Imported charge chrome prices outperformed Chinese ferro-chrome on Friday March 16, after the domestic market took a poor view of demand from the stainless sector. Charge chrome holds firm in ChinaChinese domestic ferro-chrome prices weakenAlloy prices holding in Japan, South KoreaUS alloy prices steadyEuropean spot prices weaken Charge chrome prices strengthened in China on Friday, supported by...Read More
Renewables could be a major part of all off-grid mining power sources, energy company Total EREN says after opening a solar plant next to Iamgold's (CN:IMG) Essakane gold mine in Burkina Faso. Burkina Faso president Roch Marc Christian Kabor?(C) (centre) toured the US$25 million project last week with IAMGold CEO Steve Letwin (on the right)19 MARCH 201819/03/2018commentsshare A Total EREN and Afri...Read More
The Klondex Mines Fire Creek gold mine in Lander, County, Nevada. Source: Klondex Mines Ltd.Under the offer, Klondex shareholders will receive US$2.47 per share in cash or shares of Hecla, marking a 59% premium to Klondex's 30-day volume weighted average prices as at March 16, 2018.On Monday, Klondex shares jumped 60.56% or C$1.09 to $2.89. The 52-week range is $6.45 and $1.66.CI Investments and S...Read More
Manganese ore prices showed early signs of weakness in the latest pricing session after alloy smelters continued to protest the recent rally, launching aggressive bids. Low-grade ore prices dip amid aggressive smelter bidsHigh-grade ore prices keep risingSpot silico-manganese prices weaken in ChinaAlloy prices hold in Europe and IndiaUS refined manganese alloys bolstered by shipping issues Mangane...Read More
VANCOUVER - Hecla Mining Co. says it's buying Vancouver-based gold miner Klondex Mines Ltd. for $605 million with a mix of cash and shares.Idaho-based Hecla will gain control of Klondex's Fire Creek, Midas, and Hollister underground gold mines in Nevada, while Klondex will spin out its True North mining operations in Manitoba into a new entity for existing shareholders.Hecla says its focus is h...Read More
Rye Patch Gold's Florida Canyon Mine looking northwest. Source Rye Patch Gold Corp.Under the arrangement, each common share of Rye Patch will be exchanged for 0.48 common shares of Alio Gold.The offer values Rye Patch at $128 million, or $1.57 per share, marking a 35% premium based on the 20-day volume weighted average trading price of Alio Gold and Rye Patch shares during the period ended March 1...Read More
Cobalt prices have consolidated their move last week to more than $40 per lb, amid increased spot demand for metal against a backdrop of tight supplies, a limited number of sellers, and strong downstream demand."The days of sub-$40 [per lb] buying are history," a trader source said on Monday March 19.High-grade cobalt prices were assessed at $41.70-43.00 per lb, in-warehouse, on March 16. This was...Read More
Here are eight words I never thought I'd say:Amazon is selling products from a marijuana company.It's true.And this company has also inked deals with Walmart and Home Depot.That's right.Three of the biggest retailers on the planet are now selling products developed by a company that's in the legal marijuana business.Think about that for a minute...Have you ever imagined that you'd be able to walk...Read More
Wheaton Precious Metals (NYSE: WPM, TSX: WPM) is the world's largest, high-margin, pure silver and gold streaming company, that offers investors cost predictability, direct leverage to increasing silver and gold prices, and a high-quality asset base. We learned from Randy Smallwood, President and CEO of Wheaton Precious Metals, that they produce substantially more metal than any other streaming co...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop Six Explorers to Watch as Mining Sector 'Primed for a Re-Awakening'Source: Streetwise Reports March 19, 2018 (Investorideas.com Newswire) PI Financial recently highlighted junior explorers to watch for "potentially game-changing 1H18 news flow....Read More
Silicon prices in China moved down over the past week on reduced demand, while European prices were mixed.Chinese silicon export prices dropped due to sluggish demand after Japanese buying appetites waned.The Chinese grade 553 silicon export price fell 1.2% to $1,980-2,030 per tonne on Friday March 16 from $2,010-2,050 per tonne a week earlier.Despite low operational rates for grade 553 silicon pr...Read More
Some people say that “No civilian should have military style weapons!”Ironically they also criticize those who say gun ownership deters oppressive government. “Oh yea, your hunting rifle is going to stand up against the government’s tanks and bombs,” they laugh.And yet, guerrilla warfare is extremely difficult to defeat.Don’t get me wrong, I would not like to se...Read More
The Turkish steel mills extended their silence in the deep-sea scrap market on Monday March 19, amid weak rebar demand in the country's export markets.There were rumors of a Baltic Sea cargo sold to a steel mill in the Iskenderun region, but no market participants could confirm such a transaction.Rebar demand in the country's export markets has slowed down significantly, after the Section 232 anno...Read More
Turkish domestic scrap prices have continued to rise in line with strong finished steel values and the weakening of the Turkish lira, sources said on Monday March 19.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) in Turkey on Monday was TRY1,300-1,520 ($331-387) per tonne delivered, up from last week's TRY1,260-1,420 per tonne.The upward movement in the assessm...Read More
CloseGain/LossGold $1316.80+$3.20Silver$16.33UNCHXAU78.66-0.06%HUI171.11-0.03%GDM599.54+0.17%JSE Gold1061.67+10.85USD89.87-0.34Euro123.38+0.51Yen94.23-0.09Oil$62.06-$0.2810-Year2.852%+0.007T-Bond145.3125-0.125Dow24610.91-1.35%Nasdaq7344.24-1.84%S&P2712.92-1.42% The Metals: Gold dipped $6 to $1307.60 in Asia before it jumped up to $1319.60 in early afternoon New York trade...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
The stock market has been in a bull market for nine years, the greatest bull run post-World War II. Rubino says the bull run may have ended.Rubino shares many indicators that show the nine year economic recovery ended in 2017. He sees the stock market falling, along with the junk bond market. The system will seize up, he says, and a recession will follow.Where should investors be positioned? He sa...Read More
By Frank HolmesStrengths? The best performing metal this week was palladium, down just 0.41 percent. Holdings in ETFs backed by palladium have fallen by two-thirds in the last three years and are back to 2010 levels. However, this is not the sign of a depressed market. Hedge funds have been taking delivery of the metal and then loan the metal to the market at lease rates of 6...Read More
Technical analyst Jack Chan charts recent movements in the gold and silver markets.Our proprietary cycle indicator is down.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for trad...Read More