By Steve St. AngeloWhile the debate on the dynamics of the gold market continues, at least the top gold miners production cost provides us with a floor price. Or rather, a basic minimum price level. I get a good laugh when I read analysts suggesting that the gold price will fall back to $450-$700. For the gold price to fall back to $450, then we would need to lose 95+% of global gold mine...Read More
"First Glencore, now Norilsk calling into question recent estimates on Indonesian HPAL #nickel plants. New report an absolute must-read for all market participants (scroll to bottom) https://t.co/NP2KMmxRqL"Read full newsRead More
"Macquarie and @woodmackenzie skeptics on cost and pace of new HPAL builds in Indonesia. Doubts cast on plans for deluge of new #nickel supply https://t.co/o1xAMTRkD7"Read full newsRead More
* LME Zinc price, spreads and stocksLONDON - The London zinc market is experiencing unprecedented tightness this week.As of Monday's close, the London Metal Exchange's (LME) benchmark cash-to-three-months spread CMZN0-3 was valued at a backwardation of $97 per tonne.The cash premium is now higher than the last spike in October 2017 with the only historical comparison the years 2006-2007, when LME...Read More
IDM Mining (TSXV: IDM; US-OTC: IDMMF) has added a third underground drill at its Red Mountain underground gold-silver project, east of Stewart, British Columbia. The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.With its 2018 drilling, the company is testing various zones at Red Mountain including the northern and western extensions of the...Read More
QUEBEC - They don't call it "Windfall" Lake for nothing. The latest windfall from the property was made by Osisko Mining of Toronto. Drilling returned 83.9 g/t gold over 5.3 metres - an almost unheard of length for such a high grade.And that's not all. The same hole, OSK-W-18-1731 in the Lynx zone, also returned 89.3 g/t gold over 2.4 metres.Other holes were almost as promising: OSK-W-18-1728-W1 r...Read More
"Excellent interview with Macquarie's estimable Jim Lennon on #nickel - putting an end to the notion of class 1 vs class 2 price bifurcationhttps://t.co/8s5Z9UcdUA"Read full newsRead More
"Brazilian judge instructs Vale to halt operations at its On??a Puma #nickel mine until it meets certain environmental requirements https://t.co/vy01Mt9QeZ"Read full newsRead More
(Kitco News)- Gold prices are expected to quietly move higher through therest of the year into 2019, butone of the world’s top precious metals consultancyfirms said investors shouldn’t expect to see fireworks as there currently isn’tan urgency for diversification.In a recent interview with Kitco News, Philip Newman,director and founding partner of Metals Focus, said that although...Read More
Sherritt International, (TSE: S) has released its 2018 Q3 report, and the numbers are up, thanks to the success of the company's Moa joint venture (JV) with the Cuban Government.Sherritt specializes in mining and refining of nickel and cobalt from lateritic ores, and the company also has projects and operations in Canada and Madagascar. The average-reference price for nickel improved 26% from la...Read More
In one of the few exploration projects it is funding next year, Cameco Corporation (TSX: CCO; NYSE: CCJ) and its joint-venture partners Orano Canada and Purepoint Uranium (TSXV: PTU) are planning a 36 km ground electro-magnetic survey and 6,000 metres of diamond drilling at their Hook Lake uranium project in Saskatchewan.Cameco owns 39.5% of the project in the province's Patterson uranium district...Read More
(Kitco News) - Silver is looking to outperform gold for the rest of the year, according to one gold bull, who is seeing strength in the precious metal that has struggled this year.“With gold/silver ratio close to its all-time high, silver is poised to surprise, to the upside, most investors into year-end,” Metal Bulletin precious metals analyst Boris Mikanikrezai wrote in a Seeking Alp...Read More
Regulus Resources (TSXV: REG) spin-out Aldebaran Resources (TSXV: ALDE) debuted on the Toronto Venture Exchange at 90 ? before tumbling to 59 ? in mid-afternoon trading.Aldebaran shares the same core management team as Regulus Resources and is focused on projects in Argentina.The recently formed junior explorer's primary focus will be the Altar copper-gold project, a large porphyry system in Argen...Read More
Striking workers at Gold Fields have blocked access to the company's South Deep mine in South Africa and are intimidating other employees, spokesman Sven Lunsche said.A small team of workers is only able to perform essential services like pumping water from the mine, Lunsche said Saturday by phone. The strike, involving more than 3,000 workers, started Friday afternoon to protest the gold miner's...Read More
Canada Cobalt Works (TSXV: CCW) (OTC: CCWOF) announced today that underground drilling on the first level of the northern Ontario Castle mine, specifically targeting cobalt for the first time at this historic silver producer, has returned high-grade cobalt, nickel and silver grades.Highlights: "These cobalt grades are very high in a global context and demonstrate the unique opportunity at the Cast...Read More
By Gary TanashianIt's an over obsessed upon commodity, previously hyped for its (Hubbert's) "peak" status by "experts" like T Boone Pickens and a whole clown show of promoters amplified by the media at the time.Now WTI Crude Oil has reached a thick resistance zone (as managed in NFTRH for the last couple of years) and may be breaking down from a peak of a whole other kind. Here is the monthly ch...Read More
"Sumitomo lowers #nickel output forecast at Ambatovy. But HPAL will be much cheaper and easier when the Chinese attempt it. Right? @BaseMetals @AndyHomeMetals @jfarchy @mburtonmetals@humenm https://t.co/rYsr6St4lF"Read full newsRead More
"Glencore pushing back on recent lazy analyst & media reports predicting new low-cost Chinese HPAL plants. A must-read for #nickel market participants https://t.co/YfyK1vl1Im"Read full newsRead More
DUBLIN, IRELAND - Ireland hosts two prospective horizons for zinc-lead mineralization: the Waulsortian limestone zone, and the deeper Pale Beds, also known as the Navan Beds.Group Eleven Resources (TSXV: ZNG) was sure to emphasize this point during a site visit to three of its zinc-lead projects in Ireland.The Navan Beds are named after the prolific Navan deposit, which feeds New Boliden's (STO: B...Read More
Pure Gold is developing its Madsen gold project in the Red Lake gold camp in Ontario, Canada.In my opinion, there are a few catalysts on the horizon that could end a 2.5-year consolidation period the company's shares have been trading.This year two insiders bought large share stakes in the company. Pure Gold (OTCPK:LRTNF) is an exploration company developing the Madsen gold project in Ontario,...Read More