Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is contesting demands for a royalty of 3% of the billing value of minerals obtained from the concession hosting its San Jose mine in Oaxaca, Mexico.The company recently received a notice from Mexico's Direccion General de Minas (General Directorate of Mines) that its mining concession will be cancelled if US$30 million plus value-added-taxes (VAT) in roya...Read More
Benchmark iron ore prices fell on Jan. 29 as China - responsible for more than 70% of the world's seaborne iron ore trade - struggles to control the deadly coronavirus outbreak.The Chinese import price of 62% Fe content ore dropped more than 7% to $86.84 per dry metric tonne, according to Fastmarkets MB, after trade resumed following the Chinese lunar new year break.The number of confirmed cases j...Read More
Chinese miner MMG has once again halted copper shipments from its Las Bambas operation, one of Peru's largest copper producers, following a road blockade by a local community protesting against alleged ongoing pollution of their lands.The preventive measure, aimed at protecting trucks to and from the mine, has stopped supplies from getting through and suspended the transport of concentrates to por...Read More
In 2019, gold had its best performance since 2010, rising 18.4% in U.S. dollar terms. It also outperformed major global bond and emerging market stock benchmarks over that period. In addition, gold reached record highs in most major currencies except the U.S. dollar and Swiss franc.Gold rose most between early June and early September as uncertainty increased and interest rates fell. But investors...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaSpeaking recently on the CNBC cable business channel, Palmer portrayed Newmont as moving beyond its role as a gold proxy to embrace those he...Read More
Nickel and copper are the bull stand-outs in the latest Reuters poll of base met...Read full newsRead More
FP Dealmakers: One question that remains for 2020, and beyond is what effect the expected consolidation will have on Canada's mining sectorRead full newsRead More
The preventive measure seeks to protect trucks to and from the mine amid fresh protests against alleged pollution.Read full newsRead More
A new report by McKinsey found30 to 50% of production of three top commodities is concentrated in areas where water stress is already high.Read full newsRead More
Post lunar new year trading in iron ore resumes as coronavirus cases surpass 2002 SARS outbreak.Read full newsRead More
Precious metals miner Fresnillo said on Wednesday its annual gold production fel...Read full newsRead More
"Paul & Lawrence from Auramex (TSXv : AUX) present the Georgie River Prospect in the original 1800s gold-rush district of the Golden Triangle in BC, Canada.#Auramex $AUX #SmallCaps #MineralExploration #MomentumStocks #Silver #GoldenTriangle #Goldhttps://t.co/PjQd933Q0X"Read full newsRead More
The central bank said Wednesday that it will keep the target range for the federal funds rate between 1.5 and 1.75 percent. Read full newsRead More
Newrange Gold is pleased to announce that the IP survey at the Company's Pamlico project in the Walker Lane Trend of western Nevada has been completed.Read full newsRead More
Nickel and copper are the bull stand-outs in the latest Reuters poll of base met...Read full newsRead More
The gold sector is finally showing signs of life after a multi-year slide that put most of the gold miners off the radar of Canadian investors.Gold resurgenceThe price of gold currently trades at US$1,590 per ounce compared to its 12-month low around US$1,270. Gold briefly topped US$1,600 earlier this month and could potentially break through that level again and take a run at new six-year highs i...Read More
The last decade has been extremely tough for the world’s largest publicly listed uranium miner Cameco (TSX:CCO)(NYSE:CCJ). The radioactive fuel uranium has been caught in a prolonged slump since the 2011 Fukushima disaster sparked considerable unease around the world regarding the dangers posed by nuclear power. During 2019, the spot price for uranium lost 10% to be trading at US$24.93 per p...Read More
Gold is going for close to US$1,600 per ounce, which is a six-year high. It could be the fear of missing out on a gold rally, as the price of the yellow metal has increased by 19% in the last 12 months.Or it could be something more. With money printing by central banks around the world, one can only guess how much paper money is really worth today and in the future.As concluded in Investopedia&rsq...Read More
Kendra Johnston AME president. Image by AME. AME, the lead association for the mineral exploration and development industry in resource-rich British Columbia (BC), hosted more than 6,000 people from 44 countries at its AME Roundup conference in Vancouver last week. MINING.COM sat down with the AME's new president and CEO, Kendra Johnston, to discuss the industry's economic impact and job creat...Read More
Jan 31, 2020 Guest(s): Keith Neumeyer CEO, First Majestic Governments around the world will continue to print money and keep interest rates either unchanged or lower, which would be bullish for the precious metals, including silver, this according to Keith Neumeyer, CEO of First Majestic Silver. "I've been calling for triple-digit silver for a few years now, and I'm more enthused now but I'm cau...Read More