Chinese minor metal, ore and alloy markets had mixed reactions to news of an extended South African lockdown.South African President Cyril Ramaphosa on Thursday April 9 extended the national lockdown by a further two weeks from the initial 21-day lockdown announced on March 26 to stem the spread of Covid-19, which has caused multiple mines and smelters across the country to shut dow...Read More

China's export price for grade-553 silicon fell to a five-and-a-half-month low on Friday April 10 following the emergence of lower offers from traders amid persistently weak foreign demand.Fastmarkets' weekly price assessment for silicon export 98.5% Si min, fob China was $1,380-1,440 per tonne on April 10, down by $60-90 per tonne or 5.1% from $1,470-1,500 per tonne a week earlier. The latest ass...Read More

An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More

Management at Alamos Gold's (TSX: AGI; NYSE: AGI) headquarters in Toronto have confirmed that the company's wholly owned Mulatos gold mine in Mexico was robbed last week.A group of five heavily-armed robbers made off with an undisclosed amount of gold in a small aircraft that landed on an airstrip owned by the company near the heap-leach mine in Sonora state."We are fully insured on the stolen dor...Read More

O3 Mining (TSXV: OIII) has released drill results from four zones at its East Cadillac property, 40 km east of Val d'Or, Quebec. The drilling targeted new areas of mineralization within two gold-bearing corridors at the property: the northern and southern corridors, which are splays off of the easternmost section of the regional Cadillac Larder Lake Fault (CLLF).Drill highlights include 7 metres o...Read More

S&P Global Ratings has cut its global GDP growth forecast for 2020 to 0.4%.Earlier this month, it lowered its GDP growth forecast for China to 2.9% from its previous estimate of 5.0% in February, and predicted GDP in the U.S. will fall 1.3% this year and drop 2% in the Eurozone.In the metals and mining space, S&P Market Intelligence believes the pandemic will lead to a 29% drop in exploration budg...Read More

Bank of America Securities estimates global demand for aluminium will fall by 7.2% year-on-year in 2020 while supply will likely increase by 2%.Prices for the metal already have plunged by 19% so far this year, the bank warned, and "the combination of outright production increases and falling consumption is not sustainable in our view."COVID-19 "has severely impacted global activity," BofA Securit...Read More

IsaMill, a fine grinding technology that has made a name for itself on the market over the last 25 years as the world's only horizontal fine-grinding mill, always had advantages. But key design changes have now made it even more competitive.Its original incarnation was engineered 25 years ago in Australia, where a complex orebody required a finer grind than any existing mill could deliver. What be...Read More

"Vale #Nickel Guidance Lowered for 2020: Vale has lowered its 2020 nickel guidance to 200-210kt from 240kt previously. No details on where production is being trimmed, but does note that it will only be producing Ni hydroxide from VNC after shutting the refinery. (source: BMO)"Read full newsRead More

GOLDEN, Apr 13, 2020 (GLOBE NEWSWIRE via COMTEX) --GOLDEN, Colo., April 13, 2020 (GLOBE NEWSWIRE) -- Golden Minerals Company (NYSE American and TSX: AUMN)...Read full newsRead More

(Kitco News) - Jaguar Mining Inc. (TSX: JAG) mined the most gold in the first quarter since the fourth quarter of 2017, the company said Monday.Re...Read full newsRead More

"A major update soon on Northern Ontario's most significant grassroots high-grade Silver discovery in at least 40 years ???"#Duediligence#CanadaCobaltWorks $CCW #Silver #Cobalt #Gowganda #Silvermine #Cobaltmine#TSXV #Smallcaps #StocksToWatch #MomentumStockshttps://t.co/rg11fqaEst"Read full newsRead More

Another "golden week" is underway, and both the miners and bullion are off to a great start!Please click here now. Gold bullion ETF purchases are soaring. For the SPDR fund (GLD-NYSE), total tonnage has moved above the key 1000 tonnes marker.With the Corona virus, here's where the rubber meets the road: No government has accumulated any savings to deal with this or any other crisis.That ope...Read More

Drill site at Kandiole Credit: Roscan. Roscan Gold (CVE: ROS) has released the results of 20 diamond and reverse circulation drill holes completed at the Mankouke South target within its Kandiole project in western Mali, which extend the mineralization down to 120 metres, from 80 metres previously.Drill highlights include 70 metres of 3.2 g/t gold, 22 metres of 5.75 g/t gold as well as 3.5 metre...Read More

Image from shutterstock. The United Steelworkers (USW) is the largest private-sector union in North America, with more than 225,000 members in Canada. The USW is Canada's most diverse union, representing men and women working in every sector of the economy.Many union members are still onthe job during the pandemic.The Right to Refuse unsafe workis a core element of workplace health and safety is...Read More

I'm old enough to remember the last economic crisis America suffered.In 2008, I'd just broken into the business as a financial writer and had a front-row seat to the meltdown. Day in and day out, I reported and analyzed all of the moving parts...The subprime loans and bad mortgages, the sovereign debt and collateralized debt obligations, car companies that overextended themselves, the banks that...Read More

Troilus gold project is located northeast of the town of Chibougamau. (Image by 0x010C, Wikimedia Commons). Troilus Gold has released the results of three drill holes completed at the Southwest zone within its 160-sq.-km Troilus gold project, northeast of Chibougamau, Quebec; the results appear to confirm a mineralized trend of over 1 km.The drill highlights include 33 metres of 1.65 g/t gold-eq...Read More

Gold continues to rally. Credit: Matt Johnson via Flickr Gold has tallied its 4th straight session gain, continuing its rally last week, which saw the price of the precious metal reach its highest in more than seven years.Gold's latest run is spurred by cash injections to mitigate the severe impact of covid- 19 on the global economy. Governments worldwide are signing off on massive stimulus measu...Read More

Black Fox gold mine near Timmins, Ontario. (Image courtesy of McEwen Mining) McEwen Mining (NYSE: MUX, TSX: MUX) reported on Tuesday it is reopening its Black Fox mine in northern Ontario that was temporarily shut down due to covid-19 restrictions. In Q1, Black Fox produced 8,328 gold equivalent ounces.McEwan also reported consolidated production of 29,177 gold ounces and 553,179 silver ou...Read More

Another "golden week" is underway, and both the miners and bullion are off to a great start!Please click here now. Gold bullion ETF purchases are soaring. For the SPDR fund (GLD-NYSE), total tonnage has moved above the key 1000 tonnes marker.With the Corona virus, here's where the rubber meets the road: No government has accumulated any savings to deal with this or any other crisis.That ope...Read More