Contango ORE Shares Dive as Expenses Surge at Manh Choh Gold Mine
The anticipated rise in AISC, says Contango, relates to recent weight restrictions placed on the bridge used to transport the Manh Choh ore, as well as higher moisture content in the Manh Choh ore, limiting the overall amount of ore being transported annually by approximately 20%. Rising processing costs are also contributing to the higher […]
Canadian Banks’ Q4 Earnings: Insights for Investors
Canada’s largest banks are gearing up to report third-quarter earnings, and with the economy slowing the focus will be on revenue growth, loan performance and the impact of rate cuts on net interest margins. These results will come against the backdrop of big gains in 2024 for many Canadian bank stocks. Shares of RBC (RY), […]
Leading Buyers of Gold Now Include Eastern European Central Banks
“We need to reduce volatility,” Michl, who grew animated when queried on the subject, told Bloomberg Television earlier this month. “And for that, we need an asset with zero correlation to stocks, and that asset is gold.” The Czech policymaker isn’t alone in accelerating bullion purchases. Peers from Warsaw to Belgrade are joining the gold […]
CrowdStrike Earnings: Strong Q3 Performance, Yet Profit Margins Struggle…
Why it matters: Despite the near-term headwinds caused by the July 19 IT outage, CrowdStrike’s CRWD growth engine continues to hum along. While we model some incident-inspired weakness in the firm’s upselling motion in the near term, we remain optimistic about the firm’s long-term growth opportunity. The bottom line: After we model in CrowdStrike’s strong […]
Warren Buffett Invests in These 2 Stocks – Here’s Why You Should Too.
Susan Dziubinski: I’m Susan Dziubinski with Morningstar. Many investors monitor which stocks Warren Buffett’s Berkshire Hathaway BRK.A BRK.B buys and sells. After all, Buffett is regarded by most everyone as one the greatest investors of all time. Today, we’re taking a look at two stocks that Berkshire Hathaway has been buying lately. Warren Buffett Is […]
Will the Canadian Stock Market Maintain Its Momentum?
Canadian equity markets have staged a remarkable rally over the past year, fueled by the Bank of Canada’s interest rate cuts. The Morningstar Canada Index is up shy of 24%, carving out new record highs in the final weeks of 2024. Since the Bank began cutting interest rates on June 5, the market is up […]
Gold Prices Leading Up to the Thanksgiving Weekend
In yesterday’s analysis, I wrote the following about the above chart: Yes, while I have been writing about USD Index’s likely strength and bullish outlook overall, this kind of resilience is surprising even to me. I thought that we’ll see a bigger correction now – after all, the USDX soared by 8 index points without […]
Trump’s 25% Tariff Warning on Canadian Imports
US President-elect Donald Trump’s proposed tariffs—part of a broader plan targeting Canada, Mexico, and China—could have serious implications for Canada’s domestic manufacturing industry and economic recovery. Analysts warn that if implemented, the proposed tariffs could significantly weaken Canadian GDP growth while further straining the deeply interdependent North American production and trade system. Key sectors like […]
Four Barrick Gold Workers Arrested in Mali
Sources cited by Reuters reported that Mali is seeking around $500 million in unpaid taxes from Barrick as the government aims to increase revenue from the mining sector. “While Barrick refutes these charges, it said it would continue to engage with the Malian government to find an amicable dispute settlement that would ensure the long-term sustainability of […]
Is a Bitcoin Spot ETF Available for Purchase in Canada?
For investors looking to add cryptocurrency exposure to a portfolio, spot bitcoin exchange-traded funds can provide an effective and simple avenue. After falling out of favor with investors in recent years, these ETFs are seeing a resurgence, attracting strong inflows in 2024. While Canada-listed bitcoin and other crypto ETFs still represent a small portion of […]