Warren Buffett is making up for missed gains in the 2020 market crash. The GOAT (greatest of all time) of investing is fortifying his stock portfolio with three significant buys. Berkshire Hathaway has been piling shares of Bank of America recently. Based on the latest quarterly filings with the SEC, his conglomerate is also buying back its shares.The third move is taking a position in a gold mini...Read More
It seems like a while since the February-March coronavirus market crash sparked fear into the hearts of investors. High-growth tech stocks have pulled the stock market higher over the past several months. However, there are still many affected areas of the economy that remain under pressure — pressure which may not be relieved until the advent of an effective coronavirus vaccine.While it may...Read More
Aug 24, 2020 Guest(s): Gary Wagner The annual Jackson Hole Symposium, a gathering of central bankers, economists, and financial institutions, will see its first ever virtual conference this week, and will likely set the tone for further U.S. dollar depreciation, said Gary Wagner, editor of TheGoldForecast.com."When you've got all of the major central banks getting together, they recognize the n...Read More
Here are five Fastmarkets stories you might have missed on Monday August 24 that are worth another look.The steel recycling division of Tata Steel has announced it is launching a mobile app for sourcing steel scrap in India, the company said on August 19.London-based metals trading firm...Read More
The three-month price of nickel on the London Metal Exchange was higher at the close of trading on Monday August 24, outperforming its peers and closing a little more than 1% higher, while the entire base-metals complex was given a boost by a rally in global equity markets.Nickel's outright price closed at $14,926 per tonne on Monday afternoon, its highest closing price since November 2019, and co...Read More
Three-month base metals prices on the London Metal Exchange were up during morning trading on Monday August 24, with market optimism over a Covid-19 vaccine rising after US regulators approved the use of convalescent blood plasma as a treatment option, while continued weakness in the US dollar index also provided support. Total coronavirus deaths in the United States have now surpassed 175,000 acc...Read More
Jack ChanPosted Aug 24, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation has peaked.Speculation has peaked.The divergence as noted may have marked another top. Our ratio is on SELL sig...Read More
Here are five Fastmarkets stories you might have missed on Monday August 24 that are worth another look.The steel recycling division of Tata Steel has announced it is launching a mobile app for sourcing steel scrap in India, the company said on August 19.London-based metals trading firm...Read More
London-based mining private-equity company Appian Capital Advisory has appointed Nelson Silva, a former director at Brazilian state-owned oil company Petrobras, to be its senior safety and social performance adviser, it said on Monday August 24.Silva will take the role of assisting with environmental, health, safety and community issues on Appian's mining portfolio, the company added.Appian operat...Read More
The lift was said to be fuelled by optimism surrounding various COVID-19 treatments and hopes the virus wouldn't hamper growth.The big moves made by mining equities in Toronto yesterday were book-ended by Northern Dynasty Minerals' slump and RTG Mining's spike.Northern Dynasty (TSX: NDM), the company behind the proposed Pebble mine in Alaska, closed down more than 37% yesterday in the wake of what...Read More
Bolivia-based zinc-lead producer Minera San Crist??bal halted production indefinitely on Monday August 24 to ensure its workers' health and safety, because the local Covid-19 infection rate has climbed, the company said.Employees and contractors have been removed from the site since August 19 and would be kept away until August 26, the miner said in a statement published on its official website on...Read More
Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company") (CSE: SSVR, Frankfurt: 48X) is pleased to announce that is has signed a definitive agreement to earn up to a 100% interest in a dominant land position in the historic Mogollon silver-gold mining district (the "Property") of southwestern New Mexico from Allegiant Gold Ltd ("Allegiant") (TSXV: AUAU). Key Mogollon Property Highli...Read More
Molybdenum oxide prices lost their upward momentum following the return to normal operations by one of the world's top molybdenum producers, Jinduicheng Molybdenum Co (JDC Moly), on Thursday August 20.Molybdenum oxide prices had risen in all regions in Fastmarkets assessments after flooding in China's Shaanxi province on August 5 that disabled about 60% of JDC Moly's concentrate output.Having gain...Read More
Vancouver, BC - LEAF Mobile Inc. (TSX.V : LEAF), a leading creator and publisher of counter culture mobile games, today announced that it will report its financial results for the second quarter ended June 30, 2020 after the Canadian market close on Monday, August 31, 2020. Following this announcement, LEAF management will host a conference call on Tuesday September 1, 2020 at 6AM PT/9AM ET to dis...Read More
The A3.5c per share dividend (unfranked), will consume about US$30 million of Base's $87.6 million net cash position - as at June 30.Read More
The $149 million raising sees new shares issued at a price of 85c each, with the funds going towards reducing Emeco's secured notes from $442 million to $250 million.That will save $19 million per annum in interest and reduce Emeco's gross debt and net leverage ratio to 0.9-times (compared with 1.46-times at June 30), with the $250 million in notes to mature in 2024 - versus the previous note...Read More
Here are five Fastmarkets stories you might have missed on Monday August 24 that are worth another look.The steel recycling division of Tata Steel has announced it is launching a mobile app for sourcing steel scrap in India, the company said on August 19.London-based metals trading firm...Read More
Cobalt producers Huayou and Glencore are founding members of a new body aiming to develop artisanal and small-scale miners in the Democratic Republic of the Congo (DRC). The objectives of the Fair Cobalt Alliance (FCA) include supporting the professionalization of site management and instilling best practice across the artisanal mining sector to develop health and safety, and minimize the environm...Read More
Subsidiary Pebble Limited Partnership said the permitting process continued to move forward amid reports the US Army Corps of Engineers (USACE) was going to publish details about its approach to wetlands mitigation for the project on Monday.The Pebble Partnership responded to a Politico article claiming Trump had plans to block the project."We firmly believe that the implication pushed by Politico...Read More
Here are five Fastmarkets stories you might have missed on Monday August 24 that are worth another look.The steel recycling division of Tata Steel has announced it is launching a mobile app for sourcing steel scrap in India, the company said on August 19.London-based metals trading firm...Read More