Pure Gold's mine in Red Lake is on track for its first pour this year.Read full newsRead More
The price of gold has shown signs of reversing course ahead of the May low ($1670) as it extends the series of higher highs and lows from the previous week. The precious metal attempted to test the 2012 high ($1,796) as the Federal Reserve prepares to have the Municipal Liquidity Facility along with the Main Street Lending Program up and running in June. Analysts expect this to fuel a bullish mar...Read More
NV Gold Corporation is pleased to announce the Company has entereRead full newsRead More
Like much of the world, Argentina remains locked down, its citizens more or less homebound due to the global COVID-19 pandemic. Amid the torpor, Yamana Gold, a Canada-based mining company, has forged a new partnership around a gold mining project in the Patagonian province of Chubut. The move has led activists to accuse Yamana of [...]Read full newsRead More
Whether the current correction lasts another two weeks or seven weeks (pick a random number) it will not change the larger bullish setup that is in place for Gold and especially the gold stocks. Continue...Read More
Like much of the world, Argentina remains locked down, its citizens more or less homebound due to the global COVID-19 pandemic. Amid the torpor, Yamana Gold, a Canada-based mining company, has forged a new partnership around a gold mining project in the Patagonian province of Chubut. The move has led activists to accuse Yamana of [...]Read full newsRead More
Gold prices edged lower on Tuesday after a long winning streak since the start of 2020. As riskier assets like gold stocks gained traction, Canadian junior gold miners have a reason to be optimistic. Gold prices moved lower, and continued to trade sideways unable to break down, after reaching a 7.5-year high last week. Prices fell below support near the 10-day moving average at $1732, whi...Read More
News of more tensions between US and China and a potentially new trade war sent waves through international markets at the beginning of the week. The two world leaders are currently locked in a battle of trying to pinpoint the origin of the coronavirus that shut down whole countries, disrupted supply chains and brought to halt entire sectors, causing an economic slowdown similar to the one during...Read More
A weak rupee vis-? -vis the US dollar can increase domestic gold pricesRead full newsRead More
Pure Gold Mining Inc. (TSX-V: PGM, LSE: PUR) ("PureGold" or the "Company") is pleased to report mine construction activities at its PureGold Red Lake Mine in Ontario are on schedule for first gold pour before the end of the year.Work to date has proven we have a clear and precise understanding of theRead full newsRead More
Teck Resources is starting to increase the number of workers active at its Quebrada Blanca Phase 2 (QB2) project in northern Chile but is still uncertain when it will be able to resume normal activities at the site. Around 1,100 employees are now active at the project, according to Don Lindsay, chief executive officer of the Canada-based company, noting that employment at the site had dropped...Read More
Canada’s main stock index rose on Tuesday, steered by energy stocks and the materials sector, which added 0.7% as gold futures rose 0.3% to $1,700 an ounce. U.S. gold futures rose 0.9% to $1,713.20 per ounce. The most heavily traded shares by volume were Freegold Ventures Ltd, down 5.9%; B2gold Corp while Canadian Natural Resources Ltd, which rose 3.4%., was among the largest percentage gai...Read More
In the first week of May, gold prices continue to hover near $1,705, hinting at a strong probability that the yellow metal could advance towards $1800 over the coming months. Crashing oil prices and the global coronavirus pandemic have created an opportunity for stronger Gold demand amid increased economic uncertainty and market volatility. Tuesday’s trading session saw gold prices head for...Read More
BPC said last week it had agreed a contract price of US$220/tonne with a consortium of Chinese buyers for potash to be supplied in 2020.Read More
JAKARTA (Reuters) - Police in Indonesia's North Maluku province have arrested 8 people linked to a workers' demonstration that turned violent at a nickel project run by France's Eramet and China's Tsingshan Holding Group, a police spokesman said onRead full newsRead More
Indonesia's Coordinating Ministry for Maritime Affairs and Investment has rejected a proposal by nickel miners to allow the export of nickel ore again, the ministry's spokesman, Jodi Mahardi, told Reuters on Wednesday.Read full newsRead More
If the boredom has well and truly set in after weeks of travel restrictions and social distancing, you could always join metal traders in a game of lockdown lottery.Read full newsRead More
Nickel prices jumped to their highest in more than a month on Monday after mining company Vale slashed its annual output target for the stainless steel ingredient due to the impact of the coronavirus pandemic.Read full newsRead More
Gold prices are reacting along with gold stocks and company shares in the week ahead of scheduled meeting to be held by the US Federal Reserve and the European Central Bank. Following several rounds of interest rate cuts and stimulus packages aimed at extending financial aid to struggling businesses to counter an impending economic collapse, investors are starting to pull away from the yellow meta...Read More
Gold prices dropped nearly 2% to a near two-week low on Tuesday as investors scuttled for cash to cover losses in other asset classes driven by a crash in oil markets as the coronavirus outbreak wrecks economies. Spot gold slipped 1.3% to $1,671.68 per ounce, having earlier hit a low since April 9 at $1,659.68. U.S. gold futures settled 1.4% lower at $1,687.80. Gold price witnessed a low of $1,57...Read More