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
President Trump's frustration with the Federal Reserve's (minuscule) interest rate increases that he blames for the downturn in the stock market has reportedly led him to inquire if he has the authority to remove Fed Chairman Jerome Powell. Chairman Powell has stated that he would not comply with a presidential request for his resignation, meaning President Trump would have to fire Powell if Trump...Read More
Since he stopped issuing promo-tweets about ICOs (after allegedly being threatened by the SEC), one-time PC security pioneer turned crypto true believer has been relatively Continue...Read More
After two straight months of increases, existing-home sales declined in the month of December, according to data released Tuesday by the National Association of Realtors.Continue...Read More
Since the days of Deng Xiaoping, the Chinese Communist Party has maintained its absolute authority over China's roughly 1.4 billion people via an explicit social contract: the CCPContinue...Read More
In this episode, three experienced resource investors will share their first-hand testimonies regarding the Vancouver Resource Investment Conference held on January 20-21, 2019. David Erfle of JuniorMinerJunky.com, Kerry Lutz of FinancialSurvivalNetwork.com and Brian Leni of JuniorStockReview.com share their key takeaways from the conference. They discuss sentiment among both investors and CEO's a...Read More
Vancouver-based IDM Mining reports it has discovered a new zone - Lacasse - at its Red Mountain gold project 15 km east of Stewart. Underground drilling also targeted multiple zones for resource expansion, conversion and further exploration.The Lacasse zone occurs in the hanging wall of the AV zone, and it appears to be at an oblique angle to the major mineralized zones at Red Mountain. It is name...Read More
Ely Gold Royalties (TSXV: ELY) announced this week that, through its wholly-owned subsidiary Nevada Select Royalty, it has entered into an option agreement with Delamar Mining Company, a wholly-owned subsidiary of Integra Resources (TSXV: ITR), to option a 100%-interest in a group of leased lands situated in Owyhee County, Idaho.The lands belong to what is known as the War Eagle Property and they...Read More
A research report by Wood Mackenzie asserts that electrification and automation will be a key priority for global mining companies as they try to move away from fossil fuels.The document, Global Trends: What To Look For In 2019, states that to reach such a goal, major firms are employing data analytics that allow them to improve productivity and efficiency at a low cost."Building a world-class low...Read More
They say that there are no atheists in fox holes. Recently it has also become clear there are no monetary hawks in bear markets.For much of the last decade many conservative market analysts have decried our reliance on monetary stimulus to prop up the economy and the stock market. But in the final months of 2018, in the face of the worst stock market declines in a decade, many of these supposedly...Read More
South Africa-based explosives leader BME will be showcasing its African presence, expertise and technology at the 2019 Investing in African Mining Indaba from February 4th to 7th in Cape Town; it will also highlight its strengthened presence in West Africa, which is poised to become one of the top five gold-producing regions in the world."The mood is even more buoyant than it has been in previous...Read More
The domestic price for rebar in the United Arab Emirates fell this week on continued moderate demand, sources told Fastmarkets on Tuesday January 22.Domestic rebarLocal rebar producers in the UAE announced reduced prices for material due to be shipped in February on January 21. The country's largest producer, Emirates Steel, was offering rebar at 1,845 dirhams ($502) per tonne ex-works, down from...Read More
Roxgold (TSX: ROXG; US-OTC: ROGFF) expects its Yaramoko mine in Burkina Faso will produce between 145,000 and 155,000 ounces this year at cash costs of $440-$470 per oz. and all-in sustaining costs of $765-795 per oz.The company expects to have a strong year with the addition of Yaramoko's second high-grade underground mine, Bagassi South, which is expected to reach commercial production in the se...Read More
New Jersey Mining (CNSX: NJMC; US-OTC: NJMC) has intersected gold mineralization at its Paymaster Shoot in Idaho's Coeur D'Alene district grading as high as 70.3 grams gold over 0.35 metres. The company drilled both holes to extend gold mineralization down dip from exploratory holes it drilled at Paymaster in 2012.Paymaster is the next mineralized zone south of the Skookum Shoot, part of the compa...Read More
* Thousands march to protest wages at gold operations* Union hands over lists of demands* Threatens "full on strike" at firm's platinum site* Sibanye says management considering demandsJOHANNESBURG - A South African union representing just under half of all workers at Sibanye-Stillwater's platinum mine will extend a one-day strike if the company does not return to the negotiating table, its presid...Read More
Tanzania intends to cancel permits for mineral sites belonging to large-scale miners that remain undeveloped and will allocate the licences to smallholders, President John Magufuli said.The announcement comes amid a tax dispute between the state and Acacia Mining Plc, in which the government is demanding $190 billion in penalties, after claiming the company had under-declared export revenue since...Read More
There's a better potential haven than gold for investors spooked by the risk of a recession this year - mid-sized producers who've outperformed both bullion and the rest of the mining industry.Companies including Canada's Kirkland Lake Gold Ltd. and Australia's Northern Star Resources Ltd. have scope to extend gains and should be in focus for investors looking for a safe harbor, according to Joe F...Read More
Sparse trading kept China's domestic rebar prices unchanged on Tuesday January 22. Domestic Eastern China (Shanghai): 3,700-3,740 yuan ($544-550) per tonne, unchangedNorthern China (Beijing): 3,670-3,700 yuan per tonne, unchangedRebar futures dropped sharply after rising to a high of 3,700 yuan per tonne in the morning. Sellers in the spot market took the movement as a sign that traders in the fut...Read More
South Africa's Gold Fields (JSE:GFI) (NYSE:GFI) on Tuesday denied a report by Bloomberg speculating that the company wants to combine with rival AngloGold Ashanti."This article is factually incorrect and we completely disassociate ourselves with this statement," Gold Fields said in a statement.Earlier, Bloomberg published an article outlining a $8 billion tie-up quoting "a person familiar with the...Read More
With consolidation in the industry and the need to replace reserves, a small-cap explorer in Nevada could benefit. Newmont Gold announced on January 14 that it was acquiring Goldcorp Inc. for $10 billion. The merger would create the world's largest gold producer.Consolidation in the industry further picked up steam at the senior level after Barrick Gold acquired Randgold in a deal that closed ear...Read More
Full-year production at Barrick Gold's Loulo-Gounkoto mining complex in Mali, which the Canadian miner obtained as part of its merger with Randgold, fell shy of expected targets, mainly as a consequence of a week-long strike at the operation, the company said.The Mali-based operation, one of the pillars of the country's economy since Loulo went into production in 2005, produced 1.29 million gold o...Read More