India's ministry of steel has helped to establish a working group involving South Korean steelmaker Posco and state-owned Indian producer Vizag Steel (RINL) over the building of a new plant to produce special steels.A memorandum of understanding (MoU) was signed last year between the companies on the building of a plant, according to India's Economic Times newspaper on Sunday August 23.A spokesman...Read More
China's domestic silico-manganese spot price retreated in the latest assessment to Friday August 21 in response to falling futures prices and shrinking buying interest, market sources told Fastmarkets. Fastmarkets assessed the silico-manganese, 65% Mn min, max 17% Si, in-whs China price at 5,900-6,000 yuan ($852-866) per tonne on Friday, down by 2.1% from 6,000-6,150 yuan per tonne on August...Read More
After registering gains for two consecutive weeks, portside prices for both low and high-grade manganese ore in China ticked down in the week to Friday August 21, as a result of domestic ore traders lowering their offer prices amid thin buying interest from alloy smelters, sources said.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 35.50 yuan ($5.13) per d...Read More
Summer is still with us, but fall is just around the corner. Which stocks should Canadian investors be adding to their wish lists before the seasons change? Investors may wish to take full advantage of the situation to build a mini barbell of stocks. A balance of near-term gains in beaten-up names and longer-term safety stocks could suit a variety of investment types, as the economy navigates a st...Read More
The coronavirus hurt gold mining stock Agnico Eagle's production and drove up its costs. But cash flow is healthy and it should earn significant free cash flow in the second half.Agnico Eagle expects its quarterly gold production to return to Q4 2019 levels.Given the COVID-19 pandemic, Agnico's first quarter was challenging. Gold production and unit costs were negatively impacted in March as the c...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comAug 25, 2020 The “KISS (Keep it simple, superstar!)” investing principle is important, especially in the gold market. Business owners and stakeholders don’t have a lot of time to be deciphering candlesticks on a gold chart, but there are some easy rules of thumb that can...Read More
Western Areas holds 19.9% of Panoramic and is watching to see if the North Savannah development hits milestones before potentially considering a "move forward" corporately.Read More
Revenue dipped 17.9% year-on-year to US$57.4 million in the six months to June 30, while net profit fell 45.9% to $4.6 million and the company suspended its dividend. Master Drilling said net operating cash generated rose 100%, though, to $11.1 million."The group entered the year facing a challenging operating environment and deteriorating economic fundamentals across many of the 23 countries in w...Read More
Back in March, the U.S. Congress printed up $2.2 trillion and gave it out to the voters. Single Americans got $1,200, married couples got $2,400, and parents would see $500 for each child under age 17.However, the payments phased out for individuals with adjusted gross incomes of more than $75,000, and those making more than $99,000 would not qualify at all. The government gave $300 billion in on...Read More
Peter Krauth looks at the factors behind the movements in the gold and silver markets. Gold's retreated from a record high above $2,000, and silver's off its own seven-year highs near $30.Is that cause for concern? I doubt it.These have been dramatic surges to new levels, brought on by a combination of low interest rates, historic money-printing raising the specter of inflation, a softer U.S. dol...Read More
Red Cloud raises its target price on Troilus Gold after the release of a new resource estimate. In a July 29 research note, analyst Jacob Willoughby reported that Red Cloud increased its target price on Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) to CA$2 per share from CA$1.50 to reflect the updated Troilus project resource estimate. The company is currently trading at about CA$1.25 per share.Willo...Read More
Generation Mining reported it is commencing a 5,000-meter exploration drill program along the western margin of its Marathon palladium-copper project in NW Ontario. In a news release, Toronto-based PGM exploration company Generation Mining Ltd. (GENM:TSX; GENMF:OTCQB; 9GN.F) announced that "it has contracted Vital Drilling Services to complete a 5,000 meter drilling program along the western marg...Read More
In advancing the asset, Aurania Resources identified targets, conducted studies for water use permits and sampled the soil. Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) recapped in a news release its accomplishments during the first half of 2020.The Toronto-based company reported that it has identified copper-silver targets for scout drilling, which will begin at Tsenken N2 and progress to Tse...Read More
In a response to the coronavirus crisis, the Fed has already cut interest rates to zero and implemented quantitative easing. But that’s not enough and the U.S. central bankers are now talking about “yield curve control”. What is it and how it could affect the gold market?Normally, the central banks lower the short-term interest rate to stimulate the economy. But the federal funds...Read More
Research Highlights:With Gold trading above $2,000 for the first time and Silver trading near $27.50, you need to understand the risks in the markets that precious metals are warning of.If Gold breaks above $2,400, then there is a very real concern that the global markets could be close to some type of decline/collapse event.We believe the upside potential in precious metals could drive a very wid...Read More
Peter Krauth discusses Warren Buffett's big move into gold and discusses why the price of the metal is likely to climb much higher.Warren Buffett has long been known as one of the biggest gold-haters around. Yet in one move he's helped gold go mainstream.The "Oracle of Omaha's" about face could be the ultimate Buy Signal.For millions of investors, seeing Buffett dump banks while buying gold is lik...Read More
What if this was all being done ON PURPOSE to destroy the old fiat system and the "controllers" that run it?by Bix Weir of Road to RootaWhat is this massive monetary expansion was all planned? What if this was all being done ON PURPOSE to destroy the old fiat system and the "controllers" that run it? There is "Infinity Money" being created behind the scenes and We the People are not being told the...Read More
RAPAPORT... India's polished-diamond exports fell in July but at a gentler pace than in earlier months as the US, Europe and China returned to more normal business levels. Polished shipments out of the country dropped 39% after heavier slumps in April to June, when demand dried up across major markets. India Trade Data for July 2020Read More
RAPAPORT... The Gemological Institute of America (GIA) will offer $1 million in scholarship funds in 2021 to aspiring students and those looking to advance their careers, it said Monday.Students and professionals interested in gemology and jewelry-manufacturing arts programs, distance-education courses and lab classes can apply for funding. The scholarships cover classes at the GIA's campuses arou...Read More
RAPAPORT... De Beers Jewellers has appointed C?(C)line Assimon as CEO, succeeding Fran??ois Delage, who will step down after 10 years in the role.Assimon, who was most recently CEO of Swiss luxury jeweler De Grisogono, also held executive positions at jewelry brand Piaget and in the jewelry division of Louis Vuitton. She has extensive experience in marketing, sales and merchandising of high-end je...Read More