Victoria Gold Corp.'s Eagle Gold Mine. Credit: Victoria. Victoria Gold made a $10 million early unscheduled repayment of interest and principal towards its $100 million senior secured credit facility. The facility was fully drawn as of the end of March and the company made its first, $7.1 million principal repayment at the end of May."We are advantaged to be in the final stages of ramping up the...Read More

The year 2020 is a new era for gold stocks and gold prices. After a long period of weak and uninspiring gold prices, today the industry is booming. The price of gold has risen above $2,000 for the first time ever. It is up 36% in 2020 and up 365% in the last fifteen years.And of course, gold stocks have followed suit. The S&P 500 Gold Sub Index has soared 66% in 2020, and Canadian gold stocks...Read More

Aug 05, 2020 Guest(s): Ken Hoffman Basic Materials Sr. Expert, McKinsey While Tesla's chief, Elon Musk, has called for as much nickel to be produced as possible, this doesn't mean that Tesla will be producing any minerals of their own any time soon, said Ken Hoffman, senior expert at McKinsey. "Everyone wants the same two things from an electric vehicle today, and that is, it [has the same range...Read More

For weeks, if not months, I've been making the case that stocks are in a bubble...That the Federal Reserve is juicing the market and that valuations aren't commensurate with the reality of our economy.Of course, that kind of thing is hard to prove. At least it was until this morning when I woke up and saw this:You know this guy, right?CNBC's stock gnome?He's the guy always trying to convince peop...Read More

WearSense monitors Credit: Metso Outotec Newly formed Metso Outotec has closed the acquisition of Davies Wear Plate Systems, an Australia-based fastener and wear monitoring technology provider, which extends the company's wear lining portfolio and capabilities.The acquired technology includes fasteners featuring a unique locking mechanism that does not require traditional studs and nuts...Read More

The McCoy-Cove property. Image courtesy of Premier Gold Mines Premier Gold Mines (TSX: PG) is currently evaluating asset reorganization options to maximize the value of its property portfolio, which potentially include spinning out to its shareholders the company's US subsidiary that holds its Nevada assets, the company said on Wednesday.If the spin-out is completed, it is expected to be a standa...Read More

Adobe Stock Transport delays from South Africa against an increasingly robust Chinese demand have fuelled a price rally for cobalt hydroxide, used to make chemicals for electric vehicle batteries.Cobalt prices CBD0 on the London Metal Exchange are at $33,000 a tonne, the highest since early March and up more than 15% since the end of July.South Africa implemented a covid-19 lockdown on March 27...Read More

Twenty kilometres from a major four lane highway lies one of the largest undeveloped silver assets with an established resource of 115 million ounces of silver and 1.5 billion pounds of zinc, Golden Tag Minerals' (TSX-V: GOG) wholly owned San Diego Silver Project.Golden Tag has been preparing for stronger silver prices since 2019 in order to follow up on a resource outlined by a 2013 resource esti...Read More

Here are five Fastmarkets stories you might have missed on Wednesday August 5 that are worth another look....Read More

The three-month nickel price on the London Metal Exchange was pushed higher at the close of trading on Wednesday August 5 by a flurry of panic-buying against the monthly options expiry deadline, while zinc notched its highest close since January. Nickel's outright price on the LME closed at $14,419 per tonne on Wednesday afternoon, its highest close of the year while trading volumes were the highe...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 8.Please click...Read More

Bob Moriarty ArchivesAug 5, 2020Wear a mask 24/7.Wear a face shield.Stay at least two meters and better yet 20meters from anyone.Self isolate at home. Do not go out for anyreason.The government pays hospitals if you die with the Corona Virus for those who lack insurance. Therefore, if you are shot or born 15 weeks premature, or are in an automobile accident or drink yourself to death or have a str...Read More

After struggling throughout 2019 amid fierce competition from abroad, Chinese ferro-silicon exporters appear to be facing an even greater challenge this year. Global steel production shrank in the first half of 2020 amid the damaging economic and social effects of the Covid-19 pandemic, in turn dampening demand for ferro-silicon alloys.China, the world's largest ferro-silicon producer, exported 16...Read More

McClellan Financial Publications, IncPosted Aug 5, 2020Jul 31, 2020Farmers in the U.S. were excited this week about the news of China agreeing to buy 1.9 million tons of corn. That news has not yet given a lift to corn futures prices, but this week’s chart says that a major multi-month uptrend is coming.The movements of gold prices tend to show up again about 15 months later in grain prices....Read More

Here are five Fastmarkets stories you might have missed on Wednesday August 5 that are worth another look....Read More

The West Africa gold miner now holds nearly 10% of Oklo, up from a fraction under 8% previously.Resolute's flagship Syama operation is in Mali.As the firefinch flies, Oklo's emerging Dandoko/Seko prospect is about 300km northwest of Syama - with the firefinch Mali's national mascot.In contrast, B2Gold's Fekola operation and IAMGOLD's advanced Boto pre-development asset are right on Dandoko/Seko's...Read More

Macquarie Bank this week put coal at the top of its list of most-preferred commodities for the next six months, pipping steel and precious metals which were in second and third place, respectively.Read More

An overview of the minor metals markets and their latest price moves.Read More

The Turkish steel mills have continued their purchases of deep-sea ferrous scrap at steady prices, while suppliers in Europe were still struggling with the strength of the euro, sources said on Wednesday August 5.A steel mill in the Marmara region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded and 10,000 tonnes of a mixture of bonus and HMS 1 at an...Read More

Bangladeshi steelmaker SS Steel has purchased competitor producer Saleh Steel in a deal worth 247 million taka ($2.86 million), according to a filing to the Dhaka Stock Exchange. The deal, which was first made public on Tuesday August 4, sees SS Steel take 99% of the shares in Saleh Steel Industries Ltd. SS Steel has pledged to invest a further 1.34 billion taka toward the "smooth running" of the...Read More