Gold surged on Mondayafter a spike in coronavirus cases worldwide dashed hopes of a quick economicrecovery. Within 24-hours the number of infections globally rose 183,020, a newrecord, the World Health Organization reported, Reuters said the US saw a25% increase in new COVID-19 cases over the week ending June 21st.  Spot prices tradedsharply higher, reaching a five-week high, before closing a...Read More

The current phase of the gold bull market, which started lastyear, is – we believe – the third and final wave of the secular bull run tracking back to 2001. It's going to create a tidal bore of immense size and power. Awave that those who hold the metal (and silver) can ride asinsurance against state-sponsored value-destruction of a country's currency,and as real money that cannot and...Read More

Crude oil moved above the previous highs and at the moment of writingthese words, it’s testing the upper border of the March price gap. And giventhe fundamental news that are reaching (and likely to reach) the market – the increasingCovid-19 cases in the U.S. and globally – it seems that black gold might nothave enough strength to keep pushing higher. The upper border of the Marc...Read More

With the gold price refusing to be knocked down below the $1,700/oz. level, it finished the weak above $1,750 [spot] and looks to be building a base, readying for its next leg higher. With continued monetary and fiscal malfeasance, showing no signs of abating anytime soon, it Is only a matter of time until new all-time highs in gold are reached. This will bode very well for the mining stocks. Th...Read More

MMX President Stefan Gleason: Why You Need REAL MONEY Like Never Before and How to Avoid One HUGE Mistake... Don't want to listen? Read the podcast below!Stefan Gleason, Money Metals ExchangeWelcome to this week's Market Wrap Podcast, I'm Mike Gleason.Coming up we'll hear an interview with Money Metals president Stefan Gleason, who was a featured guest during the recent 360 Gold Summit. Stefan...Read More

Gold miners' stocks rocketed out of mid-March's stock panic, breaking out to major new bull-market highs in mid-May. Such blisteringly-fast gains, and gold stocks' upleg stalling out since, have left many traders nervous about this sector. Calls for a serious selloff are mounting. But arguing in favor for more near-term gains to come, gold stocks never grew overvalued in this post-panic...Read More

In accepting the Democratic nomination for the presidency on July 2, 1932, President Franklin D. Roosevelt spoke of a "new deal for the American people" who had been ravaged by the Great Depression. After winning the 1932 election by a landslide, FDR, as he came to be known during World War II, took immediate action to bring about economic relief to the unemployed through public works programs,...Read More

As gold approaches $1,800, not far off from its $1,920 all-time high, or what would be the historic $2,000 mark, what's going to happen to silver?Rob Kientz with Chris Marcus via Arcadia EconomicsWhat Happens To Silver As Gold Crosses $1900, $2000As gold approaches $1,800, which is not far off from its $1,920 all-time high, or what would be the historic $2,000 mark, what's going to happen to silve...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Depending on which market one looks at, prices of coated steels have either risen, fallen or remained roughly the same since mid-May. One crucial impact of the Covid-19 pandemic that has swept the world this year is the decoupling it appears to have created between global steel markets.In China, prices of most steel products...Read More

The Northern Miner presents the top-ten Canadian-headquartered diamond companies ranked by market capitalization as of late-June.1. Lucara DiamondMarket capitalization: US$185.6 millionLucara Diamond president and CEO Eira Thomas speaking at The Northern Miner's Canadian Mining Symposium held at Canada House in London, U.K., on May 22, 2019. Photo by Martina Lang for The Northern Miner.Lucara Diam...Read More

A surge in coronavirus cases in parts of the United States undermined market sentiment. The Dow Jones Industrial Average fell 3.31% to 25,015.55 and the S&P 500 dropped 2.86% to 3,009.05. Spot gold jumped US$27.70 per oz., or 1.59%, to US$1,771.50 per ounce.Shares of Newmont climbed US$2.42 to US$59.34. The company announced it was ranked 13th overall in 3BL Media's (formerly Corporate Responsibil...Read More

The S&P/TSX Composite Index fell 1.84% to 15,189.00 during the June 22-26 trading week. The S&P/TSX Global Mining Index rose 4.24% to 88.72, and the S&P/TSX Global Base Metals Index climbed 2.25% to 89.36. Spot gold jumped US$27.70 per oz., or 1.59%, to US$1,771.50 per oz., and the S&P/TSX Global Gold Index rose 5.73% to 334.47.Shares of Endeavour Mining climbed $2.47 to $33.12. Canadian regulator...Read More

(Bloomberg) -- Harmony Gold Mining Co. raised $200 million through a share sale after investors backed its plan to purchase AngloGold Ashanti Ltd.'s last South African operations. Harmony decided to sell shares after its mines were shuttered during a coronavirus lockdown, impacting its original plan to finance the $300 million deal with cash and deferred payments. AngloGold's Mponeng mine and Mine...Read More

The zero-premium merger of SSR Mining and Alacer Gold could net the new SSR a higher stock price, especially with gold prices risingRead full newsRead More

TORONTO - Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government. Barrick Niugini Ltd., the joint venture mine owner and operator that is owned 47.5 per cent each by Canada's Barrick Gold Corp. and partner Zijin Mining Group of China, says the cost of the layoffs wil...Read More

In the fall of 2019, I’d suggested that gold had the chance to reach $2,000 over the next year. At the time, this was based on a tenuous geopolitical situation as well as economic uncertainty that seemed to guarantee historically low interest rates for the foreseeable future. Because of this, I’d recommended that investors should look to stack gold stocks heading into 2020.Today, I wan...Read More

Companies active in the making of electric vehicles, (EVs) batteries, solar panels and other green technologies have been linked to alleged human rights abuses. (Image: Illegal coltan miners in DRC. Courtesy of Boston University | YouTube.) The ongoing and global transition to renewable energies is not exempt of human rights abuses, which could create risks in a sector vital to countering the...Read More

The junior mining industry is one that is highly volatile. However, now that gold has regained its lustre, several in the industry are marching towards record highs. Earlier this week we looked at Wallbridge Mining’s strong performance. Today, we’ll take a look at a junior exploration company that is sitting on one-year returns of 313%: Great Bear Resources (TSXV:GBR). The company...Read More

As we see coronavirus cases rising rapidly in several states, it’s natural to wonder if we might have another market crash.These rising case counts are coming on the back of reopenings that many experts criticized for being done too quickly. Regardless of the reasons for the rise in case counts, the fact of the matter is that the numbers are skyrocketing.Some governors have even called for t...Read More

Olympic dam copper mine in South Australia. (Reference image courtesy of BHP). The International Copper Association Australia (ICAA) commissioned the University of Sydney's Warren Centre for Advanced Engineering to develop a strategic roadmap to achieve a 'zero-emission copper mine of the future.'In a 68-page report, the Warren Centre explains that, typically, greenhouse gas emissions through the...Read More