Pit operations at SSR Mining's Marigold gold mine in Nevada. Image from SSR Mining. A total of $8.86 billion worth of M&A deals were struck in the metals and mining industry globally during the second quarter of 2020, according to the latest report from GlobalData.This value represents an increase of 29.1% over the previous quarter and a decline of 14.4% when compared with the last four-quarter a...Read More

Aug 11, 2020 Guest(s): Joe Foster Portfolio Manager This gold price correction is just a case of price consolidation, and the longer-term bullish picture still remains intact, said Joe Foster, portfolio manager of the VanEck International Investors Gold Fund, who maintains a $3,400 an ounce price target."We've been looking for a pullback in the gold market. Nothing goes straight up forever. We h...Read More

Clayton Valley project. Credit: Cypress Development Corp. Cypress Development (TSXV: CYP) on Tuesday released an updated mineral resource estimate for its Clayton Valley lithium project in Nevada, showing an approximate 55% increase in total resources over the estimates found in the May 2020 prefeasibility study (PFS).Measured resources increased to 574.1 million tonnes, averaging 1,081 ppm Li or...Read More

Aug 11, 2020 Guest(s): Karl Moore Professor, Strategy & Organization, McGill University The pandemic has blindsided much of the corporate world, and this will not be the last time that we see a 'black swan," or rare catastrophe, affect the economy, said Karl Moore, professor of strategy and organization at McGill University."We're going to have understand that the black swan is not an unusual an...Read More

Here are five Fastmarkets stories you might have missed on Tuesday August 11 that are worth another look.China is turning to mergers, acquisitions and mine shutdowns to maintain its drive toward energy reform and the use of fewer fossil fuel resources.Zinc premiums in Singapore and Malaysia...Read More

The three-month price of lead on the London Metal Exchange was the standout performer at the close of trading on Tuesday August 11, climbing by 3% and breaking past nearby resistance, while a continued uptick in producer inflation from the US further supported buying momentum in the afternoon.Lead's outright price on the LME closed at $1,960.50 per tonne on Tuesday afternoon, recovering from an in...Read More

Zinc premiums in Singapore and Malaysia have dropped to their lowest annual level - and since Fastmarkets began assessing the market - while stocks begin to pile up in regional warehouses, trading sources said.Fastmarkets assessed the zinc SHG 99.995% ingot premium, fca Singapore at $85-95 per tonne on Tuesday August 11, down from $90-100 per tonne the week previously and $100-110 per tonne at the...Read More

Here are five Fastmarkets stories you might have missed on Tuesday August 11 that are worth another look.China is turning to mergers, acquisitions and mine shutdowns to maintain its drive toward energy reform and the use of fewer fossil fuel resources.Zinc premiums in Singapore and Malaysia...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comAug 11, 2020 Gold is at a point where most of the horrific Corona crisis news is priced in, the US economy continues to strengthen, and not enough government handout money has been spent by Main Street to create inflation. As I’ve been saying for several days, gold is likely to ente...Read More

Here are five Fastmarkets stories you might have missed on Tuesday August 11 that are worth another look.China is turning to mergers, acquisitions and mine shutdowns to maintain its drive toward energy reform and the use of fewer fossil fuel resources.Zinc premiums in Singapore and Malaysia...Read More

It was worth $28.72/oz at the time of writing, while gold was about $2,014/oz.Russia-focused silver miner Silver Bear Resources (TSX: SBR) was among the metals and mining stocks on the rise in Toronto, gaining 15%.Meanwhile US-China tensions continue and the number of COVID-19 cases globally has just passed 20 million.Elsewhere, copper gained about 1.4% on the London Metal Exchange and aluminium w...Read More

Lucara's Q2 revenue of US$7.5 million came via the sale of stones smaller than 10.8 carats. The company decided in March not to tender any diamonds in excess of that size, instead agreeing to sell Read More

The latest data for the global manganese ore market for the week ended August 7, 2020.Read More

Portside prices for both low- and high-grade manganese ore in China rose in the week to Friday August 7, snapping a run of six consecutive weekly declines, after traders raised their offer prices in response to strength in the seaborne market.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was at 35 yuan ($5.02) per dry metric tonne unit (dmtu) on August 7 - eq...Read More

Ferrous scrap prices in the Mexican steelmaking regions of Monterrey and Baj?-o increased week on week because of continued improvement in demand.Many market participants reported average price increases of 200 pesos ($8.91) per tonne for most grades of scrap during the week ended Friday August 7, while other, less common price increases were reported in the range of 150-400 pesos ($6.68-17.82) pe...Read More

Domestic prices for ferrous scrap in Italy moved down slightly in the month to Tuesday August 11, with demand for the raw material reduced by scheduled maintenance outages during the month.Most Italian steel producers stopped production for summer maintenance work in August, but some have changed their schedules this year and planned shorter stoppages with demand recovering from the Covid-19-relat...Read More

THUNDER BAY - The Ontario government is providing $845,566 to help two companies in Thunder Bay develop new products and technologies that will support the health sciences sector and create skilled worker jobs. The funding will be delivered through the Northern Ontario Heritage Fund Corporation (NOHFC)."Supporting the health sciences sector across Northern Ontario is an important part of our gover...Read More

Turkish steel producers have slowed down their deep-sea scrap purchasing, after the domestic long steel market was affected by the weakening of the country's lira, sources said on Tuesday August 11.Mills in Turkey booked a number of cargoes last week, with the most recent transactions for material from the US and Baltic Sea at $285 per tonne cfr for HMS 1&2 (80:20).But the mills then paused their...Read More

Share this articleTORONTO - The chief executive of Barrick Gold Corp. said Monday the company's strategy for spending money is unchanged despite a run up in gold prices that boosted second-quarter results and prompted an increased dividend.Mark Bristow said he is actively guarding against temptation to change course."First of all, the way you do it, is you don't blow your brains out, like what hap...Read More

The dip in base metals prices at the end of last week was a one-day wonder for copper and aluminium after prices for both metals rebounded yesterday, while consolidation has set in again this morning, Tuesday August 11, and the other metals continue to consolidate too.Asian-Pacific equities and pre-market western equity index futures were upbeat this morning. But gold prices are down by 0.9% at $2...Read More