Who says gold lost its appeal as a safe haven asset? After five straight positive trading sessions last week, the yellow metal climbed above $1,100, its highest level in nine weeks, on a weaker U.S. dollar. The rally proves that gold still retains its status as a safe haven among investors, who were motivated by… Continue Reading
This Week is a collection of articles, quotes and thoughts that speak to the state of the markets, whether macroeconomic or company centric. Click on the links to explore a collection of articles, or skim through the headlines for some quick context. This Week… Play the Long Game – The Telegraph came out with an… Continue Reading
Two of Canada’s stronger mid-tier gold producers were out of the gate today with positive 2015 production reports. Timmins miner Lake Shore Gold (LSG-T) produced 178,700 ounces of gold in 2015, compared to a record 185,600 in 2014. However, the treasury has grown to $100 million (in cash and bullion) compared to $60 million a… Continue Reading
Probe Mines (PRB-V) The insider purchase was small, but the names of the buyer and the company are familiar – Jamie Sokalsky because he used to run Barrick Gold (ABX-T) and Probe Metals because it’s a cash-rich spinout of Probe Mines, purchased by Goldcorp in one of the few M&A transactions of note in 2015… Continue Reading
Good morning, As the markets continue a freefall in most sectors, except for gold (back over US$1,100) and gold stocks, a couple news releases caught my eye this morning. Claude Resources (CRJ:TSX) – Saskatchewan’s only publicly traded gold producer is out with 2015 annual results and guidance for 2016. Production for the year was 75,748 ounces, a… Continue Reading
The media has run with a recent note by Bank of America mining analysts arguing now is the time to raise billions – as much as $30 billion – through new equity to take over other distressed assets. The note garnered headlines like “BHP, Rio Tinto tipped to sell $30b of shares to fund asset buys.”… Continue Reading
There was a sheet ice storm in Portland, Oregon the other day and I did not make it to the office. There was one inch of sheet ice on both my car and the roads, and then it warmed up slightly, producing water on top of the ice. With the ice storm, the decision to… Continue Reading
Some insider transactions of note from overnight, with a focus on stock purchases in the public market. Did I miss anybody interesting? Let me know, and track what the insiders are doing using the black Insiders tab at CEO Chat. Uracan (URC-V): Chairman Clive Johnson picked up more shares Tuesday, buying 312,000 shares at 2… Continue Reading
I was curious to hear about Euromax Resources’ view of the road to final financing on the Ilovica copper-gold project in Macedonia, after the company released a no-big-surprises feasibility study this morning. London-based Steve Sharpe, president and CEO, answered his phone and after some wrangling with Skype’s poor quality, we chatted for 10 or so… Continue Reading
I catch up with Sulliden Mining (SMC-T) this morning to hear about its new president, Paul Pint, and what working role he will fill. Sulliden – spun off from “old Sulliden,” a predecessor company that was taken over by Rio Alto – owns stakes in a few juniors like Belo Sun and Falco, and also… Continue Reading
Today I join the CEO.ca team. On the one hand it’s a seamless shift for me. As at Mineweb and the Northern Miner, my previous homes as a writer and editor, I’ll be helping the CEO.ca team produce crack stories about exploration and entrepreneurs. On the other hand it’s a new adventure. Tommy and his… Continue Reading
Via Energy and Gold.com: The Russell 2000 (IWM) has been testing an important area of resistance for the last few days: IWM (Daily) This resistance near $115-$115.20 on the IWM also happens to line up with the flat 50-day simple moving average and the 38.2% Fibonacci retracement of the June-August decline. It is fitting… Continue Reading
Via Energy and Gold.com: This chart from RBC Capital Markets Research shows that non-precious metal mining shares are almost as cheap as they were at the depths of the 2008 Global Financial Crisis market crash: According to RBC non-precious metal mining shares are currently trading at a ~47% discount to net asset value (NAV).… Continue Reading
Stock market commentator Allan Barry Laboucan is one of the most outspoken, controversial, and appreciated members of the chat.ceo.ca community. He makes some great calls, and some bad ones, and takes it all in stride. Allan made the unfortunate mistake of buying and recommending Rubicon Minerals stock this fall, telling the CEO.CA community his mom was averaging… Continue Reading
What were you doing in June 2006? That’s when the Federal Reserve last raised interest rates, just a year after the last Star Wars flick hit theaters. The biggest movie at the time was Adam Sandler’s “Click,” the hottest song, Shakira’s “Hips Don’t Lie.” The best-performing S&P 500 Index stock for the month was C.H.… Continue Reading
