Paying a meaty 8.8% dividend based on a share price of $17.42, Russel Metals (TSX:RUS) is one of the richest-yielding stocks on the TSX. A play for infrastructure, construction, and North American industry as a whole, this stock is more diversified than meets the eye. Here’s why Russel Metals is also a better pick for 2020 than nine out of 10 other high-yielding Canadian dividend stocks.Forg...Read More

Jul 23, 2020 Guest(s): Gary Wagner Silver investors and traders have been buying the white metal with a frenzy, with price growth outpacing that of gold, and the gold-silver ratio narrowing as a result.A large driving force behind recent momentum is the resurgence of generalist investor interest in the sector, said Gary Wagner, editor of TheGoldForecast.com."The reason I believe that might have...Read More

Morenci mine, Arizona. Source: Flickr. Shares in US copper giant Freeport McMoRan (NYSE:FCX) declined by as much as 2.3% in New York trading on Thursday after the company released results that disappointed markets despite a swing to profit.The company announced net income attributable to common stock of $53 million, or 3 cents per share, in the second quarter, compared with a loss of $72 million,...Read More

Here are five Fastmarkets stories you might have missed on Thursday July 23 that are worth another look.Adjusted steel safeguard measures in Europe, combined with new trade cases, will limit availability of imported hot-rolled coil and support domestic prices.Companies with strong balance sheets and access to capital could drive a...Read More

The three-month nickel price on the London Metal Exchange rallied at the close of trading on Thursday July 23, with the price settling more than 4% higher after US carmaker Tesla called for a ramp-up in global nickel mining.Meanwhile, a continued tightening of LME copper's forward curve failed to hamper the metal's positive close.Nickel's outright price on the LME closed at $13,689 per tonne, a ri...Read More

The Cerro Verde copper mine in Peru operated at around 80% of its 2019 average levels in June but is expected to see operations increase in the second half, according to majority owner Freeport-McMoRan. The US copper producer, which has a 53.56% stake in the mine, said that Cerro Verde's operating rates averaged 251,800 tonnes of ore per day in the second quarter, including an average of 316,800 t...Read More

Bob Moriarty ArchivesJul 23, 2020At the point where you start believing you are smarter than the market, it will whip your donkey. Brains are not the same as a bull market. But even in the bullish of bull markets there will be corrections. We are near a correction in the metals.I’ve never understood how the “Experts” insist on confusing just who it is that moves markets. The comm...Read More

Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that it has agreed to terms with Queen's Road Capital Investment Ltd. ("QRC") (TSXV: QRC) for a US$6 million private placement of unsecured convertible debentures (the "Debentures"). The Debentures will be convertible at the holder's option at a conversion price of C$0.88 into approximately 9.1 million common...Read More

Vancouver, BC - Ovation Science Inc. (CSE:OVAT) ("Ovation" or the "Company"), is pleased to announce that its DermSafe (R) Hand Sanitizing Lotion has received the "Seal of Approval" from the Dermatology Review Panel?,,? ("DRP"). DRP is a panel of Canadian dermatologists that provide an independent review of scientific data for non-prescription products in order to authenticate a product's claims....Read More

Vancouver, BC, Canada, July 23, 2020 - LEAF Mobile Inc. (TSX.V:LEAF), a leading creator and publisher of counter-culture mobile games, today announced a 5 year worldwide exclusive partnership with B Real of Cypress Hill for the development of his first featured mobile game. The game will feature B Real's likeness, voice, music, and creative influences throughout his career. This is B Real's firs...Read More

Southern Peru Copper Corp (SPCC) was the Peruvian miner least affected by the Covid-19 pandemic among public companies on the Santiago Stock Exchange, several notifications filed to the country's securities authority, SMV, showed. The SMV polled all listed companies during July and only SPCC said that it did not partially or completely halt operations due to the national emergency declared by the...Read More

Net profit for the top-40 by market capitalisation is expected to fall 15% this year to US$51 billion, given an expected 6% year-on-year drop in revenues to $649 billion and a resultant 6% drop in EBITDA to $157 billion.In contrast, for the period ended December 31, 2019, revenues for the group rose 4% to $692 billion, with EBITDA during the period flat at $168 billion. Dividends paid rose 25...Read More

The Cerro Verde copper mine in Peru operated at around 80% of its 2019 average levels in June but is expected to see operations increase in the second half, according to majority owner Freeport-McMoRan. The US copper producer, which has a 53.56% stake in the mine, said that Cerro Verde's operating rates averaged 251,800 tonnes of ore per day in the second quarter, including an average of 316,800 t...Read More

The purpose of this update is to celebrate and mark silver's powerful breakout from a giant base pattern that started to form as far back as 2013 - 2014, a breakout which has only happened during the past 2 days, yesterday and today, with today's advance finally seeing it break clear above the resistance at the upper limits of the base pattern. While this doesn't mean it can't drop back again it...Read More

By: Gary SavageGold has left behind the resistance zone from 2011, we will likely see all-time highs acting as a magnet pulling the price higher: https://blog.smartmoneytrackerpremium.com/Read More

Glencore's head of zinc and lead assets Chris Eskdale has stepped down from his role while the company overhauls the department's senior leadership, Fastmarkets understands.Eskdale's role will now be split between incoming head of trading Nick Popovic, Denis Hamel and Aline Cote who will become the first woman to lead an industrial division at Glencore.Glencore produced 975,000 tonnes of zinc...Read More

Here are five Fastmarkets stories you might have missed on Thursday July 23 that are worth another look.Adjusted steel safeguard measures in Europe, combined with new trade cases, will limit availability of imported hot-rolled coil and support domestic prices.Companies with strong balance sheets and access to capital could drive a...Read More

The Ramu NiCo mine, which produced at record levels in the first quarter of the year, appears to be operating normally despite a 7.0 earthquake that hit Papua New Guinea on Friday July 17.Neither the mine's operator, Metallurgical Corp of China ("MCC"), in Beijing, nor Ramu NiCo's minor stakeholder, Conic Metals Corp, in Toronto, responded to Fastmarkets' multiple requests for updates on the nicke...Read More

Turkish steel mills have continued to book deep-sea scrap cargoes for August shipment with improving prices, sources said on Thursday July 23.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 18,000 tonnes of HMS 1&2 (95:5) at $275 per tonne cfr on Thursday.Another steel mill in Turkey booked a US cargo, comprising 7,000 tonnes of HMS 1&2 (80:20) at $270 per...Read More

China has become the savior of the global steel market, with its big appetite and high domestic prices supporting the international ferrous supply chain amid the Covid-19 pandemic.While demand for steel in most economies has plummeted in the face of the health crisis, that in China has been strengthening since at least the second quarter of 2020 amid the country's steady recovery after battling th...Read More