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
The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday January 16*Copper -$38.05 (258.07 yuan) Aluminium -$345.35 (-2,342.21 yuan) Zinc $55.12 (373.84 yuan) Nickel -$307.21 (2,083.55 yuan) *Metal Bulletin calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Key data from Fastmarkets' January 16 pricingsession in Europe.Key drivers- Demand for cadmium in India, the most important spot market for the material, bloomed in the week ended Wednesday January 16, with a large amount of business concluded and several offers being negotiated....Read More
Over the last two weeks, after making good on the four-rate interest hike of 2018, Fed Chairman, Jerome Powell, became more dovish to start 2019.His change in tone is worth considering because of his historical stance on reducing the amount of artificial stimulus coming from the Fed. Last week, after the required five-year holding period for Fed transcripts were up, we got a glimpse into Powell's...Read More
The following Fastmarkets minor metals prices changed on Wednesday January 16:Minor metalsAntimony MB free market regulus, $/tonne: $7,800-8,000 per tonne from $7,900-8,100Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 48,500-49,500 yuan per tonne from 49,000-49,500 yuanBismuth MB free market, $/lb: $3.40-4.00 per lb from $3.40-3.80Cadmium MB free...Read More
I heard an unsettling alarm as the screen in front of me flashed red.“Keep your eyes on the road, Zach!”The instructions caught me off-guard. I was getting scolded for looking at my instructor. And it was the car scolding me!“Our dashboard sensor picked up on the fact you were looking at me instead of the road. It can also tell if your eyes are getting sleepy or if you’re n...Read More
Three-month base metals prices on the London Metal Exchange were firmer across the board this morning, Wednesday January 16, with prices up by an average of 0.8%. This after further temporary stimulus measures from China gave sentiment a boost.Zinc led the advance with a 1.7% increase to $2,497 per tonne, followed by copper that was up by 1.1% at $5,973 per tonne. Tin was the laggard with a 0.1% g...Read More
Fed Chair Jay Powell did not deliver any early Christmas presents to the markets last month, but he did pop the cork on a bottle of Champagne as a belated New Year's gift on Friday, Jan. 4.With just a few words, Powell sent the most powerful signal from the Fed since March 2015. Investors who understand and properly interpret that signal stand to avoid losses and reap huge gains in the weeks ahead...Read More
Today we reveal the time frame of the next recession - to within three months.The surprising details anon. But first to a far more immediate catastrophe...We are informed the partial government "shutdown" has entered a record-extending 25th day.It is information we must take on faith, and at second hand.That is because we have suffered not the slightest disruption to our affairs... nor has anyone...Read More
Key data from the Wednesday January 16 pricing session in Europe. Key drivers Titanium markets in Europe have been low key but steady, with alloy dealers reporting increased volumes of business.The scrap markets were also steady, although there were conflicting reports on the availability of scrap, with one or two reporting tighter availability. However, other sources...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday January 16:Aluminium scrapGroup 1 pure 99% & litho: ?1,340-1,390 per tonne...Read More
January16, 2019 - Vancouver, BC - ATAC Resources Ltd.(TSX-V:ATC) ("ATAC" or the "Company") announces final 2018 exploration resultsfrom its 660 km2Rau Project,located at the western end of the Company's Rackla Gold Property, Yukon.The remaining results from the highly prospectiveBobcat, Condor and Spotlight targets have advanced our understanding of thebroad controls on mineralization throughout t...Read More
A Colorado School of Mines professor has been awarded funding from NASA to develop the highest-resolution 3D images ever of what lies in the interior of Mars' polar ice caps."Just like on Earth, the ice caps are witnesses of the climate on Mars - it's a bit like observing tree rings," said Paul Sava, professor and Green Chair of Exploration Geophysics with the Center for Wave Phenomena at Mines. "...Read More
Integra Resources (TSXV: ITR; US-OTC: IRRZF) will delay an updated resource estimate for its DeLamar gold-silver project in southwestern Idaho after drill core from a step out hole nearly half a kilometre from the project's current resource assayed 2.53 grams per tonne gold equivalent over nearly 110 metres."Relative to everything we did in 2018, this one drill hole in particular is a real game ch...Read More
Russian billionaire Alexey Mordashov's mining company, Nordgold, has increased its stake in Canadian junior Columbus Gold (TSX: CGT; US-OTC) to 9.96% on a non-diluted basis and 11.18% if it were to exercise all of its warrants.The Moscow-headquartered company acquired 4.61 million units in a private placement at 20 ? per unit on January 14. Each unit consists of one common share and one-half warra...Read More
Iamgold (TSX: IMG; NYSE: IAG) expects to produce fewer gold ounces while incurring higher all in sustaining costs and total cash costs in 2019 compared to 2018, the company said in its year end production results and 2019 guidance.Iamgold produced 882,000 attributable oz. gold in 2018, achieving the higher end of its production guidance. However, the company expects its total cash costs and a...Read More
Alamos Gold (TSX: AGI; NYSE: AGI) produced 505,000 ounces of gold from its four mines in North America last year and expects a "similar rate of production" this year.The company anticipates production of between 480,000 and 520,000 ounces of gold in 2019 at total cash costs of between US$710 and US$750 per oz., down 10% from its revised 2018 guidance of US$810 per oz., and all-in sustaining costs...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSustained investment in people a big plus for consultancySPONSOREDbyrnecutJanuary in Australia is a hopeless time to get anything done. It's rather like August here in the UK, but worse.Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) on Wednesday reported record gold production in 2018 of 953,504 ounces, a figure the company says was near the top end of the revised guidance of between 920,000 and 960,000 ounces.This is the 10th consecutive year the Vancouver-based miner achieves record annual production, with output this time climbing 51%, thanks to the contribution of its...Read More
Automaker Ford has partnered up with IBM, South Korean battery maker LG Chem and China's largest cobalt producer Huayou Cobalt to test the first blockchain project to trace supplies of the metal from Democratic Republic of Congo (DRC).The pilot, overseen by multinational responsible-sourcing group RCS Global, seeks to help manufacturers ensure the cobalt they use is not linked to human rights abus...Read More
Detour Gold Corp. enjoyed a strong fourth quarter - with record output of 158,200 oz. - bringing the 2018 total to 621,128 oz. of gold. The total was 9% more than for 2017.The average mining rate was 56,594 t/d, but Q4 was even better at 305,000 t/d, making it the third consecutive quarter of improvement and the most tonnes mined in a quarter since operations began. The month of December averaged...Read More