The central bank said Wednesday that it will keep the target range for the federal funds rate between 1.5 and 1.75 percent. Read full newsRead More
Newrange Gold is pleased to announce that the IP survey at the Company's Pamlico project in the Walker Lane Trend of western Nevada has been completed.Read full newsRead More
Nickel and copper are the bull stand-outs in the latest Reuters poll of base met...Read full newsRead More
The gold sector is finally showing signs of life after a multi-year slide that put most of the gold miners off the radar of Canadian investors.Gold resurgenceThe price of gold currently trades at US$1,590 per ounce compared to its 12-month low around US$1,270. Gold briefly topped US$1,600 earlier this month and could potentially break through that level again and take a run at new six-year highs i...Read More
The last decade has been extremely tough for the world’s largest publicly listed uranium miner Cameco (TSX:CCO)(NYSE:CCJ). The radioactive fuel uranium has been caught in a prolonged slump since the 2011 Fukushima disaster sparked considerable unease around the world regarding the dangers posed by nuclear power. During 2019, the spot price for uranium lost 10% to be trading at US$24.93 per p...Read More
Gold is going for close to US$1,600 per ounce, which is a six-year high. It could be the fear of missing out on a gold rally, as the price of the yellow metal has increased by 19% in the last 12 months.Or it could be something more. With money printing by central banks around the world, one can only guess how much paper money is really worth today and in the future.As concluded in Investopedia&rsq...Read More
Kendra Johnston AME president. Image by AME. AME, the lead association for the mineral exploration and development industry in resource-rich British Columbia (BC), hosted more than 6,000 people from 44 countries at its AME Roundup conference in Vancouver last week. MINING.COM sat down with the AME's new president and CEO, Kendra Johnston, to discuss the industry's economic impact and job creat...Read More
Jan 31, 2020 Guest(s): Keith Neumeyer CEO, First Majestic Governments around the world will continue to print money and keep interest rates either unchanged or lower, which would be bullish for the precious metals, including silver, this according to Keith Neumeyer, CEO of First Majestic Silver. "I've been calling for triple-digit silver for a few years now, and I'm more enthused now but I'm cau...Read More
The ?-ks? 1/4 t mine is located in the south-central Kayseri province. Credit: ?-ks? 1/4 t Madencilik Centerra Gold (TSX: CG) announced Friday that the ?-ks? 1/4 t mine in Turkey has achieved its first gold pour on schedule and ahead of budget. The gold pour occurred in the same week that the mine celebrated a safety milestone of two million work hours lost time injury free (LTIF).?-ks? 1/4 t now...Read More
Anglo American Minas Rio mine ore loading at export terminal A??u in Rio de Janeiro state, Brazil. October 2014.The once obscure Baltic Dry Shipping Index, which tracks some 50 bulk shipping routes around the globe came to prominence at the start of the Chinese-led commodity supercycle in the early 2000s. Of the freight rates tracked by the exchange, those for Capesize ships (so named because the...Read More
The First Cobalt Refinery is located in Ontario, Canada. (Image courtesy of First Cobalt) First Cobalt Corp. (TSX-V: FCC) announced Friday that it has increased its previously announced non-brokered private placement to accommodate demand. The offering has increased to 14.3 million units of the company at a price of C$0.14 per unit for gross proceeds of approximately C$2million. The company exp...Read More
Gosowong gold mine, Indonesia. Image by Newcrest. Newcrest (ASX: NCM) announced Friday it has signed an agreement to sell 100% of Newcrest Singapore Holdings Pte Ltd (NSH) which owns a 75% interest in PT Nusa Halmahera Minerals (PTNHM), which operates the Gosowong mine in Indonesia, and 100% of PT Puncakbaru Jayatama (PTPJ), which employs exploration personnel in Indonesia to PT Indotan Halmaher...Read More
The London Metal Exchange three-month lead price was higher by close of trading on Friday January 31, regaining the bulk of losses made earlier in the week against moderately low turnover, while tin futures similarly made gains over the afternoon.Lead's underlying price on the LME closed at $1,879 per tonne this afternoon, recovering from an intraday low of $1,828 per tonne, while turnover was at...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The price of stainless steel in the European domestic market was unchanged this week, despite monthly allow surcharges increasing slightly for February, sources told Fastmarkets on Friday January 31.In fact, prices are more likely to move down than up because of recent losses in the nickel market, sources said. The February surcharges are based on alloy component prices during the period December...Read More
Bob Moriarty ArchivesFeb 1, 2020In every precious metals cycle there comes a time where a company has good assets but for one reason or another has failed to garner traction and has to pretty much give away projects. That point came for Canarc (CCM-V) last year. They pretty much gave away a high-grade gold project with over a million ounces of gold in a current 43-101 to a junior that was little m...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Anglo confirmed no one was injured in the accident, which happened during a planned longwall move. The company said the collapse was triggered by a geotechnical issue.Analysts at Jefferies said while it was too early to say how long the mine, located in the Bowen basin in Queensland, would be offline, "if we assume the mine is down for the year, this would be a ~$350m Consolidated EBITDA hit for A...Read More
Adam HamiltonArchivesJan 31, 2020 The US stock markets dramatically surged mostly in a straight line since mid-October. This extraordinary rally started when the Federal Reserve announced it would resume expanding its balance sheet for the first time in years. The deluge of new liquidity from that quantitative-easing bond buying has again acted like rocket fuel for stock markets. After shooting ve...Read More
Key data from the pricing sessions in Europe, the United States and Asia for the week ending Friday January 31. Europe The high-carbon ferro-chrome market ticked up with demand continuing to recover and contract customers increasing their tonnages, according to some producers. But there were also reports of...Read More