The S&P/TSX Composite Index rose 0.02% to 16,517.85 during the Aug. 17-21 trading week. The S&P/TSX Global Mining Index fell 0.18% to 99.07, and the S&P/TSX Global Base Metals Index dropped 0.41% to 102.77. Spot gold fell US$2.40 per oz., or 0.12%, to US$1,942.40 per oz., while the S&P/TSX Global Gold Index increased by 1.88% to 376.18.Canarc Resources' shares jumped 18.18% to 13 ?. The company an...Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyLithium no quiet place for AVZSPONSOREDavz mineralsScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25The numbers from Fortescue for its June 30 financial year are impressive. Net profit up 49% on the previous year to US$4.7 billion f...Read More
Hedge funds continued to switch their focus from crude oil to refined fuels last week - betting refinery margins are too low and will have to rise even as signals about the benchmark oil prices remain conflicting.Read full newsRead More
Arena Energy has filed for bankruptcy with a plan to sell virtually all of its assets to private-equity firm Lime Rock Partners and a management group in a deal that includes $64.2 million in cash.Read full newsRead More
Gold mining can demolish Amazon rainforest in just a few days. New research finds that the impacted forest does not recover even 3-4 years after a mine is abandoned.Read full newsRead More
Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More
Brixton Metals Corporation is pleased to announce that it has entRead full newsRead More
Bold Ventures Inc. is pleased to announce that it has received alRead full newsRead More
Summer is still with us, but fall is just around the corner. Which stocks should Canadian investors be adding to their wish lists before the seasons change? Investors may wish to take full advantage of the situation to build a mini barbell of stocks. A balance of near-term gains in beaten-up names and longer-term safety stocks could suit a variety of investment types, as the economy navigates a st...Read More
Warren Buffett's big move into gold certainly sent shockwaves across the sector.Rightfully so, not only because the roughly half-billion-dollar deal came alongside Berkshire Hathaway dumping bank stocks, but because of Buffett's well-documented disdain for gold as an investment.I can't blame him for wanting exposure to a major gold miner like Barrick Gold though. Money is money, and while gold mig...Read More
The coronavirus hurt gold mining stock Agnico Eagle's production and drove up its costs. But cash flow is healthy and it should earn significant free cash flow in the second half.Agnico Eagle expects its quarterly gold production to return to Q4 2019 levels.Given the COVID-19 pandemic, Agnico's first quarter was challenging. Gold production and unit costs were negatively impacted in March as the c...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 25 that are worth another look.Mexican steel scrap prices increased in the week ended Friday August 21, maintaining an uptrend started in late July, with the country's manufacturing sector continuing to recover gradually from the Covid-19 pandemic...Read More
Aug 25, 2020 Guest(s): Trevor Raymond Head of Research, World Platinum Investment Council The gold market is struggling to find new buying momentum after it was unable to hold the critical psychological support around $2,000 an ounce, and one market analysts says that now is a good time for investors to look down the value chain in the precious metals market. It's not just gold that looks expens...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 25.Please click...Read More
The apparent reaffirming of a phase one trade deal between the United States and China continued to drive an increase in London Metal Exchange three-month prices during the afternoon on Tuesday August 25, with LME base metals futures universally closing up at the 5pm kerb. The LME base metals complex has become prone to following macroeconomic developments, and today was no exception, with the lat...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comAug 25, 2020 The “KISS (Keep it simple, superstar!)” investing principle is important, especially in the gold market. Business owners and stakeholders don’t have a lot of time to be deciphering candlesticks on a gold chart, but there are some easy rules of thumb that can...Read More
Key data from the pricing sessions in Asia, Europe and the United States during the week to Tuesday August 25.China The spot Chinese domestic ferro-chrome market strengthened on tight availability, while an increase in spot demand was recorded amid a strong performance in the stainless steel sector. The UG2 chrome ore market stabilized with liquidity...Read More
Western Areas holds 19.9% of Panoramic and is watching to see if the North Savannah development hits milestones before potentially considering a "move forward" corporately.Read More
Revenue dipped 17.9% year-on-year to US$57.4 million in the six months to June 30, while net profit fell 45.9% to $4.6 million and the company suspended its dividend. Master Drilling said net operating cash generated rose 100%, though, to $11.1 million."The group entered the year facing a challenging operating environment and deteriorating economic fundamentals across many of the 23 countries in w...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") announced operational and financial results for Q2 2020, and the filing of its financial statements and associated management's discussion and analysis on www.sedar.com. All dollar references in this release are in U.S. dollars.SECOND QUARTER 2020 AND RECENT HIGHLIGHTSGenerated revenue of $0.04 million and a gross lo...Read More