Callinex Pine Bay project in Manitoba Image from Callinex. Callinex Mines (TSXV: CNX) announced on Tuesday that it has commenced its 2020 summer drilling campaign at its Pine Bay project in Manitoba.The campaign will complete up to 1,500m of drilling at the project to test two newly identified Borehole Pulse Electromagnetic anomalies ("BPEM").The anomalies are interpreted to be off-hole from sulp...Read More

Vale do Rio Doce, Minas Gerais, Brazil Credit: Wikipedia. High prices of iron ore and gold will help the mining industry in Brazil to keep revenues in 2020 similar to 2019, despite the impact of the novel coronavirus, according to the Brazilian mining association (Ibram).In Q2 2020, mining companies reached a production value of R$39 billion ($7.5 billion), an increase of 9% over Q1. Iron ore rep...Read More

Being a gold bug has been great the last little while. The only thing better has been being a silver bug. Whether you own silver bullion, silver ETF's, silver stocks or silver trusts, that $20 dollar price tag has brought tears of joy to all those of us whove been long silver. But most important for silver bugs was news today July 20, 2020 that Sprott Silver Trust has just filed to raise $1.5 bill...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 21 that are worth another look.Two separate strikes at ArcelorMittal steelworks in northern Spain have had little or no impact on output, the company said on July 21.Maersk Line, the world's biggest shipping line by cargo capacity, will stop handling scrap cargoes destined for mainland China and Hong Kong due to policy uncerta...Read More

Aluminium premiums in the US Midwest and in Rotterdam rose on Tuesday July 21 following a wide contango on the London Metal Exchange, while premiums in Asia were flat.A wide contango and uncertainty about tariffs affecting Canada pushed the US Midwest premium to its highest since April.Slightly bullish sentiment, contango continued to support premiums throughout Europe.Premiums in Asia were steady...Read More

London Metal Exchange three-month base metals prices universally closed up on the previous day on Tuesday July 21, bolstered by the announcement on the European Union's ?,?750 billion ($857 million) fiscal package to fight the fallout of the global Covid-19 pandemic. The approval of the EU's recovery fund is expected to shore up a large amount of liquidity, which market participants anticipate wil...Read More

Bob Moriarty ArchivesJul 21, 2020I do hope my readers by now understand that we have entered the Greatest Depression. Infourteen weeks some 51.3 million Americans filed for unemployment.Many will not be returning to their original job as it no longer exists as airlines, major chains, restaurants and cruise ships entered bankruptcy. This is not the beginning of the end of the depression; indeed it...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJuly 21, 2020 Gold looks superb, silver looks better, and the miners look best of all. These are the main facts for investors to keep in mind at this point in “gold bull era” time. Pleaseclick here now. Double-click to enlarge this “breakout over $1800”gold chart....Read More

Spot gold was worth US$1,841.50 an ounce at the time of writing and silver $22/oz."Gold has managed to break through the $1,818 mark this week, as this precious metal pushes into a fresh eight-year high on the way to the [September 2011] $1,921 record high," London-based IG senior market analyst Joshua Mahony said yesterday."The wider bullish trend continues apace with this breakout, where further...Read More

Iron ore production on an attributable basis was 248 million tonnes for the year, or 281Mt on a 100% basis, meeting guidance of 242-253Mt or 273-286Mt, respectively.Read More

"We want the molecular tests to discard the disease; the workers are very afraid as they have been exposed to positive cases which are now isolated in the camp within the mine and some were taken to nearby hotels. If there is no solution we are going on strike," said Ernesto Amas, general secretary of the La Arena union.Pan American said in a statement Monday it was putting its Huaron and Morococh...Read More

Mark O'Byrne, GoldCoreDelighted to have been asked to speak on the Market Musings Podcast recently. Just click on the play button below to listen."Market Musings welcome the founder and research director Mark O'Byrne from GoldCore. When it come to gold and silver Mark is your man. He explains how gold has a tried and tested performance as a store of wealth over centuries, and why he thinks every...Read More

Ira EpsteinCentral Banks coming out this week and next week with policy meetings. The weekly gold chart makes another new high. Gold bias is up, trend is up, resistance remains the upper Bollinger band around $1831:Read More

Only covid vaccine hopes has resulted in global stock markets rising. Silver has to trade over $2020 today to rise quickly. Gold is rising from factors such as US imposing ban on certain Chinese companies due to its treatment of Muslim minorities and US presidential election drama. UK Pound should rise after Bank of England governor said that UK has recovered half of its output lost in March-Apr...Read More

Ferroglobe has appointed Craig Arnold as its new chief commercial officer, effective immediately, in the second addition to its senior sales team this year of someone from a high-purity silicon background. "Mr. Arnold succeeds Jeff Watson, who chose to step down from his position to pursue other interests while being closer to his family in the United States," London-based Ferroglobe said on July...Read More

(Corrects attribution in 13th paragraph) * Silver hits more than four-year peak* Palladium reaches highest in nearly three months * Global shares gain on EU recovery fund and vaccine hopesBy Eileen SorengJuly 21 (Reuters) - Gold rose more than 1% to a nine-yearhigh on Tuesday, propelled by a softer dollar and expectationsof more stimulus measures to resuscitate pandemic-hit economies,while silver...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 21 that are worth another look.Two separate strikes at ArcelorMittal steelworks in northern Spain have had little or no impact on output, the company said on July 21.Maersk Line, the world's biggest shipping line by cargo capacity, will stop handling scrap cargoes destined for mainland China and Hong Kong due to policy uncerta...Read More

Ferrous scrap prices in Mexico fell this week amid a weak steel market performance and increasing inventories, sources told Fastmarkets. Low steel production in the country sent scrap stocks higher during the week.Efforts to reduce prices in the country became more widespread last week, with more steelmakers cutting buying prices and additional sellers affected by previously announc...Read More

Turkish steel mills took a break from deep-sea scrap purchases Tuesday July 21, but still expected to book more cargoes for August and September shipments, sources told Fastmarkets.The most recent booking was from the Baltic Sea region, sold on Monday July 20 at $265 per tonne cfr on HMS 1&2 (80:20) basis. This compared with the previous Baltic Sea cargoes sold at the end of last week...Read More

Markets were for the most part stronger this morning, Tuesday July 21, encouraged by the ?,?750 billion ($858 billion) recovery fund that European Union leaders agreed on in the early hours of this morning. Markets were also being boosted by hopes that progress is being made on Covid-19 vaccines and ongoing concerns about supply disruptions, while participants seem content to look past the current...Read More