European secondary aluminium prices fell to their lowest levels in 10 years on Friday May 17, attributed to softening in the European automotive sector which has continued to exert downward pressure on the market. Outright prices for European aluminium scrap grades and 226 ingot typically track the automotive sector since they are primarily consumed for automotive production. Aluminium scrap grade...Read More
Norwegian metals maker Norsk Hydro has been given the go ahead by a Brazilian federal court to resume full output from the company's Alunorte alumina refinery, it said on Monday.The plant, a key supplier to the aluminium industry, currently operates at half of its capacity after a spill in February 2018 that prompted regulators and courts to restrict output.A restart of Alunorte will bring a signi...Read More
One million dollars has long been the benchmark for how much retirees need to have saved for a comfortable retirement. However, it appears a cool million doesn't go too far these days. A new report by GoBankingRates, looked at how long a nest egg of $1 million would last in the U.S. The study compared average expenses for people age 65 and older, including groceries, housing, utilities, transporta...Read More
BETANZOS, BOLIVIA - Vancouver-based junior New Pacific Metals (TSXV: NUAG; US-OTC: NUPMF) could be on the verge of a major silver discovery in south-central Bolivia, after clinching a pioneering deal with Bolivian authorities.For 500 years, since the discovery of the giant Cerro Rico silver deposit at Potosi, Bolivia has tantalized visitors with its mineral wealth. But the country's unstable polit...Read More
The S&P/TSX Composite Index rose 0.64%, or 104.20 points, to 16,401.80. The S&P/TSX Global Mining Index increased 0.11 points, or 0.15%, to 71.55, while the S&P/TSX Global Base Metals Index fell 2.75 points, or 2.48%, to 107.96, and the S&P/TSX Global Gold Index climbed 3.96 points, or 2.23%, to 181.21. Spot gold fell US$8.70 per oz., or 0.68%, to finish the trading week at US$1,277.10 per ounce.S...Read More
The Dow Jones Industrial Average lost 0.69%, or 178.37 points, to finish the May 13 to 17 trading week at 25,764.00, and the S&P 500 Index fell 0.76%, or 21.87 points, to 2,859.53. Spot gold dropped US$8.70 per oz. or 0.68% to US$1,277.10 per ounce.Strong quarterly results sent Kinross Gold's shares up 3.6% to US$3.16. Kinross reported net earnings in the three months ended March 31 of US$64.7 mil...Read More
The S&P/TSX Venture Composite Index rose 9.67 points, or 1.61%, to finish the May 13 to 17 trading week at 609.15.News of the acquisition of Atlantic Gold by Australian gold producer St Barbara sent Atlantic's shares up 89 ? to $2.89. St Barbara's offer represented a 40.8% premium to the company's 30-day volume weighted average price. The offer consisted of $2.90 per share in cash plus a spin-out...Read More
Hot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corp"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingAccenture's natural resources lead Ann Burns out...Read More
Hot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corp"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingAnalysts argue Australian producers of the steel...Read More
"Will 2019 see the continued surge in base #metal interest? Head of Commodity Research at @LGIM , Nick Stansbury will take to the stage at Mining Journal Select this June to discuss the rise in interest for #commodities such as #copper. #MJS #MJSelect"Read full newsRead More
"Hundreds OfRead full newsRead More
By day, Peruvian police and soldiers search for and destroy equipment used by illegal gold miners in a part of the Amazon rainforest where mining has transformed once-dense foliage into a desert pocked with dead trees and toxic pools. As night falls, they play cards and soccer, call family from their remote outpost or have a medic pluck burrowing parasites from their feet.Read full newsRead More
McEwen Mining Inc. (MUX) (MUX.TO) provides an update on the fatal accident involving a contractor's employee that occurred on Monday, May 13, 2019 at the Gold Bar Mine in Nevada.The formal investigation by local authorities is not complete, but preliminary analysis by McEwen Mining suggests thatRead full newsRead More
"5 Top Weekly TSXV Stocks: Q1 Results Boost Cub Energy. Here are the other top gaining junior miners on the TSXV last week: https://t.co/myMjR07BLQ #TSXV #mining #stocks #investing"Read full newsRead More
"5 Top Weekly TSX Stocks: Water Rights Float General Moly's Boat. See who were the other top gainers in the resources community on the Toronto Stock Exchange from last week at https://t.co/cBTZIC0jH2 #TSX #stocks #investing"Read full newsRead More
The London Metal Exchange (LME) nickel market was last week gripped by the most acute tightness in a decade.Time-spreads flexed into backwardation as a long-running downtrend in exchange stocks squeezed short position holders.Falling inventory and tighter spreads are normally strong bull signals in a commodity market.And in nickel's case they seem to tally nicely with the International Nickel Stud...Read More
Here's a sign of how all-dominating the trade war has become in metals markets: Copper is slumping toward a three-month low even after Zambia moved closer to nationalizing some of its mines.The lack of a reaction is even more surprising when compared with other market moves. Zambia's Eurobond yields surged to a record high and the currency hit a 3 1/2-year low.Zambian President Edgar Lungu is esca...Read More
SolGold is in talks with financiers keen to invest in its Ecuadorian copper-gold prospects and mining major BHP could increase its stake in the company, SolGold's chief executive said on Monday.In a preliminary economic assessment of the Alpala copper-silver-gold deposit in northern Ecuador released earlier, London-listed SolGold said annual copper output should be 207,000 tonnes for the first 25...Read More
Vancouver-based Victory Metals (TSX-V:VMX) has big ambitions for its flagship Nevada vanadium project, Iron Point, based on a recent expansion to 5,382 hectares, drill results, and a $3.6 million private placement.Vanadium, used in the steel industry as a strengthening agent, and listed as a strategic metal, is in the midst of a bull market, due to Chinese steel demand and the advent of Vanadium R...Read More
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 fundamentals are way better than beari...Read More