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
...taking some heavy volume punishment since the US equity market opened.Read full newsRead More
Silver in the sights of RedditorsRead full newsRead More
New president Sadyr Japarov signs orderRead full newsRead More
The remaining 10 gold miners who became trapped and unaccounted for following two explosions a couple weeks ago were confirmed dead on Monday.Read full newsRead More
TSX-V-listed Canada Silver Cobalt on Friday announced the discovery of high-grade silver at its flagship Castle property, near the town of Cobalt, in Ontario.Canada Silver said it received assays from hole CS-20-39 at 9 853 g/t silver, or 2 621 ounces a ton, over 0.3 m from 557.46 m to 55.76 m.This is the highest-grade silver to date at the Robinson zone and the company said it confirmed the signi...Read More
Thanks to a stellar recovery rally, most of the top Canadian stocks are looking expensive on the valuation front. However, shares of a few fundamentally strong companies are still trading at big discounts compared to their peers and present a good buying opportunity at the current price levels. Here are three undervalued Canadian stocks that you could consider buying in February for...Read More
Barrick Gold (TSX:ABX)(NYSE:GOLD) is down more than 25% from its 2020 highs. The slide followed a pullback in the price of gold, but investors with a bullish view on precious metals wonder if Barrick Gold stock is simply too cheap to ignore today.Will the silver rally lead to a gold surge?Silver caught the eye of speculators in recent days. The precious metal soared on hopes that a buying frenzy w...Read More
The financial media is still divided on what path the markets will follow in 2021. Many say that the crash is imminent, while the rest are way bullish amid the ongoing economic recovery. However, if you belong to the third bloc like me and don’t care about the market direction, this post is for you. Here are three TSX stocks that could stay resilient in almost all market conditions.Shaw Comm...Read More
Copper cathode premiums in China rose on Tuesday February 2, with market participants expecting strong buying activity on expectations of restricted supply after the country's Lunar New Year holiday comes to an end in mid-February.China premiums up but buying muted ahead of holidaySupply issues in Japan, Chile restricting availabilityLondon Metal Exchange price drop encourages some spot buying.Sha...Read More
A summary of base metals premiums from across the globe for the week to Tuesday February 2.Please click...Read More
The frenzy of buying activity in silver, attributed to a group of retail investors using the Reddit forum r/WallStreetBets and other social media sites, is waning.The silver surge - which began on January 27 and saw the price of the industrial metal soar to an eight-year high of more than $30 per oz before slipping to just below $27 per oz by Tuesday January 2 - followed a phenomenal upswell in th...Read More
Bob Moriarty ArchivesFeb 2, 2021Eskay just released the results the market was waiting for and now panting over.One intercept ran 35.5 meters of 9.5 g/t gold and 70.0 g/t of silver. Within that was a 9.25 meter intercept of $1972 rock USD.(Click on image to enlarge)This was part of the initial drill program and certainly looks as if they have hit anotherEskay Creekdeposit.I own Eskay Mining shares...Read More
Chilean copper output plummeted in December amid lower activity at Codelco, Escondida and other major mines, data from the country's copper commission, Cochilco, showed on Tuesday February 2.Production hit 499,700 tonnes in December, down by 9.4% year on year from 551,500 tonnes. Additionally, full-year output reached 5.73 million tonnes in 2020, a 1% decrease from 5.79 million tonnes in 2019.Lowe...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comFeb 2, 2021 While gold feels solid and good news is appearing, silver and bitcoin continue to be the private money world’s brightest lights. Please click here now:Double-click to enlarge this short-term gold chart.If gold trades above $1875, the rally will gain more momentum. There...Read More
An overview of the chrome ore and alloy markets on Tuesday February 2 and their latest price moves.China Domestic ferro-chrome prices rose for the seventh consecutive week but at slower rate than recent sessions while bullishness continued with tight alloy availability and rising stainless steel prices. The charge chrome market ticked up with little spot liquidity while major suppliers reported ti...Read More
Keith WeinerPosted Feb 2, 2021The hot story this week is the incredible run up in the stock price of GameStop. A week ago, this was a $40 stock, with the company losing well over $4 a share. That’s not surprising for a retail store operator in the world of lockdowns. What is surprising is what happened this week.The share price ran up to almost $500.To understand why, let’s take a step...Read More
South African manganese miner Assmang has declared force majeure on some shipments after state transport provider Transnet issued the same notice last week. Assmang's notice refers to immediate vessels that will be slightly delayed due to rail closures caused by severe rain and flooding, Fastmarkets understands. Transnet declared force majeure on Friday January 29 after rains washed away parts of...Read More
Lassonde said he recently purchased 2 million Prime shares through the TSX Venture Exchange, taking his direct and indirect holdings to 11.85%.Prime is focused on its Los Reyes project in Mexico's Sinaloa state, where it last year updated the resource to a measured and indicated 633,000 ounces of gold and 16.6 million ounces of silver, or 833,082oz gold-equivalent, using a 0.22g/t cut-off.The comp...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR?In a strong start to the year, January saw ore and alloy pricing gains across all markets priced by Fastmarkets - with the exception of Chinese silicon metal export prices, which retreated slightly last month after posting impressive gains in December 2020.The combination...Read More
Vancouver, BC - Karus Gold Corp ("Karus Gold" or the "Company") is pleased to announce that it will be conducting a rights offering to holders of its common shares at the close of business on the record date of February 8, 2021 (the "Record Date"). The offering will be for 26,556,228 common shares to raise gross proceeds of CDN$3,983,434 (the "Rights Offering")The Rights Offering is being undert...Read More