A historic headframe at Maple Gold Mines' Douay gold property in northern Quebec. Credit: Maple Gold Mines. An induced polarization (IP) survey completed over the Northeast IP target at Maple Gold's 355-sq.-km Douay project in Quebec has traced a 1,500-metre long drill target, within the southwest portion of a 3 km corridor of chargeability anomalies.The geological setting and IP response withi...Read More

Val-d'Or, Quebec. (Image by Tobie Charette, Wikimedia Commons). QMX Gold has released the results of four infill holes completed in the central part of its Bonnefond deposit in Quebec, which is within the eastern portion of the company's 200-sq.-km land package in the Val d'Or region.The drilling returned long gold intercepts from the tonalite intrusive unit with additional higher-grade hits fro...Read More

A historic headframe at Premier Gold Mines' Hardrock gold project in Ontario. Photo by Premier Gold Mines. Premier Gold (TSX:PG) announced on Wednesday that Centerra (TSX:CG) has not accepted the company's offer to acquire Centerra's 50% interest in the Greenstone Gold Mines Partnership for approximately $205 million. Greenstone's principal asset is the Hardrock Project located on the Trans-Canad...Read More

Voisey's Bay mine. (Image courtesy of Vale.) Vale (NYSE: VALE) announced Wednesday that it is extending the care and maintenance period at its Voisey's Bay mine in Labrador, Canada for up to three months.On March 16, Vale reported that it would cut activity at Voisey's Bay for four weeks due to its remote location and as a precaution to mitigate the spread of covid-19. "The Long Harbor processing...Read More

Here are five Fastmarkets stories you might have missed on Wednesday April 8 that are worth another look.World trade will fall by more this year than during the downturn brought on by the global financial crisis of 2008-09 as the impacts of the Covid-19 pandemic are felt.The fate of the steel world continues to hang in the balance: Numerous scrapyards have stopped operations, blast furnaces around...Read More

Nickel markets worldwide were holding steady in the week to Tuesday April 7 while the Covid-19 pandemic continued on an unpredictable path.Nickel premiums static in European marketUS sellers hold to existing offers despite higher freight costsChina sees little trading on lack of arbitrage opportunities.European premiums steady in subdued spot tradeEuropean nickel premiums remained stable in the we...Read More

Weekly Reports |Apr 07 2020After years of lacklustre uranium prices and a lack of any urgency on the part of utilities, suddenly the virus has markedly changed the nuclear energy equation.-Coronavirus fallout has proved beneficial for uranium prices-Market volumes jump led by financial traders and uranium producers-Current crisis emphasises the need for secure power generation, including via nucl...Read More

World trade will fall by more this year than during the downturn brought on by the global financial crisis of 2008-09 as the impacts of the Covid-19 pandemic are felt.This is the stark assessment by the World Trade Organization, which said global goods trade could contract by as much as 32% in 2020 under its worse-case scenario of suppression measures staying in place for the whole year and limite...Read More

Here are five Fastmarkets stories you might have missed on Wednesday April 8 that are worth another look.World trade will fall by more this year than during the downturn brought on by the global financial crisis of 2008-09 as the impacts of the Covid-19 pandemic are felt.The fate of the steel world continues to hang in the balance: Numerous scrapyards have stopped operations, blast furnaces around...Read More

US president Donald Trump has indicated the country would be opened up again "sooner rather than later"."Our economy will BOOM, perhaps like never before!!!" he tweeted earlier.The S&P 500 closed up 3.4%, London's FTSE 100 lost 0.47% and Japan's Nikkei 225 gained 2.13% after the government approved a stimulus package this week worth almost US$1 trillion.There are now more than 1.35 million con...Read More

In theory, the push into potash and the maintenance of generous dividends can be delivered together, but the global economic slowdown triggered by widespread lockdowns in the fight against Covid-19Read More

Chile reported an 8% year-on-year increase in copper production during February, because heavy rains and lower output from the Chuquicamata mine had severely reduced volumes in 2019, state copper commission Cochilco said on Tuesday April 7.Chilean copper output totaled 448,300 tonnes in February 2020, from 415,200 tonnes in the corresponding month last year. Most of the largest mines in the countr...Read More

The lockdown in South Africa has sparked a sharp rise in seaborne manganese ore prices in China, whereas the chrome ore market has lagged behind due to different end uses, slower portside price movements and high stocks. South Africa has been under a nationwide lockdown since Thursday March 26, implemented to prevent the spread of the Covid-19 virus. The country's metals and mining operations...Read More

By: Ira EpsteinGold daily chart shows maybe needs more work in the $1,600's. As it builds into an uptrend. The bollinger bands are widening up on the daily..Read More

Currency is being created 'on scale never seen before in the history of mankind'Mark O'Byrne, research director at GoldCore.com told IG TV that markets are likely in a long-term bull market for gold and silver and a bear market for equities as the pandemic weighs on the global economy and creates a recession or an economic depression.Gold has made significant gains this year, with investors floc...Read More

Hong Kong trading house Noble Group Holdings will close its base metals and rare earths trading desks as part of widespread board-mandated staffing cuts, informed sources told Fastmarkets. Noble's board is said to have agreed on a directive for a major cut to headcount across the business, with traders informed that they would be let go on Monday and Tuesday this week. "They are blaming Covid-19 b...Read More

Here are five Fastmarkets stories you might have missed on Wednesday April 8 that are worth another look.World trade will fall by more this year than during the downturn brought on by the global financial crisis of 2008-09 as the impacts of the Covid-19 pandemic are felt.The fate of the steel world continues to hang in the balance: Numerous scrapyards have stopped operations, blast furnaces around...Read More

World trade will fall by more this year than during the downturn brought on by the global financial crisis of 2008-09 as the impacts of the Covid-19 pandemic are felt.This is the stark assessment by the World Trade Organization, which said global goods trade could contract by as much as 32% in 2020 under its worse-case scenario of suppression measures staying in place for the whole year and limite...Read More

The Turkish deep-sea scrap import markets went quiet again after the strong rebound earlier in the week, with supplies tighter because of the Covid-19 pandemic, sources said on Wednesday April 8.Scrap import prices have gone up strongly amid reduced availability of material in the deep-sea market, caused by the closing of scrapyards to control the pandemic and the subsequent decreased collection v...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday April 8.Key drivers The ferro-titanium market in Europe has consolidated gains made in the first week of April, cementing prices amid new concerns about production in the UK adding to existing supply worries from key international exporter Russia. UK-based sources have doubts on near-term production due to the Covid-19 pandemic tha...Read More