Newmont Goldcorp Corp (NYSE: NEM) (TSX: NGT) said Monday it will temporarily halt operations at its Pe??asquito gold mine in Mexico due to illegal blockade by a trucking contractor and some members of the Cedros community. Access to the site has been blocked since March 27.The world's largest gold producer by market value, output and reserves said it remained committed to "good-faith dialogue" wi...Read More
Newmont Goldcorp Corp (NYSE: NEM) (TSX: NGT) said Monday it will temporarily halt operations at its Pe??asquito gold mine in Mexico due to illegal blockade by a trucking contractor and some members of the Cedros community. Access to the site has been blocked since March 27.The world's largest gold producer by market value, output and reserves said it remained committed to "good-faith dialogue" wi...Read More
Australian lithium producer Alliance Mineral Assets (ASX: A40) said Monday it had inked a joint venture deal with a major Chinese maker of engines for electric vehicles (EVs), which would allow the miner to feed its output into the partner's manufacturing process without capital costs or construction risks.As part of the deal, Alliance and Jiangxi Special Electric Motor have agreed to move into th...Read More
A Canadian company is moving ahead with plans to reopen a gold mine in the heart of California's Castle Mountains National Monument, just across the state line from Searchlight.Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN was unable to close above the 1140 mark (reaching as high as 1146 intraday on Monday) and pulled back 7 points to close at 1137.30. MACD slipped to -1.52. RSI, our short-term momentum indicator, moved down 5.5 points to 47.47.Support is now 1128.6 and 1130. Overhe...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Billet producers from the Commonwealth of Independent States (CIS) reduced their prices in the week ended Friday April 26 to attract buyers, and this affected the markets in most regions.But producers in other regions, such as Turkey, were not able to follow this tactic due to the strong prices in their regions for scrap raw materials.For example, Fastmarkets' daily ferrous scrap index for Norther...Read More
Steel production has stopped at the Algerian steel mill of Turkish steelmaker Tosyali after a workers' strike began on Wednesday April 24, according to local newspaper reports. Tosyali could not be reached for comment at the time of publication. "Production at Tosyali has stopped, and in the past two or three days, we have seen increased Algerian interest for wire rod imports from Italy and Spain,...Read More
If the United States places import tariffs on cars produced in Germany it could trigger an economic slowdown in Germany, corporate audit director of Czech steel distributor Ferona, Jan Moravec, said at Eurometal's Regional Meeting in Central Europe held in Prague on April 25.One of the major risks to the German steel industry is the import tariffs in the United States, Moravec said.Tariffs on impo...Read More
Tata Steel aims to produce 32 million tonnes per year of crude steel at its Indian operations by 2025, the company said.The 2025 capacity target in India would constitute the entirety of the steelmakers' global crude capacity following the planned divestment of operations in Asia and a planned joint venture of European flat steel operations with Germany's ThyssenKrupp.Of the Indian steelmaker's cu...Read More
Billet producers from the Commonwealth of Independent States (CIS) reduced their prices in the week ended Friday April 26 to attract buyers, and this affected the markets in most regions.But producers in other regions, such as Turkey, were not able to follow this tactic due to the strong prices in their regions for scrap raw materials.For example, Fastmarkets' daily ferrous scrap index for Norther...Read More
Here are five Fastmarkets MB stories you might have missed on Friday April 26 that are worth another look.The United States-Mexico-Canada Agreement (USMCA) is doomed unless President Donald Trump's administration removes Section 232 tariffs - and the threat of quotas - from steel and aluminium imported from the United States' neighbors, two trade experts said.Warrant traders are reporting an uptic...Read More
Here are five Fastmarkets MB stories you might have missed on Friday April 26 that are worth another look.The United States-Mexico-Canada Agreement (USMCA) is doomed unless President Donald Trump's administration removes Section 232 tariffs - and the threat of quotas - from steel and aluminium imported from the United States' neighbors, two trade experts said.Warrant traders are reporting an uptic...Read More
Do a better job. Bhappu said an internal RCF study looked at 107 projects that went from feasibility study through to construction and "not one came in under budget".Read More
Diamond drill core from the Sunday Lake platinum-palladium project in northern Ontario. Source: Transition Metals Corp.Transition Metals Corp. [XTM-TSXV; TNTMF-OTC] shares rallied sharply Monday April 29 after the company said it has received assay results from a previously disclosed drill program conducted by North American Palladium Ltd. [PDL-TSX; PALDF-OTC] on the Sunday Lake platinum-palladium...Read More
The Aurora Gold Mine in northwest Guyana. Source: Guyana Goldfields Inc.Guyana Goldfields Inc. [GUY-TSX; GUYFF-OTC] said Monday April 29 that it has reached a settlement with a group requisitioning shareholders that includes the company's former CEO Patrick Sheridan.The company also said it will implement a succession plan for the CEO position within the next six months. Meanwhile, Scott Caldwell...Read More
President Trump loves coal.Or at least that's what he wants you to believe.The President's support of coal has been unwavering. From the campaign trail to present day, Trump has been an extremely vocal supporter of coal."I am thinking about the miners all over this country. We're going to put the miners back to work. We are going to get those mines open. Oh, coal country. What they have done."- Do...Read More
By: Keith Weiner, Monetary MetalsWe have a postscript to our ongoing discussion of inflation. A reader pointed out that Levis 501 jeans are $39.19 on Amazon (in Keith's size Amazon advertises prices as low as $16.31, which we assume is for either a very small size that uses less fabric, or an odd size that isn't selling). Think of the enormity of this. The jeans were $50 in 1983. After 36 years...Read More
Strengths? The best performing precious metal for the week was palladium, up 2.79 percent as hedge funds boosted their net bullish positions. Despite U.S. dollar strength, gold traders and analysts returned to their majority bullish position on the yellow metal this week, acco...Read More