Andy Schectman, president of Miles Franklin, weighs in on the factors moving gold and silver, emphasizing that their long-term drivers remain in place. ‘Nothing goes straight up without taking a breather, but you can still coexist. That can coexist with long-term bullishness, and I am hugely long-term bullish,’ he said. Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article. This post appeared first on investingnews.com
Statistics Canada released November’s gross domestic product (GDP) data on Friday (January 30). The numbers show that the economy remained flat overall with the prior month, following a 0.3 percent decline in October. The goods-producing industries fell by 0.3 percent in November, weighed down by a 1.3 percent contraction in manufacturing and a 2.1 percent decline in wholesale trade amid ongoing trade tensions between Canada and the United States. Declines were offset by increases to the retail trade sector, which grew 1.3 percent alongside a 0.9 percent increase to the transportation and warehousing sector. The release also included advanced data for December that shows real GDP increased by 0.1 percent. Although the data for the month are preliminary, they point to a 0.1 percent contraction in the fourth quarter and a 1.3 percent annual gain in 2025. This week also marked the first rate-setting meetings of 2026 by the Bank…
Gold and silver are wrapping up a record-setting week once again. Starting with gold, the yellow metal left market participants hanging last week after finishing just shy of US$5,000 per ounce. However, it made up for it in spades this week, breaking through that level and continuing on up to smash through US$5,500. Silver was no slouch either. After hitting triple digits at the end of last week it moved even higher this week, spending time above US$121 per ounce. Unfortunately, it didn’t take long for those questions to be answered. Gold and silver prices dropped precipitously as the week drew to a close, with the yellow metal finishing Friday (January 30) just below US$4,900 and silver sitting at about the US$85 level. What’s going on, and more importantly, what should investors do? Let’s tackle what’s going on first. The broad consensus from the experts I spoke to at VRIC…
Co-Listing Expands U.S. Investor Access and Visibility in World’s Largest Aviation and Capital Markets Syntholene Energy CORP (TSXV: ESAF,OTC:SYNTF) (OTCQB: SYNTF) (FSE: 3DD0) (‘Syntholene’ or the ‘Company’) announces that its common shares have been approved for quotation and have commenced trading on the OTCQB Venture Market in the United States under the trading symbol SYNTF. The OTCQB co-listing is intended to broaden the Company’s U.S. investor audience and increase visibility within the world’s largest aviation fuel, capital markets, and energy infrastructure ecosystem. The OTCQB Venture Market, operated by OTC Markets Group Inc., is a recognized public market in the United States designed for early-stage and developing companies that meet verified reporting and compliance standards. The Company’s primary listing remains on the TSX Venture Exchange under the symbol ESAF. ‘Establishing a U.S. trading presence on the OTCQB is a strategically important step for Syntholene,’ stated Syntholene CEO Dan Sutton. ‘The United…
Homeland Nickel (TSXV:SHL,OTC: SRCGF) is a Canada-based mineral exploration company targeting critical metals, with a strategic focus on nickel laterite projects in southern Oregon, USA. Recognized as a critical mineral by the US government, nickel underpins Homeland Nickel’s strategy as the company advances assets in what it views as the only US region with the scale and geology capable of supporting a significant domestic nickel supply. The company has built a portfolio of nine nickel laterite projects originally identified during exploration programs carried out between the 1950s and 1970s. The deposits occur as near-surface laterite lenses formed through the weathering of ultramafic rocks, allowing for efficient surface sampling and auger drilling to quickly delineate mineral resources. This geological setting enables Homeland Nickel to advance multiple projects in parallel while maintaining a cost-effective exploration approach. Location map of the Cleopatra Nickel property Alongside project consolidation and exploration, Homeland Nickel also holds…
Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. ‘The reductions we are making today will impact approximately 16,000 roles across Amazon, and we’re again working hard to support everyone whose role is impacted,’ Beth Galetti, Amazon’s senior vice president of people experience and technology, said in a memo to employees. ‘That starts with offering most US-based employees 90 days to look for a new role internally,’ she said. Amazon will ‘continue hiring and investing in strategic areas and functions that are critical to our future.’ Galetti said the cuts would ‘strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy.’ In October, Amazon cut 14,000 jobs primarily at the corporate level. At the time, Galetti cited artificial intelligence as being the “most transformative technology we’ve seen since the internet.” Amazon has 1.55 million employees worldwide,…
Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (the ‘Company’ or ‘Blackrock’) is pleased to announce the appointment of Sean Thompson as Head of Investor Relations for the Company. Mr. Thompson is a seasoned capital markets professional with over 17 years of experience in the metals and mining sector. He has a proven track record of driving shareholder value through strategic communications and stakeholder relationship management, particularly for high-growth, development-stage companies. Prior to joining Blackrock, Mr. Thompson held senior Investor Relations roles at several highly successful precious metals developers that were ultimately acquired in significant M&A transactions: Atlantic Gold Corp.: acquired for C$722 million and Kaminak Gold Corp.: acquired for C$520 million. His excellence in the field has been recognized by the broader investment community. Mr. Thompson was awarded ‘Best IR by a TSX Venture listed Company’ at the IR Magazine Awards Canada 2018 and received a nomination for…
Investor Insight Mayfair Gold is progressing its 100 percent-owned Fenn-Gib gold project toward production, with a development plan anchored by a robust 2026 pre-feasibility study (PFS). The company’s strategy emphasizes a smaller scale mine designed to accelerate permitting through Ontario’s One Project One Process platform and exploit near surface high-margin ounces in a capital efficient manner. The PFS only corresponds to 24 percent of the indicated gold resource leaving meaningful optionality for long term growth coupled with exploration upside across a broader land package. Overview Mayfair Gold (TSXV:MFG,NYSE American:MINE) is a development-stage company with the primary objective of advancing the Fenn-Gib gold project — a large, bulk-tonnage open-pit deposit located in one of Canada’s most prolific gold districts. The company’s technical team is executing on provincial permitting, Indigenous consultation, engineering and ongoing exploration to expand mineralization beyond the current pit constraints. Mayfair Gold’s flagship Fenn-Gib gold project is located within…
Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) the Company and its auditor continue to work diligently toward the completion and filing of the Company’s annual audited financial statements and management’s discussion and analysis for the fiscal year ended June 30, 2025 (the ‘Required Filings’). The Company has obtained approval from the Alberta Securities Commission to extend the Management Cease Trade Order (‘MCTO’) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203’) until January 31, 2026. Sankamap confirms that substantially all audit work has been completed, with only one minor confirmation and customary completion procedures remaining. The Company is actively working to provide the outstanding items and is in contact with the relevant party. Subject to completion of these matters, the audit is expected to be finalized shortly. The Required Filings were due to be filed by October 28, 2025. In connection with the anticipated delays in making…
Hecla Mining Company (NYSE:HL) has agreed to sell its Casa Berardi gold operation in Québec to Orezone Gold (TSX:ORE,OTCQX:ORZCF) for total consideration of up to US$593 million. The deal, announced on Monday (January 26), involves the sale of Hecla Québec, a wholly owned subsidiary of Hecla that holds the Casa Berardi mine and related exploration properties. Under the terms of the agreement, Hecla expects to receive up to US$593 million through a mix of upfront cash, equity, deferred payments and contingent consideration. Hecla will receive US$160 million in cash at closing, along with about 65.7 million Orezone common shares, representing about 9.9 percent of Orezone’s pro forma shares outstanding, currently valued at roughly US$112 million. In addition, Hecla is set to receive US$80 million in deferred cash payments, split into US$30 million payable 18 months after closing and US$50 million payable after 30 months. The remaining consideration is contingent and…