Key data from Fastmarkets' pricing session in Shanghai on Wednesday August 5. Key driversSome suppliers continued to raise offer prices with the intention of achieving deals at higher prices, citing limited spot cargoes at hand and high production costs.A number of consumers, however, remained wary of accepting higher prices, saying that the rise...Read More

Three experienced mining leaders give valuable insights into decision-making and seizing opportunities during a global crisis.Faced with the Covid-19 pandemic, mining executives are being forced to take swift action and make tough decisions as prices fall, economies contract and demand in key consuming industries declines. Three leading mining industry executives told Andrea Hotter about their res...Read More

A summary of Brazilian steelmaker Gerdau's financial results in the second quarter of 2020, as stated in its earnings report on Wednesday August 5.In brief Gerdau's crude steel output in Brazil decreased during the quarter following the stoppage in early April of the No2 blast furnace at its Ouro Branco mill, in the southeastern state of Minas Gerais, and some of its long rolling activities in the...Read More

Creating wealth or attaining financial security in your retirement days doesn’t require self-deprivation. Even a modest $200 weekly savings can go a long way. Does that sound unreal? It’s not.A weekly savings of $200 will help you accumulate $208,000 in 20 years. However, if you regularly invest these savings in TSX stocks offering an annual return of 10%, you’ll have $664,000 an...Read More

Gold has seen one of the best moves so far this year in decades. It is up more than 30% in 2020, and interestingly, the rally seems far from over. Market pundits see this movement lasting at least through 2020 due to the broader economic picture. But how can investors play this potential rally with an attractive risk/reward balance?Many TSX gold stocks have rallied more than 60% this year on the b...Read More

Donlin gold project. (Image courtesy of Novagold.)Barrick Gold (TSX: ABX) (NYSE: GOLD) and Novagold Resources (TSX: NG) (NYSE: NG) announced Thursday an update and drill results on their 50/50 co-owned Donlin gold project in Alaska.The 2020 drill program is currently advancing with four drills turning at the site, and all are operating within the framework of stringent safety measures, which incl...Read More

Teranga's Wahgnion open-pit gold mine in Burkina Faso. Image from Teranga Gold. Teranga Gold (TSX: TGZ) has provided an updated life of mine (LOM) plan and issued new 2020 guidance for its Wahgnion gold operation in Burkina Faso as a result of the mine achieving higher than planned production.Since commercial production began in November 2019, Wahgnion's processing plant has performed approximate...Read More

Photo by Bullion Vault, Flickr. Gold extended its record-breaking run on Thursday, driven by expectations of more monetary response as surging coronavirus cases continue to pummel the global economy.Spot gold rose 1.0% to $2,060.01 per ounce as of 1:00 p.m. EDT after reaching an all-time high of $2,069.21 earlier in the day. US gold futures also rose 1.1% to $2,073.40 per ounce.Gold has rallied m...Read More

Operations at the Ok Tedi copper and gold mine. (Image courtesy of Oki Tedi Mining.) Papua New Guinea has halted operations at its massive Ok Tedi copper and gold mine for at least 14 days after seven workers tested positive for covid-19 and the country faces a surge in infections, with local authorities saying they could potentially reach thousands in the next few months.The cases were recorded...Read More

Waihi operations (Credit: OceanaGold) OceanaGold (TSX: OGC) announced on Thursday it has received the mining permit for Wharekirauponga (WKP) in New Zealand, granting the company exclusive right to the mineral resource.The miner purchased the Newmont/Glass Earth interest at WKP - located in the Coromandel Forest Park on the southern Coromandel Peninsula - in 2016, incorporating it into its Waihi...Read More

Bob Moriarty ArchivesAug 6, 2020Gold is trading near all-time highs, having already broken its former record of $1,921 an ounce, set in 2011. The historic price action is being driven by unprecedented monetary and fiscal stimulus as well as record low yields on U.S. government bonds. On Friday, July 31, the real 10-year Treasury yield closed at -1 percent, a level unseen before now. This helps imp...Read More

The company had announced a C$30 million placement this week, plus a $60 million secured credit facility from Sprott Private Resource Lending II, to fund its acquisition of Millennium Minerals and its Pilbara assets including a mothballed 1.5Mtpa plant.Yesterday, Novo increased its placement to $42.5 million, upped the over-allotment option from 15% to 20% and announced a non-brokered $3 million p...Read More

Companies able to provide consistently good results by the drill bit have seen their shares rewarded (see chart). Equities continue to move higher as gold climbs past US$2,000/oz.Read More

Kane Tanaka is 117 years old.She's believed to be the oldest-known living person in the world.But it's only a matter of time before 117 is no longer considered old - but middle aged.At least that's what MIT-trained scientist David Sinclair believes.Known as one of the leading experts in the field of aging, Sinclair is the guy who discovered the survival-circuit theory. And he says that getting col...Read More

Independent financial analyst Matt Badiali tells a mind-bending tale about a gold project in Montana. This story is the stuff of myth. It will be retold, inflated, and gilded...especially if there's a discovery.It's a story about gold, a historical mining district, seizing opportunity and psychedelic mushrooms. I heard about it from a good friend. It was so far-fetched, I reached out to Warwick S...Read More

With the drill bit, Seabridge Gold intends to follow up on confirmed host stratigraphy and test new structures at its Snowstorm property. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) is preparing to commence a follow-up drill program at its Snowstorm gold project in northern Nevada later in August 2020, it announced in a news release.The Toronto-based explorer plans to begin with a four-hole progra...Read More

Troilus Gold Corp. reported it is the first company to be granted ECOLOGO certification for responsible development for mineral exploration companies. Troilus GoldIn a news release, Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) announced that it is the "first mineral exploration company to obtain certification for UL 2723: ECOLOGO Certification Program for Mineral Exploration Companies."Troilus Gold...Read More

Fremont Gold is awaiting assays for the final six holes at the Griffon project. Fremont Gold Ltd. (FRE:TSX.V; FRERF:OTCQB; FR2:FSE) announced in a news release it completed the phase 1 drill program at its past producing Griffon gold project in Nevada's Cortez Trend.In this first segment of the campaign, the Vancouver, British Columbia-based mining company drilled a total of nine holes over 2,275...Read More

Dolly Varden Silver is focusing both on new targets and expansion drilling. Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCMKTS) commenced a 10,000 meter drill program at its flagship Dolly Varden property in northwestern British Columbia, it announced in a news release."Multiple silver-rich mineralizing systems, deposits and past producing mines present many target options for exploration at Doll...Read More

This bull market can be more positive than the previous one both for gold and the mining stocks.In the last edition of the Fundamental Gold Report, I analyzed various WGC’s reports on the gold market. Today, I will focus on the issues of Alchemist – the flagship publication of the London Bullion Market Associations – I was unable to discuss during the most acute phase of the pand...Read More