ENDEAVOUR ACHIEVES FIRST GOLD POUR AT ITY CIL PROJECT 4 MONTHS AHEAD OF SCHEDULE View News Release in PDF HIGHLIGHTS Over 8.5 million man-hours have been worked without a lost time injury The ...Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. After rallying more than 20 points or 1.9% and reaching as high as 1150.89 intraday on Thursday, The Index gave back a good portion of those gains as the week ended. The INK Canadian Insider Index held onto 4.6 points and a close of 1133.53. MACD rose 2.7 points to -1.7. RSI rebounded a...Read More
Gold is flat at the start to the Asian session; the rebound of the dollar is keeping the yellow metal under pressure until geopolitical risk events trigger a rise in demand. Brexit is high on the agenda, as Prime Minister May came back to the UK with an extension on hand but might need more to get Eurosceptic MPs to her side. May’s tenure as Prime Minister could be short lived, but even pote...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Gold's net bullish positions increased for the first time in three weeks. Positions remain in bullish territory for the eighteenth straight week. Gold speculators increased their bullish net positions in the week ended March 19, the Commodity Futures Trading Commission (CFTC) data released on Friday showed. The non-commercial futures contracts of Gold futures, traded by large spec...Read More
B2Gold (TSX: BTO; NYSE-AM: BTG) was created as a junior exploration company in 2007, and since then it has grown to become an intermediate gold producer, with five mines in four countries.Last year production reached 953,504 oz. gold - a 51% jump over 2017 - sending revenues nearly doubling year-on-year to US$1.2 billion, and cash flow almost tripling to US$451 million.That war chest helped B2Gold...Read More
Before he founded International Tower Hill Mines (TSX: ITH; NYSE-AM: THM) in the mid-2000s and discovered the Livengood deposit in Alaska - a development project that now has an estimated 19.7 million oz. gold - Jeffrey Pontius worked for seven years as the U.S. and North American exploration manager for AngloGold Ashanti (NYSE: AU). It was during his time at the South African miner that the geolo...Read More
Key data from the Friday March 22 pricing session in London.Key drivers - Some sellers continued to offer aggressively to get stock off their books, but others took a step back and held their offers within range. - Consumers were emboldened to bid aggressively after...Read More
Ukraine steelmaker Metinvest will redirect some of its merchant pig iron output to steel production, increasing slab and hot-rolled coil exports, chief executive officer Yuriy Ryzhenkov told Fastmarkets in an interview."This year we expect the increase of steel production at Ilyich [Iron & Steel Works] by 800,000 tonnes - that will lead to a reduction of our merchant pig iron sales," Ryzhenkov sai...Read More
Ukraine steelmaker Metinvest will redirect some of its merchant pig iron output to steel production, increasing slab and hot-rolled coil exports, chief executive officer Yuriy Ryzhenkov told Fastmarkets in an interview."This year we expect the increase of steel production at Ilyich [Iron & Steel Works] by 800,000 tonnes - that will lead to a reduction of our merchant pig iron sales," Ryzhenkov sai...Read More
Steel billet prices were largely stable in most regions in the week ended Friday March 22, with high raw materials costs affecting offer prices while buyers remained resistant, but demand was starting to improve at the end of the week.Scrap prices in Turkey remained high, with producers continuing to book material on Friday.Fastmarkets' daily index of North Europe-origin ferrous scrap HMS 1&2 (80:...Read More
Ukraine steelmaker Metinvest will redirect some of its merchant pig iron output to steel production, increasing slab and hot-rolled coil exports, chief executive officer Yuriy Ryzhenkov told Fastmarkets in an interview."This year we expect the increase of steel production at Ilyich [Iron & Steel Works] by 800,000 tonnes - that will lead to a reduction of our merchant pig iron sales," Ryzhenkov sai...Read More
Steel billet prices were largely stable in most regions in the week ended Friday March 22, with high raw materials costs affecting offer prices while buyers remained resistant, but demand was starting to improve at the end of the week.Scrap prices in Turkey remained high, with producers continuing to book material on Friday.Fastmarkets' daily index of North Europe-origin ferrous scrap HMS 1&2 (80:...Read More
Ukraine steelmaker Metinvest will redirect some of its merchant pig iron output to steel production, increasing slab and hot-rolled coil exports, chief executive officer Yuriy Ryzhenkov told Fastmarkets in an interview."This year we expect the increase of steel production at Ilyich [Iron & Steel Works] by 800,000 tonnes - that will lead to a reduction of our merchant pig iron sales," Ryzhenkov sai...Read More
Here are five Fastmarkets MB stories you might have missed on Friday March 22 that are worth another look.As of March 23, it has been a full year since US President Donald Trump's administration imposed tariffs against imported steel and aluminium under Section 232 of the Trade Expansion Act of 1962, which allows the president to place restrictions on imports on national security grounds. On the f...Read More
Key data from the Friday March 22 pricing session in London.Key drivers - Some sellers continued to offer aggressively to get stock off their books, but others took a step back and held their offers within range. - Consumers were emboldened to bid aggressively after...Read More
Here are five Fastmarkets MB stories you might have missed on Friday March 22 that are worth another look.As of March 23, it has been a full year since US President Donald Trump's administration imposed tariffs against imported steel and aluminium under Section 232 of the Trade Expansion Act of 1962, which allows the president to place restrictions on imports on national security grounds. On the f...Read More
The mid-tier gold miners' stocks have been rallying on balance in recent months, carving a solid young upleg. They've mostly finished reporting their latest fourth-quarter results, revealing how they are faring fundamentally. Their operating and financial performance is very important for investors, as the mid-tier realm is where most of the gold-stock sector's gains accrue. They fared reall...Read More
Growing economic and geopolitical uncertainty continues to weigh on stocks and support the price of defensive assets — notably, gold. There are growing claims among analysts that gold could reach US$1,400 an ounce or even higher during 2019. This will be a boon for gold miners with high-quality low-cost operations, like Dundee Precious Metals (TSX:DPM).Production at Krumovgrad commencesThe i...Read More
Despite the claims by some pundits that silver, known as poor man's gold, is overdue for a massive rally, there are signs that the white metal will remain weak over 2019. This is a tremendous deterrent against choosing to invest in primary silver miners, particularly when it is considered that even with gold firming to over US$1,300 per ounce, silver has failed to perform.Lack of investmentThe whi...Read More