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Gold is traditionally a safe haven asset during times of trouble. As investors flee riskier assets like stocks, massive amounts of capital gets diverted into bonds, precious metals, and cold hard cash. This downturn has been a bit different.Over the last few months, gold prices have been roughly flat. Gold mining stocks, meanwhile, have been crushed. Even the highest quality miners are being press...Read More

The market crash over the past month already erased more than 35% off the TSX Index.Ongoing volatility should be expected and investors could see additional downside. The coronavirus continues to spread and governments are ramping up strict measures in order to ensure that people adhere to social distancing requirements.Households and businesses need cash and it will take some time for government...Read More

Syrah's Battery Anode Material plant in Louisana, USA. Image from Syrah. Syrah Resources (ASX: SYR) announced on Tuesday that will suspend its Battery Anode Material plant in Vidalia, Louisiana, to assess and manage potential operational risks from covid-19.According to the company, this will delay the distribution of purified natural graphite samples for qualification with potential customers.Th...Read More

File image.Iron ore prices gained on Tuesday, trading at $83.97 a tonne according to Fastmarkets MB, and making up some lost ground after a sharp retreat at the start of the week. The steelmaking raw material has shown surprising resilience - averaging above $90 for 62% Fe fines imported into China so far this year - in the wake of the covid-19 outbreak that began in the central part of the countr...Read More

Casa Berardi mine. Image courtesy of Hecla Mining Company Hecla Mining (NYSE:HL) announced Tuesday it is suspending operations at Casa Berardi until April 13, 2020 to comply with the Government of Quebec's orders."The Government of Quebec ordered the mining industry to reduce to minimum operations as part of the fight against the covid-19 virus, so we are suspending our Casa Berardi operations,"...Read More

I'll start by saying that I'm not one to panic...I didn't go out and hoard toilet paper, hand sanitizer, canned goods, and bottled water. You know why? Because I always keep a steady supply of those things. I sleep safer - regardless of what's happening - if I know that I can survive weeks in any event.Snow storm? Power outage? Global pandemic? At least I know I can make it long enough to let thin...Read More

Waihi operation, New Zealand. (Image from OceanaGold) OceanaGold (TSX: OGC, ASX: OGC) has announced that the Waihi gold operation in the North Island of New Zealand will temporarily suspend the ongoing development of the Martha underground mine and go into care and maintenance for four weeks in response to covid-19 measures put in place by the New Zealand government. The miner is working with the...Read More

The gold price rallied again in spectacular fashion on Tuesday, as panicked investors scramble for hard assets on the back covid-19 closures of mines and refineries and unprecedented monetary action by the US central bank.On the Comex market in New York, gold for delivery in April, the most active contract, closed the session at $1,660 an ounce, up $93 an ounce compared to Monday's close. Earlier...Read More

The last few weeks have been not been nice to investors of any kind. Stocks in particular have been hit extremely hard and during the sell off it seemed that anything with a bid would be sold including the metals. For a while it seemed that gold's safe haven status was gone. However in the last few days gold has been gaining back all that it lost especially in currencies other than the US dollar....Read More

Weekly Reports |Mar 24 2020The virus is having its impact on the uranium industry, sending the spot price under US$24/lb for the first time since July 2018-Virus impacting on electricity producers-And on mining operations-And on project development-And on credit availabilityBy Greg PeelThe US government considers power plants part of the nation's critical infrastructure, and to that end electricit...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 24 that are worth another look. India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.Freeport-McMoRan has declared force majeure on near-term sales agreements for its Cerro Verde mine in Peru, according to...Read More

A summary of base metals premiums from across the globe for the week to Tuesday March 24.Please click on...Read More

India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.In an address to the nation, Indian prime minister Narendra Modi said that the lockdown was effective from midnight local time, 18:30 London time."For the past two days, many parts of the country have been locked down. From m...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 24, 2020I said yesterday morning that amidst all the Corona War mayhem, a move over $1550 for gold would be incredibly positive.Pleaseclick here now. Double-click to enlarge this spectacular gold chart.$1550 is now support!Pleaseclick here now.In what is arguably the most horrific ac...Read More

The Dow Jones Industrial Average rose 11.37%, its biggest one-day percentage gain since 1933, Reuters reported.The S&P 500 closed up 9.38%, the FTSE 100 rose 9.05%, Japan's Nikkei 225 gained 7.13% and the S&P/TSX Composite Index was up 11.96%.The gold price has zig-zagged higher in the past 24 hours.It's leapt up from below US$1,600 an ounce on the spot market to head towards $1,700/oz bef...Read More

Iron ore prices slumped to levels not seen since early February on Monday, with benchmark 62% Fe fines closing at $80.20/tonne."We are not yet looking at a glut of seaborne iron ore. But risks are escalating, and the balance is tilting towards a bigger hit to iron ore demand than supply," said Wood Mackenzie research director Paul Gray.Gray said his firm's analysis showed prices should gravitate t...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 24 that are worth another look. India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.Freeport-McMoRan has declared force majeure on near-term sales agreements for its Cerro Verde mine in Peru, according to...Read More

Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") has joined the Chicago-based COVID-19 Innovation Coalition to offer advanced Supply Chain services, technical resources, and relevant logistics expertise to suppliers and health care providers facing unprecedented demand amid the Novel Coronavirus outbreak.The COVID-19 Innovation Coalition is a network of entrep...Read More

India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.In an address to the nation, Indian prime minister Narendra Modi said that the lockdown was effective from midnight local time, 18:30 London time."For the past two days, many parts of the country have been locked down. From m...Read More