Digging Deep

AbraPlata: CMR's full analysis of an Argentina focussed gold and silver junior

May 2020

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

There are Billions to Be Claimed... Is Any of It Yours?

February 22, 2019 / dailyreckoning.com

State governments are sitting on boatloads of unclaimed dollars. Right now Florida alone is holding $1 billion, Washington ... $1.3 billion, Illinois ... $2.9 billion, California ... a whopping $9.3 billion, New York ... a jaw dropping $14 billion. And the billions keep pouring in. According to the National Association of Unclaimed Property Administrators (NAUPA), in FY 2015, $7.763 BILLION was c...Read More

INTL COPPER CONF: Over 90% of current Chinese copper scrap imports eligible for renaming - Jinrui Futures

February 29, 2020 / www.metalbulletin.com

The vast majority of copper and brass scrap imported into China could meet the criteria of reclassification as copper renewable materials, according to research by Jinrui Futures.Referencing the Chinese import data of 2019, 97% of the copper scrap products and 79% of the brass scrap products brought into the country last year could be renamed as copper renewable materials, Zark Huang, analyst with...Read More

Moody's downgrades Imperial as it reviews strategic alternatives on poor H1 output - Creamer Media's Mining Weekly

July 07, 2017 / www.miningweekly.com

VANCOUVER (miningweekly.com) - Imperial Metals is assessing strategic alternatives for its portfolio of base metals mines, based in British Columbia, after announcing that production will not meet guidance, it will breach bank covenants and require additional financing.The TSX-listed firm reported on Thursday that second-quarter production results from its Red Chris, Mount Polley and Huckleberry (...Read More

U.S. consumer spending cools in October, inflation firming

November 30, 2017 / www.reuters.com

WASHINGTON (Reuters) - U.S. consumer spending slowed in October as the hurricane-related boost to motor vehicle purchases faded, while a sustained increase in underlying price pressures suggested that a recent disinflationary trend had probably run its course. FILE PHOTO: People shop at The Grove mall in Los Angeles November 26, 2013.REUTERS/Lucy Nicholson/File Photo Other data on Thursday showed...Read More

Italy's Problems Are Not Economic And Far From Over: Former ECB Director

June 04, 2018 / www.kitco.com

Jun 05, 2018 Guest(s): Francesco Papadia Although market fears of an Italian contagion effect are now largely subdued, one strategist said that the country is not out of the woods, yet. Speaking from Brussels, Francesco Papadia, fellow of the Bruegel Institute and former market operations director of the European Central Bank told Kitco News that he remains sceptical whether the new government'...Read More

IRON ORE DAILY: Prices drop on thin trading after futures, swaps losses

February 26, 2019 / www.metalbulletin.com

Seaborne iron ore prices fell significantly on Monday February 25 amid limited trading activity after losses in the futures and swaps markets. MB 62% Fe Iron Ore Index: $84.84 per tonne cfr Qingdao, down $1.81 per tonne. MB 62% Fe Pilbara Blend Fines Index: $84.24 per tonne cfr Qingdao, down $1.81 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $86.42 per tonne cfr Qingdao, down $2.01 per tonne....Read More

CIS STEEL SLAB: Deal prices down with discounts dependent on destination

March 03, 2020 / www.metalbulletin.com

CIS export slab export prices fell in the week to Monday March 2, with deals being done at lower prices and the size of the discount varying depending on the final destination, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $405-420 per tonne on March 2, down by $5-10 per tonne week on week.A 50,000 cargo of Ukraine-origin slab was rep...Read More

Copper Concentrate TCs Fall in China as Supplies Tighten, SMM Reports

July 07, 2017 / news.metal.com

SHANGHAI, Jul. 7 (SMM) - TCs of spot imported copper concentrate fell slightly this past week as supplies tightened, SMM said.SMM Analysis: LME Copper Inventory Surges on "Old Tricks"?Spot TCs were quoted at $80-85 per tonne on July 7, according to SMM data. Mainstream quotes have been pushed down to $80-84 per tonne. But copper smelters held floor price firm at $85-86 per tonne.Teck Acquires 21%...Read More

SHFE Base Metals Move Weak, with SHFE Lead & Zinc Slightly Gain (2017-11-30)

November 30, 2017 / news.metal.com

SHANGHAI, Nov.30 (SMM)Today see a weaken open for nonferrous metals. SHFE Lead and Zinc slightly gain. SHFE Nickel drops 1%. SHFE Tin drops 0.81%. SHFE Aluminium drops 0.72%. SHFE Copper drops 0.64%. Ferrous metals move high today. Coke surges 3.71%. Iron ore and coking coal rise almost 3%. RB steel rises over 2%. Hot-rolled coil slightly gains.Zinc: In night SHFE Zinc is probably resisted at 25,0...Read More

WDC Raises Ethical Sourcing with US Govt.

June 04, 2018 / www.diamonds.net

RAPAPORT... The World Diamond Council (WDC) addressed the US StateDepartment last week for the first time regarding responsible diamond sourcing and theKimberley Process (KP).In her presentation, WDC executive director Marie-Chantal Kaninda pointed to the work the WDC and KP had already done to counteract the actions of groups that trade in conflict diamonds to finance illegal activities against l...Read More

HudBay find could extend life of Manitoba mine

February 26, 2019 / resourceworld.com

The Lalor polymetallic mine near Snow Lake, Manitoba. Source: HudBay Minerals Inc.HudBay Minerals Inc. [HBM-TSX, NYSE] on Tuesday February 26 announced the discovery of a new higher-grade zinc-gold deposit located strategically near the company's operating Lalor Mine 13 km west of Snow Lake, Manitoba.While exploration is still in the early stages, the new discovery has the potential to extend the...Read More

Base metals prices up across the board on hopes for easier monetary policy

March 03, 2020 / www.metalbulletinresearch.com

After strong rallies in US equities at the start of the week that saw the Down Jones Industrial Average (DJIA) close up by 5.09%, markets are getting some comfort this morning from the prospect of easier monetary policy, which is helping them keep the negative impacts from the novel coronavirus (2019-nCoV) in the background.Most Asian equity markets are stronger this morning, but have not been as...Read More

What's ailing gold -- futures market rigging or newsletter bullishness?

July 09, 2017 / news.goldseek.com

Dear Friend of GATA and Gold:Writing for the Daily Reckoning, fund manager and author James G. Rickards says supplies of real gold are tight, prices are being suppressed by manipulation of gold's futures market, regulators have signalled that "this is a big boy's market and players can do whatever they want as long as it's not too blatant," the June 26 flash crash in gold was probably undertaken...Read More

EUROPE ALLOY STEEL SURCHARGE: December values rise on higher nickel costs

December 01, 2017 / www.metalbulletin.com

European alloy surcharges for December deliveries of grade-304 cold-rolled (CR) stainless steel sheet have jumped month-on-month amid strong gains in nickel prices.The December alloy surcharge for 2mm grade-304 CR stainless steel sheet - compiled by Metal Bulletin based on data published by Outokumpu, Acerinox and Aperam - is 1,320-1,362 ($1,564-1,614) per tonne.This was an increase of 96-143 per...Read More

It was a great first quarter for battery material financings

June 06, 2018 / www.mining.com

Lithium, copper and nickel companies raised big money during the first quarter in 2018.Investors poured US$325M into lithium companies. Most of the money went to Orocobre. Toyota bought 15% of the Australian-based lithium company.As usual gold was on top. Half the US$832M closed went to Lundin Gold to advance its Fruta del Norte gold project in Ecuador.Cobalt was way down the list at just $23M, ho...Read More

Rob McEwen Talks Newmont-Barrick And Future Of Gold

February 26, 2019 / www.kitco.com

Feb 27, 2019 Guest(s): Rob McEwen Mining mogul Rob McEwen said that more consolidation on the mega-cap level without premiums would ultimately mean shareholders benefit in the long-term. "Over the last five years, you've heard a growing voice from shareholders saying 'hey, look after our interests first.' And by going in and doing an at-market or discount to market where you can see real synerg...Read More

IN CASE YOU MISSED IT: 5 key stories from March 5

March 06, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Thursday March 5 that are worth another look.Ukrainian steelmaker Metinvest will increase its hot-rolled coil output once it finishes testing a new rolling line at its Ilyich Iron & Steel Works at Mariupol, chief executive officer Yuriy Ryzhenkov told Fastmarkets this week.China Zhongwang holdings - the largest aluminium extrusion company...Read More

Asian Metals Market Update: July-10-2017

July 10, 2017 / news.goldseek.com

Factors which can affect markets Expectations of an early interest rate hike after June US nonfarm payrolls resulted in the slide of gold and silver. Key long term supports are being tested. Either gold and silver manage to trade over key long term support OR in case they fall below key long term support then there can be new multi year lows. FOMC meet is o...Read More

REALIST NEWS - Correction on my DigiPulse comment 931 tokens = 500 tokens

December 02, 2017 / www.youtube.com

Join Coinbase to get into the Crypto game: https://www.coinbase.com/join/529f2c1...Bitcoin Donation: 18wUKrCy2uzQWNT5Zkb8ZFkyiLHM3KiJfrQR Code: https://www.realistnews.net/QRCode.pngDASH: Xq5hsFprntdbAoatSAkZkgtFRtoQqCPYD8QR Code: https://www.realistnews.net/DASH.pngEthereum: 0x28e32AB00E4F251CD3a6D4eC4359d7F55e9D6BC5QR Code: https://www.realistnews.net/ETH.pngLiteCoin: LKthQ5uhjqN1oreHhwGmFjJh5bL...Read More

Trump dangles prospect of North Korean leader visit if summit successful

June 07, 2018 / www.kitco.com

James OliphantWASHINGTON (Reuters) - U.S. President Donald Trump on Thursday held out the prospect of inviting North Korean leader Kim Jong Un to the White House if he deemed next week’s summit a success while also signaling he was willing to walk away if he thought talks did not go well.At a White House news conference with Japanese Prime Minister Shinzo Abe, Trump also repeated what he sai...Read More