Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
A Preliminary Economic Assessment (PEA) is the first opportunity an exploration/development mining company can provide to the market an independent assessment of the potential economic value of the company's mineral resource. A PEA is preliminary in nature and can include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them...Read More
Since its 1988 float on the London Stock Exchange, Anglesey Mining has strived to bring modern, underground mining to the Parys Mountain project on the isle of Anglesey, which is off the north coast of Wales.The site was once home to the world's largest copper mine, but price fluctuations, economic crises and a diversification into Canadian iron ore projects meant that it remained undeveloped. How...Read More
The focus on the London Metal Exchange on the morning of Tuesday March 8 is the short squeeze that has sent the nickel market wild - prices were up by over 100% at one stage on Tuesday morning from Monday’s close, at $101,365 per tonne, this after Monday’s 72.7% rise.• Nickel experiencing panic short-covering as some major longs, shorts battle it out• Russia threatening to cut...Read More
London and Shanghai Metal Exchange base metals prices, with the exception of lead, were higher again on the morning of Thursday March 3, building on the gains seen earlier in the week as the markets adjust to the loss of supplies from Russia.* Spot Brent crude oil trading at more than $118 per barrel* US Federal Reserve gave more clarity over its interest agenda, focus on inflation* Western divest...Read More
London Metal Exchange base metals prices and spot gold were consolidating in London on the morning of Wednesday March 2, following average gains of 2.6% across the base metals on Tuesday as the market prepared for likely supply losses from Russia.* United States 10-year treasuries rates were recently at 1.73%, down from more than 2% on Friday, as haven demand rises* Spot Brent crude oil trading at...Read More
In a relatively short time, Ero Copper has emerged as a returns-oriented, eco-friendly Brazilian copper producer with a funded growth trajectory to firmly establish itself as a mid-tier company.Ero posted record copper production in 2021 from its Mineração Caraíba SA (MCSA) complex in Bahia, Brazil, of 45,511 tonne of copper in concentrate, which surpassed guidance. The MCSA c...Read More
Base metals prices were little changed but mixed on the London Metal Exchange, while those on the Shanghai Futures Exchange were for the most part weaker on the morning of Friday February 25, perhaps suggesting that China is expecting to see more metal from Russia.* US equities recovered early losses on Thursday...* ...this has provided some stability to markets on Friday morning* Spot Brent crude...Read More
LME base metals prices and spot precious metals were up across the board on news of Russia's invasion of Ukraine, while base metals on the SHFE were mixed on the morning of Thursday February 24.* Nickel, aluminium, palladium and silver were up by more than 2% this morning* Spot Brent crude oil touches $100 per barrel* Western equity index futures down 2-4%Base metalsThree-month base metals prices...Read More
Escalones would produce an average of 52,131 tonnes per year of copper for 20 years at a C1 cash cost of US$1.19 per pound following an initial capital investment of $438.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Index futures were virtually unchanged following release of the January U.S. Trade Deficit at 8:30 AM EST. Consensus was an increase to $87.00 billion from $80.70 billion in December. Actual was an increase to $89.7 billion. The Canadian Dollar was virtually unchanged at US 77.89 cents f...Read More
U.S. equity index futures were sharply lower this morning. S&P 500 futures were down 23 points in pre-opening trade. Index futures are responding to the growing conflict in Ukraine. Commodity prices were sharply higher again this morning in response to the Ukraine conflict. Gold added $9.70 to $1,976.30. Crude oil gained $2.90 to $118.58. Bed Bath & Beyond advanced $10.75 to $26.93 on news...Read More
The PEA outlined annual production of 35,800 tonnes per year of copper cathode over a 12-year mine life with 40,000tpy of production during the first six years following an initial capital cost ofRead More
U.S. equity index futures were lower this morning. S&P 500 futures were down 23 points in pre-opening trade. Index futures responded to weakness in European equity indices related to the expanding Ukraine conflict. Tensions escalated last night after Russian troops took control of Europe's largest nuclear power complex located in south Ukraine. U.S. equity index futures recovered following rel...Read More
A 30,000m programme is currently underway on the consolidated property which is enlarging the deposit which featured in the 2019 preliminary economic assessment (PEA) which outlined a US$1.Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 7:30 AM EST. Investors are waiting for the U.S. fourth quarter Non-farm Productivity report to be released at 8:30 AM EST. Consensus calls for a 6.5% increase versus a 6.6% gain in the third quarter. MGM Resorts International added $0.37 to $44.10 following approval of a $2 billion share buyback program.Victor...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade. Index futures responded to President Biden's State of the Union address released last night.The Canadian Dollar was quiet at U.S.78.81 cents prior to news from the Bank of Canada at 10:00 AM EST. Consensus calls for an increase in the Bank of Canada's interest rate to major Canadian bank...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points in pre-opening trade. The Canadian Dollar was virtually unchanged at US78.80 cents following release of Canada's December GDP at 8:30 AM EST. Consensus was unchanged versus a gain of 0.6% in November. Actual was unchanged . Consensus for fourth quarter real GDP was an annualized increase of 6.5% versus an an...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 57 points in pre-opening trade. Index futures were responding to growing geopolitical concerns related to events in Ukraine.Commodity prices were higher this morning related to events in Ukraine. Gold gained $23.30 to US$1909.90 per ounce. Crude oil advanced $4.05 to $95.64 per barrelToronto Dominion Bank (TD Cdn$104....Read More
As more sanctions are put on Russia by NATO countries, we must look ahead to the economic consequences for the West when Putin responds. What will oil supplies along with severed supply chains look like for global economies when that happens? We will unpack these questions today...A wave of public support from around the world is encouraging Ukraine in its valiant resistance.Americans naturally sy...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points in pre-opening trade. Index futures moved higher following release of economic reports at 8:30 AM EST. Consensus for January Durable Goods Orders was an increase of 0.8%. Actual was an increase of 1.6%. Excluding transportation orders, consensus for January Durable Goods Orders was an increase of 0.4%. Actual...Read More