Hammerdown project. Image from Maritime Resources. Infill drilling at Maritime Resources' Hammerdown gold project in Newfoundland and Labrador has intersected high gold and silver grades within the footprint of the Hammerdown open pit outlined in this year's preliminary economic assessment (PEA).Drill highlights include 2.5 metres of 22.66 g/t gold and 24.86 g/t silver starting at 39.5 metres,...Read More

One simple word could change the entire world of cannabis investing...Allow me to explain. You see, the main hurdle keeping cannabis from becoming one of the United States' biggest cash crops is the federal government. Currently, the government considers cannabis a Schedule 1 drug, which means even if states legalize it, the government can still swoop in and shut businesses down. They have done so...Read More

The price of gold just topped US$1,900 and is on track to carve out a new record high. Bitcoin, meanwhile, has doubled off the March low.Momentum investors want to know if gold or the digital currency is the better way to go today. Let’s take a look at the current situation to see why this might be a good time to get out of Bitcoin and shift funds to gold stocks.Gold vs. BitcoinIn 2017, Bitc...Read More

One of the hottest assets the last week has been silver, and it appears that there’s no slowing down. Silver stocks have followed suit of many gold stocks, up to 52-week highs just in the last week.Since the start of the coronavirus pandemic, it’s been clear that precious metals would be an excellent investment. Not only would investors be seeking a safe haven, but with so much monetar...Read More

Hovermap scanner Credit: Emesent Emesent, a global technology company, and Deswik, a software developer, have signed a memorandum of understanding to integrate their respective solutions to provide a more comprehensive mine data capture and analysis offering.The two companies would work together to allow mining companies to incorporate high-quality data captured in inaccessible locations into th...Read More

The pandemic has hit many companies. Several companies trading on the TSX are expected to report a decline in revenue and profit for 2020. We see a lot of volatility in the stock market due to uncertainty about earnings. But there are a few companies that are expected to remain profitable throughout the pandemic.Here are two quality, profitable stocks that can act as a defence against market volat...Read More

Bathopele mine in South Africa (Image: Anglo American Platinum) Anglo American Platinum (Amplats) posted a 7% fall in half-year profit on lower output due to shutdowns caused by covid-19.The company reported headline earnings per share of 26.27 rand, compared to 28.15 rand in H1 2019.Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 6% to 13.1 billion rand ($800 millio...Read More

Jul 27, 2020 Guest(s): Peter Grosskopf CEO, Sprott The U.S. senate is on its way to filling vacant seats on the Federal Reserve's board of governors and although one pick has been plagued with controversy, one fund manager does not expect the new members to derail the central bank's current plan to pump massive levels of liquidity to stabilize financial markets and the global economy.In an inter...Read More

Golden Bull Mountain Ridge Park. Photo by Anna Frodesiak, Wikimedia Commons. As the gold price breaks through $1,900 per oz., Refinitiv has released its review of the gold sector in the second quarter, providing insight into where the demand is coming from - and where it's actually falling.The review shows that as uncertainty around the covid-19 pandemic has boosted investor demand for gold in so...Read More

The main pit at Golden Star Resources' Wassa gold mine in southwestern Ghana's Ashanti gold belt. Credit: Golden Star Resources. Golden Star Resources has announced it will sell its 90% stake in the Bogoso-Prestea gold mine in southwestern Ghana to Future Global Resources for $55 million and contingent payments of up to another $40 million.The mine is about 40 km from Golden Star's Wassa gold...Read More

Here are five Fastmarkets stories you might have missed on Monday July 27 that are worth another look.No spot trading was heard for imported rebar into Singapore in the week to July 27, due to high inventory levels and weak downstream demand, market sources told Fastmarkets.Will a call via social media...Read More

The three-month price of tin on the London Metal Exchange was higher at the close of trading on Monday July 27, at its highest settlement price since July 2019 in a 2.2% rise on the day, with lead futures following upward despite a sizable 10,000-tonne stock inflow.Tin's outright price on the LME closed at $18,035 per tonne on Monday afternoon, climbing by more than 2% from an intraday low of $17,...Read More

Diversified downstream requirements on costs and performance will point to the need for different battery chemistries, but in the long run, nickel-rich batteries will dominate the electric vehicle (EV) market, delegates heard during Fastmarkets' "A critical look into the impact of Covid-19 on cathode materials" webinar on Tuesday July 21. Most of the new demand for EV batteries last year were for...Read More

Bob Moriarty ArchivesJul 27, 2020I put outa short update on a few favorite companies on my site on Friday. That turned out to be excellent timing as Lion One released assay results on Friday as well. The numbers were off the chart.Hole TUDDH500 reported 12.7 meters of 46.14 g/t gold. In the text above the numbers it shows 7 meters but if you look at the interval it indicates 12.7 meters. That seem...Read More

Jack ChanPosted Jul 27, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.COT data on gold is supportive for overall higher prices.Data is also supportive for overall higher silver prices.Our ratio...Read More

Many Chinese importers have become wary of logistics and customs clearance uncertainties, which has resulted in a widening of the price spread between recycled product and refined copper so far in July 2020."Although offer prices of copper scrap are lower now, we are not at [the level of] the spot market," a copper scrap consumer source said.Fastmarkets assessed the price of copper scrap No2 coppe...Read More

"Precious metals have extended gains with gold reaching record highs and looking set to test the $2,000 mark," Marex Spectron's Alastair Munro said from the LME desk."The surge continues for gold, with no sign that it will run out of steam any time soon," IG chief market analyst Chris Beauchamp said yesterday."It makes sense to expect further gains, especially since the intraday charts provide no...Read More

Resistance among some Chinese manganese ore traders to make further compromises on offer prices has prevented portside prices from falling significantly in the week to Friday July 24, market sources told Fastmarkets. Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 34.60 yuan ($4.93) per dry metric tonne unit (dmtu) on Friday. This is equivalent to $4.2...Read More

China imported 422,573 tonnes of alumina from the seaborne market in June 2020, up by 57.3% compared with imports of 268,573 tonnes in May, according to Chinese customs data released on Friday July 24.This was almost 7.5 times of the volume of 50,000 tonnes imported in June 2019, and was the highest monthly alumina imports total since February 2016.China has imported 1.91 million tonnes of alumina...Read More

Here are five Fastmarkets stories you might have missed on Monday July 27 that are worth another look.No spot trading was heard for imported rebar into Singapore in the week to July 27, due to high inventory levels and weak downstream demand, market sources told Fastmarkets.Will a call via social media...Read More