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
I describe some highlights from the 121 Mining Investment Conference in London I attended last month! See more details here: https://www.weare121.com/121mininginv...Shout-outs to many online friends I met for the first time, including (handles from CEO.CA are listed):@kevins@fundamentalanalysis@aurmon@david @bullmarketmove@fasttrack@valcovest.comunfortunately I missed @narcat and @thegalvanizer. A...Read More
Last week, more than 200 leaders in the Latin American mining industry met in Santiago, Chile for Digitalization in Mining - Through the Rock. The 2-day summit, hosted by Sandvik, focused on leading-edge mining technology, and the digitalization journey contemporary mines face."Digitalization is helping companies to grow and optimize their operations," said Patricio Apablaza, Vice President, Sales...Read More
VanadiumCorp and Electrochem Technologies and Materials have signed a patent option agreement allowing Ultra Pure Systems to purchase an exclusive licence to their VanadiumCorp-Electrochem processing technology (VEPT). The new technology will be used in the world's first dedicated vanadium processing facility in Australia.Ultra plans to integrate low cost battery grade vanadium electrolyte into...Read More
In recent days we've seen the beginnings of an inversion in the yield curve.The 2-year yield and the 5-year yield have inverted but not yet the the 2-year yield and the 10-year yield, the curve that is watched most. However, "2s and 10s" as bond traders would say appear headed for an inversion very soon.We know that an inversion of the yield curve precedes a recession and bear market. That is good...Read More
The last decade has been pretty weak for gold investors. Gold futures have recorded some of its lowest numbers, with 2018 seeing a 7.1% decrease since the January.But some analysts are seeing a sign of hope on the horizon. Gold is finally trading at more than $1,600 per ounce at the time of writing this article, and that's the best price since July. Historically, gold has seen the best prices in t...Read More
A sample of visible gold from the Granada gold mine. (Image: Granada Gold Mine)QUEBEC - SGS Canada has delivered an updated mineral resource of the Granada gold property near Rouyn-Noranda. Owner Granada Gold Mine, headquartered in Rouyn-Noranda, was also supplied with a revised block model for the entire area.Pit constrained measured and indicated resources are 22.4 million tonnes grading 1.13 g/...Read More
Toronto-based Power Ore (CVE: PORE) plans to buy the Opemiska copper complex from Explorateurs-Innovateurs de Quebec(Ex-In), a privately owned company. The property - consisting of the historic Springer and Perry mines and the mill - was operated by Falconbridge from 1953 to 1991. The two mines yielded 23 million tonnes of ore grading 2.4% copper and 0.3 g/t gold.The Opemiska complex is adjace...Read More
Dec 12, 2018 Guest(s): Peter Hug Global Trading Director, Kitco Metals While a rate hike is likely to happen at the next Federal Reserve Meeting next week, a more dovish tone is expected in 2019, said Peter Hug, global trading director of Kitco Metals. "We think the Fed is going to back off in 2019 and it appears that a lot of analysts are indicating that the Fed is going to be much more dovish...Read More
SASKATCHEWAN - Fission 3.0 Corp. of Kelowna, B.C., is preparing for its winter drilling program at four high priority targets - Wales Lake (two holes), Patterson Lake North (five holes), Key Lake (nine holes) and Cree Bay (two holes). About 4,400 metres of drilling is planned.Fission 3 recently completed an $8-million financing with which to fund the work.The Wales Lake occurrence is similar to Fi...Read More
Northern Graphite (CVE: NGC) of Ottawa has taken a closer look and updated some parameters for its Bissett Creek graphite project between Ottawa and North Bay. The updates were done by G Mining Services.The review contains an improved net present value and internal rate of return numbers. The after tax NPV at an 8% discount is now $198.2 million, up from $150 million in the preliminary economic a...Read More
The partners in the Hook Lake uranium joint venture have approved a 2019 exploration budget of $3 million. Situated within the Patterson Uranium District, Hook Lake is owned jointly by Cameco Corp. (39.5%), Orano Canada (39.5%) and Purepoint Uranium Group (operator and holder of a 21% interest).This year's program includes 6,600 metres of diamond drilling by two rigs. Seven holes will test targets...Read More
Source: Michael J. Ballanger for Streetwise Reports 12/11/2018Precious metals expert Michael Ballanger discusses the role of silver historically as well as recent moves in the market.Could there have ever been constructed four finer sentences strung together for the purpose of defining eight items related to money and social standing than the following?"Gold is the money of kings. Silver is th...Read More
In recent days we've seen the beginnings of an inversion in the yield curve.The 2-year yield and the 5-year yield have inverted but not yet the the 2-year yield and the 10-year yield, the curve that is watched most. However, "2s and 10s" as bond traders would say appear headed for an inversion very soon.We know that an inversion of the yield curve precedes a recession and bear market. That is good...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average and the S&P 500 were rising sharply Wednesday. Each index has closed lower for four of the past five sessions.Tencent Music begin trading on the New York Stock Exchange Wednesday and the stock jumped 8.8% to $14.14. The initial public offering for the Chinese streaming company was priced at $13, the lo...Read More
Getty ImagesJob openings in the United States rose slightly in November to just over 7 million. The numbers: The number of job openings in the U.S. rose slightly in October to just over 7 million and clung close to a record high, signaling that companies are still seeking to hire more workers to keep up with rising sales. Read: U.S. gains 155,000 jobs, unemployment stays at 3.7% What happened...Read More
Romios Gold Resources Inc. (TSX.V: RG) (OTC-PK: RMIOF) (Frankfurt: D4R) recently announced that, further to its press releases of September 24, 2018, it has finalized a definitive agreement (see the "Definitive Agreement") with Crystal Lake Mining Corp. ("CLM") to option the Company's Newmont Lake Property ("Newmont Lake") (see September 24, 2018 news release for details o...Read More
Torex Gold Resources Inc. (TSX: TXG) recently reported record production in the third quarter of 2018 of 100,346 ounces in dore, and an additional 1,135 ounces in carbon fines. Gold produced for the nine months totaled 246,309 ounces in dore, and an additional 11,322 ounces in carbon fines.Fred Stanford, President & CEO of Torex stated: "This was an excellent quarter with record gold productio...Read More
* May wins no-confidence vote by 200 to 117 votes * Sterling still near 20-month lows * Traders say little has changed, pound still under pressure * Graphic: World FX rates in 2018* Graphic: Trade-weighted sterling since Brexit vote (Recasts with results, adds new quotes, updates prices)By Tommy WilkesLONDON, Dec 12 (Reuters) - Sterling retreated from earlierhighs on Wednesday after Prime Minister...Read More
Kirkland Lake Gold Ltd. (TSX: KL) (NYSE: KL) (ASX: KLA) says the company is on track for record quarterly production in the fourth quarter of 2018, with full-year 2018 production now expected to exceed 330,000 ounces versus current guidance of 300,000 - 310,000 ounces. Based on the improved outlook for Fosterville Mine, the Company now anticipates that full-year 2018 consolidated production w...Read More
A historic backwardation in zinc forward prices has its first major casualty, with Thailand's foremost zinc distributor set to close that part of its business as a result.Padaeng Industry, formerly a primary zinc smelter which pivoted into the renewable energy industry, will close its 50,000 tonne per year zinc metal distribution business at the end of 2018, the company said in a Stock Exchange of...Read More