Red Lake District: Home to High-Grade Gold Deposits and Great Bear Resources, a Gold Rush Catalyst
The Red Lake mining district in Northwestern Ontario is best known for its high-grade gold deposits, with historical production exceeding 30 million ounces of gold, mostly from the iconic Campbell and Red Lake gold mines and ten smaller mines. A number of factors such as declining gold reserves, global economic instability, and a rise in […]
Augmented Reality Stocks: High Growth Software Layer Or Manufactured Illusion?
We’re unsure what, exactly, brought on this contemporary rush toward augmented reality businesses. It could be COVID-era necessity as the mother of invention, or popular sentiment souring on actual reality. Either way, there was high-traffic in CSE-traded shares of AR companies last week, and The Dive is here to give you the lo-down. Augmented Reality […]
China’s Demand for Gold Remains Stagnant in First Half of 2020, Rebound Anticipated by End of Year
Despite gold prices reaching record levels amid the coronavirus pandemic, the demand for the precious metal by the one of the world’s biggest gold-consuming countries has remained relatively stagnant. According to the latest data depicting gold withdrawals from the Shanghai Gold Exchange, the first half of 2020 suggests that China’s demand for gold has largely […]
Canadian Economy Gains Nearly 1 Million Jobs, Unemployment Level Falls to 12.3% in June
As most of Canada eases public health restrictions and allows for the reopening of various workplaces and businesses, many more Canadians are beginning to return to work. According to the latest Labour Force Survey (LFS) released by Service Canada, the week of June 14 to June 20 saw the increase of an additional 953,000 jobs, […]
US Weekly Jobless Claims Continue Increasing, Pelosi Proposes Trillions More Dollars In Next COVID Relief Bill
Despite the maximum pressure to get the US through the recovery phase as quickly as possible via rampant lifting of restrictions and coronavirus mitigating measures, it still appears America’s economy is just spinning its wheels in a mud puddle. According to the latest Department of Labour data released on Thursday, an additional 1.314 million more […]
Eldorado Gold: Analyst Ratings Unchanged Despite Production Beats
Eldorado Gold (TSX: ELD) released their Q2’20 preliminary results earlier this week, which included production results of 137,782 ounces of gold produced, a 50% increase year over year. Despite these preliminary results beating many of the estimates set out by analysts, no analyst has as of yet made significant changes to their estimates, price targets […]
Demand for Commercial and Office Real Estate in Suburban Areas on the Rise
As coronavirus infection rates continue to increase across much of the US, coupled with vastly changing employment patterns and civil unrest, a new migration trend has emerged. What were once adamant city dwellers, have suddenly begun moving to the suburbs and rural communities as a means of hiding out from the growing health crisis. As […]
US New Coronavirus Cases Continue to Break Daily Records
Despite the eagerness amongst Americans to return to the bustling activity once seen before the onset of the deadly disease, the peak of the coronavirus pandemic is yet to be seen. According to latest data provided by the Covid Tracking Project, a record of 62,117 new infections were recorded across the country on Wednesday, showing […]
Osisko Gold: Haywood Upgrades Price Target From $19.75 to $22.25
Osisko Gold Royalties (TSX: OR) (NYSE: OR) provided an update on their deliveries received this week, which totaled 12,300 gold equivalent ounces (GEO’s) for the second quarter and released preliminary revenues of C$40.8 million, cost of sales, excluding depletion came in at C$13 million. The result, was $27.8 million in cash operating margin. Out of […]
Canada’s Housing Starts Show a Steady Increasing Pace in June
As restrictions are gradually lifted Canadians return to work following the height of the coronavirus pandemic, preliminary housing starts data suggests the pace of housing construction is showing a consecutive increase. Preliminary data released by the Canada Mortgage and Housing Corp suggests the month of June has saw a steady increasing pace of multi-family projects. […]