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CEO says Barrick will continue in Mali once they can ship gold

ByVictoria
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Barrick Gold will resume operations at its shuttered Loulo-Gounkoto mine in Mali once authorities in the country allow it to resume gold shipments, CEO Mark Bristow said on Wednesday.

“We will start the operations as soon as we get approval to ship the gold and we need to ship the gold to pay anything to the government,” Bristow said, adding that Barrick paid $460 million to the Mali government last year.

“So if you calculate that to per week… and every week we don’t do this it hurts everyone,” he added.

Source – Reuters

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Gold inches higher on trade war concerns

ByVictoria
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Gold prices edged higher on Thursday, as markets closely tracked developments in U.S. President Donald Trump’s tariff plans, which could ignite a global trade war, while investors awaited crucial U.S. data due later in the day.

Spot gold was up 0.2% at $2,908.50 per ounce, as of 0240 GMT. Bullion hit a record peak of $2,942.70 on Tuesday. U.S. gold futures firmed 0.3% to $2,936.50.

“Gold continues to serve as a key diversifier amid trade uncertainties, as market participants seek to mitigate portfolio volatility,” IG market strategist Yeap Jun Rong said.

Spot silver rose 0.2% to $32.29 per ounce, platinum gained 0.2% to $994.75 and palladium firmed 0.5% to $978.46.

Source – Reuters

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Ero Copper Corp. Advances While Market Declines

ByVictoria
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In the latest market close, Ero Copper Corp. (ERO) reached $13.17, with a +1.15% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.27%. On the other hand, the Dow registered a loss of 0.51%, and the technology-centric Nasdaq increased by 0.03%.

The the stock of company has fallen by 6.67% in the past month, lagging the Basic Materials sector’s gain of 7.68% and the S&P 500’s gain of 4.27%.

The company’s earnings report is set to go public on March 6, 2025.

Source – Zacks.com

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ERO Copper stock rating upgraded at TD Securities

ByVictoria
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On Wednesday, TD Securities shifted its stance on ERO Copper Corp (ERO:CN) (OTC: ERRPF), raising the stock rating from Hold to Buy, while adjusting the price target to Cdn$23.00, down from the previous Cdn$26.00. The upgrade reflects a change in sentiment based on the company’s current share price and its future growth prospects.

The analysts at TD Securities anticipate a significant turnaround in free cash flow (FCF) starting in the second quarter of 2025. They project a 95% year-over-year improvement in copper production for the current year, with expectations for continued growth into 2026.

Source – Investing.com

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Freeport set to resume copper exports from Indonesia

ByVictoria
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Indonesia has restricted raw material exports to pressure companies to refine minerals locally and add value to its exports. Freeport has local refining capacity, but is seeking to keep exporting concentrate due to a fire last October at its Manyar smelterin East Java.

Should exports resume, it will relieve, although not reverse, a shortage of copper concentrate that has hit the profits of smelters.

Source – Reuters

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Copper Prices Surge as Market Braces for Potential U.S. Tariffs

ByVictoria
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While no official tariff has been imposed, the price gap between the CME and London Metal Exchange (LME) contracts has widened sharply, with CME copper trading at a premium exceeding $1,000 per metric ton. This suggests the market is pricing in at least a 10% tariff, though a 25% duty, similar to those on aluminum and steel, remains a possibility.

Source – Econo Times

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Silver Continues to See Same Ceiling

ByVictoria
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The silver market continues to threaten the same barrier, which starts at the $32.35 level, and then reaches the $32.50 level before it is all said and done. Because of that, the market, I believe, is just simply grinding away or even pecking away, if you will, at the barrier that has been one of the biggest factors here in the silver market.

Source – FXEMPIRE / Opinion

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Gold, Silver, Platinum Forecasts

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Gold

Gold made an attempt to settle below the support at $2870 – $2880 but lost momentum and climbed back above the $2900 level.

Silver

Silver rallied above the $32.00 level as gold/silver ratio pulled back below the psychologically important 90 level.

Platinum

Platinum is trying to settle above the resistance at $1025 – $1030 as demand for precious metals stays strong.

Source – FXEMPIRE

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Apollo Silver Outlines 2025 Calico Work Program

ByVictoria
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VANCOUVER, British Columbia, Feb. 12, 2025 (GLOBE NEWSWIRE) — Apollo Silver Corp. (“Apollo Silver” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to provide details on the upcoming 2025 work program (the “2025 Program”) at its Calico Silver Project (“Calico” or the “Project”) located in San Bernardino County, California, as well as provide an update on the newly optioned Cinco de Mayo Project in Chihuahua, Mexico.

Source – Globe News Wire / Yahoo Finance