Increased choppiness in the base metals in recent days suggests the bullish and bearish camps are getting more balanced and a new fight for supremacy is unfolding. This morning, Wednesday August 12, the bears have the upper hand, with base metals prices down on the London Metal Exchange and Shanghai Futures Exchange - both complexes were down by an average of 1.4% as at 6.20am London timeWider mar...Read More
A summary of Swiss stainless steelmaker Schmolz + Bickenbach's financial results for the second quarter of 2020, April to June.In brief Second-quarter earnings were strongly affected by the Covid-19 crisis. Effects of pandemic felt first and primarily from the widespread shutdown of automotive manufacturers. A secondary negative trend materialized in the mechanical and plant engineering industry f...Read More
Nickel Carry – BUY Nickel at CMP 888 Add more near price 880 with SL 872.40 for Target 899 – 909 – 918 Read More
Horizonte Minerals (TSX: HZM) announced that it is arranging a senior secured project finance facility of up to US$325 million to fund the construction and development of its flagship Araguaia nickel project in Para state in Brazil.A syndicate of five international financial institutions, including BNP Paribas, ING Capital LLC, Mizuho Bank, Natixis, and Soci?(C)t?(C) G?(C)n?(C)rale, will act as th...Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyLithium no quiet place for AVZSPONSOREDavz mineralsScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25That might sound like a tricky concept to grasp but what it comes down to is that value of the shares one man owns in Fortescue curr...Read More
Wesdome Gold Mines' (TSX: WDO) Eagle River complex in Ontario churned out 25,142 oz. gold in the second quarter at all-in sustaining costs (AISCs) of US$879 per ounce.According to the company, based on 50,264 oz. generated from the asset in the first half of the year, Wesdome is well-positioned to meet its 2020 production guidance of 90,000-100,000 oz. gold at all-in sustaining costs of US$985-$1...Read More
U.S. Gold (NASDAQ: USAU) is adding a new exploration project to its portfolio through its acquisition of Northern Panther Resource Corporation, which holds the Challis gold project in Idaho.U.S. Gold is currently focused on developing the advanced-stage Copper King project in Wyoming and the Keystone project located in the Cortez Gold Trend of Nevada.Under the terms of the merger agreement, U.S....Read More
Copper smelter Dongying Fangyuan is planning to restart its phase 2 smelting production line in October, Fastmarkets has learned. The phase 2 operation line has capacity to process 300,000 tonnes per year of copper cathodes using copper concentrates. "The company will start to run phase 2 because the phase 1 production line has to undergo maintenance in October for one month after operating for tw...Read More
Canadian miner Hudbay Minerals (TSX: HBM, NYSE: HBM) posted a US$51.9 million loss in the second quarter, as an eight-week suspension of its Constancia copper mine in Peru weighed on results.The Toronto-based company revised down its production targets for its Peruvian operations to 65,000-75,000 tonnes of copper and 25,000-35,000 ounces of precious metals. Hudbay had earlier forecast 80,000-95,0...Read More
The location of the Mauritian oil spill means the environmental consequences of the incident could be wide-rangingRead full newsRead More
Iraq has cut the official selling price (OSP) of its Basra Light crude for September cargoes to Asia, the United States and EuropeRead full newsRead More
The coronavirus pandemic will have an even bigger impact on the global economy and its demand for oil than previously expected, OPEC said.Read full newsRead More
Another 16 U.S. energy firms filed for protection from creditors last month, reflecting crude oil prices below levels that are profitable for many companies, according to a report by law firm Haynes and Boone on Tuesday.Read full newsRead More
Gold is getting a lot of attention from pension funds, insurance companies and private wealth specialists.Read full newsRead More
Miner Barrick Gold beat quarterly profit estimates and hiked its dividend on Mondayd, but warned that a prolonged shutdown could jeopardize the long-term viability of its Porgera gold mine in Papua New Guinea.Read full newsRead More
NV Gold Corp. Exodus Gold Project SiteRead full newsRead More
NV Gold Corporation is a Canadian junior exploration company trading on the TSX Venture Exchange under the symbol NVX (TSX.V - NVX).Read full newsRead More
July 16, 2020 (Source) - Granada Gold Mine (TSX.V: GGM) ("Granada Gold" or the "Company") is pleased to report that it ...Read full newsRead More
Company to Advance Exploration on Newly Optioned Property from Abitibi Royalties Targeted to Begin in Late SeptemberRead full newsRead More
Golden Ridge Resources Ltd. is pleased to announce inaugural explRead full newsRead More