Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The prices of lead, zinc and copper showed the steepest declines on the London Metal Exchange at the close of trading on Tuesday March 16, with the US Dollar Index at its highest for a week at 91.91 and the market braced for a US Federal Reserve policy announcement on Wednesday."Market attention will turn to the US Federal Reserve's two-day policy meeting, which will conclude on March 17. The gene...Read More
Bob Moriarty ArchivesMar 16, 2021I began visiting gold projects in 2002 with a visit to a gold company with projects in China. I knew nothing about how to value a resource company but hadcorrectly called the bottom of the market in my very first piece on investing in resource stocks. If you are a contrarian, you don’t actually need to know anything about resource companies if you can read th...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 16, 2021 With a key US central bank announcement coming on Wednesday (I call it “Jay Day”), more green shoots are in play for gold. For a look at gold’s technical posture going into this key event, please click here now. Double-click to enlarge this daily gold char...Read More
A summary of base metals premiums from across the globe for the week to Tuesday March 16.Read More
The new equity is priced at $1.50 per share.Read More
An overview of the chrome ore and alloy markets on Tuesday March 16 and their latest price moves.China The UG2 chrome ore fell for the first time since early December on bearish sentiment following portside weakness amid continuing muted demand from major ferro-chrome producers due to production restrictions. Demand in the domestic spot ferro-chrome market was subdued after traders held back from...Read More
A number of investment firms contacted by Mining-Journal.com in the wake of Bentley's announcement that it would pay $900 million cash and about $150 million of equity for Seequent suggested the high price underlined the rising value of quality firms exposed to mining, and the perceived expansion of mining IT spending to address technical challenges and enable better cross-discipline collaboration...Read More
PHOENIX, March 15, 2021- 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") announced today that it has entered into definitive agreements with both the land owner and an affiliate of Innovative Industrial Properties, Inc., ("IIPR") to build an up to 558,000 square foot cultivation and production facility in Illinois. This would mark the largest such facility in the state...Read More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna"), a royalty company for the U.S. licensed cannabis industry, is pleased to announce growing demand and onboarding of state leading cannabis brands for its investee company QVI, Inc. doing business as "The Galley", a cannabis infused product manufacturer located in Sonoma County, California.Andriyko Herch...Read More
Vancouver, BC - Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) (the "Company" or "Siyata"), a global vendor of POC (Push-To-Talk over Cellular) devices and cellular booster systems, and leading mission-critical communications (MCX/MCC) enabler Softil today jointly announce that Softil's BEEHD technology will be used to develop a new innovative mission-critical communications push to talk (MCPTT) handset...Read More
Logistics for shipping material out of China continues to be a major concern for sellers of minerals and metals, with container freight rates firm at high levels and carriers giving priority to lighter cargoes.Sources in contact with Fastmarkets claimed that the shipping hurdles of recent months have not eased and remained a source of constant problems for the movement of material.Freight rates fo...Read More
Prices for No1 busheling steel scrap in Mexican main markets increased in the week ended on Friday March 12, while upward pressures grew for other grades as well.Buyers continued to increase prices for prime scrap to secure volumes. In rare cases, the material was heard trading above 10,000 pesos ($473) after the second consecutive week of strong buying activity.Prices of obsolete grades, suc...Read More
The global steel industry has never been an easy one to navigate but now the onslaught of Chinese steel production has affected many steelmakers around the world, Fastmarkets heard.The surge in Chinese steel exports in the last few years and the expansion of Chinese steel companies into Southeast Asian countries, such as Malaysia and Indonesia, have led many companies to rethink their commercial a...Read More
Falling steel scrap prices in Japan and continued uncertainty over whether Chinese port authorities will allow ferrous scrap cargoes to discharge remain key considerations for buyers in China, many of whom lowered their bids this week, sources said.Bids for heavy scrap (HS) from buyers peaked at $480 per tonne cfr China on Tuesday March 16, while offers were at $480-499 per tonne cfr China.South K...Read More
A summary of Antofagasta's financial results for the full year of 2020, as stated in its preliminary results, and its production guidance for 2020, as per a company report published on Tuesday March 16.Financial results - in brief: Antofagasta's revenue in 2020 was $5.1 billion, an increase of 3.3% from 2019, which the company attributed to "increases in copper and gold realised prices, partially...Read More
Base metals prices were mixed this morning, with those on the London Metal Exchange mainly weaker, while prices on the Shanghai Futures Exchange were more mixed this morning, Tuesday March 16, but Asian-Pacific equities were upbeat. United States 10-year treasuries yields have eased to 1.59%, from 1.64%Wall Street equity indices set fresh record highs on MondayBase metals Three-month base metals p...Read More
Silkroad Nickel will supply China's biggest stainless steel producer with 2.7 million tonnes of high-grade nickel ore from March until December 2022, the company said on Monday March 15.Silkroad Nickel, a laterite nickel ore producer in Indonesia has signed an offtake agreement with Ekasa Yad Resources, a unit of Tsingshan Holding Group, in which it will supply 2.7 million tonnes of high-grade nic...Read More
Domestic prices for hot-rolled coil in Northern Europe have been supported by a material shortage in the market, sources told Fastmarkets on Tuesday March 16.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?792.50 ($943.31) per tonne on March 16, up by just ?,?1.25 per tonne from ?,?791.25 per tonne on Monday March 15.The index was also up by ?,?36....Read More
The global steel industry has never been an easy one to navigate but now the onslaught of Chinese steel production has affected many steelmakers around the world, Fastmarkets heard.The surge in Chinese steel exports in the last few years and the expansion of Chinese steel companies into Southeast Asian countries, such as Malaysia and Indonesia, have led many companies to rethink their commercial a...Read More
Share this article VANCOUVER - Golden Independence Mining Corp. [IGLD-CSE] reported the next series of drill results from its recently completed 2020 resource expansion drill program at the Independence Project, south of Battle Mountain, Nevada. Results from these four reverse circulation (RC) holes include 9.11 g/t gold and 25.2 g/t silver over 80 feet (24.4 metres), including 12.06 g/t gold and...Read More