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
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday February 8:Aluminium scrapFloated Frag: ?,?1,060-1,105 per tonne from ?,?1,055-1,105Cast:...Read More
Asian ferrous scrap prices are poised to spring upward immediately after the Lunar New Year holidays in the region, market participants have told Fastmarkets MB."In the current market sentiment, the bullish price trend will continue because sellers of ferrous scrap will continue to hold back their cargoes even more," a trader in Southeast Asia said.This was due to widespread expectations that stee...Read More
ELKO, NEVADA - Fremont Gold (TSXV: FRE; US-OTC: USTDF) is drilling 1,000 reverse-circulation (RC) metres at its Gold Bar gold project, a two-hour drive from Elko, Nevada. It's targeting a potential southeast extension of the past-producing Gold Bar pit, in an area that has never been drilled. It intends to follow up by diamond drilling 500 metres at its nearby Gold Canyon gold project. Both proper...Read More
James Hesketh had his eye on Midway Gold's Tonopah project - 30 km southeast of the Round Mountain mine in Nevada's Walker Lane trend - since 2007.So when Midway Gold went bankrupt a decade later, Hesketh struck a deal to buy the project for US$25,000 in cash, another US$130,000 in fees to replace a bond, and a promise to pay a US$350,000 debt that Midway owed to the royalty holders on the propert...Read More
Vale (NYSE: VALE) is evacuating 500 people from an area below the Sul Superior dam, an upstream tailings dam that used to support production from the company's Gongo Soco mine, where iron ore production was halted in April 2016.The decision comes after the Walm consulting company denied the Stability Condition Report of the dam's structure.Vale said the decision to evacuate the surrounding communi...Read More
American Manganese (TSX.V: AMY; FRANK: 2AM) announced this week that its partner Kemetco Research had started the processing of a select sample of cathode scrap material through Stages 1 and 2 of a Pilot Plant built to recycle cobalt, nickel, manganese, and aluminum.In a press release, the British Columbia-based company said the commencement of the pilot plant followed a hazard and operability stu...Read More
About 700 people were evacuated on Friday from two different towns in the Brazilian state of Minas Gerais where a dam collapse last month killed at least 157 people, with nearly 200 still missing and feared dead.Brazilian mining giant Vale (NYSE:VALE) evacuated around 500 residents from a rural town near its Gongo Soco mine's dam, by order of the country's mining agency (ANM) after local consulti...Read More
Arconic said on Friday it would split into two companies and slashed its quarterly dividend by two-thirds, just weeks after the U.S. aluminum products maker spurned a buyout offer from Apollo Global Management.The company, formed following a split of Aloca Corp in 2016, plans to spin off one of its core divisions later.The board sees more shareholder value creation through a restructuring of the c...Read More
Iron ore futures surged more than 5 percent to hit the highest level since 2014 on concern that the increasingly severe crisis at top producer Vale SA will curtail global supplies, tightening the seaborne market and offsetting the impact of a slowdown in China, the largest importer.Vale invoked force majeure earlier this week after a judge forced it to suspend some operations at its Brucutu mine i...Read More
Gold prices have been getting out of the doldrums after a few tepid years, as global uncertainty helps boost demand for the precious metal. For more on this and why he thinks gold could head towards US$1,350 an ounce, BNN Bloomberg's Andrew McCreath spoke with Andrew Kaip, co-head of mining research at BMO Capital Markets.Read full newsRead More
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Zinc has been on the climb this year, defying broader macroeconomic gloom and a ...Read full newsRead More
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McEwen Mining Inc. (MUX) (MUX.TO) is pleased to report that construction of the Gold Bar Mine in Nevada's prolific Battle Mountain-Cortez Trend is nearing completion, just 14 months after breaking ground in November 2017.The project is tracking on our original capital cost estimate of $81.4 millionRead full newsRead More
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