Good morning from Fastmarkets' offices in Asia, bringing the latest news and pricing stories on Tuesday October 30. Base metal prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Tuesday October 30 due to a firm dollar index, with nickel the only metal to gain on...Read More
An updated preliminary economic assessment of Marathon Gold's (TSX: MOZ) Valentine Lake project in Newfoundland, which was based on 20,000 metres of additional drilling since February, among other work, demonstrates stronger economics than an earlier PEA completed in May.The new PEA estimates the project will produce 2.72 million ounces of gold, an average of 225,100 ounces per year, over a 12-yea...Read More
OceanaGold (TSX: OGC; ASX: OGC) has announced new high grade gold intersections from its Martha gold project at its Waihi gold mine in New Zealand. The company will include the latest results in an underground resource model for Martha it will release later this year.In August 2018, the company announced it had increased Martha's indicated resource by 700% to 760,000 indicated tonnes grading 5.8 g...Read More
Oct 30 (Reuters) - U.S. specialty metals maker Arconic Inc reported a better-than-expected quarterly profit on Tuesday and raised its full year earnings forecast, driven by higher demand for aluminum parts used in airplanes.Shares of Arconic, which counts planemakers Boeing and Airbus as its customers, rose 2 percent to $19.60 in premarket trading.Arconic has increased hiring and capital expenditu...Read More
Chaarat Gold Holdings (LON:CGH), the company that tried buying Centerra's Kumtor mine in the Kyrgyz Republic, has agreed to acquire Kapan gold mine in Armenia from Polymetal, one of Russia's largest gold and silver producers.The $55 million deal is part of Chaarat's intention of becoming a major regional player in Central Asia, with an annual production of 1 million ounces, which it aims to rea...Read More
Oct 30 - Metals producer Nyrstar NV said on Tuesday that third-quarter core profit dropped 74 percent, hit by a combination of falling zinc prices, rising energy prices and higher mine operating expenses.The Belgian company, whose biggest shareholder is Swiss-based global commodities trader Trafigura, had already issued a profit warning last month and its shares slid 11.1 percent following Tuesday...Read More
Oct 30 - Belgium's Nyrstar NV posted a 74 percent plunge in third-quarter core profit on Tuesday, hurt by lower zinc treatment charges, rising energy prices and higher operating charges at mining operations.Underlying earnings before interest, tax, amortization and depreciation (EBITDA) came in at 13 million euros ($14.8 million) on revenues of 1.0 billion euros, the zinc and lead producer said.Fo...Read More
BHP Billiton Ltd.'s giant Olympic Dam mine in Australia's Outback is a labyrinth of 450 kilometers of tunnels and roads - an ideal testing ground for the industry's burgeoning shift toward cleaner power.Taking about 30 minutes to drive from top to bottom, there's ample opportunity for the world's biggest miner to test electric SUVs in a bid to cut both costs and pollution, including potentially ha...Read More
Critical Elements Corporation (TSX-V: CRE) (US OTCQX:CRECF) has completed its pilot plant program at the Outotec Research Centre, where the company is successfully converting spodumene concentrate from the Rose Project into battery grade lithium hydroxide using a thermal leaching process.The company reports the pilot plant conversion process yielded extraction rates of up to 93%, surpassing the...Read More
"Why are #BritishColumbia, #Ontario, #Saskatchewan, #NorthwestTerritories & #Nevada the most secure for #investors? Find out in the 2018 #WorldRiskReport: https://t.co/iXlsSr9ABt"Read full newsRead More
"Rio Tinto CEO JS Jacques says there would be upside risk - sorry, benefits - in miners cutting out jargon ($) | https://t.co/LFg94lKqIY $RIO #IMARC2018"Read full newsRead More
"Analysis: U.S. borrowing on pace to top $1.3 trillion this year, the highest since 2010 https://t.co/BDWxxv36ty"Read full newsRead More
Report says air pollution is having a devastating impact on children worldwide, storing up a public health time bombRead full newsRead More
GE shares are now unchanged since 1995...Read full newsRead More
The world's largest miner has cut its economic growth forecasts for the world's two biggest economies as the superpowers engage in aRead full newsRead More
Arizona prospector John Waddell realizes he's lucky to be alive after surviving a days-long ordeal at the bottom of an old abandoned mine shaft in the desertRead full newsRead More
"Stelmine Canada is looking to open a new gold mining camp ! $STH #STH #Courcy#QuebecMining #Gold #Opinaca $STH.V Read their corp. presentation here: https://t.co/AUFCl6HSJy"Read full newsRead More
"Did you know that Canada Cobalt Works created a premium grade end product (cobalt sulphate) without a smelting process? Check them out now. #CCW $CCW @canadacobalt #Cobalt #Mining #CCW.V #TSXV #SmallCaps #batterymetalsRead more here: https://t.co/1aGISH81te"Read full newsRead More
Gold Resource Corporation (NYSE American: GORO) (the "Company" or "GRC") reported production results for the third quarter ended September 30, 2018 of 6,411 ounces of gold and 321,590 ounces of silver, which along with base metal revenue generated $24.3 million in net revenue for the quarter.Read full newsRead More
"The new resource estimate encompasses about two-thirds of the total mineralized area defined to date, which extends over an area 2.5 km long by 600m wide. Mineralization remains open at depth and towards the southeast. https://t.co/5uv8IauwQM #Investing #Resource #Gold"Read full newsRead More