The U.S. Mint has reduced the supply of gold and silver coins to third-party distributors as the coronavirus pandemic slows down the production of coin currency.The Mint's New York-based facility is evaluating risks to employees to curb the spread of the virus, thereby slowing production for the next 12 to 18 months, Bloomberg reported, citing internal documents.The nation's coin maker, which is i...Read More

Nighthawk Gold (TSX: NHK; US-OTC: NIMZF) has released an updated resource estimate for its Colomac gold deposits as well as a maiden underground resource for the Damoti deposit, 28 km to the south, which lie within the company's wholly owned, 899-sq.-km Indin Lake gold property in the Northwest Territories, 200 km north of Yellowknife.At Colomac, total indicated resources now stand at 25.9 million...Read More

Gold prices held steady after a record-breaking rally that saw the spot price hitting new highs and futures touching US$2,000 per oz. for the first time.Spot gold continued its historic run earlier on July 28, setting a fresh all-time high of US$1,980.55 per oz. before pulling back on investor profit-taking. Spot was up 0.3% at US$1,950.17 per oz. by 11:20 a.m. EDT.U.S. gold futures returned to US...Read More

China's hot-rolled coil producers raised their export offers on Tuesday July 28 despite a weakening of domestic prices.DomesticEastern China (Shanghai): 3,910-3,930 yuan ($559-562) per tonne, widening downward by 10 yuan per tonneSellers in Shanghai kept their offers at 3,920-3,930 yuan per tonne in the morning, unchanged from Monday.But falling futures in the afternoon sent buyers to the sideline...Read More

This week's episode features the second of a two-part interview with Iamgold president and CEO Gord Stothart at the Canadian Mining Symposium, held on Zoom on June 16, 2020. Online editor Adrian Pocobelli asks Gord about mining in Canada, tailings dams, and working with local communities.Gordon Stothart joined Iamgold at the end of 2007 as COO, moving to the position of president & CEO on March 1s...Read More

Rio Tinto (NYSE: RIO; LSE: RIO) says it has made a "promising" discovery in Western Australia, 2 km east of its Winu copper-gold project, which is on track to begin production in 2023.The world's second largest miner also reported a maiden resource for the Winu deposit, reporting 503 million inferred tonnes grading 0.45% copper-equivalent at a 0.2% copper-equivalent cut-off grade. The resource inc...Read More

China's domestic rebar prices widened downward slightly on Tuesday July 28 after futures declined in the afternoon.Domestic Eastern China (Shanghai): 3,570-3,600 yuan ($510-514) per tonne, widened downward by 10 yuan per tonneRebar futures went from a high of 3,770 yuan per tonne in the morning to a low of 3,715 yuan per tonne in the afternoon.The spot market was active when rebar futures were on...Read More

The Dow Jones Industrial Average fell 0.76% to 26,469.89 and the S&P 500 fell 0.28% to 3,215.63. Spot gold jumped US$91 per oz., or 5.03%, to finish the July 20-24 trading week at US$1,901.30 per ounce.Shares of First Majestic Silver rose to US$13.28 per share, up 25.28%. The company reported second-quarter production of 3.5 million oz. silver-equivalent, consisting of 1.8 million oz. silver and 1...Read More

Benchmark prices for cobalt metal nudged higher on Tuesday July 28 on increased buying interest, higher bids and positive cues from the hydroxide market.Fastmarkets' price assessment of cobalt standard grade, in-whs Rotterdam was $13.75-14.15 per lb on Tuesday, up 10 cents on the high end from $13.75-14.05 per lb, where it had held since July 15. Cobalt alloy grade, in-whs Rotterdam was assessed a...Read More

PCC BakkiSilicon will stop producing silicon at its smelter in H??sav?-k on the northern coast of Iceland this week due to the current soft market prices, a senior company official told Fastmarkets on Tuesday July 28.The firm, a subsidiary of German holding company PCC SE, had already shut one of its two furnaces in April. Each furnace has capacity for 16,000 tonnes per year of silicon metal, with...Read More

The S&P/TSX Composite Index fell 0.78% to 15,997.06 during the July 20-24 trading week. The S&P/TSX Global Mining Index rose 1.48% to 98.48, and the S&P/TSX Global Base Metals Index fell 3.22% to 99.14. Spot gold jumped US$91 per oz., or 5.03%, to US$1,901.30 per oz., and the S&P/TSX Global Gold Index rose 5.43% to 386.5. Shares of Nevada Copper fell by 6.67% to 14 ? per share. On July 23, the c...Read More

The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt standard grade, in-whs Rotterdam at $13.75-14.15 per lb...Read More

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt alloy...Read More

China's imports of cobalt intermediates rose in June compared with the prior month, but the increase was smaller than had been expected despite the easing of lockdown restrictions in South Africa since the beginning of May, market sources told Fastmarkets. China imported a total of 15,206 tonnes of cobalt intermediates in June, an increase of 24.8% from 12,187 tonnes in May, according to Chinese c...Read More

A long-delayed Alaskan mine that could be one of the biggest copper and gold producers in the United States has gained final environmental approval. The US Army Corps of Engineers (USACE) concluded on Friday July 24 that the mine on state land in the Bristol Bay Region of southwest Alaska poses no environmental threat. It will be at least six or seven years before mining of the 7.5 billion tonne c...Read More

Our call of the day is a bullish one from Goldman Sachs, which is upping the ante for those betting on stronger gold prices sticking around.Read full newsRead More

Gold prices have been on the rise, and producers of the precious metal have seen outsized gains.Read full newsRead More

Mining strips nitrogen from the soil and means the forest struggles to grow back even after mines are abandoned. Read full newsRead More

Gold prices have seen a positive correlation to the expansion of the Federal Reserve's assets, and as the Fed embarks on the largest stimulus program in its ...Read full newsRead More

Renforth Resources Inc. is pleased to share with shareholders ourRead full newsRead More