Prices in Southeast Asia's steel billet market have plunged over the past week, tracking losses seen in the bellwether Turkish ferrous scrap import market amid the fallout from the Covid-19 pandemic. Fastmarkets' daily price assessment for steel billet, import, cfr Southeast Asia, which mainly looks at 120-150mm 5sp grade billet sold into Manila, was $380-385 per tonne on Friday March 27, down $5...Read More
Trevali Mining (TSX: TV; US-OTC: TREVF) has temporarily suspended operations at its Caribou mine near Bathurst, New Brunswick.The company noted that the global zinc market has deteriorated and that the situation has been exacerbated by the outbreak of COVID-19.Market conditions, along with high concentrate treatment charges (TCs), make the mine uneconomic, the company said, adding that it is not o...Read More
Steppe Gold (TSX: STGO) is on track to produce 60,000 oz. gold this year at cash costs of US$500 per oz. from its heap leach mine in Mongolia, after starting ore processing on March 25.The junior has mined, crushed and stacked 533,000 tonnes of mineralized material at a grade of 2 grams gold per tonne on its leach pad at the mine, 660 km east of Ulaanbaatar.Steppe Gold is completing a feasibility...Read More
Few sectors of the global economy are flourishing in these uncertain times like Australian gold mining. A combination of factors ... Read More The post The top five WA gold stocks likely to be on the radar of the majors appeared first on Stockhead.Read full newsRead More
TORONTO - Centerra Gold Inc. is suspending open pit mining at its Oksut project in Turkey in an effort to slow the spread of COVID-19. The suspension of work at the project starting March 31 is for an initial period of two weeks. However, the gold miner says operations at its Kumtor mine in the Kyrgyz Republic and its Mount Milligan operation near Prince George, B.C., continue for the time being....Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
More than a third of British electricity was generated by renewables in 2019Read full newsRead More
"Gold Rush Days: The 126th Annual Celebration Of Mining, Americana And The Wild West Comes to Colorado https://t.co/78BzJ2r4Y8"Read full newsRead More
Canada's central bank made yet another unscheduled rate cut Friday to bring its key interest target down to a crisis-level low, and the federal government upped its financial lifeline to businesses in a two-pronged effort to further combat the economic shock from COVID-19.Read full newsRead More
LAURION Mineral Exploration (TSXV:LME) is pleased to announce the appointment of Mr. David Lewis, P. Geo., as Exploration Manager for the Ishkoday ProjectRead full newsRead More
Otso Gold Corp. is pleased to announce that it has closed $3,705,032 in 10% convertible unsecured debentures of the Company.Read full newsRead More
It’s a tale as old as the stock market itself. During a stock market crash, or really any type of disaster, there is one place where investors look to keep their money safe: gold.Gold and now gold stocks have become a safe haven for investors looking to keep their finances from the ruins during times of market volatility. But this time, it could be a bit different. It’s now not 100% cl...Read More
Teck Resources Inc. (TSX:TECK.B)(NYSE:TECK) got crushed with practically every other stock in the sector over the past months. Slowing economic conditions have hit commodities hard. Teck is sitting at a price of just over $10 a share at the time of this writing, which is fairly low historically. Is now a good time to buy Teck as a contrarian play?The situationEven before the coronaviru...Read More
The inevitable market crash has finally happened. Experts have been telling us about it for the last couple of years. The COVID-19 outbreak has finally brought it front and centre.For a long-term investor with cash to invest, the market crash might be a blessing in disguise. But it is desperate times for those who are looking for short-term gains.All stocks don’t respond in the same manner t...Read More
A storm doesn’t discriminate between big and small; it hits everyone equally. This is particularly true if you take a look at the senior and junior stock exchange right now. Just as the TSX has come down with coronavirus, TSXV has also started showing symptoms.During the market crash, many small businesses are hit worse than the large players. The reason for that is simple. They usually don&...Read More
Let's talk a little bit about what is "essential" to function in our society during times of unrest...My grandma always told me: "Jimmy, all you need in life is food, clothes, and shelter." That sounds awfully quaint these days, but it is capital-T True.Call me old-fashioned, but I would start the "essential" debate with hospitals, pharmacies, and grocery stores. But after living through a few w...Read More
By: Ira EpsteinGold hits $1,700 again, strong support around $1,550. Resistance around upper $1,600's.. Read More
Here is what's new today on INK Ultra Money. Canadian Insider Ultra Club members have access to both premium and free content all the time. Use coupon code SPRING20 for a $100 discount off a new 2020 membership (renewals will be at the regular price unless cancelled before the end of term). Learn more by clicking here.1. The next waves of the financial crisis - Real VisionIn the past few years, n...Read More
Richard (Rick) Mills, Ahead of the herd2020.03.25A number of factors influence gold prices (mainly the US dollar, gold ETF inflows/ outflows, inflation rate, bond yields, safe haven demand, physical gold demand, gold supply) but none is more reliable than real interest rates.The demand for gold moves inversely to interest rates - the higher the rate of interest, the lower the demand for gold, th...Read More
Rob Goodman of StockPulse interviews Peter Spina on the quickly evolving situation in the gold markets:"It's a very unique time and period in history but it's good to take some action right now and don't wait. I don't think this is a time to be waiting for everyone else to take action because when they do you see how supplies get raided very quickly and disappear." - Peter SpinaInterview date Tu...Read More