Management of Sirios Resources Inc. (TSXV:SOI) is pleased to report on the planned and ongoing work on its four gold properties.Read full newsRead More
ECR Minerals (LON:ECR) CEO Craig Brown speaks to Proactive London's Andrew Scott soon after returning from Australia where he says they've had numerous approaches and a number of site visits regarding potential deals for its assets in Victoria.Read full newsRead More
".@GoldgroupMining $GGA saw the week's biggest #TSX gains. Which others won out on the index this week? $ORA $ELD $SAU $OXC https://t.co/LWMxtW3omA #investing #gold #oil #stocks"Read full newsRead More
Before their recent surge on gold regaining $1600, the gold stocks spent much of the past half-year or so largely drifting sideways to lower. That high consolidation really weighed on sentiment, with greed giving way to apathy. This sector normally tends to suffer a seasonal slump into mid-March, paving the way for gold stocks' spring rally. That's their second-strongest seasonal surge of the year...Read More
Kirkland Lake Gold (TSX:KL)(NYSE:KL) is one of my favourite gold stocks of all time.At the start of 2019, I’d highlighted a hidden cash flow opportunity that the market was ignoring. “There’s a secret ingredient that few investors are talking about, but it has the potential to scale massive amounts of free cash flow from rising profits,” I wrote.I’d concluded that 201...Read More
El Salvador mining camp. (Image courtesy of Codelco via Flickr) Codelco has received an environmental permit for a $1 billion expansion of its Salvador mine, the state-controlled copper company said on Friday.The Rajo Inca project will increase production at Salvador to 90,000 metric tonnes per year of copper, up around 30% from current levels.Reserves at the underground operation at Salvador ar...Read More
The West Kenya project has received about $55 million in exploration investment. (Image courtesy of Shanta Gold | Twitter.) Shanta Gold (LSE: SHG) released on Friday its final results for 2019, reporting revenue of $112.8 million, up from $103.8 million in 2018.The miner's focus remained on its flagship asset, the New Luika gold mine, in Southwest Tanzania, throughout the year, it said. The compa...Read More
After yesterday's 1,000-point drop in the Dow - which is strange to think of as only 3% - and today's drop looking like it'll settle around 750 to 800, we are in a tough place.But we aren't in completely uncharted territory.You can find plenty of articles around comparing the current coronavirus outbreak to past outbreaks, and I'd bet there are more of them than you'd remember.Here is a handy cond...Read More
Excavators dig rare earth on a field of Jiangxi Copper Corp's Sichuan branch in Chengdu, Sichuan Province of China. (Image by 62|Shutterstock) The impact of the coronavirus has been felt on a range of markets as well as the macroeconomic performance of the Chinese economy during early 2020. The rare earths industry has not been exempted from these factors, as many Chinese processing facilities...Read More
Palladium (Shutterstock Image) The gold price plunge on Friday hammered other precious metals as well, with palladium marking its worst performance since the 2008 financial crisis, down more than 10%.With stocks in free fall, investors usually turn to gold as a haven of last resort. On Friday, things got so bad that they had to cash in on the metal to cover losses in other markets, spurring its...Read More
The Amulsar gold project is located in the mountainous south of Armenia. The area is home to several endangered animal species. (Image courtesy of Lydian International) Lydian International made further progress in the proposed restart of its controversial Amulsar gold project this week, as the Administrative Court of Armenia has ruled in favor of the company and invalidated eight out of ten fin...Read More
Before their recent surge on gold regaining $1600, the gold stocks spent much of the past half-year or so largely drifting sideways to lower. That high consolidation really weighed on sentiment, with greed giving way to apathy. This sector normally tends to suffer a seasonal slump into mid-March, paving the way for gold stocks' spring rally. That's their second-strongest seasonal surge of the year...Read More
Feb 28, 2020 Guest(s): Jim Rogers Coronavirus fears continued to move stocks towards the worst week since the financial crisis. What is the key to navigating this sell-off? Joining Daniela Cambone for an exclusive interview is legendary investor Jim Rogers.The Dow Jones Industrial Average dropped 900 points, or more than 3%, and traded below 25,000. The S&P 500 slid 2.6% and gold futures we...Read More
The London Metal Exchange three-month lead price slipped below $1,800 per tonne temporarily on Friday February 28, on a day that saw just over 6,000 lots traded.The LME lead price fell to $1,778.50 per tonne during morning trading hours in London, but recovered to close at $1,848 per tonne.The forward spreads in lead remained tight, with the benchmark cash-to-three-month spread...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Fastmarkets has discontinued the publication of three base metals premiums, devised via calculation, after a month-long consultation.The three premiums, calculated on a $/lb basis, are as follows:MB-AL-0232 - Aluminium P1020A premium, ddp Midwest US, $/lb (twice weekly) and the associated aluminium P1020A premium, ddp Midwest US, $/lb monthly average MB-PB-0057 - Lead 99.97% ingot premium, ddp Mid...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
A surge in Chinese high-carbon ferro-chrome production last year led to a jump in buying interest for chrome ore, resulting in a significant build-up of ore inventories in the country that is dampening market sentiment. At the same time, the increased output among Chinese ferro-chrome smelters is exceeding demand from the downstream stainless steel sector and is putting pressure on China's market...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday February 28. China Novel coronavirus (2019-nCoV) continues to weaken sentiment for seaborne ore prices amid sharp falls in portside and alloy prices. Portside prices fell on aggressive bids...Read More
Forrest bought 22.1 million shares on market between last Friday and yesterday. FMG shares peaked at $12.Read More