Golden Arrow Resources Corporation (TSXV:GRG) (FSE:G6A) (OTCQB:GARWF), (Read full newsRead More
India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.Read full newsRead More
After gold prices skyrocketed past their 2011 all-time highs of $1,920, gold’s spot price slid back to $1,930 in Thursday’s trading session, down 0.6% from its earlier closing price of $1,940, as gold bulls took a pause before another attempt to push the precious metal higher off its record levels. The growing concerns regarding the course of the US economy persist, so is unlikel...Read More
There is a growing disconnect between economic fundamentals and the recent stock market rally. While the number of active coronavirus cases is accelerating, global equities have continued to soar higher. The TSX at large has surged more than 45% since March lows, marking one of the best recoveries on record.What’s more concerning is, some riskier stocks went too far recently, despite the glo...Read More
This fall could be extremely frothy for Canadian investors. TSX stockholders will find themselves having to contend with a market caught in the crossfire between a U.S. election, ongoing vaccine uncertainty, and dire economic revelations.Now, throw in international tensions, uneven earnings reports, and growing industrial bearishness. If the markets manage to escape a major correction by December,...Read More
Aluminum alloys. Stock image. Scientists in Japan have developed a machine learning approach that can predict the elements and manufacturing processes needed to obtain an aluminum alloy with specific, desired mechanical properties.The approach, published in the journal of Science and Technology of Advanced Materials, could facilitate the discovery of new materials.Aluminum alloys are lightweight,...Read More
Credit: Vizsla Vizsla Resources (TSXV: VZLA) has closed a bought deal private placement for around 16 million units of the company at a price of C$1.87 per unit for gross proceeds of C$30 million (about $22m) and includes the exercise in full of the underwriters' over-allotment option.Each unit consists of one common share in the company and one common share purchase warrant, with each warrant e...Read More
Image from Cariboo Regional District's YouTube channel. Kore mining has increased its wholly owned land holdings in the southern part of British Columbia's Cariboo gold district, to 1,000 sq. km - the company's claims now cover 110 km of the prospective Eureka structural trend, host to its FG and Gold Creek orogenic gold projects."It's a rare occurrence when a company controls a dominant positio...Read More
At the construction announcement for the Odyssey ramp at the Canadian Malartic mine in Quebec. Credit; Canadian Malartic Mine Joint-venture partners Agnico Eagle Mines and Yamana Gold will begin construction on an underground ramp at their Canadian Malartic open pit mine, 25 km west of Val-d'Or, Quebec in August.The Odyssey ramp is expected to take two years to build, and will eventually allo...Read More
Clearwater base camp, Quebec. Image from Eastmain. Auryn Resources is acquiring Eastmain Resources in an all-share deal valued at C$121 million to create Fury Gold Mines. "Fury Gold will combine the high-grade gold projects: Committee Bay in Nunavut, Homestake Ridge in B.C. and Eau Claire in Quebec, to offer investors a robust, Canadian, gold-focused exploration and development company," Ivan...Read More
Aluminium billet premiums inched up in the United States, Europe and Brazil on Friday July 31 due to stronger demand, while weak demand in Asia kept the Thailand billet premium unchanged.US premium up near nine-month highItaly, Germany premiums inch upBrazil premium up on gradual demand recoveryThailand premium holds in quiet conditionsUS premium climbsFastmarkets assessed the aluminium 6063 extru...Read More
The three-month zinc price on the London Metal Exchange was the standout performer at the close of trading on Friday July 31, breaching nearby resistance in a continued incline over the day, while sideways trading in LME copper futures kept the metal's outright price firmly near the $6,400 per tonne threshold. Zinc's outright price on the LME closed at $2,318.50 per tonne on Friday afternoon, with...Read More
Fastmarkets' copper concentrates treatment and refining charge (TC/RC) index retreated on Friday July 31 due to continued supply concerns related to Covid-19 shutdowns after more copper producers cut their 2020 production guidance this week. Traders are offering clean copper concentrates into the Chinese market in the high $40s per tonne / 4cents per lb and deals have been heard at that level. A...Read More
Bob Moriarty ArchivesAug 1, 2020I suspect we have either started the correction I have been predicting or are about to. Silver spiked as it does every time it makes a temporary top as both metals show signs of schizophrenia not knowing just which direction to go in next.We have way too many bulls and the cries of “short squeeze” have gotten shrill as they do with every top, temporary o...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday July 31.China - Seaborne manganese ore prices tick higher after 11 weeks of declines. Some miners held their offer prices steady for September shipments amid good buying appetite. Buyers place orders for fear of missing out on material now that prices are considered lower risk. - Portside ore prices...Read More
More than 90% totalling $4.2 billion was paid in Brazil, where the bulk of its operations are located.The company said the total amount paid corresponded with more than 10% of its total economic contribution last year, estimated at about $31.8 billion, besides operational costs, salaries and employee benefits, among others.The report sets out the principles behind Vale's approach to tax and invest...Read More
A summary of Peru-based miner Buenaventura's production figures and financial results for the second quarter of 2020, as stated in its earnings report published on Thursday July 30.In brief Mine production fell sharply during the second quarter from a year before, because units had to be closed to comply with the state of emergency declared by the Peruvian government in light of the Covid-19 pande...Read More
Adam HamiltonArchivesJul 31, 2020 The gold miners' stocks have rocketed higher this summer, smashing out of their usual summer-doldrums sideways grind. That atypical strength has been driven by gold steadily marching to major new secular highs, fueled by strong investment demand. This has carried gold stocks and the metal they mine back to their traditional strong season, which begins with robust...Read More
Fastmarkets' copper concentrates treatment and refining charge (TC/RC) index retreated on Friday July 31 due to continued supply concerns related to Covid-19 shutdowns after more copper producers cut their 2020 production guidance this week. Traders are offering clean copper concentrates into the Chinese market in the high $40s per tonne / 4cents per lb and deals have been heard at that level. A...Read More
* Q2 profit down 70% y/y, revenue down 31% y/y * Sees no improvement in Q3 sales and profit from Q2 * Does not reinstate full-year earnings guidance* Share repurchases to remain suspended this year (Adds CEO's quote, details from earnings call, updates shareprice)By Rajesh Kumar SinghCHICAGO, July 31 (Reuters) - Caterpillar Inc onFriday predicted no improvement in equipment sales, an outlookthat s...Read More