~*~Mining and Metals Du Jour~*~

[JD400]

*Morning Metals Roundup on the M+M*
.
.
.

.
.
.
J:Ds Morning Line Track Conditions: Dead 4

Dead 4 Track with give, better side of Dead

Weaker dollar and pullback in U.S. bond yields lifting demand for the safe-haven

Gold (US$/oz) +1.70 (0.1%) 1,730.85
Silver (US$/oz) +0.09 (0.36%) 24.93
Copper (US$/lb) -0.05 (1.21%) 4.09
Platinum (US$/oz) -1.90 (0.16%) 1,213.00
Palladium (US$/oz) +9.50 (0.36%) 2,672.25
.
.
.
MARKET MOVERS

Company Change Last Trade

First Quantum Minerals 1.47 5.89 $26.44

Cameco Inc. 1.34 6.20 $22.95

Ero Copper 1.31 5.96 $23.29

Energy Fuels 1.06 14.10 $8.58

Turquoise Hill Resources 0.79 3.78 $21.70

Franco-Nevada 0.68 0.42 $163.68

Los Andes Copper 0.59 7.97 $7.99

NexGen Energy 0.49 10.27 $5.26

HudBay Minerals 0.43 4.72 $9.54

Pretium Resources 0.33 2.40 $14.10

Agnico Eagle Mines 0.32 0.43 $75.18

Wheaton Precious Metals 0.29 0.58 $50.35

Copper Mountain Mining 0.25 8.22 $3.29

Millennial Lithium 0.23 7.08 $3.48

Trilogy Metals 0.23 8.46 $2.95
.
.
.
HIGH VOLUME

Company Volume Last Trade

Denison Mines 3,927,235 $1.62

Mega Uranium 3,535,952 $0.23

B2Gold 3,229,754 $5.60

NexGen Energy 3,112,369 $5.26

Gold79 Mines 2,788,942 $0.08

Yamana Gold 2,622,585 $5.57

Lundin Mining 2,386,294 $13.56

Kinross Gold 2,258,884 $8.82

Pasofino Gold 2,231,702 $0.11

Fission Uranium 2,193,888 $0.63

Damara Gold 2,061,513 $0.09

First Quantum Minerals 1,983,466 $26.44

HudBay Minerals 1,948,035 $9.54

Azarga Uranium 1,686,718 $0.30

Copper Mountain Mining 1,660,384 $3.29
.
.
.
EARNINGS / PRODUCTION RESULTS

Ivanhoe Mines: Kamoa-Kakula Mines and Stockpiles a Record Number of Tonnes of Copper

Uranium Participation Corporation Reports Financial Results for the Year Ended

NOVAGOLD Reports First Quarter 2021 Financial Results

Gran Colombia Gold Reports Fourth Quarter and Full Year 2020 Results

MAG Silver Reports 2020 Annual Results

Dynacor Gold Mines Reports 10th Consecutive Annual Profit

Sabina Gold & Silver Announces Financial Results For the Year Ended December 31, 2020
.
.
.
PROJECT ACQUISITIONS

Thor Explorations Acquires 100% Interest in Central Houndé Project Burkina Faso

GR Silver Mining Completes Acquisition of 100% of Marlin Gold

Exploits Discovery Corp. Consolidates Dog Bay Claims

Northern Shield Resources Increases Land Position at Root & Cellar Gold Project

Robex Resources Inc.: Acquisition of “Gladie” Permit and Beginning of Production
.
.
.
FEASIBILITY / PEAS / RESOURCES

Novo Resources: Preliminary Economic Assessment - Beatons Creek Conglomerate Gold

First Majestic Silver Files Updated Technical Reports, 2020 Mineral Reserve

OceanaGold Reports Mineral Resource and Reserve for the Year-Ended 2020

Trevali Mining Reports 2020 Mineral Reserves and Resources; Increasing Mineral Reserves

Newcrest Mining Announces Its Initial Mineral Resource Estimate for Red Chris

SSR Mining Reports Mineral Reserves and Resources For Year-End 2020

Dundee Precious Metals Announces Mine Life Extension and Update to Mineral Resource
.
.
.
MERGERS / ACQUISITIONS / JVS

QMX Gold Corporation Obtains Final Order Approving Arrangement With Eldorado Gold

Victory Metals and Nevada King Mining Announce Shareholder Approvals of Plan

Namibia Critical Metals Inc. - JOGMEC Elects to Move to Term 2 of Joint Venture Agreement

Troilus Gold to Acquire UrbanGold Minerals in All-Share Transaction

QMX Gold Shareholders Overwhelmingly Approve Proposed Arrangement With Eldorado Gold
.
.
.
PRECIOUS-Gold hits over one-week high as dollar, yields slip

By Diptendu Lahiri
https://www.reuters.com/article/global-precious/precious-gold-hits-over-one-week-high-as-dollar-yields-slip-idUSL1N2LZ058


* Dollar at an almost two-week low

* Strong U.S. data lifts stocks to record highs


April 6 (Reuters) - Gold prices rose on Tuesday to their
highest level in more than a week as a weaker dollar and
pullback in U.S. bond yields lifted demand for the safe-haven
metal.
Spot gold was up 0.4% at $1,734.72 per ounce by 0434
GMT after hitting its highest since March 26 at $1,735.30.
U.S. gold futures were also up 0.4% at $1,734.80 per
ounce.
"After the strong economic data on Friday and yesterday
(Monday) from the U.S., the dollar took a hit on its safe-haven
appeal and investors rushed to park their money in riskier
assets with more returns," said IG Market analyst Kyle Rodda.

The dollar slumped to an almost two-week low versus a
basket of rival currencies, making gold cheaper for buyers
outside the United States.

Benchmark U.S. Treasury yields slipped, moving further away
from a 14-month peak hit last week. Lower bond yields reduce the
opportunity cost of holding non-interest bearing gold.

Meanwhile, recent better-than-expected economic readings out
of the United States have lifted hopes around swift recovery and
drove investors towards riskier assets.
"Gold has formed a short-term double bottom but needs to
break above $1,750 before it can head higher," Stephen Innes,
chief global market strategist at financial services firm Axi
said in a note.
"The metal could struggle to extend last week's recovery
with the positive U.S. non farm payroll data underpinning
risk-on sentiment."

The U.S. economic outlook is brightening, Cleveland Federal
Reserve Bank President Loretta Mester said on Monday, adding
that the Federal Reserve should stick to its easy monetary
policy to help support growth further.

Gold tends to benefit from widespread stimulus measures from
central banks because it is widely viewed as a hedge against
inflation and currency debasement.

Elsewhere, silver was flat at $24.90 per ounce, while
palladium was down 0.4% at $2,654.33 per ounce. Platinum
inched down 0.1 %, to $1,207.50 per ounce.
.
.
.
Prepare for the P's: Platinum, Palladium, and 'SPPP'

Tom LydonApr 05, 2021

Palladium could be on the cusp of a dramatic leg higher, increasing the allure of the Sprott Physical Platinum and Palladium Trust SPPP.

SPPP provides “a secure, convenient and exchange-traded investment alternative for investors who want to hold physical platinum and palladium. The Trust offers a number of compelling advantages over traditional exchange-traded platinum and palladium funds,” according to the issuer.

https://etfdb.com/gold-silver-investing-channel/prepare-ps-platinum-palladium-sppp/
.
.
.
What to Know About Platinum Investments

Before you dive into the metals market, understand that platinum investments can be volatile.

https://money.usnews.com/investing/investing-101/articles/platinum-investments-how-to-invest-in-platinum
.
.
.
Alloy formed that can slash price for auto exhaust purifiers

By RYOSUKE NONAKA/ Staff Writer

April 5, 2021 at 07:00 JST

KYOTO—A research team said it has developed a durable alloy that can remove nitrogen oxides from automobile exhaust and is 90 percent cheaper than a conventional material that costs more than gold.

“Exhaust purification falls in the technological field Japan is good at, so we want to make the new material commercially available,” said Kohei Kusada, an associate professor of chemistry at Kyoto University, who is part of the team.

Rhodium, a high-performance rare metal, is currently used to remover nitrogen oxides, primary air pollutants in automobile exhaust. Its demand has been growing as stricter emission control regulations are introduced around the world.

Rhodium can cost up to 100,000 yen ($916) per gram, far more expensive than gold, which is typically priced between 6,000 yen and 7,000 yen per gram.

Researchers are trying to develop an alternative substance with a purification ability similar to rhodium.

The research team has been involved in the development of a substance made up of ruthenium and palladium, which have atomic numbers 44 and 46, respectively. Their figures are around the proton number of 45 for rhodium.

The material could remove nitrogen oxides from exhaust gas, but it was too fragile to be used repeatedly.

In the latest endeavor, the scientists added an element known as iridium to ruthenium and palladium to create an alloy consisting of the three rare metals. They confirmed the alloy can be repeatedly used in a stable manner for exhaust purification.

The scientists are now working with automakers to carry out a durability test of the new material under practical conditions.

The team’s research results were published in the German scientific journal Advanced Materials.

www.asahi.com/ajw/articles/14279445
.
.
.
Chart Of The Day: Palladium To Shoot Higher On Green Initiatives Stimulus

https://www.investing.com/analysis/chart-of-the-day-palladium-to-shoot-higher-on-green-initiatives-stimulus-200571253
.
.
.
2 Mining Stocks to Buy as Rhodium Prices Surge

Now is the perfect time to buy rhodium mining stocks Impala Platinum Holdings Limited IMPUY - Get Rating) and Sibanye Stillwater Limited SBSW - Get Rating). These companies have strong balance sheets and solid business models. We think they are well-positioned to deliver higher sales volumes and take full advantage of the robust rhodium price rise.

https://stocknews.com/news/impuy-sbsw-2-mining-stocks-to-buy-as-rhodium-prices-surge/
.
.
.
Tom O'Connor: Sanctions are destroying U.S. dollar's status as top currency

Submitted by admin on Mon, 2021-04-05 20:28 Section: Daily Dispatches

By Tom O'Connor
Newsweek, New York
Monday, April 5, 2021

The United States' reliance on economic sanctions to coerce other countries is gradually losing its effectiveness and slowly degrading one of Washington's most influential tools in international affairs, the power of the U.S. dollar, experts told Newsweek.

The greenback stands in a class of its own as the most popular and robust currency across the international banking system, outsizing its next largest competitor, the euro, a by a factor of nearly three to one.

When it comes to currencies, the dollar is by far the world's safest best. But this could be changing.

The continual use of sanctions to pressure countries and companies perceived to be acting against U.S. interests may also be weakening the dollar's global position.

"It's certainly not an imminent threat to the dominance of the dollar, but it's by far the biggest one," Benn Steil, senior fellow and director of international economics at the Council on Foreign Relations, told Newsweek. ...

... For the remainder of the commentary:

https://www.newsweek.com/sanctions-destroying-us-dollar-status-top-curre...
.
.
.

The Great Inflationary Race To The Bottom, Stock Market Melt-Up, And The Winner (SPOILER ALERT: Silver)

April 5, 2021 2388

We’re swirling around in a weird, high-tech inflationary race to the bottom, and if one wants to come out on top after the economic collapse…

(by Half Dollar) In a weird way, we’re all in one great big giant inflationary race to the bottom.

Continues here>>> https://www.silverdoctors.com/silver/silver-news/the-great-inflationary-race-to-bottom-the-stock-market-melt-up-and-the-winner-spoiler-alert-silver/
.
.
.
Big tech was rocking an rolling higher with the SP 500 keeping up the pace, setting a new all time high.

The VIX held stubbornly where it had been.

The Dollar declined and Treasury yields were flat.

Gold and silver faded a bit along with oil.

The cybercurrencies (aka digital beanie babies) continued to march to tulip land.

And earnings season rears its head once again.

Some heads are rolling today at Credit Suisse, tied to the recent big losses due to hidden risks.

There will be an update on the impact to the bank this weekend.

There are more, but they are preferring to keep silent.

No one could see it coming.


Let me give just one example: The washing machine.

Have a pleasant evening.
https://jessescrossroadscafe.blogspot.com/





Have a great day everyone

and Thanks Stay Safe

J:D


.
.
.
.................