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
Physical iron ore buying was lackluster on Thursday January 17, despite fixed-price seaborne cargoes of Pilbara Blend fines trading at higher prices.MB 62% Fe Iron Ore Index: $74.55 per tonne cfr Qingdao, up $0.24 per tonne. MB 62% Fe Pilbara Blend Fines Index: $75.20 per tonne cfr Qingdao, up $0.75 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $75.92 per tonne cfr Qingdao, down $0.13 per tonne...Read More
Serabi Gold (TSX: SBI; LON; SRB) produced a record 10,256 oz. gold in 2018's fourth quarter, propelling its 2018 gold production to 37,108 oz. gold, a slight improvement over 2017 gold production.The company processed 45,538 tonnes of run of mine ore from its Palito and Sao Chico gold mines - its highest quarterly throughput of the year - at an average grade of 7.39 grams gold per tonne, as well...Read More
Wesdome Gold Mines (TSX: WDO) expects to produce 72,000-80,000 ounces of gold this year at all-in sustaining costs of $985-$1,040 per oz. at its Eagle River mine complex in northern Ontario.The gold producer also forecasts a significant grade increase to 15.5-16.5 grams gold per tonne, compared to a reserve grade of 12.2 grams gold and a recent high of 13.3 grams gold achieved in the third quarter...Read More
BRASILIA - A retired Army officer who last year advised a Canadian company seeking to mine gold in the Amazon returned to the head of Brazil's indigenous rights agency on Thursday, vowing to improve the lives of the country's native peoples.General Franklimberg Ribeiro de Freitas had run the National Indian Foundation (Funai) until April 2018, but was fired by the previous government under pressur...Read More
Kirk Woodman, vice-president of exploration for Vancouver-based private gold explorer Progress Minerals, was found dead on Jan. 16 in rural Burkina Faso, after having been abducted a day earlier by as-yet unidentified individuals.According to a statement by Burkina Faso minister of foreign affairs Alpha Barry, Woodman was kidnapped near the village of Tiabangou at the Bira Trend exploration site...Read More
Gold mining veteran Rob McEwen is nothing if not optimistic.The founder of Goldcorp Inc. is sticking with his bold prediction that the precious metal will soar almost fourfold to $5,000 an ounce, bolstered by a weaker dollar and waning demand for trendy assets like pot stocks."Once people get over buying cryptos and biotech and cannabis stocks they're going to start looking at gold again," the chi...Read More
The Turkish billet markets remained weak over the past seven days due to limited demand, sources said on Thursday January 17.Fastmarkets' weekly price assessment for domestic billet in Turkey was $416-425 per tonne ex-works, slightly widened down from last week's $420-425 per tonne.Long steel producer Kardemir opened its domestic billet sales at...Read More
Northern Superior Resources (TSX-V: SUP) issued a press release this week stating that it is ready to move forward with both its TPK gold-silver-copper project located in northwestern Ontario and its Lac Surprise gold project located in Quebec.The Sudbury-based company said it expects to start drilling at the Ti-pa-haa-kaa-ning property, known for its initials TPK, by mid-February, following the c...Read More
West Africa-focused gold miner Avesoro Resources (TSX, AIM:ASO) said Thursday it had exceeded its 2018 full year production guidance, thanks mainly to a 44% output increase at its New Liberty mine in Liberia and despite a 4% production decline at its Youga asset in Burkina Faso.Avesoro's annual production jumped by 15% to 220,458 ounces of gold compared with 2017, with New Liberty alone churning o...Read More
Steel billet import prices and local rebar prices in Egypt were stable this week on subdued demand, sources told Fastmarkets on Thursday January 17.Fastmarkets' weekly price assessment for steel billet imported into Egypt was unchanged on Thursday at $425-430 per tonne cfr.Billet producers from the Commonwealth of Independent States (CIS) were offering material...Read More
Peter Epstein of Epstein Research discusses the strategic investment this gold explorer just received. Drilling Operations at Rozino ProjectVelocity Minerals Ltd. (VLC:TSX.V; VLCJF:OTCQB), the Bulgarian gold exploration and development company, with a strong PEA on its Rozino project, and six additional near-surface gold prospects, announced a key strategic investment by Atlantic Gold Corp. (TSX-...Read More
The company now has easy access to essential equipment it can use at a lower cost. Mining in Fiji Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release it acquired Geodrill's drilling equipment to use on its Tuvatu gold project in Fiji. The assets Lion One purchased from the Nadi, Fiji-based exploration drilling company include two diamond drill rigs, one surface and one under...Read More
This new capability will help the company develop business. SRG Graphite Inc. (SRG:TSX.V) produced its first 95% graphite samples at its metallurgical laboratory located at its Lola project in Guinea, West Africa, it announced in a news release. Following commissioning of the facility and training of the lab technicians by Quebec-based SOUTEX, the on-site team now can produce graphite concentra...Read More
A top priority now is confirming historical reports of mineralization are accurate. TerraX Minerals Inc. (TXR:TSX.V) recovered 16,000 meters of historical core from holes drilled on its Yellowknife City property, which reveal visible gold, it announced in a news release. Past drill logs for this core note that "several holes showed significant gold intersections.""Acquiring core with visible gol...Read More
The goals of this Canadian firm's ongoing drilling efforts are to define more ounces and connect zones. Liberty's Goldstrike ProjectLiberty Gold Corp. (LGD:TSX) announced in a news release results from further infill and stepout reverse circulation drilling along the southern border of its Goldstrike project in the Great Basin. These findings come from additional holes that were drilled to test...Read More
The company summarized the results of its related 2018 exploration efforts. Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) discovered high-grade gold mineralization in the Lost Ace zone of its Justin project in the Yukon, it announced in a news release. This finding came out of its 2018 exploration program at Justin, in which Aben took 19 channel and 28 chip samples from five trenches, 16 rock samp...Read More
The import price for steel billet in Southeast Asia edged down on Thursday January 17 amid lower bids from buyers who expect further price drops, although trading activity has picked up in the region this week.Fastmarkets' daily import price assessment for billet in Southeast Asia was $445-448 per tonne cfr Manila on Thursday, narrowing downward by $2 per tonne on the high end from $445-450 per to...Read More
China's ferrous futures experienced a slight uptick on Thursday January 17 across the board, with steel contracts maintaining their strength from a day earlier.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,557 yuan ($526) per tonne, up 5 yuan per tonneMay hot rolled coil: 3,464 yuan per tonne, up 16 yuan per tonne Dalian Commodity Exchange May iron ore: 513 yuan p...Read More
Morgan Stanley earnings weighed in early tradingStocks started the day in negative territory, thanks to a dismal earnings report from Morgan Stanley (MS) and reports of a potential U.S. investigation into Chinese tech firm Huawei. However, the major indexes swung higher in afternoon trading, after a Wall Street Journal report suggested the U.S. is considering lifting tariffs on China to accelerate...Read More
A few simple tools can help anyone make smarter trades.It used to take years of practice and hours of research to consistently make winning trades in the stock market, but nowadaysfinding profitable trades shouldn't have to be a full-time job. In fact, trading like a pro can really be as easy as 1-2-3, with the right tools and technology!According to one company, there's a simple recipe that can...Read More