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
Yamana Gold's (AUY) stock rebounded 4.65% in after-hours trading on Thursday after the miner announced Q4 and FY 2018 results. During regular trading hours, Yamana closed down 1.1% in line with the weaker overall market.Yamana's gold equivalent ounce production for the fourth quarter was 310,369, including 270,193 ounces of gold and 3.26 million ounces of silver. Total Yamana gold production...Read More
Executive Chairman Ivan Bebek and his team at Auryn Resources have already built and sold two successful exploration companies. But now they are convinced that they are on the cusp of two potential world-class discoveries that will far exceed their previous successes. In this interview, Ivan shares how Auryn assembled a top-notch technical and management team who have been able to locate and n...Read More
Energy, materials, and financials are arguably the big three defensive sectors on the TSX index when it comes to investing in stocks for passive income. Below are three stocks that represent a combination of good value for money and decent dividends from these three sturdy sectors, incorporating a Bay Street banker, an energy super-stock, and a bargain gold miner.Bank of Nova Scotia (TSX:BNS)(NYSE...Read More
Iron ore mining giant Vale (NYSE:VALE) issued a statement Friday advising that there was a fire in one of the transfer houses of the belt conveyor system at its distribution center in Malaysia.The fire reportedly caused material damage only and the company expects operations to resume in 10 to 15 days.Vale expects reduced impact on its shipments, since a 10-day preventive maintenance was alr...Read More
If you're a brave investor, take a look at Detour Gold Corporation (TSX:DGC).Over the past decade, shares have tripled four times. Each time, the stock returned to its former lows, but when conditions are right, opportunistic investors can make a hefty return in less than 12 months.Currently, Detour Gold stock is trading close to a four-year low. Are shares ready to triple yet again?Rolling the d...Read More
Methanex (TSX:MX)(NASDAQ:MEOH) is the world's largest producer of methanol. With a 14% market share, Methanex is nearly twice as large as its nearest competitor.As with any commodity, scale matters. Methanex is one of the only companies with both a global production base and an international list of clientele. It also can afford a dedicated tanker fleet that allows it to respond to changing mar...Read More
Kinross Gold's (TSX: K; NYSE: KGC) shares were up 6.25% on Friday, after reporting Q4 results this week. The company produced 2.45 million gold-equivalent ounces last year, with record production from its Paracatu mine in Brazil and its Bald Mountain mine in Nevada, and forecasts company-wide production this year will be similar to 2018.The company reported an attributable all-in cost per oz. s...Read More
According to Benchmark Mineral Intelligence, there are now 70 lithium-ion battery megafactories under construction across four continents, 46 of which are based in China, with only five currently planned for the U.S.Simon Moores, managing director for Benchmark Mineral Intelligence, recently testified before the U.S. Senate Committee on Energy and Natural Resources.Moores last testified in October...Read More
Africa-focused gold miner Centamin (LON:CEY) (TSX:CEE) said Friday that drilling activities at its Doropo licence in C??te d'Ivoire resulted in more than double the mineral resources estimated for the area, which remains largely underexplored, with numerous targets identified.The Doropo mineral resource grew to 2.13m ounces at 1.31 grams per tonne of gold in the indicated category, up 58% from la...Read More
Monarch Gold (TSX: MQR) resumed diamond drilling at its wholly-owned Croinor Gold property, where activities were suspended following a winter freeze that affected Quebec's Val-d'Or region.In a press release, the Canadian company said the purpose of the current 1,750-metre campaign is to finish the 2018 drilling program and to drill high potential targets.Monarch said that before it was suspended,...Read More
Silver One Resources (TSXV: SVE) reported this week that it started drilling at its Pe??asco Quemado project located in northern Sonora, Mexico.In a press release, Silver One explained that the 1,000-metre diamond drilling program is based on the strength of the soil geochemical anomalies near to a historically defined manto or replacement-style silver resource."The property hosts geological simil...Read More
Executive Chairman Ivan Bebek and his team at Auryn Resources have already built and sold two successful exploration companies. But now they are convinced that they are on the cusp of two potential world-class discoveries that will far exceed their previous successes. In this interview, Ivan shares how Auryn assembled a top-notch technical and management team who have been able to locate and n...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose sharply Friday after the blue-chip index declined in the previous session, snapping a four-day winning streak. PepsiCo Inc.'s (PEP) fourth-quarter earnings largely were in line with analysts' forecasts, but the soda and snacks maker said 2019 earnings would fall as the company bo...Read More
Section 232 tariffs on aluminium and steel raised $3.6 billion in their first nine months, and revenues for the last two months are likely to push that figure up by around another $1 billion, US government data shows.That figure would be enough to cover the shortfall in funding sought by United States President Donald Trump for border security. In other words, aluminium and steel tariffs could fun...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Base metals prices on the London Metal Exchange were higher across the board at the close of trading on Friday February 15, with market sentiment continuing to improve amid US-China trade talks, while participants continue to short-cover after last week's price rally. Climbing furthest over the afternoon, zinc futures closed above $2,600 per tonne and continued to trade in a volatile trend after s...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Adam HamiltonArchivesFeb 15, 2019 The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold mi...Read More
More copper concentrates from the Democratic Republic of Congo (DRC) could be diverted after ERG suspended its Chambishi copper smelting facility in Zambia, multiple market sources said. ERG told Fastmarkets on Thursday February 14 of its decision to halt the 55,000 tonne-per-year Chambishi copper operation following the implementation of the 5% import duty on cobalt and copper concentrates i...Read More
A fire at Korea Zinc's Onsan smelter has been contained and deliveries are set to continue as usual, two sources at the company told Fastmarkets.The fire, which lasted for around half an hour, took place in the plant's power transformer, according to local daily newspaper JoongAng Ilbo.London Metal Exchange three-month zinc futures have risen 1.4% from yesterday's close to $2,591 per tonne as of 9...Read More