NV Gold Corporation is pleased to announce a non-brokered private placement of units of the NV Gold for gross proceeds of up to CDN$750,000.Read full newsRead More
Emgold Mining announces it has signed a Property Acquisition Agreement and will sell its Stewart and Rozan Properties to Ximen Mining Corporation.Read full newsRead More
Brixton Metals Corporation has commenced a 1,000m drill program at its wholly-owned Langis Mine property in the Cobalt Camp, Ontario, Canada.Read full newsRead More
Deep-South Resources Inc. announces that it has appointed Mr. Paul Smith to its Board of Directors and has appointed Ms. Chantelle Collins as CFO.Read full newsRead More
Image courtesy of Eric Schrader on Flickr The International Copper Association (ICA) has announced its creation of the 'Copper Mark,' a global standard to ensure responsible production and trading of copper. The ICA's more than 500 global program partners bring together the copper industry to develop and defend markets for copper and to make a contribution to society's sustainable-development...Read More
Following the recent sharp oil price falls, the risks to the price outlook have now shifted dramatically to the upside. (File image) The impact of the coronavirus has sent shockwaves across the oil market, says Oxford Economics, an independent global advisory firm. In its latest publication, Oxford has lowered its year-over-year global demand growth forecast in 2020 to 0.72 mb/d from 1.09 mb/d pr...Read More
Drilling at Candelones Extension Credit: Unigold Unigold has released the results of two holes completed at the Candelones Extension deposit, within its 226-sq.-km Neita concession in the Dominican Republic. The latest drilling extends two targets within the Candelones Extension and suggests a new zone of stockwork sulphide mineralization.Drill highlights include 129.5 metres of 1.29 g/t gold in...Read More
Cat 6030 hydraulic shovel. Credit: Caterpillar Caterpillar has launched the Cat 6030 hydraulic mining shovel, which is available in configurations that meet strict North American and European diesel emissions standards. The 6030 retains a 30-tonne payload capability and is powered by a pair of fuel-efficient Cat C27 engines. It also features Product Link Elite, which enables data communications f...Read More
An aerial view of the Tiger gold deposit (Credit: Atac Resources) Atac Resources' (CVE: ATC) stock closed at $0.18 per share, down 7.9% on Thursday after the Vancouver-based junior unveiled a new preliminary economic assessment (PEA) for its Tiger deposit in Canada's Yukon territory.Investors pushed the stock down in double the usual trading volume, affording Atac a market value of $28 million on...Read More
By John R. Ing, President and CEOMaison Placements Canada Inc.In his State of the Union victory lap, the president crowed that the "great American comeback" entered this decade with the longest bull run in American history. Unsaid is that in dancing to all time highs, the bond and stock markets are priced for perfection. In normal times, this would not be as dangerous as it is today.Early in his t...Read More
Here are five Fastmarkets stories you might have missed on Thursday February 27 that are worth another look.A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Growing Chinese copper output and an imbalance in trade terms between China a...Read More
The London Metal Exchange three-month zinc price trended lower over the course of Thursday February 27, briefly touching an intraday high of $2,057 per tonne before falling to a closing price of $2,012 per tonne amid a turnover of fewer than 10,000 lots.The forward spreads remained favorable for holding onto the galvanizing metal, with the benchmark cash-to-three-month spread recently trading in a...Read More
Growing Chinese copper output and an imbalance in trade terms between China and the west have led to a rising need for the European copper industry to guard its interests, panelists at Fastmarkets' International Copper Conference in Amsterdam said on Thursday February 27."It's difficult to say [European copper market participants] don't have to worry," chief metal officer Marco Calamia from one of...Read More
Bob Moriarty ArchivesFeb 27, 2020Exactly a month ago I warned that the Corona Virus outbreak was going topop the “Everything Bubble.” I did something fairly subtle. I buried my main message under a whole heap of cow manure. It doesn’t make a rat’s ass if I was right or wrong about calling for a market crash in October or the Fed dumping piles of new crisp $100 bills onto a...Read More
Growing Chinese copper output and an imbalance in trade terms between China and the west have led to a rising need for the European copper industry to guard its interests, panelists at Fastmarkets' International Copper Conference in Amsterdam said on Thursday February 27."It's difficult to say [European copper market participants] don't have to worry," chief metal officer Marco Calamia from one of...Read More
The manufacturing purchasing managers' index (PMI) and services PMI, scheduled to be published on Saturday, will be the first data release from Beijing to fully reflect the impact of the coronavirusRead More
The Chinese domestic price for silico-manganese has drifted downward significantly in recent assessments because some alloy smelters reduced their offer prices to attract buying interest and generate cash amid the sluggish demand circumstances created by the outbreak of the 2019-nCoV coronavirus, market participants have told Fastmarkets.Fastmarkets' latest assessment of the price of silico-mangan...Read More
Key data from the Wednesday February 26 pricing session in Shanghai.Key drivers: Supply shortage in tungsten concentrate market prompted higher offers, though no deals were concluded. Some concentration plants...Read More
By: Carolyn BorodenGold has potential upside to 1709.41 in the futures (GC) as long as two support areas hold. There's initial support at the recent low near 1626, and a wide cluster of support at symmetry projections between 1614.80 and 1621.30.As long as price holds above one of these two zones, we can begin to look at buy triggers. If price breaks beneath there, we'll back off until furth...Read More
Gold should start another wave of rise. Silver will now behave like a precious metals and not an industrial metal. Even USA is preparing for corona virus outbreak. Lack of demand from global tourism industry should result in crude oil prices sliding. Next week will be a big week for bulls and bears of gold. If economic data releases wins then gold prices will correct more. If corona virus wins t...Read More