Vale said it is keeping its monthly production forecast at Itabira at 2.7 million tonnesRead full newsRead More
The nation is working with other G20 members to carry out the G20 debt relief initiative for low-income countries.Read full newsRead More
Now every time 210,000 blocks are cleared, Vijay says, the value halves. So, after the first 210,000 blocks, it became 25 bitcoins; at 420,000 it became 12.5, and now at 6,30,000 it is 6.25.Read full newsRead More
Looking to add a golden glow to your portfolio? There's more than one way to go.Read full newsRead More
Adamera Minerals Corp. and Hochschild Mining PLC are pleased to aRead full newsRead More
Latin Metals Inc. ("Latin Metals" or the "Company") (TSXV:LMS) (OTCQB:LMSQF) provides an update on the status of the Company's various gold, copper and silver exploration projects in Argentina.Read full newsRead More
GoldSpot Discoveries Corp. is pleased to announce that due to itsRead full newsRead More
Great Bear Resources Ltd. today reported results from its ongoingRead full newsRead More
Gold is attempting to make a comeback as it emerged above $1,700 at the beginning of the week. With the market mood worsening the S&P 500 corrected lower after previously erasing its gains for 2020. All data points to the precious metal continuing to attract buyers. Although the global pandemic and growing concerns regarding a new trade way between US and China may have thrown major stock mar...Read More
Money just isn’t worth what it used to be. Inflation has been eating away our purchasing power for years. Just 20 years ago, a basket of goods that cost $100 would cost almost $144 today!In the last few months, inflation isn’t the only phenomenon reducing the value of money. As of late May, “The federal government’s latest projection of how much it will spend on direct supp...Read More
Cangrejos project mine camp. (Image courtesy of Lumina Gold.) An updated preliminary economic assessment (PEA) for Lumina Gold's Cangrejos gold-copper project in southern Ecuador has added nine years to the mine life and improved economics while increasing the initial capex to $1 billion from $831 million.The extended mine life for the open pit project, in Ecuador's El Oro province, comes from i...Read More
TSM Excellence Awards 2020. Agnico Eagle Mines and Cameco are this year's recipients of the Mining Association of Canada's (MAC) Towards Sustainable Mining (TSM) Excellence Awards, which recognize innovative sustainability projects focused on community engagement and the environment.The TSM encourages mining companies to meet the demand for minerals, metals and energy products in the most so...Read More
Turn on any news channel and it looks like something out of a work of dystopian science fiction. Gangs of cops, clad in body armor, their faces hidden behind visors and masks, walk the streets. God help anyone who crosses their path. Overhead, a glowing sign looms. A politician's smiling face sits next to a reminder that curfew starts at 8. Military vehicles move in convoys down those same stre...Read More
Drilling at Talisker Resources' 42-sq.-km Bralorne gold project in British Columbia has returned high-grade gold from new veins as well as from existing structures.Of the three holes in the most recent release, two returned high-grade intercepts. Hole SB-2020-004 was drilled around the past-producing Pioneer mine and returned 0.5 metres of 27.6 g/t gold starting at 320.5 metres as well as 0.5 me...Read More
Tiananmen in Beijing. Stock image. China could move to re-invest in its mining industry to secure its resource base in the post-covid-19 world, according to a new report from Fitch Solutions.The pandemic shed light on supply chain weaknesses in general and on international dependence for strategic products. The issue is even more crucial in China, where the metals industry is largely reliant on o...Read More
Tesla Motors' entry level Model 3 electric vehicle. Image from Tesla Motors. BloombergNEF, the primary research service for Bloomberg, is forecasting an 18% drop in electric vehicle (EV) sales this year due to disruptions to battery metals supply chains from the covid-19 pandemic.It has lowered its forecast for EV sales this year to 1.7 million vehicles, a 27% drop from its earlier forecast.The d...Read More
Here are five Fastmarkets stories you might have missed on Tuesday June 9 that are worth another look.The future of the global long steel market remains uncertain because of both the impact of the covid-19 pandemic and rising protectionism, with no recovery expected in the third quarter of this year, the International Rebar Producers & Exporters Association (Irepas) said last week.Ferrous scrap pr...Read More
The main Japanese ports (MJP) premium edged down during the week to Tuesday June 9 on lower offers, while premiums in the rest of Asia, Europe and the United States maintained their levels on steady fundamentals.MJP premium weakens while third-quarter negotiations are under wayRotterdam premiums flat, supported by contangoUS Midwest premium unchanged in lackluster marketMJP premium pressured down...Read More
The LME three-month copper price was higher at the close on Tuesday June 9, breaching nearby resistance at $5,700 per tonne against strong turnover, while selling pressure saw nickel futures fail to finish above $13,000 per tonne. Copper's outright price on the London Metal Exchange closed at $5,774 per tonne on Tuesday afternoon, climbing from an intraday low of $5,676 per tonne, while turno...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJune 9, 2020Gold often has a “bad hair day” on Tuesdays, but today (so far) the price action is decent. Pleaseclick here now. Double-click to enlarge.Is the sideways drift in the gold price coming to an end, or is there more churning ahead as the summer begins?What can be said...Read More