Key data from the Wednesday March 13 pricing session in Europe. Key drivers The recent rally in the European ferro-titanium price shows no sign of ending, with buying inquiries reported from within Europe and beyond, such as the United States. Renewed consumer demand for second-quarter delivery settlements has combined with short covering for both prompt and longer term demand amid a potenti...Read More
Monarques Gold Corp. of Montreal saw visible gold in 12 of the first 41 holes drilled to date at its McKenzie Break deposit 35 km north of Val d'Or. One of those holes returned a bonanza of 265.00 g/t gold over 0.6 metre.The second set of results, while not that high, still qualify for the "high grade" category:Hole MK-18-216: 24.40 g/t gold over 2.0 metres, including 93.80 g/t over 0.5 metre;Hole...Read More
Toronto-based Wallbridge Mining Co. has intersected 2.55 g/t gold over 20.0 metres at its Beschefer property located 28 km from the company's Fenelon gold property. Results such as this have confirmed the continuity of the gold-bearing structure at the project.This is the company's first drill program at Beschefer, and all five holes cut significant gold mineralization in the B-14 shear zone. The...Read More
Atlantic Gold has added measured and indicated ounces at its Touquoy, FMS and Cochrane Hill gold projects with results from its 2018 drill campaign.The company added 88,000 oz. gold at Touquoy which, net of mine depleting, represents a 17% increase. The deposit now contains 11.3 million measured and indicated tonnes grading 1.23 grams gold for 445,000 oz. gold.It boosted its FMS project 47% to 676...Read More
Six foreign-controlled miners operating in Indonesia, including PT Vale Indonesia and a unit of Australia's Newcrest Mining, intend to divest some of their shares "in the near future" to meet regulations, an Indonesian official said.According to Indonesian mining rules, foreign-controlled miners are required to gradually start reducing ownership after five years of production. Within 10 years, for...Read More
Northern Dynasty Minerals (TSX:NDM) has entered into a bought deal financing with Cantor Fitzgerald Canada to raise $10 million that will allow the miner to further advance its Pebble copper-gold-silver project in Alaska.The deal prices the company's shares at 64 Canadian cents, a 13.5% discount to the stock's price before the financing was announced.The Canadian miner has also granted the underwr...Read More
Brazil's government wants to enact rules that allow mining in indigenous reserves which occupy 13 percent of the country's territory and hopes it can get Congress to reconsider a decades-old proposal to do so, a Mines and Energy Ministry official told Reuters.Mining Secretary Alexandre Vidigal de Oliveira was asked to clarify comments made last week by Mines and Energy Minister Bento Albuquerque,...Read More
The company noted that the results justify moving the deposit into an early position in the British Columbia's project's mining sequence. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release that the March 7 updated resource estimate for Iron Cap contains shows a size increase and confirmed the high-grade zones in the overall resource. The independent study, prepared by RMI, fo...Read More
Fund manager Adrian Day looks at three junior resource companies that are following the prospect-generator model. Midland Exploration Inc. (MD:TSX.V, 1.30) reported an early-stage copper-gold-molybdenum discovery in James Bay based on grab samples taken just prior to the end of the exploration season. Now, following soil testing and an IP geophysical survey at the 100%-owned Mythril, which seems...Read More
Pakistan's military is taking a key role in the development of one of the world's biggest untapped copper and gold deposits, which is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms, multiple sources familiar with the situation said.The Reko Diq mine has become a test case for Prime Minister Imran Khan's ability to attract serious foreign investment to Pakistan...Read More
On Monday, we first learned that for the previous two days, Facebook had banned all Zero Hedge content across its various mediums, as it went against Facebook'sContinue...Read More
Prices for hollow steel sections in the domestic Northern European market were stable on Wednesday March 13, while prices in Southern Europe edged up for the second consecutive week, market sources have told Fastmarkets.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week on Wednesday at ?,?630-650 ($710-733...Read More
Turkish pipe export prices have fallen in March in line with strong competition in the market, with new trade-protection factors likely to add further uncertainty, sources said on Wednesday March 13.Fastmarkets' monthly export price assessment for EN10219-standard, grade-S235 tube, with 2mm wall thickness, fell to $590-600 per tonne fob on Wednesday, from $630-640 per tonne in February.The mills i...Read More
President Trump said the U.S. will ground BA's 737 MAX 8 planesThe Dow was up more than 220 points at its session peak, with Wall Street's risk appetite fueled by some encouraging economic data. The Dow briefly pared the bulk of these gains after President Donald Trump said the U.S. will ground Boeing's (BA) 737 MAX 8 planes. However, the blue-chip index muscled back to a triple-digit gain by the...Read More
The tobacco company's affiliate, Criticality, just opened a new hemp processing plantAurora Cannabis (ACB) isn't the only pot stock making gains today. Pyxus International Inc. (NYSE:PYX) is up 2.6% at $28.69,on news that the tobacco company's hemp processing partner, Criticality, opened a new plant in Wilson, North Carolina. The hemp processed at the facility will be used in "Korent," Criticali...Read More
The video game stock is higher on high-profile takeover chatterTake-Two Interactive Software, Inc. (NASDAQ:TTWO) stock is trading at the top of the S&P 500 Index (SPX) -- up 5.4% at $94.71 -- as rumors swirl of a potential Sony (SNE) takeover. Options traders are taking note as the shares head toward their best day of the year, with calls running at almost six times the average intraday pace.By th...Read More
Hexo Corp is ramping up its efforts at producing recreational marijuanaThe Dow is on the mend today thanks to aBoeing (BA) bounce and upbeat economic data. Among stocks making notable moves today, orphan disease specialist Akari Therapeutics PLC (NASDAQ:AKTX) and cannabis company Hexo Corp (NYSEAMERICAN:HEXO) are higher, while EpiPen rival Insys Therapeutics Inc (NASDAQ:INSY) is sharply lower. Her...Read More
* European stocks climb as oil, Brexit hopes boost market * Adidas down on warning supply chain issues to crimp sales * Inditex slides as pace of store closures surprises* Sterling recoups some losses (Updates prices, adds quotes)By Julien Ponthus and Helen ReidLONDON, March 13 (Reuters) - European shares jumped onWednesday as investors bet British lawmakers would vote toreject a disorderly no-dea...Read More
By: IRA EPSTEINBrexit excites gold price. In the daily gold chart climbing the wall of worry. $1290.60 support...$1,312.20 resistance:Read More
Is the "fear gauge" on the verge of a breakout?Unless you've been hiding under a rock, you're probably aware that the U.S. stock market has been on fire in 2019. In fact, the S&P 500 Index (SPX) is on pace to top the key 2,800 level today, eyeing its highest close since early October, before the massive fourth-quarter sell-off. As such, the Cboe Volatility Index (VIX) -- also known as Wall Street'...Read More