The Indian silico-manganese export price range fell 6% last week after export sales have been declining since the start of May when suppliers pushed prices higher, in line with stronger manganese ore prices and after manganese alloys production was slashed in India, Fastmarkets heard. In Europe, high-carbon ferro-manganese and silico-manganese market prices also eased amid quiet spot activity and...Read More
Ferro-silicon prices fell by almost 9% in Europe over the past week, with suppliers cutting their offer prices and doing deals well below the previous market range, sources said.Steelmakers were already rolling over quarterly settlements into the third quarter from the current quarter, suggesting quieter demand and further downward pressure on spot prices in the coming months, trade sources said.F...Read More
Market focus is on the annual sittings of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference, or "twin sessions", later this week, with the fate of ferrous supply chain prices depending on its aftermath. The annual gatherings of China's national legislature and top political advisory board are the major risk events market par...Read More
Top TSX stocks at large have surged more than 30% from their 52-week lows in March. The ongoing market rally is indeed notable as the stocks have stayed strong despite recession concerns and rising tensions on the pandemic front.Interestingly, some of these top stocks could turn weak going forward while the rally could continue for some. I will cover two such TSX stocks that appear well placed in...Read More
Visible gold from Eastern Gold Zone mineralization at Perron Credit: Amex Exploration. Amex Exploration has released drill results from the Eastern Gold zone (EGZ) and Grey Cat zone (GCZ) at its wholly owned Perron property in Quebec.At the EGZ, Amex drilled a wedge hole off of a prior intercept; this drillhole returned 19.7 metres of 5.36 g/t gold starting at 805 metres downhole and includes hi...Read More
A haul truck placing ore on the leach pad at Fiore Gold's Pan gold mine in Nevada. Credit: Fiore Gold.Fiore Gold (CVE: F) has released an updated resource estimate for its wholly owned Golden Eagle project in Washington, within the past-producing Republic/Eureka mining district.Measured and indicated resources are now at 45.4 million tonnes grading 1.38 g/t gold and 6.44 g/t silver for a total o...Read More
Sandvik TH663i Credit: Sandvik. As part of its long-term commitment to sustainability, Sandvik continues with its program to develop Stage V-compliant underground loaders and trucks for the mining industry. The company is now testing the first truck with this new engine technology at the Tara mine in Ireland. This follows the launch of its first Stage V loaders in December of 2019.Sandvik's fla...Read More
Kainantu gold mine, PNG. Image courtesy of K92. K92 Mining (TSXV: KNT) on Tuesday reported a significant resource increase at the high-grade Kora deposit at its Kainantu gold mine in Papua New Guinea. The updated resource estimate is based on surface and underground exploration diamond drilling and underground face sampling.Measured and indicated resources now total 1.1 million ounces at 10.45...Read More
Image from YPM Toronto. Young Mining Professionals (YMP) Toronto has announced that its Mining Cares initiative has raised C$190,420 for the United Way Greater Toronto covid-19 Emergency Relief Fund.Generous donors of YMP Toronto raised C$95,210, with YMP Toronto matching the first C$5,000 of donations. All of these funds were matched by Polar Asset Management and other leaders in the asse...Read More
Bob Moriarty ArchivesMay 19, 2020Gold and silver have had a good run lately but the DSI is suggesting a pause may be in the works. Gold hit a reading of 91 on Friday May 15th while silver showed 88. While I am convinced the actions of the Fed in unleashing a flood of dollars will result in hyperinflation in the metals and deflation in real terms for all of the bubbles, corrections are part of inve...Read More
Sam Catalano, senior mining equities analyst at Canaccord Genuity, said from a professional perspective, the current crisis was "nowhere near as bad as it felt in 2008-2009".Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMay 19, 2020To view an important weekly gold chart, pleaseclick here now. Double-click to enlarge.Gold is consolidating after reaching substantial resistance in the $1800 area. There was wild gyration in 2012 around that resistance zone and a breakdown that disappointed investors.In contra...Read More
Lindian will report a JORC resource "before mid-year", with grades reported being 50% Al2O3 or more from surface over intervals of up to 9m.Read More
Today is Tuesday, May 19, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Noble Midstream Partners LP (NASDAQ: NBLX), Centennial Resource Development (NASDAQ: CDEV), and Cameco Corporation (NYSE: CCJ).Noble Midstream Partners LP (NASDAQ: NBLX)Noble Midstream Partners LP (NASDAQ: NBLX) is a $666.04 million company today with a one-year return of -77.58%....Read More
"You can't run from them, you can't cheat them, you can't sway them with excuses. If you owe them money and you don't want to crumble yourself, you pay it back." -- Tywin LannisterThe head of the Federal Reserve, Jerome Powell, was on 60 Minutes on Sunday. He was interviewed by the always solid Scott Pelley. After the usual blather about washing hands and opening the economy, there was this gem:...Read More
With three very impressive advanced stage silver projects coming online over the next three-four years (Juancipio: 2020, Las Chispas: 2022, and Corani: 2023/2024), what comes after? This leaves very few silver projects to be excited about. There are a very large number of higher-grade deposits that are relatively small (i.e. those owned by Alexco Resource and Aurcana) and a larger number of low-...Read More
Graceland Updates By Stewart Thomson 1. To view an important weekly gold chart, please click here now. Double-click to enlarge. Gold is consolidating after reaching substantial resistance in the $1800 area. 2. There was wild gyration in 2012 around that resistance zone and a breakdown that disappointed investors.3. In contrast to the price action then, the world's "Queen o...Read More
By Hubert Moolman In my previous article, I've written about how important US dollar movements are for future Silver prices. The chances of a significant Silver rally during US dollar strength is very low; and it is very high during US dollar decline. The structure of the Silver bull market since 2001 has a lot in common with that of the 70s bull market. However, one of the important differenc...Read More
Ted Butler Having focused intently on the running open losses of the 8 big shorts (ex-JPM) for the past year, the latest price surge would seem to put the 8 big shorts in particular serious jeopardy. Simply put, the open losses ($7.8 billion, as of Friday, May 15) have never been larger, while the prospects for the big shorts buying back all or most of their short position at anywhere near brea...Read More
By: Ira Epstein Vaccine hopes yesterday helps markets. Gold was initially up on the Fed Chair's comments but then after the vaccine news, it took gold and silver from its highs. But the current set-up...Read More