Garibaldi, fellow BC Golden Triangle explorer Metallis Resources, Manitoba lithium explorer QMC Quantum Minerals Corp, Western Australia conglomerate gold sensation Novo Resources, and Idaho gold explorer Integra Resources all started June with stock prices 35% or more below their 52-week highs.But they led the market for overall gains in the 12 months to June 1, rising 369% or more for the period...Read More
SHANGHAI, Jun 4 (SMM) – A total of 226 metal and nonmetal mines in Tangshan, Hebei province are required to suspend operation until they obtain a valid "safe production licence", or renew their licences, according to a municipal government notice released on Sunday June 3.The suspension is likely to further tighten supplies of iron ore concentrate in Tangshan and sup...Read More
Gold bulls extraordinaire at Incrementum AG have laid out a major case for gold company investors to make big gains over the next few years in their latest, ‘In Gold We Trust' report.Read More
The US$10.5 million JV over Hammer's Overlander, Even Steven and Dronfield iron oxide-copper-gold targets was signed in late 2015, with Newmont having the potential to earn up to 80%.Read More
SHANGHAI, Jun 4 (SMM) – China’s copper scrap imports are likely to remain at low levels in May as Chinese authorities imposed broad-based inspections on all scrap materials from the US from May 4, SMM believed.China imported 180,000 mt of copper scrap in April, down 36.7% year on year and 19.3% month on month, according to data from Chinese Customs. This marked a third l...Read More
SHANGHAI, Jun 4 (SMM) –Copper: The SHFE 1807 contract rose above the daily moving average after it fell to a low of 51,490 yuan/mt last Friday night. Technically, LME copper now struggles among several moving averages. We see some upward momentum for it as its KDJ indicator expands upwards. The SHFE 1807 contract now stands firmly above the 51,500 yuan/mt level. We expect LME copper to...Read More
The assets include the Mount Block exploration tenement, an access easement and the Que River mine lease as well as the remaining base metal exploration and development rights on the Hellyer polymetallic mine lease, in Tasmania's west.NQ Minerals agreed to acquire the package with a view to starting gold production from Hellyer later this year.Bass first announced the deal in May 2017, with the in...Read More
Consolidated Mining and Civil (CMC), which is already a profit sharing partner at the Portia gold mine, will pay $13.5 million in staged cash payments over 18 months and replace rehabilitation obligation funding of $1.2 million.Read More
Executives at Sweden's Epiroc will present at a number of institutional events in the coming weeks, ahead of and after its scheduled June 18 public listing (and separation from Atlas Copco). Their main focus will be financial and market data released at last week's inaugural Epiroc Capital Markets Day, but there will be plenty of questions about longer-term growth prospects within and outside the...Read More
The CEO of Australian iron ore producer Fortescue Metals Group (ASX:FMG) said that the company is working towards finding other commodities to mine.In an interview with local conglomerate Fairfax Media, Elizabeth Gaines said that she has high hopes for the exploration work for copper, gold and lithium that the company is advancing in Ecuador and Argentina. Gaines said that finding the right projec...Read More
"We are only about half way through the drilling we thought we would have done by now," CEO George Salamis tells Mining Journal in an interview.Read More
Investing.com - Gold prices were lower on Friday, as the U.S. dollar strengthened after a better than expected jobs report.Comex gold futures for June delivery were down 0.48% to $1,293.90 a troy ounce as of 10:33 AM ET (14:33 GMT).Nonfarm payrolls rose by 223,000 in May, according to official data released on Friday. The data was higher than the consensus estimate for the creation of 189,000 jobs...Read More
The Vancouver-based miner, which currently operates the Guanajuato mine complex and the Topia mine, in Mexico, said the bulk sample programme would establish two trial stopes to test two planned mine methods. The company expects to leverage its expertise in developing and operating underground, narrow vein mines in Mexico to advance Coricancha.Read More
Investing.com - Gold prices inched down on Friday, as the U.S. dollar strengthened ahead of the monthly nonfarm payrolls data and trade worries lingered.Comex gold futures for June delivery were down 0.08% to $1,299.10 a troy ounce as of 4:38 AM ET (8:38 GMT).The nonfarm payrolls data, often seen as an indicator of the health of the U.S. economy, is expected at 8:30 AM ET (12:30 GMT). Traders will...Read More
According to RNC CEO Mark Selby, the credit facility provides "tremendous" balance sheet support and flexibility by eliminating the bulk of our debt repayments until May 2019, which will allow the company to unlock significant capital during this period.This will transpire in three ways, namely through the March-announced sale of the Beta Hunt nickel mine in Australia; maximising investments for D...Read More
Nutrien auctioned its remaining 20.17-million B-series shares in SQM on Chile's IPSA stock exchange for 31 000 pesos ($49.05) a share, raising nearly $1 billion.Read More
Self-employed truck drivers walked off their jobs on May 21, demanding a decrease of the diesel price, exemption from certain tolls, as well as a legal and tax reform related to truck driving.Read More
The price of cobalt is down 7% since hitting near 10-year peaks in March to exchange hands for $89,000 a tonne this week.Cobalt is still up nearly fourfold since hitting multi-year lows at the beginning of 2016 as worries about supply of the battery raw material combine with expectations of booming demand from the electric vehicle sector. Cobalt's traditional application as an alloy in among oth...Read More
LIMA, June 1 (Reuters) - China's COSCO Shipping Holdings Co Ltd will build and operate a $2 billion port on Peru's Pacific coast, part of $10 billion upcoming Chinese investments in the copper-producing nation, China's ambassador to Peru announced on Friday.The proposed port in Chancay, a town 58 km (36 miles) north of the Peruvian capital Lima, was last under the control of Peruvian miner Volcan....Read More