Casa Minerals (TSXV: CASA) has discovered a new zone at its Pitman gold project near Terrace, B.C., 1 km south of the Golden Dragon gold discovery it made earlier this year.Prospecting, rock and soil geochemical sampling graded as high as 231 grams per tonne silver, 2.83% copper and 6.15% zinc at the Dragon Tale zone over an area measuring 1.4 km by 0.7 km. The zone remains open in all directions....Read More
According to the Wall Street Journal, China is planning a new approach to foreign investment whereby it will allow increased access for foreign companiesContinue...Read More
Barrick Gold Corp. has reached an agreement with the Tanzanian government on a $300 million payment, a milestone toward resolving a dispute that has crippled the miner's subsidiary in the African country, according to people familiar with the situation. The two sides made significant progress on a deal that includes Acacia Mining Plc paying $300 million in installmentsExecutives from the Toronto-b...Read More
While a rate hike is likely to happen at the next Federal Reserve Meeting next week, a more dovish tone is expected in 2019, said Peter Hug, global trading director of Kitco Metals.Read More
Amarillo Gold Corporation (TSX.V: AGC) has received approval from the Brazilian Mining National Agency for a three-year extension of its mining concessions for the Posse gold deposit, also known as the Mara Rosa gold project.According to Amarillo, the agreement allows for the continued delay of mining activities, thereby preserving the mining status of the concessions and providing enough time for...Read More
The launch of a high-grade iron ore derivative by the Singapore Exchange last week represents a "leap forward for the [ferrous] industry, particularly those that are exposed to the high-grade product," according to Andrew Glass, head of iron ore trading at Anglo American.SGX launched the world's first high-grade iron ore derivative contract, settled against the daily MB 65% Fe Iron Ore Index publi...Read More
In this interview, David shares his thoughts on where silver is heading and his approach to investing in silver stocks right now.0:05 Introduction1:16 Where is the price of silver headed?2:46 Can silver's price stay below the average AISC for an extended period of time?3:47 The primary demand driver of the coming silver bull market5:29 How David is approach silver stocks now7:09 Discussing Royalty...Read More
Canada's IAMGOLD Corp. (TSX IMG), (NYSE: IAG) is working on expanding its footprint in Burkina Faso, West Africa, where it already operates its Essakane mine, in production since 2010.From the drilling carried out this year around the mine, particularly the Gossey satellite deposit, located 15 km north, IAMGOLD has concluded the prospect holds combined, indicated and inferred resources amounting...Read More
Canada's Harte Gold (TSX: HRT) said Wednesday it expects to begin commercial production at its Sugar Zone operation before year-end.Since landing commercial production permits from the Ontario government in September, it has been running full tilt - it poured its first gold bar in October, held the mine's official opening later that same month, and conducted its first production blast in November...Read More
Iranian export billet and slab prices continued to fall this week, with sanctions leading suppliers to cut offers, but with little success.Billet offers from Iran were heard at $395-405 per tonne fob, depending on the producer, down from $405-412 per tonne fob last week.However, most customers have held back from purchasing Iranian material."It is too risky to buy Iranian steel...Read More
CIS export billet price dropped further on Wednesday December 12 with negative sentiment in the market curbing trading activity."People are just scared to buy because they know that tomorrow they will be able to get a lower price," a trader said.Most market...Read More
* FTSE 100 up 1.1 pct; FTSE 250 up 1.9 pct * Market sees PM May defeating leadership challenge * Brexit-sensitive housebuilders rise* Trump's conciliatory trade talk boosts markets * Superdry sinks 38 pct on profit warning (Updates prices, adds details, graphic)By Josephine Mason and Helen ReidLONDON, Dec 12 (Reuters) - British stocks rose on Wednesdayas investors welcomed conciliatory talk from U...Read More
China's domestic rebar prices increased mildly on Wednesday December 12 following higher billet and futures prices. Domestic Eastern China (Shanghai): 3,780-3,820 yuan ($548-553) per tonne, up 10-20 yuan per tonneNorthern China (Beijing): 3,490-3,520 yuan per tonne, up 20 yuan per tonneBillet prices picked up late on Tuesday and on Wednesday morning. Meanwhile, futures prices rose from Tuesday's n...Read More
The European ferro-molybdenum market, which climbed almost 2.5% in trading a week ago, has pared gains since Friday in line with a drop in demand.Suppliers said there is plenty of alloy available if needed amid negligible levels of consumer demand and they have cut their offer prices as a result.The ferro-molybdenum, basis 65%, in-warehouse Rotterdam price has dropped 20 cents to $29.20-29.40 per...Read More
Key data from the Wednesday December 12 pricing session in Europe. Key drivers European suppliers booked several sales in the past week, narrowing the price range to 50 cents.European market sources said there was downward market pressure from Russian suppliers, but those suppliers have reported doing deals around the middle of the current European price range.European market expected to be stabl...Read More
A resurgent tech sector helped power the NasdaqWall Street enjoyed a positive session, as the Dow finished nearly 160 points higher thanks to optimism surrounding U.S.-China trade talks. The blue-chip index traded up over 450 points at its session highs, after reports indicated China was prepared to undergo massive changes to its trade policy, including allowing greater access to international com...Read More
Hollow steel sections prices in Europe remained flat this week while the market mulled the implications of reaching the import quota limit, market participants said.Fastmarkets MB's domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week at ?,?635-650 ($721-738) per tonne delivered on Wednesday December 12.The hollow sectio...Read More
A Bloomberg report points to a potential merger between Germany's two biggest lendersDeutsche Bank AG (NYSE:DB) is near the top of the New York Stock Exchange (NYSE), after a Bloomberg report suggested the German government is actively pursuing a merger between the German lender and its rival Commerzbank. The article said efforts to marry Frankfurt's two biggest lenders include changing existing l...Read More
Turkish pipe export prices continued to weaken over the past week largely due to trade barriers and limited demand, sources told Fastmarkets on Wednesday December 12.Steel pipe producers in Turkey reduced their offer prices for 2mm wall thickness EN10219-standard, grade-S235 tube to $590-600 per tonne fob, down from last month's $610-620 per tonne.Fastmarkets' monthly export...Read More
A provision in the new farm bill will make industrial hemp legalStocks are extending their impressive gains this afternoon on heightened hopes of a trade deal between the U.S. and China. Three individual names to watch are retailer Lowe's Companies, Inc. (NYSE:LOW), CBD drink specialist New Age Beverages Corp (NASDAQ:NBEV), and Chinese car sales concern Uxin Ltd (NASDAQ:UXIN). We'll dig into the n...Read More