Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
You know something is wrong when someone makes a CNN host seem reasonable by comparison.Read More
Very few sectors are swallowed up by a single entity, and it's not yet clear that cryptos are an exception to that rule.Continue...Read More
Here are five Fastmarkets stories you might have missed on Monday December 21 that are worth another look.Market participants in Asia are bracing for sharp price corrections amid historically high prices for steel, iron ore and ferrous scrap in the region, industry sources told Fastmarkets this week.China's Zhuzhou zinc smelter has successfully met...Read More
Vale's permit for running operations in Brumadinho city was suspended for seven days following a landslide that caused the death of an employee from a third party contractor in the company's C??rrego do Feij??o mine in Brazil's southeastern Minas Gerais state.The Brumadinho city hall decided to suspend the permit after the accident, which occurred during maintenance activities in the mine on Frida...Read More
Westhaven Gold reported it drilled 5.50m of 4.58 g/t gold and 267.40 g/t silver at the newly discovered Forget Me Not Zone at its Shovelnose property in British Columbia. In a news release, gold-focused exploration company Westhaven Gold Corp. (WHN:TSX.V), reported assay results obtained during the firm's ongoing drill program at its Shovelnose gold property located south of Merritt, British Colu...Read More
Riley Gold plans to follow mapping and sampling at Tokop with geophysical surveys and then drilling. Riley Gold Corp. (RLYG:TSX.V) provided an update in a news release on the exploration program currently underway at its Tokop gold project in Nevada. "To date, we have been impressed with our field and research results, and we continue to grow more excited about the project upside," CEO Todd Hildi...Read More
Pretium Resources reported a new discovery at the Hanging Glacier Zone, projecting significant near-mine exploration potential at its Brucejack Mine. Stock photoIn a news release, Vancouver-based intermediate gold producer Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced "the results of the 2020 regional grassroots exploration program, including a discovery at the Hanging Glacier Zone, and pl...Read More
Grande Portage Resources intends to carry out another drill program at Herbert. Grande Portage Resources Ltd. (GPG:TSX.V; GPTRF:OTCQB; GPB:FSE) filed a plan of operations for exploration in 2021 at its Herbert gold project in Alaska, it announced in a news release. The Vancouver-based company's plan for next year calls for diamond drilling of about 30 holes over 8,500 meters, using two rigs and s...Read More
Through the transaction, Pretium Resources improves its balance sheet and Seabridge Gold gains mineral resources. Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced in a news release that the sale of its Snowfield property in British Columbia to Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) closed. For the asset, Pretium received $100 million in cash from Seabridge, was granted a 1.5% net smelter...Read More
The Critical Investor provides an update on Alianza Minerals, which has suffered a joint venture setback but continues work on its flagship Canadian prospect. Mount Haldane; Haldane project locationo All pictures are company material, unless stated otherwise.o All currencies are in U.S. dollars, unless stated otherwise.During a year full of COVID-19 surprises and distractions, Alianza Minerals Ltd...Read More
Money manager Adrian Day provides updates on two of the large royalty companies in his portfolio, both rated as buys. Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE) (11.69) completed the spinoff of its development assets in a new company Osisko Development (ODV:TSE). The links between the companies remain strong, with Sean Roosen chairman of both companies and OR holding 88% of the shares of ODV....Read More
Turkish deep-sea scrap import prices refreshed their multi-year highs at the beginning of the week with the news of fresh deals for European and US cargoes on Monday December 21.A steel mill in the Marmara region booked a European cargo, comprising HMS 1&2 (80:20) at $455 per tonne, shredded and bonus at $470 per tonne and busheling at $475 per tonne cfr. And another steel producer in the same reg...Read More
Here are five Fastmarkets stories you might have missed on Monday December 21 that are worth another look.Market participants in Asia are bracing for sharp price corrections amid historically high prices for steel, iron ore and ferrous scrap in the region, industry sources told Fastmarkets this week.China's Zhuzhou zinc smelter has successfully met...Read More
Market participants in Asia are bracing for sharp price corrections amid historically high prices for steel, iron ore and ferrous scrap in the region, industry sources told Fastmarkets this week.The price increases since early October have stunned market watchers with their speed and magnitude, leading many market veterans to compare it to a similar price climb in 2008 - and the precipitous drop t...Read More
China's domestic rebar prices surged further on Monday December 21 to their highest in 25 months on strong gains in the futures and billet markets.DomesticEastern China (Shanghai): 4,580-4,600 yuan ($700-704) per tonne, up by 240-250 yuan per tonneThe price of billet increased by 160 yuan per tonne during the weekend to 3,880 yuan per tonne before gaining another 120 yuan per tonne on Monday to re...Read More
Here are five Fastmarkets stories you might have missed on Monday December 21 that are worth another look.Market participants in Asia are bracing for sharp price corrections amid historically high prices for steel, iron ore and ferrous scrap in the region, industry sources told Fastmarkets this week.China's Zhuzhou zinc smelter has successfully met...Read More
Consumers of noble alloys and cobalt who usually process scrap are expected to start taking more primary material early next year due to low metal prices and tight scrap availability in the fallout from Covid-19. Scrap availability has tightened because industrial operations were interrupted by shutdowns aimed at curbing the spread of Covid-19 during the first half of 2020, and then, reduced after...Read More
Here are five Fastmarkets stories you might have missed on Monday December 21 that are worth another look.Market participants in Asia are bracing for sharp price corrections amid historically high prices for steel, iron ore and ferrous scrap in the region, industry sources told Fastmarkets this week.China's Zhuzhou zinc smelter has successfully met...Read More
Vale's permit for running operations in Brumadinho city was suspended for seven days following a landslide that caused the death of an employee from a third party contractor in the company's C??rrego do Feij??o mine in Brazil's southeastern Minas Gerais state.The Brumadinho city hall decided to suspend the permit after the accident, which occurred during maintenance activities in the mine on Frida...Read More
Russia has introduced a temporary export duty on ferrous scrap exports to combat the threat of a shortage of steelmaking raw materials in the domestic market.On Friday December 18, Russia's Ministry of Economic Development approved a temporary export duty of 5% but of at least 45 euros per tonne on steel scrap exports, according to a statement...Read More