Big News Roundup Resource Investing

- March 30th, 2018

In case you missed it, here are our past big news roundups for Resource Investing

Sept 13 Big News Roundup: Puma Closes Targets Minerals Transaction; Surge Acquires Additional Gold-Copper Mineral Claims in the Golden Triangle; Bullfrog Gold Lists on the Canadian Securities Exchange

The S&P/TSX Composite Index (INDEXTSI:OSPTX) hit a record high this morning due to a rise in gold prices and energy shares. The world is also viewing the US-China trade with a positive light this morning. China’s State Council has stated that it will exclude some agricultural products from additional tariffs on US goods. This is one of many conciliatory measures taken this week between the two countries as they prepare for mid-level talks, which could take place as early as next week. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it started strong this morning. Nine of the 12 Toronto subgroups were up this morning with healthcare gaining 1.4 percent and energy and materials shares rising 1.1 percent each. Of the three laggards, technology lost 0.9 percent, communications were down 0.4 percent and utilities dropped 0.2 percent.

In case you missed it, here is this week’s resource big news roundup:

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Battery:

Precious: 

The silver market is booming! Is now the time to invest??

   
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This article is updated each week. Please scroll up for the most recent information.

Sept 6 Big News Roundup: Pistol Bay Options Out Fredart-Gerry Lake Properties; Surge Acquires Additional Gold-Copper Mineral Claim in the Golden Triangle; Orsu Metals Expands the Footprint of Its Sergeevskoe Gold Project

On Wednesday, the S&P/TSX Composite Index (INDEXTSI:OSPTXrebounded after Hong Kong leader Carrie Lam announced the withdrawal of the extradition bill. This news was bolstered by the US Federal Reserve’s Beige Book, which suggested that the US economy should grow at a modest pace despite the US-China trade war uncertainties. The index received another bump up the following day as trade talks continue between the US and China. On Friday, oil stocks dragged the index down 1.2 percent as uncertainty over renewed US-China trade talks, which are expected to resume in October. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it dropped sharply this morning but is expected to finish on the rise. Eight of the 12 Toronto subgroups went south in the first hour with energy stocks experiencing a 1.5 percent loss. Industrials were down 0.6 percent and information technology dipped by 0.4 percent. The three gainers today were health-care at two percent, consumer staples at 0.3 percent and financials 0.04 percent. Communication shares remained unchanged.

In case you missed it, here is this week’s resource big news roundup:

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Aug 30 Big News Roundup: Glencore and First Cobalt Sign Definitive Agreement; Golden Predator Submits Mining Restart Notice For Brewery Creek; Puma Creates a New Active Player for Precious Metals in New Brunswick

After last week’s trade drama, US President Donald Trump stated that he was interested in resolving the trade war through continued talks with China. Chinese Vice Premier Liu He echoed these sentiments, putting recession fears to rest for the moment. Following these announcements, the S&P/TSX Composite Index (INDEXTSI:OSPTX) has been on the rise due to robust economic data. On the economic front, Statistics Canada announced that Canada’s economy grew by 3.7 percent in the second quarter, which is higher than expected.

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it is also on the rise today. Seven of the 12 Toronto subgroups reached new highs with health-care stocks leading the pack with a 0.6 percent gain; industrials were up 0.5 percent and consumer discretionary gained 0.4 percent. Gold was hit the heaviest, down by 0.6 percent, followed by energy and consumer staples, down 0.5 percent and 0.3 percent, respectively.

In case you missed it, here is this week’s resource big news roundup:

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Aug 23 Big News Roundup: Medallion Completes Final Testwork Program Responds to US Department of Defense Request; Jade Leader Discovers New Jade Zone at DJ

This week all eyes were again focused on the trade dispute between China and the US. On Friday morning, China slapped tariffs on a variety of American goods worth a total of $75 billion, raising fears of a US recession. President Donald Trump has promised to respond to the latest tariffs this afternoon. The news, of course, affected the S&P/TSX Composite Index (INDEXTSI:OSPTX), which fell 0.2 percent today. The dip in the index can be attributed to a fall in oil prices and energy shares as the tariffs applied to crude oil prices in the US. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it edged higher this week to rest at 579.61 points. The 12 Toronto subgroups were evenly divided this morning, but gold gained 1.2 percent while the materials and information technology sectors each climbed 0.6 percent. Following news of the tariffs, energy stocks experienced the heaviest losses at 1.7 percent.

In case you missed it, here is this week’s resource big news roundup:

Battery:

Critical:

Gem:

Precious:

The silver market is booming! Is now the time to invest??

   
Find out why in your free report.
 

Aug 16 Big News Roundup: Angkor Receives Approval for Cambodian Oil and Gas Concession; Progressive Planet Receives Largest Order for Rock Dust; Giyani Announces Positive PEA for its K.Hill Manganese Project in Botswana

On Wednesday, the S&P/TSX Composite Index (INDEXTSI:OSPTXplunged as fears of a global recession rise on the backs of disappointing economic data in China, German economy contraction and in June, Europe’s factory production fell the most in three years. Adding to the angst, yields for two-year and 10-year bonds inverted for the first time since the Great Recession. On Friday, the index rose as central banks across the globe make plans for added stimulus, easing concerns of an economic slowdown. Technology stocks also did their best to offset the loss for the week. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it fell for most of the week but recovered 1.91 points to 570.69 on Friday. All but two of 12 Toronto subgroups gained ground, with health-care sprouting two percent, financials up 0.8 percent and energy up 0.7 percent. The two groups that were down are gold and materials.

In case you missed it, here is this week’s resource big news roundup:

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Aug 9 Big News Roundup: PLAN Signs Sustainable Cannabis Waste Collection Contract; VVC Board of Directors Approves the Gloria Pilot Mine at its Northern Mexico Copper Property; Searchlight Options Flin Flon North Claims

After a turbulent week, the S&P/TSX Composite index (INDEXTSI:OSPTX) opened lower as material shares weighed down the market on Friday, but gains in the energy sector offset the losses. Recent employment data in Canada also made an impact on Friday based as the country shed 24,200 jobs in July due to losses in the wholesale and retail trade. This came as a surprise to economists as they were predicting that 15,000 jobs were going to be added to the market. At the beginning of the week, the index experienced substantial losses on Monday and Tuesday due to global trade woes and losses in the energy sector. The index rose on Wednesday as the Canadian dollar regained ground after it briefly dipped below US$0.75. It also outperformed its US counterpoints as the price of gold surpassed US$1,500 for the first time in six years. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), the index fell 0.23 points to 596.10 on Friday. Eight of the 12 subgroups stumbled this morning as consumer discretionary stocks lost 1.2 percent, materials were down one percent and healthcare stocks dropped 0.8 percent. Of the four gainers, energy was up by 0.7 percent, and the real estate and communications subgroups were up 0.1 percent each.

In case you missed it, here is this week’s resource big news roundup:

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Aug 2 Big News Roundup: Pistol Bay Acquires Gold Exploration Claims in Red Lake; E3 Metals Builds First Lab Scale Lithium Extraction Flow System; Western Copper and Gold Acquires Canadian Creek Property

The US stock market took a $25 billion a minute hit on Wednesday when Federal Reserve Chair Jerome Powell announced the bank’s interest rate cuts, despite his explanation as to why the cuts are not the start of a lengthy easing cycle. The S&P/TSX Composite index (INDEXTSI:OSPTX) took a hit as well from the news. On Friday, the index took a second hit following a sharp escalation in the US-China trade war, but oil prices lifted energy stocks, keeping the losses in check. As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), the index climbed 0.97 points to open the market today at 592.30 points. All but three of the 12 subgroups were down to begin the session.

In case you missed it, here is this week’s resource big news roundup:

Base:

Battery:

Precious:

The silver market is booming! Is now the time to invest??

   
Find out why in your free report.
 

Jul 26 Big News Roundup: MGX Renewables Commences Trading; American Manganese Achieves Improved Pilot Plant Results of 99.93% Purity; Searchlight Resources Options Flin Flon North Claims

The S&P/TSX Composite index (INDEXTSI:OSPTX) got a boost on Tuesday as world stocks gained on the expectation of further central bank easing. The gain was short-lived as US and Canadian stocks opened lower on Thursday as earnings on both sides of the border provided a mixed growth picture. The European Central Bank also signaled that more stimulus could be coming in the coming months. On Friday, the index gained due to a rise in the energy sector as oil companies aspire to reach an agreement with the Alberta government to boost production. As for the S&P/TSX Venture Composite Index (INDEXTSI:JX),  it fell towards the beginning of the week but looks like it’ll finish the week on the rise. All but one of the 12 subgroups moved into the greenthis morning as gold fell by 0.3 percent. 

In case you missed it, here is this week’s resource big news roundup:

Base:

Battery:

Energy:

Precious:

The silver market is booming! Is now the time to invest??

   
Find out why in your free report.
 

Jul 19 Big News Roundup: Jade Leader Acquires 100 Percent Interest in Lode Property; Pancon Expands Its Jefferson Gold Project to Surround the Former Brewer Gold Mine; First Cobalt and Glencore Conclude Term Sheet for Refinery Restart

On Thursday, the New York Federal Reserve President John Williams stated that policymakers need to add stimulus early on and cannot wait for economic disaster to hit. The announcement led the S&P/TSX Composite index (INDEXTSI:OSPTX) to rise on Friday. The index was also buoyed by a rise in crude oil prices as tensions spiked in the Middle East. The US claims they destroyed an Iranian drone in the Strait of Hormuz, pushing the energy sector higher. On the downside, Statistics Canada reported that the value of the Canadian retail trade unexpectedly dipped by 0.1 percent in May, the first decline in four months. As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it’s been on the rise all week. 

In case you missed it, here is this week’s resource big news roundup:

Battery:

Gem:

Precious:

What are experts advising about the resource market?

 
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Jul 12 Big News Roundup: Progressive Planet Divests of Lithium IP; Golden Ridge Options 52,442-Hectare Ball Creek Project; Manganese X to Acquire Lac Aux Bouleaux Graphite Property

The US Federal Reserve Chair Jerome Powell made comments on Wednesday and Thursday about cutting interest rates in the bank’s meeting later this month, but he would not commit to when or how much they could move, which could lead to volatility in the markets. In Canada, the S&P/TSX Composite index (INDEXTSI:OSPTX) was higher on Wednesday due to strength in the energy sector as the price of oil rose. The Canadian central bank also stated that it would not be raising or lower interest rates, which helped strengthen the Canadian dollar. However, by Friday, the index broke even as gains in the materials sector offset the declines in the healthcare sector. As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it opened at 580.99 points on Friday and has steadily dropped since the market opened.

In case you missed it, here is this week’s big news roundup in the resource market:

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Jul 5 Big News Roundup: A.I.S. Resources Commences Shipping Manganese; 21C Metals Files NI 43-101 Initial Resource for the East Bull Palladium Project; Deer Horn Becomes First Junior Exploration Company to Join the Initiative for Responsible Mining Assurance

In the US, the Federal Reserve has hinted that it may cut interest rates which have buoyed US stocks and treasuries, leading the S&P 500, the Dow Jones Industrial Average and Nasdaq to new highs this week. The rate cuts in the US have helped boost stock valuations by stimulating corporate earnings and capital spending as borrowing costs fall, leading to gains on the S&P/TSX Composite index (INDEXTSI:OSPTX) this week. However, the rate cuts also signal that there is an emerging economic weakness, which is harmful to equities. This was evident in the dramatic fall of the S&P/TSX Composite index on Friday.

The materials sector fell the most at 2.7 percent, followed by gold prices, which fell by almost two percent. Also affecting the index was the announcement that Canada shed 2,000 jobs in June. As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it opened at 587.22 points on Friday and was dragged lower as the gold, materials and information technology sectors experienced losses.

In case you missed it, here is this week’s big news roundup in the resource market:

Battery:

Critical:

Precious:

The silver market is booming! Is now the time to invest??

   
Find out why in your free report.
 

Jun 28 Big News Roundup: Talisker to Commence Trading; Nexus Returns High-Grade Sample; Go Cobalt Identifies Geophysical Target and Doubles Land Package

The TSX composite index followed a steady decline this week in anticipation of trade talks between the United States and China at their G20 meeting. On Friday US President Donald Trump stated that he hoped for productive talks with Chinese President Xi Jinping, however he remained adamant that he would not promise any easing of the trade tariffs that sparked the international trade dispute.

Uncertainty in the international markets had an effect on Canada’s main index this week, setting the Toronto Stock Exchange’s S&P/TSX Composite Index (INDEXTSI:OSPTX) up for its first weekly loss in the month of June. Six of the six major sectors within the index had losing weeks, including the energy sector which dipped by 0.4 percent.  The S&P/TSX Venture Composite Index (INDEXTSI:JX) opened Friday’s trading session at 584.67 points, down approximately 10 points on the week. 

In case you missed it, here is this week’s big news roundup in the resource market: 

Precious

Base

Battery

The silver market is booming! Is now the time to invest??

   
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Jun 21 Big News Roundup: Standard Lithium Announces Positive PEA; Allante Announces Proposed Qualifying Transaction with Wealth Copper; Talisker Enters into Agreements Further Increasing Spences Bridge Gold Belt Land Position

Political tensions across the international landscape continued to drive market prices this week, including a sharp rise in the S&P/TSX Composite index (INDEXTSI:OSPTX) following accusations from US President Donald Trump regarding a tanker attack on June 13. Oil prices reached a three-week high after tensions between the US and Iran continued to rise following an attach on a US surveillance drone on Thursday. The index jumped nearly 100 points following the announcement of Thursday’s drone attack. The S&P/TSX Venture Composite Index (INDEXTSI:JX) dropped 33.98 points to begin the week, opening Friday’s trading at 16,540.85.

In case you missed it, here is this week’s resource big news roundup:

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Battery

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Jun 14 Big News Roundup: Fidelity Acquires Two Highly Prospective Gold Projects in Peru; Jade Leader Increases Land Holdings and Identifies 5 Priority Targets in Wyoming Jade Fields; Go Cobalt Joins Yukon Mining Alliance

This week, the S&P/TSX Composite index (INDEXTSI:OSPTX) was up and down as trade woes between the US and China continue. The US Federal Reserve may be initiating a rate cut to keep market sentiments positive as trade negotiations continue. In the Middle East, two oil tankers were hit in the Gulf of Oman in a suspect attack on Thursday, driving oil prices up. On Friday, the index fell with technology stocks due to Broadcom Inc.’s (NASDAQ:AVGO) reduced 2019 revenue forecast. The index was also mirroring the weakness in the global markets. At 9:50 a.m. ET, the index was down 27.84 points at $16,211.42. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, steadily dropped this week.

In case you missed it, here is this week’s resource big news roundup:

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Energy:

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Jun 7 Big News Roundup: Searchlight Stakes High-Grade Kulyk Lake Rare Earth Project; IsoEnergy Expands Larocque East Uranium Property Through Staking; Global Energy Metals Receives Approval for Acquisition of Right To Use Re-2ox Technology

This week, the S&P/TSX Composite index (INDEXTSI:OSPTX) steadily rose as oil and gold prices climbed, sparking gains in the energy, materials and technology. Oil prices were on the rise following a report that the US could postpone tariffs on Mexico. On Friday, the index rose after data showed a higher than expected addition of jobs in May and a dip in the unemployment rate. According to Statistics Canada, the economy added 27,700 new jobs in May. Canada’s current unemployment rate is currently sitting at a record low of 5.4 percent. At 9:40 a.m. ET, the index was up 26.1 points at $16,253.9. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, had a turbulent week but finished on the rise.

In case you missed it, here is this week’s resource big news roundup:

Battery:

Critical:

Energy:

Precious:

The silver market is booming! Is now the time to invest??

   
Find out why in your free report.
 

May 31 Big News Roundup: Bonterra Announces Mineral Resource Estimates for its Gold Deposits in the Urban Barry Camp, Quebec; Ausenco Study Doubles Production Potential of First Cobalt Refinery; Foran Announces Significant Increase in Resources for McIlvenna Bay Deposit

This week, the S&P/TSX Composite index (INDEXTSI:OSPTX) steadily fell as China-US trade concerns linger. On Friday, the index fell as energy shares took a hit after US President Donald Trump threatens to impose tariffs on Mexico. In Canada, the latest data shows that the economy grew slower than expected within the first quarter; however, there were signs of a strong recovery in March. At 9:40 a.m. ET, the index was down 118.53 points at $15,970.71. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, steadily declined over the week.

In case you missed it, here is this week’s resource big news roundup:

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Battery:

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Precious:

The silver market is booming! Is now the time to invest??

   
Find out why in your free report.
 

May 24 Big News Roundup: Glencore to Support Restart of First Cobalt Refinery; American Manganese Begins Testing of the Final Stages of the RecycLiCo Pilot Plant; Progressive Planet Launches New Service to Cannabis Industry

This week, the S&P/TSX Composite index (INDEXTSI:OSPTX) was down over the short trading week, falling 1.7 percent at Thursday’s close. On Friday, the index rose after two days of sharp declines as Trump predicts a swift end to their trade war with China. Crude prices also pushed the index higher as they support advances in the energy sector. At 9:37 a.m. ET, the index was up 74.17 points at $16,238.78. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, peaked in the middle of the week but finished on the rise.

In case you missed it, here is this week’s resource big news roundup:

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May 17 Big News Roundup: Canada Cobalt More Than Doubles Size of Castle Mine Land Package; American Battery Metals Doubles Temple Mountain Property; Ashanti Gold Shareholders Approve Business Combination with Desert Gold

This week, the S&P/TSX Composite index (INDEXTSI:OSPTX) steadily rose as energy stocks gained on the back of higher oil prices. The index was also bolstered by news released last week concerning higher job additions in April. On Friday, the index fell as the Chinese media takes a tough stance on the trade war between the US and China, reviving fears of a global economic shutdown. At 9:42 a.m. ET, the index was down 36.94 points at $16,406.92. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, rose in the first half of the week and was flat heading into the long weekend.

In case you missed it, here is this week’s resource big news roundup:

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Energy:

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May 10 Big News Roundup: Monterey Minerals Increases Property Portfolio in the Pilbara; First Cobalt Advances Refinery Commissioning Strategy; Rio Tinto Enters into $30M Option Agreement with Forum Energy Metals to Explore Its Janice Lake Copper Project

This week, the S&P/TSX Composite index (INDEXTSI:OSPTXdeclined due to concerns that the continued trade dispute between the US and China will impact global growth. US-China trade disputes overshadowed encouraging domestic data in Canada. The Canadian economy added a record high of 106,500 jobs in April. On Friday, the index fell as Washington raising tariffs on Chinese goods even as the two nations attempt to strike a last-minute trade agreement. At 10:01 a.m. ET, the index was down 116.6 points at $16,205.15. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, steadily declined over the course of the week.

In case you missed it, here is this week’s resource big news roundup:

Battery: 

Energy:

Precious:

The silver market is booming! Is now the time to invest??

   
Find out why in your free report.
 

May 3 Big News Roundup: Golden Predator Reduces Royalty on Brewery Creek Project; Lithium Chile Increases Land Holdings at Salar de Turi; Gold Resource Corporation Produces First Isabella Pearl Gold

This week, the S&P/TSX Composite index (INDEXTSI:OSPTX) steadily declined in the later half of the week lower crude oil prices pulled down energy shares and precious metal miners were hurt by a fall in gold prices. Pretium Resources Inc. (TSX:PVG) and Baytex Energy Corp. (TSX:BTE) were the largest percent gainers this week. On Friday, the index rose as gold prices recover and boost material shares. At 9:42 a.m. ET, the index was up 54.22 points at $16,465.10. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, stayed relatively flat but finished the week on the rise.

In case you missed it, here is this week’s resource big news roundup:

Battery:

Precious:

The silver market is booming! Is now the time to invest??

   
Find out why in your free report.
 

Apr 26 Big News Roundup: ALX Uranium Signs Option Agreement with Orano Canada; Surge Exploration to Refocus its Exploration Activities inside North America; Fortune Minerals Completes Option Agreement to Purchase Alternative Site for Proposed Metal Processing Refinery

This week, the S&P/TSX Composite index (INDEXTSI:OSPTX) had a turbulent week as seven of the index’s 11 major sectors experienced losses. Leading the index this week was Ivanhoe Mines Ltd. (TSX:IVN), West Fraser Timber Co Ltd. (TSX:WFT) and Spin Master Corp. (TSX:TOY). On Friday, the index fell as energy shares declined on the back of falling oil prices, ending a four-week long rally. At 9:35 a.m. ET the index was down 33.26 points at $16,542.84. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, had a turbulent week as well.

In case you missed it, here is this week’s resource big news roundup:

Battery:

Energy:

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What are experts advising about the resource market?

 
Get our FREE outlook with expert opinions on the resource market
 

Apr 19 Big News Roundup: Nevada Copper Files Pumpkin Hollow Open Pit Pre-Feasibility Study; Orsu Metals Announces a Maiden Inferred Mineral Resource at Its Sergeevskoe Gold Project in Russia; Blue Sky Uranium Files NI 43-101 Report for the First Preliminary Economic Assessment at Amarillo Grande

This week, the S&P/TSX Composite index (INDEXTSI:OSPTXrose over the course of the week led by recent gains in the oil and gas industry. Canopy Growth Corp. (NYSE:CGC,TSX:WEED), Ero Copper Corp. (TSX:ERO) and Martinrea International Inc. (TSX:MRE) led the index in gains. On Thursday, the index rose 68.57 points to 16,612.81 at the end of the day. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, continued its trend from last week and steadily dropped.

In case you missed it, here is this week’s resource big news roundup:

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