Nexa Resources (TSX: NEXA; NYSE: NEXA) - one of the largest zinc producers in the world - has acquired a 9% stake in Tinka Resources (TSXV: TK; US-OTC: TKRFF), which is developing Ayawilca, one of the largest zinc projects in Peru.Nexa owns Peru's only operating zinc smelter as well as three underground base metals mines in the country, and according to Wood Mackenzie was among the top five produc...Read More
Mining companies adopted a more conservative approach after the 2015-16 market downturn to adjust to more volatile commodity prices, focusing on cost cutting, productivity and expanding liquidity says a new report by Moody's Investor Service, a ratings agency. Moody's says earnings for the 130 rated issuers in the industry have improved since mid-decade downturn, with EBITDA for 12 months through...Read More
Encouraged by positive results from its exploration program at the Pickle Crow gold project in northern Ontario, Australian junior Auteco Minerals (ASX: AUT) is planning to take a 51% interest in the past-producer, 400 km north of Thunder Bay.Under a joint-venture deal signed with First Mining Gold (TSX: FF) in January 2020, Auteco has completed enough exploration spending to earn a majority stake...Read More
Global production of iron ore products reached 2.2 billion tonnes in 2020 and is expected to reach 2.35 billion tonnes in 2021, according to Fastmarkets.Despite the Covid-19 pandemic, China has imported a record amount of iron ore, pushing the metal price high. Tight supplies helped lift the most-active futures contract for 62% iron-ore fines delivered to China to US$174.94 per metric tonne on Mar...Read More
"Given their deteriorating bilateral relations and China's imports restriction on Australian coal in recent years, we believe Beijing has identified its dependence on Australian resources as one ofRead More
When the FOMC met earlier this week, Jerome Powell stuck to his story..."Inflation continues to run below 2%," the Fed statement said, and is "running persistently below this longer-run goal." And while "indicators of economic activity and employment have turned up recently... the sectors most adversely affected by the pandemic remain weak."As a result, the FOMC will keep its target rate at a rock...Read More
WPIC tips growing demandRead full newsRead More
February 18, 2021- New Gold Inc. ("New Gold" or the "Company") (TSX and NYSE American: NGD) provides its annual operational outlook for the New AftonRead full newsRead More
Tight copper concentrate supply remains a concern for downstream copper players.Read full newsRead More
Energy producer BP Plc on Thursday announced plans to develop the UK's largest blue hydrogen production facility.Read full newsRead More
Copper, palladium up on Nornickel newsRead full newsRead More
Since pouring first gold in December 2020, commissioning activities at the PureGold Mine have transitioned to full scale ramp-up of the mining and...Read full newsRead More
The updated resource estimate will form the basis of the upcoming bankable feasibility study due out in Q2 2021.Read full newsRead More
These nickel stocks should provide solid returns as more EVs hit the roads. Their batteries require a lot of the metal to perfom well.Read full newsRead More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") a smart tech platform that automates the distribution of consumer-facing product information to retailers, announces today a bulk purchase of 500 Mesh Connectors?,,? from a Product Content Management (PCM) partner.The partner, a modern content management platform solution, engaged Venzee to fully automate the sy...Read More
The month of March was terrible last year. Stocks fell more than 30% within weeks amid recession fears. However, March 2021 is turning out to be way better. TSX stocks at large are up almost 5% so far this month. Interestingly, some high-growth names have notably fallen recently, which brings an excellent opportunity for long-term investors. If you were waiting for a market correction and have som...Read More
The TSX Index is abundant with cheap Canadian stocks that are still considerably off their all-time highs. In this piece, we’ll have a look at two of my favourites to buy on the latest bout of weakness.Top Canadian stocks worth buying on the dipWhile their share prices may have more downside, I still think they’re falling knives that are worth reaching out for ahead of what could be an...Read More
It yesterday closed an underwritten placement which raised C$35.1 million through the issue of shares priced at $1.95.It also said Zhaojin International had elected to maintain its 9.9% stake in the company and would purchase shares at $1.95, to provide further proceeds of $4.1 million."We also continue to re-fresh the debt process with various parties with a view to securing total project financi...Read More
Nornickel, the world's largest palladium producer and a major platinum producer, said this week PGM production could be almost 20% below guidance in 2021 as it expects to take three to four months to address the inflow of water at Oktyabrsky and Taimyrsky and ramp back up to full capacity.South Africa-based PGM producers including Impala Platinum have already reported record results in recent week...Read More
Share this article Santacruz Silver Mining Ltd. [SCZ-TSXV; SZSMF-OTC] said Thursday March 18 that it has increased the size of a previously announced non-brokered private placement to $14.1 million, with the lead order coming from Palisades Goldcorp Ltd.The company said the private placement will now consists of up to 47 million units at a purchase price of 30 cents per unit for gross proceeds...Read More