Recent News

Gold continues its upward journey on bleak economic outlook

May 20, 2020

News of more tensions between US and China and a potentially new trade war sent waves through international markets at the beginning of the week. The two world leaders are currently locked in a battle of trying to pinpoint the origin of the coronavirus that shut down whole countries, disrupted supply chains and brought to halt entire sectors, causing an economic slowdown similar to the one during...Read More

Explained: The factors affecting gold prices

May 16, 2020 /

A weak rupee vis--vis the US dollar can increase domestic gold pricesRead full newsRead More

Canada's Next Gold Mine on Track for First Gold Pour in Q4

May 17, 2020 /

Pure Gold Mining Inc. (TSX-V: PGM, LSE: PUR) ("PureGold" or the "Company") is pleased to report mine construction activities at its PureGold Red Lake Mine in Ontario are on schedule for first gold pour before the end of the year.Work to date has proven we have a clear and precise understanding of theRead full newsRead More

Teck increasing QB2 workforce but still unclear when ops will return to normal, CEO says

May 13, 2020 /

Teck Resources is starting to increase the number of workers active at its Quebrada Blanca Phase 2 (QB2) project in northern Chile but is still uncertain when it will be able to resume normal activities at the site. Around 1,100 employees are now active at the project, according to Don Lindsay, chief executive officer of the Canada-based company, noting that employment at the site had dropped...Read More

Junior Gold Miners Profits Jump on Higher Gold Prices

May 12, 2020

Canada’s main stock index rose on Tuesday, steered by energy stocks and the materials sector, which added 0.7% as gold futures rose 0.3% to $1,700 an ounce. U.S. gold futures rose 0.9% to $1,713.20 per ounce. The most heavily traded shares by volume were Freegold Ventures Ltd, down 5.9%; B2gold Corp while Canadian Natural Resources Ltd, which rose 3.4%., was among the largest percentage gai...Read More

Gold continues to push against seven-year highs

May 08, 2020

In the first week of May, gold prices continue to hover near $1,705, hinting at a strong probability that the yellow metal could advance towards $1800 over the coming months. Crashing oil prices and the global coronavirus pandemic have created an opportunity for stronger Gold demand amid increased economic uncertainty and market volatility. Tuesday’s trading session saw gold prices head for...Read More

Potash majors squabble as market weakness persists

May 05, 2020 /

BPC said last week it had agreed a contract price of US$220/tonne with a consortium of Chinese buyers for potash to be supplied in 2020.Read More

Police arrest eight after violent protests at Indonesia's new #nickel hub | The Chronicle Herald

May 03, 2020 /

JAKARTA (Reuters) - Police in Indonesia's North Maluku province have arrested 8 people linked to a workers' demonstration that turned violent at a nickel project run by France's Eramet and China's Tsingshan Holding Group, a police spokesman said onRead full newsRead More

Indonesia rejects miners' proposal to end #nickel ore export ban

April 29, 2020 /

Indonesia's Coordinating Ministry for Maritime Affairs and Investment has rejected a proposal by nickel miners to allow the export of nickel ore again, the ministry's spokesman, Jodi Mahardi, told Reuters on Wednesday.Read full newsRead More

RT @AndyHomeMetals: Lockdowns and low prices generate nickel supply shock:

April 27, 2020 /

If the boredom has well and truly set in after weeks of travel restrictions and social distancing, you could always join metal traders in a game of lockdown lottery.Read full newsRead More

#Nickel prices jump after Vale trims output target

April 20, 2020 /

Nickel prices jumped to their highest in more than a month on Monday after mining company Vale slashed its annual output target for the stainless steel ingredient due to the impact of the coronavirus pandemic.Read full newsRead More

Gold prices ease ahead of scheduled Fed and ECB meetings

April 28, 2020

Gold prices are reacting along with gold stocks and company shares in the week ahead of scheduled meeting to be held by the US Federal Reserve and the European Central Bank. Following several rounds of interest rate cuts and stimulus packages aimed at extending financial aid to struggling businesses to counter an impending economic collapse, investors are starting to pull away from the yellow meta...Read More

As Gold Prices Slide, Could the Rally Soon be Over?

April 24, 2020

Gold prices dropped nearly 2% to a near two-week low on Tuesday as investors scuttled for cash to cover losses in other asset classes driven by a crash in oil markets as the coronavirus outbreak wrecks economies. Spot gold slipped 1.3% to $1,671.68 per ounce, having earlier hit a low since April 9 at $1,659.68. U.S. gold futures settled 1.4% lower at $1,687.80. Gold price witnessed a low of $1,57...Read More

Gold Stocks Outlook Bright on Coronavirus Fears

April 15, 2020

Gold prices reached their highest level in more than seven years on Tuesday due to growing concerns over the global economic slowdown as a result of the coronavirus pandemic. A wave of stimulus measures from central banks and governments lifted bullion’s appeal and, consequently, gold stocks value rose as well. The largest percentage gainer on the TSX was Torex Gold Resources, which jumped...Read More

Gold markets quiet down after breaking $1700 level

April 10, 2020

Wednesday’s trading session saw gold markets quiet down after peeking through the $1700 level on Tuesday. By giving back gains the way the market has, the yellow metal ended up forming the shooting star during the Tuesday session which analysts see as a negative sign. The outlook for the market remains positive as investors continue to be attracted to the safety of gold. Furthermore, the cen...Read More

TSX inches higher, March 30-April 3: Agnico, Aura Minerals, Newmont, NovaGold

April 04, 2020 /

The S&P/TSX Composite Index rose 1.98%, or 250.56 points, to finish the trading week at 12,938.30. The S&P/TSX Global Mining Index rose 3.61% to 66.80, while the S&P/TSX Global Base Metals Index rose 0.78% to 63.72. Spot gold finished at US$1,621.00 per oz., for a weekly drop of US$7.00 per oz. drop, or 0.43%, and the S&P/TSX Global Gold Index climbed 4.80% to 253.90.Shares of Agnico Eagle Mines w...Read More

Gold extends gains amid coronavirus worries

April 03, 2020

Gold prices remained stable on Wednesday as investors sought safe-haven assets after fears of a economic downturn due to increasing lockdowns and other global restrctions to combat the coronavirus pandemic. As oil prices took a plunge due to on-going price wars between OPEN and non-OPEC members and port shutdowns that brought tankers and refineries to a halt, investors are turning to real assets...Read More

Philippines' #nickel mining hub to suspend operations due to coronavirus

March 31, 2020 /

Mining operations in the Philippines' southern province of Surigao del Norte, home to most of the country's nickel mines, will be suspended from April 1 as part of efforts to prevent the spread of the coronavirus, two mining companies said on Tuesday.Read full newsRead More

Recession fears loom on markets

April 02, 2020 /

Australia proved a bright spot among global markets yesterday, with the S&P/ASX 200 closing about 3.6% higher while other key indices fell.The S&P 500 closed 4.4% lower in New York and London's FTSE 100 lost 3.8%.Americans have been told they now have 30 days to "slow the spread".The country's manufacturing activity contracted less than expected in March, but disruptions caused by the pand...Read More

Gold Seeker Report: This Week in Mining Issue #6 -- Temporarily Suspended Mining Operations

March 29, 2020 /

Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended March-27, 2020$AEM $AGI $BTC $CXB.TO $CG.TO $EGO $EDV.TO $EQX $FSM $HL $IAG $HL $LUG.TO $MUX $OGC.TO $PAAS $SSRM Due to government mandated shutdowns of select businesses and in this case, mining, in response to the COVID-19 outbreak, there has been rather limited news flow except that related to temporarily suspending mining op...Read More