CloseGain/LossOn WeekGold $1321.90+$6.60-0.56%Silver$16.51+$0.02-0.06%XAU78.75-0.23%-2.21%HUI172.99-0.16%-2.11%GDM601.93+0.02%-1.94%JSE Gold1107.57+41.26+1.65%USD89.94-0.33+0.02%Euro123.28+0.62+0.24%Yen94.66+0.42+0.95%Oil$61.25+$0.26-3.62%10-Year2.860%+0.053-0.24%Bond144.3125-1.03125+0.13%Dow24538.06-0.29%-3.05%Nasdaq7257.87+1.08%-1.08%S&P2691.25+0.51%-2.04% The Metals: G...Read More
CloseGain/LossGold $1319.60-$2.30Silver$16.43-$0.08XAU79.10+0.44%HUI174.35+0.78%GDM603.42+0.25%JSE Gold1108.17+0.60USD90.00+0.06Euro123.36+0.08Yen94.25-0.41Oil$62.57+$1.3210-Year2.884%+0.024T-Bond143.96875-0.46875Dow24874.76+1.37%Nasdaq7330.70+1.00%S&P2720.94+1.10% The Metals: Gold gained $5.80 to $1327.70 in Asia before it dropped back to $1317.40 by midafternoon in New...Read More
Speaking in front of a crowd of several hundred people in downtown Toronto’s convention centre on Sunday, noted investor Rick Rule sounded a bullish note about mining in the Democratic Republic of Congo.The central African country has been riven by horrific violence, said Rule, chief executive of Sprott U.S. Holdings Inc., but it holds vast deposits of high-grade copper, cobalt and other min...Read More
Financial Post’s mining reporter Gabriel Friedman touches base at PDAC with Wheaton Precious Metals CEO Randy Smallwood, and discusses the outlook for gold, other metals, and cryptocurrencies.Read More
Financial Post’s mining reporter Gabriel Friedman talks at PDAC 2018 with Goldcorp COO Todd White about the company’s investment in North America, and its recent project in the Yukon.Read More
Canada will take the harshest blows if U.S. President Donald Trump slaps heavy tariffs on foreign imports of steel and aluminum, but any temptation to suspend NAFTA talks in retaliation should be avoided, Canada’s former chief negotiator on the trade agreement said Friday.Putting the NAFTA negotiations on hold pending a resolution of the dispute over steel tariffs would give the U.S. an excu...Read More
CloseGain/LossGold $1333.70+$14.10Silver$16.74+$0.31XAU80.80+2.15%HUI177.86+2.01%GDM615.99+2.08%JSE Gold1140.09+31.92USD89.62-0.38Euro124.10+0.74Yen94.26+0.01Oil$62.60+$0.0310-Year2.884%UNCHT-Bond144.1875+0.0625Dow24884.12+0.04%Nasdaq7372.01+0.56%S&P2728.12+0.26% The Metals: Gold gained $18.90 to as high as $1338.50 in late morning New York trade before it edged back lowe...Read More
TORONTO — While not the premium liquor and prime rib parties of old, miners are laying on the cocktails again after several lean years, booking hotel lounges and nightclubs to twin drinks with deal making.An upbeat tone at the world’s biggest mining conference comes as global exploration spending snaps a four-year decline, underpinned by a rebound in metals prices and strong global eco...Read More
CloseGain/LossGold $1325.20-$8.50Silver$16.48-$0.26XAU78.79-2.48%HUI173.41-2.50%GDM605.87-1.64%JSE Gold1138.24-1.85USD89.58-0.04Euro124.13+0.03Yen94.35+0.09Oil$61.15-$1.4510-Year2.882%-0.002T-Bond144.125-0.28125Dow24801.36-0.33%Nasdaq7396.65+0.33%S&P2726.80-0.05% The Metals: Gold fell $10.90 to $1322.80 in early afternoon New York trade before it edged back higher into th...Read More
On Tuesday morning, Chris Haldane, of Marathon Gold Corp., was looking at the price of gold and looking at his stock price: Gold had climbed US$17 per ounce, but the company stock was barely moving."It just seems like the junior gold space has gone into a pause mode," said Haldane, who handles investor relations for Marathon, and had just issued a press release touting positive drill results for i...Read More
Economic freedom, the ability of individuals to make their own economic decisions, is key to economic and social progress. Hundreds of academic studies have shown that economic freedom leads to higher rates of economic growth, higher levels of income, increased trust and honesty in government, protection of civil liberties, reductions in poverty, and improvements in health and educational outcomes...Read More
CloseGain/LossGold $1322.10-$3.10Silver$16.48UNCHXAU78.97+0.23%HUI173.54+0.07%GDM605.40-0.08%JSE Gold1120.34-17.90USD90.13+0.55Euro123.15-0.98Yen94.15-0.20Oil$60.12-$1.0510-Year2.860%-0.022T-Bond144.6875+0.5625Dow24895.21+0.38%Nasdaq7427.95+0.42%S&P2738.97+0.45% The Metals: Gold fell $6.10 to $1319.10 in late morning New York trade before it bounced back higher into the c...Read More
The idea of selling mattresses online has remained largely ignored for decades, which is not really surprising. If you think about it, shipping these bulky and huge beddings seem like a ridiculous idea with how unwieldy they are. It's not like you can just squish them into a box, ship them off and be done with it. Traditionally, to get mattresses delivered, you'll need to have burly guys carry the...Read More
OTTAWA — A coalition of business associations are urging Ottawa not to intervene in a months-long backlog of grain shipments, saying the move would only cause widespread delays for other commodity shippers on Canada’s highly integrated rail system.In a letter obtained by the Financial Post Tuesday, a coalition of seven business associations urged Transportation Minister Marc Garneau to...Read More
One of the biggest diamonds found to date has been sold for US$40 million.The 910-carat Lesotho Legend was sold in a tender in Antwerp, Gem Diamonds Ltd. said Tuesday. The company found the stone, which is about the size of two golf balls, at its Letseng mine in the African country this yearWhile it’s the most Gem has yet received for a diamond, other companies have sold for more. Lucara Dia...Read More
Prime Minister Justin Trudeau said Canada could use tariffs to fight any “increased pressure” of steel dumping into Canada aimed at circumventing new U.S. restrictions.The tariffs Donald Trump unveiled last week could prompt steel to be shipped instead through Canada to skirt the levies, Trudeau said Tuesday at an ArcelorMittal Dofasco plant in Hamilton, Ontario. The prime minister is...Read More
SummaryBetween 2007 and 2016, Ontario was mired in a prolonged period of economic weakness during which it lost ground compared to the rest of the country on many important economic indicators.This bulletin examines the extent of Ontario's economic weakness during this decade by examining a range of economic metrics.Ontario underperformed the rest of the country in each of the metrics examined in...Read More
MOSCOW — There was a gold rush in Siberia Thursday when the hatch of a cargo plane accidentally flew open upon takeoff — scattering tons of gold bars on the runway, Russian news reports say.An AN-12 plane operated by the airline Nimbus took off for Krasnoyarsk carrying 9.3 tons of gold and other precious metals, said to be worth $368 million, according to a statement from the state Inv...Read More
Maria Ezpeleta was planning to fly to Toronto earlier this month to speak about the impact of mining projects on women when she heard the news: The panel session, on "tackling gender bias" in the mining sector, was called off.In an ironic twist, the discussion of gender bias had been ensnared by #MeToo - the growing movement to stop sexual harassment - because new accusations were surfacing again...Read More
A flurry of new deals announced Monday suggests that mergers and acquisitions among junior mining companies, particularly in the gold space, could be heating up after several slow months.In the biggest mining deal announced so far this year in Canada, the 127-year old Idaho-based Hecla Mining Co. proposed what it estimated as a US$462 million cash-and-share acquisition of Nevada-based Klondex Mine...Read More