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
Maxtech Ventures Inc. is pleased to announce the mobilization of Full Force Diamond Drilling Ltd. to the St. Anthony Gold Property during the week of February 22, 2021.Read full newsRead More
SKRR Exploration Inc. is pleased to announce a non-brokered privaRead full newsRead More
Brigadier Gold Limited is pleased to provide additional diamond dRead full newsRead More
Portofino Resources INC. is pleased to announce its geophysical eRead full newsRead More
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DIRead full newsRead More
Metals Creek Resources Corp. is pleased to announce a non-brokereRead full newsRead More
White Metal Resources Corp. is pleased report that they have contRead full newsRead More
VanGold Mining Corp announces that due to increased demand, the CRead full newsRead More
The Company intends to carry out an IP Survey followed by 1000+mRead full newsRead More
Spot gold prices have entered into a bearish cycle for the first time in 2021, losing about 6% to fall below $1,800 per ounce. After climbing roughly 22% in 2020, gold prices settled for the first time above $2,000. Since then, containment of COVID-10 cases and gradual economic recovery has cooled off investors’ interest in gold and silver. In the last trading session on Wednesday, Gold (XA...Read More
Warren Buffett’s portfolio addition of Barrick Gold (TSX:ABX)(NYSE:GOLD) took the investing world by surprise.Of course, the Oracle of Omaha has been skeptical of gold as an investment for years. Buffett is a long-term investor focused on the growing cash flows equities provide. Gold as an asset class just didn’t make the cut.However, gold miners were recently in his wheelhouse. I...Read More
Warren Buffett has had it with gold. In recent 13F filings, it was discovered that Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) had eliminated its stake from Barrick Gold (TSX:ABX)(NYSE:GOLD) amid the latest bout of weakness in gold prices. With gold on the violent retreat, does it still make sense to step in with a contrarian position now that the Oracle of Omaha has ditched a top-tier miner of th...Read More
Well, that was quick. Warren Buffett bought an approximate stake of US$565 million in Barrick Gold (TSX:ABX)(NYSE:ABX) in Q2 2020. As the Berkshire Hathaway’s 13F filing revealed this Tuesday, he had exited the gold position altogether by the end of 2020.US$565 million is a lot of money to most people. However, as I pointed out in a previous article, “[I]t’s too much to say Buffe...Read More
I don't know about you, but I've been in lockdown so long I've almost forgotten what normal life was like. I know I used to go to bars, concerts, and sporting events. And I know it was fun. The thought of being in a crowd didn't always give me chills. But then there was something else wasn't there?I'd almost forgotten until I saw this unfortunate story a few days ago...Ah, yes. I'd gotten so wr...Read More
Here are five Fastmarkets stories you might have missed on Thursday February 18 that are worth another look.Italian steel distributors' association Assofermet has sent a letter to the European Commission highlighting distortion in the European Union carbon and stainless flat steel market caused by anti-dumping and safeguard measures.Low-carbon aluminium will be part...Read More
The London Metal Exchange three-month nickel price rose to a seven-year high during trading on Thursday February 18, with positive macroeconomic sentiment and the return of Asian trading acting as catalysts for base metals prices. Nickel's three-month price reached $19,205 per tonne during Thursday, the first time it had touched above $19,000 per tonne since September 2014. It closed slightly low...Read More
Mitsui Bussan Commodities (MBC) has launched a new regulated subsidiary in Paris, France, to ensure continuity of service for clients after Brexit, it said on Thursday February 18. The subsidiary is called Mitsui Bussan Commodities (France) SA (MBCF) and will aim to expand the company's pan-European capability now that the United Kingdom has left the European Union. The energy team are already pro...Read More
Bob Moriarty ArchivesFeb 18, 2021Novo Resources was aiming to deliver their first 400 ounce gold bar from a pour at their Nullagine mill on February 15th. It looked like they were going to make the target in spite of torrential rain and floods in the area. Ever the spoilsport, I pointed out to them that the 15th was a holiday in both Canada and the US and few would be paying attention. A flash flo...Read More
Here are five Fastmarkets stories you might have missed on Thursday February 18 that are worth another look.Italian steel distributors' association Assofermet has sent a letter to the European Commission highlighting distortion in the European Union carbon and stainless flat steel market caused by anti-dumping and safeguard measures.Low-carbon aluminium will be part...Read More
Manganese ore miners and traders have been surprised by an accelerating rise in freight rates that is eroding their margins, amid increased demand for vessels and competition for freight space from other commodities.Freight rates have been rising steadily since December but have risen by at least 20% in the past week, according to the latest freight quotes heard by Fastmarkets.In the week to Febru...Read More