Mr. Rudi Fronk reportsSEABRIDGE GOLD CLOSES $14.0 MILLION PRIVATE PLACEMENTSeabridge Gold Inc. has closed its previously announced non-brokered private placement of one million common shares of the company at a price of $14 per share for gross proceeds of $14-million. No commissions were payable on this transaction. The proceeds from the financing will be used to finance general working capital re...Read More
SASKATCHEWAN - Toronto-based Appia Energy Corp.'s first diamond drilling program at Alces Lake has returned high grades of total rare earth oxides (TREO). The property, east of Uranium City, returned 10.02% TREO by weight over 3.55 metres.Appia drilled 15 short holes in three REE zones that it had uncovered at surface during this summer's overburden stripping program. Twelve of the holes intersec...Read More
Nov 26, 2018 Guest(s): Brian Groves Chairman, CEO & Director, Genesis Metals Investor interest remains low for miners in Canada, but this could turn around after the bitcoin and cannabis stocks craze dies down a bit, said Brian Groves, chairman and CEO of Genesis Metals. "We've seen investor focus move away from the mining sector to such things as cannabis stocks, especially in Canada. Bitcoin h...Read More
A maiden resource estimate on Eldorado Gold's (TSX: ELD; NYSE: EGO) Bolcana copper-gold project in Romania, about six km from the company's Certej project, has delivered 6.5 million inferred ounces of gold.The inferred resource of 381 million tonnes grading 0.53 gram gold per tonne and 0.18% copper for 6.5 million ounces of contained gold and 686,000 tonnes of copper, was based on 98 diamond drill...Read More
Small Business Saturday was on track to set a new record of $3 billion in online sales as of 10 am Eastern Time, according to Adobe Analytics. The day, which American Express Co. AXP, +3.73% launched in 2010, saw online spend increase 24.3% year-over-year during the early hours, reaching $400 million. Today is the day- #SmallBizSat! It's finally here-the annual holiday shopping tradition that get...Read More
Newmont Mining's (NYSE: NEM) Ahafo mine in western Ghana started producing gold from an open pit in 2006 and now the underground portion of the mine has launched commercial production on schedule and within budget.Starting next year, Subika underground will add an average of between 150,000 and 200,000 ounces of gold production a year over the first five years of an initial mine life of about 10 y...Read More
Mr. Steve Fray reportsGOLDMONEY INC. ANNOUNCES UPDATE OF DISTRIBUTION OF MENE INC. (TSXV:MENE)Goldmoney Inc. has provided an update on the pro rata distribution of Mene Inc. Class B subordinate voting shares to Goldmoney shareholders, as previously announced on Nov. 14, 2018. The details of the distribution are summarized in the attached table.IssuerGoldmoney Inc.SecurityCommon shares Issuer's sym...Read More
Robust global steel output did nothing to stop a rout in iron ore prices on Monday with the seaborne benchmark cratering amid growing fears about an economic slowdown in China and the impact of a trade war between the world's two largest economies.Benchmark prices at the Chinese port of Qingdao of 62% Fe content ore fell 8% on Monday to trade at $64.25 per dry metric tonne, according to data suppl...Read More
Mr. Rudi Fronk reportsSEABRIDGE GOLD CLOSES $14.0 MILLION PRIVATE PLACEMENTSeabridge Gold Inc. has closed its previously announced non-brokered private placement of one million common shares of the company at a price of $14 per share for gross proceeds of $14-million. No commissions were payable on this transaction. The proceeds from the financing will be used to finance general working capital re...Read More
The numbers: The U.S. economy remains on a growth path, according to an index that measures the nation's economic health, though the country's expansion is likely to moderate. The leading economic index rose 0.1% in October after 0.6% and 0.5% gains in the prior two months, the Conference Board said Wednesday. Economists polled by FactSet had forecast a 0.1% rise. The LEI is a weighted gauge of 1...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average posted solid gains on Monday after sliding 4.4% during Thanksgiving week. Cyber Monday is expected to bring in $7.8 billion in sales, according to Adobe Analytics.General Motors Co. (GM) rose 5% after the automaker announced a restructuring that will include plant closures and job...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Monday November 26, with downside pressure emerging amid broad strength in the US dollar index and continued global trade tensions.The three-month zinc price fell by 1.2% over the day to show the biggest losses over the afternoon, while volumes traded on the exchange were high at 12,375 lots by the close o...Read More
Copper prices on New York's Comex were little changed in morning trading on Monday November 26 amid scant trading activity and few market drivers being apparent ahead of a major trade meeting.The copper price for December settlement on the Comex division of the New York Mercantile Exchange in the United States fell by 0.30 cents to $2.7635 per lb.Later this week, US President Donald Trump and Chin...Read More
Stocks slightly extended their downtrend on Friday despite a long-holiday-weekend shortened trading session. The S&P 500 index traded closer to its late October low. Will it reverse upwards off the support level?The U.S. stock market indexes lost 0.5-0.7% on Friday, as investors' sentiment remained bearish following the recent declines. The S&P 500 index fell slightly below its Tuesday's l...Read More
Global aluminium billet premiums have been mostly stable over the past month although the Italian billet premium range widened, reflecting offers there for material with many different origins.Italian premium widens; Europe liquidity remains high The premium for 6063 series extrusion billet in northern Italy on a delivered duty-paid basis with 60-day payment terms widened to $510-550 per tonne on...Read More
The global market for electric vehicle batteries in 2025 could be 10 times bigger than in 2018, according to a report by Swiss investment bank UBS published last week.This should help to increase lithium demand by as much as four times, to drive a 41% increase in nickel consumption, and to more than double the use of cobalt over the same period, the report added.These three metals are the ones mos...Read More
Prices for ferro-vanadium and vanadium pentoxide from China slipped in the week ended Friday November 23 after sellers cut their export offers amid a lull in consumer buying and hesitance to purchasing at high levels. European prices held at all-time highs, despite talk of cheaper numbers, with sellers so far under no pressure to cut their offers. Chinese vanadium prices tick down on bearish...Read More
One of the strangest things about this strangest-ever expansion has been the way pretty much everything went up. Stocks, bonds, real estate, art, oil - some of which have historically negative correlations with others — all rose more-or-less in lock-step. And within asset classes, the big names behaved the same way, rising regardless of their relative valuation.This seemingly indiscriminate...Read More
Will GE be the proverbial "black swan?" - It had come to my attention that General Electric was locked out of the commercial paper market three weeks ago after Moody's downgraded GE's short term credit rating to a ratings level (P-2) that prevents prime money market funds from investing in commercial paper. Commercial paper (CP) is an important source of short term, low-cost, liquid funding for la...Read More
Ferro-manganese and silico-manganese prices into Europe made strong gains in the week ended Friday November 23 in response to concerns of a potential shortage should demand see a renewal. Ore prices in China and fob range-bound Alloys in China tick down Ferro-manganese and silico-manganese prices in Europe rise Silico-manganese in India gains prior to tenders Manganese ore prices i...Read More