Aerial view of the plant at Aurizona Gold Mine in Brazil (foreground) and Piaba Pit (background). (Image courtesy of Equinox Gold.) In the second quarter, producer Equinox Gold generated a total of 127,016 oz. at all-in sustaining costs of $900 per oz. sold, from six mines in the Americas.Despite the covid-19 pandemic, Equinox still recorded its highest quarterly gold production in the quarter....Read More
Gold has now broken through $2,000 and sits at all-time record-high prices.It shows no sign of slowing down yet (though some gold stocks are getting a bit overextended and due for a bit of a pullback before carrying on their upward march).If it hasn't come into focus for you yet, let's open your aperture.For years - since 2008, really - global banks have conspired to keep rates artificially low. W...Read More
Canada had a wake-up call this year when oil briefly traded at negative prices. It put energy diversification firmly on the agenda. While the oil industry arguably has a few years left in it, there are alternatives massing on the horizon.Clean energy is a high-growth sectorShould energy investors overlook an estimated 77.4% annual earnings growth over the next one to three years? This key uranium...Read More
Destruction caused by spilled tailings from the C??rrego do Feij??o iron ore mine in January 2019. (Image courtesy of Felipe Werneck | Ibama.) The Fire Brigade of Minas Gerais announced it will resume on August 27th the search for still missing bodies of 11 victims of the dam collapse in Brumadinho last year, which killed 270 people. Work was halted on March 21 due to pandemic protocols. The res...Read More
Pit operations at SSR Mining's Marigold gold mine in Nevada. Image from SSR Mining. A total of $8.86 billion worth of M&A deals were struck in the metals and mining industry globally during the second quarter of 2020, according to the latest report from GlobalData.This value represents an increase of 29.1% over the previous quarter and a decline of 14.4% when compared with the last four-quarter a...Read More
Aug 11, 2020 Guest(s): Joe Foster Portfolio Manager This gold price correction is just a case of price consolidation, and the longer-term bullish picture still remains intact, said Joe Foster, portfolio manager of the VanEck International Investors Gold Fund, who maintains a $3,400 an ounce price target."We've been looking for a pullback in the gold market. Nothing goes straight up forever. We h...Read More
Clayton Valley project. Credit: Cypress Development Corp. Cypress Development (TSXV: CYP) on Tuesday released an updated mineral resource estimate for its Clayton Valley lithium project in Nevada, showing an approximate 55% increase in total resources over the estimates found in the May 2020 prefeasibility study (PFS).Measured resources increased to 574.1 million tonnes, averaging 1,081 ppm Li or...Read More
Aug 11, 2020 Guest(s): Karl Moore Professor, Strategy & Organization, McGill University The pandemic has blindsided much of the corporate world, and this will not be the last time that we see a 'black swan," or rare catastrophe, affect the economy, said Karl Moore, professor of strategy and organization at McGill University."We're going to have understand that the black swan is not an unusual an...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 11 that are worth another look.China is turning to mergers, acquisitions and mine shutdowns to maintain its drive toward energy reform and the use of fewer fossil fuel resources.Zinc premiums in Singapore and Malaysia...Read More
The three-month price of lead on the London Metal Exchange was the standout performer at the close of trading on Tuesday August 11, climbing by 3% and breaking past nearby resistance, while a continued uptick in producer inflation from the US further supported buying momentum in the afternoon.Lead's outright price on the LME closed at $1,960.50 per tonne on Tuesday afternoon, recovering from an in...Read More
Zinc premiums in Singapore and Malaysia have dropped to their lowest annual level - and since Fastmarkets began assessing the market - while stocks begin to pile up in regional warehouses, trading sources said.Fastmarkets assessed the zinc SHG 99.995% ingot premium, fca Singapore at $85-95 per tonne on Tuesday August 11, down from $90-100 per tonne the week previously and $100-110 per tonne at the...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 11 that are worth another look.China is turning to mergers, acquisitions and mine shutdowns to maintain its drive toward energy reform and the use of fewer fossil fuel resources.Zinc premiums in Singapore and Malaysia...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comAug 11, 2020 Gold is at a point where most of the horrific Corona crisis news is priced in, the US economy continues to strengthen, and not enough government handout money has been spent by Main Street to create inflation. As I’ve been saying for several days, gold is likely to ente...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 11 that are worth another look.China is turning to mergers, acquisitions and mine shutdowns to maintain its drive toward energy reform and the use of fewer fossil fuel resources.Zinc premiums in Singapore and Malaysia...Read More
It was worth $28.72/oz at the time of writing, while gold was about $2,014/oz.Russia-focused silver miner Silver Bear Resources (TSX: SBR) was among the metals and mining stocks on the rise in Toronto, gaining 15%.Meanwhile US-China tensions continue and the number of COVID-19 cases globally has just passed 20 million.Elsewhere, copper gained about 1.4% on the London Metal Exchange and aluminium w...Read More
Lucara's Q2 revenue of US$7.5 million came via the sale of stones smaller than 10.8 carats. The company decided in March not to tender any diamonds in excess of that size, instead agreeing to sell Read More
The latest data for the global manganese ore market for the week ended August 7, 2020.Read More
Portside prices for both low- and high-grade manganese ore in China rose in the week to Friday August 7, snapping a run of six consecutive weekly declines, after traders raised their offer prices in response to strength in the seaborne market.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was at 35 yuan ($5.02) per dry metric tonne unit (dmtu) on August 7 - eq...Read More
Ferrous scrap prices in the Mexican steelmaking regions of Monterrey and Baj?-o increased week on week because of continued improvement in demand.Many market participants reported average price increases of 200 pesos ($8.91) per tonne for most grades of scrap during the week ended Friday August 7, while other, less common price increases were reported in the range of 150-400 pesos ($6.68-17.82) pe...Read More
Domestic prices for ferrous scrap in Italy moved down slightly in the month to Tuesday August 11, with demand for the raw material reduced by scheduled maintenance outages during the month.Most Italian steel producers stopped production for summer maintenance work in August, but some have changed their schedules this year and planned shorter stoppages with demand recovering from the Covid-19-relat...Read More