Weekly Roundup

Gold Stocks Expected To Soar After Comments From Trump

December 09, 2019

Gold rallied about 1% in the past week, closing at a nearly one-month high of $1,484 an ounce on Tuesday. As a result, the majority of gold stocks shot up. Leading the way were Harmony Gold (NYSE:HMY), Sibanye-Stillwater (NYSE:SBGL), and Coeur Mining (NYSE:CDE), which all rallied around 10% on the same day. The TSX posted nine new 52-week highs and no new lows. 2019 has been an eventful year for...Read More

Gold stocks continue to climb as TSX notches fourth straight record

December 02, 2019

Canada’s main stock index rose to a record high on Thursday, largely due to gains from the materials sector. The materials group, including precious and base metal miners, added 0.6 percent. Gold was up 0.3% at 1,458.1 an ounce, which led to an increase in value of gold stocks as well. The Toronto Stock Exchange’s S&P/TSX composite index rose 13.95 points, or 0.1%, to 17,114.52. I...Read More

Gold Stocks' Winter Rally?

November 23, 2019

Junior gold miners’ stocks have enjoyed a surge in 2019, blasting higher after gold’s first bull-market breakout seen in several years. Following a powerful summer rally, some of the Canadian miners’ stocks were really overbought, which resulted in a correction to rebalance exuberant sentiment. That grinding consolidation lower set them up nicely for their winter rally – th...Read More

Gold stocks rally for a stronger week on a fear of global slowdown

November 17, 2019

It has been a dynamic year for the Canadian gold mining sector and especially for junior gold miners. As the price for gold has started to rally due to a number of factors in the global economy and financial markets, gold mining stocks are coming out as some of the best performers. In the past months, more investors have been rushing to store their capital in safe-haven assets, while trying to bea...Read More

Gold recoups some of recent losses on White House pushback

November 09, 2019

Gold continues to lead metal-sector outperformance within a challenging broader commodity market, in the past week. Although gold prices dropped Thursday to post their lowest finish in three months and largest weekly percentage decline in more than a year, gold futures settled higher Wednesday, a day after the precious metal lost its grip on the psychologically significant $1,500 mark amid gains i...Read More

Junior Mining Equities on Downtward Trend Admist A Rising Gold Price

November 01, 2019

Last week saw the junior gold miners continue their downward trend despite gold prices demonstrating further gains in the metals space. The yellow metal continues to hover around the US$1,500 per ounce level for almost six weeks, with some volatility during this period that saw prices rise and fall briefly to US$1,535 and US$1,471 per ounce, respectively. The stable trend in the price of gold and...Read More

Gold price set to rise on negative interest rates with high risk reward

October 25, 2019

Canada is fast becoming the hottest ticket in gold mining with gold stocks up last week as trade talks between the US and China resumed on Thursday. Mining shares were up on average 4.2% last week with several junior gold miners coming out strong after posting their Q3/19 results. Steady operating results and stronger quarterly financial results are offering an appealing opportunity for investors...Read More

TSX Retreats After Positive Start

October 18, 2019

After opening marginally up and edging up further in early trades, the TSX slipped into negative territory Thursday morning. The downward trend was the result of economic data from either side of the border due to uncertainty about the approval of the deal and worries about U.S.-China trade dispute. However, materials shares and mining stocks remained in demand following news from several Canadian...Read More

Further Growth Ahead After Gold Prices Fall

October 12, 2019

Canada's main stock index ticked lower on Monday as the materials sector, which includes precious and base metals miners, lost 0.5% as gold futures fell 0.5% to $1,498.2 an ounce. This follows newly released projections from Citigroup that gold prices may surge to a new record high at some point during the next year or two. After a summer of low interest rates around the world and mounting recess...Read More

TSX Flat as Junior Gold Miners Offset Weak U.S. Data

October 03, 2019

Canada's main stock index was flat on Thursday, as gains in gold stocks offset early weakness following poor readings on U.S. services sector activity. This marks a continued trend for gold (GC00), which has been performing well since late February with a modest but stable 0.25% increase. At 11:14 a.m. ET (1514 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 15.11 po...Read More

Canadian Mining Marches into the Future, but do Juniors Gold Stocks Investment?

September 27, 2019

The price of gold may have struggled this week but nothing could spoil the mood for mining giant Newmont Goldcorp as it announced the arrival of Canada’s most high tech gold mine.   Officially opening the Borden Gold Project near Chapleau, Ontario, Newmont Goldcorp President Tom Palmer said: “Electric underground fleet will eliminate diesel particulate matter from the undergroun...Read More

Canadian Nickel and Lithium Stocks Enjoy Positive Global Current

September 20, 2019

Canadian nickel producers can only stand to profit as protectionist measures in South Asia appeared to drive prices higher this week.   While the world’s largest producer, Indonesia, confirmed its plans to ban exports of nickel ore from January 2020, a mining region of the Philippines shut down four mines in a surprise move.   The government of Bangsamoro Autonomous Region...Read More

Canadian Mining Stocks Enjoy Upbeat News

September 14, 2019

Ontario’s move towards opening the Ring of Fire Metal deposits to exploring and mining companies could provide the next boost to Canada’s mining stocks.   The state’s Minister of Energy, Northern Development and Mines recently announced plans to work directly with First Nation communities to develop infrastructure that unlocks the mineral-rich region in northern Ontario....Read More

Silver and Platinum Miners Set to Boost Production

September 06, 2019

Canadian platinum, palladium and silver mining stocks are among the junior miners enjoying a boost as investors search for value in a turbulent global market.   While gold continues to forge upwards and the best junior gold stocks have been snapped up by investors this year, silver has outperformed its more lustrous cousin in recent weeks. In particular, analysts this week noted that silver...Read More

Investment and Drilling Success For Canada's Junior Mining Stocks

August 30, 2019

Canadian junior miners produced a steady stream of news this week as a string of deals helped fund and launch projects across the country and beyond.   Sable Resources (TSX-V: SAE), the junior grassroots explorer focused on the discovery of new precious metal projects through systematic exploration in endowed terranes located in favourable, established mining jurisdictions, can look fo...Read More

Cash flows into junior miners and gold ETFs

August 23, 2019

Silver and nickel miners stole some of the shine in the precious metals sector this week as pundits were split on gold’s next move.   Among the silver stocks, Canadian explorer Kootenay Silver (TSX-V: KTN) closed on a C$5 million private placement this week, funded by the billionaire investor Eric Sprott. The British Columbia headquartered junior miner is actually...Read More

Rising Gold Prices See Analysts Recommend Junior Mining Stocks

August 16, 2019

A third straight week of price gains for the yellow metal was a welcome news for gold stocks, as analysts started to talk of $1,600 an ounce.   Nils Christensen wrote on the admittedly usually bullish Kitco site: “It is now a fight to the bottom in interest rates and the European Central Bank is packing a monetary policy bazooka that could push gold prices above $1,600 an ounce, accor...Read More

Sprott's Buying Spree Continues as Analysts Tip Junior Mining Stocks

July 12, 2019

Legendary junior gold stocks investor Eric Sprott continued his buying spree this week as he snapped up the lion’s share of Golden Predator’s latest equity issue.   Golden Predator Mining Corp. (TSX.V:GPY) originally announced a private placement of worth $6.08m, in which Sprott had agreed to acquire 5 million shares - moire than a third of the latest batch - to increase his tot...Read More

Gold Stocks Raise Cash as Production Grows

July 05, 2019

With the gold price jumping uncertainly around the $1,400 an ounce mark, it was left to the gold miners themselves to ensure a positive newsflow that supported their stocks this week.   Starting with the majors, Barrick Gold (NYSE:GOLD) (TSX:ABX) and Newmont Goldcorp (NYSE:NEM) (TSX:NGT) successfully concluded the long-awaited transaction establishing their new joint venture which will run...Read More

Junior Miners and Gold ETFs Are Top Monthly Movers

June 29, 2019

In a week where the gold price tested new highs and showed itself capable of holding above US $1,400 an ounce, speculation moved to what effect this will have on junior mining stocks. Financial Adviser magazine singled out gold-focused exchange traded funds as the best performers so far. Top of the monthly list was iShares MSCI Global Gold Miners ETF (NASDAQ: RING) with a return of 24.2% during t...Read More