Jul 28, 2020 Guest(s): Peter Grosskopf CEO, Sprott Momentum in the gold market is slowing down after its historic run to new all-time highs at the start of the week. According to one fund manager, while gold has room to move higher, it is starting to overheat and could be due for some consolidation.In an interview with Kitco News, Peter Grosskopf, chief executive officer at Sprott Inc, said that...Read More

Aluminium premiums in Europe and Brazil moved higher during the week to Tuesday July 28 amid cautiously bullish sentiment, while other areas remained stable.Premiums rise across EuropeDemand revival pushes Brazilian premium higherStable market conditions in United StatesChina static but bullishSouth Korea premiums up, while MJP is stable Contango pushes Rotterdam premiums higherAluminium premiums...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJuly 28, 2020 Gold has arrived at significant resistance in the $1900-$2000 zone.Investors need a solid plan of action to deal with the intense volatility that is currently enveloping the market. Pleaseclick here now. Double-click to enlarge this December futures gold chart. In 2011, a ke...Read More

LME three-month base metals prices failed to make significant gains at the close on Tuesday July 28, stalling ahead of tomorrow's clarification on US fiscal stimulus measures.The US Federal Reserve announced today that it had extended its existing lending facilities, from September 30 to December 31, to combat the economic fallout of the Covid-19 pandemic.But the market still remain...Read More

A subsidiary of Noranda Income Fund (NIF) has entered into a streaming deal with streaming and royalty company BaseCore Metals LP for zinc processed and refined at its electrolytic processing facility in Quebec, Canada, the company said. The proceeds of the deal will be used to expand capacity at the company's Canadian Electrolytic Zinc (CEZ) refinery by around 20,000 tonnes per year. BaseCore is...Read More

Spot gold had earlier risen just over $1,980 an ounce but was worth about $1,957/oz at the time of writing.The spot silver price briefly rose above $26/oz but was back around $24/oz."Some vicious moves overnight with the major action in precious with stops to the topside triggered in the first part of the Asian session before a wave of profit taking sees silver already decline 14.5% from its sessi...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) is pleased to announce that it has completed a non-brokered private placement of 14,434,200 units (the "Units") of the Company at a price of $0.10 per Unit for aggregate gross proceeds of $1,443,420 (the "Offering"). Each Unit consists of one common share of the Company (the "Shares") and one-half of a common share purcha...Read More

The latest data for the global manganese ore market for the week ended Monday July 27, 2020.Read More

Despite beating average consensus forecasts for an adjusted loss per share of US34c and revenue of $219 million, the respective figures at -37c and $255.Read More

The JV company Minova Runaya Pvt Ltd (MRPL) is building a manufacturing plant at Bhilwara in Rajasthan to produce rock bolts, resin capsules, injection chemicals, wire mesh and ventilation products for the domestic and potentially offshore markets from early next year. The plant was said to have capacity to initially generate about US$60 million of products a year.India's mining industry has been...Read More

Terms of the deal, flagged a month ago, were not disclosed.Datamine will keep the Snowden name, established through its mining technical consulting activities more than 30 years ago, though it will focus on building Snowden's multi-product mining software business.A Snowden spokesman told Mining Journal the focus going forward would be on growing "all parts of the business". Datamine executiv...Read More

China imported approximately 2.18 million tonnes of manganese ore in June, a rise of around 39.3% from about 1.57 million tonnes in May, according to the latest available Chinese customs data. June's volume is also 7.3% higher than the 2.03 million tonnes imported in the same month of 2019, the data showed.Among the total volume imported in June, around 724,794 tonnes (33.2%) came from South Afric...Read More

Stewart Thomson, Graceland Updates1. Gold has arrived at significant resistance in the $1900-$2000 zone. Investors need a solid plan of action to deal with the intense volatility that is currently enveloping the market.2. Please click here now. Double-click to enlarge this December futures gold chart.3. In 2011, a key futures contract traded at about $2000. That...Read More

By: Ira EpsteinGold is in a historic moment. This market has not have had a lower-low day in this breakout, not allowing people in. SIXTH-day in a row over the Bollinger band now:Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 28 that are worth another look.Brazilian long steel producers have announced an 8% domestic rebar price increase for September after having already raised their prices by around 10% in July, sources told Fastmarkets this week.After successfully taking advantage of...Read More

New Century Resources and Vale Canada have mutually agreed to extend the exclusivity period for the former's acquisition of Vale New Caledonia (VNC) by 45 days, it was announced at a press conference held by VNC chief Antonin Beurrier on Tuesday July 28.Australian zinc miner New Century entered into a 60-day exclusivity agreement with Vale Canada, a subsidiary of Brazilian multi-metal miner Vale,...Read More

Ferrous scrap prices in Mexico were steady for the week ended Friday July 24, with the market stabilizing after nearly a month of price reductions.Fastmarkets' assessment of the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey was at 5,700 pesos ($258) per tonne on July 28, and the consumer buying price for steel scrap No1 heavy melt, delivered mill Mo...Read More

Turkish steel producers continued to stay away from the deep-sea scrap market on Tuesday July 28, largely because of strong prices, but also due to the impending holiday period, sources told Fastmarkets.The most recent deep-sea transaction was done through the US at $275 per tonne cfr for shredded and $280 per tonne for bonus at the end of the last week.Turkish mills have since been quiet and...Read More

KENORA - The Ontario government is providing $78,700 to upgrade the Lake of the Woods Railroaders Museum and to help boost local tourism and economic development in the City of Kenora. The funding will be delivered through the Northern Ontario Heritage Fund Corporation (NOHFC)."As our government works to get Ontario back on track, we are proud to invest in Kenora's heritage, including our proud hi...Read More

Share this articleCALGARY - Frankfurt-based Deutsche Bank is joining a lengthening list of European lenders and insurance companies that say they won't back new oilsands projects.The German bank said Monday its new fossil fuels policy will also prohibit investing in projects that use hydraulic fracturing or fracking in countries with scarce water supplies, and all new oil and gas projects in t...Read More