Pickle Crow. Credit: First Mining Gold Perth, Australia-based junior Auteco Minerals has signed a deal with First Mining Gold to earn up to an 80% interest in the Pickle Crow gold project in northwestern Ontario.Under the agreement, Auteco will spend C$10 million over five years on exploration, and issue cash payments totalling C$4.1 million as well as 125 million Auteco shares to First Mining.Pi...Read More
Jan 28, 2020 Guest(s): Gianni Kovacevic Executive Chairman, CopperBank America is losing the trade war with China, and the Phase One deal was just political posturing ahead of the November presidential election and won't really have any real economic impact, this according to Gianni Kovacevic, executive chairman of CopperBank. "The Chinese won the trade tariff war," Kovacevic told Kitco News on...Read More
Jan 28, 2020 Guest(s): Denis Laviolette President, CEO & Director, GoldSpot Discoveries Artificial intelligence is playing a larger role in the mining space, with one company taking on the task of collecting and sifting through large data sets for miners. Denis Laviolette, CEO of GoldSpot Discoveries, said that there are some common misconception around the term "A.I.""The overall field of data...Read More
Aluminium premiums in Europe continued to buck the general trend in the week ended Tuesday January 28, rising further while premiums in Asia and the United States were static.Rotterdam duty-unpaid premium climbs to highest since August US Midwest premium holds at 23-month low Domestic Brazil premium edges higher Asia premiums static due to lunar new year holiday. Tight availability fuels European...Read More
Weekly Reports |Jan 28 2020The uranium market is again in stasis as several lingering issues provide for collective uncertainty.-No response yet to White House Working Group recommendations-No indication regarding Iran sanction waiver expiries-No interest from buyersBy Greg PeelThe global uranium industry has begun 2020 with the same issue besetting it in 2019 - uncertainty.It was two years ago t...Read More
The London Metal Exchange three-month nickel price hit a seven-month low at $12,550 per tonne on Tuesday January 28, precipitated by risk-off selling while the uncertainty in Asian markets mounts due to China's growing coronavirus epidemic. "All eyes have been on the underlying nickel price with the market hitting a seven-month low on the coronavirus outbreak. Funds have shifted into risk-off mode...Read More
Chilean copper content in mine production is estimated to reach 7.04 million tonnes in 2030, rising by 19.7% from 5.88 million tonnes expected in 2019, the country's copper commission Cochilco announced.Cochilco used the current project pipeline in the country as a basis for calculating production trends, it said on Monday January 27. In a bullish scenario, output could hit 8.08 million tonne...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJan 28, 2020The question most gold bugs are probably asking themselves right now is this: How high must gold bullion go before the gold stock ETFs stage their own key breakouts and rally alongside gold?The answer, quite simply, is:Higher than the price is today.Disappointment and surprise...Read More
Chilean copper content in mine production is estimated to reach 7.04 million tonnes in 2030, rising by 19.7% from 5.88 million tonnes expected in 2019, the country's copper commission Cochilco announced.Cochilco used the current project pipeline in the country as a basis for calculating production trends, it said on Monday January 27. In a bullish scenario, output could hit 8.08 million tonne...Read More
Key North American and European market indices closed higher yesterday but Australasian markets were mixed, with China's stock exchanges closed for an extended holiday to February 3 due to the spread of the coronavirus.WHO said yesterday 4,593 cases had been confirmed globally, with 56 outside of China in 14 countries. Inside China there were 106 deaths, 976 severe cases and 6,973 suspected to hav...Read More
Broda points to the fact China consumed about 35% of the world's iron ore and 20% of its copper in 2003, but in 2019 those percentages had swelled to about 70% and 50% respectively."In our view, even a less virulent disease could create more impact than comparisons to 2003 and this appears to be what the copper and iron ore markets are telling us, down 7% and 10% respectively over the past 5 days,...Read More
Glencore have appointed Mike Westerman to the position of acting head of copper assets following the departure of Mike Ciricillo.Westerman accepts the role after having been chief operating officer of Glencore's Australian copper assets for several...Read More
Stewart Thomson, Graceland Updates 1. The question most gold bugs are probably asking themselves right now is this: How high must gold bullion go before the gold stock ETFs stage their own key breakouts and rally alongside gold?2. The answer, quite simply, is: Higher than the price is today. Disappointment and surprise are part of investing. 3. So is diversification, a...Read More
By: Ira EpsteinGold in a saucer-pattern. Swing-lines, bias is up as price remains above the 18-dma. Read More
Gold and silver fell yesterday (from the day's high) after USA opened as traders booked profit on long positions. Traders have started ignoring the corona virus and started focusing on other economic issues and political issues. FOMC meet tomorrow can have surprises in light of Chinese corona virus. Corona virus can have a very big impact on Chinese consumer spending in February. Industrial meta...Read More
ANLA issued an administrative document indicating AngloGold Ashanti had complied with all the established requirement and provided the environmental authority with all the information and documentsRead More
Mexican steel scrap prices changed little in the week ended Friday January 24, with market participants waiting to see a clearer definition of the international price trend.Until the previous week, Mexican prices had shown consecutive price rises, but this was interrupted by a shift in the global trend for the raw material.Fastmarkets' weekly assessment of the steel scrap No1 heavy melt consumer b...Read More
The Turkish deep-sea scrap import markets have remained quiet since yesterday, with both sellers and buyers holding back from the markets, sources said on Tuesday January 28.The mills in Turkey have booked only two deep-sea cargoes in the past two weeks because of the sluggish rebar and billet markets in the country.Late on January 22, a steel mill in the Iskenderun region booked a UK cargo compri...Read More
Ontario's government is supporting business expansions and startups in Northeastern Ontario by investing in four projects, creating 18 jobs.Parliamentary Assistant Dave Smith, on behalf of Greg Rickford, Minister of Energy, Northern Development and Mines, was in the Mushkegowuk-James Bay area to announce investments of over $2.8 million through the Northern Ontario Heritage Fund Corporation (NOHFC...Read More
Share this articleTORONTO - Investors have endorsed the all-stock sale of Detour Gold Corp. to Canadian rival Kirkland Lake Gold Ltd. in a deal worth $4.34 billion based on the buyer's closing stock price on Monday.In separate votes held Tuesday, Detour shareholders voted 86 per cent in favour of the proposal, while nearly 99 per cent of the shares voted by of Kirkland Lake shareholders also ba...Read More