Germany's Aachen Cathedral has dug out the relics of little-known Saint Corona, patron saint of resisting epidemics, from its treasure chamber and is polishing up her elaborate shrine to go on show once the coronavirus pandemic has passed.Read full newsRead More
U.S. stocks moved higher at the start of trade Thursday, following the Senate's approval the massive stimulus bill late Wednesday night. The Dow Jones...Read full newsRead More
"INVESTORS: Listen up! These guys had 2 huge #Silver finds at the beginning of the year and for the obvious reason, had a recent pullback.BUT... its time for the turnaround! Don't miss out!#Stillaffordable ??"^??"???',$CCW #Canadacobaltworks #Gowganda #Silvermine #MomentumStocks"Read full newsRead More
Ariana Resources (LSE:AAU) enjoyed a 10% lift on Thursday morning after announcing a watershed dividend payment from one of its subsidiaries. The Turkey-fo...Read full newsRead More
Ariana has built up a track record of successful operations in TurkeyRead full newsRead More
The COVID-19 pandemic is wreaking havoc on the economy. Very few industries are able to weather the storm. Even gold stocks aren’t immune, which has investors perplexed. Despite significant volatility, however, the price of gold is flat over the past month. In comparison, the iShares S&P/TSX Global Gold Index ETF (TSX:XGD) has lost approximately 8% of its value. Although much better...Read More
How cheap is silver?Well, if you’re measuring it against gold, silver has never been this cheap. The gold/silver ratio recently exploded past 120. Theoretically, that means you could buy 120 ounces of silver for one ounce of gold. An average gold/silver ratio is about 70, and it has been as low as 15.120 is unheard of. This has never happened in all of human history.If silver prices rise, I...Read More
Image courtesy of Seabridge Gold Seabridge Gold (TSX: SEA)(NYSE: SA) posted a net loss of $11.6 million ($0.19 per share) in 2019 compared to a loss of $19.9 million ($0.34 per share) in the previous year, the company stated in its year-end financial release on Friday.During 2019, Seabridge invested $30 million in mineral interests, primarily at its KSM project, compared to $37 million in 2018. T...Read More
Open pit at Constancia. Photo by Hudbay Minerals. The collapse of the copper price and the containment measures taken for the coronavirus pandemic are posing a significant risk to global copper mine supply and project development, Nick Pickens, research director at Wood Mackenzie said in a note this week.Day-by-day, mining companies are announcing revised plans to comply with new restrictions. "F...Read More
Natalka gold mine (Image: Polyus.) Polyus announced that, in cooperation with the Far East Development Fund ("FEDF"), it will co-found a fund to finance activities aimed at preventing the spread of covid-19 in the Russian Far East. The size of the fund is expected to reach RUB 1 billion (about $12 million) reflecting donations from different parties.FEDF and Polyus will donate a total...Read More
Mar 27, 2020 Guest(s): Daymond John FUBU Founder & Shark Tank star Daymond John grew his clothing line FUBU with forty dollars, a few sewing machines in his mother's basement and turned it into a $6 billion dollar fashion industry giant. He's also one of the original Shark Tank stars and has invested millions in making entrepreneur dreams come true. Now he is out with his latest book Power Shi...Read More
Image source: Caterpillar Inc. Caterpillar (NYSE: CAT) announced this week that the continued spread of covid-19 is starting to impact its supply chain. Caterpillar said it is continuing to run the majority of its US domestic operations and plans to continue operations in other parts of the world but is temporarily suspending operations at some facilities in affected areas. In February, Caterpill...Read More
The three-month copper price on the London Metal Exchange closed below the $4,800-per-tonne psychological threshold on Friday March 27, finishing at the day $4,790.50 per tonne with a turnover of just 11,475 lots.The underlying price hit an intraday high of $4,866.50 per tonne and a low of $4,768.50 per tonne on Friday.Copper's total LME on-warrant inventories remain high, at 177,025 tonnes o...Read More
A summary of the full-year financial performance of Chilean copper producer Codelco in 2019, as stated in its earnings report on Friday March 27.In brief Heavy rainfall in northern Chile alongside a strike at the Chuquicamata division reduced output during the first half of 2019, but activities recovered during the last half of the year. Codelco produced 710,000 tonnes in copper content durin...Read More
The Zambian government will remove the 5% import duty on metal concentrates to ease the pressure on copper and cobalt producers during global lockdowns imposed to halt the spread of the Covid-19 virus and and sharp declines in commodity prices. This is among a series of relief measures announced by the country's finance minister, Bwalya Ng'andu, on Friday March 27, in an official statement which a...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The copper concentrate spot market has become active in Europe, Japan and South Korea as smelters look to cover tonnages disrupted by shutdowns and logistics hitches. Chinese smelters remain well covered.Fastmarkets' copper concentrates TC index, cif Asia Pacific dropped to $63.20 per tonne / 6.32 cents per lb, down from $66.70 / 6.67 cents, its lowest since February 7.Impact of virus-led lockdown...Read More
Fastmarkets reviews the week's developments in South African ores and alloys supply following the lockdown order from President Cyril Ramaphosa on Monday March 23 amid the spread of Covid-19. Mines and smelters across the country were ordered to shut down by midnight on March 26. South Africa's largest manganese miner declares force majeure Miner Tshipi e Ntle declared force majeure on mangan...Read More
Bob Moriarty ArchivesMar 27, 2020We have entered a depression that is going to turn our world upside down. Before it ends the general stock market will be down 85-92%, banks will close and governments fall. People still do not realize the impact of the Coronavirus. It will kill tens of millions of people in the world before it fades away. It will change how we physically interact with each other.T...Read More
A summary of the full-year financial performance of Chilean copper producer Codelco in 2019, as stated in its earnings report on Friday March 27.In brief Heavy rainfall in northern Chile alongside a strike at the Chuquicamata division reduced output during the first half of 2019, but activities recovered during the last half of the year. Codelco produced 710,000 tonnes in copper content durin...Read More