Taiwan was the sole active buyer of ferrous scrap in the week ended Friday April 24 amid limited demand from other key markets.Turkey still out of spot marketUS recyclers pay more amid domestic shortageVietnamese buyers keep focus on Japanese scrapTaiwanese buyers pursuing containerized cargoesIndia lockdown still affecting market TurkeySteel mills in Turkey did not make any bookings for deep-sea...Read More

Seabridge Gold (TSX: SEA; NYSE: SA) has released the results of an updated preliminary economic assessment (PEA) on its KSM gold-copper project, 65 km northwest of Stewart, British Columbia.The latest study suggests a large underground block cave mine at the Iron Cap deposit, with one-third of the planned production sourced from open pits at the site. This approach is the opposite of that in the 2...Read More

Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has completed 13.5 km of underground development - 4.2 km ahead of plan - at its Kakula copper project in the Democratic Republic of Congo (DRC), and says it will bring the deposit into production on time and budget by the third quarter of 2021.Another 29.5 km of underground development must be completed before first concentrate production in 2021, and Ivanh...Read More

Silvercorp Metals (TSX: SVM; NYSE: SVM) is buying Guyana Goldfields (TSX: GUY) in a $105 million (US$75 million) cash and stock deal that creates a diversified precious metals producer with two silver mines in China and a gold operation in Guyana.The Vancouver-based miner, which currently produces silver, lead and zinc from mines in China, will give Guyana's shareholders the option to receive 60 ?...Read More

Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has raised $92 million in a bought deal financing to advance its flagship Cerro Blanco gold project in Guatemala.Under the agreement, a syndicate of underwriters purchased 52.58 million common shares in the company at $1.75 per share. The deal includes the exercise, in full, of an over-allotment option of an additional 6.86 million shares at the of...Read More

Rio Tinto ( NYSE: RIO; LSE: RIO) will spend a further A$9.2 million (US$5.9 million) on exploration at the Citadel copper-gold project, a joint venture with junior Antipa Minerals (ASX: AZY), in Western Australia's Paterson province.The budget earmarked for this year is well above the previous commitment of A$2 million (US$1.3 million) put forth in January, when Rio Tinto earned 51% of the project...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHow mining companies can reduce equipment purchasing cost and improve qualitySPONSOREDtechnical auditOver the past five weeks, the nickel price has risen by 10% from a low of US$5 per p...Read More

In light of recent guidance revisions and the wider collapse in drilling and completion activity in Western Canada, Rystad Energy now expects total 2020 Canadian upstream spending to fall below C$21 billion. This represents a 41% year-over-year decline, with reductions in shale and oil sands accounting for more than 80% of the decrease.Read full newsRead More

(Corrects GMT time from 0200 to 0100)Read full newsRead More

VANCOUVER, British Columbia and TORONTO, April27, 2020(GLOBE NEWSWIRE) -- Silvercorp Metals Inc. ("Silvercorp") (TSX/NYSE American: SVM) and Guyana...Read full newsRead More

If the boredom has well and truly set in after weeks of travel restrictions and social distancing, you could always join metal traders in a game of lockdown lottery.Read full newsRead More

Barrick Gold Corp. says it will pursue all legal avenues to prevent what it's calling theRead full newsRead More

Shares of gold miners and funds dealing in the precious metal have rallied in recent weeks as the coronavirus crisis rocked global markets and investors raced to buy safe-haven assets.Read full newsRead More

The International Renewable Energy Agency has unveiled an incredibly ambitious plan to restart the world economy by a massive $110 trillion stimulus package that would create 50 million jobs, only the odds of it becoming reality are very slimRead full newsRead More

"#Whatnow??oe... Review assays for Phase1 drill holes once received?oe... Petrology and metallurgy, expect good overall metallurgical response?oe... Investigate controls on high-grade Au mineralization including alteration and structure#SanMarcoResources $SMN #BuckProperty #MomentumStocks"Read full newsRead More

In light of recent guidance revisions and the wider collapse in drilling and completion activity in Western Canada, Rystad Energy now expects total 2020 Canadian upstream spending to fall below C$21 billion. This represents a 41% year-over-year decline, with reductions in shale and oil sands accounting for more than 80% of the decrease.Read full newsRead More

Gold prices are reacting along with gold stocks and company shares in the week ahead of scheduled meeting to be held by the US Federal Reserve and the European Central Bank. Following several rounds of interest rate cuts and stimulus packages aimed at extending financial aid to struggling businesses to counter an impending economic collapse, investors are starting to pull away from the yellow meta...Read More

Wheaton Precious Metals (TSX:WPM)(NYSE:WPM) is an intriguing safe investment that is often bypassed by many investors. At first glance, Wheaton may appear to be like any other traditional precious metal miner, but the company is a streamer.What’s a streamer? Why does it matter?Streamers differ from traditional miners in that they don’t actually own or operate any mines. Streamers provi...Read More

Tuesdays are often a weak day for gold. Where there is weakness there is opportunity, but is that opportunity here today?Please click here now. Double-click to enlarge. Gold is in a trading range between $1670 and $1785, and I believe the odds of an upside breakout are about 67%.That breakout would target the $1900 area.There's also a bear wedge (defined by the thin red trendlines on the ch...Read More

In a surprise move for gold miners, Bank of America recently announced it had lifted its 18-month gold price to US$3,000 an ounce. Given that the yellow metal started the year at just over US$1,519 and is selling for US$1,708 an ounce, this is a surprising statement.Whether gold will climb to that high, which is more than US$1,000 greater than its all-time record price, is yet to be seen. It will...Read More