Shares of Premier Gold Mines (TSX: PG) went up 7% at Monday's market open on news of a high-grade discovery at the McCoy-Cove project in Nevada. The company's market capitalization sits at C$345 million.In today's press release, the company announced the discovery of a 118.9 m thick mineralized zone grading 4.12 g/t, including a high-grade interval assaying 15.74 g/t gold across 6.1 m, in the fir...Read More
Quebec City-based Nemaska Lithium has received the independent audit report it asked Canadian engineering firm BBA to conduct. The results, says the company, validate its own internal cost-to-complete construction assessment as of Feb. 13, 2019.Looking at the estimated capex, BBA made an assessment slightly lower than did Nemaska, which estimated a further C$375 million is needed to complete the p...Read More
Metso has been awarded with an order to supply crushing and material handling equipment for the first stage of Codelco's El Teniente copper mine expansion project located in Cachapoal province. The order was booked in Metso's first-quarter 2019 orders received.El Teniente is the world's largest underground copper mine as well as the largest operation of the Chilean state-owned copper mining compan...Read More
Apr 29, 2019 Guest(s): Will Rhind CEO, GraniteShares A strong headline GDP release last Friday may bode well for silver demand, said Will Rhind, CEO of GraniteShares.Rhind said that one reason silver has not performed well is due to China's lower than expected demand, but with GDP numbers showing strength in the U.S. economy, this trend may reverse course. "Part of the reason why silver hadn't r...Read More
Vancouver-based NexGen Energy says the Rook I project description has been accepted by the Canadian Nuclear Safety Commission (CNSC) and the Saskatchewan Ministry of Environment. That clears the way for the company to begin the environmental assessment of the project.The environmental assessment will be co-ordinated among NexGen and the two governmental bodies.NexGen has also filed an initial lice...Read More
Bloomberg BNN is reporting that Newmont Goldcorp has suspended operations at the Penasquito Mine, due to a dispute with local truckers. Penasquito is the 5th largest silver mine in the world and the largest gold mine in Mexico.This is the second time in recent years where a dispute has led to a disruption of mining operations at the mine. In October of 2017, a week-long protest led by truckers who...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The S&P 500 and the Nasdaq closed at record highs again Monday as earnings season continues and a meeting of the Federal Reserve looms later in the week. Walt Disney (DIS - Get Report) shares traded slightly lower as its film - "Avengers: Endgame" - broke a box office record over the weekend with $1.2 billion in ticket sa...Read More
Warehouse operator Access World has significantly increased its London Metal Exchange warehouse presence in Port Klang, Malaysia, by listing 25 new LME-registered warehouses there over the past two weeks.Nineteen Access World-owned warehouses in Port Klang were listed on Monday April 29, according to an LME notice. Six had previously been listed on April 17 in Port Klang. Before the mass listing o...Read More
Aluminium's three-month price on the London Metal Exchange fell by more than 1% at the close of trading on Monday April 29, reaching its lowest level since January amid fresh inflows of more than 50,000 tonnes. The light metal closed at $1,828 per tonne this afternoon, with volumes traded leading the complex, with more than 12,400 lots changing hands by the close, while open interest has climbed b...Read More
Treatment charges (TCs) paid for zinc concentrates on the spot market declined in April, with Chinese smelters and traders actively acquiring tonnages at lower levels than before.Fastmarkets monthly assessment for zinc concentrate spot TCs, cif Asia Pacific, was at $260-290 per tonne on April 26, down from $270-305 per tonne on March 29.The drop marks a break in the uptrend for sharply rising zinc...Read More
Do a better job. Bhappu said an internal RCF study looked at 107 projects that went from feasibility study through to construction and "not one came in under budget".Read More
Treatment charges (TCs) paid for zinc concentrates on the spot market declined in April, with Chinese smelters and traders actively acquiring tonnages at lower levels than before.Fastmarkets monthly assessment for zinc concentrate spot TCs, cif Asia Pacific, was at $260-290 per tonne on April 26, down from $270-305 per tonne on March 29.The drop marks a break in the uptrend for sharply rising zinc...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), announces its 2018 year-end audited financial statements have been filed on SEDAR and will host an investor call on April 30th, 2019 at 9:00AM EDT.In 2018, the Company posted revenue of $14.2M, a 19.9% decrease over 2017, due to lower 3G sales, in particular Q3 sales being 38% lower than 2017. Th...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), is pleased to announce that it has completed an oversubscribed non-brokered private placement (the "Private Placement") consisting of the issuance of 28,257,789 units of the Company ("Units") at a price of $0.075 per Unit, for aggregate gross proceeds to the Company of approximately $2.1 million, as announced...Read More
Copper scrap sold into China in April was at the widest discount level in the past three years on a massive backlog of non-ferrous scrap due to the upcoming halt in July scrap imports after policy changes.Fastmarkets assessment for the discount for No2 copper scrap, birch/cliff, imported in China is at 37-42 cents per lb on April 29, a significant stretch compared with 32-38 cents per lb a month b...Read More
With LME Asia Week fast approaching, Fastmarkets MB takes an in-depth look at one of the topics likely to dominate discussions at this year's event: the growing risk of supply-side headwinds for nickel prices.Nickel prices face considerable downside pressure from increasing supply of two nickel-containing stainless steel raw materials - nickel pig iron (NPI) and nickel plate - as well as an abunda...Read More
April 26th, 2019(S14-E693)Featured GuestsJohn Williams& Dr. Douglas Vogt.Please Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITALBLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS! (Remember to say Goldseek Radio sent you!).John Williams of Shadowstats.com returns to the show with provisos on the domestic economy. Investors are advised to prepare for a recession as soon as the second quar...Read More
By: David Chapman The market keeps chugging higher. Well, maybe chugging is not quite the right word as this past week's markets were decidedly mixed. Decent earnings and a Q1 advance GDP growth of 3.2% year over year, coupled with low inflation, did the trick. The S&P 500 gained 1.2% on the week and closed at a record high although the index did not actually make a new all-time high, falling...Read More
Apologies. As the bull market has ground on endlessly, I might have provided you with a precise target for the elusive Mother of All Tops. Instead, what I've done in recent months is pussyfoot with relatively minor rally targets of limited value. Can you blame me for hoping that one of these little pishers would eventually nail the summit of a runaway bull badly in need of a rebuke? So far, as y...Read More
By: IRA EPSTEINGold technical update: Read More