(IDEX Online) - The American Gem Society (AGS) is to hold its first virtual Conclave after coronavirus forced the cancelation of the actual event in Denver, Colorado.It will feature up to eight hours of online education over two days, April 27-28, plus a social event - a video dance party. The virtual Conclave will be free to AGS members.The annual education, social and networking even...Read More
(IDEX Online) - The CEO of Russian mining giant Alrosa has sold half his stake in the company and donated the proceeds to fighting coronavirus. The sale of Sergey Ivanov's shares raised RUB18.5m ($240,000) and will help counter the spread of Covid-19 in the Siberian town of Mirny. Most of the town's 35,000 residents work for Alrosa, the state-owned mining company which is the world'...Read More
(IDEX Online) - The sister of former De Beers diamond boss Nicky Oppenheimer has matched his billion-rand ($52m) donation to South Africa's coronavirus battle.Mary Oppenheimer's money will help the Solidarity Fund diagnose, treat and support those with Covid-19.In a joint statement with her daughters, she said: "We join all South Africans in expressing our profound hope that, together, w...Read More
(IDEX Online) - A British jeweler died in hospital 12 days after he was diagnosed with coronavirus. Tributes have been paid to father-of-two Kelly Dunning, 48, who ran a family-owned jewelry store in Kings Langley, Hertfordshire, 20 miles from London. He suffered no underlying health issues and had boxing sessions twice a week with his personal trainer.He was rushed to hospital by...Read More
(Kitco News) - Torex Gold Resources Inc. (TSX: TXG) late Thursday announced that operations will be temporarily suspended at the company's El Lim??...Read full newsRead More
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) ("Alamos" or the "Company") today announced that it will be suspending operations at its Mulatos mine until April 30, 2020 and extending the suspension of operations at Island Gold for an additional two-week period.The temporary suspension of operations at MulatosRead full newsRead More
"We asked our followers this week if #mining operations should stay open or close amid #COVID19 - find out what they said. https://t.co/dVo0kLir1v #investing #coronavirus"Read full newsRead More
GFG Resources' core shack near Timmins, Ont. Credit: GFG Resources GFG Resources has hit 8.5 metres at 71.27 g/t gold in drilling at the Nib prospect, part of its Pen gold project, 40 km west of the Timmins gold camp in Ontario.The high-grade interval in hole PEN-20-47, which includes 1.2 metres of 511 g/t gold, was intersected at a vertical depth of about 50 metres.The hole intercepted several...Read More
Quantitative easing, checks for every American, expanded unemployment, small business loans, and a grand total $2.2 trillion in deficit spending...Hasn't been enough, apparently.Donald Trump, facing an election year crisis like none ever seen before, now thinks it's time for that infrastructure bill he's been promising for four years."With interest rates for the United States being at ZERO, this i...Read More
The mining camp at Marathon Gold's Valentine Lake gold project. Image from Marathon gold. Marathon Gold has released the results of a pre-feasibility study on its Valentine gold project in Newfoundland, which envisions a 12-year open pit mine, producing an average of 175,000 oz. of gold annually in the first nine years of operation. With an initial capital cost of C$272 million and average life-...Read More
Baptiste zone at Decar. Image from FPX. FPX Nickel expects the updated preliminary economic assessment (PEA) for the Baptiste deposit within its wholly owned 245-sq.-km Decar nickel district in British Columbia to be completed either towards the end of the third quarter or into the fourth quarter of 2020.While the company is monitoring the potential impacts of covid-19 on project timelines, with...Read More
Last year, Geovariances, an industry expert in applied geostatistics, launched Isatis.neo Mining Edition, the geostatistics software that improves performance and enables confident resource estimation and comprehensive geostatistical studies.The company has now released version 2020.02 of Isatis.neo, which includes tools from the previous version of Isatis that users found beneficial. These in...Read More
Here are five Fastmarkets stories you might have missed on Monday April 6 that are worth another look.Italian stainless steelmaker Acciai Speciali Terni (AST) has resumed production, following a week of downtime in response to the coronavirus pandemic, sources told Fastmarkets on April 6.The Covid-19 pandemic may have just sealed the fate of already-struggling aluminium smelting capacity.Chile's s...Read More
The London Metal Exchange three-month tin price closed trading higher on Monday April 6, with thin volumes across the complex allowing it capture the bulk of price gains, while aluminium entering LME warehouses put the light metal under pressure. LME tin's underlying price closed at $14,280 per tonne on Monday afternoon, climbing from an intraday low of $14,140 per tonne, while just 188 lots of ti...Read More
captainewaveemail: admin@captainewave.comwebsite: www.captainewave.comApril 6, 2020SP500:Long Term Update: The SP500 moved sharply lower this past week, reaching 2447.49, and closed at 2488.65. If our wave iv irregular type corrective pattern is the correct analysis then it is complete at the 2191.86 high and the SP500 is now poised to rally “impossibly” to all time new high...Read More
The Covid-19 pandemic may have just sealed the fate of already-struggling aluminium smelting capacity. At under $1,500 per tonne, aluminium cash prices on the London Metal Exchange are at levels last seen in 2015 and not far shy of the lows seen during the 2008-09 financial crisis. Estimates are that as much as half the world's smelters are now under water, meaning cuts and/or closures are inevita...Read More
Jack ChanPosted Apr 6, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation continues to pullback from recent high.Speculation remains high despite new low.Our ratio is on BUY signal.Gold r...Read More
Here are five Fastmarkets stories you might have missed on Monday April 6 that are worth another look.Italian stainless steelmaker Acciai Speciali Terni (AST) has resumed production, following a week of downtime in response to the coronavirus pandemic, sources told Fastmarkets on April 6.The Covid-19 pandemic may have just sealed the fate of already-struggling aluminium smelting capacity.Chile's s...Read More
The federal government announced temporary changes to the foreign investment review framework designed to protect Australia's national interest as it deals with the economic implications arising fromRead More
Seaborne manganese ore prices in China soared in the week ended Friday April 3, driven by strength in the portside market following supply concerns after South Africa's nationwide lockdown permeated the seaborne market. South Africa entered a 21-day nationwide lockdown on Thursday March 26 and ordered the country's metals and mining operations to be placed on care and maintenance. South Afric...Read More