Gold prices finally edged lower on Tuesday, still remaining above the threshold of $1,800 they were able to break last week. As the U.S. dollar strengthened, although worries over surging coronavirus cases globally and US – China tensions remain, spot gold was down 0.1% at $1,801.11 per ounce by 0647 GMT. U.S. gold futures fell 0.6% to $1,804. "We are seeing pressure on risk assets given th...Read More

If you are at all concerned with the amount of government debt and spending in the world today, you need to buy gold. Gold is the ultimate hedge against inflation. This fact is evidenced by the price action of gold over the past 20 years. When banks printed money to postpone the financial in 2008, gold shot up to over US$1,800 an ounce in the following years.Sure, gold fell back for a while. Over...Read More

I would certainly classify my broad view of the stock market today as bearish. I do not buy into recent into the recent rally we’ve seen from March lows. Also, I expect we’ll see significant further downside on the horizon in the coming quarters.That said, there are varying levels of every perspective. In this article, I’m going to consider the potential outcome of a 1930’s...Read More

(Stock Image) Building resilience is the top priority for the mining and metals industry in H2 2020, while market weakness is the top risk, a survey conducted by global law firm White & Case with 67 senior decision-makers revealed. The 2020s are set to be a serious transition period for the mining industry, they say. After two decades of supercharged Chinese growth and omnipresent concerns about...Read More

Island Gold mine - Image courtesy of Alamos Gold Based on the strong economics of the Phase III Expansion study for the Island Gold mine in Ontario, which includes a new 1,373-metre shaft, Alamos Gold announced that it is proceeding with an expansion of the underground mine to 2,000 t/d, up from 1,200 t/d currently.The expansion study outlined average annual gold production of 236,000 oz. annua...Read More

Pebble project in Alaska. Image courtesy of Northen Dynasty Minerals Ltd. Northern Dynasty Minerals (TSX: NDM) subsidiary Pebble Limited Partnership issued a public statement in Alaska on Wednesday on the pending release of the final environmental impact statement (EIS) for the Pebble project.Pebble Partnership CEO Tom Collier said he expects the final EIS to be published in the Federal Register...Read More

Image courtesy of Nyrstar Covid-19 has impacted the mining industry across the globe as lockdowns and travel restrictions forced companies to halt or scale down operations, suspend work on projects, and re-opening plans are scuppered by fresh outbreaks.S&P Global Market Intelligence in a new report measures the impact of these mine closures and project delays, showing Latin America is the harde...Read More

Stock Image. The US coal industry has weakened after taking the brunt of lower electricity demand and is now highly vulnerable to resurgent covid-19 infections that could further reduce demand for coal in a downside scenario, Moody's Investors Service said in a report published on Wednesday. The credit rating agency expects a 'very weak' second-quarter earnings for coal producers. "In 2020, dema...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 15 that are worth another look.Polish coking coal miner Jastrzebska Sp??lka Weglowa (JSW) is looking for financial aid to support operations badly affected by the Covid-19 pandemic, the company said on Wednesday July 15.Part of the Nchanga copper mine in Zambia collapsed during the morning of July 15, as operator Konkola Cop...Read More

A persistent backwardation in tin's forward curve on the London Metal Exchange pressured the tin premium in Europe in the two weeks to Tuesday July 14; meanwhile, premiums in all other regions assessed by Fastmarkets were unchanged.LME tin price climbs, but backwardation inhibits European tradeUS tin premiums flat despite surging Covid-19 casesExcess Chinese supply outweighs arbitrage opportunitie...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday July 15.Please click...Read More

McClellan Financial Publications, IncPosted Jul 15, 2020Jul 10, 2020The stock market rally went into pause mode in June, or at least that is the case as measured by the SP500’s behavior.But traders are still piling into the tech stocks which dominate the Nasdaq 100 Index.The operative logic is to chase what is working, for as long as it is working.And that logic is working at the moment.The...Read More

"This financing is a very important milestone that substantially de-risks the company and allows us to further expand all of our activities with a view to fast-tracking the timeline to maiden resource, PEA and further project development of the Twin Hills area of the Karibib gold project," CEO Heye Daun said.Osino has described Twin Hills as a grassroots discovery in an old gold district, where it...Read More

Part of the Nchanga copper mine in Zambia collapsed during the morning of Wednesday July 15, as operator Konkola Copper Mines had earlier predicted that it would.The cave-in happened at 8:30am local time, affecting 3 million tonnes of material in an area 370 metres around the epicenter of failure in the open-pit Nchanga mine, KCM said on Wednesday.It had previously forecast that the collapse would...Read More

Nelson expects domestic thermal coal demand to drop 30% in 2020. "We expect very weak second-quarter earnings for coal producers under our current baseline scenario.Read More

The African National Congress' Economic Transformation Committee's "Reconstruction, Growth and Transformation" document, released last week, had suggested encouraging JSE listings, incentives for investing in mining exploration and resolving regulatory uncertainty.It had reaffirmed South Africa remained a global mining powerhouse but also acknowledged the falling levels of investment in exploratio...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce that the Company has entered into a new alliance with Hyperion Partners, a leading master agent who specializes in mobility across all national wireless carriers.Marc Seelenfreund, CEO of Siyata Mobile, states, "We are very excited for this new alliance as it will expan...Read More

Trevali has begun the restart of its Santander mine in Peru, two weeks after an outbreak of Covid-19 cases led to a shutdown there, the company said.The mine, which produces zinc and lead concentrates, had initially locked down on June 26 after several workers tested...Read More

Gold will break free from the recent consolidation phase and form a new range. Silver is bullish. Copper and crude oil are in a neutral zone to bullish zone. Better to remain on the sidelines today. A weaker US dollar will ensure that all metals rise before close. Trump has ended special status to Hongkong. (to me Hongkong is a part of China just like Palestine belongs to Palestinians and not to...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 15 that are worth another look.Polish coking coal miner Jastrzebska Sp??lka Weglowa (JSW) is looking for financial aid to support operations badly affected by the Covid-19 pandemic, the company said on Wednesday July 15.Part of the Nchanga copper mine in Zambia collapsed during the morning of July 15, as operator Konkola Cop...Read More