The current economic uncertainty is shooting up the prices of gold, which bodes well for gold mining stocks.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

Commodity stocks, aside from gold, largely sat out the rally over the past few months, but investors are starting to buy top players in these hard-hit sectors.Let’s take a look at Teck Resources (TSX:TECK.B) (NYSE:TECK) to see why it deserves to be on your contrarian radar today.Stimulus surgeTeck Resources is Canada’s largest diversified mining company. The core products are steelmaki...Read More

Amid the uncertainty in the equity markets and lower returns on bonds, investors have found refuge in the safe-haven asset, gold, leading to a surge in its prices. Year-to-date, gold prices have increased by over 27%. The increase in gold prices has benefited gold mining companies, such as Barrick Gold (TSX:ABX)(NYSE:GOLD) and Kinross Gold (TSX:K)(NYSE:KGC), which have returned over 50%...Read More

Amid the COVID-19 pandemic, Warren Buffett has been doing a considerable amount of selling, dumping his entire stake in commercial U.S. airlines and trimming his significant bank exposure. Recently, Warren Buffett scooped up shares of top-tier gold miner Barrick Gold (TSX:ABX)(NYSE:GOLD) after having slammed the yellow metal for the majority of his investment career.Given recent stock sales and hi...Read More

Aug 20, 2020 Guest(s): Gerald Celente Publisher, The Trends Journal The stock market does not reflect the economic reality, and this overdue correction can be expected as soon as this fall, said Gerald Celente, publisher of The Trends Journal."I believe, September or October, we're going to see the markets unravelling the way they should. There's actually no reason for them to be going up, only...Read More

NOA is a compelling opportunity for value investors with a longer-term time horizon to own a wealth-generating company which can be bought today near its tangible book value.North American Construction Group has seen some success from its initiatives into coal in Texas and Wyoming.Although stocks have recovered much of the lost ground from their worst lows in March, PI Financial analyst Devin Schi...Read More

Here are five Fastmarkets stories you might have missed on Thursday August 20 that are worth another look.The domestic hot-rolled coil price in Northern Europe moved up on August 20, following producers' bullish pricing policy, sources told Fastmarkets.China's domestic stainless steel prices rose for an eighth...Read More

The three-month price of copper on the London Metal Exchange was the underperformer at the close of trading on Thursday August 20, with the price holding above nearby support despite losing more than 1.2% over the day.Meanwhile, zinc futures struggled to hold ground above the $2,500-per-tonne threshold.Copper's outright price on the LME closed at $6,601.50 per tonne on Thursday afternoon, falling...Read More

The LME three-month copper price was the biggest faller in morning trading on Thursday August 20, dropping by 1.7% against a slight uptick in the US dollar index, while a fresh cancellation supported the nickel price.Copper's outright price on the London Metal Exchange was recently trading at $6,575.50 per tonne on Thursday morning, wiping out gains made on Wednesday after closing at its highest l...Read More

It had announced plans earlier in the day to raise $45 million, priced at $1.85 per share and $2.68 per flow-through share.The underwriters, led by Cormark Securities and Stifel GMP, were granted an over-allotment option.The company said proceeds would be used for exploration, pre-development and development activities at its flagship, "shovel-ready" Bateman project in Ontario, plus for general wo...Read More

"We are very disheartened by the federal government's decision on the Castle project given the expansion fell well below the threshold to being subject to the IAA," said Mining Association of CanadaRead More

Codan's overall sales surged 29% year-on-year to A$348 million but the small mining-focused tracking solutions business saw a 32% retraction to $7.6 million. The company's net profit after tax was up 40% to $64 million for the year.In 2018, after Codan entered a strategic collaboration agreement with the world's biggest mining machinery maker, Caterpillar, CEO Donald McGurk said the alliance was a...Read More

The company, which was on track to beat its FY19 record sales in the first nine months of FY20, took a hit from the slowdown in major mining regions in the fourth (June) quarter. Its full-year revenue came in 2.5% lower at A$237.7 million, while FY20 net profit after tax was down 21% at $21.76 million despite EBITDA margins improving from 21.5% to 24.4% in the latest year.Six weeks into fiscal 202...Read More

Miners and explorers were quick to say operations were unaffected and they were closely monitoring the developing situation.Barrick said yesterday its Loulo-Gounkoto complex had not been affected and operations were continuing as normal.It noted it had "an adequate inventory for its foreseeable requirements and management has taken steps to secure its supply lines".Verisk Maplecroft senior Africa...Read More

Key information from the pricing session for Fastmarkets' daily alumina index, fob Australia, on Thursday August 20.The index was $284.30 per tonne on Thursday, its highest since March 18 this year when it was $297.23 per tonne, and was up by 7% since the beginning of this week.Key drivers Production at Norsk Hydro's Alunorte alumina refinery in Brazil has been reduced to 35-45% of capacity. Hydro...Read More

Halifax, Nova Scotia - Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) ("Sona Nanotech" or the "Company"), a developer of rapid, point-of-care diagnostic tests, announces that it expects to release a report on its clinical, in-field evaluation studies for its rapid detection, COVID-19 antigen test next week. This data will be used to support the Company's submissions to Health Canada and the FDA fo...Read More

Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), has added additional revenue-generating retail channels to its platform - outpacing internal growth targets and meeting client demand for digital integration across the valuable "last-mile" of global retail.According to Venzee CEO John Abrams, "We completed our pivot to a partner-driven selling model in the fir...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce the Company has aligned with Vive Wireless, an Authorized Wireless Bell Dealer in Canada, to engage in multiple opportunities for the Uniden UV350 in conjunction with an initial purchase order from a leading Canadian construction company through Vive Wireless.Marc Seelenf...Read More

A summary of producer South32's financial results for the year ended June 30, 2020.In briefSouth32's underlying earnings were down by 81% in the 2020 financial year at $193 million, compared with $992 million in the prior financial year, with volatile macroeconomic conditions affecting the prices of key commodities. Statutory profit after tax declined by $454 million to a loss of $65 million in 20...Read More