The TSX Composite Index has risen consistently for the last two months. Many top TSX stocks have shown a notable surge from their record lows in March. However, it will be interesting to see whether these stocks could maintain gains. Rising recession fears and uncertainties on the pandemic front pose a significant threat to the current market rally.So, how can investors protect their portfolios fr...Read More
For the last two years, I have been writing about adding gold to your portfolio to protect against economic uncertainty. These stocks have done very well, doubling or more over the past year. Continued strength in gold prices should continue to drive prices higher in the coming months or even years.That is great for people who’ve invested early on, but it does not help curious investors deci...Read More
Superior's Fusion Platform system. Credit: Superior Industries. Superior Industries, a manufacturer and global supplier of bulk material processing and handling systems, is offering a new series of modular plants for aggregate crushing, sorting, sizing and washing applications.Known as Fusion Modular Platforms, these pre-engineered, ready-to-build systems still allow customization to achieve best...Read More
Aerial view of the Windjammer gold zones at Moneta's Golden Highway project in northern Ontario. Image from Moneta. Stepout drilling is expanding Moneta Porcupine Mines' Windjammer South deposit, part of its Golden Highway project, 110 km east of Timmins, Ontario.The company released four drill holes totalling 2,115 metres from the project that extended gold mineralization over 500 metres west a...Read More
Canadian Malartic mine in Quebec is currently on care and maintenance. Image from Agnico Eagle. Wordwide, mining companies are facing disruptions in supply chain, parts and consumables as a result of near-global government directives to contain the covid-19 pandemic. Suspension or reduction of mining activity isexpected to lead to lower guidance from companies, according to EY's Q1 miningperform...Read More
Exploration camp at Fisher before the 2017 burn. Credit: Taiga Gold Corp. Taiga Gold (CSE: TGC) has received a report from SSR Mining (TSX, NASDAQ: SSRM) containing partial drill results for the Q1 2020 drill program on the Fisher property, which is wholly owned by Taiga and under option to SSRM.The Fisher project is located 125 km east of La Ronge, Saskatchewan, contiguous to the north, south an...Read More
Mother Lode project. Image courtesy of Corvus Gold. Corvus (TSX:KOR) shares traded up 10% on the TSE on Thursday after the company announced a new discovery below its Mother Lode deposit in Nevada.The company discovered the CIZ zone, an oxidized intrusive dyke swarm below the Mother Lode late last year hitting 50.3m at 1.5 grams per tonne gold, followed by 41m at 1.6 grams per tonne in January.Co...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 14 that are worth another look.ArcelorMittal Kryvyi Rih, Ukraine's major long steel producer, has decommissioned the first section of its blooming plant as a part of a strategy for sustainable development, the company said on May 14.The European Commission's (EC) prior surveillance of imports of certain aluminium products orig...Read More
The three-month price of lead on the London Metal Exchange was higher at the close of trading on Thursday May 14, with buying momentum pushing the metal's outright price above the $1,600 per tonne threshold, while the LME nickel price held above $12,000 per tonne despite a 1.4% downturn over the afternoon.Lead's underlying price on the LME closed at $1,619 per tonne on Thursday afternoon, climbing...Read More
Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama edged down 0.4% month on month at the end of March 2020, according to data released by major Japanese trading house Marubeni Corp.Total aluminium stocks at the three ports totaled 297,100 tonnes on March 31, down by 1,300 tonnes or 0.4% from the end of January, figures released on Friday April 3 showed. T...Read More
Norges Bank said yesterday it had decided to exclude Sasol Ltd, RWE AG, Glencore (LSE: GLEN), AGL Energy Ltd and Anglo American (LSE: AAL) from the Government Pension Fund Global after an assessment against coal criteria.It has placed BHP (ASX: BHP) and four other companies on an "observation list" following their assessment against the product-based coal criterion.In a separate announcement, the...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 14 that are worth another look.ArcelorMittal Kryvyi Rih, Ukraine's major long steel producer, has decommissioned the first section of its blooming plant as a part of a strategy for sustainable development, the company said on May 14.The European Commission's (EC) prior surveillance of imports of certain aluminium products orig...Read More
Monday marks the fifth anniversary of the company's ASX listing after it was demerged from BHP.Read More
Daye Nonferrous has maintained its mission to construct a brand new copper smelting facility despite the uncertain outlook for commodity demand and price volatility, Fastmarkets understands.The Hubei-based company officially started the construction of a 400,000 tonne-per-year 'double flash' copper smelter on Tuesday May 12.A ceremony was held on the day, joined by representatives of its parent co...Read More
It said Mexico's tax authority, Servicio de Administracion Tributaria, had "exhibited a total disregard for the applicable provisions of three separate double taxation treaties" and had unlawfully opted to ignore an advanced pricing agreement, governing the tax on silver sales between 2010-2014 by its subsidiary Primero Empresa Minera.The silver miner said its efforts to resolve the dispute had be...Read More
Newmont is to begin ramping up operations at its Pe??asquito lead-zinc-silver mine in Mexico on Monday May 18 following the government's designation of mining as an essential activity. The start-up of Pe??asquito is expected to take roughly two weeks to reach stable production levels, the Colorado, United States-based producer said. "As we begin to ramp up, Newmont will provide an update on the co...Read More
By: Ira EpsteinGold chart action shows the triangle forming, the apex with the bulls in the control at its downtrend test..Read More
The mirage of quick growth vanished and realty bite came after Federal Reserve chairman Powell dashed hopes an early US economic recovery. He also struck down any chances of negative interest rates. Gold rose as a result. There was short covering in gold as well. At the moment gold looks headed for $1760. Silver will follow the trend of industrial metals. Overall sharp correction in silver will...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 14 that are worth another look.ArcelorMittal Kryvyi Rih, Ukraine's major long steel producer, has decommissioned the first section of its blooming plant as a part of a strategy for sustainable development, the company said on May 14.The European Commission's (EC) prior surveillance of imports of certain aluminium products orig...Read More
Cobalt metal prices in China continued to rise during the first half this week following strength in local cobalt futures, which are partially being supported by an upturn in the cobalt sulfate market and fresh buying interest from investors.Fastmarkets' price assessment for cobalt 99.8% Co min, ex-works China was 240,000-250,000 yuan ($33,839-35,249) per tonne on Wednesday May 13, up by 5,000 yua...Read More