Spot iron ore prices rose from $75 per tonne to $95 per tonne in the weeks following the Brumadinho dam disaster at Vale's (NYSE: VALE) Feijao iron ore mine in Brazil, before settling in at about $85 per tonne, according to the latest research on the global iron ore market by the Macquarie Group.Spot prices are now back up at the $95 per tonne level as lower shipment volumes out of Australia mainl...Read More
Australia's New Century Resources Ltd said on Thursday that quarterly zinc production rose 50% over the previous quarter following the ramp up of its processing plant performance.The company churned out 18,170 tonnes of zinc metal in the March quarter, compared with 12,080 tonnes produced in December quarter.(Reporting by Aditya Soni in Bengaluru; editing by Richard Pullin)Read More
Growing demand for smart thermostats, wind turbines and other high-tech devices is expected to keep copper the dominant material used in electrical components, industry players said, offsetting rising use of aluminum, a cheaper alternative to conduct electricity.That bodes well for the likes of Chilean producer Codelco, Rio Tinto Plc and other major copper miners, who are investing billions of dol...Read More
Ecuador-focused miner SolGold (LON, TSX:SOLG) said drilling at its Cascabel copper-gold project in the country's north has revealed previously unknown mineralization, further increasing the size of one of the biggest copper discoveries of recent years.Together with the high-grade find, over 1.5% copper equivalent, the company has also detected mineralization within the inferred resource area at t...Read More
A bipartisan group of senators introduced legislation Wednesday that would extend a lucrative tax credit for electric vehicles that could benefit companies like Tesla Inc. and General Motors Co.The chances of the Senate extending the electric vehicle tax credit, which President Donald Trump proposed rescinding in his most recent budget request, aren't great, according to analysts."Prospects aren't...Read More
Nearly 2,000 Zambian villagers have the right to sue mining company Vedanta in the English courts, London's Supreme Court said on Wednesday, raising the prospect other companies could face legal action in England related to their activities abroad.India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, appealed a lower-court ruling that a case in which vil...Read More
Vancouver-based Victory Metals has expanded its landholdings at the Iron Point vanadium project to 5,382 hectares due to the results from recent reverse circulation drilling. The property is about 35 km from Winnemucca.The results from the final 17 RC holes continued to expand the extent of vanadium mineralization. Here are some of the highlights:21 meters grading 0.43% vanadium pentoxide, includi...Read More
There are more than a handful of things I can cite as leading indicators for the Gold price.Ratios such as Gold against the stock market and Gold against foreign currencies are generally good leading indicators. The gold stocks and Silver can function as leading indicators at times.The yield curve and bonds can also be leading indicators.But there is one thing I've never mentioned, nor written abo...Read More
Over the past 12-month period, Cameco (TSX:CCO)(NYSE:CCJ) has seen its share price appreciate over 25%, becoming one of the top movers on the market. That may come as a surprise to many, particularly as the uranium miner has struggled with depressed demand over the past decade, as utilities have shied away from nuclear reactors for their electricity needs.Let’s take a look at some of the ev...Read More
The strong recovery in equity markets in 2019 has wiped out many of the deals that were available at the end of last year, but some sectors, including gold, continue trade at depressed levels and investors are wondering whether this is the right time to add gold miners to their portfolios.Let’s take a look at the current situation in the gold market and see if gold stocks such as Barrick Gol...Read More
A new report by FocusEconomics on the prospects of commodities this year and next paints a mixed picture. The survey of investment banks, institutions and research houses compiled by the Barcelona-based company has good news for long-suffering investors in uranium and silver, while those who burned fingers in the rise and fall of cobalt could also look forward to some relief.GoldGold showed promis...Read More
Asia's mining sector continues to hold the greatest rewards globally, with positive business environments, rich mineral deposits, supportive infrastructure and political stability in countries holding the top positions in Fitch Solutions' Asia Mining Risk/Reward Index.The analyst's latest report, released Thursday, revealed that Australia continues to reign at the top, while Myanmar and the Philip...Read More
Publisher's Note: Today we're bringing you an excerpt from the most recent edition of The Dines Letter.So far things are going as Mr. Dines predicted in his 2019 Annual Forecast Issue. Here is what to expect next.Call it like you see it,Nick Hodge@nickchodge on TwitterNick is the founder and president of the Outsider Club, and the investment director of the thousands-strong stock advisories, Earl...Read More
Michael Goehring, President and CEO, MABCThe Mining Association of British Columbia (MABC) announced on Thursday the appointment of Michael Goehring as President and CEO, effective May 1, 2019.Goehring brings more than 20 years' experience in public affairs and strategic communications in the mining, energy, forestry, utilities, technology and trade industries. He has been responsible for advanc...Read More
Jeffery Woods is the new chief metallurgist at Victory Metals in Vancouver. He has a strong background in metallurgical and mineral processing testing and process flowsheet development. Woods has also developed several proprietary metallurgical processes. He was VP of metallurgy and process engineering for Frontera Mining from 2011 to 2016.Haver and Boecker welcomed Wilm Schulz as head of the Nort...Read More
Troilus Gold Corp. (TSE:TLG) has announced a bought deal public offering of common shares that will raise approximately $12 million. The shares are priced at $0.85 each.The shares will be purchased by a syndicate of underwriters co-led by Canaccord Genuity and GMP Securities. The underwriters have been granted an over-allotment of 2.1 million shares that would, if fully exercised, raise an additio...Read More
There are more than a handful of things I can cite as leading indicators for the Gold price.Ratios such as Gold against the stock market and Gold against foreign currencies are generally good leading indicators. The gold stocks and Silver can function as leading indicators at times.The yield curve and bonds can also be leading indicators.But there is one thing I've never mentioned, nor written abo...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished lower Thursday. Stocks were higher earlier in the session after U.S. Treasury Secretary Steven Mnuchin said Washington and Beijing have "pretty much agreed on an enforcement mechanism" for when a trade deal is struck. Walt Disney (DIS - Get Report) plans to reveal details about its&nbs...Read More
Copper's three-month price on the London Metal Exchange drifted lower at the close of trading on Thursday April 11, capped by low-volume trading amid international trade tensions, while positive unemployment figures from the United States in the afternoon did little to boost investor confidence.Three-month copper futures traded around $6,400 per tonne over the afternoon, but have softened by aroun...Read More
Comex copper prices tumbled in morning trading on Thursday April 11 in the United States amid weak trading volumes and a stronger dollar.The copper price for May settlement on the Comex division of the New York Mercantile Exchange declined by 2.25 cents per lb to $2.9030 per lb.Trading volumes have been low this week with major market participants attending the Cesco Copper conference...Read More