Barrick Gold (TSX:ABX; NYSE:GOLD) will finally be able to ship gold concentrate containers out of Tanzania, which have been sitting at Dar es Salaam Port for three years due to a dispute over taxes between the country and the gold giant's now defunct subsidiary, Acacia Mining.The decision comes four months after reaching a deal with Barrick, which ended the tax row and granted the government a sta...Read More
AngloGold Ashanti (NYSE: AU) has temporarily closed its Mponeng mine in South Africa after 196 workers tested positive for COVID-19.The company has conducted 651 tests since the first COVID-19 case was detected at the mine last week, with the "vast majority" of those tested asymptomatic, the company reported.The cases were discovered as part of a screening, contact tracing and testing program at t...Read More
Gold rebounded on Friday as concerns about the economic fallout from the COVID-19 pandemic were compounded by fears of rising political tensions between China and the United States.Spot gold closed at US$1,732.70 per oz. on May 22, up from US$1,727.50 per oz. on May 21, after the Chinese government announced its intention to impose a national security law that criminalizes political dissent in the...Read More
NEW TOOLS IN ITS LATEST MICROMINE UPGRADESPONSOREDmicromineCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe flat price of the steel-making material offers few clues to the nickel revival which has seen the return of Australian inv...Read More
Is Beijing's response to escalating jawboning out of the Trump administration to simply devalue its currency?Read full newsRead More
"Over the last week, the demand for vacation rentals across the US has seen a huge increase, now surpassing the demand for this same period last year."Read full newsRead More
Newmont Mining (NYSE:NEM) has been on fire, and why shouldn't it? While gold prices have been quiet lately, they won't stay that way forever. The backdrop for the yellow metal is bullish. Therefore, the backdrop for NEM stock is bullish, too.Source: Piotr Swat/Shutterstock But let's not pretendRead full newsRead More
"$MPNGF $MPNGY - Meituan Dianping (MPNGF) CEO Xing Wang on Q1 2020 Results - Earnings Call Transcript. https://t.co/1dV1wlLlyJ #stocks #finance #stockmarket"Read full newsRead More
"**News Release***Sirona Biochem to hold May 22 AGM in Vancouver --Read the News Release here: https://t.co/7EyKzJupqP$SBM #Biotech #tsxv #SmallCaps #Diabetes #MomentumStocks #Skinlightener"Read full newsRead More
New plant concept Credit: Metso. Metso has introduced two new solutions for crushing and screening plants: flexible FIT stations and smart Foresight stations. These two units are intended to provide significant resource and time savings for mines."We have the experience in delivering crushing and screening plants with over one hundred installations globally. We also understand the needs of cus...Read More
Silver One Candelaria project in Nevada (Credit: Silver One) Drilling at Silver One's Candelaria project in Nevada's has expanded higher-grade mineralization between the past-producing Mount Diablo and Northern Belle pits at depth and confirmed near-surface lower-grade mineralization around the two pits.The company has recently drilled nine holes at this project; highlights from the four in the...Read More
The Goudreau project in northeastern Ontario (Credit: Manitou). Manitou Gold has released initial drill results from the Rockstar vein within its 225-sq.-km Goudreau project in Ontario. This work is following up on last year's channel sampling program at the property. At the time, the program uncovered the vein over 100 metres of strike, with the gold-bearing unit grading 3 g/t gold over an aver...Read More
Cat 785G unit Credit: Caterpillar. Caterpillar has added the MineStar Edge platform to its Cat MineStar Solutions offering to align with the way that mining operations manage their businesses. Edge creates an operational ecosystem for mining companies: rather than having data in individual silos, Edge brings visibility to the entire operation and enables managers to see how activities early in t...Read More
Haver & Boecker screen media Credit: Haver & Boecker. Haver & Boecker Niagara has introduced make-and-hold and stocking agreement programs for screen media and wear parts to guarantee inventory, help customers minimize downtime from long lead times, provide pricing stability and simplify inventory management."We want to help ensure our customers have the screen media and parts they need to keep...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 26 that are worth another look.Workers at Tata Steel's plant at IJmuiden in the Netherlands staged a lightning protest on May 26, but output was unaffected, the company said.Japanese steel producers which use electric-arc furnaces (EAFs) are being forced into raising their purchasing prices for ferrous scrap feedstock despite t...Read More
The International Copper Study Group (ICSG) has cut its 2020 global mined copper forecast by 950,000 tonnes, equivalent to nearly 4 million tonnes of copper concentrates output, citing the impact of the Covid-19 pandemic.The copper research group now expects a 3% year-on-year decline in world mined copper output in 2020, citing lockdowns that have been in place since March, the group said on Thurs...Read More
LME three-month base metals prices, apart from zinc, closed up on Tuesday May 26, in part driven by the impact of China's ongoing monetary easing policy and the onset of economic restarts across Europe. A speech given today by People's Bank of China governor Yi Gang buoyed London Metal Exchange base metals prices at the beginning of the day's trading, according to INTL FC Stone's Natalie Scot...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMay 26, 2020Gold drifts sideways in typical weak season trading, silver looks better, and the miners look awesome!Pleaseclick here now.Double-click to enlarge this gold chart.It’s clear that both upside and downside breakouts are failing, and the gold price continues to ooze sideways...Read More
In Canada, the S&P/TSX Composite Index closed 1.1% higher and in Australia, the S&P/ASX 200 is on the rise, up 1.4% in morning trade after finishing 2.2% higher yesterday.Vista Gold (TSX: VGZ) was one of the bigger market risers in Toronto, hitting a 12-month high intraday of C$1.49 before closing up 16.3% to $1.43 on no news.The company is focused on its Mt Todd gold project in Australia'...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 26 that are worth another look.Workers at Tata Steel's plant at IJmuiden in the Netherlands staged a lightning protest on May 26, but output was unaffected, the company said.Japanese steel producers which use electric-arc furnaces (EAFs) are being forced into raising their purchasing prices for ferrous scrap feedstock despite t...Read More