French mining and metallurgy company Eramet generated lower operating income from its manganese business in 2018 despite higher sales, the group announced in a results statement on Wednesday February 20.This was a consequence of squeezed manganese alloy margins which offset strong manganese ore prices.Operating income at the manganese division dropped to ?,?699 million ($793 million) in 2018 from...Read More

Key data from the Wednesday February 20 pricing session in Shanghai. Cobalt metal key drivers  The domestic Chinese cobalt metal price trended lower midweek due to thin spot activity following the Chinese New Year holiday on February 4-10 as well as lower offers from some suppliers who were trying to offload stocks.  Mainstream offers and sales for Jinchuan-brand cobalt were around 290,0...Read More

Domestic stainless steel prices in China increased slightly over the past week amid an uptick in demand.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,700-15,000 yuan ($2,185-2,230) per tonne including value-added tax for the week ended Wednesday February 20, narrowing upward by 100 yuan per tonne from 14,600-15,000 per to...Read More

In a one hour and forty-five minute conference call on Feb. 13, barely seven weeks after the merger of Barrick Gold (TSX: ABX; NYSE: GOLD) and Randgold Resources became effective on Jan. 1, newly installed president and CEO Mark Bristow said he was excited "by the prospect of putting the Barrick brand back where it belongs, and that is at the head of the gold mining industry," and that the new tea...Read More

Harte Gold's (TSX: HRT; US-OTC: HRTFF) Sugar Zone gold mine in northern Ontario reached commercial production on Jan. 1, and permitting is underway to increase throughput to 800 tonnes per day.In the meantime, the company has just folded into a revised resource estimate, 90,000 metres of infill and step-out drilling it completed last year across the Sugar, Middle and Wolf Zones.The drill program e...Read More

Galway Metals (GWM.V, GAYMF) is a Canadian exploration stock with two prospective projects located in strategic locations. Fundamentally, some things stand out.1. InsidersOver 30% of outstanding shares are in the hands of management and insiders. High quality management as both CEO and Chief Geo come from Kirkland Lake Gold (KL.TO) where they also held management positions. Another reputable insid...Read More

Energy, mining, and Canadian cannabis continue to offer growth investors the potential for upside - though not all of these industries provide stocks with the same mix of value, outlook, and passive income. The following representative stocks are a good place to start if you're looking for high expected growth in earnings over the next couple of years, so without further ado, let's take a look at...Read More

Galway Metals (GWM.V, GAYMF) is a Canadian exploration stock with two prospective projects located in strategic locations. Fundamentally, some things stand out.1. InsidersOver 30% of outstanding shares are in the hands of management and insiders. High quality management as both CEO and Chief Geo come from Kirkland Lake Gold (KL.TO) where they also held management positions. Another reputable insid...Read More

The miner's key project is the Baita Plai underground polymetallic mine in Romania, and it is also putting money into a Marange diamond fields joint venture in Zimbabwe.The bridging loan from Bergen Global Opportunity Fund came after an expected $5.5 million prepayment package was delayed in late 2018.Mercuria Energy Trading finally cancelled the financing in January, sending Vast into a funding c...Read More

The record large 16.28 carat gem-quality diamond recovered on February 18 was sold for $78,947, valuing the stone at US$4,849 per carat. The smaller 8.97ct diamond recovered earlier in the month was sold for $8,306/ct, giving it a total value of $74,513. The stone had been independently valued at over $50,000.CEO Adam Waugh said the sales had further strengthened BlueRock's confidence in the...Read More

The result saw a dividend of 15c per share declared.Last October, Lycopodium reported revenues of $194.6 million and a net profit after tax of $18.17 million for the year ended June 30, with the company saying it expected results in the current year to be generally in line with 2017/18.Last year Lycopodium paid a total dividend of 30c, including 12c in the first-half.In its statement today, Lycopo...Read More

A Nautilus Minerals seafloor bulk cutter mining machine. Source: Nautilus Minerals Inc.Nautilus Minerals Inc. [NUS-TSX; NUSMF-OTC], a company that was hoping to become the world's first deep sea mining firm, has sought protection against bankruptcy.Nautilus said Friday February 22 that it has obtained an order from the British Columbia Supreme Court that provides the company with protection from i...Read More

The Turquoise Ridge gold mine 70 km northeast of Winnemucca, Nevada, owned as to 75% Barrick Gold and 25% Newmont Mining. Source: Barrick Gold Corp.Barrick Gold Corp. [ABX-TSX, NYSE] confirmed Friday February 22 that it has considered making a no-premium offer for Newmont Mining Corp. [NEM-NYSE] as the Canadian mining giant looks for ways to boost production.Barrick has reviewed the opportunity to...Read More

While in college, I met a girl from Grand Forks, ND.She was stunningly gorgeous, and for some odd reason, took a liking to me.Unfortunately, I was a stupid kid and had no idea how to play it cool. Three days after meeting her, she took her ball and went home. And as much as it broke down my self confidence even further, I did learn a very valuable lesson: When you have an opportunity to make a mov...Read More

Lithium Chile (TSX-V: LITH) owns fifteen projects, encompassing 159,950 hectares on Li-rich Scalars in Chile - which has the largest, high-grade lithium reserves and lowest-cost lithium production in the world. At the 2019 Vancouver Resource Investment Conference, we learned from Steven Cochrane, who is President and CEO of Lithium Chile, that 2018 was a successful year. The Company drilled its fi...Read More

The price of gold is quietly on the rise.Over the past four weeks, gold prices have climbed over 5% to $1,350 an ounce - a 10-month high.And this could be just the beginning of a much broader rally - meaning if you want to get into gold, the time is now.Gold prices have been inching up dollar by dollar for a while now. If you take a look at a one-year chart of gold, you'll see prices bottomed out...Read More

Wheaton Precious Metals?,,? Corp. (TSX: WPM, NYSE: WPM) is one of the largest precious metals streaming companies in the world. Wheaton currently has streaming agreements for 19 operating mines and 9 development stage projects. We learned from Randy Smallwood, President and CEO of Wheaton Precious Metals, that in 2018 the Company made their first venture into cobalt, by acquiring a cobalt stream f...Read More

COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More

The gold miners' stocks surged strongly this week, blasting to new upleg highs. The mounting gains are naturally driving more interest in this small contrarian sector, shifting sentiment towards bullish. Despite their accelerating rally, gold stocks still remain fairly low technically and deeply undervalued relative to gold. So their strengthening upleg likely has plenty of room to run c...Read More

HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com Radio.Mr. Pento graciously outlines his current portfolio-strategy in detail for the listening audience.One of the few economic pundits to correctly anticipate the market plunge of 2018 on record.Gold and utilities remain favorite long positions, while he is comfortable with a short positi...Read More