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
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Monday January 7, with continued weakness in the dollar index spurring buying momentum amid market optimism around US-China trade talks scheduled later today.Zinc's three-month price gained 1.3%, making further strides towards $2,500 per tonne. A fresh cancelation of 7,800 tonnes kept price action elevated...Read More
Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.2% this morning, Monday January 7, with copper recently quoted at $5,937 per tonne - this after average gains of 1.5% last Friday.Volume across the complex has been average with 5,995 lots traded as at 7.15am London time.In the precious metals this morning, gold prices are off their highs of $1,...Read More
The world's supply of manganese ore decreased by 6% month-on-month in November 2018 due to production cuts in most global regions, according to the latest research published by the International Manganese Institute (IMnI) on Friday January 4.Supply totaled 1.71 million tonnes of manganese units in October, which was an increase of 16.3% year-on-year, with global suppliers ramping up to feed mangan...Read More
A recent survey by the College Board revealed the budget for an in-state public college last year averaged $25,290.And a moderate budget at a private school last year averaged $50,900.Suppose you have three kids bound for college a decade from now. At the rate which college tuition costs are rising and tuition aid formulas changing, you're looking at spending, over the course of 4 years, close to...Read More
Markets paced the floor this morning… like a man condemned awaiting word on his final appeal.For the December unemployment report was due out at 8:30.A poor jobs report would send stocks spiraling down the greasy pole - again.The market staggered into 2019 off its worst December since the Great Depression. It is also off to its worst start in 19 years.Could it absorb another blow?Economists...Read More
Yesterday we ventured a cowardly 2019 forecast, in humble recognition of our erring psychic vision.Markets would rise, we soothsaid - or fall - or end the year precisely where they began.We likewise predicted the economy would advance, retreat or jog in place.Some readers denounced our abject cowardice.Take your stand upon one hill or the other, they thundered. But take your stand:"Make a call," d...Read More
Cobalt metal prices continued to slide when trading got under way after the Christmas and new year holidays, with spot inquiries attracting competitive sellers in a well-supplied market.Standard and alloy-grade cobalt prices fell by 2.8% in the week ended Friday January 4. The standard-grade price was assessed at $25.75-27.25 per lb and the alloy-grade price at $25.50-27.25 per lb, both in-warehou...Read More
Key data from the pricing sessions in Asia and Europe for the week ending Friday January 4. China The price for exported grade 553 silicon in China remained unchanged for the fifth consecutive week amid thin inquiries and a slow market.The market is quiet because the majority of stockpiling activities for first-quarter delivery from the Japanese secondary aluminum sector took place in early Decem...Read More
A new year is upon us.It is time to ring out the old, as Tennyson counseled - and ring in the new.So today we retrieve our crystal ball from mothballed storage... and gaze for previews of 2019.Is this finally the year of the bear? Or will the bulls roar back to life?Are we months away from recession? Years away? Or days away?The shocking answers anon.But before we chart the way ahead, let us first...Read More
Vancouver, British Columbia (January 4, 2019) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) wishes to advise that the Alberta Securities Commission (the "ASC") filed a Notice of Application dated December 21, 2018 for an application on January 3, 2019 seeking an interim order pursuant to section 33 and 198 of the Securities Act (Alberta), whic...Read More
If the first week of trading in 2019 is auspicious for the rest of the year, gold bugs are going to be in for a fun ride.Amidst broad market turmoil headlined by plunging and volatile global stock markets and increased U.S.-China trade tensions, the yellow metal lived up to its safe haven status over the holiday period and into the first few days of 2019, powering forward to just shy of US$1,300 p...Read More
Millennial Lithium (TSXV: ML; US-OTC: MLNLF) is nearing an updated resource estimate and feasibility study (FS) at its 86 sq. km Pastos Grandes lithium project in Salta, Argentina.The company is aiming for a 25,000 tonne per year lithium carbonate equivalent operation at Pastos Grandes. It expects to table the FS, which will include the updated resource estimate, by the end of 2019's second quarte...Read More
As the Association for Mineral Exploration (AME) prepares for its 36th annual Mineral Exploration Roundup conference from Jan. 28 to 31, 2019, we look back on industry successes in 2018 and ahead to the potential for the mineral exploration industry in 2019.While our members report they continue to be challenged in attracting investment for exploration, we are getting indications that exploration...Read More
The S&P/TSX Composite Index rebounded 2.1% over the week to finish at 14,222 on Dec. 28 and finish the year at 14,322.90 on Dec. 31 - or an 11.6% drop year over year. The S&P/TSX Global Mining Index surged to 66.98 on Dec. 28 and closed the year at 67.77, off 6.3% over the year. The S&P/TSX Global Base Metals Index rose to 101.48 on Dec. 28 and closed the year a 102.58, or down 23.6% from the end...Read More
Agnico Eagle CEO Sean Boyd sits down for an in-depth interview with Northern Miner publisher Anthony Vaccaro at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.Read More
Auryn Resources (TSX: AUG) announced today that it has identified a significant zone of oxide copper mineralization over a 1.2-kilometer strike length and 500-meter width at the Milpoc prospect. This is about 12 kilometers south of the company's 120,000-hectare Sombrero copper-gold property, which is located in southern Peru in the Andahuaylas-Yauri belt.According to Auryn, Sombrero is characteriz...Read More
Canada's Cobalt 27 Capital (TSXV: KBLT)(OTCQX: CBLLF)(FRA: 27O) is tapping into the lithium sector by acquiring a royalty of 1.5% of gross revenues and A$2 per tonne of ore mined at the Mount Marion lithium project in Western Australia, the latest in a series of major deals the company has announced in less than a year.The move comes only days after the Toronto-based company revealed a propose...Read More
* SMB says costs are "higher and higher"* ITSCI not immediately available for comment* Rwandan miners also complain of costLONDON - Congo's biggest miner of coltan, an ore that is the source of metals used in mobile phones, says it is leaving the ITSCI certification scheme, relied on by major companies as a guarantee that minerals are free from human rights abuses.Societe Miniere de Bisunzu (SMB),...Read More
China has previously spent long periods without revealing increases in gold holdings....why did China decide now was the right time to publicly admit its gold reserves are rising?Read full newsRead More
"Cobalt 27 has turned to #lithium, spending ~US$9m on a royalty at the Mount Marion mine, adding to its #cobalt and #nickel holdings ($) | https://t.co/cgKjH7HlOK $KBLT"Read full newsRead More