The company is targeting gold under its vanadium deposit, giving the company the potential for optionality. Digging deeper has seemed to do the trick: First Vanadium Corp. (FVAN:TSX.V; FVANF:OTCQX; 1PY:FSE) is drilling a Carlin-style gold system below its vanadium deposit on the Carlin Trend in Nevada.First Vanadium originally explored for vanadium on the property and in 2020 released a positive...Read More
Troilus Gold's new drill results and their implications are discussed in a Haywood Capital Markets report. In a Jan. 12 research note, Haywood Capital Markets analyst Pierre Vaillancourt noted that Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) announced the findings from the two initial holes drilled at the Troilus property as part of its fall-winter 2020 campaign. "The drill results demonstrate prom...Read More
In this article by Andrew Hecht for Proven and Probable, the case is made for investment in Nevada Copper in a bullish metals market. Pumpkin HollowCopper is on a bullish tear: More upside in 2021 in all metalsChina is a massive buyer: A reason the U.S. is nextNevada Copper: A strong management team with solid financingProven and probable reserves in the U.S. with the potential for moreAn emergin...Read More
Ron Struthers of Struthers Resource Stock Report profiles this explorer and explains why he sees low downside risk. This chart compares gold (GLD) to gold mining stocks, measured by GDX, the seniors and GDXJ, the more junior producers, since the bull market topped out in 2011. It is easy to see that while gold has recovered to its 2011 highs and did break higher, the gold stocks are a long ways f...Read More
Black Tusk aims to find out if adjacent gold mineralization continues onto its property. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) is about to start its first drill program a initial 3,000-meter program at two of its projects, McKenzie East and Lorraine, both located in the Val-d'Or district in Quebec. Val-d'Or, literally "Valley of Gold," has seen gold mining since the 1920s;...Read More
Sector expert Michael Ballanger explores how fluctuations in the value of the U.S. dollar and the gold and silver markets have played out over the last week. It was several months ago, in the midst of heated and widely accepted civil disobedience, looting and civic trespassing by members of Antifa and the Black Lives Matter movement, that I opined that the "demonstrations" (as opposed to "armed i...Read More
Gold/SPX indicated the excess and the gold miners are correcting that excessIn and around the August time frame we noted (in NFTRH) high risk to the gold miners because the price of HUI had gotten a million miles ahead of gold’s ratio to the stock market. That was typical bit in the mouth enthusiasm by the gold “community”, as even Warren Buffett bought a gold stock (and signaled...Read More
The price of gold remains at $1,850, and the key drivers are higher bond yields and a stronger risk appetite.Last week, the yellow metal tanked below $1,900 again, and it hasn’t rebounded since the plunge – instead, the price of gold has stayed at around $1,850. What happened? The main driver of the recent weakness in the precious metals market has been the Democratic victory in the Ge...Read More
Here are five Fastmarkets stories you might have missed on Monday January 18 that are worth another look.The prices of ferro-chrome imported into both Japan and South Korea have surprised the market by jumping to two-year highs because of a recent surge in spot prices in China, the largest importer of the...Read More
China's crude steel output in 2020 exceeded 1 billion tonnes for the first time with an increase of 5.2%, according to data released by the country's National Bureau of Statistics on Monday January 18.2020 outputCrude steel: 1.05 billion tonnes, up 5.2% from 2019Hot metal: 887.52 million tonnes, up 4.3% year on yearFinished steel: 1.32 billion tonnes, up 7.7% year on yearDecember 2020 outputCrude...Read More
Here are five Fastmarkets stories you might have missed on Monday January 18 that are worth another look.The prices of ferro-chrome imported into both Japan and South Korea have surprised the market by jumping to two-year highs because of a recent surge in spot prices in China, the largest importer of the...Read More
Export prices for steel slab from the Commonwealth of Independent States (CIS) decreased in the week to Monday January 18 because customers were not ready to accept the levels being asked by mills amid weakening prices for finished flat steel products.Fastmarkets' weekly price assessment for steel hot-rolled coil, import, cfr main port Turkey, was $730-800 per tonne on January 15, falling from $74...Read More
Prices for domestic steel hot-rolled coil increased in Europe in the week ended Friday January 15, due to limited availability of the material.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?716.00 ($864.56) per tonne on Friday, up by ?,?48.50 per tonne week on week and by ?,?79.75 per tonne month on month.The calculation of the index was based on...Read More
The London Metal Exchange aluminium forward price was dented by almost 1% by a sizeable delivery of material to registered warehouses, while tin recorded the biggest increase at the 5pm close on Monday January 18. Tin's three-month price was up 0.6% on Monday at 5pm to $21,245 per tonne. The metal has rebounded from this year's low of $20,525 per tonne on January 11, and is edging closer to the Ja...Read More
Here are five Fastmarkets stories you might have missed on Monday January 18 that are worth another look.The prices of ferro-chrome imported into both Japan and South Korea have surprised the market by jumping to two-year highs because of a recent surge in spot prices in China, the largest importer of the...Read More
After a rapid rise of domestic steel prices across Europe in the second half of 2020, market sources have been voicing concerns that the situation will echo the scenario in 2008 of a price spike quickly followed by a sharp fall. Fastmarkets takes a look at the differences and similarities in the market situations of 2008 and 2020. Domestic prices for both flat and long steel products increased dra...Read More
The London Metal Exchange aluminium forward price was dented by almost 1% by a sizeable delivery of material to registered warehouses, while tin recorded the biggest increase at the 5pm close on Monday January 18. Tin's three-month price was up 0.6% on Monday at 5pm to $21,245 per tonne. The metal has rebounded from this year's low of $20,525 per tonne on January 11, and is edging closer to the Ja...Read More
The seaborne fob market moved up slightly for premium hard coking coal prices on Monday January 18 on firm demand and a limited number of cargoes on offer in the market, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $124.15 per tonne, up $0.24 per tonnePremium hard coking coal, cfr Jingtang: $208.69 per tonne, unchangedHard coking coal, fob DBCT: $101.54 per tonne, unchangedH...Read More
Iron ore prices increased on Monday January 18, supported by a news of a record-high GDP in China for 2020 and supply concerns after a fire at Vale's Ponta da Madeira terminal in northern Brazil.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $174.07 per tonne, up $0.38 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.66 per tonne, up $0.53 per tonne58% Fe fines high-grade pr...Read More
The European spot ferro-silicon price, which widened up to ?,?1,300-1,200 per tonne on Friday January 15, should now be supported against any prompt demand from steelmakers that have agreed their first-quarter delivery settlements, sources said this week.They told Fastmarkets that the last time the price was this high was in November 2018. The market should also get support from suppliers kee...Read More