Newfoundland welcome sign. Photo by Pierre Thiffault, Pexels. New Found Gold has hit a high-grade, lengthy intercept in its first drill hole at its Queensway gold project, in Canada's Newfoundland province, thanks to exploration targeting supported by GoldSpot Exploration's artificial intelligence technology.The hole intersected 19 metres of 92.86 g/t gold and 6 metres of 285.2 g/t gold. The mine...Read More
Tlamino project. Credit: Medgold Resources Medgold has released a maiden inferred mineral resource of 7.1 million tonnes grading 3 g/t gold-equivalent for a total of 680,000 gold-equivalent oz. for the Barje prospect within the Tlamino project in Serbia.In addition, initial metallurgical test results suggest gold recoveries to concentrate of 88.2% to 90.5% based on bulk rougher flotation tests.In...Read More
The three-month zinc price on the London Metal Exchange closed at its lowest level in more than three years at the close of trading on Thursday January 30, settling below the nearby $2,200 per tonne support level, while the price of copper futures continued to decline over the afternoon.Zinc's outright price closed at its lowest level since July 2016 on Thursday afternoon, falling to a closing pri...Read More
The chief financial officer of copper producer Antofagasta, Alfredo Atucha, will retire on March 31, with Mauricio Ortiz appointed to replace him, the company said on Thursday January 30.Ortiz is currently the vice president of finance for the group's mining division and has been working for Antofagasta since 2015. Atucha first joined the miner in 2013."I want to thank Alfredo for his...Read More
The three-month nickel price on the London Metal Exchange was marginally higher during morning trading on Thursday January 30, supported by a fresh cancelation of 11,874 tonnes, while copper's downturn continued. Nickel's outright price on the LME was recently seen at $12,720 per tonne, with some 1,300 lots exchanged as of 9:20am London time. Nickel's price action has significantly weakened o...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday January 30 that are worth another look.The Wuhan coronavirus will likely influence fundamentals in China's steel market and Chinese export trends in the near future, sources told Fastmarkets this week.Zinc's weak fundamentals are finally catching up with prices, after being softened by a selloff sparked by concerns about the co...Read More
The company changed name from 21C Metals mid-month to reflect its focus on its flagship East Bull project in Ontario, which has an inferred 523,000 ounce palladium-equivalent resource.Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ) is pleased to announce that it has closed a non-brokered private placement (the "Placement") for gross proceeds of CDN$500,001.60.The Placement consisted of 833,336 units (the "Units") of the Company at a price of $0.60 per Unit. Each Unit consists of one common share and one common share purchase warrant, with eac...Read More
The project proposal is the culmination of a process that has seen the company repeatedly sanctioned by environmental authorities related to the pellet plant and requiring the progressive reduction and eventual elimination of the deposition of tails in the sea, as it has done for the past 40 years, according to the company's 2018 annual report.In January 2018, the SMA environmental superintendent...Read More
Zinc's weak fundamentals are finally catching up with prices, after being softened by a selloff sparked by concerns about the coronavirus outbreak in China.London Metal Exchange 3-month zinc futures fell on Thursday January 30 to their lowest level since July 2016, trading at $2,182 per tonne, down by 10.5% since the market opened on January 22. Cash zinc prices on the bourse were down by 11.4% ov...Read More
By: Gary SavageGold traders can be too emotional and unless they can find a way to change that, they will not find success in the investment business.$GDX's big picture, resistance around 32 area. Bullion banks are heavily short and lost control of gold..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold has had the highest close in months! This is not bad action. Daily chart shows back filling. 18-DMA holding up market.. Read More
Just trade in the technical till Monday. Trump and his impeachment could be closed by Friday. This can result in some mild correction in gold. It remains to be seen how the prices in all metals and energies will move once China reopens. Various US jobs numbers will be released next week. Focus will be on global economy next week. Fundamentals will dictate price of all metals and energies next we...Read More
A mixture of fears over supply disruptions amid the Wuhan coronavirus outbreak and low stocks in Rotterdam are giving European traders enough leverage to increase their offers substantially, which has already an effect on prices.Fastmarkets' manganese 99.7% electrolytic manganese flake, in-whs Rotterdam price assessment rose to $1,725-1,800 per tonne on January 29, up by 3.7% from $1,680- 1,720 pe...Read More
The Turkish deep-sea scrap import market has gone quiet since the recent slip in prices, sources told Fastmarkets on Thursday January 30.The daily scrap indices went down by almost $10 per tonne on Wednesday, when a US cargo was heard sold at $275 per tonne cfr for HMS 1&2 (90:10).But the mills have mostly been quiet in the wake of this cargo deal, because they were still focused on rebar and bill...Read More
"The reality is the sector remains unthawed. We haven't seen a whole lot of activity on the market. I think the utilities are waiting to see what happens next. "We're out of the Section 232 piece ...Read More
Japanese scrap prices continued to tumble this week, pushed down by disappointing demand in both the domestic and export markets, sources told Fastmarkets on Thursday January 30. "Steel mill production and demand in Japan is not so good, so scrap prices are decreasing, but scrap generation is also poor," one scrapyard source said "So even though the local mills' buying prices are falling, I don't...Read More
John Meyer, Sergey Raevskiy and Simon Beardsmore of SP Angel clinched the top spot on the base metals leaderboard for the Apex fourth-quarter 2019 predictions, with an accuracy rating of 99.29%, while Rhona O'Connell of INTL FC Stone came top for precious metals with a rating of 99.26%.For steel raw materials, ABN Amro's Casper Burgering topped the leaderboard with a 97.44% accuracy score.Click on...Read More
Domestic prices for hot-rolled coil have been fairly stable in the north of Europe, but the mood is positive, supported by good order books at the steel mills and a lack of competitive import offers, sources told Fastmarkets on Thursday January 30.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?467.57 ($514.66) per tonne on Thursday January 30, up by ?,?0...Read More
Today is Thursday, January 30, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,586.35. It's up 0.59% from yesterday and up 2...Read More