Cementation Americas has signed an agreement to acquire 100% of Terra Nova Technologies (TNT).Established in 1997 in San Diego, California, TNT subsequently added offices in Boise, Idaho, and Santiago, Chile, that have served their global clientele by delivering approximately 75 projects in more than 15 countries. With this diverse international footprint, TNT has earned a solid reputation for pro...Read More
The first hole of Wallbridge Mining's 2019 surface drill program has intersected six instances of visible gold and other mineralized veins over about 275 metres of core at Area 51.The discovery of Area 51 - a new zone 300 metres southwest of the Fenelon deposit - was announced in January 2019. Hole FA-19-052 confirmed the find with an intersection of 2.71 metres grading 12.70 g/t gold. The zone ha...Read More
Vancouver-based Atlantic Gold Corp. has updated reserves and mine life for its Moose River Consolidated gold project. Contained gold is up 27% and the life of the MRC project has been extended to more than 10 years.Successful drill campaigns at the Touquoy, Fifteen Mile Stream and Cochrane Hill deposits provided the extra ounces. The reserves include 23.0 million proven tonnes grading 1.16 g/t gol...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher Monday in cautious trading as global growth concerns continued to weigh on Wall Street. Shares of Biogen (BIIB) rose 1.6% after its board approved a $5 billion share repurchase program. Viacom Inc. (VIAB) surged 3.9% after reaching a deal to renew its distribution contra...Read More
The mid-tier gold miners' stocks have been rallying on balance in recent months, carving a solid young upleg. They've mostly finished reporting their latest fourth-quarter results, revealing how they are faring fundamentally. Their operating and financial performance is very important for investors, as the mid-tier realm is where most of the gold-stock sector's gains accrue. They fared reall...Read More
Martin Riesen, head of trading at storied metals merchants MRI, left the company on Monday March 25, Fastmarkets understands.Riesen was promoted into the role in March 2017. His departure follows that of head of copper concentrates trading...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, March 25 (Reuters) - Copper prices touched theirlowest level in more than a month on Monday on worries aboutglobal economic growth, but falling inventories and the upcomingpeak demand season for industrial metals were seen curbinglosses."There are some headwinds from a macro perspective after thebroader reaction...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Monday March 25, capped by low-volumes trading while risk appetite continues to falter in the wake of last week's US Federal Reserve policy meeting. Volumes traded were low over the day's trading, with copper leading the complex at just over 12,000 lots changing hands by the close, down from 26,065 lots on...Read More
The Comex copper market was listlessly trading on Monday March 25 morning in the United States, with the market in a general state of paralyses. The copper price for May settlement on the Comex division of the New York Mercantile Exchange was flat at $2.8425 per lb. Without fresh catalysts, the red metal has been unable to generate a consistent direction over the last few weeks, which has continue...Read More
Jack ChanPosted Mar 25, 2019Gold sector as represented by $HUI is on a long-term sell signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term buy signal.Short-term signals can last for weeks and are more suitable for traders.COT data on gold is supportive for overall higher prices.COT data on silver is also supportive f...Read More
(Corrects industry body name to Minerals Council from MinesCouncil)JOHANNESBURG, March 25 (Reuters) - South Africa's gold andplatinum mines will shed around 90,000 jobs in the next threeyears as above-inflation electricity price increases by powerutility Eskom add to already soaring operating costs, anindustry body said on Monday."In total, as many as 90,222 jobs would be at risk solely asa r...Read More
Martin Riesen, head of trading at storied metals merchants MRI, left the company on Monday March 25, Fastmarkets understands.Riesen was promoted into the role in March 2017. His departure follows that of head of copper concentrates trading...Read More
The Monday Market Minute US stocks steady as stronger-than-expected reading of German business sentiment takes sting from yield curve inversion following heavy selling overnight in Asia.U.S. Treasury curve slopes positive between 3-month bills and 10-year notes, after tipping into inversion for the first time since 2007 last week, as Chicago Fed President Evans plays down the chances of near-ter...Read More
The global equity recovery that took benchmarks to a five-month high is now showing signs of cracking amid weakening data and a pivot by global central banks away from monetary normalisation, which itself reflects concerns about the outlook, Bloomberg said.Gold was above US$1,316 an ounce on the spot market earlier and gold equities were a standout on global markets.Australian-based gold major New...Read More
Long-term contract and import prices for ferro-chrome rose again in China in the week ended Friday March 22 on higher tenders from stainless steel mills and load shedding by South Africa electricity company Eskom. April tenders push up long-term contract prices in ChinaCharge chrome import prices rise on protracted power constraintsAlloy prices rise in South KoreaEuropean alloy prices flatline de...Read More
The bank's commodities strategist Marcus Garvey said in a note Friday that price forecasts had been revised lower across the board to reflect a mark-to-market exercise rather than supply-demand modelRead More
By: RambusThere is a ratio chart, $Gold:$XAU, we haven't looked at in quite awhile that has helped us in the past to locate some important turning points for the PM stocks. I'm not going to get into all the details tonight but this ratio chart shows you just how undervalued the $XAU or precious metals stocks in general are to gold itself. From the mid 1980's to the 2008 GFC crash the horizontal...Read More
It's tempting to think last week's high at 2866.00 (click on inset) will mark the final gasp of an exceptionally powerful bear rally. If so, it will have occurred in a place where we might have expected Mr. Market to spring a nasty trap on bulls and bears alike. The latter would have thrown in the towel and covered short positions when the S&Ps broke out over the last two weeks above three des...Read More
A ramp-up in Chinese zinc production is expected to accelerate from the second quarter of this year, boosted by the completion of upgrades at smelting facilities across the country and a surge in treatment charges (TCs) amid a relatively oversupplied raw materials market, sources told Fastmarkets.A large amount of refined zinc capacity in China has been shut or suspended over the past two years du...Read More