Recent News

Copper stocks look better than gold as commodity prices rise

January 01, 1970 / business.financialpost.com

Commodity prices have finally risen to the point that miners can start new development projects, but the rally in metals prices also brings higher costs for producers.Both operating and capital costs tend to climb sharply during cyclical rallies for metals. However, some companies have proven more adept than others at generating returns in the face of this challenge.Stephen D. Walker, head of glob...Read More

Gold Seeker Closing Report: Gold and Silver Gain With Stocks

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1333.20+$3.90Silver$16.63+$0.11XAU81.27+0.92%HUI178.10+0.79%GDM620.15+0.70%JSE Gold1104.42+14.83USD89.85-0.07Euro123.20+0.21Yen93.64-0.13Oil$63.91+$0.3610-Year2.863%-0.004T-Bond144.125+0.0625Dow25709.27+1.58%Nasdaq7421.46+1.15%S&P2779.60+1.18%  The Metals: Gold gained $11.50 to $1340.80 in Asia before it fell back to $1330.20 by midday in New York, but...Read More

Gold Seeker Closing Report: Gold and Silver Fall Over 1% With Stocks and Oil

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1318.60-$14.60Silver$16.42-$0.21XAU78.97-2.82%HUI173.05-2.83%GDM603.45-2.01%JSE Gold1083.86-20.56USD90.40+0.55Euro122.33-0.87Yen93.27-0.37Oil$63.01-$0.9010-Year2.901%+0.038T-Bond143.6875-0.53125Dow25410.03-1.16%Nasdaq7330.35-1.23%S&P2744.28-1.27%  The Metals: Gold edged up to $1334.70 in Asia, but it then fell all of the way back to $1313.50 in early af...Read More

B.C. requires more than one referendum on electoral reform; questions must be unbiased

January 01, 1970 / www.fraserinstitute.org

The British Columbia government has committed to proceed with electoral reform. The government has set a deadline of November 2018 to have a referendum on proportional representation. Part of the consultation process includes designing the referendum question. This paper reviews precedent and good practices that have been established in Canada and by several international organizations on the craf...Read More

Gold Seeker Closing Report: Gold and Silver Waffle Near Unchanged While Stocks Drop Again

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1317.60-$1.00Silver$16.39-$0.03XAU78.27-0.89%HUI171.87-0.69%GDM597.17-1.04%JSE Gold1068.95-14.91USD90.63+0.23Euro122.00-0.33Yen93.83+0.56Oil$61.64-$1.3710-Year2.862%-0.039T-Bond144.50+0.9375Dow25029.20-1.50%Nasdaq7273.01-0.78%S&P2713.83-1.11%  The Metals: Gold chopped in a relatively tight range of $1322.40 to $1316.00 and ended with a loss of just 0.08...Read More

Embracing commerce and economic opportunities raises living standards and incomes for Fort McKay First Nation members

January 01, 1970 / www.fraserinstitute.org

"Community capitalism" is the term used here to describe a politico-economic system in which a First Nation uses its assets (land, location, natural resources, and money) to generate income and provide social services for its members. The Fort McKay First Nation (FMFN) furnishes an important case study of community capitalism. As a result of its remarkable success, its characteristic features stan...Read More

Gold Seeker Closing Report: Gold and Silver Erase Significant Early Losses to End Mixed

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1315.30-$2.30Silver$16.49+$0.10XAU78.93+0.85%HUI173.26+0.81%GDM601.82+0.78%JSE Gold1066.31-2.64USD90.27-0.36Euro122.66+0.66Yen94.24+0.41Oil$60.99-$0.6510-Year2.807%-0.055T-Bond145.3125+0.875Dow24608.98-1.68%Nasdaq7180.56-1.27%S&P2677.67-1.33%  The Metals: Gold fell $14.80 to $1302.80 in midmorning New York trade, but it then shot back higher in afternoo...Read More

Lithium X shares slip ahead of China deal close

January 01, 1970 / business.financialpost.com

Shares in Lithium X Energy Corp. plunged Thursday morning,  just days before the company is set to be acquired at a huge premium by a consortium of Chinese investors, suggesting market skepticism the deal will be completed. The Vancouver-based company traded as low as $1.77 per share, before recovering to close at $2.21, up four per cent on the day. The buyout deal, which would pay share...Read More

Donald Trump says U.S. to slap 25% tariff on steel, 10% on aluminum imports next week

January 01, 1970 / business.financialpost.com

WASHINGTON — U.S. President Donald Trump said on Thursday the United States would impose tariffs of 25 per cent on steel imports and 10 per cent on imported aluminum next week.At a meeting with U.S. industry officials at the White House, Trump vowed to rebuild American steel and aluminum industries, saying they had been treated unfairly by other countries for decades.The move is likely to in...Read More

What happens when 'kingmaker' Eric Sprott backs your penny mining stock

January 01, 1970 / business.financialpost.com

One Friday afternoon not so many months ago, Canadian billionaire Eric Sprott was sitting in a leather wingback chair in a dimly lit room, talking about a junior mining company that he just can’t stop investing in.The company, Garibaldi Resources Corp., is in the earliest stages of exploring for nickel in British Columbia’s Golden Triangle, an area that has been relentlessly explored a...Read More

Canada could face bad news today after Trump tweets on unfair trade 'decimating' steel sector

January 01, 1970 / business.financialpost.com

The aluminum and steel industry, which affects businesses from beer to cars, reacted to the prospect of steep U.S. tariffs. President Donald Trump is expected to make the announcement on Thursday, and the move could have far-reaching effects. It may benefit U.S. steel producers, but also raises the possibility of retaliation from other countries and higher costs for American shoppers.AK Steel and...Read More

Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week

January 01, 1970 / news.goldseek.com

 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

Gold Seeker Closing Report: Gold and Silver End Slightly Lower but Miners Gain

January 01, 1970 / news.goldseek.com

 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

Frontier markets seek 'larger slice of pie' from miners as metal prices surge

January 01, 1970 / business.financialpost.com

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

'I see continued strength in precious metals': Wheaton Precious Metals' Randy Smallwood talks to FP at PDAC

January 01, 1970 / business.financialpost.com

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

'Americas has a ton of potential': Goldcorp's Todd White at PDAC

January 01, 1970 / business.financialpost.com

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

Pulling out of NAFTA ill-advised in response to U.S. steel tariffs: expert

January 01, 1970 / business.financialpost.com

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

Gold Seeker Closing Report: Gold and Silver Gain 1% and 2%

January 01, 1970 / news.goldseek.com

 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

'It's speed dating, straight up': PDAC parties abound as world's miners drink and deal in end to lean years

January 01, 1970 / business.financialpost.com

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

Gold Seeker Closing Report: Gold and Silver Give Back Much of Yesterday's Gains

January 01, 1970 / news.goldseek.com

 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

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