Canada's mining ministers, with the exception of those from Ontario and Saskatchewan, made public on Sunday the Canadian Minerals and Metals Plan or CMMP, which is expected to guide priority areas for the sector in the coming years.Among those key themes are raising Canadians' awareness of the importance of the minerals and metals sector, responding to ongoing and emerging challenges, and helping...Read More
* Pound dips after last week's jump * Sterling susceptible to Brexit sentiment * Graphic: World FX rates in 2019* Graphic: Trade-weighted sterling since Brexit vote (recasts, updates prices)By Tommy WilkesLONDON, March 4 (Reuters) - Sterling fell on Monday as PrimeMinister Theresa May's top lawyer tried to clinch a Brexitcompromise with the European Union in a last-ditch bid to winover rebellious...Read More
March 4 - Newmont Mining Corp on Monday rejected rival Barrick Gold Corp's unsolicited offer, saying the all-stock proposal was not in the best interest of its shareholders as it was offered at a discount.Barrick had offered 2.5694 of its common shares for each Newmont share, which translated to about $33 per Newmont share on Feb. 25, representing a discount to Newmont's trading price by about $3....Read More
* Stainless steel prices rise, stocks build in China * Copper down on profit-taking on long positions (Adds official close)By Pratima DesaiLONDON, March 4 (Reuters) - Nickel prices climbed to asix-month peak on Monday as expectations of a fourth consecutiveyear of supply deficit were reinforced by signs of robust demandfrom stainless steel mills in China.Benchmark nickel on the London Metal Exchan...Read More
A new high leads to selling.The short-term technical position improved.The long-term picture looks good.Three reasons for higher gold.Turbocharged products on dips.In mid-August 2018, a new high in the dollar index took the price of gold to its lowest price since early 2017 at $1161.40 per ounce. Gold did not stay at that level for long, and by the end of August, the price had recovered to over $1...Read More
"The Investing News Network will go live at PDAC on Monday at 3:30 p.m. EST with Rick Rule @RealRickRule. Here's how to tune in: https://t.co/h0p2lTse8J #PDAC2019 #INNatPDAC #interview"Read full newsRead More
In celebration of 25 years of Mellow Gold, our latest Invisible Hits column highlights the strange, fertile years that preceded Beck's breakthrough.Read full newsRead More
Financing for global mining and exploration lost momentum in 2018 with equity markets in particular shunning the metals and minerals sector according to a report released on the eve of mining's biggest annual gathering in Toronto, Canada.State of Mining Finance 2019, produced by the Prospectors & Developers Association of Canada (PDAC) and junior financing tracker Oreninc, paints a grim picture of...Read More
Financing for global mining and exploration lost momentum in 2018 with equity markets in particular shunning the metals and minerals sector according to a report released on the eve of mining's biggest annual gathering in Toronto, Canada.State of Mining Finance 2019, produced by the Prospectors & Developers Association of Canada (PDAC) and junior financing tracker Oreninc, paints a grim picture of...Read More
Financing for global mining and exploration lost momentum in 2018 with equity markets in particular shunning the metals and minerals sector according to a report released on the eve of mining's biggest annual gathering in Toronto, Canada.State of Mining Finance 2019, produced by the Prospectors & Developers Association of Canada (PDAC) and junior financing tracker Oreninc, paints a grim picture of...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index added 4.7 points or 0.4% to close at 1157.83. MACD flipped negative to -1.44. RSI dipped nearly 3 points to 75.05 and remains elevated (60 to high 70s range) as it has been since early January.Support is at 1139 (20-day moving average) and 1144. Overhead resistance m...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), an advanced platform for the automated distribution of omnichannel product information, announced today Peter MacKay, president and CEO at Venzee is attending Shoptalk, one of North America's largest retail trade shows. Each year, Shoptalk hosts a range of investors, retailers, tech companies and analysts to di...Read More
Consolidation among smaller gold miners is expected to be top of mind as much of the industry meets in Toronto this week, with dealmakers cautiously optimistic a fresh wave of buyouts is imminent once major pending transactions are settled.Barrick Gold Corp's $18 billion hostile bid for rival Newmont Mining Corp last week came shortly after the former's acquisition of Randgold Resources and the la...Read More
Consolidation among smaller gold miners is expected to be top of mind as much of the industry meets in Toronto this week, with dealmakers cautiously optimistic a fresh wave of buyouts is imminent once major pending transactions are settled.Barrick Gold Corp's $18 billion hostile bid for rival Newmont Mining Corp last week came shortly after the former's acquisition of Randgold Resources and the la...Read More
eight people dead, 20 rescued from collapsed indonesian gold mineRead full newsRead More
Chris VermeulenPosted Mar 3, 2019The continued rally in Palladium has prompted speculation that Platinum, Gold, and Silver will follow this trend upwards with renewed buying pressure.The one thing that many people are not considering is that Palladium is an industrial use component for many manufacturing sectors – specifically the automotive sector.As traders, we must understand that a rise...Read More
Here are five Fastmarkets MB stories you might have missed on Friday March 1 that are worth another look.Copper-starved London Metal Exchange warehouses could receive a long-awaited influx of metal from an unexpected source, Fastmarkets has learned. The LME has released its pricing procedures and methodologies for the scheduled release of its cash-settled futures contracts on March 11, h...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here for Fastmarkets' price assessment for alloy-grade cobalt, in-warehouse, $ per lb In light...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here for Fastmarkets' price assessment for alloy-grade cobalt, in-warehouse, $ per lb In light...Read More
By: Gary TanashianThe number in the title is in honor of the boldest forecast burped up by the gold community in February as the metal (and the miners) jerked upward and jerked the holdout would-be enthusiasts into the market. It was included in the anonymous (but real) quotes from a cautionary post last week on the Gold Bull Horns.We also used these quotes in an NFTRH update in order to tr...Read More