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
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 23.50-24.15 on Tuesday March...Read More
A summary of China's battery raw materials exports for the first two months of 2021.In briefLithium carbonate exports decreased in January-February in a year-on-year comparison with the early months of 2020, with tight domestic supply from most producers and no great improvement in overseas demand.Read More
A summary of China's battery raw materials imports for the first two months of 2021.In briefImports of cobalt metal rose sharply year-on-year early in 2021, with the second round of stockpiling by China's State Reserve Bureau elevating the domestic price of metal in the first two months of the year, triggering a robust import appetite in the country for the blue metal.Imports of cobalt intermediat...Read More
A summary of China Molybdenum Co's annual report filed to the Shanghai Stock Exchange on Tuesday March 23.In briefRevenue for mining and processing business totaled 18.48 billion yuan ($2.84 billion), down by 4.06% year on year.Revenue for molybdenum and tungsten segment amounted to 3.55 billion yuan, down by 21.19% from previous year, due to...Read More
This week's episode features Rohan Reddy, research analyst at Global X, a New York-based provider of global exchange-traded funds, including the Global X uranium ETF. In this wide-ranging interview, Reddy explains how uranium is positioned to be one of the best-performing commodities in the coming years, with the construction of nuclear reactors in China and India, as well as the improving percept...Read More
The West African mining industry has seen significant fundraising activity since October last year, driven by higher metal prices and the need to meet a growing global demand for metals, particularly those needed for electric vehicles and renewable energy.For Capital (LSE: CAPD), a mining service provider that has spent the last two years expanding into West Africa, lack of exploration spend, fla...Read More
With a prefeasibility study (PFS) expected to be complete in the second quarter, gold miner Wesdome Gold Mines (TSX: WDO) has announced the discovery of a high-grade gold zone at its past-producing Kiena mine in the Val d'Or area of Quebec.The latest discovery is in the footwall of the higher-grade Kiena Deep A zone. Drill highlights from this area included 22 metres of 11.9 grams gold per tonne;...Read More
Troilus Gold (TSX: TLG; US-OTC: CHXMF) plans to expand its position in Quebec's Frotet-Evans greenstone belt by 33% through an all-share acquisition of junior UrbanGold Minerals (TSXV: UGM). The two companies have entered into a definitive agreement with Troilus offering 0.3004 of a Troilus share for each UrbanGold share, which equates to an offer of 30 ? a share, and is a 35.3% premium based on 2...Read More
Australia's Lucapa Diamond (ASX: LOM) has reported a 35% increase in the resource carats at its Lulo diamond mine in Angola, where the company found a 113-carat white diamond in January.Despite a reduction in grade to 6.86 carats per 100 cubic metres, which Lucapa said was a result of adjusting the mining dilution factor, the mine's in-situ resource now sits at 135,900 carats at a modelled ave...Read More
The Dow Jones Industrial Average dropped 0.46% to finish the week at 32,627.97 and the S&P 500 fell 0.77% to 3,913.10. Spot gold fell by US$17 per oz., or 0.98%, to US$1,744.90 per ounce. Eldorado Gold rose US53 ? to US$12 per share. On March 17, lawmakers in Greece approved a revised contract with Eldorado, paving the way for restarting a major mining investment stalled over licensing and envi...Read More
FY20 earnings jumped 54% despite Sukari woesRead full newsRead More
Rio outlines its plans to improve cultural heritage and community relationsRead full newsRead More
Gold could surge back above US$2,000/oz, depending on inflation tolerance of central banksRead full newsRead More
Ottawa, Ontario--(Newsfile Corp. - March 23, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (Read full newsRead More
/PRNewswire/ - Golden Star Resources Ltd. (NYSE American: GSS) (TSX: GSC) (GSE: GSR) (Read full newsRead More
Since pouring first gold in December 2020, commissioning activities at the PureGold Mine have transitioned to full scale ramp-up of the mining and...Read full newsRead More
Satori Resources is about to start drilling at the Tartan Lake gold mine project near Flin Flon.Read full newsRead More
The last year has been a roller coaster for gold. Prices for the yellow metal reached above US$2,000/ounce in the summer of 2020, an all-time high. However, this momentum would not last. The spot price of the yellow metal was trading at just over US$1,730/ounce as of early afternoon trading on March 24. Today, I want to discuss why this may be the perfect time to buy gold stocks at a discount. Let...Read More
Amid the concerns over the third-wave of COVID-19, the Canadian equity markets are down this week, with the S&P/TSX Composite Index falling close to 1% in the first two trading days. However, the long-term growth prospects remain strong amid economic expansion and recovery in demand. So, investors should buy fundamentally strong companies that are available at attractive valuations. Meanw...Read More
The majority of Canadian stocks look unattractive on the valuation front, thanks to the stellar recovery rally in the past 11 months. However, a few TSX-listed companies continue to trade at a lower valuation multiple and could deliver strong returns. ScotiabankScotiabank (TSX:BNS)(NYSE:BNS) stock has recovered all of its losses and is up about 66% in one year. Despite the recent run-up in it...Read More