There was a "significant improvement" in global copper smelting activity in September, according to the SAVANT platform."September was the first month this year that China, North America and Europe were all indicating above average levels of activity," Marex Spectron's global head of analytics Dr Guy Wolf said.The global activity dispersion index averaged 50.2, according to the geo-spatial analyti...Read More
With all eyes firmly on the upcoming U.S. election, the pandemic-stricken markets could be facing some early November volatility. In the long term, the best-quality stocks are likely to recover. However, some huge value opportunities could very well be just around the corner. Instead of fretting, investors should be making a wish list, determining entry points, and looking to go long on beaten-up...Read More
Max Layton, head of EMEA commodities research at Citi, said copper had been the "flavour of the day" in his recent client conversations.Read More
Share this article Kirkland Lake Gold Ltd. [KL-TSX, NYSE] has released new drill results from 135 holes (47,683 metres) of underground exploration drilling from the Macassa Mine in Kirkland Lake, Ontario. Holes in the program were completed from platforms located on the 5300, 5600 and 5700 levels and designed mainly to confirm and extend resources within the SMC, LSMC and Amalgamated zones. Reso...Read More
Gold and silver prices opened slightly higher this week on the back of a weaker U.S. dollar and what seems like confirmation that there won't be another stimulus package until after the election.Gold for December delivery was up about $10 to $1,916 an ounce in early morning trading. Meanwhile, silver rose to about $25 per ounce.Yesterday House Speaker Nancy Pelosi gave the White House an ultimatum...Read More
The Northern Miner is profoundly honored to be joined by one of the world's foremost and respected economists, David Rosenberg, at its third virtual event of 2020, the Global Mining Symposium, which will be held on Nov. 10 and Nov. 12.Rosenberg is chief economist and strategist at Rosenberg Research & Associates, and will be a keynote speaker at the event.Rosenberg established the economic consult...Read More
The latest drill results from Kirkland Lake Gold's (TSX: KL; NYSE: KL) Macassa mine in Ontario include 'exceptional' gold grades and suggest potential for resource and reserve additions in three areas of the underground mine.The 135 drill holes reported are from the south margin of the South Mine Complex (SMC), the Lower SMC area (LSMC), and the Amalgamated zone.The producing SMC returned some of...Read More
Lundin Mining (TSX: LUN) will suspend operations at its Candelaria copper mine in Chile after failing to reach a deal with a second union, representing about 550 workers, which will stop working on Oct. 20.AOS Union's decision to walk out follows an unsuccessful mediation and comes on top of an ongoing strike by the Mina Workers Union, which began on Oct. 8."Illegal and violent actions promoted un...Read More
Canadian miner Kinross Gold (TSX: K; NYSE: KGC) is said to be studying a sale of its gold mines in North and South America and moving its primary stock listing to London in a bid to increase the company's value.The Toronto-based gold producer is also considering doubling down on its portfolio of assets in Russia and West Africa, The Globe and Mail reported, citing three unnamed sources familiar wi...Read More
With rising prices, a favourable supply-demand outlook and few new mines in development, investors are paying close attention to copper. Here are eight companies developing the next generation of projects.Arizona MetalsLooking northeast at drill rigs at Arizona Metals' Kay mine project, Yavapai County, Arizona. Photo Credit: Arizona Metals.Arizona Metals (TSXV: AMC) wholly owns the Kay Mine and Su...Read More
The S&P/TSX Venture Composite Index fell 0.95%, or 6.94 points, to finish the Oct. 12-16 trading week at 725.31. Spot gold dropped US$30.90 per oz., or 1.60%, to US$1,899.70 per oz., and the S&P/TSX Global Gold Index fell by 1.20% to 364.79.Solaris Resources posted the largest value gain of the trading week, jumping 82 ? to $5.05 per share on no news. The company last issued a press release at the...Read More
The Dow Jones Industrial Average rose 0.07% to finish the week at 28,606.31, and the S&P 500 climbed 0.19% to 3,483.81. Spot gold dropped US$30.90 per oz., or 1.60%, to US$1,899.70 per ounce.Barrick Gold fell US48 ? to US$27.57 per share. The company announced it was moving ahead with plans to extend the life of its Hemlo gold mine in Ontario by transitioning the project from open-pit mining to a...Read More
The S&P/TSX Composite Index fell 0.75% to 16,438.75 during the Oct. 12-16 trading week. The S&P/TSX Global Mining Index declined by 1.61% to 96.52, and the S&P/TSX Global Base Metals Index climbed 0.78% to 103.67. Spot gold dropped US$30.90 per oz., or 1.60%, to US$1,899.70 per oz., and the S&P/TSX Global Gold Index fell by 1.20% to 364.79.Endeavour Mining rose $1.49 to $35.28 per share. The compa...Read More
Learn more about Denison by visiting our website here: https://www.denisonmines.com/Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index slipped 10.78 points, or 1%, to 1096.90.MACD fell 7.59 points to 0.73 and remains on a buy signal. RSI dropped 5.71 points from 64.95 to 59.21.Support is now at 1080 (long-lived resistance has recently become support) and 1075. Resistance is at 1100 and 1107.As far as...Read More
Like a lot of other outdoor pursuits that allow practitioners to socially distance,prospecting has taken off during the pandemic.Read full newsRead More
Barrick Gold Corp on Thursday estimated a 10.8% drop in third-quarter gold production as the miner's Porgera project in Papua New Guinea remained shut during the period.Read full newsRead More
Tanzania's gold-mining industry is showing signs of a renaissance following a crackdown on smuggling and the settlement of a long-running dispute with Barrick Gold Corp.Read full newsRead More
Election outcomes, a bouncing Financial stock, warrant overhangs, a contrarian opportunity, China crisis and pot stocks are all covered in this week's Canadian Insider Insights. We are also feeling a little guilty about this week's Ultra Money video of the week.The Recession-Proof Portfolio: Investing in ViceClick here to read this week's Insights newsletter. Read More
The world's mines will produce 3,368 tonnes of gold this year, down 4.6% from 2019 and the lowest in 5 years, but high bullion prices will help to push up output by 8.8% to a record 3,664 tonnes in 2021, consultancy Metals Focus said on Wednesday.Read full newsRead More