Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
London Metal Exchange futures prices were mixed this morning, with tin, lead and nickel posting small gains and the rest of metals falling slightly below their Monday prices on Tuesday March 30 morning, with broader markets acting as headwinds.LME lead made the biggest gains on Tuesday morning of 0.7% to $1,970 per tonne, from a Monday price of $1,956.50 per tonne, when it was the only metal to cl...Read More
Apart from aluminium, base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were firmer this morning, Tuesday March 30, with broader markets also firmer having partially shook off, for now, contagion worries from last week's hedge fund troubles. US Treasury 10-year yields jump higher againWeakness in gold prices and stronger bond yields suggest market is not lookin...Read More
Seaborne premium hard coking coal prices reversed down in the cfr market and inched higher in the fob market on Friday March 26 amid a positive outlook on the demand side in the fob market, sources said.The seaborne low-volatility pulverized coal injection price increased in the fob market amid more procurement activity while falling down in the cfr market due to weak demand and sufficient local s...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it...Read More
Teck Resources has agreed to supply China's largest zinc smelter with zinc concentrates from its Red Dog mine this year, diversifying the market for what is one of the world's biggest exporters of the metal.Hechi Nanfang, which produces 400,000 tonnes of refined zinc annually, will receive up to 30,000 tonnes of Red Dog zinc concentrates this year, three sources source with knowledge of the matter...Read More
Strengthening market sentiment has been the driving force behind the recent robust performance in China's selenium market, according to sources.Fastmarkets' weekly price assessment for selenium 99.9% Se min, in-whs China was 155-190 yuan ($24-29) per kg on Friday March 26, up by 10-25 yuan per kg (11.3%) from 130-180 yuan per kg a week earlier. The low end of the range represents prices for domest...Read More
A summary of China-headquartered Huayou Cobalt's 2020 annual report, released by the company on Tuesday March 30.In briefRevenue: 21.19 billion yuan ($3.23 billion), up by 12.38% year on yearNet profit: 1.12 billion yuan, up by 1,549.03% year on yearRevenue for battery materials sector: 7.76 billion yuan, up by 11% year on yearRevenue for non-ferrous...Read More
Growing gold miner Equinox Gold (TSX: EQX; NYSE: EQX) has announced that, in response to a request from Ecuador-focused explorer Solaris Resources (TSX: SLS), it has agreed to sell 10 million of the 27.8 million Solaris shares it currently holds at $8.25 a share. The miner will also grant the buyers, Augusta Investments (a B.C.-based corporation associated with Solaris chairman Richard Warke) and...Read More
Copper Mountain Mining (TSX: CMMC) has successfully priced US$250 million in senior secured bonds in the Nordic bond market. The five-year bonds, bearing interest at 8% per year, will mature in April 2026. The offering is expected to close on April 9.The Vancouver-based company says it plans to use the funds to refinance all existing debt, and to advance its growth projects at its Copper Mountain...Read More
This week's episode features Catherine Gignac, corporate director at Cameco, and Margot Naudie, vice president at Marret Asset Management. The trailblazers panel session took place on Feb. 24, 2021, as part of The Northern Miner's Global Mining Symposium. The panel discussed ways to make mine sites more inclusive and whether diversity quotas should be enacted at executive levels.All this and more...Read More
Osisko Mining (TSX: OSK) has reported the latest drill results from its 100%-owned Windfall gold project in Quebec's Abitibi greenstone belt, 200 km northeast of Val-d'Or and 115 km east of Lebel-sur-Quevillon.Highlights included drillhole OSK-W-20-2407-W1, which was drilled on the Underdog zone and intersected 4.4 metres grading 73.3 grams gold per tonne from 702.6 metres. Hole OSK-W-21-2460-W1,...Read More
Taseko Mines (TSX: TKO; NYSE-AM: TGB; LSE: TKO) can move forward with its Florence copper in-situ project after the Arizona Court of Appeals ruled in its favour and rejected arguments made against the project by the Town of Florence. The ruling, announced on March 23, upheld the company's right to mine its private property within the town, and also awarded the company US$1.7 million in legal costs...Read More
With the release of feasibility study results on a two-pit milling operation at its Valentine project in central Newfoundland and Labrador, Marathon Gold (TSX: MOZ) sees potential to pour first gold by October 2023.The latest study presents a development scenario with two open pits at the Marathon and Leprechaun deposits and a central mill that is unchanged from the April 2020 pre-feasibility.With...Read More
Dundee Precious Metals' (TSX: DPM) latest reserve update for its Chelopech gold-copper mine in Bulgaria has increased reserves by 10% and the mine life by two years to 2029.Total proven and probable reserves are now 18.6 million tonnes grading 2.89 grams gold per tonne, 7.73 grams silver per tonne and 0.84% gold for 1.7 million oz. gold, 4.6 million oz. silver and 344.4 million lb. copper.While re...Read More
A year ago, Toronto-based Cerrado Gold (TSXV: CERT) acquired 100% of the Minera Don Nicol??s (MDN) property in southern Argentina from a group of private investors.The project, about 1,600 km southwest of Buenos Aires in the Patagonian province of Santa Cruz, has nine pits, three of which are currently in production, and about twelve high-priority exploration targets.MDN has been producing small...Read More
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) says part of the proceeds from the recently completed US$575 million, 2.50% convertible senior notes offering will be used to accelerate the Phase 3 expansion at the Kamoa-Kakula copper mine in the Democratic Republic of the Congo. According to the company, fast-tracking additional hydropower upgrades in the DRC also is a high-priority opportunity to ensure...Read More
Structural bull market or flash in the pan? One copper miner isn't taking its chances.Canada's Taseko is expanding a copper hedging strategy to cover 41 million lbs (18,597 tonnes) at a price of $3.75 per lb ($8,267 per tonne), throughout the second half of 2021, it said late on March 29."With the...Read More
Production to resume at Oktyabrsky early MayRead full newsRead More
Confident of 'secret sauce' in DRCRead full newsRead More