We've been warning about negative rates for years.Well, it's taken a little bit longer than expected, but they're finally here.Interest rates on short-term Treasury bills turned negative in late March, when one-month T-Bills were trading at a negative yield of minus-15 basis points.So it's already happening, somewhat naturally as demand for the perceived safety of U.S. Treasuries surges. But negat...Read More
View inside a tele-remote cabin Image from RCT. RCT, a company specializing in autonomous solutions, has completed a customized tele-remote project at the Ridder underground Tishinsky copper mine in Kazakhstan. RCT's ControlMaster Teleremote solution can be tailored to a mine's site-specific requirements.RCT worked with the local Caterpillar dealer to install and commission its ControlMaster au...Read More
Troilus project. (Image courtesy of UrbanGold Minerals) Troilus Gold (TSE: TLG) has reported assay results from two holes completed at the Southwest zone, 3.5 km northeast of the existing deposit within the 160-sq.-km Troilus project, located northeast of the Val-d'Or district of Quebec. The drill highlights include 73 metres of 1.56 g/t gold equivalent in hole TLG-ZSW20-189 and 6 metres of 1.23...Read More
The Sakami project is located 500km north of Val-d'Or, pictured here. (Image by Tobie Charette Eltobito, Wikimedia Commons). Drill results from Quebec Precious Metals' wholly-owned 140-sq.-km Sakami project, 570 km north of Val d'Or, Quebec, suggest a new mineralized zone, the La Pointe Extension area. This zone has been traced over approximately 900 metres of strike, to a depth of 215 metres w...Read More
Image from Shanta Gold. Shanta Gold has announced gold production of 20,167 ounces in Q1, up from 19,550 in the previous quarter.The company also reported that is on track to meet its full-year production guidance of between 80,000 ounces and 85,000 ounces of gold. The New Luika gold mine in Tanzania continues to perform above nameplate capacity, with 174, 069 tonnes milled in the first quarter...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 21 that are worth another look.The lockdowns imposed due to the Covid-19 pandemic were offering automotive manufacturers a rare opportunity to take a step back and to re-evaluate their long-term strategies, the chief executive officer of Eurasian Resources Group has said.Italian long steel producer Alfa Acciai Group has resum...Read More
Miners are cautious about a full ramp-up in production even as Peru's Covid-19 pandemic-related state of emergency is expected to lift after Sunday April 26.An immediate ramp-up to pre-quarantine levels will not be possible for small to mid-size miners in Peru, a producer told Fastmarkets, given that restrictions on the movement of people as well as logistical disruptions are expected to continue...Read More
Tantalum prices have found support due to tightness of supply and concerns about obtaining material during the continued lockdowns in central African countries imposed to control the spread of the Covid-19 pandemic.Prices have been moving up over the past month, with buyers struggling to find cheap prompt units due to the increased worries about the future availability of material, market sources...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 21, 2020 The US stock market is once again in imminent danger of a major collapse.Pleaseclick here now.Double-click to enlarge this disturbing daily chart of the Dow. A rally towards resistance has taken the shape of a bear wedge.The rally failed to even reach that resistance zone, a...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 21 that are worth another look.The lockdowns imposed due to the Covid-19 pandemic were offering automotive manufacturers a rare opportunity to take a step back and to re-evaluate their long-term strategies, the chief executive officer of Eurasian Resources Group has said.Italian long steel producer Alfa Acciai Group has resum...Read More
Production from the company's Letšeng mine in Lesotho was 26,110 carats in the March quarter, down 12% quarter on quarter.Read More
The company said Kissam would stay on through June in an advisory capacity to ensure an orderly transition.He would also remain on the board and stand for re-election at the annual meeting on May 5.Masters joined Albemarle's board in 2015, having been a non-employee director of Rockwood Holdings from 2007-2015, when it was acquired by Albemarle."I look forward to continuing to work with the board...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 21.Please click...Read More
Glencore's Mopani Copper Mine in Zambia could continue to operate under certain conditions after the company's decision to shut the mine led to strong opposition from the the country's government.A company statement, dated Monday April 20, said that the mining operations could restart if an agreement were reached between government officials and Glencore, but did not give details of the necessary...Read More
By: Gary SavageThe market top is next not going to happen until May, maybe in June..Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold losing momentum and changing into a negative state..Read More
Gold and silver should rise after crude oil bust up. First casualty of the crude oil bust as Singapore Police probe Hin Leong After $800 Million Oil Losses. There will be more. I remember in 2009 during the natural gas price bust, a lot of hedge funds vanished. Red Kite and copper everyone one remembers. There will be a lot energy traders who have been busted. Large hedge funds and state backed...Read More
Over two million tonnes of copper mine supply could be temporarily lost this year due to disruptions related to the Covid-19 pandemic and other non-virus factors, the chief executive officer of Eurasian Resources Group Benedikt Sobotka said.This is equivalent to around 10% of 2020 copper mine supply and is double the roughly 5% of planned copper mine production that is typically lost due to unfore...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 21 that are worth another look.The lockdowns imposed due to the Covid-19 pandemic were offering automotive manufacturers a rare opportunity to take a step back and to re-evaluate their long-term strategies, the chief executive officer of Eurasian Resources Group has said.Italian long steel producer Alfa Acciai Group has resum...Read More
Tantalum prices have found support due to tightness of supply and concerns about obtaining material during the continued lockdowns in central African countries imposed to control the spread of the Covid-19 pandemic.Prices have been moving up over the past month, with buyers struggling to find cheap prompt units due to the increased worries about the future availability of material, market sources...Read More