The two are negotiating a potential 50% equity investment in Thiess by UK-based Elliott.Read More

First Quantum Minerals has cut its 2020 production guidance for its Cobre Panama copper project by as much as 105,000 tonnes and further lowered its group copper production guidance for the year due to the effects of the Covid-19 pandemic.The Vancouver, Canada-headquartered company had previously expected Cobre Panama to produce 285,000-310,000 tonnes this year but said it had revised its producti...Read More

Construction at Minera Exar's Caucharí-Olaroz development was suspended three weeks ago after two workers tested positive for COVID-19.Lithium Americas said it had become aware of press reports indicating Jujuy had commenced proceedings related to Minera Exar's implementation of provincial COVID-19 health and safety protocols."Minera Exar and the shareholders take these claims seriously and...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 29 that are worth another look.The United States Department of Commerce has launched anti-dumping (AD) and countervailing duty (CVD) investigations - some alleging triple-digit margins - into seamless standard, line and pressure pipe imports from four...Read More

(Denver, Colorado - July 29, 2020) GoldSeek.com is pleased to announce that it will be launching its new website in the coming days. This will be the third major revision to the GoldSeek website over the past 25-years.In the next version of GoldSeek.com, we are excited to announce the following features:Live Gold Prices - streaming live gold prices & charts Mobile Friendly - smartphone &...Read More

Silver has made impressive gains over the past week which resulted from its breaking out at last from the giant Double Bottom base pattern that started to form as far back as 2013, so it's been a long wait for silver investors for this to happen. Over the past week it has done exactly as predicted in the "breakout Souvenir article" posted on the site on the 22nd, running quickly at the strong re...Read More

By Avi GilburtLast week, I put out an article outlining my expectation for a pullback in GLD before we head to the 200+ region. Within the comments section, I outlined my plan as to how I am going to play for a potential pullback. However, that pullback has not yet materialized.For those that have followed me closely for years, you know that I have been heavily long physical metals and mining s...Read More

By: Ira EpsteinGold has spent 6 days in a row over the upper Bollinger band, this is unheard of. I have seen a 7 day before, this is a sign of great strength! Gold has 18DMA at 1836+ area and rising quickly. Silver had an amazing move. I would be very careful, $4-range in one day! I appreciate your bravery, but I just don't have it. I would avoid leverage futures here:Read More

Gold and silver are firm before the FOMC. There is expectation that Federal Reserve will reiterate of easy monetary policy for a very long time. Federal Reserve and most central banks will tolerate higher inflation for the rest of the year and next year. This is one of the reason why gold and silver prices are rising. I have been saying for quite a while that global economic growth in the third...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

Export prices for bulk cargoes of Japanese steel scrap have risen for the third consecutive week amid solid buying interest, market sources told Fastmarkets on Wednesday July 29.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan, was ?25,000-25,500 ($237-242) per tonne on Wednesday, up by ?500 per tonne from ?24,500-25,000 per tonne last week.Japan-origin H1:H2 (50:50...Read More

Turkish steel mills resumed their deep-sea scrap purchases with prices edging up, sources said on Wednesday July 29.A steel mill in the Iskenderun region booked a European cargo, comprising 18,000 tonnes of HMS 1&2 (80:20) at $273 per tonne and 9,000 tonnes of bonus scrap at $283 per tonne cfr.Another steel mill in the Izmir region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $275 per...Read More

Markets were for the most part consolidating this morning, Wednesday July 29, with base and precious metals prices mixed, albeit with the path of least resistance remaining to the upside.Traders are having to weigh up the continuing spread of the Covid-19 virus across the United States and pockets of second waves in other major economies and some disappointing economic news, against the prospects...Read More

Share this articleSASKATOON - Cameco Corp. missed earnings expectations as it lost $53 million in the second quarter despite a 35 per cent growth in revenues.The Saskatoon-based uranium miner says it lost 13 cents per share for the period ended June 30, compared with a loss of six cents per share or $23 million a year earlier.Chief executive Tim Gitzel says the proactive shutdown of operations bec...Read More

Tesoro Resources Limited (ASX: TSO) is an Australian public company, focused in Chile, where it owns 70% of the district scale El Zorro Gold Project, in the Coastal Cordillera region. The Coastal Cordillera region is host to multiple world class copper and gold mines, has well established infrastructure, service providers and an experienced mining workforce. We learned from Zeff Reeves, Managing D...Read More

Triumph Gold Corp. (TSX-V: TIG) is a growth-oriented, Canadian-based, precious metals exploration and development company, currently advancing the district scale Freegold Mountain project in Yukon. We learned from John Anderson, Chairman and CEO of Triumph Gold, that Freegold Mountain has a great advantage over others, such as the government-maintained road with access off the Klondike Highway, wh...Read More

History is a progression of "new normals."One minute we're walking down a path with everything in sync. We become used to our routine, and it seems as if nothing will deviate us from our course.That's when the disruption happens.Few recognize the drastic change that's occurring and fewer still saw it coming.We experienced this for ourselves not too long ago, didn't we?I know for a fact that many o...Read More

Key data from the pricing session in London on Wednesday July 29. Key driversMarket participants eye higher cobalt metal, salt and intermediate prices in China, which have translated into some sellers raising offer prices in the international market - including some...Read More

Cobalt hydroxide payables continued to rally in the first half of the week started Monday July 27, with logistical tightness in South Africa still limiting suppliers' capacity to offer units on spot inquiries.The cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low end), rose to 74-75% on July 29, up from 70-73% on July 24. This was...Read More

A rising gold price may not lift all mining boats. INK featured Ontario-focused Pure Gold Mining (PGM) in today's morning report as a junior that could keep sailing even if there is an inflationary G-economy tide. Watch the free video summary: Looking to start high-grade production in Q4 INK Canadian Insider Club members have access to core INK PDF reports including today's report on PGM. If yo...Read More