U.S. equity index futures were higher this morning. S&P 400 futures were up 7 points in pre-opening trade.Bausch Health gained US$0.41 to $29.13 after receiving FDA approval for XipereRestaurant Brands International added $0.47 to Cdn$76.59 after reporting higher than consensus third quarter earnings. Alibaba slipped $0.40 to $174.00 after Truist lowered its target price from $260 to $230.Cela...Read More
Spot prices for hot-rolled coil in China were stable on Monday October 25, with thin liquidity and volatile prices keeping buyers in wait-and-see mode, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,550-5,600 yuan ($870-877) per tonne, unchangedThe most-traded HRC contract on the Shanghai Futures Exchange resumed its decline on Monday, finishing the day at 5,180 yuan per tonne, which...Read More
China's domestic rebar prices recovered some losses on Monday October 25 after debt-ridden developer Evergrande Group announced a resumption of its construction projects in several Chinese cities.Domestic Eastern China (Shanghai): 5,350-5,400 yuan ($838-846) per tonne, up by 50 yuan per tonneEvergrande, one of the largest property developer in China, is preparing to resume the construction of a do...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More
Spain-based ferro-alloys producer Ferroglobe has restarted one of the silicon metal furnaces at its Sabon plant in Galicia, with the company looking to take advantage of record high metals prices, sources in Europe told Fastmarkets.Only one furnace at the Sabon plant has been restarted, the sources said, after the company shut production there a few weeks ago due to a spike in power prices in Spai...Read More
Key data from Fastmarkets' pricing session in China on Friday October 22. Key drivers Antimony prices in China were stable last week in a slow spot market, with most participants opting to stay on the sidelines amid diverging market sentiment. Some participants were optimistic toward the market in the...Read More
Another strong export sale to Turkey a week before the November ferrous scrap trade kicks off in the United States is fueling expectations for domestic scrap price increases."This market will have legs to it for some time. We are poised for an uptick in November and December. Then you have new mills coming online in the first quarter," a Midwest seller said, suggesting that prime prices could move...Read More
AMOS, QUEBEC-Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) is building exploration momentum at its flagship Douay and Joutel projects in Quebec's Abitibi gold belt, where it is working with Agnico Eagle Mines (TSX: AEM; NYSE: AEM) in a 50-50 joint venture to jointly unlock their regional potential.On February 2, Maple Gold Mines and Agnico Eagle signed a joint venture agreement under which the parti...Read More
In another sign that it's not just large mining companies looking at M&A deals, Calibre Mining (TSX: CXB; US-OTC: CXBMF) is buying fellow Canadian miner Fiore Gold (TSXV: F; US-OTC: FIOGF) in a deal it says will create a diversified, Americas-focused mid-tier gold producer.Under the deal, Fiore's shareholders will receive 10 ? in cash and 0.994 of a Calibre common share for each Fiore share they o...Read More
Exploration and mine development company Diamond Fields Resources (TSXV: DFR) says a privately held company it intends to acquire has completed an initial resource estimate on the Labola gold project in southwestern Burkina Faso.The resource comprises 5.41 million indicated tonnes grading on average 1.52 gram gold per tonne for 264,000 oz., and an inferred estimate of 6.93 million tonnes grading 1...Read More
Callinex Mines (TSXV: CNX; OTC: CLLXF) has updated the resource at its 100%-owned Point Leamington gold-copper-zinc project in the Buchans mining camp of Newfoundland.The pit-constrained indicated resource is now 5 million tonnes grading 0.09 gram gold per tonne, 12.2 grams silver per tonne, 0.54% copper, 0.01% lead, and 1.39% zinc. The category contains 2.5 million gold-equivalent ounces.The infe...Read More
In a video produced by Franco-Nevada (TSX: FNV; NYSE: FNV), Chairman David Harquail sits down with Ingrid Hibbard, president and CEO of Pelangio Exploration (TSXV: PX), to reminisce about how their two companies combined their efforts to put the Detour gold mine in Ontario into production in 2013. "It was a big deal for Pelangio and it all started with a handshake," Hibbard recalls. "We though...Read More
Southern Silver Exploration (TSXV: SSV; US-OTC: SSVFF) is a Canadian exploration company focused on developing high-grade precious and base metal properties in North America.The Vancouver-headquartered junior is advancing its 100%-owned Cerro Las Minitas silver-lead-zinc project in Mexico, about 70 km northeast of the city of Durango.The 34,450-hectare property lies within the prolific Faja de Pl...Read More
B2Gold (TSX: BTO; NYSE-AM: BTG) is selling its 81% stake in the Kiaka gold project in Burkina Faso to Australia's West African Resources (ASX: WAF) for cash and shares.Kiaka is 48 km south of West African Resources' Sanbrado gold mine, which poured its first gold in March 2020. The project, about 110 km southeast of the capital of Ouagadougou, is also about 50 km south of Orezone Gold's (TSXV: ORE...Read More
Earlier this month, lawmakers in Chile filed impeachment proceedings against President Sebasti??n Pi??era after allegations surfaced in the Pandora Papers about a deal involving the Dominga iron ore project. The lawmakers claim that information contained within the Pandora Papers suggest that the president used his position to favor the project.Days earlier, prosecutors announced that they were op...Read More
Giga Metals (TSXV: GIGA; US-OTC: HNCKF) is exploring for metals critical to the lithium-ion batteries used in electric vehicles and energy storage technologies.The junior is advancing its 100%-owned Turnagain nickel and cobalt project in north-central British Columbia, about 1,350 km northwest of Vancouver.Mark Jarvis, the Canadian company's CEO, says the project is one of the most significant un...Read More
/CNW/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) (Read full newsRead More
The Cukaru Peki upper zone of the Timok copper and gold project is part of Serbia's only copper mining complex.Read full newsRead More
Mineral Resources Ltd will restart operations at the Wodgina lithium mine it owns with Albemarle Corp next year, the Australian miner said on Monday, on improving demand for the metal used in making electric vehicle (EV) batteries.Read full newsRead More