The US labor market is officially overheating as US employers added a whopping 312K workers in December, the most in ten months, as hourly wages rose by 3.2%, the most in almost ten years... putting the Fed in a bit of a bind.Read full newsRead More
...but don't get carried away quite yet.Read full newsRead More
Chinese steel futures rose on Friday, with iron ore contracts hitting the highest in more than two months, buoyed by expectations that steel mills would replenish their stocks of the raw material.Prices also clawed back some lost ground as market sentiment improved following news that China and the United States will hold another round of trade talks next week as they look to end a dispute that is...Read More
Global markets plummeted this week on China slowdown worries, dragging industrial metals prices along and increasing future demand concerns, which has prompted analysts to question whether Beijing is doing enough to address the country's economic contraction.BMO analyst Colin Hamilton said in a note to investors Friday there were many questions in the metals market raised by the trend in China of...Read More
Finland-based Metso sold its grinding media business on Friday to Moly-Cop, a portfolio company belonging to private equity firm American Industrial Partners.The transaction includes the sale of Metso Spain Holding, S.L.U, including operations in Bilbao and Seville, Spain. As a result, about 80 employees have transferred from Metso to Moly-Cop. The turnover of the divested business in 2018 was ap...Read More
Finland-based Metso sold its grinding media business on Friday to Moly-Cop, a portfolio company belonging to private equity firm American Industrial Partners.The transaction includes the sale of Metso Spain Holding, S.L.U, including operations in Bilbao and Seville, Spain. As a result, about 80 employees have transferred from Metso to Moly-Cop. The turnover of the divested business in 2018 was ap...Read More
An Australian mining company wants to expand its mine in South Carolina because they have found more gold.Read full newsRead More
"@CROP_cse"The project is advancing on schedule and on budget with great thanks to the construction teams who continued working right up until December 24th and are now back on site to ensure success of the farm in 2019."Farm Update https://t.co/GXdF4fstWm$CROP #momentumstocks"Read full newsRead More
Almaden Minerals (TSX: AMM; NYSE: AAU) has tabled a feasibility study for its Ixtaca gold-silver project in Puebla State, Mexico, that reduces the mine plan's footprint by shifting to dry stack tailings and improves milling grade through ore sorting.The company originally used a conventional tailings dam in its 2017 prefeasibility study. Since then, it's studied mixing waste and tailings to elimin...Read More
As the new year begins, gold continues to gain respect as the ultimate investment asset. Unfortunately, the same cannot be said for the U.S. dollar.Most investors tend to view the dollar as a "safe haven", but the big bank FOREX traders that really move the currency market view the dollar as a risk-on asset class.They view gold and the Japanese yen as the main risk-off assets. So, when the d...Read More
When investors think of acquiring mining stocks, they usually look to larger miners with mature, stable operations. While senior and intermediate miners offer greater stability and come with lower risk, junior miners and explorers offer the potential to obtain outsized returns. One junior miner that stands out, offering an exciting opportunity for investors to gain exposure to high-quality preciou...Read More
Silver is up 12.4% since November 11th, gold is up 9.3% since August 15th. But the GDX mining stock ETF is up 21.4 % since September 11th. GDX is actually up 71% since mid- January 2016. By comparison, the SPX is up just 34% over the same time period (Jan 19th, 2016).There's a quiet bull market unfolding in the precious metals sector. But don't expect to hear about it on CNBC, Bloomberg TV...Read More
Gold and gold stocks, It is "high noon" at $1300About four years ago I wrote that a very knowledgeable gold mining person who has been an excellent source of information told me that there was a private meeting in a "large east coast North American city." Those attending the confidential meeting were representatives of central banks and large c...Read More
Indicators for China's economic strength have been weak and central bank efforts to boost spending are getting less effective, analyst Christopher LaFemina said, and metals demand will fall as a result."Broad credit growth in China has been on a declining trend since 2017 … credit growth tends to lead economic activity by 3-6 months, and credit growth is unlikely to accelerate until more ag...Read More
BMO analyst Colin Hamilton said in a note there were many questions in the metals market raised by the trend in China of positive fiscal spending statements, but weak consumer-led data points, whichRead More
Yamana Gold's Cerro Moro gold-silver mine is southern Argentina, which has one of Sandstorm's many streaming agreements. Source: Sandstorm Gold Ltd.Sandstorm Gold Ltd. [SSL-TSX; SAND-NYSE American] said Friday January 4 that it sold approximately 57,600 attributable gold equivalent ounces in 2018, the highest yearly total in the company's history. That number includes approximately 14,150 attribut...Read More
SolGold tables updated estimate for Alpala DepositSolGold Plc [SOLG-TSX, LSE; SLGGF-OTC] shares were active Friday January 4 after the Brisbane-based company released a NI 43-101-compliant technical report containing an updated resource estimate for the Alpala Deposit, located on the company's Cascabel Project in northern Ecuador.According to the technical report, the Alpala mineral resource now s...Read More
2019 is going to be a windfall year for you.You're going to make a lot of money this year - possibly more than you ever have in your entire life.I'm not kidding. You're going take your wealth to an entirely new level this year.So... how are you going to do that?Easier than you think: You're going to change your perception about most things in your life. And it starts right here, right now...Say th...Read More
Jared Atkinson, a PhD student in geophysics and researcher in the Center for Space Resources at Colorado School of Mines, was recently interviewed by NBC News about a study he co-authored on mining water on the moon, for an article about NASA's plans to build a moon-orbiting space station and permanent lunar base. From the article: Scientists know the ice is there, but they aren't sure how much....Read More
Cold water was thrown on the lithium market in 2018, with prices falling and lithium miners' equity prices falling alongside. We at Fastmarkets believe the price weakness has been front-loaded with the market deleveraging into the prospect of two-to-three years of supply surplus.We expect further price weakness in 2019, though not as much as seen in 2018. However, it may take a while for a bullish...Read More