The publication of PwC’s BC Mine report gave a boost to Canadian mining stocks this week with news that gross revenues from mining in British Columbia reached a record high last year. BC miners posted gross revenue of C$12.3 billion, compared with C$11.7bn in 2017, even as capital expenditures fell to C$1.2bn, from C$1.5bn. The revival of the Golden Triangle by an exciting array of...Read More
The junior resource sector is a people business. In my view, making money consistently in a sector which is fraught with risk and failure, without a doubt, is inextricably linked to the quality of the people who are running the companies with which I am investing.This statement, and statements like it, are very likely the most common answers you will hear from many pundits throughout the industry....Read More
American Battery Metals (CSE: ABC) announced on Friday that it has significantly expanded the size of its Temple Mountain vanadium project in Emery County, Utah, USA.The Company has doubled the size of its land package through the staking of an additional 52 new claims to the north east following the trend discovered through the recently completed geophysical survey.The claims were staked by Carl...Read More
"Northern lights have inspired many legends around the world. For the Inuit, they've long carried an air of spiritual significance, representing souls of ancestors. To construct a mine in the arctic you need innovation, resiliency and a lot of teamwork, but most importantly you develop an immense appreciation and respect for the people that have lived in this area for thousands of years. In this p...Read More
Once upon a time, the sun never set on the Empire.Its Army and Navy unrivaled, it was like something never seen before. In many ways, it hasn't been seen since.But in its glory it fell into decadence and it found its downfall.Overly dramatic? The trope-filled realm of what passes as drama these days?Perhaps, but we're not as far from it today as we'd pretend. I think a lot of people can feel it, a...Read More
Canada is giving the country's mining association more than C$325,000 ($242K) to develop a program that would give miners the tools and knowledge needed to better plan for climate change in decision-making at all stages of an operation's life.The project - Climate Change Risk and Adaptation Best Practices for the Mining Sector - was announced Friday by Paul Lefebvre, Parliamentary Secretary t...Read More
Brazil's Vale's warning that a tailings dams at its shuttered Gongo Soco mine in Minas Gerais is at risk of rupturing as soon as next week lit a fire under iron ore prices on Friday, sending the steelmaking raw material to a five-year high.The Chinese import price of 62% Fe content ore jumped 2.5% on Wednesday to trade at $101.71 per dry metric tonne, according to data supplied by Fastmarkets MB...Read More
On Monday, May 13, McEwen Mining reported that a fatal accident involving a contractor's employee occurred at the Gold Bar Mine in Nevada. The Company initiated an investigation into the accident, working with the contractor and the local authorities to determine the cause. The accident involved a haul truck that overturned while operating at the site, and the individual who was fatally injured...Read More
The junior resource sector is a people business. In my view, making money consistently in a sector which is fraught with risk and failure, without a doubt, is inextricably linked to the quality of the people who are running the companies with which I am investing.This statement, and statements like it, are very likely the most common answers you will hear from many pundits throughout the industry....Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended down Friday following a report U.S. trade talks with China are at an impasse. Apple (AAPL - Get Report) dipped slightly after analysts at Nomura lowered their already below-market-price target on concerns stemming from trade tensions between the world's two largest economies. N...Read More
The swing back into contango in the nearby aluminium forward curve on the London Metal Exchange moving triggered the cancelation of more than 90,000 tonnes of aluminium in LME-bonded warehouses this week.Almost 45,000 tonnes of material were freshly canceled on Friday May 17, predominantly out of registered warehouses in Johor and Singapore. More than 30,000 tonnes were canceled across the same lo...Read More
Representatives of Chilean state-owned copper producer Codelco will make their final wage and bonus offer to three workers' trade unions for the Chuquicamata mine division by May 24, the unions said on Friday May 17.The unions will have up to five days to schedule a vote on the proposal, the unions added.Workers are demanding active participation in the company's transformation plans; better healt...Read More
Copper concentrates treatment and refining charges (TC/RCs) continued to edge down in the second week of May due to traders snapping up tender tonnages at low numbers, while smelters became hesitant in spot purchases. Fastmarkets' Asia-Pacific TC/RC index dipped to $59.10 per tonne/5.91 cents per lb on Friday May 17, compared with $59.60 per tonne/5.96 cents per lb a week ago. The benchmark c...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
That's the only way to describe this stock market. It won't end well for the hedge funds whose algos are chasing price momentum nor for the retail daytraders playing the game of "greater fool." Apparently CSCO and WMT's "beat" triggered a multi-hundred point spike in the Dow on Thursday. Funny thing about that. CSCO's one-cent "beat" has been routine since the late 1990's.Walmart also "beat." But...Read More
Copper concentrates treatment and refining charges (TC/RCs) continued to edge down in the second week of May due to traders snapping up tender tonnages at low numbers, while smelters became hesitant in spot purchases. Fastmarkets' Asia-Pacific TC/RC index dipped to $59.10 per tonne/5.91 cents per lb on Friday May 17, compared with $59.60 per tonne/5.96 cents per lb a week ago. The benchmark c...Read More
Adam HamiltonArchivesMay 17, 2019 The major gold miners' stocks are drifting sideways with gold, their early-year momentum sapped by the recent stock-market euphoria. But they are more important than ever for prudently diversifying portfolios, a rare sector that surges when stock markets weaken. Their just-reported Q1'19 results reveal how gold miners are faring as a sector, and their current fund...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
BlueRock will be using the funds to implement a new mining plan at its Kareevlei mine in South Africa's Kimberley region to increase production and, it hoeps, become cash flow positive.The placing of 937 million ordinary shares at 0.1p per share raised £937,000 before expenses. It included included the issue of one warrant for every one placing share at an exercise price of 0.2p, valid for t...Read More
The price of bauxite imported into China will continue rising gradually over the next 5-10 years on stronger domestic demand, chief executive officer of Metro Mining Simon Finnis told Fastmarkets at the Alumina & Bauxite Conference held in Zhengzhou on May 16-17.China's increased aluminium production capacity and limited bauxite output following stricter bauxite mining requirements has led the cou...Read More