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
Core from a quartz arsenopyrite breccia vein in the Central structure of the 3 Aces project. (Image: Golden Predator Mining)YUKON - Golden Predator Mining Corp. of Vancouver says its 2018 drill program at the 3 Aces gold project successfully extended the mineralization in the Hearts zone. Continuity has been confirmed 500 metres down dip and 220 metres along strike from the zone's discovery outcro...Read More
BRITISH COLUMBIA - Wildsky Resources of Vancouver and Margaux Resources of Calgary have signed a letter of intent covering Wildsky's Cassiar gold project 105 km south of Watson Lake. Wildsky will grant Margaux an option to acquire all of the common shares of Cassiar Gold Corp., a subsidiary of Wildsky.Margaux will issue 58.2 million common shares to Wildsky at a deemed price of $0.08 per share for...Read More
What happens when a geologist and an author whose chief interest is California's Silicon Valley get together to take a look at the United States' dependence on foreign supplies of critical minerals? The result is a long hard look at how our southern neighbour failed to take advantage of its mineral resources. Instead the authors say that the reliance on foreign supply has created a national securi...Read More
The price of ammonium paratungstate (APT) fell in China last week although the concentrates market edged up on tightening availability ahead of Lunar New Year. APT price falls in China; European price unchanged Concentrates price edges up on tightening supply in China Ferro-tungsten price in China moves down amid limited buying activity Fastmarkets MB assessed the fob China ammonium p...Read More
A former CEO of the Mining Association of British Columbia has withdrawn from providing a keynote address January 26 to mining students at the University of British Columbia (UBC), after the Alberta Securities Commission implicated his company in a widespread share distribution scandal.This week, Michael McPhie, a prominent voice and advocate for the province's mining sector, told Scott Dunbar, he...Read More
The negative effects of trade disputes on global growth this year will push down demand for base metals and steel-making commodities, while the economic uncertainty will drive gold prices higher, CIBC says."CIBC economists are not forecasting a recession in 2019, but we expect increasing trade barriers and tariffs to slow down global growth over the next 18 months, delaying our previously forecast...Read More
Prospero Silver (TSXV: PSL; US-OTC: PSRVF) has begun phase two drilling at its Pachuca SE project in Hidalgo State, Mexico, shortly after Fortuna Silver Mines (TSX: FVI; NYSE: FSM) exercised its option to acquire up to 70% of the project in late 2018. Fortuna can earn its interest in Pachuca SE by spending US$8 million on the project, including at least US$1 million in the first year, and completi...Read More
Gold giant Barrick (TSX:ABX)(NYSE:GOLD) said Monday that while it continues to engage with the Zambian government and community stakeholders about a mutually-beneficial way forward for its Lumwana copper mine, it would consider selling the operation given the "challenging conditions" it's facing.Barrick said finding a win-win solution between the industry and government would increase investor con...Read More
Australian copper junior MOD Resources (LON:MOD) rejected on Monday fellow rival Sandfire Resources' (ASX:SFR) A$88 million ($63m) all-share takeover offer saying it undervalued the firm and its assets.The exploration and development company, which focuses on copper projects in the central and western Kalahari Copper Belt in Botswana, noted it was willing to engage with its suitor if it came back...Read More
A BMO Capital Markets report detailed this miner's quarterly production of each metal and how those figures stacked up against estimates. In a Jan. 17 research note, analyst Edward Sterck with BMO Capital Markets reported that South32 Ltd.'s (S32:ASX) "Q2 FY19 production results came in above our forecasts on average, but are likely to be offset by weaker-than-expected received prices."Production...Read More
The Critical Investor profiles a company that he believes is "one of the more remarkable gold exploration stories around." Former Idaho-Maryland Mine, Nevada County, California1. IntroductionAfter a year which saw not a lot of enthusiasm in the mining sector to put it mildly, topped off by a resulting brutal tax loss selling season, sentiment for mining and gold in particular seems to be recoveri...Read More
The 10-week moving average of bearish sentiment just revisited November 2012 territoryWhile the stock market has shown some serious strength in the process of snapping back from the Christmas Eve closing lows, the collective mood among investors and consumers has been somewhat less resilient. On Friday -- as the S&P 500 Index (SPX) was in the process of collecting a second consecutive close back a...Read More
- "Something wicked this way comes" warns John Mauldin- Shaky China: Chinese landing could be harder than expected- Brexit and EU Breakage: "I have long thought the EU will eventually fall apart"- Helpless Europe: If Germany sneezes, their banks & the rest of continent catches cold- We may see "yellow vests" spread globally: Economics is about to get interesting ...by John Mauldin via Thoughts...Read More
Last week we discussed the difference between a rally and bull market. Gold stocks have been in a rally. That rally is now over as gold stocks peaked at their 400-day moving averages days ago and sliced through their 200-day moving averages Friday.Take a look at the charts of any gold stock index (GDX, GDXJ, HUI) and it’s clear they are in a downtrend. Go back two to three years. You’l...Read More
Turkey produced 37.311 million tonnes of crude steel in 2018, a 0.56% decrease compared with 2017, according to the Turkish Steel Producers Association (T???oeD).In December 2018, crude steel production in the country was 2.9 million tonnes, a 11.04% year-on-year fall compared with 3.26 million tonnes produced in December 2017, the T???oeD said last week.The decrease in Turkish crude steel product...Read More
China's ferrous futures largely declined during morning trading on Monday January 21 amid the release of industrial data by the National Bureau of Statistics (NBS). Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,644 yuan ($538) per tonne, down 9 yuan per tonneJanuary hot-rolled coil: 3,520 yuan per tonne, down 5 yuan per tonneDalian Commodity Exchange January iron...Read More
China's crude steel output rose to a new high in 2018 on healthy profit margins among mills and growth in downstream demand.The world's second-largest economy produced a total of 928.26 million tonnes of crude steel last year, the National Bureau of Statistics (NBS) said on Monday January 21. The bureau said this is up 6.6% from that in 2017.Chinese mills produced 1.11 billion tonnes of finished s...Read More
The base metals complex showed mixed results in afternoon trading on Monday January 21, with London Metal Exchange-three month prices for copper, aluminium and nickel failing to live up to last week's universal closing rally.The focus of the market remains on China's fourth-quarter data, which showed a further slowing of the economy at the end of 2018, with gross domestic product (GDP) growing by...Read More
Turkey produced 37.311 million tonnes of crude steel in 2018, a 0.56% decrease compared with 2017, according to the Turkish Steel Producers Association (T???oeD).In December 2018, crude steel production in the country was 2.9 million tonnes, a 11.04% year-on-year fall compared with 3.26 million tonnes produced in December 2017, the T???oeD said last week.The decrease in Turkish crude steel product...Read More
Domestic scrap prices in Turkey have increased over the past week, in line with the firmer costs for imported scrap, sources said on Monday January 21.Fastmarkets' weekly price assessment for domestic auto bundle (DKP-grade) ferrous scrap was TRY1,450-1,630 ($272-305) per tonne delivered on January 21, widening upward from TRY1,450-1,590 per tonne last week.The change in the assessment came after...Read More