IWCC expects global copper surplus to hit 285,000 tonnes this year and 675,000 tonnes in 2021.Read full newsRead More
Is the move a precursor to Chinese company delistings from US exchanges.Read full newsRead More
The path of Canadian stocks through the COVID-19 fog is likely to be guided by inflation expectations. We explain why in our INK Canadian Insider Index quarterly rebalancing video presentation released Tuesday. The video is free. After rebounding from March lows, inflation expectations are now consolidating. Should they move significantly up or down from here, their direction will likely signal i...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce the acquisition through staking of six new uranium exploration properties totaling over 57,000ha in the prolific Eastern Athabasca Basin of Saskatchewan (Figure 1). All of the new claims are 100% owned by IsoEnergy.New Property Summary:Hawk: 6,000ha located 37km west of Larocque East, home of the Hurricane Zon...Read More
Gold prices edged lower on Tuesday after a long winning streak since the start of 2020. As riskier assets like gold stocks gained traction, Canadian junior gold miners have a reason to be optimistic. Gold prices moved lower, and continued to trade sideways unable to break down, after reaching a 7.5-year high last week. Prices fell below support near the 10-day moving average at $1732, whi...Read More
For investors focused on growth, investing in the shares of Lundin Mining (TSX:LUN) for the long term can fetch exceptional returns. Lundin Mining is a diversified base metals mining company that owns five mines in the low-risk and safe regions.Moreover, the company maintains a strong balance sheet and has a low leverage profile, implying it can survive the current crisis. The COVID-19 o...Read More
1. Gold drifts sideways in typical weak season trading, silver looks better, and the miners look awesome!2. Please click here now. Double-click to enlarge this gold chart. It's clear that both upside and downside breakouts are failing, and the gold price continues to ooze sideways.3. A rectangle pattern is in play. The good news is that basis the Edwards and Magee technica...Read More
Lundin Gold's Fruta del Norte gold project in the Cordillera del Condor near Loja, Ecuador. Credit: Lundin Gold. BMO Capital Markets will buy 4.15 million common shares of Lundin Gold (TSX: LUG) at C$12.05 per share in a bought deal financing that will raise C$50 million for the Vancouver-based gold miner. The deal includes an overallotment option for up to 15% of the offering.Newcrest Mining...Read More
A historic headframe at Maple Gold Mines' Douay gold property in northern Quebec. Credit: Maple Gold Mines. Drilling within the Porphyry zone at Maple Gold's 355-sq.-km Douay project in Quebec has intersected mineralization within current conceptual pit shells outside of the existing resource model.The company has released assay results for two holes; drill highlights include 17 metres of 1.91 g...Read More
A drill site at Ascot Resources' Premier project. Credit: Ascot Resources. Ascot Resources has announced a C$25 million bought deal, led by Desjardins Capital Markets and Stifel GMP.The underwriters have agreed to purchase 29.4 million shares of the company at C$0.85 per share for gross proceeds of C$25 million. They have an over-allotment option, exercisable within 30 days of closing, to purcha...Read More
Palladium One Mining's Lantinen Koillismaa (LK) project in northern Finland. Credit: Palladium One Mining. Palladium One has traced a new drill target within its wholly owned Lantinen Koillismaa (LK) project in Finland, 190 km northeast of Oulu.The latest target is within the Haukiaho East induced polarization (IP) survey grid, which covers 1.6 km within the 17-km-long prospective Haukiaho tren...Read More
A study of the often overlooked E&C sector by Citi, an investment bank, found that leading Australian mining service providers such as Monadelphous and NRW Holdings have been oversold on the stockRead More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click hereSteenkamp told a virtual panel of industry leaders yesterday the fact 196 people had tested positive for COVID-19 at AngloGold's Mponeng gold mine would not affect t...Read More
Whenever the electric vehicle boom comes to mind, there's always one powerful quote that comes to mind.I'll bet you know the one I mean.Decades ago, Rashid bin Saeed Al Maktoum delivered these prophetic words to us:My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel.He was the first Prim...Read More
Drilling within the Porphyry zone at Maple Gold Mines' (TSXV: MGM; US-OTC: MGMLF) 355-sq.-km Douay project in northern Quebec has intersected mineralization outside of the existing resource model.The company has released assay results for two holes. Drill highlights include 17 metres of 1.91 grams gold per tonne starting at 189 metres downhole from hole 20-283 as well as a number of gold zones wit...Read More
BMO Capital Markets will buy 4.15 million common shares of Lundin Gold (TSX: LUG) at $12.05 per share in a bought deal financing that will raise $50 million for the Vancouver-based gold miner. The deal includes an overallotment option for up to 15% of the offering.Newcrest Mining (ASX: NCM), which owns 32% of the company, and Orion Mine Finance, which has an 11% stake, have exercised their rights...Read More
A judge in the Brazilian state of Minas Gerais has partially granted an injunction sought by prosecutors by ordering Vale (NYSE: VALE) to set aside 7.9 billion reais (US$1.5 billion) to pay potential fines related to the tailings dam collapse that killed 270 people last year.The figure adds to the 1 billion reais (US$260 million at the time) in frozen funds a federal court ordered Vale to pay affe...Read More
Palladium One (TSXV: PDM; US-OTC: NKORF) has traced a new drill target within its wholly owned Lantinen Koillismaa (LK) project in Finland, 190 km northeast of Oulu.The latest target is within the Haukiaho East induced polarization (IP) survey grid, which covers 1.6 km within the 17-km long prospective Haukiaho trend. According to the company, the anomaly covers the entirety of the geophysical gri...Read More
A global copper surplus currently in the making is expected to get worse in the next 18 months as market disruptions have created greater uncertainty in the factors affecting supply and demand for the metal, a market's insider report shows.According to the International Wrought Copper Council (IWCC), which represents copper and copper alloy producers, supply is expected to surpass demand by 285,00...Read More
Talon Metals (TSX: TLO; US-OTC: TLOFF ) has raised $4 million in a non-brokered private placement of more than 40 million common shares at a price of 10 ? a share.The funds will be used to advance its Tamarack nickel-copper-cobalt project in north-central Minnesota, about 89 km west of Duluth and 210 km north of Minneapolis.Resource Capital Funds participated in the offering, purchasing 21.13 mill...Read More