is pleased to announce that the final drill holes in the winter drilling campaign have intersected intervals of strong radioactivity associated with pitchblende uranium mineralization at the Hurricane zone. The Hurricane zone is a new discovery of high-grade uranium on the Company's 100% owned Larocque East Property in the eastern Athabasca basin region of Saskatchewan (Figure 1), home to the worl...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
By: IRA EPSTEINFOMC today - Fed dot plot will be a focus. Gold stocks need to be careful here, can turn bearish..Copper options at an all-time record:Read More
By: Stewart Thomson, Graceland Updates 1. The next US central bank announcement is tomorrow, and whatever happens is win-win for gold.2. If the Fed surprises most analysts and hikes rates, the stock market probably crashes, and gold stocks rally strongly. 3. If the Fed does nothing and makes another statement that QT could end this year, the stock market likely rallies a bit and...Read More
If you've been waiting for Mr. Market to spring the Mother of All Bull Traps, check out today's chart. What a beauty this picture will be if Monday's sharp reversal turns out to be the start of The Big One. Granted, odds of getting the timing of so important a peak exactly right will always be against technical swamis. But the chart has enough going for it that permabears could be forgiven for...Read More
Key data from the Wednesday March 20 pricing session in Europe.Key driversThe European ferro-titanium market has hit a five-month high in the past week, with the rally showing no signs of abating while suppliers struggle to keep up with demand. There is renewed consumer demand for prompt shipment and buying inquiries for second-quarter deliveries. The run-up in prices is set to persist, with $6 pe...Read More
Key data from the Wednesday March 20 pricing session in Europe.Key driversThe European ferro-titanium market has hit a five-month high in the past week, with the rally showing no signs of abating while suppliers struggle to keep up with demand. There is renewed consumer demand for prompt shipment and buying inquiries for second-quarter deliveries. The run-up in prices is set to persist, with $6 pe...Read More
Turkish steel producers have continued to stay back from the deep-sea scrap markets due to sluggish demand for finished steel and the firmness of the offers from scrap merchants, sources said on Wednesday March 20.Offers for HMS 1&2 (80:20) grade material from the United States remained at $330 per tonne cfr, but mills were not willing to pay such high prices, Fastmarkets was told.Besides, the wea...Read More
Gold futures ended higher Tuesday, finishing above $1,300 an ounce for a third straight session, as traders looked to a two-day Federal Reserve meeting that's expected to see policy makers maintain a dovish stance. April gold GCJ9, +1.07% on Comex rose $5, or 0.4%, to settle at $1,306.50 an ounce-the highest finish for a most-active contract since the month-to-date high on March 13. May silver SIK...Read More
The uranium-rich Athabasca Basin of northern Saskatchewan. Source: Azincourt Energy Corp.Azincourt Energy Corp. [AAZ-TSXV; AZURF-OTC], said Wednesday March 20 that it has launched a Phase one drilling program at its East Preston uranium project in the western Athabasca Basin of northern Saskatchewan.Azincourt is currently earning towards a 70% interest in the 25,000-hectare Eastern portion of the...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, March 20 (Reuters) - Zinc prices rose on Wednesdayas inventories in London Metal Exchange warehouses hit freshlows, but other industrial metals dipped on uncertainty overglobal demand.Low inventories of many metals in LME-registered warehousesare helping to bolster prices despite weak economic data fromtop metals cons...Read More
IAMGOLD'S Westwood gold mine 40 km east of Rouyn-Noranda, Quebec. Source: IAMGOLD Corp.IAMGOLD Corp. [IMG-TSX; IAG-NYSE] said Wednesday March 20 that the workforce at its Westwood Gold Mine in Quebec will be reduced by 32%, through a process which commenced this week.The decision results from both planned reductions due to the stage of mine development as well as realignment reductions due to the...Read More
Core Gold's Portovelo CIP processing plant in Ecuador. Source: Core Gold Inc.Core Gold Inc. [CGLD-TSVV; CGLDF-OTCQX] has clarified the circumstances surrounding the recent termination of its former President and CEO Keith Piggott, for cause. The company said in press release it was issuing the clarification in response to stakeholder inquiries.Core said Piggott was initially put on notice by the c...Read More
Three-month base metals prices on the London Metal Exchange were for the most part firmer this morning, Wednesday March 20.The exceptions were copper and tin prices that were both down by 0.1%, with copper at $6,454 per tonne, compared with $6,459 per tonne at Tuesday's close. The rest were up by between 0.2% for aluminium and 0.6% for both zinc and lead. Volume was average, with 6,563 lots traded...Read More
Australian lithium miner Neometals on Monday March 18 completed the sale of its 13.8% equity interest in the Mount Marion lithium project in Western Australia to co-shareholders Ganfeng Lithium and Mineral Resources Ltd.Ganfeng and Mineral Resources now each own a 50% stake in the project, after paying A$103.8 million ($73.66 million) for Neometals' equity interest.The agreement includes a binding...Read More
U.S. Gold Corp. (NASDAQ: USAU) is a U.S. focused junior gold exploration and development company with two flagship assets: The Copper King gold-copper-silver-zinc project located in Southeast Wyoming, and the early stage Keystone exploration property on the Cortez Trend in Nevada, 10 miles south of Barrick Gold's Cortez Hills Mine. We learned from Edward Karr, President, CEO and Director of U.S. G...Read More
When it comes to investing in oil, I know it's easy to get caught up in the excitement.Imagine being witness to one of the famous Texas gushers from the early 20th century.The Lucas Gusher, which spewed hundreds of thousands of barrels over 150 feet into the air at Spindletop, is the stuff of legend and has become an indelible image in our history books.But if you think those Texas oil booms are a...Read More
At PDAC 2019, we learned from Mark Jarvis, President and CEO of Giga Metals Corp. (TSX.V: GIGA, OTC: HNCKF, FSE: BRR2), that they are currently advancing their world class Turnagain nickel-cobalt project to the pre-feasibility study stage. Giga Metals recently sold a 2% NSR on future cobalt and nickel production at the Turnagain Project to Cobalt 27 Capital Corp. (TSX.V - KBLT) for US$1 million in...Read More
Chinese hot-rolled coil prices remained largely stable on Wednesday March 20 despite a weakening of the futures market.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($575-578) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,810-3,830 yuan per tonne, unchangedAlthough futures declined during the day, which dampened buying interest among some buyers, others continued to snap up HRC s...Read More
The Wednesday Market Minute Global stocks weaker ahead of today's Fed rate decision, with sentiment clouded by reports of tension in U.S.-China trade talks and a profit warning from Federal Express.European stocks slip from late-September highs, with Germany's trade-sensitive DAX leading decliners, amid reports of China pushing back on key issues in talks with Washington.Global oil prices w...Read More