BEIJING - China's copper smelters will reduce output by more than 15% in February from last month due to the coronavirus outbreak, research house Antaike said, warning zinc production c...Read full newsRead More
Gold stocks can play an important role in investors’ portfolios, especially as we quickly approach the peak in our economic cycle.The economy has been booming for over a decade, apart from a slight technical recession in the middle of the decade brought on by the collapse in the price of oil.Other than the few quarters of negative growth in the middle of the decade, the Canadian economy has...Read More
Gold has long been a safe haven for investors in times of volatility – which is why the price of gold has soared to multi-year highs. The S&P/TSX Global Gold Index is up 39.23% over the past year and has outperformed the market during the recent volatility caused by the coronavirus.Last week, the S&P/TSX Composite Index lost 1.41% of its value amid virus fears, whereas the Gold Index...Read More
The previous decade was remarkable for investors. By 2019, the stock markets were trading at all-time highs, and things have never been better. With such fantastic performances all around, there was a lot of talk of the economy hitting another recession.While we did not see the recession hit markets in 2019, analysts are pegging 2020 to be the year it happens. If concerns regarding the global econ...Read More
Visible gold from Eastern Gold Zone mineralization at Perron Credit: Amex Exploration Amex Exploration has released the results of 15 drill holes completed on the Grey Cat and Gratien zones at its 45-sq.-km Perron gold property in Quebec's Abitibi region. These results expand the near-surface strike length of Grey Cat and further define the multiple stacked lenses which make up the Gratien system...Read More
While traveling in Vancouver for conferences recently, I had the chance to catch up with Revival Gold (TSX-V: RVG)(OTC: RVLGF) President & CEO Hugh Agro.Revival is one of the three companies I featured in my gold talk at the Vancouver Resource Investment Conference. It has been one of the more successful companies in the space over the past few years, having raised money at sequentially higher pri...Read More
You can buy stocks that pay dividends in your TFSA. The big plus is that you’ll never have to pay taxes on the dividends you receive. Stocks that have a high dividend yield are great to own if you’d like to receive regular income. Some stocks on the TSX are looking cheap and pay a high yield. Laurentian Bank of Canada (TSX:LB), Acadian Timber (TSX:ADN), and Russel Metals (TSX:RUS) are...Read More
Markets are certainly going for a wild ride. With global indices down 2% and up 2% the next, it certainly feels like we’re in for a wild ride over the next while. With all the negative possibilities out there, it makes it difficult to invest in the near term.The biggest issue is the absolutely ridiculous amount of debt sitting on personal, corporate, and government balance sheets. It b...Read More
DeLamar gold and silver project in southwestern Idaho. Source: Integra Resources Corp. Integra Resources continues to expand higher-grade resource targets at its DeLamar project in Idaho through drilling and soil sampling.Drill highlights from the War Eagle target include:3.05 metres of 5.99 g/t gold-equivalent;3.05 metres of 3.07 g/t gold-equivalent; and1.83 metres of 3.42 g/t gold-equivalent.Th...Read More
Feb 06, 2020 Guest(s): Robert Kiyosaki A ballooning retiree population over the coming years is likely to force the government to print more money in order to support pensioners, and this will create a good environment for gold, said Robert Kiyosaki, author of Who Stole My Pension? How You Can Stop the Looting. "In the next ten years, two billion old guys like me will retire. Two billion, all o...Read More
Downward spiral. Worker repairing machinery in Tangshan, Hebei Province, China. Image: junrong The copper price continued to recover on Thursday as investors bet on a quick bounce back in economic activity in China once the viral outbreak is brought under control.After bottoming on Monday below $2.50 a pound, the lowest since May 2017, copper has rebounded by more than 5% to trade as high as $2....Read More
Rare earth minerals are used in everything from consumer electronics to military equipment such as jet engines, missile guidance systems satellites and lasers. The US Geological Survey (USGS) announced Thursday that US mines produced approximately $86.3 billion in minerals in 2019 -- more than $2 billion higher than revised 2018 production totals. US metal mine production in 2019 was estimated...Read More
Image from IAMGOLD. IAMGOLD (NYSE: IAG, TSX: IMG) has announced an updated mineral resource estimate for its 100% owned Pitangui Project in Minas Gerais State, Brazil. The estimate, based on an underground mining scenario, comprises an indicated resource of 3.33 million tonnes grading 4.39 grams per tonne gold for 0.47 million contained ounces and an inferred resource of 3.56 million tonnes gra...Read More
The three-month nickel price on the London Metal Exchange was lower at the close of trading on Thursday January 6, with price action holding above the nearby $13,000-per-tonne support level against a seven-day low in daily trading volumes, while zinc futures similarly held ground. Nickel's outright price on the LME settled at $13,060 per tonne this afternoon, with turnover low at just over 5,400 l...Read More
The three-month zinc price on the London Metal Exchange was lower during morning trading on Thursday February 6, witha fresh inflow of some 3,475 tonnes pressuring its price action, while copper was little moved despite a fresh cancellation of 10,250 tonnes.Zinc's outright price on the LME was recently trading at $2,192 per tonne, a drop of 1.2% from Wednesday's closing price of $2,213 per tonne.&...Read More
The London Metal Exchange has opted to keep its traditional open-outcry format for closing prices after receiving negative feedback from its electronic nickel trial, the exchange said in a note to members on Wednesday February 5.With the decision made not to permanently change its closing price process, the LME's trade-at-settlement function (TAS), which allows participants to buy or sell a contra...Read More
Geopolitical tensions and market uncertainty combined with the coronavirus outbreak led to a 5% increase in the gold price in January to seven-year highs of US$1,584/oz and continues to make all-time highs in many global currencies, while assets under management (AUM) grew 8% in US dollar terms during the month.Gold represented one of the best performing broader asset classes in January (plus 4.6%...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday February 6 that are worth another look.Chinese domestic prices suffer heavy falls on building steel inventory levels and persistent first-quarter demand worries, with rebar facing the toughest challenge.Chinese copper smelter Guangxi Nanguo has recently declared force majeure on shipments of copper concentrates, citing logistic...Read More
It said the diamond was recovered from the EM/PK(S) unit of the South Lobe, which had recently delivered a gem-quality 176ct stone and other high-value diamonds including the 1,758ct Sewelô.Read More
The seven million tonnes per annum plant is expected to start operation, next to one FLSmidth delivered for JSC Pavlik in 2013-14 in the Magadan region in Russia's east, late in 2021 or early 2022.FLSmidth said the new DKK290 million order covered materials handling and flotation equipment, gravity concentrators, screens, gold leaching, dewatering, pumps, cyclones, valves, instruments and reagent...Read More