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Gold Resource Company Posts Q3 Financial Data Demonstrating Increased Profitability

November 16, 2020 / www.theaureport.com

Seabridge Gold reported net income of CA$5.0 million in Q3/20 and ended the quarter with one of strongest working capital positions in its 21-year history. KSM 2020 PEA Mine PlanSeabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release that "it that it has filed its Report to Shareholders, Interim Financial Statements and Management's Discussion and Analysis for the three and nine mo...Read More

Mineral Explorer Initiates Till and Rock Sampling Program at Ontario Gold Project

November 16, 2020 / www.theaureport.com

Group Ten Metals reported it has begun a till and rock sampling program at its Black Lake-Drayton Gold project adjacent to Treasury Metals Goliath-Goldlund property. In a news release, Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced that it commenced a till and rock sampling program at its wholly owned Black Lake-Drayton gold project in northwestern Ontario, Canada. The firm no...Read More

Explorer's Lawsuit Regarding Spanish Project Nears End

November 16, 2020 / www.theaureport.com

Emerita Resources will soon find out if it will be awarded the past-producing Aznalc?llar project. In a news release, Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTC; LLJA:FSE) announced that its legal case concerning the awarding of the Aznalc?llar project in Spain to Minorbis and Grupo Mexico is nearing the end.Five years ago, Emerita alleged wrongdoing by the parties that awarded the project con...Read More

European vanadium prices jump on increased spot interest; alloy nears 2-month high

November 17, 2020 / www.metalbulletin.com

Vanadium prices in Europe jumped in the week ended Friday November 13, with spot market interest increasing and the alloy market trading close to a two-month high.Fastmarkets' latest assessment of the price for ferro-vanadium, basis 78% V min, 1st grade, ddp Western Europe, was $24.00-24.90 per kg on Friday, narrowing upward from the mid-week assessment of $23.50-24.90 per kg but still down from i...Read More

Mining Company Hits More Leachable Gold Mineralization at Idaho Project

November 16, 2020 / www.theaureport.com

Revival Gold reports the results of five more infill holes drilled in Beartrack-Arnett's Haidee target. Revival Gold Inc. (RVG:TSX.V; RVLGF:OTCQB) announced in a news release results from another batch of holes drilled at its Beartrack-Arnett project in Idaho.The five reported infill holes were drilled in the Haidee target. All encountered near-surface leachable mineralization, and the "mineraliz...Read More

Helium Explorer Commissions Study for Industrial Gas Polygeneration Facility in Western Canada

November 16, 2020 / www.theaureport.com

Royal Helium Ltd. reported it has initiated an engineering and scoping study for a large-scale industrial gas polygeneration facility to be constructed in Saskatchewan. In a news release, Saskatchewan-based Royal Helium Ltd. (RHC:TSX.V) reported that it has initiated an engineering and scoping study for a large-scale industrial gas polygeneration facility to be built in Saskatchewan.The firm stat...Read More

Gold Explorer Planning Next Phase of Drill Program at Nevada Property

November 16, 2020 / www.theaureport.com

Newrange Gold provided an update on the status of drilling at its Pamlico Project which it intends to restart in early December 2020. In a news release, Vancouver-based Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) issued a status update regarding its ongoing reverse circulation drill program at its Pamlico Gold project in Nevada.The firm noted that since the drill program kicked off in May, it has...Read More

Drill Results, Metals Prices Drive Target Price Raise on Gold-Copper Company

November 16, 2020 / www.theaureport.com

These factors, positively impacting Seabridge Gold, are reviewed in a ROTH Capital Partners report. In a Nov. 12 research note, analyst Joe Reagor reported that ROTH Capital Partners increased its price target on Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) to US$24 per share from $21 for two main reasons. Results from the 2020 drill program at Iskut "showed the potential for a significant porphyry...Read More

Free-spending Biden and/or continued Fed stimulus will hike Gold prices / Commodities / Gold & Silver 2020

November 16, 2020 / www.marketoracle.co.uk

Gold may have comeoff the boil a bit after rising beyond $1,900 an ounce in the aftermath of theUS election, but the precious metal will do well under a Biden presidency, anAhead of the Herd analysis has found. The main factors aredrastically increased government spending, leading to even more unsustainableUS debt levels than currently; dovish monetary policy as the Fed continues toadvocate &ldquo...Read More

You May Have Overlooked These "Sleeper" Precious Metals / Commodities / Metals & Mining

November 16, 2020 / www.marketoracle.co.uk

Precious metals markets got off to arocky start this week as Wall Street celebrated promising developments on thevaccine front. On Monday, stocks surged while gold and silver soldoff hard. That selling didn’t bring downside follow through, however. Themetals held trading range support levels and pared some of their earlier lossesheading into this Friday the 13th.A metal we don’t often...Read More

What's Ahead for the Gold Market? / Commodities / Gold & Silver 2020

November 15, 2020 / www.marketoracle.co.uk

Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, look at the macroeconomic factors they believe will move gold higher. The gold market entered a period of increased volatility during the third quarter, usually a positive indicator for the metal. A growing number of investors and analysts recommended the accumulation of gold as it began to move out of the shadows and into the spotlight. Gl...Read More

Gold's Momentous Rally From 2000 Compared To Stock Market SPY & QQQ / Commodities / Gold & Silver 2020

November 15, 2020 / www.marketoracle.co.uk

My research team and I went off on a wild tangent trying to identify how the markets could react to the recent spike in price activity on Monday, November 9, 2020.  This is the day that Pfizer announced a 90% effective rate with its new COVID-19 vaccine, causing the US stock market to skyrocket higher before the opening bell in New York. As with most pop-and-drops, this incredible upside spik...Read More

NLMK subsidiary reaches settlement with US government on Section 232 lawsuit

November 17, 2020 / www.metalbulletin.com

Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.NLMK filed a suit in the US Court of International Trade on February 2020, challenging a decision from the Department of Commerce to deny the company's exclusion requests to the Section 232 tariff of 25% against steel imported from most...Read More

China's crude steel output jumps 12.7% in Oct

November 17, 2020 / www.metalbulletin.com

China's crude steel, hot metal and finished steel output continued to grow on a year-on-year basis in October, according to data released by the country's National Bureau of Statistics on Monday November 16.October outputCrude steel: 92.2 million tonnes, up 12.7% from a year earlier, down 0.4% from SeptemberHot metal: 76.17 million tonnes, up 9.4% year on year, up 0.5% month on month Finished stee...Read More

Tata Steel in talks with SSAB over IJmuiden site; starts separation of UK assets

November 17, 2020 / www.metalbulletin.com

Tata Steel has initiated discussions with Swedish steelmaker SSAB over the sale of its IJmuiden plant in The Netherlands, the company said on Friday November 13.Tata Steel has also initiated the process of splitting its main European operations - Tata Steel Netherlands and Tata Steel UK - with the aim of pursuing separate strategic paths for the two businesses. "Tata Steel...Read More

IN CASE YOU MISSED IT: 5 key stories from November 16

November 17, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Monday November 16 that are worth another look.Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.Prices and payables for...Read More

US hot-rolled coil index jumps on scant supply, strong demand

November 17, 2020 / www.metalbulletin.com

Hot-rolled coil prices in the United States have continued to climb amid an ongoing supply squeeze and robust overall market fundamentals, Fastmarkets has learned.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $36.35 per hundredweight ($727 per short ton) on Monday November 16, up by 1.1% from $35.96 per cwt on Friday November 13 and up by 3.3% from $35.19 per c...Read More

NLMK subsidiary reaches settlement with US government on Section 232 lawsuit

November 17, 2020 / www.metalbulletin.com

Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.NLMK filed a suit in the US Court of International Trade on February 2020, challenging a decision from the Department of Commerce to deny the company's exclusion requests to the Section 232 tariff of 25% against steel imported from most...Read More

Brazil's domestic steel coil prices soar amid tight supply, low inventories

November 17, 2020 / www.metalbulletin.com

Flat steel prices in Brazil's domestic market have increased for the fifth month in a row, with supply remaining scarce amid low inventories.Steelmakers have applied price increases ranging from 8-15% this month, depending on the product, with local distributors having trouble restocking amid longer-than-usual lead times.Fastmarkets' monthly assessment for steel hot-rolled coil, domestic, monthly,...Read More

IN CASE YOU MISSED IT: 5 key stories from November 16

November 17, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Monday November 16 that are worth another look.Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.Prices and payables for...Read More

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