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Corvus Gold jumps 15% on Nevada drill results Nevada explorer Corvus Gold (TSX:KOR) traded up 15% to $2.58 a share on Wednesday after announcing a new discovery below its Mother Lode deposit. The company highlighted a drill result showing 125.5m @ 2.6 g/t gold including 14.8m @ 8.9 g/t gold & 24.7m @ 4.9 g/t gold. In a news release Jeffrey Pontius, President and CEO of Corvus, said the results reveal the potential of CIZ. “These new results now reveal…

Osisko Gold Royalties reports higher adjusted 1Q profit Osisko Gold Royalties Ltd. (TSX & NYSE: OR) posted a larger adjusted profit in the first quarter as revenues were boosted by higher prices of precious metals, the company said late Tuesday. Revenues from royalties and streams totaled $37.8 million, an increase of 13% from $33.5 million in the same quarter a year ago. The company listed 18,159 gold equivalent ounces, down from 19,753 a year ago. However, the average gold rose…

Hold on for inflation equities trade, JP Morgan says HANDOUT – 18 September 2019, US, Washington: US Federal Reserve (FOMC) chairman Jerome Powell speaks during a press conference. The US Federal Reserve on Wednesday lowered the target range for interest rates by a quarter point – the second cut in just ove Equity investors should not worry about inflation for the time being despite central banks unleashing monetary policy, JP Morgan said. The investment bank said it had received questions…

Gold prices today fall for second day in a row, silver edges higher Gold prices have struggled at higher levels due to weak physical demand But in the past one year, gold prices are up about 40% Gold prices in India fell for the second day in a row despite positive global cues. On MCX, June gold futures were down 0.2% to ₹45,722 per 10 gram, after falling 0.70% in the previous session. Silver prices however edged 0.42% higher to…

Don’t be “deceived” by rallies; gold prices and stocks both due for pullback – Phil Streible Gold prices, in U.S. dollar terms, and stocks are both overbought and traders can expect a correction in the short to medium term, this according to Phil Streible, senior market strategist at Blue Line Futures. “I just think it’s overvalued at this point. There’s about 311 companies out there that have recently gone into this distressed state. The bankruptcy levels are increasing. I’m quite…

Gold breaks solidly to the upside with gains of 2.29% on the day If you recall from my articles from earlier this week, first on Tuesday, May 5 titled “Gold prices firm as U.S. dollar continues to climb”, we included a daily candlestick chart which included a hand-drawn compression triangle, commonly referred to as a pennant formation. We also included an arrow indicating that we were expecting a breakout to the upside. Below is that chart which was available to…

Wheaton loads up in silver in Q1 Wheaton Precious Metals (TSE:WPM) said today attributable gold equivalent production was over 180,000 ounces in the first quarter partially driven by record attributable silver production at Peñasquito. Silver ounces produced was at 6.7 million ounces, up 18.5% from the same period a year ago. Revenue was $255 million in the first quarter of 2020 representing a 13% increase from the first quarter of 2019 due primarily to an 18% increase in the average…

B2Gold touts record revenue, cashflow, gold production B2Gold (TSX:BTO) said today it had record quarterly total gold production of 264,862 ounces in Q1. Revenue was up 44% to $380 million, also a record. The quarterly consolidated cash flow provided by operating activities from the company's three operating mines was $216 million, also a record. Cash-flow was up $130 million or 151% over the first quarter of 2019. The jump in gold production over the first quarter of 2019 was driven…

Coronavirus pandemic, and about $145 billion remains in the congressionally approved fund, the U.S. Small Business Administration and Treasury Department said Sunday. The SBA has processed about 2.2 million loans worth more than $175 billion since Congress last month authorized more funding for the Paycheck Protection Program, part of almost $3 trillion in spending to fight the heavy economic toll of the pandemic, which has thrown about 30 million Americans out of work. The second round of funding was launched…