News

Matterhorn Asset Management managing partner Egon von Greyerz says gold’s big move hasn’t started yet (reports MiningNews).

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Chalice Gold Mines (ASX: CHN) has announced new results from ongoing resource definition drilling at its Julimar project in Western Australia that has extended three high-grade nickel-copper-cobalt-platinum group elements (PGE) zones (reports Small Caps).

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Gateway already had an established footprint in a gold-rich region of Western Australia that for years had been overlooked and is now the subject of an exploration frenzy (reports Stockhead).

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Amid the welter of financial reports released this week, Mincor Resources (ASX: MCR) gave the market another strong signal that it is firmly on track with its nickel restart plans in Kambalda, issuing a project update which was welcomed by analysts at two leading broking firms.

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“Exceptional” new intercepts reported earlier this week by Chalice Gold Mines (ASX: CHN) from its Julimar discovery near Perth have prompted North American brokerage Red Could Securities to compare the discovery to the world-class Sudbury deposit in Canada.

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Shares in WA gold explorer Breaker Resources (BRB) are set to double, says broker Canaccord, as the company grows the inventory at its Lake Roe project, 100km from Kalgoorlie.

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Gold’s overdue price correction hit the wallets of investors this week and bruised a few egos, but while that predictable event was occurring something more remarkable was happening in iron ore

Gold’s overdue price correction hit the wallets of investors this week and bruised a few egos, but while that predictable event was occurring something more remarkable was happening in iron ore, where a seven-year boom might have started. The 9.3% fall in gold from a peak $US2068 an ounce last week to a low of $US1875/oz on Wednesday has been blamed on multiple factors, ranging from Russia’s claim to have developed a successful Covid-19 vaccine, to signs of an improvement in the U.S. economy, which could point to a stronger U.S. dollar.

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Silver prices hit a seven-year high of $US29/oz ($40.32/oz) this week, as investors rediscover its safe haven status as a hedge against the current economic storm (reports Stockhead).

Silver prices hit a seven-year high of $US29/oz ($40.32/oz) this week, as investors rediscover its safe haven status as a hedge against the current economic storm (reports Stockhead). The last time silver reached these levels was back in February 2013. Demand for physical silver is running hot as latest figures from the Perth Mint show.

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