MAG Silver complies with the Mexican government's recent order to close certain businesses. MAG's Juanicipio JV ProjectIn a news release, MAG Silver Corp. (MAG:TSX; MAG:NYSE A) reported that in light of the Mexican government's order to temporarily suspend all non-essential activities, the Juanicipio Project operator, Fresnillo Plc, has informed MAG Silver that it has "been in regular consultatio...Read More

Kirkland Lake Gold reported that it has discovered a new large corridor containing high-grade mineralization along the Main Break east of the Macassa Mine. In a news release, Canadian-gold producer Kirkland Lake Gold Inc. (KL:TSX; KL:NYSE) reported new drill results from the Macassa Mine in Kirkland Lake, Ontario. The data provided covered 9,522 meters of underground exploration drilling at 19 ho...Read More

Bob Moriarty of 321gold discusses recent developments at three junior mining companies that have done deals with majors. I've been pretty quiet about mining shares lately as I try to get a handle on what the real story is on the Corona Virus. That doesn't mean the companies have been quiet and indeed they have not been. The Corona Virus story looks more and more like a scam on the part of big Pha...Read More

Anglo American has lowered the 2020 production guidance for its Kumba iron ore operations to 37-39 million tonnes, down from a previous guidance of 41.5-42.5 million tonnes, due to the lockdown in South Africa, the miner said on Thursday April 23.The company added that it is maintaining the production guidance for its Minas Rio operations in South America at 22-24 million tonnes, though the outloo...Read More

A summary of Tata Steel's provisional financial results for the fourth quarter and full year of its 2020 year ended March 31, 2020.In brief Steel demand has declined due to the Covid-19 pandemic in Europe with customers, including automotive producers, pausing production and utilization levels currently at 70%. Sales and production for the full year were down year on year, but...Read More

The Covid-19 pandemic could nudge Chinese steelmakers toward using more electric-arc furnaces (EAF) to produce steel, market sources say.This is especially due to the huge market uncertainty caused by the ongoing global economic crisis. EAF-based production could offer mills - most of which are still heavily reliant on blast furnaces (BFs) - the flexibility they need in such circumstances to reduc...Read More

Here are five Fastmarkets stories you might have missed on Thursday April 23 that are worth another look.Anglo American has lowered the 2020 production guidance for its Kumba iron ore operations to 37-39 million tonnes, down from a previous guidance of 41.5-42.5 million tonnes, due to the lockdown in South Africa, the miner said on April 23.South Africa is to end its nationwide lockdown and ease r...Read More

The three-month copper price on the LME climbed by just over 1% on Thursday April 23 to settle at its highest level since April 14, while nickel futures gained ground in the afternoon despite low turnover. Copper's outright price on the London Metal Exchange closed at $5,160.50 per tonne on Thursday afternoon, gaining some $30 per tonne from Wednesday's closing price, while turnover in the re...Read More

Gold, oil both rose for second straight sessionThe Dow scraped together a 40-point win, as earlier gains were slashed after documents were published on Gilead Science's (GILD) potential coronavirus treatment remdesivir, which drew disappointing results. However, Gilead claims the results of the drug's trial remain "inconclusive." The S&P 500 and Nasdaq slippedbelow breakeven in the final minutes...Read More

Intel's first-quarter earnings report is due out after the close todayThe shares of Dow component Intel Corporation (NASDAQ:INTC) are down 1.4%, to trade at $59.30 this afternoon,just ahead of the firm's first-quarter earnings report, which is due out after today's close. Below, we'll dig into how INTC has fared after past quarterly earnings reports, and take a look at the sentiment currently sur...Read More

Freeport-McMoRan is expected to enter the earnings confessional before the bell tomorrow Freeport-McMoRan Inc (NYSE:FCX) is up 4.7% at $7.99 today, as investors anticipate the copper mining concern's first-quarter earnings report, due out before the open tomorrow, April 24. It's been a rocky week for commodities, as Wall Street nervously eyes mining stocks amid oil's historically devastating plu...Read More

Las Vegas Sands predicted a speedy recovery for its Asian locations, despite new social distancing measures Casino concern Las Vegas Sands Corp. (NYSE:LVS) is in the spotlight this morning after posting first-quarter losses of three cents per share, and $1.78 billion in revenue, missing analysts' estimates. Despite the miss, the stock is up 10.9% at $41.03, bolstered by the firm's prediction of a...Read More

Over the last five weeks, over 26 million Americans have now filed for unemploymentThe Dow Jones Industrial Average (DJI) is on track for another positive afternoon, up more than 250 points at last check. The blue-chip index has gained traction at midday despite another expectation-toppingweekly jobless claims report this morning. Combining this most recent report with the previous four, the t...Read More

Tyson is closing a major subsidiary in order to test its employees for COVID-19 Meat production suffered another blow today, as Tyson Foods, Inc. (NYSE:TSN) announced the closure of two of its major U.S. pork plants in order to contain the spread of the coronavirus. This includes a subsidiary in Indiana, while over 2,000 of its employees undergo testing. This has led to other locations picking up...Read More

HSY reported first-quarter earnings of $1.63 per shareShares of Hershey Co (NYSE:HSY) are down 5.3% to trade at $138 this morning, sitting out the broad market rally. The candy king is lower after reporting first-quarter earnings of $1.63 per share on revenue of $2.04 billion -- both lower than Wall Street's respective estimates of $1.71 per share and $2.08 billion. Also dragging HSY is a huge sal...Read More

The retailer indicated it may not be able to weather the economic effects of the coronavirus Gap Inc (NYSE:GPS) made it clear this morning that it's having a hard time weathering the hard-hitting economic effects of the coronavirus. The retailer said it might not have enough funds to continue operations into the next year, and that cutting costs and raising money by issuing debt would be necessar...Read More

The new coronavirus has already infected the global economy. The global lockdown means that recession is inevitable. The central banks all over the world have stepped in, including the Fed, cutting interest rates and pumping liquidity into the system. We invite you thus to read our today’s article about the monetary policy in time of plague and find out what the fresh central banks’ ba...Read More

Oil prices appear ready to resume their rallyDow Jones Industrial Average (DJI) futures are muted this morning, as Wall Street unpacks the latest weekly jobless claims. Last week's report showed a 4.4 million increase in unemployment filings, topping the 4.3 million expectation and completely erasing all job gains since November 2009. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX...Read More

VZ's post-earnings price history has been mostly negativeShares of Verizon Communications Inc (NYSE:VZ) have distanced themselves from their late-March sell-off, and are now up 15.6% for the month. At last check, VZ is up 2.2% trading at $58.05 due in part to an long-term agreement the company came to with Clearway Energy (CWEN) in which the two companies will finance the construction of new wind...Read More

Even the most casual silver investor must be discouraged with what has happened to silver prices recently. But what about those who were/are super bullish? How do they feel?As I read various reports and articles, I sense some back peddling on the more extreme predictions which were so prevalent just shortly more than a month ago. On the other hand, I also sense a reluctance to let go; to just admi...Read More