Miner and commodities trader Glencore (LSE: GLEN) has signed a five-year deal to supply South Korean battery manufacturer Samsung SDI with up to 21,000 tonnes of cobalt amid an expected boom in demand for the metal.The agreement will see the Swiss firm send the equivalent of 45% of its 2019 cobalt production, or about 63% of its expected total output for 2020, to Samsung.Glencore produced 46,300 t...Read More
The S&P/TSX Composite Index rose 1.95% to 17,655.50. The S&P/TSX Global Mining Index fell 0.67%% to 78.49 and the S&P/TSX Global Base Metals Index rose 3.35% to 98.30. Spot gold fell US$18.50 per oz. or 1.17% to finish at US$1,570.00 per oz., and the S&P/TSX Global Gold Index lost 3.37% to finish at 257.62.Aura Minerals surged $20.34 to $46.85 per share on media reports that it is planning on a du...Read More
The S&P/TSX Venture Composite Index fell 0.18% to 574.16 and gold finished the week at US$1,570.00 per oz., down US$18.50 per ounce.Revival Gold jumped 27 ? to 88 ? after the junior released an updated resource for its Beartrack-Arnett project in Idaho, with substantial growth in the inferred resource category. The latest estimate features updated numbers for the Beartrack portion as well as an in...Read More
The Dow Jones Industrial Average rose 3.0% to 29,102.51 and the S&P 500 advanced 3.17% to 3,327.71. Spot gold fell US$18.50 per oz. to finish the trading week at US$1,570.00 per oz.Arch Coal rose US$4.16 to US$55.69 per share. The company reported a net loss of US$8.6 million or US57 ? per diluted share in the fourth quarter of 2019, compared with net income of US$86.1 million or $4.44 per diluted...Read More
Copper production in Chile, the world's No. 1 producer of the metal, dropped by 44,000 tonnes, or almost 0.8%, last year compared to 2018, amid a perfect storm of falling ore grades at the largest deposits, water scarcity and operational issues.The country's copper commission Cochilco said Codelco, the state-owned giant, was the miner most affected by ageing mines, as its production declined by 5....Read More
Uncertainty over the coronavirus outbreak - which has sickened 43,103 people in 25 countries and left 1,018 people dead (all but two of them in mainland China) - has economists and analysts trying to calculate the economic impact of the disease on commodities, trade and supply chains and global economic growth.UBS economists expect the current coronavirus outbreak, which originated at a market in...Read More
The market has been clear in rewarding companies that have high-grade, scalable gold assets and the treasury to explore them.Mawson Resources (TSX: MAW) (OTC: MWSNF) checks all those boxes, has approximately $5 million in the bank, has five rigs turning, is on its way to a resource estimate targeting 3 million gold ounces, and just made an entry into a massive new Fosterville-like land package in...Read More
In our latest Insights newsletter, we tackle the uncertainty surrounding the Wuhan Coronavirus by looking at some contrarian activity that has come across our screens. Our video clip of the week features a stock that is positioned to make the most out of oil price volatility. Meanwhile, we are off to the races with our insider of the week. Click here to read.Read More
Since B2Gold (TSX: BTO; NYSE: BTG) launched BeMetals (TSXV: BMET) two years ago as a base-metals-focused junior, the company has picked up a development-stage zinc-silver project in southwestern Idaho called South Mountain.Originally floated in early 2018 on the early-stage Pangeni copper project in Zambia, BeMetals wanted to add more advanced-stage base metal projects to its portfolio and in earl...Read More
At the start of this week’s Friday, Canada’s main stock index fell, weighed down by losses in energy shares. Oil prices continue to take a hit over rising worries over the potential economic damage from a coronavirus outbreak. At the same time, gold continues to gain momentum as investors are plowing into the yellow metal as a safe haven in times of increasing economic uncertainty. La...Read More
Food stocks are a strong play for investors fearing a downturn or simply for stock portfolio owners who want a super long-range play in the recession busting consumer staples space.Fearful of a full-blown market sell-off? It’s time to review a market leader and see how two of its closest competitors on the TSX compare as potential bear market investments after 2020’s turbulent start.A...Read More
Jos?(C) Manuel Ganga Junior, head of the Endiama group. (Image courtesy of Endiama). In preparation for its initial public offering in 2022 - which will involve a 30% stake in the company - Angola's state-owned miner Endiama EP is looking for partners "with financial and technical know-how" to increase the country's diamond production.This, according to an interview given by Jos?(C) Manuel Ganga...Read More
San Rafael mine. (Image courtesy of Americas Gold and Silver Corporation). Local media in Mexico report that about 400 people marched over the weekend in the Cosal?? municipality, located in the northwestern state of Sinaloa, in support of some 200 workers from the San Rafael mine who have been on strike since January 26, 2020.San Rafel is a low-cost silver-zinc-lead underground mine that is part...Read More
The copper industry in Chile was used as a case study because fuel consumption increased by 130% and electricity consumption increased by 32% per unit of mined copper from 2001 to 2017, largely due to decreasing ore grade. Pictured here is Codelco's Chuquicamata mine, the second deepest open-pit mine in the world. (Image by Diego Delso, Wikimedia Commons). A new framework that will allow mining c...Read More
"Zimbabwe gold mine collapse leaves at least 2 dead, 20 trapped in illegal operation: state media https://t.co/mVHi3camap"Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
This week on INK Ultra Money Free we released two video report summaries featuring stocks which take an alternative approach to making money from energy. In Making money in the oil patch darkness INK looks at recent insider buying at Alimentation Couche-Tard (ATD.B).The bright side of oil's slideWhen we highlighted the stock in our February 4th report, it had just pulled back from an all-time hig...Read More
Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has entered into a US$30 million credit facility led by the French financial services firm Natixis."We were very pleased to receive support from Natixis and the Lundin family," says Darren Klinck, Bluestone's president. "The credit facility is the first stage of financing and represents a strong endorsement of the Cerro Blanco gold project."Natixis is...Read More
Banro (TSX: BAA) will put its Namoya gold mine in the Democratic Republic of Congo (DRC) up for sale at a significant discount after repeated attacks from armed rebels forced it to halt operations once again in September.The Toronto-based miner, present in eastern DRC since the 1990s, said the decision to offload Namoya was based on the lack of government support to keep its staff and assets safe....Read More
The copper price continued to recover on Thursday as investors bet on a quick bounce in economic activity in China once the viral outbreak is brought under control.After bottoming on Monday below US$2.50 per lb., the lowest since May 2017, copper rebounded by more than 5% to trade as high as US$2.62 per lb. (US$5,780 a tonne) in New York on Thursday.In a note, Capital Economics says the gains may...Read More