Oklahoma shale driller Chaparral Energy Inc filed for Chapter 11 bankruptcy protection on Sunday, the latest U.S. energy sector casualty in recent months as COVID-19 crushes oil demand.Read full newsRead More
China's diesel demand is likely to hit a record this year powered by trucking activity, as Beijing's aggressive stimulus fuels a construction and delivery boom and a speedy recovery in heavy machinery sales, analysts say.Read full newsRead More
Helium has a peculiar and very interesting fact attached to it: it is the only element discovered out of Earth before it was discovered on...Read full newsRead More
Warren Buffett's Berkshire Hathaway bought a stake in Barrick Gold in the second quarter, a Friday filing showed. Barrick Gold surged as much as...Read full newsRead More
Steppe Gold Limited (TSX:STGO) (Read full newsRead More
Carlyle Commodities Corp. (CSE:CCC) (FSE: 1OZA) (OTC Pink: DLRYF) (Read full newsRead More
Gold has rarely been out of the headlines this summer, with prices of the precious metal soaring. Barrick Gold (TSX:ABX)(NYSE:GOLD) leapt more than 11% yesterday on the news that Warren Buffett had made a significant investment in the world-class miner. With prices heading for the atmosphere, US$3,000 and higher seem almost logical in the topsy-turvy pandemic market. But which stocks should invest...Read More
Barrick Gold (TSX:ABX)(NYSE:GOLD) stock soared almost 11% after Warren Buffett-led Berkshire Hathaway disclosed its stake in the miner. Barrick stock is up more than 65% this year and is currently trading close to its eight-year high.Warren Buffett and goldThe uptrend in the stock could continue at least in the short term, as Buffett followers try to get on board, too. Moreover, rallying gold pric...Read More
You’ll be surprised to know that a few stocks on the S&P/TSX 60 Index continue to do well irrespective of where the market or economy goes. These stocks are among the best-performing Canadian companies that continue to generate steady growth and are unlikely to take a hit even if the economy slips into a recession.So, if you are looking for the right investments, these are the three best...Read More
Warren Buffett was never a big fan of gold. He slammed the shiny metal, calling it an unproductive asset, which, unlike other assets like farms, generates nothing for investors over time. So, it may have come as a surprise when the man announced his stake in Canadian gold miners Barrick Gold (TSX:ABX)(NYSE:GOLD), with gold prices well above their mid-cycle levels.If you’re confused over Warr...Read More
Until some time back, heavy equipment rental companies were seen as a quick fix for unexpected orders or challenges that would prop up during infrastructure and construction activity. The last decade saw infrastructure and construction companies incorporate rentals as part of their overall strategy.However, today, as the world adjusts to a normal where lockdowns could be declared at a moment&rsquo...Read More
After rocketing to a new record high above $2,000 per ounce, gold has taken a bit of a breather. That was expected.No stock or commodity shoots straight up. So if you see a chart like this......You know things are going to turn south at some point.Nevertheless, all indications are that this is, in fact, a mild and temporary correction. As we've discussed, U.S. monetary policy is such that infla...Read More
Aug 18, 2020 Guest(s): Ole Hansen Head of Commodity Strategy, Saxo Bank The gold price is managing to hold on to $2,000 an ounce but after last week's sharp selloff the market could use some consolidation to allow investors to get comfortable with current prices, according to one market analyst.In an interview with Kitco News, Ole Hansen, head of commodity strategy at Saxo Bank, said that he is...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 18 that are worth another look.The annual Asia Copper Week gathering has been canceled this year due to the global spread of Covid-19, its Chilean organizer, the Center for Copper and Mining Studies, announced on August 18.Digital financing will ease...Read More
The three-month base metals prices on the London Metal Exchange were higher at the close of trading on Tuesday August 18, after positive US housing starts and building permits data supported complex-wide buying into the afternoon, with copper led the complex by closing at its highest level since June 2018. Copper's outright price on the LME closed at $6,567.50 per tonne on Tuesday afternoon, climb...Read More
The three-month zinc price on the London Metal Exchange consolidated slightly higher during morning trading on Tuesday August 18, building on a rally at Monday's close, while tin futures remained subdued over the morning. Zinc's outright price on the LME was recently trading at $2,470.50 per tonne, climbing by 0.8% from $2,442 per tonne at yesterday's close. Turnover was moderate at just over 3,70...Read More
The index ended at 3,389.78 points, above the previous record close of 3,386.15 set on February 19, marking the end of the shortest bear market on the S&P 500, Reuters reported. Gold has risen back above US$2,000 an ounce, a benchmark breached last week for the first time. It was worth $2,002.50/oz at the time of writing. Gold stocks gaining in Toronto included Sabina Gold...Read More
Having announced solid production H1 figures Read More
The latest data for the global manganese ore market for the week ended August 14, 2020.Read More
Congratulated by several analysts on a conference call for FY20 results in line with guidance and including circa-45% higher revenue and EBITDA, year-on-year, in a period seen as very testing forRead More