As it continues to advance the historic Keno Hill silver property in the Yukon, Alexco Resource Corp. reports a net income of $1.2 million for the first quarter of this year. In Q1 2018 the company recorded a loss of $3.6 million.The company has adopted a two phase development plan for Keno Hill. Phase one work begins this month and will focus on surface and mill capital improvements. The start of...Read More
Lithion Energy Corp. of Vancouver has name Warren Gilman as chairman and Alex Granger as CEO. Gilman is a mining engineer and was a founder of CIBC's Global Mining Team in 1988. Granger is also managing director of Xela Group, a consulting company.Toronto-based Superior Gold has asked Michael Mulroney to join its board of directors as the nominee of Northern Star Resources and replaces Shaun Day....Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks ended down Thursday but recovered a bit after President Trump said "we'll see" about a trade deal with China. Intel (INTC - Get Report) dropped after warning that its move away from personal computer chips to logic, memory and data centers will weigh on profit margins over the next three years. Shares of Walt Disney I...Read More
Lead's three-month price on the London Metal Exchange had tumbled by 2.5% by the close of trading on Thursday May 9, reaching its lowest level since August 2016 at an intraday low of $1,830.50 per tonne.Three-month lead prices were down by just under 10% since late-February, when prices last exceeded $2,000 per tonne. The price of lead spent most of 2018 above that threshold level, and while LME s...Read More
Comex copper prices failed to recover on Thursday May 9 morning in the United States amid persistent worries over the Sino-US trade talks.The copper price for July settlement on the Comex division of the New York Mercantile Exchange tumbled 3.70 cents to $2.7375 per lb"The intense selling pressure in the copper market since the start of May is...Read More
The Chinese spot alumina price could rise over the course of 2019 despite new capacity planned this year due to new downstream aluminium projects which outpace the raw material's capacity expansion, Fastmarkets learned during LME Asia Week in Hong Kong this week. China is projected to add 5.4 million tonnes of new alumina capacity this year, a year-on-year rise of 69% from 3.2 million tonnes of ne...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday May 9 that are worth another look.Aluminium traders in Europe have been switching business to the Italian port of Trieste in the past month, due to high stock levels leading to opportunistic trading. Market sources told Fastmarkets that the port is ideal for sending material into neighboring Central and Eastern Europe, with tru...Read More
The Chinese spot alumina price could rise over the course of 2019 despite new capacity planned this year due to new downstream aluminium projects which outpace the raw material's capacity expansion, Fastmarkets learned during LME Asia Week in Hong Kong this week. China is projected to add 5.4 million tonnes of new alumina capacity this year, a year-on-year rise of 69% from 3.2 million tonnes of ne...Read More
Bob Moriarty ArchivesMay 9, 2019Inearly December of last year I wrote about what I considered a really great deal for investors to sign up for a year of the DSI Index at a nice discount. Jake Bernstein is offering a deal this year, not quite as good, but just as valuable. You could pay for it with a single good trade. Until June 15th you can get a year of the DSI Index for $1000 off the regular pr...Read More
Both are $500 million, but one is a five-year bond with a coupon of 5.125% and the other is a 10-year bond with a coupon of 6.125%. Gold Fields said the final combined book for the bond issues was more than $3 billion. The company said it would repay what remained of its $1.29 billion existing credit line, and refinance or repurchase other debt. "One of Gold Fields' financial target...Read More
Fastmarkets will launch a Chinese export price assessment for electrolytic manganese flake on Friday May 10.After a consultation period, Fastmarkets will launch a weekly price assessment for electrolytic manganese flake, 99.7% basis, fob China, $/tonne. The introduction of the price will expand Fastmarkets' current price coverage for electrolytic manganese flake, providing the marke...Read More
Fastmarkets will host a free web seminar on Tuesday June 18 at 9.30am London time to discuss recent price moves in the cobalt market and how industry developments might affect the market going forward.Click here to register for the webinar. Date Tuesday June 18, 2019 Time 9.30am Join members of our cobalt price reporting and research team for: - An update on price assessment specifications, method...Read More
Gold futures finished lower on Wednesday following three session gains in a row, as the U.S. stock market looked to shake off jitters around China-U.S. trade negotiations. Prices for the precious metal had been higher initially Wednesday and hold a slight gain week to date, as global stock markets have generally sold off so far this week, though U.S. benchmark stock indexes were moving higher Wedn...Read More
Turkish steel producers remained silent in the deep-sea scrap markets on Thursday May 9 because of the low levels of finished steel demand in both their domestic and export markets, sources said.Since booking a US cargo on May 7, the mills have stopped their deep-sea scrap purchases and no significant imports have been heard.A steel mill in the Iskenderun region booked the US cargo on Tuesday, com...Read More
By: IRA EPSTEINI don't see them giving them more time - this is a big event..Gold is going so far nowhere. There is so much uncertainties in this market:Read More
Three weeks after I projected a fall to 53.60, Lyft has touched that number and gone as low as 52.78. The stock will have another chance to pick up support slightly below, at 52.27, a midpoint Hidden Pivot, but a decisive breach would put a 41.54 target in play. That would represent a 53% drop from the opening day high of 88.60 and a 21.5% drop from the current price of 52.90.Uber is unlikely...Read More
Over the past two years, direction of a nation's currency has had a bigger impact on gold, silver and all metal prices. Gold and silver have been trading in a wider range. Winning bets are those who are able to correctly forecast the trend of their national currencies. Gold and silver are not rising (in US dollar quote) despite all the positive factors. Central banks are buying gold. There is tr...Read More
Acacia Mining on Thursday hit back at parent company Barrick Gold Corp's allegation the miner was an obstacle to solving a long-running tax row in Tanzania.Barrick CEO Mark Bristow said in a results presentation on Wednesday that Acacia was not cooperating, prompting Acacia to demand clarification from Barrick.Acacia's interim Chief Executive Officer Peter Geleta said in an interview that Acacia...Read More
Acacia Mining Plc saw a surge in gold production in April thanks chiefly to a 54-percent rise in output from its disputed North Mara gold mine in Tanzania.Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania and had cut output by a third after the government banned the export of mineral concentrates in 2017.Barrick's Chief Executive Mark Bristow on Wedne...Read More
The Thursday Market Minute Global stocks extend declines as Trump accuses China of "breaking" trade talks while Beijing vows to take ''necessary countermeasures' if tariffs are increased at mid-night tonight.China Vice Premier Liu He arrives in Washington today, but investors seem unconvinced he can salvage the months-long talks after Trump tells a rally in Florida that China "will pay".China st...Read More