The COVID-19 pandemic in 2020 has brought some previously unknown pharmaceuticals firms to the limelight and propelled one small-cap to lead among the best-performing Canadian stocks so far this year.However, there has been a surge in gold prices, as investors took a flight to safe-haven assets. This has been a welcome blessing to well-placed gold producers. But returns on gold stocks are nowhere...Read More
According to the stock market, the crisis seems to be over. If that doesn’t worry you, I don’t know what will. I think there is a good chance we could be testing new highs soon, if not in Canada, then at least in the United States.The United States has stated that cases are slowing faster than expected. Stimulus packages from global governments are seen positive for their economies. Ma...Read More
Image from TAGE. Software company Wind River is collaborating with open-pit miningsolutions provider Beijing TAGE Idriver Technology (TAGE) on a cutting-edgesoftware platform for the development of next-generation autonomous miningvehicles.The mining industry is advancing to fullyautonomous vehicles and machinery in order to improve safety, increaseproductivity, and save costs. TAGE has developed...Read More
What will the world look like in a year? Five years? Ten years? It's a question that was hard to answer before, and all but impossible to fathom now. As the world continues adjusting to the worst public health crisis in decades, it faces a looming specter of economic upheaval that could be just as drastic. That's according to the World Trade Organization. This past week it warned that global...Read More
The Kibali gold mine in the DRC. (Image courtesy of Barrick Gold) Barrick has bought over 800,000 antibody testing kits to screen workers and the communities around its mines for covid-19, the Financial Times reported Wednesday. "We've got 300,000 kits on the way. We've got about 150,000 in the country already and another 400,000 that we have just finalized [buying]," Bristow told the Financi...Read More
Newfoundland gold mineralization. (Credit: Marathon Gold) Marathon Gold has released the results of 16 diamond drill holes, which extend the strike length of the Berry zone to 350 metres. The drilling targeted both the Berry zone as well as the ground to the northeast, towards the area known as the Frozen Ear Pond Road in Newfoundland. The drilling targeted both the Berry zone as well as the gro...Read More
Mother Lode project. Image courtesy of Corvus Gold. Infill drilling at Corvus Gold's Mother Lode project in Nevada has intersected gold outside of the mineralized blocks at the Main zone and extended the Central Intrusive zone (CIZ) at depth.The drill highlights include 42.7 metres of 1.98 g/t gold and 47.2 metres of 1.43 g/t gold from the Main zone as well as 18.3 metres of 1.82 g/t gold from...Read More
Vale's Ponta da Madeira iron ore terminal. (Image courtesy of Read More
Weekly Reports |Apr 14 2020Kazatomprom has moved to formalise virus-related production shutdowns across its operations, sending uranium spot prices higher still.-Kazak restrictions impact uranium production-Cameco moves to shutter more facilities-spot and term prices on the move in responseBy Greg PeelThe Kazak government has imposed measures which now cover all of state-owned Kazatomprom's region...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 15 that are worth another look.No market has been left untouched by the escalating coronavirus pandemic, but iron ore prices have proved relatively buoyant for the past two months compared with the price plunges we have seen in other commodities.Industry association European Aluminium has launched a strategic plan to maximi...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 15.Please click...Read More
The three-month tin price on the London Metal Exchange was the worst performer across afternoon trading on Wednesday April 15, dipping by just less than 2% and wiping out gains made earlier in the day, while aluminium futures held above nearby support despite continued inflows.Tin's outright price on the LME closed at $15,093 per tonne at the 5pm close, falling from an intraday high of $15,425 per...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 15 that are worth another look.No market has been left untouched by the escalating coronavirus pandemic, but iron ore prices have proved relatively buoyant for the past two months compared with the price plunges we have seen in other commodities.Industry association European Aluminium has launched a strategic plan to maximi...Read More
The latest retail sales and factory output reports showing declines "were the most solid pieces of evidence yet that the economy was in deep recession and potentially at risk of a depression," Reuters reported.The data comes as the number of confirmed COVID-19 cases globally has risen above 2 million, according to tracking by the Johns Hopkins University.Meanwhile Chinese steel exports jumped in M...Read More
Weekly Reports |Apr 14 2020Kazatomprom has moved to formalise virus-related production shutdowns across its operations, sending uranium spot prices higher still.-Kazak restrictions impact uranium production-Cameco moves to shutter more facilities-spot and term prices on the move in responseBy Greg PeelThe Kazak government has imposed measures which now cover all of state-owned Kazatomprom's region...Read More
A wide high-grade palladium-nickel-copper zone has been intersected about 60m east of the discovery hole, which hit 19m at 2.59% nickel, 1.04% copper, 8.37 grams per tonne palladium and 1.Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 15 that are worth another look.No market has been left untouched by the escalating coronavirus pandemic, but iron ore prices have proved relatively buoyant for the past two months compared with the price plunges we have seen in other commodities.Industry association European Aluminium has launched a strategic plan to maximi...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report final assay results from the winter 2020 drilling program at the Hurricane zone. Discovered in 2018 at the Larocque East property, the Hurricane zone is a recent discovery of high-grade uranium mineralization. Larocque East is 100% owned by IsoEnergy and is located in the prolific Eastern Athabasca Basin of Sa...Read More
Global mining company BHP has stopped tendering spot market copper concentrates from its Escondida mine, informed sources have told Fastmarkets. Escondida in Chile, which produced 1.19 million tonnes of copper last year - around 5% of global supply - traditionally sells substantial volumes of concentrates on the spot market, with traders bidding against each other to win cargoes. But the company h...Read More
The stock market has been acting as though truckloads of oral vaccine will show up on supermarket shelves by the weekend. Of course, we know better than to attribute the robust uptrend of the last two weeks to careful or even rational calculation. The market after all is not a thinking creature, just a dumb beast that has been annoyed by a swarm of flies, or excited by pheromones washing over th...Read More