Forecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessFEBRUARY 2020Yield inversions as a harbinger of recessions and higher gold pricesBy: Michael J. Kosares, USA GoldDuring the course of the past several months, we have heard much about the inverted yield curve in three-month and ten-year Treasuries as a harbinger of recessions. Missed...Read More
Zinc's benchmark cash/three-month spread on the London Metal Exchange has moved into contango for the first time in five months after the largest inflow since last April brought on-warrant material to more than 50,000 tonnes. This is the first time LME zinc's on-warrant inventory has breached this level since August 2019. The galvanizing metal's cash/three-month spread traded in a $1.50 per tonne...Read More
While uranium spot prices were down 14% in 2019, supply and demand fundamentals for uranium are the "most bullish in years," and the sector "offers its most compelling value proposition since pre-Fukushima," Haywood Securities says in a new research note."Looking ahead, we believe we are in the early stages of a long-term bull market for the uranium investment theme and recommend investors begin p...Read More
Palladium prices have surged 1520% since 2009 due to tight supply and higher emission standards, and analysts at the Bank of America forecast the metal could rise to US$3,500 per oz. in the fourth quarter of 2020 from the current spot price of US$2,302.75 per ounce.The bank estimates that palladium will rise to an average price of US$2,450 per oz. in the first quarter and to US$3,000 per oz. durin...Read More
Kendra Johnston AME president. Image by AME. AME, the lead association for the mineral exploration and development industry in resource-rich British Columbia (BC), hosted more than 6,000 people from 44 countries at its AME Roundup conference in Vancouver last week. MINING.COM sat down with the AME's new president and CEO, Kendra Johnston, to discuss the industry's economic impact and job creat...Read More
A drought in parts of Australia that's delivered record low rainfall is posing potential risks to output at key gold mines in the world's second-largest producer.Read full newsRead More
Andy Schectman of Miles Franklin Precious Metals Investments and Maurice Jackson of Proven and Probable discuss investment strategies centered on precious metals ratios.Maurice Jackson: Joining us for a conversation is Andy Schectman, the president of Miles Franklin Precious Metals Investments. Always a pleasure to have you on the program to discuss the value proposition before us in precious meta...Read More
The gold price experienced a slight uptick this week in relation to concerns that the coronavirus may be a global pandemic.Read full newsRead More
Most metal bulls will be able to tell you the price of gold or silver off the top of their heads on almost any given day. However if you asked them what the price of any of the base metals or the white metals were they would most likely be stumped for an answer. That's because most metal bulls don't seem to keep track of the platinum group metals and so by the time a person actually notices the ri...Read More
Anglo American (LON: AAL) is expanding into fertilizers after agreeing to acquire Sirius Minerals (LON: SXX), the British junior struggling to build a huge fertilizer mine beneath a national park, for ?405 million (US$527 million).As part of the deal, Sirius shareholders will receive 5.5 pence per share in cash, a 34.1% premium to the closing price on Jan. 7, which was the day before Anglo confir...Read More
"Great interview with FPX Nickel CEO Martin Turenne on the KE Report, providing an overview of our Decar project, recent news on leach testing for #nickel sulphate and 2020 plans @AlKorelin https://t.co/4qUVXFILIH"Read full newsRead More
Trevali's Santander zinc mine in Peru, 200 km northeast of Lima. (Image courtesy of Trevali Mining) Last year, Trevali Mining (TSE: TV) beat its operating guidance: Production of 417 million lb. of payable zinc came in ahead of earlier forecasts of 361 million lb. to 401 million lb.In addition, the 50.3 million lb. of lead and 1.5 million oz. of silver generated last year also came in slightly ah...Read More
"Scottie Resources rose as much as 30 percent following news that billionaire Eric Sprott is claiming a stake in the Canadian explorer. https://t.co/u2EtNGsyDK @ScottieCorp #preciousmetals #gold #silver #EricSprott"Read full newsRead More
Welcome to 2018. Some analysts are saying that this year is the year for gold. But there are a few other market watchers who are saying forget gold and watch silver, or better yet, buy silver. Be it physical bullion, silver ETF's or silver mining stocks. There are guys out there who are touting we will see $400+ silver price this year. I know it sounds far fetched and even though I think that a $4...Read More
Strong drill results have confirmed & expanded the Bend Vein target on Scottie Resources' 100% controlled Bow property. During September, the Company completed 878 meters of diamond drilling, two km NE of the 100%-owned past-producing Scottie Gold Mine located in the Golden Triangle ("GT") of northwest British Columbia, Canada.Readers are reminded that Scottie Resources Corp. (TSX-V: SCOT) ow...Read More
A new report from Bank of America Securities puts the total deal value of global gold mergers and acquisitions last year at US$20.19 billion - the highest in nine years - with the senior producers mainly active as sellers and the mid-tiers as buyers, and the bank says it sees potential for further consolidation in the sector this year.Years of underinvestment and rising pressure on production prof...Read More
A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.Read full newsRead More
The metal, which has gained 18% this year, is getting help from easier monetary policy across the world's leading economies.Read full newsRead More
Gold has a chance to be an interesting investment in the coming year said Blackstone investment luminary Byron Wien on CNBC Tuesday.Read full newsRead More
Goldboro project, Nova Scotia. Photo by Anaconda Mining Anaconda Mining (TSX: ANX; US-OTC: ANXGF) has updated the mineral resource at its wholly owned Goldboro gold project in Nova Scotia.Measured and indicated resources now stand at 4.1 million tonnes grading 5.3 grams gold per tonne for 698,600 contained oz. gold. Inferred resources add 3 million tonnes grading 7.09 grams gold per tonne for 68...Read More