The rise and fall of gold stocks is a story of hurt and disappointment. That is because most of the time gold stocks are in decline.Below are four charts which depict the sad story. Following each chart I will make some brief comments… HUI – 1 Year ChartNYSE Arca Gold BUGS Index (INDEX)The HUI is back to its low reached earlier this year in March, at just under 255. Where it goes fr...Read More

Ladies and gentlemen, we have abreakdown! Gold stocks underperformed the yellow metal so much that theyreached the lowest levels seen this year…The HUI Index (goldstocks) broke to new 2021 lows while the USD Index broke to new 2021 highs.Just as I’ve been warning you.Mining stocks’ extremeweakness relative to gold continued yesterday, and while it may seem likethe weakness has t...Read More

Russian steelmaker Metalloinvest and another, unnamed, non-European steel company, are in discussions about acquiring Hungarian flat steel producer Dunaferr, market sources told Fastmarkets this week.The Hungarian steelmaker's owners have been in negotiations with both parties and a decision is imminent, sources said, because Dunaferr is about to go through the liquidation process. Metalloinv...Read More

The provincial government of Liaoning in northeastern China has approved a merger between Anshan Iron & Steel (Angang) and Benxi Iron & Steel (Bengang), according to a notice released by the latter's listed arm, Bengang Plate, on Thursday August 19.The owner of Bengang - Liaoning's State-owned Assets Supervision & Administration Commission - will transfer a 51% controlling stake in the steelmaker...Read More

On June 30, 2021, Zephyr Minerals submitted a hard rock mining permit application to the state Division of Reclamation, Mining and Safety (DRMS). Some people who live nearby Dawson Mine aren'...Read full newsRead More

During the COVID-19 pandemic, even while production was suspended, Cameco (TSX:CCO)(NYSE:CCJ) kept and continued to pay all the company’s employees. Partially off-setting these additional costs was the receipt of about $37 million under the Canada Emergency Wage Subsidy program and volatility in foreign exchange rates that resulted in foreign exchange gains.Adding to a portfolio of long-term...Read More

Kinross Gold (TSX:K)(NYSE:KGC) owns three large mines called Paracatu, Kupol, and Tasiast, which represented 62% of production. In fiscal 2020, these were the lowest-cost mines in the company’s portfolio, with record production and cost performance at Tasiast. All development projects have been advancing on schedule, with the company’s Fort Knox Gilmore construction completed on time a...Read More

Battery metals like lithium and cobalt as well as graphite and vanadium are vital to the lithium-ion batteries used to power electric autos, with need expected to increase in the coming years. As the green power revolution continues to unfold, car makers are becoming more concerned with the requirement to protect these raw materials in order to complete their ambitious electrification objectives.E...Read More

Here are five Fastmarkets stories you might have missed on Friday August 20 that are worth another look.Brazilian steelmaker Gerdau will increase its interest in Mexican joint venture Gerdau Corsa from 70% to 75% by merging three of its units in the country and selling a stake to Grupo C??rdova, the company said...Read More

We learned from Joe David, who's CEO of Elementos Limited (ASX: ELT) that recently, they made an announcement, committing to move forward, with a definitive feasibility study (DFS), for the Oropesa Tin Project in Spain. The Company has completed a nine-month drill program, with the goal of releasing an updated mineral resource estimate for the deposit, in approximately October of this year. Other...Read More

Here are five Fastmarkets stories you might have missed on Friday August 20 that are worth another look.Brazilian steelmaker Gerdau will increase its interest in Mexican joint venture Gerdau Corsa from 70% to 75% by merging three of its units in the country and selling a stake to Grupo C??rdova, the company said...Read More

Here are five Fastmarkets stories you might have missed on Friday August 20 that are worth another look.Brazilian steelmaker Gerdau will increase its interest in Mexican joint venture Gerdau Corsa from 70% to 75% by merging three of its units in the country and selling a stake to Grupo C??rdova, the company said...Read More

Gold prices are slipping as talk of a “taper tantrum” has investors thinking that the US Federal Reserve’s bond-buying program could be scaled back.Over the last three days spot gold has dropped $18, peak to trough, on news of US jobless claims falling sharply to 348,000, and the US dollar scaling over a nine-month peak. The dollar’s rise makes gold expensive for holders of...Read More

Here are five Fastmarkets stories you might have missed on Friday August 20 that are worth another look.Brazilian steelmaker Gerdau will increase its interest in Mexican joint venture Gerdau Corsa from 70% to 75% by merging three of its units in the country and selling a stake to Grupo C??rdova, the company said...Read More

Here are five Fastmarkets stories you might have missed on Friday August 20 that are worth another look.Brazilian steelmaker Gerdau will increase its interest in Mexican joint venture Gerdau Corsa from 70% to 75% by merging three of its units in the country and selling a stake to Grupo C??rdova, the company said...Read More

RAPAPORT... Alfred L. Woodill, a former executive director of the American Gem Society (AGS), died on August 17 at the age of 101.Known to his friends as "Big Al" or "Mr. AGS," Woodill served in the position from 1947 to 1987, the organization said in a statement Thursday. "We are all heartbroken at the loss of this great man, who was so instrumental in shaping the American Gem Society," said...Read More

RAPAPORT... Jewelry was one of the top-selling categories at Macy's during the second fiscal quarter as shoppers refreshed wardrobes in preparation for a return to going out."We saw continued strength in dressy apparel, fine jewelry and fragrances as our customers prepared for in-person social events and back to school," Macy's CEO Jeff Gennette said last week in an earnings call transcribed by Th...Read More

RAPAPORT... Swiss watch exports skyrocketed to well above pre-pandemic levels in July amid increased domestic spending in the US and China.Global shipments rose 8% compared to the same month of 2019, reaching CHF 2.05 billion ($2.23 billion), the Federation of the Swiss Watch Industry said last week. Exports jumped 29% year on year, reflecting a favorable comparison with the Covid-19 downturn in J...Read More

RAPAPORT... De Beers will introduce stones of up to 2 carats from its Lightbox lab-grown diamond jewelry line, along with a high-end collection.The company, which previously only offered pieces up to 1 carat, will release the larger-sized pink, blue and white stones in October, it said last week. The new stones will follow the brand's previous pricing of $800 per carat, meaning a 1.5-carat diamond...Read More

Organized retail crime and numerous other security concerns evolved in 2020, with most retailers attributing the increase in criminal activity to the pandemic, according to a National Retail Federation report. "Retailers have continuously pivoted throughout the pandemic to ensure their employees can work within a safe environment and their customers can shop safely, whether in stores, online...Read More