Baptiste zone at Decar. Image from FPX. FPX Nickel expects the updated preliminary economic assessment (PEA) for the Baptiste deposit within its wholly owned 245-sq.-km Decar nickel district in British Columbia to be completed either towards the end of the third quarter or into the fourth quarter of 2020.While the company is monitoring the potential impacts of covid-19 on project timelines, with...Read More
Last year, Geovariances, an industry expert in applied geostatistics, launched Isatis.neo Mining Edition, the geostatistics software that improves performance and enables confident resource estimation and comprehensive geostatistical studies.The company has now released version 2020.02 of Isatis.neo, which includes tools from the previous version of Isatis that users found beneficial. These in...Read More
The federal government announced temporary changes to the foreign investment review framework designed to protect Australia's national interest as it deals with the economic implications arising fromRead More
Today is Monday, April 6, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,688.95. It's up 4.36% from yesterday and up 30.91%...Read More
In this interview, Lawrence Roulston, CEO, outlines the compelling evidence for the presence of a large-scale gold deposit underlying the known occurrence.Auramex Resource Corp. (TSX.V: AUX) is focused on exploring an historic gold mine, in the Golden Triangle, in British Columbia. Years of previous work focused on the area of the old workings. For the first time, Auramex Resource is using a syste...Read More
After a two-week closure of non-essential industry in Switzerland, three of the world largest gold refiners are going back to work.Swiss refineries Valcambi, Argor-Heraeus, and PAMP Suisse were shut down by local authorities on March 20 in an effort to slow the spread of COVID-19.Combined, these three precious metal refineries process around 1,500 metric tons of gold per year - that's a third of t...Read More
The COVID-19 pandemic continues to negatively impact commodity markets, with prices for metals such as copper, zinc, lead, aluminium and many others falling rapidly since the shuttering of mines and disruption to supply chains around the world. One metal, however, is defiantly bucking the trend.The spot price for uranium oxide in the past few weeks has risen by 14% to over US$27 per lb., ending a...Read More
Growing moves by governments and organizations to set a price on carbon emissions have set up a prospective niche market in battery metals exploration and development. Lithium, cobalt, graphite and vanadium are directly applicable to energy storage, while nickel and copper are seeing growing demand as inputs for electric vehicle manufacturers. Below, we provide an overview of eight companies with...Read More
Antofagasta (LSE: ANTO) has suspended a US$1.3 billion expansion at its Los Pelambres operation in Chile for an estimated four months as the coronavirus pandemic has made it impossible to carry on with work.The company has also suspended contracts with most of the companies involved in the project aimed at boosting Los Pelambres output.Antofagasta's flagship mine accounts for nearly half of the co...Read More
Panama's Ministry of Health confirmed that one person has died at the Cobre Panam?? operation due to complications caused by COVID-19.On Sunday, the government agency posted a tweet saying that following the identification of the first case of COVID-19 at the site on March 24, and despite efforts to stabilize the patient and isolate others suspected of carrying the infection, a worker died over th...Read More
Atalaya Mining (LSE: ATYM) has restarted its Riotinto copper mine in Spain after local authorities in Andaluc?-a determined that mining operations supplying other essential industries should remain open.The Cyprus-headquartered company had closed the mine on March 30 in response to the Spanish government's royal decree, which ordered the suspension of non-essential business operations, including m...Read More
The economic fallout from COVID-19 is mounting sharply. Last week, unemployment claims in the United States hit a record 6.6 million, up from 3.3 million the previous week, and the U.S. Labor Department released its worst jobs report in 11 years. In the month of March, 701,000 people lost their jobs, sending the country's unemployment rate to 4.4%, up from 3.5% in February, which the Wall Street J...Read More
The $100-$200 daily moves in the gold price are here and appear to be here for good. Interest in gold miners is surging upward.The combination of unlimited legal counterfeiting by central banks around the globe, mixed with refiners shutting down at a time of high demand is creating dislocations in the gold space that may prove incredibly consequential.Spreads between bid/ask in the spot market are...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK Canadian Insider Index bounced as much as 56 points to 788 but could not maintain its strength and retraced fully before closing at 731.36, down 1.3 points on the week.MACD managed to rise 15.41 points to close at 21.88. RSI rose 2.33 points or 7% to 36.33 and has lots of room to...Read More
In our latest Canadian Insidier free Insights newsletter, we provide an update on our what our INK Indicator is signalling about the March 23rd lows. Our broadcast of the week is from INK Ultra Money Free with Real Vision co-founder Raoul Pal who has nailed the 2020 market from top to bottom. Finally, our insider of the week helped to make sure a Canadian Telecom giant was well equipped to weathe...Read More
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) ("Alamos" or the "Company") today announced that it will be suspending operations at its Mulatos mine until April 30, 2020 and extending the suspension of operations at Island Gold for an additional two-week period.The temporary suspension of operations at MulatosRead full newsRead More
Investors seeking reprieve from market volatility, or at least a place to hide that may be safe from the broader market indices, certainly have a difficult task. The stock market selloff we’ve experienced in early March is the worst selloff in more three decades. One must wonder if we’ve really hit bottom now.In this article, I’ve highlighted four options for defensive investors....Read More
Cobre Panam?? operation. (Image courtesy of First Quantum Minerals). Panama's Ministry of Health confirmed that one person died at the Cobre Panam?? operation due to complications caused by the novel coronavirus infection.On Sunday, the government agency posted a tweet saying that following the identification of the first case of COVID-19 at the site on March 24, and despite efforts to stabilize...Read More
Emergency personnel at the Veracruz coal mine. (Image courtesy of the governor of Cundinamarca, Nicol??s Garc?-a). Eleven people died and four were injured following an accidental explosion at a coal mine in Colombia's central Cundinamarca department. The incident took place at the Veracruz coal mine, a legal operation located in the Cucunub?? municipality. About 12% of Colombia's electricity i...Read More
Solar cell. (Reference image from Pxhere, CC0). Researchers at Uppsala University have developed an all-organic proton battery that can be charged in a matter of seconds using a solar cell. The battery can be also charged and discharged over 500 times without any significant loss of capacity and is unaffected by ambient temperatures.In a study published in the journal Angewandte Chemie, the scien...Read More