Rohstoff- und Minenbranche: Der Wochenrückblick von Haywood

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Industry Report

March 19, 2016

The Weekly Dig

Mick Carew, PhD, mcarew@haywood.com

Haywood Mining Team

Gold Regains Early-Week Losses as Rates Held Steady

§  Wednesday saw the Federal Reserve keep interest rates on hold as expected. Accompanying the Fed’s announcement, however, was a more cautious tone regarding both the U.S. and global economy; the Fed’s comments came despite recent data indicating that U.S. inflation may be on the rise, with core CPI rising 2.3% in the 12 months through February (the biggest increase in more than 3 years). In a statement following the decision, Janet Yellen suggested there was inadequate evidence to suggest that inflation has indeed accelerated. In response, the gold price and gold equities regained some of the losses incurred during the week; the price of gold fell to as low as $1,226 per ounce on Tuesday before recovering to finish at $1,256 (↑0.5%) per ounce on Friday, while the S&P/TSX Global Gold Index briefly fell below the 180 mark before recovering to finish at 189. Silver (↑2.1%), platinum (↑1%) and palladium (↑2.5%) also finished the week higher, closing at $15.84, $971 and $590 per ounce respectively. Base metal prices also rose, with copper (↑1.7%) and zinc (↑2.1%) were up, while lead (↓3%) and nickel (↓2%) finished lower at $0.82 and at $3.91 per pound. Uranium prices have rebounded slightly from new recent lows, with the UxC Broker Average (BAP) Price of uranium falling to $28.50 per pound last Friday but rising steadily this week; the progressive increase in the BAP during the week (↑3.5%, at $29.75/lb U3O8) significantly increases the probability of an increase in the more widely quoted and market-visible UxC Weekly Spot uranium price on March 21st, which sat at $28.75/lb at Monday March 14th. Finally, WTI crude prices broke through the $40 level this week for the first time since December, before settling at $39.30 per barrel.

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Rohstoff- und Minenbranche: Der Wochenrückblick von Haywood

Folgend der lesenswerte Wochenbericht von Haywood:

The Weekly Dig

Mick Carew, PhD, mcarew@haywood.com

Haywood Mining Team

Commodity Prices and Equities Remain Buoyant Post PDAC

§  It appears, at least for the time being, that commodity prices have remained buoyant throughout and beyond the Prospectors and Developers Association of Canada (PDAC) conference in Toronto this week. As reported last week, the past three years have seen a similar surge in metal prices and equities at the start of the year, only to fall in time for the world’s largest mining conference. While attendances were down on previous years (~22,000 compared to 23,500 last year) the mood was clearly more positive as both precious and base/industrial metals maintained their early-year levels. While the jury is still out on whether the rise in base and industrial metals prices can be sustained, it appears investors are more confident that precious metal prices, particularly gold, bottomed with gold finding support at the $1,200 per ounce level. In fact the price of gold again hit a 52-week high on Friday, hitting $1,284 per ounce during intra-day trading before settling at $1,251 per ounce (↓0.7%). Palladium (↑3.4%) was up this week, finishing at $575 per ounce, while platinum and silver both fell, finishing at $962 and $15.51 per ounce respectively. Base metals were mostly down after last week’s spectacular rise; copper (↓1%), nickel (↓6%), lead (↓1.1%) and zinc (↓3%) each finishing at $2.24, $3.99, $0.84 and $0.82 per pound respectively, while the iron ore spot price rocketed up past the $60 per tonne level on Tuesday before settling at $55 per tonne on Friday. WTI prices continued to rise steadily this week, with more commentators suggesting a bottom in oil prices had been reached despite continued global oversupply, approaching the $40 per barrel level for the first time since July last year. Finally, uranium prices were an anomaly in an otherwise bullish commodities sector, with the UxC Broker Average Price (BAP) falling below the $30 per pound level for the first time since August 2014, finishing at $28.50 per pound, despite positive news out of China Friday regarding its intention to continue building its strategic reserves.

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The Dig - Wochen-Rückblick vom Haywood Mining Team

Der lesenswerte Wochenrückblick von Haywood:

The Weekly Dig

Haywood Mining Team

Crunch Time for Commodities/Mining Equities as PDAC Approaches

§  The rally in metal prices and mining equities continued unabated this week. However, while precious metals, particularly gold (↑2.8%; $1,262 per ounce this week), have risen on the back on global economic uncertainty, especially in the U.S., the recent rise in base metals has taken many investors by surprise. Testing the $2.00 per pound level a little less than a month ago, the price of copper has since risen by 12%. This week alone, copper is up 6.4%, while nickel (↑9.1%), lead (↑6.78%) and zinc (↑5.24%) have each risen significantly this week, with nickel rocketing past the $4.00 per pound level to finish at $4.23 per pound. While the rise in gold can be attributed to investors seeking safe-haven assets following the fall in global stock markets worldwide, the rise in base metals is not so easily explained; concerns over global economic growth, particularly in China, would imply significant downward pressure on base and industrial metal prices, certainly copper, or Dr. Copper as it is affectionately known (at least in a bull market) has historically been viewed as the bellwether for global growth. Some view this counterintuitive move as a reflection of the opaque nature of China’s economy, and that perhaps growth in the Country is not as significant as first thought. Regardless of the reasons, however, many view the timing of the PDAC, and the performance of metals and mining equities syn- and post- the world’s largest mining conference as a reliable indicator for what is in store for the summer. This view is borne from the performance of metals and equities during the same period since 2011, with initial positive signs giving way to a subsequent downturn in metal/equity prices at and around the PDAC. Silver (↑5%), platinum (↑6.6%) and palladium (↑13%) also finished up, closing at $15.55, $979 and $556 per ounce respectively. Meanwhile, WTI crude prices also rose during the week, finishing at $36.23 per barrel, while the UxC Broker Average Price (BAP) of uranium fell below $32.00 per pound, finishing at $31.38 per pound on Friday.

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Rohstoff- und Minenbranche: The Dig - Wochen-Rückblick vom Haywood Mining Team

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February 12, 2016

The Weekly Dig

Haywood Mining Team

Gold Price/Equities Run Continues as Investors Seek Safe-Haven Assets

§  Following last week’s rise in the price of gold, the yellow metal surged again this week, breaking through the $1,200 per ounce level as global markets capitulated further and investors moved towards traditional safe-haven assets including gold, the yen and government bonds. Despite easing slightly on Friday, gold hovered around the $1,240 mark for most of the day, after reaching a peak of $1,263 per ounce yesterday, before settling at $1,239 per ounce (↑5.2%). Gold equities followed suit, with the S&P/TSX Global Gold Index rising a further 10% this week, while long-suffering junior gold explorers also benefited. Whilst gold miners reaped the rewards of a rising gold price, the sustainability of the rally is still being brought into question, with a number of observers pointing to similar new-year rallies that have occurred since late 2011. Certainly, growth figures from the Eurozone and retail sales figures in the U.S. appeared to ease concerns over the economy (at least temporarily), with the Dow Jones Industrial Average recovering by 2% after falling 4% between Monday and Thursday.  Silver (↑4.7%), platinum (↑4.6%) and palladium (↑4.2%) also surged on the back of the price of gold, with each finishing at $15.79, $955 and $524 per ounce respectively. By comparison, base metals had a mixed week; both copper (↓2.81%), and nickel (↓4.26%) fell to $2.03 and $3.53 per pound respectively, while lead (↑4.6%) and zinc (↑2%) continued to rise as supply concerns following a number of imminent mine closures begin to take hold; both metals finished at $0.84 and $0.78 per pound on Friday. WTI crude prices followed the rout in global markets, falling 12% to Thursday before recovering on Friday to finish at $29.02 per barrel. Finally, the UxC Broker Average Price (BAP) of uranium continued its gradual decline of recent weeks, falling 1% and finishing at $46.00 per pound on Friday.

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The Dig - Wochen-Rückblick vom Haywood Mining Team

Der lesenswerte Wochenrückblick von Haywood:

The Weekly Dig

Haywood Mining Team

Interest Rates Held Steady as Markets Undergo Late-Week Rally

§  Key interest rate decisions from both the Bank of Canada and European Central Bank this week perhaps reflected the ongoing turmoil in global markets, despite expectations from some quarters that the BOC would lower rates further below its current rate of 0.5%. The decision in Canada came on the back of further weakening of the Canadian dollar, which ironically rallied 3.8% on Wednesday’s low against the U.S. dollar, and expectations of a stimulus-heavy federal budget later in the year. A similar tone was set in Europe this week, with the ECB leaving rates on hold as its president hinted that fresh stimulus into the Eurozone may be implemented in March. Draghi acknowledged growing uncertainty about the economy as he said the central bank would review its policy in March – sooner than many investors were expecting. The week saw oil hit fresh new lows, with WTI crude falling as low as $27.98 per barrel during intra-day trading on Wednesday before rebounding sharply later in the week as a severe snow storm approached the east coast and comments made by Saudi Arabia that prices lower than $30 per barrel for oil were “irrational”. WTI rose 5.5% for the week to finish at $32.20 per barrel. Metals were up overall for the week; gold pierced the $1,100 per ounce mark before settling at $1,099 per ounce on Friday, while silver (↑0.75%), platinum (↑0.3%) and palladium (↑5%) were also up, finishing at $14.04, $832 and $497 per ounce respectively. Base metals experienced a reprieve this week, with copper (↑2.7%), nickel (↑3.6%), lead (↑2.5%) and zinc (↑2.7%) finishing at $2.00, $3.93, $0.74 and $0.68 per pound respectively. The UxC Broker Average Price (BAP) of uranium finished slightly lower at $34.75 per pound.

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Rohstoff- und Minenbranche: The Dig - Wochen-Rückblick vom Haywood Mining Team

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Haywood Weekly Dig: Canadian markets at 52-week lows as commodities capitulate further

POSTED ON JANUARY 15, 2016 BY HAYWOOD MINING TEAM
CATEGORY HAYWOOD MINING TEAM, STORIES, 

Global markets continued to fall this week as the fall in commodity prices continued unabated. Both the TSX Composite and Venture Indices fell to 52-week lows on the back of continued falling oil prices, led by WTI crude which fell below the $30 per barrel level for the first time since 2003 as Iran prepared to export into a market already in oversupply.

While the TSX Composite Index approached the 12,000 level, finishing at 12,073 on Friday, the TSX Venture Index once again fell below the 500 level for the second time in one month to finish at 489. The loonie fell below the US$0.69 mark for the first time in 15 years. Miners were hammered during the week, with both the S&P/TSX Global Mining and Base Metals Indices hitting 52-week lows. The price of copper (↓3.6%) also fell to a 52-week low, crashing through the $2.00 per pound level to finish at $1.94 per pound, while nickel (↓2%), zinc (↓1.9%) and lead (↓1%) also lost ground, finishing at $3.79, $0.67 and $0.73 per pound.

In the midst of the global market rout, miners began releasing 2015 production results and guidance for 2016, with one diversified miner recording a $7.2 billion write-down (its largest ever) on its U.S. shale gas assets. Gold (↓1.4%) experienced a volatile week after piercing the $1.100 per ounce level last week; the yellow metal fell mid-week to as low as $1,071 per ounce during intra-day trading on Thursday before recovering to finish slightly lower for the week at $1,089 per ounce. Silver, platinum and palladium also lost ground, finishing at $13.93, $829 and $492 per ounce respectively. Finally, the UxC Broker Average Price (BAP) of uranium bucked the trend, finishing higher at $34.81 per pound.

Full report here

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$NXE $LUG $PLG $TGM $BTO $EDV $CS $CUM $DGC $OR

Quelle: http://ceo.ca/2016/01/15/haywood-weekly-dig-canadian-markets-at-52-week-lows-as-commodities-capitulate-further/

Haywood's Weekly Dig: Miners in Spotlight after Hotel Attacked by Terrorists in Mali

Ein erneut trauriger Abschluss einer lebhaften Handelswoche:

In a week where the world was reminded of the threat that terrorist groups pose, 127 people were killed following systematic attacks on various locations in Paris (See page 2), while another terrorist attack, this time in Mali, coincided with the end of the Mali International Mining Conference and Exhibition; the attack took place at the popular Radisson Blue Hotel in the Malian capital of Bamako, where gunmen killed 27 people, and took 170 others hostage. 

Several mining companies have operations/projects in the region including B2Gold Corp. (BTO-T), IAMGOLD Corp. (IAG-NYSE) and Randgold Resources Ltd. (RRS-LON); B2Gold reported two of its employees who were staying at the hotel at the time of the siege were later extracted safely, while concerns that other delegates from the conference may have also been staying at the hotel. At the time of publication, reports suggested that the hostage situation was over. 

Meanwhile, copper (↓4.8%) plunged further towards the $2.00 per pound level, before finishing at 2.09 per pound, while nickel (↓8%), lead (↓0.87%) and zinc (↓3.39%) each finished at $3.94, $0.72 and 0.70 per pound respectively. Precious metals were mixed, with gold (↓0.5%), silver (↓0.5%) and platinum (↓0.6%) all lower, finishing at $1,076, $14.18 and $855 per ounce respectively, while palladium (↑4%) recovered slightly after last week’s 15% fall to finish at $563 per ounce. The price of WTI crude (↓1%) dropped slightly to finish at $41.72 per barrel, while the UxC Broker Average Price (BAP) of uranium rose slightly after remaining flat for most of last week, finishing at $36.11 per pound.

Click here for the full report: http://cdn.ceo.ca/1b4vabf-MMNov202015_CEO_secured.pdf 

Stocks mentioned: $BAR $BTO $EDV $ROG $TV $TGM $TXR $PGE $IAG

Rohstoff- und Minenbranche: The Dig - Wochen-Rückblick vom Haywood Mining Team

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The Dig – Haywood Mining Team’s week in review

POSTED ON JULY 03, 2015 BY HAYWOOD MINING TEAM
CATEGORY HAYWOOD MINING TEAM,

Referendum on Greek Austerity Draws Near

At the time of writing, the people of Greece were preparing for a referendum on whether to accept austerity measures imposed by creditors as part of a bailout the country desperately needs. Negotiations stalled after Greece and its creditors failed to reach an agreement on conditions for releasing emergency funds, resulting in the southern European nation effectively defaulting on its debts. According to polls, Greece is split down the middle in terms of whether to accept European imposed reforms as part of the bailout package. Earlier in the week, capital controls on its banks were imposed as the public struggled to withdraw funds from the banks. In commodities, both gold (↓0.58%) and silver (↓0.70%) trended downward this week, finishing at $1,168 and $15.66 per ounce respectively. Meanwhile, platinum prices was flat, while the price of palladium (↑0.92%) was up for the week, finishing at $1,083 and $686 per ounce respectively. Copper was flat after its 2% rise last week, closing at $2.61 per pound, while nickel continued its slide, down another 3.7% this week, representing a 20% slide since the beginning of the year. Lead (↓0.4%) and zinc (↓0.66%) were down slightly, with several commentators suggesting a 200,000-tonne oversupply of zinc globally in 2015. Both metals closed at $0.80 and $0.91 per pound respectively. The UxC Broker Average Price (BAP) for uranium was down slightly after remaining flat last week, finishing at $37.25 per pound. Finally, the price of WTI crude fell more than 5% to finish at $55.52 per barrel.

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Uranium in Focus After Expansion Plans Cancelled at Australian Mine – Haywood Weekly Dig

POSTED ON JUNE 12, 2015 BY HAYWOOD MINING TEAM
CATEGORY HAYWOOD SECURITIES,

A final feasibility study for the Ranger uranium mine in Australia has been cancelled, effectively suspending any future plans for development of Ranger 3 Deeps indefinitely. The news is the latest in what has been a difficult period for uranium miners following the Fukushima disaster in March 2011, which resulted in the shutdown of Japanese nuclear plants and increased global stockpiles as a consequence, which were already in over-supply prior to the disaster. Whether this announcement is a catalyst for similar announcements at other marginal uranium operations remains to be seen, but could see a shift in sentiment for the price of uranium which has been depressed for some time. The UxC Broker Average Price (BAP) for uranium was up marginally for the week (↑2%) finishing at $36.44 per pound on Friday. Meanwhile, the price of gold remained steady this week (↑0.8%), despite more positive economic news out of the U.S. including retail sales and consumer price figures. Gold finished at $1,180 per ounce, while silver (↓0.9%), platinum (↓0.06%) and palladium (↓2%) all finished lower, closing at $15.89, $1,096 and $739 per ounce respectively. All the major base metals suffered marginal losses during the week; copper (↓0.6%), nickel (↓0.4%), lead (↓2%), and zinc (↓0.25%) each finishing at $2.68, $5.94, $0.84 and $0.96 per pound respectively. Copper in particular suffered a late-week slump after a four-day rally reached over $2.75 per pound mid-week. Finally, the price of WTI crude continued its volatile run, finishing at $59.97 per barrel on Friday..

Quelle: http://ceo.ca/2015/06/12/uranium-in-focus-after-expansion-plans-cancelled-at-australian-mine-haywood-weekly-dig/

Rohstoff- und Minenbranche: The Dig - Wochen-Rückblick vom Haywood Mining Team

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The Dig – Haywood Mining Team’s week in review

POSTED ON MARCH 20, 2015 BY HAYWOOD MINING TEAM
CATEGORY HAYWOOD MINING TEAM, THE WEEKLY DIG,

Haywood’s Heritage Moment: Oil Rigs & Mining The mineral barite is used to add weight to oil well drilling mud to keep oil in the drill hole and prevent oil from gushing out of the hole. Source: USGS

Gold Rises After Fed Tempers Interest Rate Forecast

Playing down expectations of an interest rate rise in the short-term, the Federal Reserve’s speech was reflective of a negative week in economic data in the U.S., translating to a depreciating dollar and rebound in precious metals prices. Major economic indicators including housing starts, industrial production and initial jobless claims were all negative, perhaps reflecting the harsh winter conditions in February/March that may have impacted economic activity. In her speech in Washington on Wednesday, Yellen stated that current interest rate policy “remains appropriate”, and that the Fed is not likely to raise interest rates in April, and that any potential change in June would be dictated by economic data moving forward. In response, gold rose 2% to finish at $1,182 per ounce on Friday, while silver (up 6.5%) and platinum (up 1.8%) were also up, finishing at $16.74 and $1,139 per ounce respectively. Palladium was down for the week (down 2.1%) finishing at $777 per ounce. Base metals were a mixed bag this week, with copper (up 3.1%) and zinc (up 2.6%) closing at $2.76 and $0.93 per pound respectively, while nickel and lead both lost ground closing at $6.45 and 0.81 per pound respectively. The UxC Broker Average Price (BAP) of uranium rose above the $40 per pound mark on Wednesday, before dropping back to $39.25 per pound on Friday. Finally, WTI crude prices continued to be highly volatile, almost falling to $42 per barrel before recovering to finish the week at $45.72 per barrel.

Here’s an overview of what’s in the Dig this week:

Click here for the full report.

Important Information and Legal Disclaimers
All prices are in C$ unless noted

Source: http://ceo.ca/2015/03/20/the-dig-haywood-mining-teams-week-in-review-30/

Rohstoff- und Minenbranche: The Dig - Wochen-Rückblick vom Haywood Mining Team

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The Dig – Haywood Mining Team’s week in review

POSTED ON MARCH 13, 2015 BY HAYWOOD MINING TEAM
CATEGORY HAYWOOD MINING TEAM,

Haywood’s Heritage Moment: Babylonian Customer Service, C. 1750 BC. According to the British  Museum’s description: “Clay tablet; letter from Nanni to Ea-nasir complaining that the wrong grade of copper ore has been delivered after a gulf voyage and about misdirection and delay of  a further delivery, slightly damaged.” Source: Yahoo

Strengthening Dollar/Weak Chinese Data Continue to Weigh on Commodities

It was another difficult week for base/precious metals, as the U.S. dollar continues to strengthen, and economic data out of China continues to disappoint. In particular, gold slid further towards $1,100 per ounce, although some commentators argue the slide is less than what would be expected given the looming prospect of higher U.S. interest rates; the price of gold finished at $1,155 per ounce on Friday. Other precious metals also fell during the week, with silver (2%), platinum (4%) and palladium (3.2%) each finishing at $15.56, $1,117 and $794 per ounce respectively. In base metals, nickel (1.7%) and lead (2.34%) both fell during the week, with the latter plunging 0.6% on Friday after a dramatic rise in LME stockpiles, which rose 7.6% to 228,700 tonnes. Lead closed at $0.81 per pound on Friday, while zinc was flat for the week. Nickel was at $6.39 per pound by market close on Friday. Iron ore fines (CFR North China) stayed below $60 per tonne as several major iron ore miners announced further plans to increase production output, sparking concerns from junior miners that they are being priced out of the market. WTI crude prices fell further during the week, falling briefly below $45 per barrel before finishing at $45.14 per barrel on Friday. Finally, the UxC Broker Average Price (BAP) of uranium lost ground slightly during the week, finishing at $39.38 per pound on Friday.

Here’s an overview of what’s in the Dig this week:

Click here for the full report.

Important Information and Legal Disclaimers
All prices are in C$ unless noted

Link: http://ceo.ca/2015/03/13/the-dig-haywood-mining-teams-week-in-review-29/

Rohstoff- und Minenbranche: The Dig - Wochen-Rückblick vom Haywood Mining Team

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The Dig – Haywood Mining Team’s week in review

POSTED ON FEBRUARY 20, 2015 BY HAYWOOD MINING TEAM
CATEGORY HAYWOOD MINING TEAM,

Haywood’s Heritage Moment:  The Koh-INoor or ‘Mountain of Light’. This is a 105 carat diamond that was unearthed in the southern India state of Andhra Pradesh and is one of the most famous diamonds of all time. It’s now part of the British Crown of Jewels. It was famously said that whoever owned the Koh-I-Noor ruled the world.  Source: Mining IQ

Gold Dips Below $1,200 As “Grexit” Concerns Ease

On Friday, euro zone finance ministers drafted an agreement that could see Greece’s financial rescue package extended; however, there are still significant hurdles to any agreement, with Greece’s biggest creditor, Germany, demanding “significant improvements” to reform commitments by the leftist Greek government. The draft comes as the expiration data for the 240 billion EU/IMF bailout program approaches; if an agreement is not reached over the next week, this would likely see Greece exit the currency, sending financial markets (particularly in Europe) into turmoil. In response, the price of gold fell below $1,200 per ounce, down 0.4% for the week before rising slightly again and finishing at $1,201. Other precious metals including silver (down 7%), platinum (down 3.8%) and palladium (down 1.5%) also fell during the week, finishing at $16.21, $1,164 and $780 per ounce respectively. Base metals also had a tough week, following continued negative economic news from China, which included a fifth straight monthly decline in housing prices in January. Copper, nickel, lead and zinc each finished at $2.59, $6.30, $0.80 and $0.92 per pound respectively. WTI crude prices experienced high volatility during the week, falling 5% and finishing at just above $50.00 per barrel on Friday. Finally, the UxC Broker Average Price (BAP) of uranium rose slightly during the week, finishing at $38.38 per pound on Friday.

Here’s an overview of what’s in the Dig this week:

Click here for the full report.

Important Information and Legal Disclaimers
All prices are in C$ unless noted

Rohstoff- und Minenbranche: The Dig - Wochen-Rückblick vom Haywood Mining Team

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The Dig – Haywood Mining Team’s week in review

POSTED ON JANUARY 30, 2015 BY HAYWOOD MINING TEAM
CATEGORY HAYWOOD MINING TEAM, THE WEEKLY DIG,

Haywood’s Heritage Moment:  From 1100-1500 AD the status of the miner was much changed from Roman times. The trade of mining, which included shaft sinking, became a respected profession. Agricola, in his book De Re Metallica published in 1556, gives a number of references to shaft sinking. Advance rates at the end of this period were probaly in the range of one to two metres per month. Source:Canadian Institute of Mining, Metallurgy and Petroleum

Concerns over EU Economy Grow as Greece Elects Anti-Austerity Government

News for the week was dominated by the election of the left-wing Syriza party in Greece, whose election platform centred on anti-austerity rhetoric, concerning EU leaders. It was a decisive victory for the hardline party, falling just two seats short of an outright majority; shortly after the victory, a coalition was signed with the small Independent Greeks party which also opposes the EU austerity program. In addition, the party announced its opposition to a mine currently being developed by a Canadian gold company. In commodities, gold retreated after last week touching the $1,300 level, before a Friday recovery finishing at $1,285 per ounce (down 0.77%) while silver also retreated (down 7%) and finishing at $17.26 per ounce. Platinum was also down this week (down 2.3%) and finishing at $1,240 per ounce, while palladium was relatively flat at $772 per ounce. In base metals, copper finished at $2.51 per pound, similar to last week, as LME copper inventories continue to rise. Nickel (up 5.3%), lead (up 0.62%) and zinc (up 1.6%) finished at $6.85, $0.84 and $0.96 per pound respectively. the UxC Broker Average Price (BAP) of uranium continued its steady rise from last week, finishing at $37.19 /lb U3O8, while WTI crude fell below before a Friday recovery which saw the price move briefly above the $48/bbl mark before finishing at $47.53/bbl.

Here’s an overview of what’s in the Dig this week:

Click here for the full report.

Important Information and Legal Disclaimers
All prices are in C$ unless noted