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
With little fanfare, gold is staging a nice consolidation in the $1280-$1350 price zone.Please click here now. Double-click to enlarge. A breakout from this $70 trading range would usher in a fresh target of $1400 and perhaps $1420.Note the superb position of the 14,7,7 series Stochastics oscillator at the bottom of the chart.Its great positioning is just one of many reasons why $1280 could...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended up Wednesday amid uncertainty about Brexit and the grounding of Boeing's (BA) 737 MAX 8 jets by the United States and many other countries. Roku (ROKU) dropped 14.1% after the stock was downgraded to sell from hold by analysts at Loop Capital, who left the price target unchanged at $45. Oaktr...Read More
Aluminium was one the best performers on the London Metal Exchange on Wednesday March 13, because of stock outflows from LME sheds.The price of the three-month aluminium contract was up by $28 per tonne to $1,905 per tonne at the close of trading on Wednesday.Around 7,425 tonnes of aluminium left LME warehouses on Wednesday, with most of the outflows from Port Klang, Singapore and Rotterdam. Overa...Read More
Skorpion Zinc's refinery in Namibia has to suspend its operations for five weeks on a lack of raw material feed following a mine strike, while the delivery of certain exports will have to be delayed, Fastmarkets has learned.The Namibian operation, Africa's largest integrated zinc operation, has run out of zinc oxide ore as a result of a strike at its mine that started on February 22, parent compan...Read More
Chinese and European zinc premiums fell over the past week amid lackluster demand and disappointing spread structures between the London Metal Exchange and Shanghai Futures Exchange, while the Indian lead premium slid after increased availability of Iranian units in the spot market. The zinc premium in China moved down amid muted import demand in line with worsening import conditions and an oversu...Read More
"The sovereign in the U.S. is supposed to be 'We The People'- first three words in The Constitution. It's not 'We The People.' The sovereign power of the U.S. is a criminal global banking cartel. Period. Full stop.""Criminal immunity is tantamount to Sovereignty. Any entity that has criminal immunity has Sovereign power. For example, you don't need the Constitution to coin money and regulate the v...Read More
Downgrades of the world's second biggest mining company have been rare since the stock started moving up from its low of £15.77 in early 2016 in London to a peak last week of £44.Read More
Skorpion Zinc's refinery in Namibia has to suspend its operations for five weeks on a lack of raw material feed following a mine strike, while the delivery of certain exports will have to be delayed, Fastmarkets has learned.The Namibian operation, Africa's largest integrated zinc operation, has run out of zinc oxide ore as a result of a strike at its mine that started on February 22, parent compan...Read More
Market participants are confident of an increase in the monthly ferro-chrome tender prices offered by major Chinese stainless steel mills for April but warned of a possible downswing thereafter, Fastmarkets heard at its 20th Asian Ferro-alloys Conference in Hong Kong on March 10-12."Chinese mills will certainly raise their April tender prices [for ferro-chrome], and the only question is by how muc...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company"), is pleased to announce that further to the approval received at a Special Meeting of Shareholders held on February 22, 2019 (the "Meeting") and as described in more detail in the management information circular of the Company dated January 18, 2019 (the "Circular"), the Company's name has changed...Read More
"We are one of the lower-priced gold equities out there," he told Mining Journal in an interview in Toronto.Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), an advanced platform for the automated distribution of omnichannel product information in use by global manufacturers and content management system (CMS) providers, announces the appointment of Markus Westerholz as Chief Technology Officer (CTO), effective immediately. Westerholz reports directly to President...Read More
According to the Workplace Gender Equality Agency, as of June 30, 2018, women comprised 16.7% of the mining sector, up from 16.1% in 2017 and 15.7% in 2014.That still makes mining the industry with the lowest proportion of females overall.The level of women in management rose from 14% in 2014 to 17.2% in FY18, while more significantly, the number of CEOs jumped from 2.7% to 7.5% over the same peri...Read More
Gold prices gained Tuesday, recouping most of the previous session's losses, with the dollar weakening in the wake of monthly U.S. inflation data, as investors watched the outcome of a vote by U.K. lawmakers on Prime Minister Theresa May's Brexit plan, which came after the finish for bullion. Matt Stroud, a CME Group spokesman, said a "technical issue," caused some metals and energy settlements to...Read More
The nickel market will hold a marginal deficit until 2021 after which the deficit is expected to expand again, Alex Khodov, principle nickel market analyst from Norilsk Nickel, said at Fastmarkets' 20th Asian Ferro-alloys conference in Hong Kong this week. In the near term, the global nickel deficit will narrow due to nickel pig iron (NPI) production ramp-ups in China and Indonesia and the resumed...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
After the ferro-alloys industry gathered in Hong Kong this week for Fastmarkets' Asian Ferro-alloys conference, our reporters present 10 of the key things we learned. 1. Vanadium is likely to regain momentum in 2019... Many market participants at the conference were bullish about ferro-vanadium in 2019, citing robust demand as a result of the revised rebar standard in China, which mandated an incr...Read More
The manganese ore market is likely to remain stable over 2019 after the previous two years of volatility, though profitability is liable to shrink, according to panelists at Fastmarkets' Asian Ferro-alloys conference in Hong Kong on Monday March 11."The market is less volatile compared to the last two years because while supply has gone up, demand has gone up too," Lei Fei, China Minmetals Corpora...Read More
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