August 20, 2020

Gold price bounces back after disappointing Fed minutes

Gold recovered from a 3% loss as US unemployment claims topped one million once again.

August 20, 2020

Hedge fund that gained 103% on gold rally trims exposure

Delbrook Capital is now taking a pause on gold stocks as their valuations have strengthened.

August 20, 2020

Antofagasta earnings dive on lower copper prices, virus

Earnings for the first half of the year dropped 22% as copper production and prices were affected by the global coronavirus pandemic.

August 20, 2020

Scotiabank compliance failed to stop gold spoofing, US says

The bank agreed to pay $127.4 million to settle allegations that its traders manipulated precious metals markets.

August 20, 2020

SQM posts record sales, boosts output despite weak market

The world’s second largest lithium miner saw sales jump almost 50% and boosted output, but low prices hit profits.

August 19, 2020

Copper price above $3 for first time since June 2018

Copper price jumps to highest since June 2018 as massive Chinese stimulus suck in metal and LME inventories drop to 13-year low.

August 19, 2020

Eric Sprott slashes stake in Gran Colombia

Sprott has reduced his stake in the company to just 0.2% from 11.24% earlier this year.

August 19, 2020

Gold price retreats ahead of Fed minutes

Gold once again dropped below $2,000 an ounce with the US dollar and stock market both up.

August 19, 2020

Rio Tinto cuts 2020 copper targets on Kennecott delay

The world’s second largest miner said a two-month delay in restarting the smelter at the US mine prompted the revision.

August 19, 2020

Alaska Republicans back Northern Dynasty Pebble mine

The party resolution, dated August 9, states it “unequivocally” supports the responsible development of the proposed copper-gold mine.