Callinex Mines (TSXV: CNX; US-OTC: CLLXF) is preparing to follow up on two silver discoveries made at its Nash Creek project last year in the Bathurst mining district of New Brunswick.Personnel and a drill rig are being mobilized to commence an up to 4,000-metre drilling campaign to drill test 10 km of the 18 km Black Point Arleau Brook fault, the company announced today.This drill program will...Read More
Demand for tin used in electronics soared to record highs in the first half of 2021, outpacing supply and underpinning a more than 52% price rally on the London Metals Exchange in the past six months, new analysis by IndexBox, Inc. shows. A deficit in shipping containers caused delays in deliveries from Southeast Asia and Latin America while the pandemic spurred a decline in unrefined tin exports...Read More
Miner and commodities trader Glencore (LSE: GLEN) is buying out partners Anglo American (LSE: AAL) and BHP's (ASX, LON, NYSE: BHP; LSE: BHP; ASX: BHP) stakes in the Cerrej??n thermal coal mine in Colombia, defying previous reports that said it was looking to walk away from the asset.The Swiss company expects to pay US$588 million in cash for the combined 66.6% stake owned by Anglo and BHP when...Read More
The Dow Jones Industrial Average jumped 3.37% to finish the week at 34,433.84 and the S&P 500 climbed 2.74% to 4,280.70. Spot gold increased by US$17.70 per oz., or 1%, to US$1,781.50 per ounce. Rio Tinto rose US$3.98 to US$85.02 per share. The company has partnered with French electrical equipment group Schneider Electric to utilise each other's materials and services, the companies said on Ju...Read More
The S&P/TSX Venture Composite Index rose 0.18% to finish the trading week at 948.51. Spot gold increased by US$17.70 per oz., or 1%, to US$1,781.50 per ounce.New Found Gold rose 63 ? to $12.08 per share. The company released the latest assays from the Lotto zone at its 100%-owned Queensway gold project in Newfoundland, 15 km west of Gander. Highlights included drillhole NFGC-21-201, which inters...Read More
The S&P/TSX Composite Index rose 1.15% to 20,230.26 during the June 21-25 trading week. The S&P/TSX Global Mining Index climbed 2.53% to 106.87, and the S&P/TSX Global Base Metals Index soared 6.40% to 168.29. Spot gold increased by US$17.70 per oz., or 1%, to US$1,781.50 per oz., and the S&P/TSX Global Gold Index fell 1.44% to 294.17.Equinox Gold fell $1.02 to $8.84 per share. On June 22, the co...Read More
The European Commission (EC) officially confirmed the move to extend the existing safeguard measures on imported steel into the European Union by three years in an announcement made late afternoon on Friday June 25.The measures imposed on 26 steel products imported into the EU will remain in place until June 30, 2024, with quota volumes for the products increasing by 3% year-on-year, the commissio...Read More
Russian aluminium will carry an export duty of 15% plus $254 per tonne from August 1 through December 31, the Russian government's press service confirmed.Export duties were approved on 340 non-ferrous and steel products, after Russian Prime Minister Mikhail Mishustin signed an official decree last Friday June 25. Primary aluminium, under harmonized system code 760110, will also be taxed.Some more...Read More
Perpetua's sustainable mining to bring only US antimony supplySPONSOREDperpetua resourcesArgentina: the future of uraniumSPONSOREDblue sky uraniumE3 Net-Zero Lithium: the next generation of lithium productionSPONSOREDe3 metals corpOrford's summer news flow forecast to flood inboxesSPONSOREDorford miningThe base metal play is chicken feed for a company the size of Anglo American but its fin...Read More
Gold price flatRead full newsRead More
Mine worker in Northern Territory who tested positive is believed to have caught virus in hotel quarantine in QueenslandRead full newsRead More
VANCOUVER, BC, June 22, 2021 /CNW/ - Nevada King Gold Corp. (TSXV: NKG) ('Nevada King' or the 'Company') is pleased to to announce it has commence...Read full newsRead More
Aldebaran Resources Inc. is pleased to announce that the Company's common shares commenced trading today on the OTCQX (R) BesRead full newsRead More
Gold has proven its value time and again. Last year, gold revived several portfolios from the economic turmoil that we went through. However, gold has not been performing well lately. Its lustre appears to be losing its value with long-term investors, as growth stocks are revived as the investment of choice for many investors right now.Accordingly, now may be the time to start considering some out...Read More
Answering questions by a special House subcommittee yesterday, Federal Reserve Board Chair Jerome Powell admitted that inflation in the U.S. has risen to levels higher than previously expected, before reiterating the Fed's stance that higher inflation is only temporary."I will say that these effects [inflation] have been larger than we expected," the Fed chair told lawmakers, "But the incoming dat...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday June 29 that are worth another look....Read More
All prices on the London Metal Exchange except for copper finished the day on June 29 at higher prices than Monday, with lead showing the biggest gains and setting a new year-to-date high, and aluminium up by 2.5%.Copper was the only price to close lower on Tuesday, falling 0.6% to $9,334.50 per tonne from Monday's $9,388 per tonne. The three-month price of lead rose by 3.2% to $2,305 per ton...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJune 29, 2021 Over time, America’s most accurate deflation-oriented economist has probably been Lacy Hunt... Yet even Lacy is open to the dire hyperinflationary scenario that can happen as a government promotes the use of ever-more debt as a scheme to promote “world leader&rdqu...Read More
Tin demand is likely to exceed 400,000 tonnes per year by 2025, while supplies from greenfield projects and recycled material are not expected to keep pace, leading to a deficit over the next decade, according to the International Tin Association (ITA).At an ITA seminar on Tuesday June 29, delegates heard that tin demand for 2020 was calculated at 355,200 tonnes, with more than 50% being used for...Read More
McClellan Financial Publications, IncPosted Jun 29, 2021Jun 24, 2021Anyone can look at the VIX to get sentiment indications about the stock market.That’s beginner stuff, although still pretty good.The real fun lies in going deeper into data that no one else looks at to find the fun insights. This week’s chart shows the total open interest in VIX futures.VIX futures first traded in 2004...Read More