Increased choppiness in the base metals in recent days suggests the bullish and bearish camps are getting more balanced and a new fight for supremacy is unfolding. This morning, Wednesday August 12, the bears have the upper hand, with base metals prices down on the London Metal Exchange and Shanghai Futures Exchange - both complexes were down by an average of 1.4% as at 6.20am London timeWider mar...Read More

A summary of Swiss stainless steelmaker Schmolz + Bickenbach's financial results for the second quarter of 2020, April to June.In brief Second-quarter earnings were strongly affected by the Covid-19 crisis. Effects of pandemic felt first and primarily from the widespread shutdown of automotive manufacturers. A secondary negative trend materialized in the mechanical and plant engineering industry f...Read More

Copper smelter Dongying Fangyuan is planning to restart its phase 2 smelting production line in October, Fastmarkets has learned. The phase 2 operation line has capacity to process 300,000 tonnes per year of copper cathodes using copper concentrates. "The company will start to run phase 2 because the phase 1 production line has to undergo maintenance in October for one month after operating for tw...Read More

Tuesday was quite the double-whammy for headline-generating news. On the same news day, Russia announced that it had beaten the world to create the first coronavirus vaccine, while Joe Biden declared his VP pick. Canadians watching after-hours movements in the Dow, S&P 500, and the NASDAQ may have noticed some interesting convection.A few things were at play here, making it unclear at first gl...Read More

Stocks that missed out on the initial rebound off the March market crash are now beginning to bounce. Most of the easy money was already made, but a few industry leaders with great long-term opportunities still appear cheap.Let’s take a look at two top Canadian stocks that might be interesting picks for a contrarian portfolio right now.NutrienThe merger of Agrium and Potash Corp. created a g...Read More

Gold just pulled back off the record highs and mining stocks gave up a chunk of their recent gains. Momentum investors who missed the big rally are now wondering whether this is a good time to start a new position in gold stocks.Gold price threatsGold fell US$150 per ounce in recent trading, from the record near US$2,050 to below US$1,900. The price of the yellow metal is back to US$1,950 at the t...Read More

Highlights: Record second quarter results "Our operating costs are US$385 an ounce and all in sustaining costs was a little over $700/oz.Read More

That represents a doubling of exploration capacity, with three rigs testing targets at the Ban Chang prospect and three at King Cobra.Read More

It said the 2018 order issued by the High Court (Gauteng division) held that BEE ownership transactions should continue to be recognised for regulatory certainty purposes and for the duration of the mining right, even where the BEE partner had sold or transferred part or all of its equity.The council was "pleased that this perspective is now undisputed" and said Mantashe withdrawing his notice of...Read More

Share this articleTORONTO - The Chinese company trying to buy TMAC Resources Ltd. has appointed a Barrick Gold Corp. veteran as CEO of its Canadian operations even though the deal is still being reviewed by Ottawa.Hong Kong-traded Shandong Gold Mining Co. Ltd. says it has appointed Mark Wall as CEO of Streamers Gold Mining Corp. Ltd., its wholly owned subsidiary in Canada.Shandong's $230-million...Read More

Miguel Lozano sells street corn in Oregon.Or at least he used to.The high-school sophomore who's been selling the Mexican street food to help pay for school clothes was recently shut down by county regulators.Apparently Lozano didn't have the required permit to run his small operation. The required permit costs $1,415.I suspect if this young man had $1,415, he'd have more than enough to buy cloth...Read More

Peter Epstein of Epstein Research profiles Portofino Resources, including its two high profile gold projects in Ontario, one with an 18 g/t gold grab sample discovery. Gold recently blasted through $2,000/ounce (oz). The spot price traded as high as $2,073/oz on Aug. 6, ~$150/oz above its 2011 all-time (nominal) high. Precious metals juniors have responded with big moves. Make no mistake, I reali...Read More

Underground mining at MAG Silver's joint venture project is expected to commence soon. In a news release, MAG Silver Corp. (MAG:TSX; MAG:NYSE A) presented its operational and financial highlights of Q2/20, which ended June 30, 2020, and afterward.On June 1, 2020, immediately after the Mexican government lifted its Covid-19 mandate on May 30, work was restarted at Juanicipio, a joint venture proje...Read More

Tonight lets take a look at the bad boy of the PM complex, silver. If you’ve been following silver for any length of time then you know it can be aggravating at times as we’ve seen fairly recently when gold and the PM stocks have been running pretty hot to the upside while silver just sat there doing its job of frustrating as many investors in the PM complex as it could. Finally, three...Read More

When aggregatedemand contracts, debts default, credit tightens, the velocity of money plunges,deflation ensues and capital, i.e. circulating credit and debt, is destroyed.In the extreme state of hyper-deflation, central bankers try to offset fatallyaccelerating capital destruction by creating even more money to replace thatwhich is being destroyed.TheUnited States printed more money in June than i...Read More

Disclaimer: The following is my opinion and is not intended as investment advice. I don’t know anything about bulls, bears, cycles, resistance, daily, weekly, monthly charting, micro or macro fundamentals and especially indicators like the EROI.I have been waiting for Silver to take off since 2005 when I was sure the economy and the dollar were going to collapse. [1]The economy should have g...Read More

Following the July 08, 2020 Market Minute titled: What is driving gold up?. We highlighted the main factors pushing gold prices upward. Are those factors still there? And if so, how much further is the precious metal going to rise (Chart 1)? One of the main reasons gold prices are advancing is due to the prolonged decline in U.S. Treasury bond yields (Chart 2). The yellow metal prices started the...Read More

Sentiment improving after relatively good trading in July-August. Shortages supporting prices. Fewer dealers active in the market. Suppliers with the right goods that meet selective demand gaining market share. Manufacturers considering higher rough purchases as they assess 4Q inventory requirements. Rough buying limited due to travel restrictions and inflated De Beers and Alrosa prices. Alrosa Ju...Read More

RAPAPORT... Fana, a New York-based bridal and fine-jewelry brand, has appointed three senior staff members to shore up its sales operations and interactions with retail partners.Shelby Sterrett, who joined the company in February, will lead sales development for the west region, which covers Colorado and all other west-coast states, the company said last week. Steve Rumanoff will hold the sam...Read More

RAPAPORT... Dutch bank ABN Amro will close its Hong Kong diamond business in a major trimming of its global operations.The company is shutting the branch from which it lends to the local polished market, as part of a retreat from all trade-finance activities outside northwest Europe, a company spokesperson told Rapaport News Thursday. The decision leaves ABN Amro with just its Belgium office...Read More