Deep-South Resources Inc. announces that it extends the closing of the second tranche of its Private Placement by a maximum of two weeks.Read full newsRead More

"Golden Ridge Resources Outlines Additional Soil-Copper Zones with Rock Grab Samples up to 2.91 Percent Copper https://t.co/tSs8oCps3H @goldenridgeres #ResourceNews $GLDN"Read full newsRead More

If you want to make beat the market (we’re talking the S&P 500, not the TSX Index which is trivial to beat!), you’re going to have to adopt a contrarian mindset. You’ve probably heard this Warren Buffett quote ad nauseam, but I’m going to drive it home it again because it’s one of the most straightforward tips to forget when you’re caught up in the heat of t...Read More

Steel industry future so bright I gotta wear shades. Image:junrong / Shutterstock.com Benchmark iron ore prices climbed on Friday after economic data showed the country's steelmakers produced just shy of 1 billion tonnes in 2019, the second record-breaking year in a row.The Chinese import price of 62% Fe content ore advanced to $97.58 per dry metric tonne, according to Fastmarkets MB, a 6-month h...Read More

Eagle Mountain gold project in Guyana - Image courtesy of Goldsource Mines Goldsource Mines (TSXV: GXS) on Friday provided a summary of its highlights and accomplishments over the past year and presented an outlook for 2020.In 2019, the company made a new discovery at the Salbora deposit, which was considered the highest-grade (weighted average of 2.58 g/t) near-surface gold mineralization on the...Read More

If you ask anyone what the future of cars looks like, they're bound to point to Tesla.Elon Musk may be a genius, but it isn't his business skills that draw that distinction.It's his ability to raise and retain capital and build hype around his products.Unfortunately for him, there simply are no ways to gloss over the fundamental problems that fully-electric cars present.Sure, Tesla's cars work gre...Read More

Wingdam gold project, British Columbia. Image from Omineca. Omineca Mining and Metals (TSX-V: OMM) announced Friday that it has staked an additional 36,000 hectares of mineral claims at Wingdam, British Columbia. Omineca now holds 100% ownership of over 39,000 contiguous hectares at its Wingdam project, in addition to the placer claims comprising the Wingdam underground alluvial gold r...Read More

A haul road under development at the Santana gold project. Image from Minera Alamos. Minera Alamos (TSXV: MAI) has started construction of its Santana open-pit heap leach mine in Sonora state and expects to transition from a developer to gold producer this year.Between now and then it plans to complete a maiden resource for the project."The Santana gold project does not have a completed feasibil...Read More

Tailings dams are the most common waste disposal methods for mining companies, whether they're extracting iron ore, gold or copper.However, a third of the world's tailings dams are at high risk of causing catastrophic damage to nearby communities if they crumble, according to data compiled by Reuters.A year ago, more than 240 people died in Brazil when a Vale-owned tailings dam collapsed, leading...Read More

Aluminium billet premiums in Brazil and Japan ticked down on Friday January 17 due to weak demand, while premiums in Europe and the United States were steady on unchanged fundamentals.Brazilian premium falls, but sentiment optimistic Japanese premium declines on slow demand European premiums flat in quiet conditions US premium stable at all-time low BrazilThe premium in Brazil was dampened by slug...Read More

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Friday January 17, with price action settling comfortably above the $2,400-per-tonne support level despite moderately low turnover across the complex, while a steady incline in LME tin saw prices breach nearby resistance. Zinc's outright price on the LME settled at $2,429.50 per tonne on Friday afternoon,...Read More

Liquidity was high for alumina on an fob Australia basis during the week ending January 17, but prices failed to find any long-term support above $275 per tonne.Fastmarkets calculated the benchmark daily alumina index, fob Australia, at $275.18 per tonne on Friday January 17, down only slightly from $275.93 per tonne on Thursday. The index has traded between $275 and $278 per tonne since December...Read More

Gemfields' main producing assets are the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique. The company has a controlling interest in other mining and prospecting licences in Ethiopia and Madagascar.The company said its reason for listing was to get access to greater liquidity and international investors."The AIM listing will provide Gemfields with access to much greater marke...Read More

The mine produced just under 13 million carats in 2019, down 8%, with lower grades partially offset by an increase in mining and processing rates.Rio Tinto has dropped global diamond guidance for 2020 to 12-14Mct from 17Mct produced last year.It said Argyle would close in the fourth quarter of this year.The date was the best-case scenario for the depleting mine, with Rio previously flagging this y...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday January 17.China The seaborne price of low-grade manganese ore rose due to deals achieved at a higher price for March-delivery cargoes on Friday. The seaborne price of high-grade manganese ore was stable amid a lack of activity among producers and sellers. China's domestic portside manganese ore pric...Read More

Adam HamiltonArchivesJan 17, 2020 The gold miners' stocks are wavering, frustrating traders. For the better part of a half-year, this sector has neither broken out nor broken down. Instead it has mostly ground sideways since the last upleg's peak. Gold stocks being mired in a consolidation so long, even a relatively-high one, is steadily eroding bullish sentiment. That ups the odds it will roll ov...Read More

Liquidity was high for alumina on an fob Australia basis during the week ending January 17, but prices failed to find any long-term support above $275 per tonne.Fastmarkets calculated the benchmark daily alumina index, fob Australia, at $275.18 per tonne on Friday January 17, down only slightly from $275.93 per tonne on Thursday. The index has traded between $275 and $278 per tonne since December...Read More

Fastmarkets copper concentrates treatment and refining charges (TC/RCs) continued to increase this week, with smelters and traders now largely squared for the first quarter. The index on a cif Asia Pacific basis stood at $56.2 per tonne/5.62 cents per lb, up slightly from $56.1/5.61 cents a week ago. Traders are looking to pick up mined tonnages at or around $50 per tonne/5 cents pe...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 376,80957,574137,119221,358571,177735,286765,870 Change from Prior Reporting Period -6,671-3,615-2,24418,90612,6449,9916,785 Traders 22466835759312181 Small Speculators LongShortOpen Interest 61,59731,013796,883 1,0354,24111,026 non reportable positionsCh...Read More

Cobalt prices consolidated at higher levels in the second half of the week ended Friday January 17, with traders continuing to restock and consumers looking for inventory top-ups.The price for cobalt, standard grade, in-whs Rotterdam, rose by 1.55% to $16.00-16.70 per lb on Friday, up from $15.70-16.50 per lb midweek, when it was unchanged from the end of last week.Fastmarkets' corresponding price...Read More