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
Norway's massive sovereign wealth fund has increased its exposure to coal reserves even after imposing restrictions on investing in the fossil fuel that's seen as one of the main catalysts for global warming, according to a report.The findings are another illustration of how the ban, which restricts investments in companies that get more than 30 percent of their activity or revenue from coal, stil...Read More
QMC Quantum Minerals (TSXV: QMC) announced that it is currently in discussions with SGS Canada to have them run preliminary metallurgical testing on a large lithium pegmatite sample to be obtained from the company's Irgon Lithium Mine Project in southeastern Manitoba, Canada.In a press release, QMC explained that the study will be designed to produce a saleable concentrate for which there will be...Read More
A report issued by the Amsterdam-based Responsible Mining Foundation reveals that many Toronto-listed junior and mid-tier mining companies do not properly disclose environmental, social and governance information related to their mine sites in Australia, Burkina Faso, Canada, the Ivory Coast, Liberia, Mali, Mexico, Kyrgyz Republic, and Suriname.The study assessed mine-site-level disclosure by 12 c...Read More
Vancouver's Teck Resources has partnered with the World Food Program (WFP) to fund a new US$3-million pilot program aimed at improving health and economic opportunities for small scale farmers in China's Gansu Province.Teck started its Zinc and Health program in 2011.The program is aimed at reducing zinc deficiency and improve the quality of the local potato crop by providing zinc-enriched fertil...Read More
Is the price correction in gold already over?Please click here now. Double-click to enlarge. I told investors to prepare for a modest and healthy correction from the $1300 area, and that's happened.Gold hasn't even reached the first Fibonacci retracement line after staging a magnificent rally from the $1173 area. That's a sign of immense technical strength.Please click here now. Double-click to en...Read More
Freeport-McMoRan Inc.'s FCX, -13.08% profit fell in the fourth quarter as revenue fell and interest expenses rose. The company reported earnings of $140 million, down from $1.04 billion the comparable quarter a year ago. Earnings were nine cents a share, down from 71 cents a share. Analysts polled by Refinitiv were expecting earnings of 22 cents a share. Adjusted earnings were 11 cents a share, do...Read More
Is the price correction in gold already over?Please click here now. Double-click to enlarge. I told investors to prepare for a modest and healthy correction from the $1300 area, and that's happened.Gold hasn't even reached the first Fibonacci retracement line after staging a magnificent rally from the $1173 area. That's a sign of immense technical strength.Please click here now. Double-click to en...Read More
The above chart is a 20-year snapshot that covers the Gold to Silver price ratio. It measures the number of silver ounces are needed to purchase a single ounce of gold. This bellwether indicator has crossed into new territory and is currently fluctuating between 85 and 83, which is significantly higher than the normal range.Below is a 1-year chart for the Global X Silver Miners ETF, which tracks...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Thursday as prospects dimmed for a near-term resolution to U.S.-China trade talks following comments from the U.S. Commerce Secretary.Ford Motor Co. (F) rose 3.12% even after the automaker's adjusted fourth-quarter earnings missed estimates and it reported a loss of $116 million in the peri...Read More
Lead outperformed the other base metals on the London Metal Exchange on Thursday January 24, closing 2.2% higher, while both zinc and tin also gained amid continued falls in LME stocks. For lead, on-warrant metal remains at its lowest since 2009 at just above 41,000 tonnes. And in tin, persistent outflows and fresh cancelations are propelling the price higher; the exchange's total tin inventory is...Read More
Comex copper prices sank once again on Thursday morning in the United States, with persistent bearish overtones and short-covering hampering the red metal.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.60 cents to $2.6485 per lb. "Although we acknowledge that market participants prefer to adopt a cautious stance toward copper for now,...Read More
Bloomberg News/LandovFed Chairman Jerome Powell and his colleagues have stressed that they can be patient before moving interest rates any higher. Federal Reserve officials next week will continue to stress that they will be "patient," and that is largely being interpreted at this point to mean no hikes until at least June, economists said. Since the financial market turmoil after their December m...Read More
M2 Cobalt Corp and Jervois Mining Ltd are to merge in a deal that will complement the latter's ambitions in East Africa as part of its focus on the growing battery metals market. Upon completion of the deal, which has been approved by both boards, existing Jervois shareholders will own 77.9% of the new company while 22.1% will be owned by current M2 Cobalt shareholders. In late 2017, the company c...Read More
One way or another, the eventual fate of the dollar is inevitable..."Super-conservative investors purchase dollars and keep them "under the pillow, which is not very safe"Russian gold could become the perfect alternative to conservative investments in the greenback, the CEO of Russia's key trading floor, Moscow Exchange (MOEX), believes."Let's offer an alternative to the US dollar in the form of R...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday January 24 that are worth another look.An ad hoc coalition of more than 45 groups from various industries in the United States has called on President Donald Trump's administration to end the Section 232 tariffs on steel and aluminium imports from Canada and Mexico.Chinese steelmakers' narrowing margins and improvemen...Read More
Australian miner New Century Resources is delivering 14,000 tonnes of zinc concentrates on spot-market terms to Europe, the tailing reprocessing project operator said on Monday January 21.The parcel is now en route to Europe, after being sold to an existing offtake partner, according to a company statement.New Century Resources' project is the first of its kind to generate significant output from...Read More
Goldsource Mines (TSXV: GXS) closed more than 73% higher yesterday on a new, high-grade discovery at its Salbora target at the Eagle Mountain gold project in Guyana.New Pacific Metals (TSXV: NUAG) rose C26 or almost 16% as it reported 76.63m at 383g/t silver among the first batch of drilling results from its Silver Sand project in Bolivia, saying 94 of 98 holes had intercepted near-surface silver...Read More
Freeport-McMoRan expects its copper and gold production to fall over the next two years due to a long-anticipated transition of its operations in Indonesia, before improving significantly again. The Arizona, United States-based copper producer forecasts consolidated sales of around 3.3 billion lb of copper in 2019, down from 3.8 billion lb in 2018, along with 800,000 oz of gold, also down from 2.4...Read More
Vancouver, BC - Graphite One Resources Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announces that it is in the process of implementing an important next step in its corporate strategy to create an integrated graphite products company intended to create value to its shareholders. The Company intends to proceed with a name change to "Graphite One Inc." It is also announc...Read More