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 study projects a $752 million net present value and an 87% internal rate of return. Los Filos MineLeagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) announced in a news release that a "very positive," independent feasibility study for its Los Filos mine expansion is finished. The mine is located in Mexico.The study results and NI 43-101 technical report are based on $30 million of exploration work...Read More
Prices for steel billet in most global regions softened in the week ended Friday January 18, because of low demand and the weak performance of the long steel markets.But reduced availability from the Commonwealth of Independent States (CIS) improved price expectations in some buying regions, such as Turkey.CISBillet prices from the CIS region remained unchanged last week, with mills trying to incr...Read More
Here are five Fastmarkets MB stories you might have missed on Friday January 18 that are worth another look.Growing optimism over the outlook for a trade agreement between the United States and China has led to a stronger tone across risk markets, including those for metals. Legislation that would delay the imposition of additional Section 232 tariffs on automobiles and automotive parts...Read More
The seasonally positive time period between January 15 and April 09 brought about a silver rally in 11 of...by Dimitri Speck via Zero HedgeCommodities as an AlternativeOur readers are presumably following commodity prices. Commodities often provide an alternative to investing in stocks - and they have clearly discernible seasonal characteristics. Thus heating oil tends to be cheaper in the summer...Read More
Pancontinental Resources (TSXV: PUC) entered into a binding letter of intent with Pelangio Exploration (TSXV: PX) to acquire up to a 75% interest in the Strachan Ni-Co-Cu project, located 65 kilometres northwest of Timmins, Ontario.Strachan covers 2,280 hectares within the Montcalm Greenstone Belt and sits approximately 5 kilometres south of Pancon's Gambler project, 10 kilometres east of Pancon's...Read More
Chile's President Sebasti??n Pi??era announced this week the appointment of Robert Mayne-Nicholls as the new Vice President of the National Mining Company, known for its initials in Spanish Enami.Enami is the state-owned mining development corporation that supports small and medium-sized mines with technical and financial support and by buying and processing their mineral. Up until December 2018,...Read More
RAPAPORT... Recovery of lower-grade ore at Rio Tinto's Argyle and Diavikmines led to a 15% drop in the company's production to 18.4 million carats in 2018.Output at the Argyle asset in Australia slid 18% to 14.1 million carats for the full year, Rio Tinto reported Friday. In 2017, operational performance at the mine was enhanced by the processing of higher-grade alluvial tailings, the co...Read More
RAPAPORT... Luk Fook's same-store sales dropped 10% in the third fiscal quarteramid economic weakness in greater China. The depreciation of the Chinese yuan against the Hong Kong dollarled customers to purchase cheaper products in the three months ending December31, the retailer said Thursday. Luk Fook, one of Hong Kong's largest jewelers, derives asignificant proportion of its revenue from...Read More
RAPAPORT... Alrosa has appointed Rebecca Foerster as president of its US operations, a role in which she will work on developing the miner's polished sales in the country. Foerster, who was previously executive vice president of strategic planning and marketing for Leo Schachter Diamonds, will also oversee the miner's US-based customer service. "Ms. Foerster has a wealth of experience in co...Read More
RAPAPORT... Sales at Tiffany & Co. fell during the holiday season, amidreduced spending by Chinese tourists, while economic uncertainties affecteddemand in the Americas and Europe. "Overall holiday sales results came in short of ourexpectations, which had called for modest year-over-year growth," Tiffany CEOAlessandro Bogliolo said Friday. Global sales slipped 1% to $1.04 billion for the...Read More
(IDEX Online) - The winter edition of the Vicenzaoro show opened on Friday, with the overarching theme being 'sustainable creativity'. Ugo Ravanelli, the Managing Director of the organizer, the Italian Exhibition Group, said that sustainable creativity is no longer a trend but the direction in which the whole sector is heading. "At Vicenzaoro, we will be dealing with the theme in...Read More
(IDEX Online) - The 5th Mediterranean Gem and Jewellery Conference will take place in Limassol, Cyprus, following the success of the four previous conferences. The Limassol meeting will take place on May 17-19 following the previous conferences in Greece in 2015, Spain in 2016, Italy in 2017 and Montenegro in 2018 The participants came from 25 countries in 2018, from a range of fiel...Read More
RAPAPORT... Stornoway Diamond Corporation's sales fell in the finalthree months of last year as weakness in the Indian market dented prices oflower-value rough from its Renard mine in Canada. Fourth-quarter proceeds dropped 35% to CAD 32.1 million($24.2 million), the company reported last week. "While the pricing of higher-quality goods and specialsremains strong, certain categories of lower-qual...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25Tabeart, the former senior WMC executive who's headed PolarX for the past 18 months, is confident investors will get a higher definition view of the upside at Alaska Range in the coming months as the company adds high-value data to its exploration and resour...Read More
Here are five Fastmarkets MB stories you might have missed on Friday January 18 that are worth another look.Growing optimism over the outlook for a trade agreement between the United States and China has led to a stronger tone across risk markets, including those for metals. Legislation that would delay the imposition of additional Section 232 tariffs on automobiles and automotive parts...Read More
Two decades ago, Anglo American Plc created the world's No. 1 gold miner by merging its South African assets. Having long since been eclipsed by its rivals, AngloGold Ashanti Ltd. may need to leave home to keep up.Newmont Mining Corp. and Barrick Gold Corp. have forged mega deals that will extend their lead over AngloGold. Saddled with Mponeng, the world's deepest mine in a dying South African ind...Read More
Warren Buffett's Berkshire Hathaway Inc has signed an agreement to allow extraction of lithium from its geothermal wells in California, a project that could offer U.S. carmakers and battery producers a secure supply of the metal, the Financial Times reported on Sunday.The venture has been in talks to supply Tesla Inc with lithium, a component for batteries to power electric cars, the newspaper rep...Read More
Years late and massively over-budget, Europe's first EPR nuclear plants in Finland and France are on the verge of "energizing", as the sector jargon goes...Read full newsRead More
Wondering why stocks are soaring?Simple really - Global Central Bank balance sheets are soaring again...Read full newsRead More
...despite a surge in renewable energy investment since 2004, when the world spent less than US$62 billion on cleaner energy, as global energy demand grew, so did the consumption of fossil fuels...Read full newsRead More