McEwen Mining (TSX: MUX; NYSE: MUX) closed its offering of 14.5 million flow-through common shares priced at $1.325 each for total gross proceeds of $19.2 million. The sole bookrunner for the offering was Canto Fitzgerald Canada, and PearTree Canada structured the flow-through donation placement.The company will use the proceeds for qualifying Canadian exploration expenditures on its Ontario prope...Read More
Deep-South Resources (TSXV: DSM) seems to have has scored a win in its battle to renew the company's prospecting licence for the Haib copper project in Namibia, after the country's mining and energy ministry missed a deadline to file the permit's refusal. Minister Tom Alweendo declined to renew Deep-South's licence in June last year, citing the Vancouver-based company's inability to advance to a...Read More
As George Harrison once sang: "All Things must pass"... and that includes incredible journalistic and editorial tenures. With that thought in mind, I announce to you all that Trish Saywell is retiring from our team on March 15. Before joining The Northern Miner, Trish worked in Asia for several publications, including The Hong Kong Standard, Asiaweek, and the Far Eastern Economic Review...Read More
This week's episode features Anglo American CEO Mark Cutifani in conversation with Northern Miner senior reporter Henry Lazenby at the Global Mining Symposium. Mark discusses the outlook for commodities (including diamonds and copper), how the company is addressing ESG, and what message the mining industry should broadcast about itself to the rest of the world.All this and more with host Adrian Po...Read More
This week's episode features Master of Industrial and Organizational Psychology candidate at Adler University Andrea Carter, who discusses the importance of 'belonging' in the workplace and how genderism and racism, among other isms, are more common than ever, despite the common perception that things are improving. Andrea also discusses how social ostracism can have considerable health impacts, a...Read More
This week's episode features Los Andes Copper CEO R. Michael Jones on why he shifted his focus to copper, what it's like to work in Chile, and common strategies to increase the profile of a mining company. He also discusses his outlook on copper and the process to list on the TSX.All this and more with host Adrian Pocobelli.This week's CEO Spotlight is sponsored by Manifest Climate, featuring co...Read More
It takes a team effort to recognise and deliver on the huge potential of a large-scale, underexplored region, but that is exactly what the ASX-listed copper exploration and development company Caravel Minerals is doing in Western Australia's Wheatbelt region at its namesake project.The Caravel copper project is an undeveloped conventional open-pit mining and processing project with a mineral resou...Read More
After building a strong portfolio of copper and gold projects that span across Australia, the ASX-listed gold and base metals development company Zenith Minerals is adding another string to its bow this year, with a foray into lithium exploration.Zenith advised on January 13 that it will be focusing more on EV metals this year following the announcement of its joint venture with the publicly unlis...Read More
The bank's commodity's team made it clear it wasn't forecasting "doom and gloom" for gold prices, but said it was rolling much of the experience seen in 2021 into its forecasts.Read More
Most analysts agree copper could face short-term headwinds due to closures relating to energy shortages and China's upcoming holidays and the Beijing Olympics.Copper reached an all-time high of more than US$10,500 per tonne in 2021 and reached just above $10,000/t overnight.Citi sees copper pulling back to $8800/t in the short-term and recommended buying any dip below $9000/t."The degree of subseq...Read More
Solaris Resources is close to showing the world-class credentials of its Warintza project in southeastern Ecuador, thanks to the completion of an updated mineral resource estimate for the Warintza Central deposit at the end of this quarter.Exploration at Warintza has caught the market's attention due to discoveries at Warintza West, Warintza East, and recently at Warintza South in addition to...Read More
Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Monday September 14, although steelmakers were continuing to seek higher prices, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?476.45 ($564.32) per tonne on Monday, up by ?,?0.44 per tonne from ?,?476.01 per tonne on September 11.The...Read More
Fastmarkets' Ferrous Analytics report will help subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Analysts at Fastmarkets have been impressed by the persistent strength - and indeed the acceleration - of the raw materials prices identified in this month's Ferrous Analytics report....Read More
Steel rebar producers in Egypt have increased their prices with effect from Monday September 14, Fastmarkets has learnt.The country's biggest producer, Ezz Steel, was now offering rebar at E ?10,100 ($640) per tonne ex-works including 14% VAT. This was up from E ?9,750 per tonne ex-works including VAT. ...Read More
China's domestic rebar prices moved up slightly on Monday September 14 to track movements in the billet market, but the increases failed to stimulate much demand. DomesticEastern China (Shanghai): 3,700-3,720 yuan ($542-545) per tonne, up by 20 yuan per tonneBillet prices in Tangshan rose over the weekend on active buying, which led to those for rebar following suit on Monday.But rain and a weak f...Read More
Domestic prices for ferrous scrap in Italy have increased month on month in September, with prices moving in line with international market trends, sources told Fastmarkets on Monday September 14.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy, was ?,?220-240 ($261-284) per tonne on September 14, up by ?,?10-15 per tonne month on mont...Read More
Iron ore prices gained again on Monday September 14, with market sources expecting mills to replenish their iron ore inventory before the Golden Week holiday in October in China, which resulted in active trading at ports and a rise in prices.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $130.17 per tonne, up $1.80 per tonne62% Fe low-alumina fines, cfr Qingdao: $130.22 per tonne, up...Read More
"It is not good to be young in American in 2020."Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In b...Read More
Links to Slides and Sources: https://www.itmtrading.com/blog/your-...Now that Gold has taken off in terms of its "nominal price" (aka spot price), there's a lot of questions and discussions around spot gold, the different types of physical gold, and how those function in relation to gold mining stocks.So today I'll not only show you the differences in these types and functions, but I'll show you h...Read More
Julian Assange's lawyer says the Wikileaks founder could face 175 years in prison if he's extradited to the U.S., where he faces espionage charges; Glenn Greenwald, founder of The Intercept, joins Tucker Carlson on 'Tucker Carlson Tonight' to discuss this and more. Glenn Greenwald is one of three co-founding editors of The Intercept. He is a journalist, constitutional lawyer, and author of four Ne...Read More