The implementation of fifth generation (5G) technology will be the primary demand driver for tantalum after the Covid-19 pandemic is resolved, panelists said during a Tantalum-Niobium International Study Centre virtual conference this week. "Tantalum is driven by connectivity and 5G implementation will be the primary demand driver going forward," Travis Ashburn, senior vice president at Kemet Elec...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt standard grade,...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 14. Key drivers The ferro-titanium spot price range narrowed, reflecting producers' attempts to pass on the cost of tightening scrap supplies since the start of September.Most ferro-titanium producers are struggling to source enough scrap to meet their smelting schedules for longer term delivery deals, with little alloy ava...Read More
Newrange Gold (TSXV: NRG) has reported drill results from the Merritt zone at its flagship Pamlico gold project in Nevada, 19 km southeast of Hawthorne.The 17-sq.-km property covers the historic Pamlico mines on Pamlico Ridge and the former producing Central, Good Hope, Gold Bar, and Sunset mines, in addition to various unnamed historic mines and other prospects.Pamlico was discovered around 1884...Read More
SilverCrest Metals (TSX: SIL; NYSE-AM: SILV) plans to spend US$60 million on drilling through the end of 2022 at its Las Chispas silver-gold project in Mexico's Sonora state."Growth from drilling is a huge part of our story, and we have only scratched the surface," Chris Ritchie, the company's president, said during a webinar.According to the mining executive, the company was guiding on publishing...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) is moving ahead with plans to extend the life of its Hemlo gold mine in Ontario by transitioning the operation from open-pit mining to purely underground mining as a modernized 'tier two' asset.Mining of the Williams pit is expected to wind down at the end of the month. Barrick has a transition plan in place to transfer most of the pit employees to Barminco, the...Read More
Despite a more tempered performance from precious metals during the third quarter of 2020, gold and silver prices still demonstrated gains and outperformed the initial expectations of analysts at Haywood Research.During the quarter, gold prices averaged US$1,911 per oz., which was above the firm's forecasted gold price of US$1,800 per oz. and 11% higher than the second-quarter average of US$1,714...Read More
Roxgold (TSX: ROXG; US-OTC: ROGFF) has reported additional results from the first phase of its infill drill program on the Koula prospect at its S?(C)gu?(C)la gold project in Cote d'Ivoire, 240 km northwest of Yamoussoukro and 480 km northwest of Abidjan.Highlights include drill hole SGRC919, which intersected 4 metres grading 108.9 grams gold per tonne starting from 32 metres downhole, including...Read More
Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) started trading on the London Stock Exchange on Oct. 13.The company will maintain a primary listing on the Toronto Stock Exchange as well as a listing on the New York Stock Exchange."We offer gold exposure via a high-quality, long-life asset portfolio in the Americas, organic production growth, a commitment to providing and increasing cash returns to sha...Read More
Shares in Newcrest Mining (TSX: NCM; ASX: NCM) were up almost 2% in pre-market trading in Canada, as the miner, Australia's largest gold producer, began trading on the Toronto Stock Exchange (TSX).The stock was up 1.8%, or 56 ?, to $30.25, as gold prices regained part of the ground lost following a sharp pullback on Oct. 13, and managed to reclaim the key US$1900 per oz. mark.Gold miners have bene...Read More
Kirkland Lake Gold (TSX:KL; NYSE: KL) reported third-quarter gold production of 339,584 oz., a 3% increase over the 329,770 oz. generated in the prior quarter. The Detour Lake and Fosterville mines led this output, producing 140,067 oz. gold and 161,489 oz. gold in the period, respectively.With 331,811 oz. of gold sales, at an average realized price of US$1,907 per oz., the producer closed out the...Read More
The U.S. recession caused by the coronavirus pandemic and subsequent lockdown may already be over, Fed Vice Chairman Richard Clarida said Wednesday.Read full newsRead More
Conventional folklore would have you believe it started in 1992 with Geoffrey Stokes, but the genesis of Diggers and Dealers can be traced back as far as 1983, to a lunch at the Windsor Hotel in Perth with Peter Briggs and Dr Ron Wise.Read full newsRead More
When miners at Indonesia's giant Grasberg gold and copper mine started testing positive for coronavirus early in the pandemic, the mountain-top mining complex was quickly locked down with a skeletal staff left in place to maintain production.Read full newsRead More
When miners at Indonesia's giant Grasberg gold and copper mine started testing positive for coronavirus early in the pandemic, the mountain-top mining complex was quickly locked down with a skeletal staff left in place to maintain production.Read full newsRead More
Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals pricesRead full newsRead More
The world's mines will produce 3,368 tonnes of gold this year, down 4.6% from 2019 and the lowest in 5 years, but high bullion prices will help to push up output by 8.8% to a record 3,664 tonnes in 2021, consultancy Metals Focus said on Wednesday.Read full newsRead More
September saw high volatility across the markets for all asset classes. The stock market fell from record highs with gold correcting since reaching a record high in early August. The same trend followed silver followed although both precious metals picked up steam on the downside in September when faced with the potential for risk-off conditions in markets. Lower gold prices and silver prices are...Read More
Warren Buffett is likely the biggest role model for people when it comes to stock market investing. The Oracle of Omaha has become a billionaire through his success over a decades-long incredible career as a professional investor. To be the best, many would suggest investing like the best.Warren Buffett is famous for investing primarily in U.S. stocks. However, he has dabbled in a few companies ou...Read More