The gold miners' stocks are still marching, grinding higher on balance in a solid upleg. While interest in this sector has faded since late February, it is nicely set up for a strong rally. After consolidating high and establishing a sturdy base, the gold miners are likely to soon report greatly-improved first-quarter results. Couple that with gold itself powering higher, and the slumbering...Read More
Investors seeking access to outsized returns should look no further than exploration and development stage precious metals miners. There is a long-established history of those with quality properties, high ore grades, considerable exploration upside and a little bit of luck exploding in value as the market recognizes their earning potential.While many smaller precious metals miners will succumb to...Read More
Every now and then, a stock comes along that has the potential to outstrip the whole of the TSX index. It could be a weed stock, an oil stock, or an outperforming tech stock. Today we'll take a look at a silver stock with the potential to reward traders with some serious upside. It may be going cheap at the moment, but let's take a look at why that might be about to change.Great Panther Silver (TS...Read More
Indian state copper miner Hindustan Copper is in the initial stages of an $800 million expansion program, Resources Monitor reported Tuesday.Currently, Hindustan produces around 40,000 tonnes of copper per year, but the company plans to increase production to around 200,000 tonnes by 2025.Construction is underway at a major new underground mine in the state of Madhya Pradesh, according to Resource...Read More
With its second binding offtake agreement in two weeks, Walkabout Resources (ASX: WKT) has secured the sale of 75% of its large flake graphite concentrate for the first three years following the start of production at its Lindi jumbo graphite project in southeastern Tanzania. By Tuesday afternoon, the company's shares had climbed over 8% on the ASX.Under an agreement announced that morning, Walkab...Read More
Recent drilling by Frontier Lithium (TSXV: FL) at its Spark pegmatite lithium zone, part of its 69 sq. km PAK lithium project in northwestern Ontario, has confirmed the zone continues at depth.The company drilled 1,340 metres across five holes at the Spark pegmatite in February 2019. All five holes intersected significant spodumene pegmatite.The company has only received assays for one of the hole...Read More
Wenco International Mining Systems, a subsidiary of Hitachi Construction Machinery, will unveil Hitachi's new global vision for autonomous mining systems at the CIM 2019 convention, running April 28 to May 1 in Montreal.A major provider of equipment and data systems to the global mining marketplace, Hitachi has long held a position of leadership in the industry's approach to digitization, technolo...Read More
The exploration team of Great Bear Resources has won the Bernie Schnieders Discovery of the Year Award for finding high grade gold zones at its Dixie property near Red Lake, Ontario, Canada.The company recently drilled its Dixie Hinge zone, intersecting 30.15 g/t gold over 7.3 metres, 130.49 g/t over 1.5 metres, 11.72 g/t over 4.0 metres and 50.72 g/t over 0.5 metre in a single hole.The award was...Read More
The gold miners' stocks are still marching, grinding higher on balance in a solid upleg. While interest in this sector has faded since late February, it is nicely set up for a strong rally. After consolidating high and establishing a sturdy base, the gold miners are likely to soon report greatly-improved first-quarter results. Couple that with gold itself powering higher, and the slumbering...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average tumbled on fears of a U.S.-EU trade war and the IMF's prediction of continued slowing global economic growth. Apple (AAPL - Get Report) climbed after analysts at Wedbush raised the tech giant's price target to $225 from $215 and maintained their outperform rating on the stock. Walt Disney (DIS - Get...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 9.Please click...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday April 9, with a dip in the dollar index below the psychological level of 97 doing little to prompt rallies, while stock inflows continue push prices lower. Despite trading comfortably above $6,500 per tonne for much of the day, copper's three-month price closed $13 per tonne shy of the psychologica...Read More
When it comes to investing in precious metals, everyone's thought goes straight to gold. However, you may be surprised to find out that at this point, gold might not be the best precious metal to invest in this year.Right now, gold costs $2,298 per ounce, making it relatively expensive. Furthermore, considering that the sales in China and India have gone down, you could say that gold is slowly (bu...Read More
Soci?(C)t?(C) Generale will close its proprietary and over-the-counter (OTC) commodities business including its metals trading, as part of a global cost cutting exercise involving 1,600 job losses, the company said on April 9.The French bank is a category I London Metal Exchange dealer and plans to continue this activity through its brokerage arm Newedge Group, informed sources confirmed to F...Read More
"They may try to run this poor thing straight up and over a cliff. Recall the 2000 top was in March but they briefly ran it back in Sep 00. Ditto in Oct 07. When warning signs are ignored, the endings are abrupt. Maintain safety nets, but don't assume stupidity has limits." - John HussmanBefore I saw that quote from Hussman on Twitter, I was contemplating how the trading patterns this year in bond...Read More
Freeport-McMoRan is moving ahead at "full throttle" with plans to develop a new smelter in Indonesia in partnership with state-owned PT Indonesia Asahan Aluminium (PT Inalum), the chief executive officer of the US copper producer said.The smelter is part of a package agreed by the company and the government, ending several years of negotiations over the fate of Freeport's activities in Indonesia,...Read More
Sustainability is an essential factor in mining or corporations run the risk of serious economic and reputational damage, Codelco chief executive officer Nelson Pizarro said. The world looks at the mining industry very negatively when there are disasters such as landslides, wall collapses and tailings dam breaches, he said at CRU's 18th World Copper Conference in Santiago, Chil...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 9, 2019 Chinese economic growth is probably the main driver of both physical gold demand and the global bull market in stocks. Please click here now. I’m invested in China through ETFs, bank stocks, and... gold! With the possible exception of HSBC, most analysts in the West a...Read More
The company claims to be increasingly confident of development, and will appoint financial and legal advisors in the coming weeks to help it assess strategic and financing options emerging fromRead More
The world will need the same amount of copper over the next 25 years that it has produced in the past 500 years if it is to meet global demand, according to the head of copper at global miner Rio Tinto.Arnaud Soirat, chief executive officer of the mining company's copper and diamonds division, said that consumption of copper arising from what he termed the "electrification of everything" made the...Read More