Torex Gold Resources Inc. (TSX: TXG) recently reported record production in the third quarter of 2018 of 100,346 ounces in dore, and an additional 1,135 ounces in carbon fines. Gold produced for the nine months totaled 246,309 ounces in dore, and an additional 11,322 ounces in carbon fines.Fred Stanford, President & CEO of Torex stated: "This was an excellent quarter with record gold productio...Read More
* May wins no-confidence vote by 200 to 117 votes * Sterling still near 20-month lows * Traders say little has changed, pound still under pressure * Graphic: World FX rates in 2018* Graphic: Trade-weighted sterling since Brexit vote (Recasts with results, adds new quotes, updates prices)By Tommy WilkesLONDON, Dec 12 (Reuters) - Sterling retreated from earlierhighs on Wednesday after Prime Minister...Read More
Kirkland Lake Gold Ltd. (TSX: KL) (NYSE: KL) (ASX: KLA) says the company is on track for record quarterly production in the fourth quarter of 2018, with full-year 2018 production now expected to exceed 330,000 ounces versus current guidance of 300,000 - 310,000 ounces. Based on the improved outlook for Fosterville Mine, the Company now anticipates that full-year 2018 consolidated production w...Read More
A historic backwardation in zinc forward prices has its first major casualty, with Thailand's foremost zinc distributor set to close that part of its business as a result.Padaeng Industry, formerly a primary zinc smelter which pivoted into the renewable energy industry, will close its 50,000 tonne per year zinc metal distribution business at the end of 2018, the company said in a Stock Exchange of...Read More
Bob Moriarty ArchivesDec 12, 2018White Gold has been on a tear this year. Going from a low of $.54 in early September, the shares hit a high of $2 a month later before starting a correction into December. The run began afterI wrote a piece in mid-September. Actually the company hadreleased brilliant results a week earlierthat the market totally ignored as it so often does. They followed up withmor...Read More
The tin premium in Europe continued its ascent on Tuesday December 11 on mounting concern for the availability of supply from Indonesia, while weak demand is keeping premiums in the United States and China flat. European premium boosted by Indonesian export freezeUS premiums flat in quiet marketChinese premiums stable on seasonality, closed import window European tin premium up before a tight Janu...Read More
Base metals prices on the London Metal Exchange had mostly drifted lower by the close on Wednesday December 12 but were confined to tight ranges throughout what was an unexceptional trading day.Volumes were thin while market participants slowed their trading ahead of the looming end of the year. In copper, around 10,000 lots traded by the 5pm close compared with more than 22,000 lots on Friday. Th...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
The not-so-rare metals are needed for the powerful permanent magnets in motors and batteries, with up to 5kg of neodymium and praseodymium (NdPr) batteries in each car.With EV take-up f...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
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), announces that Mrs. Nikki Mayer has resigned as a director, Chief Financial Officer and Corporate Secretary of the Company to pursue other opportunities. Mrs. Mayer added, "After 2 years, I am stepping down as the Chief Financial Officer of Peekaboo Beans. I would personally like to thank th...Read More
Mining Journal caught up with CEO Peter Steenkamp in Johannesburg to talk about these operations, the outlook for 2019 and his thoughts on operating in South Africa and the new mining c...Read More
Dynacor Gold Mines Inc. (TSX: DNG; OTC: DNGDF) says its October gold production results were the best monthly gold production results in 2018.In October, the Corporation produced 7,352 ounces of gold, a 11% monthly average increase from the previous nine months. The total amount of ore purchased in October also increased by 11% compared to the average of the previous nine months.Dynacor, the...Read More
Gold futures settled higher on Wednesday, scoring their first gain in three sessions after data showed U.S. inflation remained flat in November and the dollar took a dip after strengthening over the last two sessions. Gold for February delivery GCG9, -0.01% on Comex rose $2.80, or 0.2%, to settle at $1,250 an ounce, while March silver SIH9, -0.21% added 22.3 cents, or 1.5%, to $14.851 an ounce....Read More
Wayne ColePublished 20 Hours AgoReuters politics@* Asian stock markets : https://tmsnrt.rs/2zpUAr4* Trump says trade talks ongoing with China, could act on Huawei* Asia markets push higher, Europe stocks seen starting firmer* Pound hits 20-mth low as British PM risks party challenge* Oil prices bounce after big draw in stockpilesSYDNEY, Dec 12 (Reuters) - Asian stock markets rallied on Wednesday a...Read More
SilverCrest Metals Inc. (TSX.V: SIL) (NYSE: SILV) recently announced that SSR Mining Inc. ("SSR") has agreed to purchase 8,220,645 common shares of the Company at a price of $3.73 per share for a total investment of $30,663,006 in a non-brokered private placement financing. After giving effect to the private placement, SSR will own 9.9% of the outstanding common shares of Silve...Read More
Barkerville Gold Mines Ltd. (TSX.V: BGM) announced drilling results from 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. The drilling results demonstrate continuity of high-grade gold mineralization within vein corridors and extensions down dip and down plunge. A total of 63,970 meters were drilled on Cow Mountain during the...Read More
CloseGain/LossGold $1245.90+$2.90Silver$14.74+$0.19XAU68.64+2.31%HUI156.76+2.58%GDM567.53+1.60%JSE Gold1273.45+30.72USD97.02-0.40Euro113.66+0.44Yen88.34+0.12Oil$51.15-$0.5010-Year2.914%+0.035T-Bond143.21875-0.59375Dow24527.27+0.64%Nasdaq7098.31+0.95%S&P2651.07+0.54% The Metals: Gold chopped up to $1247.10 at about 1PM EST before it fell back off into midafternoon, but it then rallied back...Read More
- Gold Krugerrand coin worth $1,200 put in charity kettle - this time in Alaska- Mystery Salvation Army gold donors keep giving Gold Krugerrands- Gold, like pounds, euros and dollars can be used for good or ill- Give the gift of gold in this the Season of Kindness Gold Krugerrands (1 oz) being used for goodSalvation Army staff in Alaska got a big surprise while counting change from their red ke...Read More