The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt standard grade,...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 14. Key drivers The ferro-titanium spot price range narrowed, reflecting producers' attempts to pass on the cost of tightening scrap supplies since the start of September.Most ferro-titanium producers are struggling to source enough scrap to meet their smelting schedules for longer term delivery deals, with little alloy ava...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) is moving ahead with plans to extend the life of its Hemlo gold mine in Ontario by transitioning the operation from open-pit mining to purely underground mining as a modernized 'tier two' asset.Mining of the Williams pit is expected to wind down at the end of the month. Barrick has a transition plan in place to transfer most of the pit employees to Barminco, the...Read More
Despite a more tempered performance from precious metals during the third quarter of 2020, gold and silver prices still demonstrated gains and outperformed the initial expectations of analysts at Haywood Research.During the quarter, gold prices averaged US$1,911 per oz., which was above the firm's forecasted gold price of US$1,800 per oz. and 11% higher than the second-quarter average of US$1,714...Read More
Kirkland Lake Gold (TSX:KL; NYSE: KL) reported third-quarter gold production of 339,584 oz., a 3% increase over the 329,770 oz. generated in the prior quarter. The Detour Lake and Fosterville mines led this output, producing 140,067 oz. gold and 161,489 oz. gold in the period, respectively.With 331,811 oz. of gold sales, at an average realized price of US$1,907 per oz., the producer closed out the...Read More
Warren Buffett is likely the biggest role model for people when it comes to stock market investing. The Oracle of Omaha has become a billionaire through his success over a decades-long incredible career as a professional investor. To be the best, many would suggest investing like the best.Warren Buffett is famous for investing primarily in U.S. stocks. However, he has dabbled in a few companies ou...Read More
Warren Buffett has faced his fair share of critics this year after having mostly sat on his hands during the 2020 market crash. The man threw in the towel on the airlines at a loss, ditched his favourite bank stocks, and scooped up shares of top-tier gold miner Barrick Gold (TSX:ABX)(NYSE:GOLD) and grocers. Indeed, it seems as though Warren Buffett is erring on the side of caution amid this unprec...Read More
Bob Moriarty ArchivesOct 15, 2020For investors in the resource sector this year has to seem similar to one of those sick, good-news, bad-news jokes. As a result of some world-class stupidity from governments around the globe shutting down the world economy in response to what appears to be little more than a bad flu season pretty much guarantees the mass destruction of all fiat currencies.Even the...Read More
The company said quarterly gold revenue increased 57% to US$487 million and the cash flow generation allowed the company to become debt-free after fully repaying its revolving credit facility (RCF)Read More
Speaking on a webinar on Wednesday afternoon, WoodMac's global head of metals Simon Morris said while huge stimulus packages had buoyed the market following the COVID-19 pandemic, the pattern wasRead More
Share this articleTORONTO - TMAC Resources Inc. says the federal cabinet has ordered a national security review of the proposed sale of the Canadian gold miner to a Chinese company.Shandong Gold Mining Co. Ltd. announced a deal in May to buy TMAC, owner of the Hope Bay mining project in Nunavut, for $230 million.The friendly deal has received Chinese regulatory approvals and TMAC shareholders vote...Read More
Share this articleTORONTO - Barrick Gold Corp. says it produced 1.16 million ounces of gold and 103 million pounds of copper in the third quarter based on preliminary results.The production came as the company says preliminary third-quarter sales totalled 1.25 million ounces of gold and 116 million pounds of copper.The average market price for gold in the third quarter was US$1,909 per ounce, whil...Read More
Making money in biotech is pretty easy.It mostly boils down to following clinical trial data and monitoring buy and sell volumes that align with the release of those data.In other words, if a biotech company is getting ready to release data or announce the launch of a new trial and you see that stock start to pick up steam before that happens, you know something good is about to happen.Of course,...Read More
Bob Moriarty of 321gold discusses Blue Lagoon Resources, a company with projects in British Columbia that he believes is flying under the radar of most investors. Blue Lagoon Dome MountainIn my books and in my articles I try to write about things that my readers need to understand but others are not covering. I am not a parrot and you don't need to hear the same thing from me you can find on two...Read More
Peter Epstein of Epstein Research explores the latest from VanGold Mining, including a report on 55 meters of channel sampling averaging 537 g/t silver equivalent, or 6.7 g/t gold equivalent, and plans to continue drilling in November. VanGold Mining Corp. (VGLD:TSX.V) reported assays from channel sampling of an underground vein exposure within an ore shoot of the El Pinguico vein system at its El...Read More
Scottie Resources reported initial drill results at its Scottie Gold Mine O-Zone. On October 6, Scottie Resources Corp. (SCOT:TSX.V) released the first assays from its 7,040-meter summer drill program at the past-producing Scottie Mine in British Columbia's Golden Triangle, and the results included the high-grade intercept of 109.4 g/t gold and 32.4 g/t silver over 2.53 meters."The hit is from th...Read More
They say that time travels are impossible. But we just went back to the 1960s! At least in the field of the monetary policy. And all because of a new Fed’s framework. So, please fasten your seat belts and come with me into the past and present of monetary policy – to determine the future of gold!At the end of August 2020, the Fed has modified its Statement on Longer-Run Goals and Monet...Read More
The battles to free silver from manipulation continue!by Bix Weir of Road to RootaFor 10 years we watched the CFTC & COMEX stand back and ALLOW the Silver price suppression until FINALLY the DOJ came in and slapped JPM on the wrist and asked them to stop. WHERE'S THE CFTC & COMEX "Slap on the Wrist?" The battles to free silver from manipulation continue!Read More
Rising expectations for US holiday season. Retailers beginning early promotions and planning for longer 4Q selling period to avoid overcrowding among last-minute shoppers. Shortages supporting polished prices after manufacturing down by estimated 50% in 2020. Large volume of new polished expected to become available before year's end following strong 3Q rough buying. De Beers Sep. sales +57% to $4...Read More