In accepting the Democratic nomination for the presidency on July 2, 1932, President Franklin D. Roosevelt spoke of a "new deal for the American people" who had been ravaged by the Great Depression. After winning the 1932 election by a landslide, FDR, as he came to be known during World War II, took immediate action to bring about economic relief to the unemployed through public works programs,...Read More

As gold approaches $1,800, not far off from its $1,920 all-time high, or what would be the historic $2,000 mark, what's going to happen to silver?Rob Kientz with Chris Marcus via Arcadia EconomicsWhat Happens To Silver As Gold Crosses $1900, $2000As gold approaches $1,800, which is not far off from its $1,920 all-time high, or what would be the historic $2,000 mark, what's going to happen to silve...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Depending on which market one looks at, prices of coated steels have either risen, fallen or remained roughly the same since mid-May. One crucial impact of the Covid-19 pandemic that has swept the world this year is the decoupling it appears to have created between global steel markets.In China, prices of most steel products...Read More

The Northern Miner presents the top-ten Canadian-headquartered diamond companies ranked by market capitalization as of late-June.1. Lucara DiamondMarket capitalization: US$185.6 millionLucara Diamond president and CEO Eira Thomas speaking at The Northern Miner's Canadian Mining Symposium held at Canada House in London, U.K., on May 22, 2019. Photo by Martina Lang for The Northern Miner.Lucara Diam...Read More

A surge in coronavirus cases in parts of the United States undermined market sentiment. The Dow Jones Industrial Average fell 3.31% to 25,015.55 and the S&P 500 dropped 2.86% to 3,009.05. Spot gold jumped US$27.70 per oz., or 1.59%, to US$1,771.50 per ounce.Shares of Newmont climbed US$2.42 to US$59.34. The company announced it was ranked 13th overall in 3BL Media's (formerly Corporate Responsibil...Read More

The S&P/TSX Composite Index fell 1.84% to 15,189.00 during the June 22-26 trading week. The S&P/TSX Global Mining Index rose 4.24% to 88.72, and the S&P/TSX Global Base Metals Index climbed 2.25% to 89.36. Spot gold jumped US$27.70 per oz., or 1.59%, to US$1,771.50 per oz., and the S&P/TSX Global Gold Index rose 5.73% to 334.47.Shares of Endeavour Mining climbed $2.47 to $33.12. Canadian regulator...Read More

(Bloomberg) -- Harmony Gold Mining Co. raised $200 million through a share sale after investors backed its plan to purchase AngloGold Ashanti Ltd.'s last South African operations. Harmony decided to sell shares after its mines were shuttered during a coronavirus lockdown, impacting its original plan to finance the $300 million deal with cash and deferred payments. AngloGold's Mponeng mine and Mine...Read More

The zero-premium merger of SSR Mining and Alacer Gold could net the new SSR a higher stock price, especially with gold prices risingRead full newsRead More

TORONTO - Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government. Barrick Niugini Ltd., the joint venture mine owner and operator that is owned 47.5 per cent each by Canada's Barrick Gold Corp. and partner Zijin Mining Group of China, says the cost of the layoffs wil...Read More

In the fall of 2019, I’d suggested that gold had the chance to reach $2,000 over the next year. At the time, this was based on a tenuous geopolitical situation as well as economic uncertainty that seemed to guarantee historically low interest rates for the foreseeable future. Because of this, I’d recommended that investors should look to stack gold stocks heading into 2020.Today, I wan...Read More

Companies active in the making of electric vehicles, (EVs) batteries, solar panels and other green technologies have been linked to alleged human rights abuses. (Image: Illegal coltan miners in DRC. Courtesy of Boston University | YouTube.) The ongoing and global transition to renewable energies is not exempt of human rights abuses, which could create risks in a sector vital to countering the...Read More

The junior mining industry is one that is highly volatile. However, now that gold has regained its lustre, several in the industry are marching towards record highs. Earlier this week we looked at Wallbridge Mining’s strong performance. Today, we’ll take a look at a junior exploration company that is sitting on one-year returns of 313%: Great Bear Resources (TSXV:GBR). The company...Read More

As we see coronavirus cases rising rapidly in several states, it’s natural to wonder if we might have another market crash.These rising case counts are coming on the back of reopenings that many experts criticized for being done too quickly. Regardless of the reasons for the rise in case counts, the fact of the matter is that the numbers are skyrocketing.Some governors have even called for t...Read More

Olympic dam copper mine in South Australia. (Reference image courtesy of BHP). The International Copper Association Australia (ICAA) commissioned the University of Sydney's Warren Centre for Advanced Engineering to develop a strategic roadmap to achieve a 'zero-emission copper mine of the future.'In a 68-page report, the Warren Centre explains that, typically, greenhouse gas emissions through the...Read More

White Mesa mill. (Image courtesy of Energy Fuels). As the US pushes to dilute China's monopoly and develop a domestic rare earth supply, Colorado-based Energy Fuels (TSX: EFR) is working towards being at the forefront in the race.Energy Fuels is the owner of the White Mesa Mill in Utah, the only fully-licensed and operating conventional uranium mill in the United States. The facility is normall...Read More

Queen Elizabeth the II. (Image by the Government of Alberta, Flickr). The famous Cullinan diamond, which is now the centrepiece of the British Crown Jewels, likely originated in Earth's lower mantle, right beneath the rigid and stable continental plates, where the mantle is slowly moving or convecting.The finding is part of ongoing research carried out by Evan Smith and Wuyi Wang at the Gemologic...Read More

Here are five Fastmarkets stories you might have missed on Friday June 26 that are worth another look.The price for flat-rolled steel imported into South American main destinations has edged downward week on week, with Chinese offers remaining steady, while material from other origins was presented at lower prices.The closure of the Chuquicamata copper smelter in Chile could last up to two weeks,...Read More

The S&P 500 closed 2.42% lower on Friday in the US, where the number of coronavirus cases is now more than 2.5 million according to the latest figures from Johns Hopkins University.The gold price was up around US$1,772 an ounce on the spot market at the time of writing."Gold is caught in a mostly delicate, but erstwhile crazy, dance as the safe haven crowd butts heads with Wall Street bulls in...Read More

Here are five Fastmarkets stories you might have missed on Friday June 26 that are worth another look.The price for flat-rolled steel imported into South American main destinations has edged downward week on week, with Chinese offers remaining steady, while material from other origins was presented at lower prices.The closure of the Chuquicamata copper smelter in Chile could last up to two weeks,...Read More

SRSrocco When the results are released, the second-quarter economic data will be the worst on record. With the massive money printing by the U.S. government, public debt has ballooned more than $3 trillion since the lockdown of the domestic economy. The total U.S. public and private debt will likely surpass $80 trillion in Q2 2020.Here is my last update for the U.S. Total Debt All Sectors...Read More