Copper hit US$10,008 a tonne on the London Metal Exchange today, nearing the record inter-day high of US$10,204 per tonne set in February 2011. "It's a great time to be a copper miner and prices are way, way above what it costs to get the metal out of the ground," Robert Edwards, principal analyst at the CRU Group, told The Northern Miner in a telephone call from London. "For every one dollar the...Read More
Ero Copper (TSX: ERO) says it has identified a new zone of mineralization at its Vermelhos project, an underground mine under development in Brazil and part of the company's MCSA mining complex, which includes the Pilar underground mine and the Surubim open pit mine, in the country's northeastern state of Bahia.The new discovery, named the Novo zone, was found about 200 metres below the existing i...Read More
Glencore's board approved on Thursday the proposed pay package for incoming chief executive Gary Nagle, despite coming under fire from proxy groups and some investors in recent weeks.Nagle, who is set to take over Ivan Glasenberg at the end of June, will receive up to US$6.4 million in any one year, as 40% of his bonuses will be held back until two years after he leaves his post. This ignores any...Read More
Mineral exploration and mining companies need to adopt a "proactive approach" to managing climate-driven impacts on infrastructure built on permafrost, says Christopher Stevens, senior consultant at SRK Consulting (U.S.), Inc. Surface infrastructure including roads, airstrips, buildings, and tailings dams often relies on permafrost's frozen state for stability. These structures, however, are beco...Read More
An eagerness to maintain relationships by doing deals with counterparties has left some manganese ore buyers and suppliers saddled with unsustainable financing costs, market participants told Fastmarkets this week.Market participants who bought high-priced material in February and March are still financing high-priced material that has since devalued and some have reached the end of their toleranc...Read More
Mining major Vale is again considering spinning off its base metals business after reporting strong first-quarter earnings on soaring metals prices.Speaking at an earnings conference call on Tuesday April 27, Vale chief executive officer, Eduardo de Salles Bartolomeo said the recent sale of Vale New Caledonia was one factor prompting Vale to again consider spinning off its base metals assets."One...Read More
Jorge Ganoza, CEO at Fortuna Silver Mines, joins BNN Bloomberg to discuss their takeover of Roxgold. He said this is not growth for the sake of growth and argues the West African region has intrigued them for many years. The company now anticipates about 450,00 ounces of gold production per year.Read full newsRead More
COVID still impacting operationsRead full newsRead More
NEW YORK, April 27, 2021 /PRNewswire via COMTEX/ --NEW YORK, April 27, 2021 /PRNewswire/ -- Gold prices remained steady on Monday as investors await policy...Read full newsRead More
Cyclical stocks can deliver massive gains when investors get the timing right.Why Nutrien looks like a good stock to buy nowNutrien (TSX:NTR)(NYSE:NTR) is the world’s largest supplier of potash. The crop nutrient is used by farmers to boost crop yields. Nutrien expects global potash shipments to match or exceed the 2020 record levels, and the positive trend should continue in the coming year...Read More
Gold stock have not been popular in 2021. Stock markets continue to perform exceptionally well, as vaccinations make their way into people’s arms. Clearly, many investors are looking ahead to a time when things reopen. In fact, most investors are pricing this in. But have we thought about the potential problems that might arise? And have we thought of how to position ourselves for it?Rising...Read More
The best time to shop for growth stocks, or even dividend stocks, is usually the peak (or technically, the depth) of a market crash. That’s when almost everything is at a discount, and whether you want good value or a great yield, you have several different options to choose from.But market crashes are relatively rare, and if you keep waiting for them to happen, before you can buy growth sto...Read More
WELL Health Technologies (TSX:WELL), Kinross Gold (TSX:K)(NYSE:KGC), and Corus Entertainment (TSX:CJR.B) are three top Canadian stocks currently trading under $10 to buy now. Here’s why those three stocks are good buys.WELL HealthWELL Health has thrived in the face of the COVID-19 pandemic, as its telehealth services have seen an increase in usage. It’s a trend that investors can count...Read More
Apr 30, 2021 Guest(s): Ed Moy Former U.S. Mint Director Concern about inflation and a weakening U.S. dollar, is pushing more than a dozen states to try and recognize gold and silver coins as legal tender.The Constitution allows for States to give their citizens the ability to settle debts in gold and silver, according to Ed Moy, former director of the U.S. Mint."What it does allow the states to...Read More
China's spot blister copper refining charges (RCs) rose in April to their highest level since September 2019 amid increased competition from domestic units and surging scrap availability.Fastmarkets' price assessment for copper blister 98-99% ,RC spot, cif China, was $185-200 per tonne on Friday April 30, up from $170-185 per tonne a month ago. Few tonnages were sold and offered in the $180s...Read More
While the whole London Metal Exchange base metals complex ended the month on solidly higher prices than at the start of April on a recent bullish streak, a dollar index at its highest in a week pushed down copper and aluminium prices at the close on Friday April 30. The dollar index reached 91.29 on Friday during afternoon trading, its highest since April 23 after bottoming at 90.42 on Thursday, r...Read More
Fastmarkets' benchmark copper concentrate treatment and refining charge (TC/RC) index rose for the third consecutive week on Friday April 30. At $26.90 per tonne / 2.69 cents per lb, the index has reached its highest level in a month and has rebounded from its record lows of $21.90 per tonne / 2.19 cents per lb on April 9. Smelter...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
The stock started 2021 at levels around 30c.Read More