Russia has continued increasing fuel exports to the United States, raising them by 16% in July from June, to 1.078 million tonnes, replacing crude oil supplies from Venezuela, Refinitiv Eikon and traders' data showed on Thursday.Read full newsRead More
The AI-Powered Search Engine Promises to Bolster Analog Gold's Growth in 'Undervalued' Mining MarketFORT LAUDERDALE, Fla. and NASHVILLE, Tenn., Au...Read full newsRead More
Nigeria hopes changes it has made to gold mining regulation will earn the government $500 million a year in royalties and taxes and create 250,000 jobs, President Muhammadu Buhari said on Thursday.Read full newsRead More
Northstar Gold Corp. provides the following exploration update foRead full newsRead More
Gold79 Mines (TSXV:AUU) has launched its campaign on the Investing News Network's resource channel.Read full newsRead More
VanGold Mining Corp (theRead full newsRead More
As the price of physical gold continues to scale fresh high with each passing day, shares of Kinross Gold (TSX:K)(NYSE:KGC) have more than tripled from its 52-week low of $4. The fear of recession continues to drive demand for the shiny yellow metal, in turn, pushing the shares of gold mining companies higher.Higher jobless claims, rising coronavirus cases, and weak economic data suggest that the...Read More
Last week was a packed one for companies reporting their Q2 earnings. And the main takeaway was that 2020’s second quarter was extremely lean in terms of both consumer and industrial demand. With more pain on the way, investors are seeking stocks that beat the market.Thankfully, some names have massively outperformed the TSX in the last 12 months. The best names range across such areas as go...Read More
The US stock-market action last quarter was dumbfounding. Big US stocks rocketed higher despite this global pandemic ravaging the US economy, which collapsed by a third in annualized terms! That makes understanding their fundamentals more important than ever. The winding-down Q2'20 earnings season reveals whether those massive stock-price gains were actually justified by underlying corporate...Read More
The Golden Highway project, 110 km east of Timmins, Ontario. (Credit: Moneta Porcupine) The most recent five drill holes (and one re-drill hole) reported from Moneta Porcupine's Golden Highway project, 110 km east of Timmins, extend the mineralization at the 55 deposit by up to 250 metres west and 150 metres east of the current resource boundaries.Drill highlights include 9 metres of 2.2 g/t go...Read More
The Santander mine is located approximately 215 km northeast of Lima. (Image courtesy of Trevali Mining.) Trevali (TSX: TV) is accelerating its business improvement program targeting the overall reduction in all-in sustaining costs (AISC) to $0.90/lb by 2021, a year earlier than originally planned. Of the original target of $50 million in annualized sustainable efficiencies, the program is fo...Read More
Over the past decade, the development of the Pebble mine has come under intense scrutiny in Alaska due to its potential environmental impact. (Credit: Wikimedia Commons/AlaskaTrekker) Northern Dynasty Minerals' (TSX: NDM) US-based subsidiary Pebble Limited Partnership is welcoming a pending White House review of its controversial copper-gold project and the Final Environmental Impact Statement (E...Read More
Stock image. Management appointments announced this week include:Carmen Amezquita has been named CFO of Amerigo Resources.Barrick Gold has announced appointments to its exploration team: Aoife McGrath has been named VP of exploration for Africa and Middle East and Leandro Sastre is now VP of exploration for Latin America and Asia Pacific.Anthony Paterson has been appointed CEO and preside...Read More
MINING.COM MINUTE is a roundup of the biggest stories from the global mining and metals industry.This week's top stories:- Glencore posts $2.6 billion loss, scraps dividend - Read more- Gold price breaks new record - Read more- Barrick, Skeena reach final deal on Eskay Creek project - Read more- Peabody biggest loss follows writedown of top US coal mine - Read moreClick here for last week's rou...Read More
The US stock-market action last quarter was dumbfounding. Big US stocks rocketed higher despite this global pandemic ravaging the US economy, which collapsed by a third in annualized terms! That makes understanding their fundamentals more important than ever. The winding-down Q2'20 earnings season reveals whether those massive stock-price gains were actually justified by underlying corporate...Read More
Aug 07, 2020 Guest(s): Eira Thomas CEO, Lucara Diamond COVID-19 was particularly disruptive to diamond miners, noted CEO of Lucara Diamond (TSE:LUC), Eira Thomas, who spoke to Kitco on Thursday.The diamond supply chain has a lot of physical touchpoints, such as auctions and physical retail stores."Like a lot of luxury products, there was real limitations on moving diamonds around the world. Peop...Read More
The Midwest aluminium premium soared by 5 cents on Friday August 7, logging its largest increase since Fastmarkets began assessing this premium in January 2003, with traders boosting offers on replacement cost considerations after the US reintroduced Section 232 tariffs on Canadian aluminium.Fastmarkets assessed the aluminium P1020A premium, ddp Midwest US at 16-17 cents per lb on August 7, up by...Read More
The three-month copper price on the London Metal Exchange was the laggard at the close of trading on Friday August 7, with news of planned restarts at several of Chilean producer Codelco's operating facilities suppressing buying momentum.Meanwhile, lead futures declined by more than 2% but stayed above nearby support levels into the close.Copper's outright price on the LME closed at $6,308 per ton...Read More
The return of Section 232 tariffs on imports of Canadian aluminium has made European market participants nervous of excess stock arriving from Canada, which could pressure premiums, Fastmarkets heard on Friday August 7.United States President Donald Trump announced on Thursday August 6 that the US will reintroduce Section 232 tariffs on imports of non-alloyed unwrought aluminium from Canada - set...Read More
Bob Moriarty ArchivesAug 7, 2020Anaconda has started to get some appreciation from the market after being ignored for the past few years as their shares were on the bargain bin table. They keep on announcing results that would double the shares overnight with any other producer. They need to get production over 100,000 ounces a year to get some respect and they are getting closer.Meanwhile their p...Read More