Molybdic oxide and ferro-molybdenum prices gained ground in the week to Friday January 8 on a mixture of renewed trader buying interest and limited inventories. Fastmarkets' price assessment for ferro-molybdenum 65% Mo min, in-whs Rotterdam settled at $24.80-25.10 per kg on Friday, up from $24.50-25.10 per kg midweek. The price is up 7.5% since the end of 2020 when it stood at $22.90-23.50 pe...Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesDecade of performance: Pitram delivers diamond standard for Argyle diamond mineSPONSOREDmicromineIn time, EVs will win the race against internal combustion engines (ICE) but it will be a race r...Read More
Equinox Gold (TSX: EQX; NYSE: EQX) beat its revised 2020 production guidance and churned out 477,200 gold ounces last year. With 136,400 oz. generated in the fourth quarter, the company exceeded its prior forecast of 425,000 to 465,000 oz. for the year.The 2020 production numbers included gold poured during the ramp-up and commissioning of the Castle Mountain open-pit mine in California, which rea...Read More
The seaborne prices of both low- and high-grade manganese ore rose sharply in the week ended Friday January 8 after miners successfully raised their offer prices for February shipments with strong buying appetite from the alloy sector. Fastmarkets' manganese ore index 37% Mn, cif Tianjin soared by 41 cents (10%) week on week to $4.53 per dry metric tonne unit (dmtu) on Friday from $4.12 per d...Read More
New Found Gold (TSXV: NFG) has released partial assay results for four holes completed at the Keats zone and for six initial holes completed at the Little-Powerline zone within its Queensway gold project in Newfoundland.The Keats results included high-grade, near surface intercepts. Highlights were 10.4 metres of 22.5 grams gold per tonne from 11.7 metres and 15.9 metres of 31.4 grams gold per ton...Read More
The Government of Mongolia may cancel and replace the development and financial plan for the country's vast Oyu Tolgoi copper-gold mine, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) said today.The company, which is controlled by Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO), said Mongolian authorities are dissatisfied with its plans and are particularly concerned about the costs of the expansion, re...Read More
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) has inked a deal with Glencore (LSE: GLEN) to explore the potential use of the miner and commodities trader's Kidd concentrator and metallurgical site in Timmins, Ontario.The Toronto-based nickel producer would use the facility for the treatment and processing of material mined from its Crawford nickel-cobalt sulphide project, which is located 40 k...Read More
The S&P/TSX Composite Index rose 3.37% to 18,042.07 during the Jan. 4-8 trading week. The S&P/TSX Global Mining Index climbed 7.22% to 109.70, and the S&P/TSX Global Base Metals Index jumped 10.23% to 156.09. Spot gold dropped US$48 per oz., or 2.53%, to US$1,850 per oz., and the S&P/TSX Global Gold Index rose by 1.8% to 321.10.Teck Resources advanced $1.76 to $24.86 per share. The company signed...Read More
The Dow Jones Industrial Average rose 1.61% to finish the week at 31,097.97 and the S&P 500 declined by 1.83% to 3,824.68. Spot gold dropped US$48 per oz., or 2.53%, to US$1,850 per ounce.Rio Tinto jumped US$11.47 to US$86.69 per share. U.S. President Donald Trump's outgoing administration plans to approve a land swap on Jan. 15 that the company and its partners need to build the Resolution coppe...Read More
The sale of electric cars in Norway overtook those powered by petrol, diesel and hybrid engines last year, with German auto-maker Volkswagen replacing Tesla as the top battery-vehicle producer, new data showed on Tuesday.Read full newsRead More
Why Gold Mining Stocks Outperform Gold in Bull Markets Gold is highly revered for its great returns and resilience during economic downturns, ...Read full newsRead More
Renforth Resources Inc. is pleased to provide shareholders with tRead full newsRead More
US$12 million investment to acquire 19.9% of Sayona Mining LimiteRead full newsRead More
There’s finally light at the end of the tunnel. Most of the developed world is rolling out the vaccine, and that means the global economy could rebound sharply in 2021. Luckily, Canadian investors can bet an additional $6,000 on this recovery through their Tax-Free Savings Account (TFSA). Here’s the best way to play this recovery and shield your potential gains from taxes. Ec...Read More
Warren Buffett was pretty cautious with his bets last year following the 2020 stock market crash. And although we can only speculate at this juncture, there’s reason to believe he’ll continue to remain cautiously optimistic in the new year. He didn’t back up the truck on stocks when they nosedived last February and March. If I had to guess, he’s in no hurry to put Berkshire...Read More
I have said several times before that you don’t need a lot of money to participate in the equity markets. Investing smaller dollar amounts regularly in high-quality stocks could help you build wealth in the long term. Here we’ll focus on two high-quality smaller dollar amount stocks you can buy for less than $30. These companies have strong fundamentals and ample growth catalysts...Read More
Value stocks generally beat growth stocks in the very long term. However, this has not been the case for the last decade or so. Growth stocks have notably trounced value since the 2008 financial crisis. But things may change post-pandemic. Interestingly, value stocks look poised for a handsome upturn, especially amid the stable economic recovery.Value stocks are those that trade at a large discoun...Read More
While you're reading this, companies are bidding close to $80 billion for a technology that's going to shape the future. Last month, almost 60 companies put in bids with the Federal Communications Commission to take control of 5G airwaves. You know many of these names: Verizon, AT&T, T-Mobile, Dish Network, and Comcast, just to name a few. Over the past months, these companies have been competing...Read More
Between Christmas and New Years it really looked good for the metals. I thought we would be in full tilt rally mode the first of the year. With all what's happening in the USA in regards to politics or shall I say the "uncertainty" of politics, you would really think gold would be sky high way over that $2,000 price that so many were predicting. But not so. Last week it after a slight decline the...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 12 that are worth another look.Mexican steel scrap prices continued their upward trend in the week ended Friday January 8, especially in the country's central Baj?-o region, while most prices were stable in the northern Monterrey region.Philippine...Read More