Canada’s main stock index opened higher on Wednesday and was able to offset some of the losses from its worst day in two weeks in the previous session. Gains in gold stocks and silver stocks of Canadian mining companies were largely responsible for the change in direction. In the month leading up to the US Presidential election and with a worsening second wave of COVID-19 infections, gold i...Read More

The yellow metal took a breather from its solid upward climb and fell 8% since August. Canadian gold stocks, which notably outperformed gold this year, also calmed a bit in the last few months. However, we might see a renewed rally from gold in the current quarter, which could ultimately boost gold miner stocks.Unstable economic recoveryThe pandemic dented the global economic growth in 2020, which...Read More

Oct 08, 2020 Guest(s): Peter Hug Global Trading Director, Kitco Metals Both the precious metals and stock markets have seen a volatile week. Taking cues from the White House's hints on how much stimulus could be introduced before the presidential election, prices have seen large moves in both directions in a very short amount of time. On a medium to longer-term basis, "holding a core position in...Read More

For almost two years now I've been making the case for facial recognition, or "Stealth ID" technology.This is software that can be used in cameras, or even digital advertisements, to identify known criminals, or in some cases in-progress crimes.More than that, it's now being used to scan crowds for potential COVID-19 carriers and help alert those who may have come in contact with them. And it's a...Read More

Oct 08, 2020 Guest(s): Jeffrey Pontius CEO & President & Director, Corvus Gold Despite the gold price hitting all-time highs this year, growth for both the bullion and the gold mining sector is just getting started, with gold expected to expand to the $3,000 an ounce range, said Jeff Pontius, CEO of Corvus Gold. "I think we've got a fundamental market that's got a lot of legs left in it. I think...Read More

Here are five Fastmarkets stories you might have missed on Thursday October 8 that are worth another look.The European Commission (EC) has set definitive anti-dumping duties on imports of hot-rolled flat stainless steel products from Indonesia, China and Taiwan, it announced in a document published on Tuesday October 6.Read More

The three-month aluminium price on the London Metal Exchange was the standout performer at the close of trading on Thursday October 8, breaching nearby resistance levels amid growing concerns over instability at Malaysian commodities hub Port Klang, while the metal's forward curve continued to shrink into the afternoon.Aluminium's outright price on the LME closed at $1,804 per tonne on Thursday af...Read More

Vale New Caledonia (VNC) will cease operations at the onset of 2021, parent company Vale's chief financial officer Luciano Siani Pires said on Thursday October 8.The news comes exactly one month after the asset's proposed sale to Australian zinc miner New Century Resources fell through.Vale announced its failure to successfully negotiate the sale of a 95% stake in VNC to the Australian miner on Se...Read More

Keith WeinerPosted Oct 9, 2020There was a big drop in the price of silver last Wednesday. Then the price moved up, and down, but mostly up. Let’s look at a graph of the silver price and basis showing Sep 30 through Oct 5, with intraday resolution.(Click on image to enlarge)It’s remarkable how the basis tracks the price, until Oct 5. When basis tracks price, this means the action is pri...Read More

Here are five Fastmarkets stories you might have missed on Thursday October 8 that are worth another look.The European Commission (EC) has set definitive anti-dumping duties on imports of hot-rolled flat stainless steel products from Indonesia, China and Taiwan, it announced in a document published on Tuesday October 6.Read More

Peruvian copper production volumes fell back into decline in August due to lower output from Southern Peru Copper Corp and Antamina, but the country continued to produce more zinc and tin, according to data from the ministry of energy and mines, Minem, published on Wednesday October 7.Peru produced 193,852 tonnes of copper in August, a 10% year-on-year decrease from 215,426 tonnes. Output was also...Read More

Starting on Canada's west coast, Dolly Varden Silver (TSXV:DV) said step-out drilling from the current resource at the brownfields Torbit mine in British Columbia had intersected several high-gradeRead More

Vancouver, BC, Canada, October 7, 2020 - LEAF Mobile Inc. (TSX.V : LEAF) ("LEAF" or the "Company") announces that it has entered into a letter of intent (the "LOI") dated October 6, 2020 with East Side Games Inc. ("East Side Games").AcquisitionPursuant to the LOI, LEAF will acquire all of the securities of East Side Games (the "Acquisition") for $150 million (the "Purchase Price"), the payment...Read More

Members of the Mine Workers Union at Candelaria, a Chilean copper-gold-silver mine 80%-owned by Lundin Mining, have decided to go on strike after a 5-day mediation for labor negotiations ended without success, the company said late on Wednesday October 7.According to the mining company, the trade union represents about 350 workers. The previous labor agreement with them expired on September 30. No...Read More

Copper production at CAML's Kounrad mine in Kazakhstan was down 3.9% year-on-year but the 3,993 tonne total was ahead of analyst expectations.Read More

Here are five Fastmarkets stories you might have missed on Thursday October 8 that are worth another look.The European Commission (EC) has set definitive anti-dumping duties on imports of hot-rolled flat stainless steel products from Indonesia, China and Taiwan, it announced in a document published on Tuesday October 6.Read More

Vale New Caledonia (VNC) will cease operations at the onset of 2021, parent company Vale's chief financial officer Luciano Siani Pires said on Thursday October 8.The news comes exactly one month after the asset's proposed sale to Australian zinc miner New Century Resources fell through.Vale announced its failure to successfully negotiate the sale of a 95% stake in VNC to the Australian miner on Se...Read More

Turkish steel mills broke their silence in the deep-sea scrap market on Thursday October 8, booking two cargoes after achieving lower prices, sources told Fastmarkets.A steel mill in the Marmara region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $285 per tonne and 25,000 tonnes of shredded at $290 per tonne cfr.The same mill also booked a Baltic Sea cargo, consist of 24,000.....Read More

Prices for steel scrap imported into Bangladesh in containers have gone down again over the past week, while those for bulk cargoes were steadier, market participants told Fastmarkets on Thursday October 8.Weaker scrap market sentiment across the globe in recent weeks, combined with unfavorable Bangladeshi steel prices, has led to mills in the country presenting scrap sellers with cheap bids over...Read More

Base metals prices on the London Metal Exchange were mixed this morning, Thursday October 8, while equity markets were mainly upbeat because US fiscal packages may still be forthcoming. US President Donald Trump changed his tune on Wednesday, from postponing stimulus talks with the Democrats to encouraging them to pass a string of single rescue packages to targeted areas.Likewise, with Democratic...Read More