Equinox Gold (TSX: EQX; NYSE: EQX) has sold its Pilar gold mine in Brazil for US$38 million in cash as part of a portfolio optimization strategy that includes increasing its stake in the Greenstone project in Ontario, Canada.As part of the deal, buyer Pilar Gold Inc. is also giving Equinox a 9.9% equity interest in the gold mine and a 1% net smelter returns royalty on production.Pilar, a complex...Read More
I've covered the mining industry for more than a decade and during that time have had many opportunities to listen to presentations and speeches by Ivanhoe Mines' founder Robert Friedland. I also interviewed him at length for an article about his career when The Northern Miner gave him a Lifetime Achievement award in May 2017.But I think his remarks last week at the CRU World Copper Conference wer...Read More
The S&P/TSX Composite Index rose 0.64% to 19,351.32 during the April 12-16 trading week. The S&P/TSX Global Mining Index jumped 4.81% to 111.25, and the S&P/TSX Global Base Metals Index climbed 6.49% to 172.36. Spot gold rose US$32.30 per oz., or 1.85%, to US$1,776.50 per oz., and the S&P/TSX Global Gold Index increased by 3.49% to 312.62.Barrick Gold gained $1.24 to finish the week at $27.81 pe...Read More
Carbonate prices have doubled year-to-dateRead full newsRead More
CEO Poddar hoping to capitalise on rising investor interest in graphiteRead full newsRead More
Mining giant Rio Tinto Plc has tried for more than a quarter century to launch Arizona's Resolution copper project, which would be one of the world's largest underground mines.Read full newsRead More
A battery isRead full newsRead More
Early last year, Darrin Lewis paid $800,000 for a hardware store in a tiny Arizona town where mining giant Rio Tinto Plc hopes to build one of the world's largest underground copper mines.Read full newsRead More
Gold futures ended higher on Friday for a second straight day, with bullion posting its sharpest weekly percentage rise of the year.Read full newsRead More
Worried about another March 2020-like crash on the horizon? Got defensive stocks on your mind?Well, you’re not the only one.Those seeking diversification and long-term growth with some serious defensiveness have come to the right place. I think these two top TSX gold stocks are worth taking a look at right now.So, let’s dive into it.Kirkland Lake Gold Kirkland Lake Gold (TSX:KL)(NYSE:K...Read More
A Bloomberg article reported yesterday that New York-based real estate investor and developer, Kent Swig, secured $6 billion in "gold reserves" for a new gold-backed cryptocurrency.The article says the new digital token, named DIGau, will be pegged to gold's market price.And it mentions DIGau will be "guaranteed by liens Swig and partner Stephen Braverman's company, Dignity Gold, secured against m...Read More
Apr 20, 2021 Guest(s): Ran Neuner Founder, Crypto Banter | Host CNBC Crypto Trader The Bitcoin price fell by approximately 18% over the weekend and one of the factors behind this drop was a power outage in China's Xinjiang region that caused a 45% drop in the hash rate.The hash rate of Bitcoin measures the total combined computational power that is being used to mine and process the cryptocurren...Read More
Apr 20, 2021 Guest(s): Peter Grandich petergrandich.com The gold price is headed back to $2,000 an ounce once it breaches key resistance levels, said Peter Grandich, founder of Peter Grandich & Company."The most beautiful technical chart I've ever seen on any market was shown. There's a wonderful cup and handle formation now on gold going back 10 years and it coincided with an absolute all-t...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 20 that are worth another look.Brazilian steelmaker Gerdau will invest around 1 billion Reais ($179 million) to modernize and expand production capacity at its special steel division in Brazil amid an expected recovery in demand from both the automotive and capital goods industries,...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 20.Please click...Read More
The price of nickel was $16,038 per tonne at the close of trading at 5pm on Tuesday, its lowest closing price for three weeks, while most other futures prices on the London Metal Exchange also fell off their recent gains on Tuesday April 20.Nickel's three-month price was down by 0.5% from Monday's closing price of $16,121 per tonne, and at its lowest since March 31, when it closed at $16,068 per t...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 20 that are worth another look.Brazilian steelmaker Gerdau will invest around 1 billion Reais ($179 million) to modernize and expand production capacity at its special steel division in Brazil amid an expected recovery in demand from both the automotive and capital goods industries,...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 20, 2021 Gold is not a stock, bond, or business deal... let alone a casino chip in a paper money casino. Please click here now. Double-click to enlarge this horrifying US government fiat versus gold chart. Gold is a currency.It is the ultimate currency... and as this 50year chart s...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 20.Please click...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Tuesday April 20.China Many domestic spot ferro-chrome sellers cut their prices in order to secure business at current profitable levels. The outlook for the ferro-chrome market remained bearish despite the recent supply tightness. Spot procurement for imported charge chrome was limited, with prices follow...Read More