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
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...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
Something's not right: Banks are heavily exposed to record business debt, as credit quality deteriorates.Continue...Read More
Seaborne iron ore prices increased moderately on Wednesday December 12 following a pick-up in China's spot steel prices. MB 62% Fe Iron Ore Index: $66.73 per tonne cfr Qingdao, up $0.76 per tonne. MB 62% Fe Pilbara Blend Fines Index: $66 per tonne cfr Qingdao, up $0.76 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $71 per tonne cfr Qingdao, up $1.32 per tonne. MB 58% Fe Premium Index: $59.92 pe...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
David Petersson is a developer and freelance tech blogger interested in cyber-security, AI and blockchain, and try to separate signal from noise in the industry.Continue...Read More
Casa Minerals (TSXV: CASA) has discovered a new zone at its Pitman gold project near Terrace, B.C., 1 km south of the Golden Dragon gold discovery it made earlier this year.Prospecting, rock and soil geochemical sampling graded as high as 231 grams per tonne silver, 2.83% copper and 6.15% zinc at the Dragon Tale zone over an area measuring 1.4 km by 0.7 km. The zone remains open in all directions....Read More
According to the Wall Street Journal, China is planning a new approach to foreign investment whereby it will allow increased access for foreign companiesContinue...Read More
Barrick Gold Corp. has reached an agreement with the Tanzanian government on a $300 million payment, a milestone toward resolving a dispute that has crippled the miner's subsidiary in the African country, according to people familiar with the situation. The two sides made significant progress on a deal that includes Acacia Mining Plc paying $300 million in installmentsExecutives from the Toronto-b...Read More
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.Read More
A recent report on Canada's mining sector suggests that there may soon be a rebound in the industry, but it warns that a drop in the number of mining engineering graduates needs to be countered with educational reform to achieve sustainability.The Mining Industry Human Resources Council's (MiHR) annual Canadian Mining Labour Market Outlook 2019 notes declining enrollment in mining engineering p...Read More
Amarillo Gold Corporation (TSX.V: AGC) has received approval from the Brazilian Mining National Agency for a three-year extension of its mining concessions for the Posse gold deposit, also known as the Mara Rosa gold project.According to Amarillo, the agreement allows for the continued delay of mining activities, thereby preserving the mining status of the concessions and providing enough time for...Read More
The launch of a high-grade iron ore derivative by the Singapore Exchange last week represents a "leap forward for the [ferrous] industry, particularly those that are exposed to the high-grade product," according to Andrew Glass, head of iron ore trading at Anglo American.SGX launched the world's first high-grade iron ore derivative contract, settled against the daily MB 65% Fe Iron Ore Index publi...Read More
In this interview, David shares his thoughts on where silver is heading and his approach to investing in silver stocks right now.0:05 Introduction1:16 Where is the price of silver headed?2:46 Can silver's price stay below the average AISC for an extended period of time?3:47 The primary demand driver of the coming silver bull market5:29 How David is approach silver stocks now7:09 Discussing Royalty...Read More
Canada's IAMGOLD Corp. (TSX IMG), (NYSE: IAG) is working on expanding its footprint in Burkina Faso, West Africa, where it already operates its Essakane mine, in production since 2010.From the drilling carried out this year around the mine, particularly the Gossey satellite deposit, located 15 km north, IAMGOLD has concluded the prospect holds combined, indicated and inferred resources amounting...Read More
Canada's Harte Gold (TSX: HRT) said Wednesday it expects to begin commercial production at its Sugar Zone operation before year-end.Since landing commercial production permits from the Ontario government in September, it has been running full tilt - it poured its first gold bar in October, held the mine's official opening later that same month, and conducted its first production blast in November...Read More
Iranian export billet and slab prices continued to fall this week, with sanctions leading suppliers to cut offers, but with little success.Billet offers from Iran were heard at $395-405 per tonne fob, depending on the producer, down from $405-412 per tonne fob last week.However, most customers have held back from purchasing Iranian material."It is too risky to buy Iranian steel...Read More
CIS export billet price dropped further on Wednesday December 12 with negative sentiment in the market curbing trading activity."People are just scared to buy because they know that tomorrow they will be able to get a lower price," a trader said.Most market...Read More
* FTSE 100 up 1.1 pct; FTSE 250 up 1.9 pct * Market sees PM May defeating leadership challenge * Brexit-sensitive housebuilders rise* Trump's conciliatory trade talk boosts markets * Superdry sinks 38 pct on profit warning (Updates prices, adds details, graphic)By Josephine Mason and Helen ReidLONDON, Dec 12 (Reuters) - British stocks rose on Wednesdayas investors welcomed conciliatory talk from U...Read More
China's domestic rebar prices increased mildly on Wednesday December 12 following higher billet and futures prices. Domestic Eastern China (Shanghai): 3,780-3,820 yuan ($548-553) per tonne, up 10-20 yuan per tonneNorthern China (Beijing): 3,490-3,520 yuan per tonne, up 20 yuan per tonneBillet prices picked up late on Tuesday and on Wednesday morning. Meanwhile, futures prices rose from Tuesday's n...Read More