A summary of the financial results for Indian steelmaker Jindal Stainless up to December 31, 2020, representing the third quarter and first nine months of its 2020-21 business year.In brief Shipping costs for imported raw materials increased by 30-35% in July-December 2020 compared with the first-half of 2020. In October-December 2020, Jindal Stainless' share of domestic sales grew to 85% up...Read More
Canaccord Genuity mining analyst Dalton Baretto has raised his copper price forecast for the first quarter from US$3.50 per lb. to US$3.75 per lb."Given the average quarter to date price of $3.61 per lb., this implies that the price will need to average $3.89 per lb. over the rest of the quarter," he wrote in a Feb. 10 research note to clients, adding that his price forecast for the second quarter...Read More
Toronto-based gold major Kinross Gold (TSX: K; NYSE: KGC) has released its fourth-quarter and year-end 2020 financial results. Production of 2.4 million gold-equivalent oz. for the year (624,032 oz. in the fourth quarter) at all-in sustaining costs of US$987 per oz. (US$1,013 per oz. in the last quarter) was in line with prior guidance for 2.4 million oz. at AISC of US$970 per ounce.Free cash flow...Read More
Kutcho Copper (TSXV: KC; US-OTC: KCCFF) has released an updated resource for its Kutcho copper-zinc project in northwestern B.C. The latest resource features an 8% increase in measured and indicated tonnes and a 24% growth in inferred tonnes when compared with the prior resource statement from 2019. The junior is using the latest figures in a feasibility study that is underway, and expected to be...Read More
As it works toward a resource update at the Red Chris mine, Newcrest Mining (TSX: NCM, ASX: NCM) has begun construction of the box cut for a new exploration decline at the copper-gold project, 80 km south of Dease Lake, B.C.The company has approved $135 million in spending to fund the decline, after receiving regulatory approval for the box cut. Work on the decline and associated infrastructure wi...Read More
The rise in electric vehicle (EV) market share in the car industry may be accelerating as witnessed in the wave of announcements from Volvo, Volkswagen, General Motors, Ford, Nissan, Toyota, Honda, and a host of Chinese auto makers.But there always has been, and always will be, a tremendous mountain of marketing hype by auto makers and others about the march to EVs and fuel cells.When I wrote Worl...Read More
At a time of rapidly growing lithium demand backed by an increasing focus on electric vehicles, energy storage and renewable energy generation, American Lithium (TSXV: LI; US-OTC: LIACF) has entered a definitive agreement to acquire Plateau Energy Metals Inc. (TSXV: PLU; US-OTC: PLUUF) to consolidate two "significant and strategic" undeveloped lithium assets in the Americas.The acquisition would...Read More
The Volkswagen Group is developing an air taxi that will allow passengers to skip land-based gridlock and avoid public transport amid the ongoing Covid-19 pandemic."We're developing a drone that's ready to be licensed. That opens the possibility for us to participate in the future market of individual mobility that takes place in the air and not down on the streets," Volkswagen Group China chief e...Read More
The board of Battle North Gold (TSX: BNAU) has approved construction of the Bateman gold project in Red Lake. After starting work on critical path construction items in November, the company expects to start processing ore by year-end and achieve commercial production by the end of 2022.Battle North expects to spend $59.1 million this year on initial capital development - this includes underground...Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesEnvironmental and social governance (ESG) is critical to the success of miningSPONSOREDonyen corporationLast week's ‘From the Capital' column highlighted a handful of companies with suffi...Read More
Canada's main stock index registered a gain on Tuesday, as gold miners liquidated their positions in bullion as investors await signs of progress on a new U.S. stimulus bill. While gold appears to be forming a base and analysts expect that it rebounds from here, 2021 is expected to continue to be a strong year for the precious metal. Gold stocks and mining stocks of junior gold miners tend to out...Read More
India's gold imports in January surged 72% from a year earlier, a government source said on Wednesday, as a correction in prices from a record high drew retail buyers and jewellers.Read full newsRead More
The Company announces a bought deal private placement of Units with Canaccord Genuity for aggregate gross proceeds of C$3,500,200.Read full newsRead More
FSD Pharma Inc. (Nasdaq:HUGE) (CSE:HUGE) (Read full newsRead More
An 11% increase in gold prices can translate into 30% more cash for gold producers, says VanEck investment management.Read full newsRead More
The Roraima state bill legalizing garimpo prospecting, if signed into law by the governor, could put the Yanomami reserve and other Indigenous territories at greater risk of invasion and COVID-19 infection.Read full newsRead More
An 11% increase in gold prices can translate into 30% more cash for gold producers, says VanEck investment management.Read full newsRead More
Portfolio managers see promise in small firms despite their lack of profitability and heightened riskRead full newsRead More
Renforth Resources Inc. is pleased to announce that it will be prRead full newsRead More
Goldcore Resources Ltd is pleased to announce that it has engagedRead full newsRead More