Endeavour Silver (TSX: EDR; NYSE: EXK) took a significant hit to production in the three months to the end of June, as operations were halted for two months to comply with the Mexican government's efforts to halt the spread of the coronavirus.During the quarter, the Vancouver-based precious metal miner churned out 596,545 oz. silver and 5,817 gold oz., for silver equivalent production of 1.06 mill...Read More
The total transaction value of mergers and acquisitions in the second quarter of the year reached US$2.86 billion in twelve deals, with Chinese buyers acquiring gold assets and smaller companies joining forces to become mid-tier producers, Bank of America Securities says in a new report.The investment bank notes that the 12 transactions represented the highest quarterly total since the fourth quar...Read More
Haywood Securities has raised its gold price forecast for the second half of 2020 from US$1,650 per oz. to US$1,800 per ounce.Next year, the broker-dealer predicts gold will average US$1,700 per oz., up from its earlier forecast of US$1,600 per oz., while 2022 should see the precious metal average US$1,650 per oz., up from an earlier estimate of US$1,550 per ounce."We maintain our view that gold i...Read More
Antofagasta's (LSE: ANTO) Twin Metals Minnesota has received formal notice that its planned copper-nickel-cobalt-platinum metals mine will be assessed through a federal environmental review. The U.S. government's Bureau of Land Management (BLM) notified the company at the end of June of its intention to scope and prepare an Environmental Impact Statement (EIS) for the proposed mine project in Minn...Read More
Chirundu includes the Njame and Gwabe deposits, which were included in GoviEx's 2017 preliminary economic assessment for its Mutanga uranium project.GoviEx said due to the smaller scale and higher-cost nature of the Gwabe and Njame deposits, they were scheduled to be mined in the later stages and as a result, "the exclusion of these deposits from the mine plan is believed to have a low to no impac...Read More
With the first half of 2020 officially in the books, I thought I'd look ahead and try to figure out what the second half might bring. What looks good? What doesn't?Well, regretfully, I've come to find that quite a lot looks bad. To put it bluntly, stocks are in a bubble. As of June 30, the market posted its best 100-day period in more than 80 years, going back to 1938, according to Bespoke Inve...Read More
The Digital Mine of the Future in Canada - Calin Miculescu, P.Eng, Director, Sales, NokiaRead More
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First Mining is beginning to make waves on international equity marketsRead full newsRead More
A rapid-fire succession of setbacks for big energy pipelines in the United States this week has revealed an uncomfortable truth for the oil and gas industry: environmental activists and landowners opposed to projects have become good at blocking them in court.Read full newsRead More
By Hubert Moolman During the 70s bull market, gold went from $35 to $195 in the first phase. That was a 458% increase. The first phase of the current bull market took gold from $252 to $1920, which made for a 661% increase. At first glance, it would appear that the current bull market outperformed the 70s one. However, it only took about five years (1970 to 1975) to get the 458% increase, co...Read More
Gold is bullish. Spot gold will rise very quickly on a break of $1810. Federal Reserve policy makers pledged more support by way of more bond buying. I never understood how printing more money leads to way out of a pandemic or a recession. Central banks are not addressing the core economic fundamentals of (a) Reduction in the cost of living like school fees and college fees. (b) Creation more in...Read More
History repeats itself with staggering similarity. The Crises of the 3rd Century and today have much in common. All empires have the seeds of their own destruction within them. So if we look back a...Read full newsRead More
Today, Real Vision turns its attention to China. Ed Harrison interviews George Magnus, research associate for the China Centre at Oxford University, who assesses the situation in China and what it means for investors. Watch the premium video here.INK is keeping tabs on mining COVID-19 risks Meanwhile, INK is going full blown contrarian on COVID-19 as chatter builds in the markets that the disea...Read More
U.S. electricity consumption will collapse by a record 4.3% in 2020 due to business closures for coronavirus-linked lockdowns, the U.S. Energy Information Administration (EIA) said on Tuesday in its Short Term Energy Outlook (STEO).Read full newsRead More
Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More
Exclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.Read full newsRead More
Global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said.Read full newsRead More
Comex gold futures are above US$1,800 an ounce for the second time in two weeks and flirted with a nine-year high. On the spot market, the precious metal was worth about $1,795/oz at the time of writing, a level last seen in 2012.Meanwhile, gold-backed exchange traded funds recorded their seventh consecutive month of positive flows, the World Gold Council said yesterday, closing the...Read More
The risks to the markets are many — in fact, the outlook for stocks is so complex this year that pundits are offering wildly different predictions. It seems as though just about every letter of the alphabet has been considered for a recovery model. From an L-shaped recession to a V-shaped recovery, no two projections coming from analysts match up right now.The only thing to bet on, therefore...Read More