U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was a drop to 215,000 from upwardly revised 227,000 last week. Actual was 227,000. Consensus for the November Philly Fed Index was an increase to 7.0 from 5.6 in Oc...Read More
The Chinese cobalt sulfate price fell again in the latest pricing session, under constant pressure since mid-October from significantly shrinking buying appetite amid a bearish near-term outlook for electric vehicle (EV) development. Fastmarkets' assessment of the cobalt sulfate 20.5% Co basis, exw China price dropped to 44,000-46,000 yuan ($6,248-6,532) per tonne on Wednesday November 20, do...Read More
An overview of the minor metals markets and their latest price moves.Read More
Dear Rich Lifer,As the weather gets colder here in the US, and the dulcet tones of Christmas music permeate the air in every store, you might start to get in the holiday mood…You might even start shopping or planning your gifts a little early...But if you're thinking about buying online and having items delivered to your home, you might want to think again...Because package theft (also known...Read More
Dear Rich Lifer,No one wants to move into a nursing home.But the reality is almost 70 percent of today's 65-year-olds will need long-term care at some point, according to the U.S. Department of Health and Human Services.Whether you want to move into a nursing home or not, you might not have a say.And because so many retirees are in denial of this fact, there's a severe lack of long-term care plann...Read More
Dear Rich Lifer,'There's a myth that living trusts are only for the wealthy…'That's how the pitch starts.Living trusts, formerly known as revocable trusts, are marketed as a way for people to avoid the hassles and costs of probate.But what these slick salespeople won't tell you about living trusts is what I'm going to share today.Before we get too far along, let me start by saying that livin...Read More
2nd High Potential Nevada Exploration Project on the Carlin TrendELKO, Nevada, Nov. 21, 2019 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) is pleased to announce it has updated its corporate website to include a section on the Maggie Creek exploration project on the Carlin Trend in Nevada. U.S. Gold Corp. previously announced the acquisition of Orevada Metals, Inc., which holds the right to e...Read More
Galena provides a leading lightSPONSOREDgalena mining"Because China's smelting capacity is still expanding, we need to make sure we have the raw materials to work with.Read More
Galena provides a leading lightSPONSOREDgalena mining"The company and its advisors are feeling out interest among mining companies already operating in Peru for the copper and gold project which could raise up to US$500 million, said CEO Don Lindsay,Read More
Galena provides a leading lightSPONSOREDgalena miningSales for the period fell 36% to $9.6 million compared with $14.9 million in the prior year period as its second scheduled shipment was delayed into the fourth quarter. The company recorded a net profit of $3 million in the same period of 2018."This quarter we had record production and achieved a very competitive all-in sustaining cash cost of $...Read More
Following a strong first half of 2018, the balance of the year and most of 2019 was disappointing for the diamond industry. The most recent 18-month stretch has been described as a "very challenging environment" and even a "crisis." The third significant industry lull in the decade-and-a-half since the dismantling of the De Beers monopoly seemingly indicates that the diamond industry is yet to fin...Read More
They say it's darkest before the dawn.Let's hope that holds true for the diamond sector.We try to strike a hopeful note here at Diamonds in Canada about an industry that's become such an inspiring and Canadian story about perseverance, determination, and the ability to adapt and change.But conditions have become very difficult of late. As Paul Zimnisky points out (see page 6), we are currently in...Read More
Rising electric vehicle (EV) adoption is driving a massive transformation in lithium-ion battery production. "Back in 2015, there were three lithium-ion battery megafactories [built or in development] - we're now up to 99," says Andrew Miller, Benchmark Mineral Intelligence's head of price assessment."We have seen a huge wave of companies enter this market, a lot in Asia, which is really the lithi...Read More
SilverCrest Metals (TSX: SIL; NYSE: SILV) has discovered a new high-grade zone outside the resource area at its Las Chispas project in Sonora, Mexico.The discovery hole - 19-118 - returned 9 metres grading 44.30 grams gold per tonne and 4,551.3 grams silver per tonne for 7,873 grams silver-equivalent per tonne, starting from 304 metres downhole. Another hole, 19-123, cut 6 metres grading 3.54 gram...Read More
Glencore's (LON: GLEN) decision earlier this month to permanently close its Brunswick lead smelter in New Brunswick by the end of the year, won't interfere with the lead concentrate Trevali Mining (TSX: TV) produces at its Caribou mine, the company says."While our Caribou mine sells its concentrate to Glencore, Glencore is responsible for sourcing which of its global smelting operations or third-p...Read More
John Hathaway, chairman of Tocqueville Management Corp. and co-manager of the Tocqueville Gold Fund, joined Anthony Vaccaro, The Northern Miner Group publisher, at the November 2019 Precious Metals Summit in Zurich to discuss the state of the gold investment space. The following is an edited transcript of the interview. The full video is available here.Anthony Vaccaro: You have had 25 years as a l...Read More
Macarthur's high-grade iron project set to rollSPONSOREDGalena provides a leading lightSPONSOREDgalena miningNickel discoveries put St George on investors' radarSPONSOREDst george miningUniversity of Delaware launches Minerals, Materials and Society programSPONSOREDuniversity of delawareDavey began a pitch to a gathering of investors in Melbourne recently by talking about the zinc market.Read More
"@marketcall Can we please get @JosefSchachter thoughts on Canadian Natural Gas (AECO) prices this winter and on the company Painted Pony? Thanks"Read full newsRead More
Germany's cartel authority said on Thursday it was fining the country'...Read full newsRead More
South African mining firm AngloGold Ashanti reached an agreement with Guinea...Read full newsRead More