Gold has rallied strongly off the December bottom.However, gold appears to have stalled, and is now at risk of reversing.There are plenty of favorable fundamental factors surrounding gold right now, but are they enough to overcome the headwinds?The bottom line: the gold bull market that started 2 years ago has only just begun.Source: Pocketsense.com The Gold Bull Market Is Just Getting Started SP...Read More
ASX: WAFwww.westafricanresources.com Mr. Richard Hyde reports:Scarborough, WA / February 6, 2018 / JMN Wire / Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.HighlightsHigh-grade results from depth at M1 South include;TAN17- DD174A 14m at 39.33 g/t Au from 448.5m incl...Read More
Chinese and European ferro-vanadium prices softened last week amid lackluster spot market demand, while the US market held firm under similar conditions.Chinese market slows as Chinese New Year holidays approachEuropean market slightly softer on sluggish spot demandUS market holds course despite thin trading activity Inquiries were thin for fob China vanadium products over the past week, but domes...Read More
The latest news and price moves to start the Asian day on Tuesday February 6.Base metals prices on the London Metal Exchange were mostly higher at the 5pm close on Monday February 5, although lead again bucked the trend. Read more in our live futures report.Here are how LME prices looked at Monday's close:Peru's copper production grew nearly 4% in 2017 thanks to higher output at the MMG's Las Bamb...Read More
Russia has today brought unit 1 of the Leningrad Phase II nuclear power plant to the minimum controllable power level, state nuclear corporation Rosatom has announced. The reactor vessel for the unit, which is in Sosnovy Bor in western Russia, was installed on 30 November.Leningrad plant workers mark the milestone (Image: Rosatom)The existing Leningrad plant site has four operating RMBK-1000 units...Read More
Comex copper prices were pulled lower on Tuesday February 6 by a combination of the recent equity sell-off and a dollar increase. Copper for March settlement on the Comex division of the New York Mercantile Exchange gained 3.75 cents or 1.2% to $3.2250 per lb. The red metal dipped to a one-week low on Friday following a heavy sell-off in equity markets. "Judging by the limited pullback in the base...Read More
The benchmark Rotterdam duty-unpaid premium touched a fresh one-year high of $100-107 per tonne on Monday February 5, fuelled by a surging US Midwest premium. The aluminium P1020A in-warehouse Rotterdam, duty-unpaid premium touched highs of $105 per tonne in February 2017. Participants short of material and some who want to ship metal to the Midwest, where the premium is at a four-y...Read More
Mining investors in the Democratic Republic of Congo (DRC) are united in their desire to fight the country's new mining code, and could take legal action if they fail to reach a mutually-agreeable solution, according to the chief executive officer of Randgold Resources.Speaking during an interview with Metal Bulletin on a panel at the Mining Indaba conference in Cape Town, Bristow said that it was...Read More
Yesterday was amusing. The meat with mouths on the so-called financial networks were crying, "how could this have happened." Funny thing, that. They don't raise the slightest doubt of conviction when the Dow soars 2,676 points in less than two months - 23,940 on November 29th to 26,616 on January 26th. But when the market takes back that move in 6 trading days it's a problem that Congr...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comFeb 6, 2018The appointment of Jerome Powell as new Fed chair is likely the catalyst that ushers in a multi-decade era of rising inflation and soaring gold stocks.I’ve announced a long term target for GDX of $15,000. That really isn’t very high... given the strong inflation num...Read More
The South African mining sector must strive to build a competitive, transformed and sustainable industry, the chairperson of the Council for Geoscience said at Mining Indaba in Cape Town this week. "While there may be tough choices and tradeoffs to be made, the South African mining industry must continue to thrive and to balance sustainability, competitiveness and transformation," Dr Humphrey Math...Read More
We have seen the initial stage of a bull market in gold and other hard asset commodities which beginning in 2015 has already carried some small to mid cap gold stocks up 800% and more. But the majority of mining and exploration stocks have languished. Yet at the same time experienced shrewd investors have been accumulating the mining shares. The price weakness has offered patient value oriente...Read More
Chinese and European ferro-vanadium prices softened last week amid lackluster spot market demand, while the US market held firm under similar conditions. Chinese market slows as Chinese New Year holidays approachEuropean market slightly softer on sluggish spot demandUS market holds course despite thin trading activity Inquiries were thin for fob China vanadium products over the past week, but dome...Read More
The South African mining sector must strive to build a competitive, transformed and sustainable industry, the chairperson of the Council for Geoscience said at Mining Indaba in Cape Town this week. "While there may be tough choices and tradeoffs to be made, the South African mining industry must continue to thrive and to balance sustainability, competitiveness and transformation," Dr Humphrey Math...Read More
Chinese and European ferro-vanadium prices softened last week amid lackluster spot market demand, while the US market held firm under similar conditions. Chinese market slows as Chinese New Year holidays approachEuropean market slightly softer on sluggish spot demandUS market holds course despite thin trading activity Inquiries were thin for fob China vanadium products over the past week, but dome...Read More
The Avino Mine property in Durango, Mexico. Source: Avino Silver & Gold Mines Ltd.Avino Silver & Gold Mines Ltd. [ASM-TSX, NYSE AMERICAN] has released results from exploration drilling at its Avino Mine property in Durango, Mexico. The objective of the drill program is to explore three target areas - Chirumbo, Guadelupe, and San Juventino - which are located outside the mining areas, to as...Read More
Aurora Cannabis Inc. (TSX:ACB) Monday announced a strategic investment in Liquor Stores N.A. Ltd. (TSX:LIQ)SmallCapPower | February 6, 2018: Aurora Cannabis Inc. (TSX:ACB) announced on Monday that it is going to make a strategic investment in Liquor Stores N.A. Ltd. (TSX:LIQ) through a non-brokered private placement. The private placement will be conducted in two phases - initial investment of $10...Read More
Mining investors in the Democratic Republic of Congo (DRC) are united in their desire to fight the country's new mining code, and could take legal action if they fail to reach a mutually-agreeable solution, according to the chief executive officer of Randgold Resources.Speaking during an interview with Metal Bulletin on a panel at the Mining Indaba conference in Cape Town, Bristow said that it was...Read More
A Cruz Cobalt map depicting its Cobalt, Ontario-area claims before today's Lorraine prospect acquisition. Source: Cruz Cobalt Corp.Cruz Cobalt Corp. [CUZ-TSXV; BKTPF-OTC] on Tuesday February 6 said it has acquired more ground in the Cobalt District of northeast Ontario, a move that means the company now has five separate prospects in the region. The new Lorraine Cobalt Prospect consists of 8,935...Read More