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
Spot demand for cobalt sulfate in China following the Labor Day holiday (May 1-4) has been weak, with consumers continuing to conduct "hand-to-mouth" procurement, Fastmarkets learned during the latest pricing session. Fastmarkets assessed the cobalt sulfate Co 20.5% min, ex-works China price at 50,000-52,000 yuan ($7,378-7,673) per tonne on Wednesday May 8, down 1% from 50,000-53,000 yuan per...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis. The cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price is on a $ per lb basis. Fastmarkets MB prices Click here for Fastmarket MB's price assessment for cobalt sulfate, Co 2...Read More
U.S. equity index futures were lower this morning. S&P 500 futures dropped 22 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was a drop to 220,000 from 230,000 last week. Actual was a drop to 228,000. Consensus for April Producer Prices was an increase of 0.2% versus a gain of 0.6% in Ma...Read More
If you're over 50, chances are the decision to retire won't be yours. A new data analysis by ProPublica and the Urban Institute found that more than half (56%) of U.S. workers over 50 have been fired, forced to retire early, or pushed out of their jobs before they were ready to retire.What's more, one third of these pushed-out workers go on to be fired from two or more jobs before leaving the work...Read More
The American Exploration & Mining Association (AEMA) has made the following statement in response to the Subcommittee on Energy and Mineral Resources Hearing discussing Rep. Ra??l Grijalva's (D-Ariz.) Hardrock Leasing and Reclamation Act of 2019:The sweeping changes in Rep. Grijalva's legislation are unnecessary and a disaster in the making for the domestic mining industry and for America.The fact...Read More
The Young Mining Professionals (YMP) is bumping up its YMP Scholarship Fund for the 2019-20 academic year for students in mining-related university programs in Canada.The YMP Scholarship Fund is a a registered charity that donates 100% of its receipts to students via this scholarship program, and is eligible to offer tax receipts to its donors. These latest scholarships are being funded by Barrick...Read More
Quebec-focused Monarch Gold (TSX: MQR; US-OTC: MRQRF) is taking a 14.2% stake in Unigold (TSXV: UGD), whose Nieta project in the Dominican Republic has an open-pit inferred resource of 39.49 million tonnes grading 1.59 grams gold per tonne for 2 million oz. gold.Monarch has acquired a block of 6.5 million Unigold shares from an investor at a price of 11.5 ? per share for $747,500, payable by the i...Read More
White Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicalsLast week's ‘From the Capital' column described gold as the most disappointi...Read More
AngloGold Ashanti Ltd. plans to sell its last South African mine, marking the exit of Anglo American Plc and the companies it spawned from the industry that created Africa's biggest economy.Anglo's creation in 1917 by Ernest Oppenheimer and the subsequent development of what was for decades the world's biggest gold industry underpinned the development of South Africa into the continent's preeminen...Read More
Brazilian petrochemical company Braskem SA is preparing alternatives in the event the company is forced to stop its mining activities in the northeastern state of Alagoas, its chief executive officer said on Thursday.A report by the country's Geological Service released on Wednesday blamed mining by Braskem in the city of Maceio for damages to local real estate.State prosecutors requested last mon...Read More
In its passage last week of legislation that will establish a fund dedicated to easing worker transition in a post-coal economy, Colorado is taking a modest but promising policy step others can follow.Gov. Jared Polis has signaled he will sign HB19-1314, which will create the Colorado Just Transition Office. The bill amounts to the most serious state-government acknowledgement to date that coal-fi...Read More
Investing legends Mario Gabelli & Leon Cooperman answer viewer questionsRead full newsRead More
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The brick-and-mortar store at 414 Upchurch St., Apex, features indoor gem mining, along with a gift shop and party space, and now gold panning.Read full newsRead More