are the more popular ones because they are matured companies. However, other divid...Read More
The exuberance around electric vehicles (EVs) has sent related stocks to the moon. The frontrunner Tesla is up almost 400% in the last 12 months. Though valuation concerns have brought the stock lower in the last few months, the excitement around EVs will not wane soon. So, if you are looking for attractive, reasonably valued, alternative EV stocks, consider Orocobre (TSX:ORL).Orocobre and EV boom...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 21 that are worth another look.Over July 2020 to March 2021, BHP's metallurgical coal production volume came to 29 million tonnes, down by 2% year on year, BHP's latest quarterly report on April 21 shows.Bipartisan...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 21.Read More
Aluminium prices hit a new year-to-date high of $2,368 per tonne on the London Metal Exchange on Wednesday April 21, while most other base metals prices also closed higher, with stock markets in the United States rising, the Dollar Index falling, and speculative buyers taking advantage of Tuesday's dips.The three-month price of aluminium closed up by 1.6% to $2,364 per tonne from its Tuesday price...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 21 that are worth another look.Over July 2020 to March 2021, BHP's metallurgical coal production volume came to 29 million tonnes, down by 2% year on year, BHP's latest quarterly report on April 21 shows.Bipartisan...Read More
Nobel29 Resources gained 52.5%, New Target Mining rose 40% and Last Hope hopeful 55 North Mining added 4.76%.Big riser Nobel29 (TSXV: NBLC) has the right to acquire the past-producing Algarrobo iron oxide copper gold project in Chile.Its CEO is David Gower, who held senior roles with Falconbridge (now Glencore) and is also a director at Alamos Gold.The junior's chair Lawrence Guy said drilling was...Read More
Champion Iron, which operates the Bloom Lake mine in the Canadian province of Quebec, has seen its shares rise by 265% to C$6.Read More
The spot ferro-chrome market in China continued its downward trend in the week to Tuesday April 20, despite some newly implemented production cuts in southern parts of the country.Following Inner Mongolia's energy cuts, a couple of other regions issued notices about dual control of energy consumption and intensity in the past week.Some smelters in Guangxi province were heard to have idled their fu...Read More
Vancouver, BC - LEAF Mobile Inc. (TSX: LEAF) ("LEAF" or the "Company") announces its subsidiary company, East Side Games Inc. ("ESG"), has entered into a publishing and IdleKit partnership agreement with Mighty Kingdom Games PTY Ltd. ("Mighty Kingdom") for the global release of a mobile game on iOS and Android (the "Partnership").Mighty Kingdom was established in 2010 and since then has released m...Read More
A summary of Antofagasta's production results for the first quarter of 2021, as stated in its quarterly production report published on Wednesday April 21.In brief Overall copper production fell in the first quarter of 2021, with the decline mainly driven by lower grades at the company's Los Pelambres mine. Los Pelambres produced 84,000 tonnes of copper in the first quarter, a drop of 9% year on ye...Read More
Orders in the company's mining and rock solutions segment rose 36% year-on-year to SEK10.4 billion (US$1.2 billion).Read More