Trevali's Santander zinc mine in Peru, 200 km northeast of Lima. (Image courtesy of Trevali Mining) Last year, Trevali Mining (TSE: TV) beat its operating guidance: Production of 417 million lb. of payable zinc came in ahead of earlier forecasts of 361 million lb. to 401 million lb.In addition, the 50.3 million lb. of lead and 1.5 million oz. of silver generated last year also came in slightly ah...Read More
Valentine Gold Camp. Image by Marathon. Marathon Gold's latest resource update for the Valentine project features measured and indicated resources of 54.9 million tonnes grading 1.75 g/t gold for a total of 3.1 million oz. and inferred resources of 16.8 million tonnes at 1.78 g/t for a total of 1 million oz of gold.While the total global resource figures have not changed greatly, the updated numb...Read More
What if there was a product that saw a 40% jump in demand last year?A product that hit a record-high peak in proliferation?A product that was useful, inexpensive, and environmentally friendly?Would that interest you?If it would, then I have some good news, because that's exactly what I'm going to show you today.Because today is the day we talk about hydrogen fuel cells - a market that has been unf...Read More
Sunday Lake platinum group metals project, Ontario. Image courtesy of Transition Metals Corp. Impala Platinum (Implats) has resumed drilling at the Sunday Lake platinum-palladium (PGM) property in Ontario following the completion of its acquisition of North American Palladium (NAP) last month. Implats currently holds a 75% interest in the Sunday Lake project. Canada's Transition Metals (TSXV: XTM...Read More
Gramalote, located 230 km northwest of Bogot??, has the potential to become a large, low-cost open-pit gold mine. (Image courtesy of AngloGold Ashanti) B2Gold has released an updated preliminary economic assessment (PEA) for the Gramalote joint venture project, 120 km northeast of Medellin in Colombia. The study shows improved economics and a lower price tag compared to a previous PEA completed...Read More
The Salares Norte gold project is located in the Atacama region of northern Chile. (Image courtesy of Gold Fields.) South African miner Gold Fields (JSE, NYSE: GFI) is said to have hired investment bank RBC Capital Markets to explore the sale of a 30% stake in its Salares Norte gold project, in Chile's northern Atacama region.The company, which received environmental approval for the constructio...Read More
1. Chinese New Year buying and more deaths in war-torn Yemen have ignited yet another solid rally in gold.2. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2020/01/2020jan21gold1.png Double-click to enlarge. Gold is staging a breakout from an irregular bull flag pattern and doing so from strong support in the $1550-$1530 zone. 3. I'm project...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 21.Please click...Read More
The three-month nickel price on the London Metal Exchange was lower at the close of trading on Tuesday January 21, settling at its lowest price since December 10 against moderate turnover, while a fresh inflow of some 40,000 tonnes pushed copper futures lower.Nickel's outright price on the LME closed at $13,665 per tonne in the afternoon, settling at its lowest level for more than a month, while t...Read More
Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year. The decision is in line with the International Organization of Securities Commissions (IOSCO) principles for PRAs, which sets out global standards for orderly and fa...Read More
A thaw in trade relations between the United States and China is lending broad support to commodity prices, with the yuan strengthening against the dollar.The Chinese currency was trading at 6.87 yuan to $1 on Tuesday January 21, down by 1.6% from a month earlier, and down by 3.8% from a peak reached in September 2019.The strength of the yuan against the dollar has been a barometer for US-China tr...Read More
"Whether you want to call it perception or sentiment, in a world so dominated by shorter term trading progs, the fear of a spreading respiratory condition and its potential effect on China's growth sees stock markets initially sell off and our metals markets follow suit," Marex Spectron's Alastair Munro said yesterday morning.Concerns about the deadly virus heightened as the day continued after re...Read More
Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year. The decision is in line with the International Organization of Securities Commissions (IOSCO) principles for PRAs, which sets out global standards for orderly and fa...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJan 21, 2020Chinese New Year buying and more deaths in war-torn Yemen have ignited yet another solid rally in gold.Please click here now: Double-click to enlarge.Gold is staging a breakout from an irregular bull flag pattern and doing so from strong support in the $1550-$1530 zone. I&rsquo...Read More
It has a business improvement programme, dubbed T90 underway, and is looking at expanding at its majority-owned Rosh Pinah mine in Namibia in 2022 which could increase the mine's output by up to 50%.Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday January 21 that are worth another look.China's hot-rolled coil market was quiet on January 21, with producers suspending their operations before the Chinese New Year, while concerns have emerged over post-holiday demand due to the spread of a mysterious respiratory virus that has claimed several lives.SolGold chief executive off...Read More
Mincon is Lehti's biggest customer, accounting for €9 million of the company's €13 million revenue in 2019. Lehti generated €2.2 million of EBITDA in 2019.Read More
The march began yesterday in Belo Horizonte, will travel throughout the Paraopeba River basin and is set reach Brumadinho on January 25, MAB (Movement of People Affected by Dams) said.The official death toll in late December from Vale's Córrego do Feijão B1 tailings dam failure last January was 259, with 11 people still missing.An internal report by Vale, released last month, pointed...Read More
- Clive MaundAt first glance gold looks like it may be about to advance out of a bull Flag, but there are a number of factors in play that we will examine which suggest that any near-term advance won't get far before it turns and drops again, and that a longer period of consolidation and perhaps reaction is necessary before it makes significant further progress.On the 6-month chart we can see ho...Read More
I've been a hardcore deflationist for so long that it took a wake-up call from the always astute Jesse Felder to jolt me out of my complacency. His latest report is headlined Dr. Copper Could Soon Deliver a Diagnosis of Inflation, and it's an eye-opener. The chart accompanying Felder's think-piece suggests that copper futures have been developing thrust for the last several years that could l...Read More