A $565 million funding package brings Cupric Canyon Capital one step closer to turning its Khoemacau project into a major copper and silver mine in northwestern Botswana.The private company has been developing the project over the last six years, drilling 285,000 metres, completing permitting and land access agreements, securing required power and water, and acquiring a previously operated copper...Read More
Apr 16, 2019 Guest(s): Clive Johnson President & CEO, B2Gold It could potentially be "dangerous" to rely on higher gold prices to be profitable as a miner, said Clive Johnson, CEO of B2Gold. "I've never been a gold bug, I've never believed that gold has to go higher, because I think that as a CEO of a gold mining company that would be a dangerous thing, because you could potentially do a deal th...Read More
Aztec Minerals (TSXV: AZT) recently flew a magnetic and radiometric survey over its Cervantes copper-gold project in Sonora, Mexico, that identified 11 porphyry targets. Follow up work by the company will initially target four main targets: California, Estrella, California North and Purisima East.The survey supports the company's belief that the project contains multiple porphyry cells along a nor...Read More
Terex Trucks' 28-tonne upgraded TA300 articulated hauler made its first international trade show appearance earlier this month at bauma 2019.Representatives from Terex were at the event showing visitors how the company's two articulated haulers - the TA300 and TA400 - deliver low total cost of ownership and high productivity on jobs including large scale construction projects, infrastructure devel...Read More
The big picture fundamentals for precious metals have been trending more bullish in recent months as expectations for the Federal Reserve went from a few rate hikes in 2019 to an expectation of a rate cut within the next 12 months. That is aligned with the peak in the 2-year yield and growing concerns over slowing growth globally.However, that doesn't preclude a temporary improvement in the econom...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose Tuesday, getting a boost from Johnson & Johnson (JNJ - Get Report) , which posted strong first-quarter earnings, but gains were capped on a slump in shares of UnitedHealth Group (UNH - Get Report) . UnitedHealth, the giant health insurer, tumbled even after beating Wall Street's first-quarter earning...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 16.Please click...Read More
Fastmarkets research led a bullish charge on the London Metal Exchange lead cash price, projecting it to rise as high as $2,200 per tonne in the fourth quarter of 2019 at the International Lead & Zinc Conference on Tuesday April 16, 2019.Despite waning demand for the heavy metal in the face of ecological concerns, Fastmarkets research has adopted a bullish stance for the material in the short term...Read More
Weekly Reports |Apr 16 2019The US Commerce Department's section 232 recommendations regarding uranium imports have finally been submitted to the White House.-The recommendations are in but the wait continues-Yellow Cake buys more uranium-Honeymoon just beginningBy Greg PeelThe US Department of Commerce has completed its investigation into uranium imports under section 232, regarding "national secu...Read More
The three-month zinc price on the London Metal Exchange fell by more than 3% at the close of trading on Tuesday April 16, settling just above $2,800 per tonne while fresh inflows did little to narrow a wide backwardation in the metal's nearby spreads. Zinc's nearby cash/three-month spread was most recently in a backwardation of $89 per tonne, with inflows of more than 14,000 tonnes into European w...Read More
(Updates with closing prices)By Peter HobsonLONDON, April 16 (Reuters) - Zinc prices fell more than 3percent on Tuesday as a big inflow into London Metal Exchange(LME) warehouses fanned expectations that a supply deficit willsoon end.Benchmark zinc on the LME closed down 3.1 percent at$2,809.50 a tonne, the biggest daily fall since August, afterhitting a three-week low.The metal used chiefly to ga...Read More
Bob Moriarty ArchivesApr 16, 2019After some dreadful timing and miscommunication to the market, shares in Miramont plummeted from $.47 a share to $.12 in two days at the end of March. The company dumped some poor results from six holes onto the market and the market gagged. But the scout program consisted of nine holes and on the12th of April Miramont released the assays from the last three holes....Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 16, 2019 Global stock and bond markets continue to be driven by the macros of a possible trade deal, accommodative central banks, weaker earnings, continued stock buybacks, and rising government debt. Gold is driven by these same macros, but it has the additional price driver of sea...Read More
Tropical Cyclone Veronica disrupted Pilbara mining and shipping for several days last month and caused some damage to the Cape Lambert A port facility.Read More
Copper concentrate treatment and refining charges (TC/RCs) for Asia Pacific fell to their lowest in at least six years, squeezed by the smelter consumption ramp-ups and against a backdrop of tightening supply.Fastmarkets' cif Asia-Pacific spot copper concentrate TC/RC index was calculated at $62.10 per tonne/6.21 cents per lb on April 15, down from $66.70 per tonne/6.67 cents per lb in late M...Read More
Fastmarkets' alumina index fob Australia fell to its lowest in over two months on April 16 due to continued extra cargoes in the market and positive news surrounding Alunorte's restart.The daily fob Australia alumina index fell to $354.85 per tonne today, down 3.9% from the previous day and 11.3% lower week on week from when the index was at $411.29 per tonne.Key driversIndex pushes lower after a...Read More
Vancouver, BC -World Class Extractions Inc. ("World Class") (CSE: PUMP) andQuadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron") are pleased to announce that they have entered into an arrangement agreement providing for the merger of the companies (the "Agreement").Summary of the ArrangementPursuant to the Agreement, World Class has agreed to acquire, through a wholly-owned subsid...Read More
The UG2 chrome ore price fell again on Friday April 12 after activity lessened due to market participants waiting for Chinese mills' next ferro-chrome tender releases; meanwhile falling demand pushed down the high-carbon ferro-chrome assessment in Europe. UG2 and Turkish lumpy ore prices in China drop Domestic alloy price in China weakens Alloy markets in Japan, South Korea, Europe fa...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) (the "Company" or "IsoEnergy") is pleased to announce assay results for the last drill holes from the winter 2019 drilling program. Drill hole LE19-12 was collared 75m to the west of the discovery section and intersected 8.5m of 3.2% U3O8, 2.1% Ni and 0.2% Co, including 1.0m of 14.3% U3O8 and 1.1% Ni. The final drill hole of the prog...Read More
By: Jordan Roy-Byrne CMT, MFTA The big picture fundamentals for precious metals have been trending more bullish in recent months as expectations for the Federal Reserve went from a few rate hikes in 2019 to an expectation of a rate cut within the next 12 months. That is aligned with the peak in the 2-year yield and growing concerns over slowing growth globally.However, that doesn't preclude a te...Read More