Metals Markets
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GOLD: Gold production to grow in the next four years: report
GLOBAL – A report by Fitch Solutions states that the period 2018-22 is seeing a growth in gold production because slightly higher prices and stronger company financials are encouraging greater mine investment. “We forecast global gold production to increase from…
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DIAMONDS: De Beers is said to make big cuts in low end diamond prices
BOTSWANA – De Beers made steep cuts in the prices of low quality stones at its sale this week, according to people familiar with the situation. The world’s biggest producer reduced prices as much as 10% for low quality stones,…
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COPPER: Top copper miner’s output slump adds to worry on metal shortfall
A tight copper market may be set to get a lot tighter, if a report this week from the world’s biggest miner of the metal is any indication. Santiago-based Codelco posted the lowest quarterly copper production this year in the…
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GOLD: World Gold Council launches site for data, analytics and research
LONDON, U.K. – On Nov. 8 the World Gold Council launched Goldhub, calling it a market leading source of data, insights and analytical tools aimed at helping investors understand gold’s value as a strategic asset. Goldhub offers investors range of…
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GOLD: Troilus Gold intersects gold and copper below current resource at past-producer in Quebec
From 1996 until 2010, Zone 87 at the Troilus mine in Quebec was responsible for the majority of the 2 million ounces of gold and 70,000 tonnes of copper that was produced at the open-pit mining operation. The Z87 pit…
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GOLD: Skeena Intersects 10.09 g/t AuEq over 45 Metres at Eskay Creek
VANCOUVER – Skeena Resources Limited is pleased to announce additional Au-Ag assays for six holes from the ongoing Phase I surface drilling program at the Eskay Creek Project located in the Golden Triangle of British Columbia. The multifaceted Phase I program…
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GOLD: Klondike Gold Lone Star Zone Assays 1.32 g/t Au over 47.0 m and 1.11 g/t Au over 36.25 m
VANCOUVER – Klondike Gold Corp. is pleased to report assays from a further twelve drill holes at the Lone Star Zone at the Company’s wholly owned Klondike District Property, Yukon Territory. A total of 87 holes (9,511.93 meters) were drilled in…
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Raymond James adjusts forecasts as uranium outperforms zinc, copper in Q3
Analysts at Raymond James are lowering their forecasts for zinc and copper prices. For the fourth quarter, the analysts have changed their zinc price forecast to US$1.20 per lb. from US$1.40 per lb., and for 2019 they have trimmed their…
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Gold stocks undervalued, says Haywood Securities
The mining team at Haywood Securities says now is a good time to invest in undervalued gold stocks. “In the first nine months of 2018 the price of gold has declined 9%, while gold equities have declined about 20% (GDX…
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Editorial: Gold, copper declines start to bite
The dog days of summer are upon us in North America, and this year for the mining industry the biggest dogs are gold and copper — the two leading precious and base metals, which have seen precipitous price drops in…
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US Dept. of Commerce launches investigation of uranium imports
If the U.S. Trump administration extends its trade war to uranium it would be bullish for equities with U.S.-based assets, Haywood Securities commented in a uranium sector update. U.S. Commerce Secretary Wilbur Ross’s announcement yesterday that he is starting an…
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INTERVIEW: Agnico’s Sean Boyd says Meliadine on track to produce in Q2 2019
Special from The Northern Miner, July 18, 2018. Agnico Eagle Mines hosted a site visit in late June to its advanced-stage Meliadine gold project in Nunavut, which is expected to start production in the second quarter of 2019 — about three…
