The price of gold recently surged past US$1,840 per ounce, hitting a nine-year high and closing in on the 2011 record above US$1,900.Analysts widely expect gold to top US$2,000 in 2020. A run to US$2,500 might even occur. This has investors wondering which gold miners might be top picks to add gold exposure to their TFSA or RRSP portfolios.Recent rallyGold bulls definitely have momentum on their s...Read More

Jul 22, 2020 Guest(s): Marc Chandler Chief Market Strategist, BannockBurn Global Forex Gold prices have seen an incredible surge of momentum with prices pushing to a fresh nine-year high above $1,850 an ounce and one market strategist sees gold prices moving higher through the rest of the year.Marc Chandler, chief market strategist at Bannockburn Global Forex has been bullish on gold since the s...Read More

Marathon Gold geologists examining quartz-tourmaline-pyrite-VG veining at the Frank zone at Valentine Lake. Credit: Marathon Gold. Step-out drilling at Marathon Gold's Valentine gold project in Canada's Newfoundland province has extended the Berry zone to the northeast, to a drill-tested strike of 450 metres.The company's latest release includes the assays from 10 holes completed at the Berry a...Read More

On April 15, 1998, I got in a terrible car crash...It was a beautiful Spring day and I was driving home from school in my prized 1994 Ford Probe. In what seemed like slow motion, a classmate's red Chevy Camaro blew past a stop sign and directly into my path. There was no time for me to even hit the brakes, so I T-boned him at full speed - shattering his tibia and sending his four seatbelt-less pas...Read More

Workers in the core shack at the Namdini gold project. Credit: Cardinal Resources. Australia-based Cardinal Resources (ASX, TSX: CDV) announced on Wednesday it has received an improved takeover offer from China's Shandong Gold.The new proposal from Shandong Gold follows a recent takeover bid launched by Russia's Nordgold, whose chairman is currently Cardinal's largest shareholder. The Russian min...Read More

Recessions are scary. It makes it even more so that this one is triggered by a contagious virus that affects the whole world. Further, no one knows how long the pandemic is going to affect the economy, our lives, and our livelihoods.Canada’s unemployment rate was higher than 12% last month. If you count the people who wanted to work but gave up looking and those who are working less than the...Read More

Pure Gold's Red Lake mine site. Image from Pure Gold Mining. Pure Gold Mining has received an amended air and noise permit for its mine in Red Lake, Ontario, which features a processing production limit of up to 1,089 tonnes per day.The amended environmental compliance approval specifies the air and noise limits for mining and milling operations at PureGold's site."Since first acquiring the proj...Read More

Workers at El Teniente, Chile. Image from Codelco. No large-scale industry operates in quite as far flung and remote locations as mining does, which increases the potential of the pandemic to significantly impact global metal and mineral supply chains.A new report by management consultants PwC says the global mining industry "managed to weather the first phase of the crisis relatively unscathed":...Read More

Jul 22, 2020 Guest(s): Carley Garner Co-founder, DeCarley Trading Gold and silver markets are surging higher with prices hitting fresh nine-year and six-year highs, respectively, and one market analyst sees room for silver to surpass gold through the rest of the year.In an interview with Carley Garner, founder of the commodity brokerage firm DeCarley Trading, she said that she continues to pay a...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 22 that are worth another look.Russia's largest steelmaker, Novolipetsk Steel (NLMK), has suspended rolling operations at its subsidiary in the Ural region due to a flood, the company said earlier this week.Rio Tinto has formally complained...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday July 22.Please click...Read More

Bob Moriarty ArchivesJul 22, 2020Blackrockannounced the first drill results from their latest program at their 100% controlled Tonopah West silver project in Nevada.Hole TW20-001 showed two massive silver intercepts. The highest grade was the 2,198 g/t Ag over 3.04 meters.(Click on images to enlarge)Another layer that was the actual target of the drill hole reported 29 meters of 965 g/t Ag where i...Read More

Despite the worsening effects of the Covid-19 pandemic, Western participants in the global nickel markets saw hopeful signs, while a lack of arbitrage kept Chinese trading at a low level.Some "desperate" selling in the United States was considered to be isolated.European market participants expected a post-summer pick-up, and a boost from nickel briquettes being listed on the Shanghai Futures Exch...Read More

Exports of manganese ore from South Africa are on track to almost quadruple from April to July, according to preliminary unofficial data seen by Fastmarkets, and the majority will head to China, where inventories are already rising and prices have fallen sharply.South Africa will export almost 2 million tonnes of manganese ore in July from around 500,000 tonnes in April when South Africa was under...Read More

Summa yesterday announced an C$8 million placement at $1 per unit, saying it was expected to include a lead order of $5 million from Sprott.He had joined the register in the company's first financing, a May $5 million placement at 25c per share."This financing represents another landmark for Summa Silver and we very much appreciate the strong and continued support from Mr Sprott," CEO Galen McNama...Read More

The deal is valued at up to C$48 million, comprising a payment of $7.4 million from Waterton for its interest and a $3.3 million refund for Karora's share of cash held within the Dumont joint venture for total payment of $10.7 million. The balance is made up from any future proceeds of a possible Dumont sale or other monetisation event for which Karora will be entitled to 15% of the net proceeds c...Read More

United States aluminium producer Alcoa Corp will supply low-carbon aluminium rolling slab to Gr??nges AB as part of the Sweden-based rolled products producer's goal of cutting carbon emissions across its supply chain. Produced at hydroelectric-powered aluminium smelters, Ecolum slab is part of Alcoa's Sustana range of low-carbon products and guarantees no more than 2.5 tonnes of carbon dioxide (CO...Read More

The COVID-19 podcast interviews are part of Mining Journal's Stakeholder Engagement programme, a 12-month campaign focused on helping the mining industry better understand and engage with key stakeholder groups. Find out more here."Miners tend to be dominant within a local economy so there's an opportunity to take leadership at a local level," he told Mining Journal as part of its Stakeholder...Read More

A summary of aluminium and alumina producer Hydro's second-quarter 2020 results.In brief Underlying earnings before interest and taxes (Ebit) for the second quarter was 949 million Norwegian krone (US $104.29 million), compared with 875 million krone for the same quarter in 2019.Revenue was down to 30.9 billion krone from 39.1 billion krone in the second quarter of 20...Read More

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