The London Metal Exchange three-month copper price declined during morning trading on Tuesday April 21, threatening to dip below the key $5,000-per-tonne support level, while tin futures fell 2.5% despite a sizeable stock outflow.LME copper's outright price was recently at $5,069 per tonne, sinking from an intra-morning low of $5,182 per tonne, while turnover is moderately high at some 9,000 lots...Read More
China's domestic rebar prices slid further on Tuesday April 21 amid futures losses sparked by an oil market crash in the United States. Eastern China (Shanghai): 3,420-3,450 yuan ($483-488) per tonne, down by 10 yuan per tonneNorthern China (Beijing): 3,430-3,450 yuan per tonne, down by 20 yuan per tonne The May futures contract for West Texas Intermediate (WTI) crude oil fell as low as minus...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were weaker this morning, Tuesday April 21, and Asian-Pacific and pre-market major western equity indices were weaker too. On Monday we had thought poor corporate earnings data had the potential to rattle markets, but it seems that negative oil futures prices were the catalyst that caused traders concern. The soon-to-exp...Read More
Some metal-product cargoes can now be shipped out of Durban, almost one month after the biggest terminal in sub-Saharan Africa stopped handling such material amid a nationwide lockdown intended to contain the spread of the Covid-19 pandemic, Fastmarkets has learned.Several Asia-bound copper cargoes originally scheduled to leave the South African port one month ago departed over the past weekend, t...Read More
Bank of America has hiked its 18-month target for gold from US$2,000 to US$3,000 per oz."As economic output contracts sharply, fiscal outlays surge, and central bank balance sheets double, fiat currencies could come under pressure and investors will aim for gold," the bank said in a research note today."True, a strong US dollar backdrop, reduced financial market volatility, and lower jewelry deman...Read More
This week's episode features an interview with Northern Miner senior reporter Carl A. Williams, who discusses all things mining and science, including biogeochemical prospecting, artificial intelligence and space mining. He also described his experience of going to this year's PDAC conference, his first time at the event.All this and more with editor and host Adrian Pocobelli.Articles referenced i...Read More
First the good news: Quebec's decision last week to add mining to the list of priority activities and services permitted during the pandemic elicited quiet cheers from investors and lifted the spirits of gold miners like Agnico Eagle, Yamana, Iamgold, Hecla and Eldorado, which said they would cautiously re-open their mines under strict health and safety protocols. (At last count, Quebec has more t...Read More
Drill results from Quebec Precious Metals' (TSXV: CJC; US-OTC: CJCFF) wholly owned 140-sq.-km Sakami project, 570 km north of Val d'Or, 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 with widths ranging from 10 metres to 80 metres.The La Pointe Extension zone is 2 km southwest of the La Point...Read More
Troilus Gold (TSX: 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.The drill highlights include 73 metres of 1.56 grams per tonne gold-equivalent in hole 20-189 and 6 metres of 1.23 grams per tonne gold-equivalent from the same hole, as well as 14 metres of 1.02 grams gold-equivalent from...Read More
The S&P/TSX Venture Composite Index rose 1.76% to finish the trading week at 444.87. Spot gold finished at US$1,686.50 per oz., a gain of 0.05%, and the S&P/TSX Global Gold Index climbed 6.11% to 306.28.Shares of Abitibi Royalties rose by $1.71 to $18.21 per share after Quebec added mining operations to the list of essential services permitted to operate during the COVID-19 pandemic. The company's...Read More
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Gold mining stocks and ETFs have been sturdy in the past month and have more gains in store.Read full newsRead More
Group Ten Metals Reports Wide, Continuous Palladium, Platinum, Gold, Nickel, Copper, and Cobalt Mineralization Starting from Surface at the Chrome Mountain T...Read full newsRead More
Natural Gas Vehicles for America (NGVAmerica) and Coalition for Renewable Natural Gas (RNG Coalition) today announced that 39 percent of all on-road fuel used in natural gas vehicles in calendar year 2019 was renewable natural gas (RNG).Read full newsRead More
Amex Exploration Inc. (TSXV:AMX, FRA:MX0, OTCQX:AMXEF) CEO Victor Cantore was recently featured in a video interview.Read full newsRead More
The US stock market is once again in imminent danger of a major collapse. Please click 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, and now there's an ominous breakout to the downside.The US government has embraced socialism for almost every sec...Read More
With everything going on in the market, it certainly makes sense to include gold and cryptocurrencies in your investing portfolio. These asset classes give you a cash alternative you can draw upon if traditional fiat currencies lose value through inflation. They may even increase in value, giving you more buying power to take advantage of opportunities.Think of physical gold and cryptocurrencies a...Read More
Worker using Salus Pro app Credit: Salus Pro. To help keep worksites safe and operational during the covid-19 pandemic, Salus Pro has announced that it is waiving subscription fees for its worksite safety software for the duration of the crisis. The B.C.-based tech company, whose app allows construction and resource sector companies to digitize their safety management systems, has also load...Read More
Komatsu P&H 2650CX hybrid shovel. After extensive reliability testing over the past few years, Komatsu's P&H 2650CX hybrid shovel has accumulated nearly 22,000 hours of validation and verification, making it ready for the market.Extensive customer focus groups highlighted a need in the mining space for a piece of equipment that would combine the reliability of P&H electric rope shovels with the...Read More