The S&P/TSX Composite Index posted a 0.27% gain to 16,531. Spot gold stayed above the US$1,400 per oz. threshold, finishing at US$1,418.30 per oz. - down US$6.70 per oz., or 0.47%. The S&P/TSX Global Gold Index lost 2.23% to end at 205.82, while the S&P/TSX Global Base Metals Index lost 2.11% to 110.20, and the S&P/TSX Global Mining Index lost 2.32% to 79.54.Intermediate gold producer Torex Gold R...Read More
Gold miner Newcrest Mining Ltd said on Thursday its gold output rose 4.2% in the...Read full newsRead More
Scientists have discovered a pair of white dwarfs that might one day produce a major gravitational wave discovery, according to a new paper.Read full newsRead More
The top gainers on the TSXV last week were Mineral Mountain, Meridian Mining, American Manganese, Highland Copper and American Creek.Read full newsRead More
The top gainers on the TSX last week were Northern Dynasty, Oryx Petroleum, Excelsior Mining, Valeura Energy and Treasury Metals.Read full newsRead More
Commander Resources Ltd. (TSXV:CMD) (Read full newsRead More
The precious metals sector appears to have started a correction.It was roaring higher until natural resistance kicked in and the U.S. Dollar grinded its way higher, towards its 2019 high. Factor in the Fed decision this week and it has created a natural "buy the rumor, sell the news" event.We cannot know for certain what the Federal Reserve will do or even more importantly, how the market will rea...Read More
The precious metals sector appears to have started a correction.It was roaring higher until natural resistance kicked in and the U.S. Dollar grinded its way higher, towards its 2019 high. Factor in the Fed decision this week and it has created a natural "buy the rumor, sell the news" event.We cannot know for certain what the Federal Reserve will do or even more importantly, how the market will rea...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Tuesday as investors digested a plate full of earnings reports, the start of the two-day Federal Reserve meeting, and comments from President Trump that cast doubts on the success of U.S. trade talks with China. Tech giant Apple (AAPL - Get Report) is scheduled to report fiscal-third-quarter ea...Read More
Three-month base metals prices traded on the London Metal Exchange universally closed down at the afternoon kerb on July 30, with a strengthened dollar complex and inflows across all metals, except zinc, exerting downward price pressure.An increasingly macro-sensitive base metals complex may be reacting to United States President Donald Trump's assertions, via social media, that current US-Sino tr...Read More
I have always secretly wanted to work at a precious metals bullion dealer. I love gold GC00, +0.07%. And silver and platinum. I love them philosophically, and I also just like shiny rocks. But if you think about it, trading metals is a really weird business. Say you are bullish on silver and want to speculate on it, thinking it will appreciate in price. You can buy an ETF, yes, or you can buy sil...Read More
French multi-metals miner Eramet's Weda Bay Indonesian nickel pig iron (NPI) project, which houses an estimated 10,000-tonne deposit of laterite nickel ore, will come online in the second half of 2020.The project is being developed with Chinese stainless steel producer Tsinghan, which is undertaking all construction costs and will hold a subsequent 43% stake in the venture, and will focus on NPI p...Read More
The London Metal Exchange three-month zinc price increased during morning trading on Tuesday July 30, making a steady approach toward $2,500 per tonne amid broadly low turnover and continued US dollar strength. Volumes traded in the galvanizing metal were moderate as of 8:55am, but led a broadly lackluster complex with 2,200 lots exchanged. Reaching an intra-morning high of $2,488 per tonne,...Read More
He was corporate broker to a dozen UK-listed miners and worked on the US$3 billion financing of Aluminium Bahrain's 500,000 tonnes per annum aluminium smelter expansion, the recapitalisation of Kenmare Resources, the acquisition of Stillwater by Sibanye and Rio Tinto's Ivanhoe Mines transactions. SolGold says Hofmaier funded bulk and base metals mines into production and counted numerous global he...Read More
ALROSA said Okoemov and Matveev had received commendations from Russia's finance minister for their "significant contribution to the development of the diamond industry and for many years of conscientious work".Alexander Terentiev, advisor to the CEO and head of ALROSA's office in Yakutsk, also recently left the company to take up a government role. ALROSA said its representative office in Yakutsk...Read More
The accelerated ramp-up of the new Cobre Panama copper mine in the central American country has brought the start of its commercial production forward by several months to before the end of the third quarter, according to owner First Quantum Minerals.The company had previously expected to begin commercial production at the mine in Panama, which is the industry's only major greenfield project and w...Read More
China's leading stainless steel mills have kept their high-carbon ferro-chrome tender prices for August unchanged from the prior month.Tsingshan Group and Baosteel announced August tender prices of 6,296 yuan ($913) per tonne and 6,300 yuan per tonne respectively on Friday July 26, flat with those announced for July. This was followed by Taiyuan Iron & Steel (Tisco) announcing on Tuesday that it w...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJuly 30, 2019 Is gold finally due to swoon or can it continue to rally? The naysayers point to overbought conditions on the weekly charts, COT reports showing a mammoth short position held by the commercial traders, and the upcoming stock market “crash season”. The bulls point...Read More
Zijin Mining's 150,000-tonne-per-year copper smelter in Northeast China's Heilongjiang province will be commissioned on Sunday August 18, sources with direct knowledge of the matter told Fastmarkets."The igniting of the new furnace is set for August 18 and raw material will be fed into the smelter from September," one source said. Construction of the smelter began in May 2017 and it has capacity t...Read More
French multi-metals miner Eramet's Weda Bay Indonesian nickel pig iron (NPI) project, which houses an estimated 10,000-tonne deposit of laterite nickel ore, will come online in the second half of 2020.The project is being developed with Chinese stainless steel producer Tsinghan, which is undertaking all construction costs and will hold a subsequent 43% stake in the venture, and will focus on NPI p...Read More