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
While silver has followed gold higher in recent weeks to be up by 3% since the start of 2019 and trading at around US$16 an ounce, many primary silver miners have failed to rally. Pan American Silver Corp. (TSX:PAAS)(NASDAQ:PAAS), which recently completed the takeover of Tahoe Resources Inc., is down by 3% over the same period, creating an opportunity to acquire the world's premier silver miner at...Read More
Whether it was a premeditated move by CEO Mark Bristow to launch Barrick's hostile bid only a couple of hours before Newmont's outgoing boss Gary Goldberg was scheduled to speak to a select group of investors isn't clear.What is apparent though is that the outgoing Newmont CEO came prepared for such an eventuality by opening his presentation at the BMO Capital Markets mining conference in Hollywoo...Read More
OceanaGold (TSX: OGC; US-OTC: OCANF) has tabled a maiden resource at its WKP gold prospect, 10 km north of its Waihi gold mine in New Zealand.WKP's East Graben vein contains 410,000 indicated tonnes grading 18 grams gold and 22.7 grams silver for 234,000 oz. gold and 296,000 oz. silver. Its East Graben vein and T-Stream veins also contain 1.05 million inferred tonnes at 11.9 grams gold and 16.8 gr...Read More
Mining Stocks BookA review on the e-book Mining Stocks Guide.Mining Stock Investment Guide ReviewNew to the Sector? This is the Resource You've Been Looking ForThe Mining Stocks Investor Guide (MSIG) is a must-read for those who are new to the mining sector. In fact, in all my reading I haven't found another book that summarizes each of the primary topics associated with mining stocks investment l...Read More
The gold miners' stocks surged strongly last week, blasting to new upleg highs. The mounting gains are naturally driving more interest in this small contrarian sector, shifting sentiment towards bullish. Despite their accelerating rally, gold stocks still remain fairly low technically and deeply undervalued relative to gold. So their strengthening upleg likely has plenty of room to run consi...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average trimmed its gains to close modestly higher Monday after Donald Trump said he would delay increasing tariffs on China-made goods.General Electric Co. (GE) will sell the biopharma portion of its life sciences business to Danaher Corp. (DHR) for $21.4 billion in cash. GE shares jumped 6.4%. Swiss p...Read More
The No. 2 copper scrap discount for China has widened notably in February mainly on increased scrap availability after a rebound in the copper price, while the industry is still lobbying with the government to avoid a total scrap ban that could happen as soon as 2021.Fastmarkets assessed the discount for birch and cliff scrap of 94-96% copper content on a cif China basis at 28-34 cents per lb this...Read More
PI Financial's Chris Thompson and Philip Ker say investors should watch for a potent reversal and widening of the gold-to-silver ratio to historic highs (roughly 86:1) which will favour accumulating select silver-focused stocks over gold stocks.2019 should be a good year for Canadian gold and silver stocks. Investor sentiment for precious metals mining stocks improved in 2018's fourth quarter, led...Read More
Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Monday February 25, with investor attention diverted amid a more than 2% tumble in oil futures over the afternoon, while US-China trade talks continue to act as a strong tailwind for prices. Leading the complex higher over the afternoon, the three-month tin price increased by more than 1% over the...Read More
A flurry of fresh cancellations in LME copper this month has left market participants questioning the metal's depleting exchange inventories.Declining London Metal Exchange stocks have seen copper's three-month price surge above $6,500 per tonne this morning, its highest level since July 2018. Stock movements have predominantly taken place across US locations in February, allowing t...Read More
(Adds Newmont CEO interview comments)By Ernest ScheyderHOLLYWOOD, Fla., Feb 25 (Reuters) - Barrick Gold Corp's chief executive defended the world's largest goldproducer's hostile $18 billion bid for Newmont Mining Corp , saying on Monday the deal is "logical" for an industrybattling high costs and depleting resources.Barrick, which recently completed a $6.1 billion acquisitionof Africa-f...Read More
Bob Moriarty ArchivesFeb 25, 2019An old friend of mine from Gold Standard, Ltd, named Jonathan Awde contacted me recently and wanted me to look into a company he had helped form named Barksdale Capital (BRO-V) with a Tier 1 copper project in the south of Arizona. That sorta rolls off your tongue, doesn’t it? And sounds pretty rich.Readers may be familiar withSouth32, a billion dollar mining...Read More
Prices in China for imports of 37% manganese ore fell over the week ended Friday February 22, with some buyers resisting recent rises in offer prices.Low-grade ore price fallsHigh-grade ore price ticks upwardUS prices of FeMn 78% and SiMn edge upwardSiMn price in China fallsAlloy prices stable in Europe and India.Fastmarkets' index price for 37% manganese ore, cif Tianjin, fell by $0.13 per dry me...Read More
A wave of restocking by Chinese ferro-chrome producers has prompted a jump in UG2 chrome ore prices. UG2 chrome ore prices rise in China Spot domestic ferro-chrome prices edge up in China Alloy prices hold up in Japan, South Korea Alloy prices inch higher in Europe US prices stable amid inactivity.UG2 chrome ore prices jumped in China on Friday February 22 amid a wave of restocking by domestic fer...Read More
Titan and Core have budding gold assets in Peru and Ecuador, respectively, with the merger deal contingent on Titan's raising of a minimum of A$20 million in new equity (at the time of deal closure),Read More
Alrosa sold 121 rough stones totalling 1,950ct to 31 firms.It did not provide any other details but said there was participation from firms in the UAE, India, Belgium, Israel, Hong Kong, Russia and the US.Member of the management board and director of the United Selling Organization at Alrosa Evgeny Agureev said the company had been cooperating with the Dubai Diamond Exchange on industry issues si...Read More
Nyrstar's non-executive director Jes??s Fernandez has resigned his post in order to represent its major shareholder Trafigura in restructuring talks, the company said today February 25.Fernandez, who is Trafigura's head of mergers and acquisitions has been a board member since April 2016."Fernandez and Trafigura have agreed with Nyrstar that it would promote clarity around that process...Read More
The Chinese antimony market remained quiet amid sparse buying interest during the week ended Friday February 22.Fastmarkets assessed the price for MMTA standard-grade II antimony, delivered duty-paid in China, at 48,500-49,500 yuan ($7,231-7,380) per tonne on February 20, unchanged since January 16.The Chinese antimony market has shown limited trading activity since downstream consumers maintained...Read More
Ausdrill has a potential war chest of about A$375 million to make some bolt-on acquisitions in the surface mining contracting space or build its own surface mining arm should it choose to.Read More
Key data from the pricing sessions in London and Shanghai on Friday February 22.ChinaKey drivers- The Chinese silicon fob export price held steady while exporters wait for Japan's quarterly tenders in the days to come.- A lot of off-grade silicon has flowed into the spot market, but considering the quick appreciation of the yuan, most traders are keeping their offers unchanged for the time being t...Read More