Large-scale adoption of automated heavy equipment will allow mines to greatly reduce labour costs. Trucks, loaders, boring and drilling machines and more are now available with remote operation or semi-autonomous functionality. Other upcoming automation advances, such as fully-automated long-haul trains (which are now being tested), will continue to expand the range of tasks that require few, or no workers to be involved.
The Deutsche Bank recently suggested that, based on the continued strength of the US dollar vs the Euro and Pound, the European mining sector is headed for a 20% drop. Copper has fallen 9% from its peak in Q1 2016, while the USD has grown by over 2%, and the European market has overperformed by 30%. According to their report released last week, this will lead to a significant correction next year, a larger drop than any other in the last three years.
Great article in the Wall Street Journal that highlights Aegis Value Fund 40.5% gain over the past 12 months. Aegis Value, which is managed by Scott Barbee, as benefited greatly from the rise in gold stocks this year. Mr. Barbee is a deep-value investor, who has focused on gold mining companies which has paid off handsomely in the past 12 months.
Give it a read when you have an opportunity, Mr. Barbee states that he is still looking at the gold mining sector, preferring companies that have lagged during this most recent rally as offering the greater value potential.
The inital episode of the Mining Stock Report on the Voice America Network, with Mr. James Anderson of NuLegacy Gold, and Peter Espig of Nicola Mining. We discuss NuLegacy Gold's recent drill program, and the discovery of a new carlin type deposit in Nevada. Mr. Espig outlines his recent drill program, and a new copper discovery in the Nicol Valley near the Merritt, British Columbia.
When people talk about the best ways to invest in gold, what does that mean to the average investor?
Do you think of running out to the local bullion dealer to begin stockpiling gold bars in your basement?
Or perhaps visiting a local jeweller or pawn shop to buy a bunch of gold chains or coins?
Although purchasing jewellery or bullion do create an exposure to gold, they are hardly the only (or most effective) ways.
With the drop in the price of gold and silver, shares of precious metal stocks have dropping rapidly. The collapse of gold and silver stocks seems to be across the board, this begs the question as to whether it is the apocalypse for these companies, or is this a rare opportunity for gold investors to buy some of the best mining stocks at discount prices?
First Majestic Silver Corp. is a company that has three mines currently in operation, a fourth scheduled to come online shortly, and several recently acquired exploration properties. With a focus on silver projects inside of Mexico, First Majestic Silver has grown rapidly over the past few years. Read our summary report on First Majestic Silver.
The Mining Stock Report summary of Novadx Ventures Corp. (TSX.V:NDX), a Canadian coal producer with metallurgical and specialty coal properties in the Central Appalachian region of the southern United States. This is a summary report, for informational purposes only and does not have any recommendation to buy or sell.
Top Gold Stocks
|Golden Reign Resources||$0.26||$0.02|
|Atacama Pacific Gold||$0.39||$0.01|
|Barkerville Gold Mines||$0.45||$0.00|
Top Lithium Stocks
|Pure Energy Minerals||$0.69||$0.01|
|Red River Resources||$0.20||$0.00|
|Oakridge Global Energy||$0.31||$0.00|