Steel industry future so bright I gotta wear shades. Image:junrong / Shutterstock.com Benchmark iron ore prices climbed on Friday after economic data showed the country's steelmakers produced just shy of 1 billion tonnes in 2019, the second record-breaking year in a row.The Chinese import price of 62% Fe content ore advanced to $97.58 per dry metric tonne, according to Fastmarkets MB, a 6-month h...Read More

Eagle Mountain gold project in Guyana - Image courtesy of Goldsource Mines Goldsource Mines (TSXV: GXS) on Friday provided a summary of its highlights and accomplishments over the past year and presented an outlook for 2020.In 2019, the company made a new discovery at the Salbora deposit, which was considered the highest-grade (weighted average of 2.58 g/t) near-surface gold mineralization on the...Read More

Wingdam gold project, British Columbia. Image from Omineca. Omineca Mining and Metals (TSX-V: OMM) announced Friday that it has staked an additional 36,000 hectares of mineral claims at Wingdam, British Columbia. Omineca now holds 100% ownership of over 39,000 contiguous hectares at its Wingdam project, in addition to the placer claims comprising the Wingdam underground alluvial gold r...Read More

A haul road under development at the Santana gold project. Image from Minera Alamos. Minera Alamos (TSXV: MAI) has started construction of its Santana open-pit heap leach mine in Sonora state and expects to transition from a developer to gold producer this year.Between now and then it plans to complete a maiden resource for the project."The Santana gold project does not have a completed feasibil...Read More

Tailings dams are the most common waste disposal methods for mining companies, whether they're extracting iron ore, gold or copper.However, a third of the world's tailings dams are at high risk of causing catastrophic damage to nearby communities if they crumble, according to data compiled by Reuters.A year ago, more than 240 people died in Brazil when a Vale-owned tailings dam collapsed, leading...Read More

Gemfields' main producing assets are the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique. The company has a controlling interest in other mining and prospecting licences in Ethiopia and Madagascar.The company said its reason for listing was to get access to greater liquidity and international investors."The AIM listing will provide Gemfields with access to much greater marke...Read More

The mine produced just under 13 million carats in 2019, down 8%, with lower grades partially offset by an increase in mining and processing rates.Rio Tinto has dropped global diamond guidance for 2020 to 12-14Mct from 17Mct produced last year.It said Argyle would close in the fourth quarter of this year.The date was the best-case scenario for the depleting mine, with Rio previously flagging this y...Read More

Today is Friday, January 17, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,561.45. It's up 0.57% from yesterday and up 20....Read More

Today is Friday, January 17, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of Helmerich & Payne (NYSE: HP), ConocoPhillips (NYSE: COP), and Viper Energy Partners LP (NASDAQ: VNOM).Helmerich & Payne (NYSE: HP)Helmerich & Payne (NYSE: HP) is a $4.943 billion company today with a one-year return of -14.46%. Let's look at its price-to-earnings (P/E) ratio, its...Read More

Cash is dying as a payment system. And I say, "good riddance."Today, cash is used in less than 30% of U.S. transactions - that's about half as much as it was used just 10 years ago. And within the next 15 years, it's expected that cash will be used in only 10% of transactions.The main reason for this is, of course, convenience. There is no conspiracy to eliminate cash in some nefarious effort to s...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 376,80957,574137,119221,358571,177735,286765,870 Change from Prior Reporting Period -6,671-3,615-2,24418,90612,6449,9916,785 Traders 22466835759312181 Small Speculators LongShortOpen Interest 61,59731,013796,883 1,0354,24111,026 non reportable positionsCh...Read More

After opening flat today, shares of Platinum Group Metals Ltd. climbed to a new 52-week high price fueled by high demand and increases in platinum group metals prices. The firm claims its primary objective is now the advancement of the palladium dominant Waterberg Project in South Africa.After reporting quarterly earnings earlier this week, Vancouver-based platinum and palladium focused mining com...Read More

The explorer that owns the asset reports the final results of its 2019 core drill program. Black PineLiberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release that the six large diameter core holes drilled at Black Pine in Idaho all returned thick intervals of high grade oxide gold mineralization. With these results, all holes drilled thus far at the project have been reported.Hole LB...Read More

After watching Crude Oil fall from the $65ppb level to the $58 ppb level (-10.7%) over the past few weeks, we stillbelieve the energy sector is setting up for another great trade for skilledinvestors/traders.We are all keenly aware that Winter is stillhere and that heating oil demands may continue to push certain energy priceshigher.  Yet Winter is also a time whenpeople don’t travel as...Read More

Certain precious metals, Gold, Silver, and Platinum, have shown moderate upside price trending over the past 20+ months while Rhodium and Palladium have skyrocketed higher.  These more precious metals, Rhodium and Palladium, have many industrial and consumer uses.  Rhodium is used in electronics and plating and Palladium is used in a variety of consumer products from Automobiles to Medic...Read More

Precious metals got off to an explosive early start to 2020 astensions between the U.S. and Iran drove safe-haven buying. Of course, gold and silver markets will need more than ageopolitical flare up to drive a long-term bull market advance.The question for investors is whether the fundamental picturenow looks promising or fleeting.In our view, the fundamentals are turning in favor ofhigher g...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 376,80957,574137,119221,358571,177735,286765,870 Change from Prior Reporting Period -6,671-3,615-2,24418,90612,6449,9916,785 Traders 22466835759312181 Small Speculators LongShortOpen Interest 61,59731,013796,883 1,0354,24111,026 non reportable positionsCh...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaThe company spent US$624 million on exploration in 2019, up from $488 million in 2018.Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesThe Toronto-based company said overall production of 5.5 million ounces gold was close to the top-end of its annual guidance of 5.1-5.6Moz, with copper output of 432Mlb topping the high-end of guidance for 430Mlb.Barrick attributed its success in part to its 61.5% stake in the Nevada Gold Mines joint venture with Newmont, whic...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe Vancouver-based company said Thursday the project now had a net present value of C$1.3 billion (US$1 billion), which reflected a $500 million increase over the 2014 feasibility study."The leverage this mine has to metal prices is huge, and with only a 10% increase in these assumptions, the pre-tax NPV climbs to $2 billion," CEO...Read More