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
Delrey Metals (CNSX: DLRY) has acquired two B.C. vanadium projects by issuing 5.5 million shares to BC Vanadium, a private company.The Star and Porcher vanadium properties cover a combined 67.4 sq. km in northwest B.C., near the small logging community of Oona River on Porcher Island. The properties host iron-titanium-vanadium mineralization in titaniferous magnetite. Historic samples from the pro...Read More
Newmont Mining (NYSE: NEM) expects its attributable gold production will reach 5.2 million ounces in 2019 and 4.9 million ounces in 2020, while attributable copper production will be 45,000 tonnes in both years.All-in sustaining costs for gold will come in at US$935 per oz. in 2019 and US$975 per oz. in 2020, while AISCs for copper will reach $2.45 per lb. next year and $2.55 per lb. in 2020.Longe...Read More
A few weeks back, I explained to you that Europe and Japan were the poster kids of monetary irresponsibility and that no matter how loud the dollar bears scream, it's Europe and Japan that will blow up first.I also told you that "the December rate hike and the volatility a rising dollar will cause globally is the setup for an explosive 2019 as the Fed will blink and reverse course, leading to a se...Read More
Anyone looking to stack up shares in Canadian miners may have been forgiven for watching the sector pick up speed in recent weeks and wishing they'd got in sooner. The following diversified stock is a true Canadian classic in the metals sector: a base metals mining company with a presence in South and North America, Portugal, and Sweden. It's gained over 5% over the last five days, only to dip alm...Read More
Dec 07, 2018 Guest(s): John LaForge Head of Real Asset Strategy, Wells Fargo The supply-demand fundamentals are turning in favor of commodities for 2019, especially the metals, this according to John LaForge, head of Real Asset Strategy at Wells Fargo. "Metals are the one real positive we like above and beyond everything else, particularly silver, particularly platinum. So we like commodities, b...Read More
Dec 07, 2018 Guest(s): Bill Baruch President, Blue Line Futures Gold will see renewed strength as a safe haven asset following the next December rate hike from the Federal Reserve, said Bill Baruch, president of Blue Line Futures. On palladium, Baruch said that new regulations in the U.S. may create more demand for catalytic converters in automobiles, which is bullish for the metal. "You may hav...Read More
Vanadium miner Bushveld Minerals (LON:BMN) will have to pay ?490,000, reduced from a previous fine of ?700,000, as the London Stock Exchange (LSE) determined the company breached of two of the AIM's listing rules.The violations were the result of the South African miner failing to meet its regulatory obligations in relation to its undertaking to pay an exclusivity fee to the vendors of Vametco...Read More
President Donald Trump signs a temporary spending bill into law, delaying a government shutdown deadline. The government will stay open through Dec. 21, setting up a Christmastime fight over the president's proposed border wall. Jacob Pramuk| @jacobpramukPublished 9 Hours AgoCNBC.com Saul Loeb | AFP | Getty ImagesPresident Donald Trump gives a thumbs-up as he speaks to the press as he walks to...Read More
Before the end of the year, Aura Resources (TSXV: AUU) decided to share its plans for the Gold Chain project, which the Ontario miner acquired last July.In a press release, the company said that as soon as 2019 kicks off, they want to start mapping and sampling the area using geophysics, geochemistry, alteration studies and advanced deposit modeling. The idea is to obtain information that will be...Read More
Shares in Condor Gold (LON:CNR) climbed over 10% Friday after it announced the Nicaraguan ministry of energy and mines had granted it the Las Cruces concession, which expands its La India gold project package by 45%.The 25-year exploration and exploitation concession covers an area of 142.6 km2, expanding the La India land package to 455.6 km2. Condor Gold's project now includes a total 11 adj...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell sharply Friday following a U.S. jobs report that was weaker than expected. Stocks were poised for their third weekly loss in four weeks.Oil prices jumped Friday after OPEC member states and their allies agreed to cut production for at least six months.Broadcom Inc. (AVGO) rose 0.58% Friday after the c...Read More
Nonfarm payrolls increased by 155,000 in November, the Labor Department says. Economists surveyed by Dow Jones had been expecting payroll growth of 198,000.The average hourly earnings gain of 0.2 percent fell short of estimates for a 0.3 percent increase.October's jobs count was revised lower from an initially reported 250,000 to 237,000.Jeff Cox| @JeffCoxCNBCcomPublished 11 Hours AgoUpdated9 Hour...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Friday December 7, supported by an uptick in equity indices while a softer US dollar index helped most three-month prices reverse Thursday's losses.Despite low volumes in LME trading, with aluminium's 11,723 lots topping the complex, strong afternoon trading resulted in intraday highs for aluminium,...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
European lead producer Recylex has opened talks with the debtors of its Weser Metall division after leveraged investments at the smelter there failed to result in expected production gains. "The group anticipates that its German perimeter will not be able to reach its financial targets at December 31, 2018," the company said on Wednesday December 5. Weser-Metall GmBH, a wholly-owned German divisio...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday December 7.China The domestic ferro-chrome spot price slid after some sellers lowered prices to book sales and generate cash before year-end, but buying interest from China's domestic stainless steel mills was thin. The imported charge chrome market was quiet. Some sellers had just compl...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Adam HamiltonArchivesDec 07, 2018 The recent stock-market selloff is persisting, fueling mounting worries among investors. The intensifying volatility and lack of a quick rebound higher is strangling euphoric sentiment, spawning self-reinforcing selling pressure. Scoffed at a few months ago, the notions that a young bear market is underway and a recession looms are gaining traction. The great bene...Read More
Fred Imbert| @foimbertPublished 16 Hours AgoUpdated3 Hours AgoCNBC.com show chapters Stocks plunge after weak jobs data — Here's what three experts say that means for investors 6 Hours Ago |02:44 Stocks dropped sharply on Friday, concluding what has been a wild week for Wall Street. A weaker-than-expected jobs report and China-U.S. trade tensions sent the Dow Jones I...Read More
The suspensions come after it could not complete a conditional US$4 million extension to its working capital facility with Fujax Minerals and Energy.Cradle Arc said the working capital facility extension for its 60%-owned subsidiary Leboam, which operates Mowana, had been conditional on the completion of certain documentation and final approval from Fujax's credit committee.All had seemed fine, wi...Read More