The rhodium price has been on a roller coaster ride this year, rocketing from US$6,050 per oz. at the start of 2020 to a high of US$13,800 per oz. by March 10, only to plummet to US$7,800 per oz. before the end of that month as Covid-19 spread around the world.This week the metal hit a new all time high of US$14,490 per oz. before slipping to just below US$14,000 on Wednesday.Like its sister metal...Read More
Northern Dynasty Minerals (TSX: NDM, NYSE: NAK) announced Wednesday that Tom Collier, chief executive of its U.S.-based subsidiary Pebble Limited Partnership, has submitted his resignation in light of comments made about elected and regulatory officials in Alaska in private conversations videotaped by an environmental activist group.The announcement comes as doubts about the proposed Pebble copper...Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesNew Horizon beckons for gold minerSPONSOREDhorizon mineralsSaturn Metals' Leonora star is risingSPONSOREDsaturn metalsWaihi District, a Golden Opportunity in New Zealand SPONSOREDoceanagoldI have previously highlighted the potential for a change in the mining investment landscape in coming years as technology changes and geopolitical...Read More
Red 5 set to build company-changing mineSPONSOREDred 5The hub of the project is the 2,800 tonnes per day Copper Rand mill, which Mast says can be brought online with relatively little work."The mill requires upgrades to its electrical and control systems. We would look to restart at closer to 1,000tpd and as we put the various former mines into operation we can increase that tonnage. It will be a...Read More
Maritime Resources (TSXV: MAE) has reported drill results from its past-producing Hammerdown gold project, which returned gold intersections within the proposed pit shell, outside of existing resources, and high-grade hits below the pit shell. The project is near the Baie Verte mining district of Newfoundland and Labrador.Drilling targeting the Wisteria zone at the Hammerdown deposit, at the inter...Read More
During Tuesday's much-hyped battery day, Tesla CEO Elon Musk laid out plans to put everyone behind the wheel (or is that sleeping in the back?) of a $25,000 car that drives itself.Much of the three hour-plus presentation was low on detail, high on promotion and stratospheric on ambition. It is ever thus, but Tesla's plans to start mining seemed particularly simplistic.With great fanfare and 40 yea...Read More
Luminex Resources (TSXV: LR; US-OTC: LUMIF) has released drill results from a five-hole, 3,300-metres drill program at its Condor gold-copper project in the Zamora-Chinchipe province in southeast Ecuador, 400 km southeast of the capital, Quito, and 70 km east of Loja.The drill campaign was conducted on Soledad Baja, a southeast extension of the Camp deposit located on the northern section of Con...Read More
Sep 25, 2020 Guest(s): Pavel Grachev CEO, Polyus Despite the recent slowdown in gold jewelry demand and tapering of central bank buying, the price of gold is not expected to see major changes and substantial volatility in the medium term, said Pavel Grachev, CEO of Polyus, the third largest gold miner in the world, based in Russia. "We still believe the factors that generated the gold rally so f...Read More
I'm currently spending a small fortune to build a large wooden fence around my house.I say a small fortune because lumber prices are up almost 70% in the past year. And the Fed says inflation is too low...Anyhow, perhaps you caught my piece recently about the two escaped convicts who crashed a stolen car into my yard. That was the final reason I needed to actually pull the trigger and write the ch...Read More
Amr Alfiky/ReutersJPMorgan is set to pay almost $1 billion to settle charges from US regulators of spoofing in precious metals and Treasury m...Read full newsRead More
Amr Alfiky/ReutersJPMorgan is set to pay almost $1 billion to settle charges from US regulators of spoofing in precious metals and Treasury m...Read full newsRead More
Japan Gold is pleased to announce acquisition of the Kanehana ProRead full newsRead More
In times of trouble people still turn to gold. What makes it a safe haven? Largely perceptions, based on its historical mystique.Read full newsRead More
(Bloomberg) -- Skyrocketing gold is providing a welcome windfall to the mining industry, but it's also attracting a broader base of investors who are demanding greater attention to environmental, social and governance topics. Interest in ESG issues has moved to the forefront in conversations with stakeholders in the past year, top executives said in the run-up to the Denver Gold Group's Americas c...Read More
A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.Read full newsRead More
Sep 21, 2020 (Baystreet.ca via COMTEX) --Analysts remain bullish on gold. UBS for example believes gold could run even further and remain high “for...Read full newsRead More
Here are five Fastmarkets stories you might have missed on Tuesday September 22 that are worth another look.Swiss stainless steelmaker Schmolz + Bickenbach has had its proposal to change the company name approved by shareholders, it said in a press release on Monday September 21.Read More
The London Metal Exchange's three-month prices for copper and nickel were once more trading in positive territory during the afternoon session on Tuesday September 22, retracing losses made on the previous day's slump in US equities values.Copper and nickel futures are both particularly sensitive to the macro-economic environment at present, with both metals' LME three-month prices falling on the...Read More
Major aluminium producers operating in some of the countries most affected by Covid-19 took decisive actions early on to protect workers and maintain operations, top executives said during a panel at Fastmarkets International Aluminium Conference on Tuesday September 22.Top executives from Alcoa Corp, Aluminium Bahrain (Alba), Hindalco, Norsk Hydro and China Hongqiao participated in the panel, sha...Read More
An overview of the chrome ore and alloy markets and their latest price moves.China Buyers were willing to accept higher prices in dollar terms for UG2 chrome ore, due to the strengthening yuan. Sentiment remained positive for spot domestic ferro-chrome ahead of...Read More