Feasting on a global demand for cobalt and copper, the mining industry in the Democratic Republic of Congo is flourishing -- but two clouds are spoiling its sunlit future.First is the lack of power, which is holding back the development of the minerals processing sector and crimping the country'Read full newsRead More

Vale S.A. (NYSE: VALE) has agreed to streaming deals for cobalt from its Voisey's Bay nickel mine in order to finance an expansion. News reports describe this as the world's biggest cobalt stream ever. Streaming companies upfront money in exchange for a share of future production. Wheaton Precious Metals (NYSE, TSX: WPM) and Cobalt 27 Capital Corp. will provide Vale a combined $690 million in fund...Read More

   •  Easing geopolitical tensions prompt some fresh selling on Tuesday.   •  A modest uptick in the US bond yields adds to the downward pressure.   •  Traders eye US CPI for some impetus ahead of Wednesday’s FOMC decision. Gold held on to its mildly weaker tone through the mid-European session on Tuesday and is currently placed at...Read More

(Bloomberg) - For the past year, car manufacturers, battery makers and tech companies have been racing to secure long-term supplies of cobalt, the metal whose scarcity risks upending the electric vehicle revolution.Now, Vale SA has struck the first truly large-scale, long-term contract to sell cobalt from its Voisey's Bay mine in Canada to Wheaton Precious Metals Corp. and Cobalt 27 Capital Corp....Read More

 CloseGain/LossGold $1296.10-$4.30Silver$16.86-$0.07XAU83.82+0.22%HUI180.26+0.05%GDM627.16-0.00%JSE Gold1060.05+0.27USD93.80+0.22Euro117.51-0.34Yen90.65-0.27Oil$66.36+$0.2610-Year2.960%+0.007T-Bond143.6875+0.03125Dow25320.73-0.01%Nasdaq7703.79+0.57%S&P2786.85+0.17%  The Metals: Gold dipped $7.20 to $1293.20 in early New York trade before it bounced back to $1299.60 by late...Read More

By Scott Patterson Swiss mining giant Glencore PLC unveiled a sweeping $5.6 billion restructuring of its troubled Congo copper company, Katanga Mining Ltd., resolving a heated dispute with Congo's state-run mining company about a massive debt load it has built up over the past decade. Glencore said Katanga Mining will issue $5.6 billion in stock, which it will use to retire debt. The company had...Read More

Investing.com – Gold prices took a dip on Tuesday amid expectations for a positive outcome from the summit between U.S. President Donald Trump and North Korean leader Kim Jong Un.Gold futures for August delivery on the Comex division of the New York Mercantile Exchange were down $2.40 or 0.18%, to $1,300.90 a troy ounce by 12:45PM ET (04:45 GMT).The Trump-Kim meeting started at around 09:00P...Read More

Small Crowds, Shrinking PremiumsThe prices of gold and silver rose five bucks and 37 cents respectively last week. Is this the blast off to da moon for the silver rocket of halcyon days, in other words 2010-2011? Various gold bars. Coin and bar premiums have been shrinking steadily (as have coin sales of the US Mint by the way), a sign that retail investors have lost interest in gold. There are e...Read More

Researchers at the University of Notre Dame invented a new class of molecules whose shape and size enable them to capture and contain precious metal ions. In a study published in the Journal of the American Chemical Society, the scientists explain that the method they have developed converts gold-containing ore into chloroauric acid and extracts it using an industrial solvent. The container molecu...Read More

(Kitco News) - Silver is likely to reach $18.50 an ounce in third quarter of 2018, and maybe even hit 2016 highs of $21.50 an ounce by the four quarter, based on a combination of technical, sentiment, seasonal, and fundamental factors. The white metal is undervalued at current price levels and is expected to become one of the best performing assets, making it an ideal contrarian investment, accord...Read More

Investing.com - Gold prices were little changed in mid-morning trade on Friday as investors looked forward to the start of the Group of Seven summit and digested a round of trade threats by U.S. President Donald Trump.At 10:30AM ET (14:30GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange inched up 40 cents, or 0.03%, to $1,303.40 a troy ounce.In a sess...Read More

Pure Gold's Madsen headframe, mill and tailings facility near Red Lake, Ontario. Source: Pure Gold Mining Inc.Pure Gold Mining Inc. [PGM-TSXV; LRTNF-OTC] on Tuesday June 6 said underground drilling continues to successfully delineate initial mining shapes that will underpin the early years of production at the its 100%-owned Madsen Gold Project in Red Lake, Ontario."Several mineralized structures...Read More

Contrarian investors are searching for unloved stocks in out-of-favour sectors, and the gold miners certainly fit the bill.Let's take a look at Goldcorp Inc. (TSX:G)(NYSE:GG) to see if the company deserves to be in your portfolio today.FinancialsGoldcorp generated Q1 2018 operating cash flows of US$271 million compared to US$227 million in the same period last year. Adjusted operating cash flows w...Read More

OTTAWA, June 4 (Reuters) - Canada's government vowed on Monday to do all it could to protect its steel and aluminum sectors from U.S. tariffs but sidestepped an industry call to strike back quickly, saying it needed time to study the issue.President Donald Trump's administration last week imposed U.S. tariffs of 25 percent on steel and 10 percent on aluminum from Canada - the No. 1 steel exporter...Read More

(Kitco News) - Gold prices were firmer and pushed back above the key $1,300.00 level in early-afternoon U.S. trading Tuesday. Some short covering in the futures market and bargain hunting in the cash market were featured, following recent selling pressure. Metals traders are looking for some new fundamental news to help drive prices. August Comex gold futures were last up $5.50 an ounce at $1,302....Read More

BEIJING, June 4 (Reuters) - Aluminum Corp of China , known as Chinalco, at the weekend said it had started work on a $1.3 billion expansion of its Toromocho copper mine in central Peru. The investment will increase the mine's copper output by 45 percent by 2020, with the value of production exceeding $2 billion annually, Chinalco Chairman Ge Honglin said at a groundbreaking ceremony in Peruvian ca...Read More

LONDON/MOSCOW, June 4 (Reuters) - In a bid to free Rusal from U.S. sanctions, the independent directors of the company controlling Russia's biggest aluminium producer have hired Rothschild to advise on the sale of billionaire Oleg Deripaska's stake, a source said.Deripaska and the biggest firms in his empire, including Rusal and holding company En+, were included in April's U.S. Treasury Departmen...Read More

(Bloomberg) - Gold may have posted two straight months of declines, but is set to shrug off the blues and rise in 2019 as the dollar weakens.The precious metal will start to rebound in the final quarter of this year to average $1,375 an ounce in the last three months of next year and could touch a high of $1,400, said Bart Melek, global head of commodity strategy at TD Securities in Toronto. That...Read More

ATAC Resources Ltd. (TSX-V:ATC) ("ATAC") is pleased to announce the commencement of drilling at its 1,700 km2 Rackla Gold Property in east-central Yukon.The previously announced, ~20,000 m diamond drill program will include: ~10,000 m at the high-grade, Carlin-type Osiris Project; and ~10,000 m at the Carlin-type Orion Project funded by Barrick Gold Corp. ("Barrick") under an exploration partnersh...Read More

Even best-case, early roll-out of new cobalt-light batteries won't solve supply issues Cobalt, a crucial element in batteries for cellphones and electric vehicles, has been drifting lower since hitting near 10-year peaks on the LME in March, but is still up nearly fourfold from its 2016 trough.Mindful of the fact that the volatile commodity reached $115,000 a tonne a decade ago, long before EV de...Read More