Plant site at Juanicipio. Image from MAG Silver. MAG Silver (TSX: MAG) announced on Monday it has arranged a non-brokered private placement with mining investor Eric Sprott, offering approximately 4.53 million common shares of the company at a price of C$13.25 ($9) per share for gross proceeds of C$60 million ($42m).Shares of MAG skyrocketed more than 17% during Monday's morning session to a six-...Read More

On February 17, an American P8-A Poseidon flew out of Okinawa on a routine mission to patrol international waters roughly 380 miles west of Guam.On that patrol, the aircraft encountered a Chinese destroyer, the Hohhot. And as it did, it was struck by a military-grade laser that temporarily blinded the pilot. It was an aggressive, reckless, and dangerous assault...But hardly the first of its kind....Read More

"Are you putting money into oil right now?"That was the question that came through my friend group text yesterday. "Ain't nobody driving or flying yet," I replied. But what I should have said was: What time frame are we talking about?If you want to trade oil intraday or for a one-day bounce after that historic sell-off it just had - be my guest. That's not really what I do. And of course, you c...Read More

Porgera gold mine. (Image courtesy of Barrick Gold.) Zijin Mining, China's no.1 gold producer and second largest copper miner, has revised down its gold production guidance for 2020 after Papua New Guinea (PNG) refused to extend the mining lease for the Porgera mine it operates with Barrick Gold (TSX: ABX) (NYSE: GOLD). Zijin had forecast gold productionfor the year of 44 tonnes, rising to 42-47...Read More

(Image courtesy of the Minerals Council of Australia). The Australian Competition and Consumer Commission has given interim authorization to the Minerals Council of Australia, the Australian Aluminium Council and state resources bodies to jointly source safety equipment and spare parts for the operation of machinery and mining equipment.According to the Minerals Council, the decision implies that...Read More

Electric car. (Image by stux, Pixabay). Nano One Materials (TSX-V: NNO) announced that its high-performance lithium-ion battery cathode materials, which are produced at a low cost using proprietary technology, tested positively in solid-state batteries for electric vehicles.The largest single challenge for those working on solid-state batteries is being able to design a stable and commercially vi...Read More

There's an old saying with stocks and the stock market and that saying is that "A rising tide lifts all boats." What it means is that even though the stock you own doesn't hit it big, as long as it's in the same sector as the big name stocks and as they rise in value, the smaller unknown stocks tend to rise along also. Now this a just a theory but when the marijjuanna boom was on, anything that ha...Read More

Here are five Fastmarkets stories you might have missed on Monday April 27 that are worth another look.The Covid-19 pandemic has resulted in a shortage of ferrous scrap in many key supply locations, provoking a 21% rise in international scrap prices in just 12 days from April 3 to April 15. But despite this, domestic prices in many areas were settled lower in April's monthly negotiations.The Itali...Read More

First Quantum has cut its 2020 copper production guidance by 75,000 tonnes to 755,000-805,000 tonnes as a result of a reduction in production expectations at Cobre Panama due to the Covid-19 pandemic.This guidance range is dependent upon the Toronto, Canada-listed company receiving approval from Ministry of Health of the Republic of Panama (MINSA) to commence the restart of operations before or by...Read More

Bob Moriarty ArchivesApr 27, 2020Every crisis needs a good name to be memorable. The events of September 11th, 2001 were a natural to be 911. But what do we call our current crisis to really reflect reality and be memorable at the same moment?It began as the Corona Virus. But should that be Corona Virus with a space or better put as Coronavirus? There seemed to be no consensus so the media and pub...Read More

Peruvian copper mine Antamina is still uncertain when it will be able to resume operations following a workforce demobilization due to the Covid-19 pandemic, the company said on Monday April 27.The mine underwent a stoppage on April 13, under which most workers still on-site were removed. Up to that date, around 2,700 people were still working at Antamina - an already reduced figure from the 6,000...Read More

Jack ChanPosted Apr 27, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation continues to drop despite higher prices.Speculation is dropping despite recovering prices.Our ratio remains on b...Read More

Most commodity prices rose yesterday on the London Metal Exchange, where copper gained more than 1%.The global number of COVID-19 cases has risen above 3 million, according to Johns Hopkins University, while the World Health Organisation put the figure yesterday about 2.88 million and noted Spain had changed its reporting criteria which meant a decrease of 12,130 cases.The S&P 500 had closed u...Read More

First Quantum has cut its 2020 copper production guidance by 75,000 tonnes to 755,000-805,000 tonnes as a result of a reduction in production expectations at Cobre Panama due to the Covid-19 pandemic.This guidance range is dependent upon the Toronto, Canada-listed company receiving approval from Ministry of Health of the Republic of Panama (MINSA) to commence the restart of operations before or by...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF |FRA:WK3D) (the "Company" or "Siyata") is pleased to announce the launch of the 4G/LTE UR5 rugged device for the first responder and enterprise mobile workforce. The UR5 is "Rugged and Ready" to handle the most vigorous work environments encountered by enterprise workers and first responders on the front line of defense.The UR5 i...Read More

The company previously set full-year mining services EBITDA guidance at $280-300 million.Read More

Brazilian base metals producer Nexa Resources will prepare to resume normal operations during the latest extension of Peru's quarantine measures to prevent the spread of Covid-19, the company said on Monday April 27.Metal concentrate production at the Atacocha, Cerro Lindo and El Porvenir mines will remain halted, while the Cajamarquilla zinc-copper smelter will continue to run at lower capacity u...Read More

Treatment charges (TCs) for spot zinc concentrates nosedived in April amid prolonged shutdowns in major producing nations of Peru, Bolivia, Mexico and South Africa, leaving smelters scrambling for material. Fastmarkets assessed the zinc concentrate TC, cif China at $180-195 per tonne on Friday April 24, a steep 28.6% fall from $255-270 per tonne the previous month. The low end of the range ha...Read More

No one anticipated negative crude oil even in the wildest of the dreams. A whooping negative -$40.32 was historic. The coming generations will have a chapter in their MBA course as to why crude oil prices reached -$40.32. The trading lesson is simple, when price move as per fundamentals, never trade against it. Silver has not risen as it is an industrial metal. Investment demand for silver lags...Read More

Here are five Fastmarkets stories you might have missed on Monday April 27 that are worth another look.The Covid-19 pandemic has resulted in a shortage of ferrous scrap in many key supply locations, provoking a 21% rise in international scrap prices in just 12 days from April 3 to April 15. But despite this, domestic prices in many areas were settled lower in April's monthly negotiations.The Itali...Read More