A recovery seems to be in store for one gold miner in the weeks to come. The name is not Barrick Gold — the world’s largest gold producer. Investors should include Vancouver-based Sandstorm Gold (TSX:SSL)(NYSE:SAND) in their watch lists during this period of heightened volatility.Smooth operatorWith the COVID-19 scare, investors are again searching to invest in safe-haven assets like g...Read More

Whether instigated by external factors or the result of government decisions or policies, the devaluation of a currency has the potential to boost a country’s economic conditions. It’s not a permanent solution or the most viable way to put a country’s economy on track, but it works — mostly because a devalued currency encourages exports and slows down imports.The loonie has...Read More

Stock image. While in 2020 most miners will focus on operational safety and the health of their employees through minimising risks of covid-19 spread in their mines, Fitch Solutions analysts point out that miners will once again focus on improving efficiency and cutting costs once the pandemic clears. Australia will spearhead the global as well as Asian miners' race to use technology to cut costs...Read More

I don't have to tell you gold is the ideal safe harbor right now.We've been talking about it for a long time now. Now everyone else is.This chart says it all. If last week's stock market rally felt like a chance to take a breather and relax a bit, look at where gold went after the initial freak-out and mass selling.I don't have to tell you that the stock market was primed for this fall regardless...Read More

Guanajuato Mine Complex. (Image courtesy of Great Panther Mining). Great Panther (NYSE: GPL; TSX: GPR) has suspended mining and processing activities at the Guanajuato and Topia mines in Mexico until April 30 in compliance with the government directive to mitigate the spread of covid-19. The miner has begun ramping down activities at both mines and will retain only essential personnel during th...Read More

Nevada. (Image in the Public Domain taken from Piqsels). Nevada Gold Mines has announced measures to provide financial and logistical support to mitigate the impact of the covid-19 pandemic on local communities.At the state level, the company has committed an initial $1.5 million to the Nevada covid-19 Response, Relief and Recovery Task Force, as well as offering to support the effort through it...Read More

Bingham Canyon mine. (Image: Wikimedia Commons) The world's number two miner, Rio Tinto, (ASX:RIO) said it has invoked force majeure on contracts at its Kennecott copper operation near Salt Lake City, Utah following an earthquake last month.Kennecott copper mine and smelter was shut down following a 5.7 magnitude earthquake close to the town of Magna on March 18. There were no injuries and Rio at...Read More

Oyu Tolgoi copper-gold-silver mine. (Image courtesy of Rio Tinto.) Rio Tinto (ASX, LON, NYSE: RIO) is facing a new setback at its giant copper project in Mongolia with a large investor demanding a shakeup at the Oyu Tolgoi operation over what it claims is "a massive devaluation" of the asset.US hedge fund Pentwater Capital wants the designation of a new independent director to represent the inte...Read More

Gold miners' stocks have endured epic volatility in this past month, literally crashing before blasting back higher in a violent V-bounce. That preceding wicked capitulation flush savagely forced the weak hands out, paving the way for gold stocks' next major upleg. The resulting fierce rebound signals it is already underway, with plenty of speculators and investors now chasing the huge gains this...Read More

Grupo Mexico has started to gradually reduce its mining operations in an effort to prevent the spread of the Covid-19 virus, with its activities declared non-essential by the government. The world's fifth-largest copper producer said on social media platform Twitter that it was complying with a decree issued by the governor of the state of Sonora in a manner that would protect its workers' health...Read More

The London Metal Exchange three-month aluminium price briefly breached the $1,500 per tonne mark, with an intraday high of $1,505 per tonne, but closed at $1,481.50 per tonne on Friday April 3. A little more than 9,100 aluminium lots were traded on Friday, and the underlying price remained under pressure despite an outflow of 2,550 tonnes across LME-registered warehouses. Overall aluminium invento...Read More

Fastmarkets' copper concentrates treatment charges and refining charge (TC/RC) index moved up to $65.70 per tonne and 6.57 cents per lb this week, underpinned by a handful of deals reported in the high $60s per tonne. Traders are cautious about offering tonnages to the spot market in anticipation of supply uncertainties from South America. Notably, the counterparty spread between TC purchase level...Read More

An overview of the battery raw materials markets and their price moves from the past week.Read More

Adam HamiltonArchivesApr 03, 2020 Gold miners' stocks have endured epic volatility in this past month, literally crashing before blasting back higher in a violent V-bounce. That preceding wicked capitulation flush savagely forced the weak hands out, paving the way for gold stocks' next major upleg. The resulting fierce rebound signals it is already underway, with plenty of speculators and investor...Read More

Grupo Mexico has started to gradually reduce its mining operations in an effort to prevent the spread of the Covid-19 virus, with its activities declared non-essential by the government. The world's fifth-largest copper producer said on social media platform Twitter that it was complying with a decree issued by the governor of the state of Sonora in a manner that would protect its workers' health...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday April 3. China  The spot domestic ferro-chrome market continued to rise on tightened supply.  The UG2 chrome ore market is largely on hold amid South Africa's Covid-2019 lockdown, while prices for portside cargoes are higher.  Absence...Read More

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort287,52928,68032,344128,083412,042447,956473,066Change from Prior Reporting Period -30,399-882-11,535-7,628-35,492-49,562-47,909Traders18355635752269146 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,69622,586495,652 -2,120-3,773-51,682 non reportable positionsCha...Read More

By: Ira Epstein$1484.60 - 1672.40 rang on gold. Not good for the emotional trader. Gold is building a better base. But the overall pattern..Read More

Gold, silver and copper are bullish. Crude oil is bullish. But some weekend correction can be there. At the moment rise in crude oil is short covering. If crude oil manages to trade over $23.00 till Tuesday, then chances of a long term bottom formation will be very high. A lot of people are worried as to what will happen to gold and silver after the release of today's US March nonfarm payrolls?...Read More

Fastmarkets' copper concentrates treatment charges and refining charge (TC/RC) index moved up to $65.70 per tonne and 6.57 cents per lb this week, underpinned by a handful of deals reported in the high $60s per tonne. Traders are cautious about offering tonnages to the spot market in anticipation of supply uncertainties from South America. Notably, the counterparty spread between TC purchase level...Read More