"Vale #Nickel Guidance Lowered for 2020: Vale has lowered its 2020 nickel guidance to 200-210kt from 240kt previously. No details on where production is being trimmed, but does note that it will only be producing Ni hydroxide from VNC after shutting the refinery. (source: BMO)"Read full newsRead More
GOLDEN, Apr 13, 2020 (GLOBE NEWSWIRE via COMTEX) --GOLDEN, Colo., April 13, 2020 (GLOBE NEWSWIRE) -- Golden Minerals Company (NYSE American and TSX: AUMN)...Read full newsRead More
(Kitco News) - Jaguar Mining Inc. (TSX: JAG) mined the most gold in the first quarter since the fourth quarter of 2017, the company said Monday.Re...Read full newsRead More
"A major update soon on Northern Ontario's most significant grassroots high-grade Silver discovery in at least 40 years ???"#Duediligence#CanadaCobaltWorks $CCW #Silver #Cobalt #Gowganda #Silvermine #Cobaltmine#TSXV #Smallcaps #StocksToWatch #MomentumStockshttps://t.co/rg11fqaEst"Read full newsRead More
Another "golden week" is underway, and both the miners and bullion are off to a great start!Please click here now. Gold bullion ETF purchases are soaring. For the SPDR fund (GLD-NYSE), total tonnage has moved above the key 1000 tonnes marker.With the Corona virus, here's where the rubber meets the road: No government has accumulated any savings to deal with this or any other crisis.That ope...Read More
Drill site at Kandiole Credit: Roscan. Roscan Gold (CVE: ROS) has released the results of 20 diamond and reverse circulation drill holes completed at the Mankouke South target within its Kandiole project in western Mali, which extend the mineralization down to 120 metres, from 80 metres previously.Drill highlights include 70 metres of 3.2 g/t gold, 22 metres of 5.75 g/t gold as well as 3.5 metre...Read More
Image from shutterstock. The United Steelworkers (USW) is the largest private-sector union in North America, with more than 225,000 members in Canada. The USW is Canada's most diverse union, representing men and women working in every sector of the economy.Many union members are still onthe job during the pandemic.The Right to Refuse unsafe workis a core element of workplace health and safety is...Read More
I'm old enough to remember the last economic crisis America suffered.In 2008, I'd just broken into the business as a financial writer and had a front-row seat to the meltdown. Day in and day out, I reported and analyzed all of the moving parts...The subprime loans and bad mortgages, the sovereign debt and collateralized debt obligations, car companies that overextended themselves, the banks that...Read More
Troilus gold project is located northeast of the town of Chibougamau. (Image by 0x010C, Wikimedia Commons). Troilus Gold has released the results of three drill holes completed at the Southwest zone within its 160-sq.-km Troilus gold project, northeast of Chibougamau, Quebec; the results appear to confirm a mineralized trend of over 1 km.The drill highlights include 33 metres of 1.65 g/t gold-eq...Read More
Gold continues to rally. Credit: Matt Johnson via Flickr Gold has tallied its 4th straight session gain, continuing its rally last week, which saw the price of the precious metal reach its highest in more than seven years.Gold's latest run is spurred by cash injections to mitigate the severe impact of covid- 19 on the global economy. Governments worldwide are signing off on massive stimulus measu...Read More
Black Fox gold mine near Timmins, Ontario. (Image courtesy of McEwen Mining) McEwen Mining (NYSE: MUX, TSX: MUX) reported on Tuesday it is reopening its Black Fox mine in northern Ontario that was temporarily shut down due to covid-19 restrictions. In Q1, Black Fox produced 8,328 gold equivalent ounces.McEwan also reported consolidated production of 29,177 gold ounces and 553,179 silver ou...Read More
Another "golden week" is underway, and both the miners and bullion are off to a great start!Please click here now. Gold bullion ETF purchases are soaring. For the SPDR fund (GLD-NYSE), total tonnage has moved above the key 1000 tonnes marker.With the Corona virus, here's where the rubber meets the road: No government has accumulated any savings to deal with this or any other crisis.That ope...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 14 that are worth another look.Toyota Motor Corp has decided to again postpone the reopening of its automaking plants in Brazil by two months amid plunging demand and in order to prevent the Covid-19 virus from spreading among its workers, the company said on Monday April 13.The Covid-19 pandemic has inevitably drawn comparis...Read More
Aluminium premiums fell across the globe during the past week, on weakened demand due to Covid-19 lockdowns and a wider contango spread between cash and three-month contracts on the London Metal Exchange which is supportive to traders holding the metal.Rotterdam down amid smelters focusing on P1020A ingotsMJP premium steady on lower market liquidityUS Midwest hits lowest level since January 2018Eu...Read More
London Metal Exchange three-month base metals prices, with the exception of lead, continued their upward momentum at the close on Tuesday April 14, buoyed by positive China customs data and ebbing virus concerns in other regions, including the United States. China's trade balance figures for March, which measure the difference in value between imported and exported goods month on month, were annou...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 14, 2020 Another “golden week” is underway, and both the miners and bullion are off to a great start! Pleaseclick here now. Gold bullion ETF purchases are soaring.For the SPDR fund (GLD-NYSE), total tonnage has moved above the key 1000 tonnes marker. With the Corona viru...Read More
Jack ChanPosted Apr 14, 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.Our ratio is on a BUY signal.Gold remains bullish in the long-term.Major support and resistance, and a median price are now...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 14 that are worth another look.Toyota Motor Corp has decided to again postpone the reopening of its automaking plants in Brazil by two months amid plunging demand and in order to prevent the Covid-19 virus from spreading among its workers, the company said on Monday April 13.The Covid-19 pandemic has inevitably drawn comparis...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 14.Please click...Read More
The IMF projected global growth to fall to -3% in 2020, a downgrade of 6.3 percentage points from January, "a major revision over a very short period".The projection also assumed the COVID-19 pandemic and required containment would peak in the second quarter for most countries and recede in the second half of the year.Most key markets closed higher yesterday, with the S&P 500 up 3.06% and the...Read More