Calibre Mining's El Limon ball mill in Nicaragua. Credit: Calibre Mining. After completing the acquisition of the El Limon and La Libertad mines in Nicaragua from B2Gold last year, Calibre Mining has reported its first quarterly results as a gold producer.The company reported fourth-quarter production of 33,506 oz. gold at all-in sustaining costs of $959 per oz. Calibre posted a net income of $3....Read More
Kiena mine. Credit: Wesdome. Drilling at Wesdome's (TSX:WDO) Kiena gold complex in Val D'Or, Quebec, has extended the high-grade Kiena Deep A zone downdip and confirmed the limits of existing mineralization.Drill highlights from stepout work, which extended the A zone by 100 metres downplunge to a total of 830 metres, include 10 metres of 114.8 g/t gold and 17.2 metres of 25.3 g/t gold.Highlights...Read More
Just last week, I told you."Let's not also forget that it wasn't that long ago that Elon Musk was smoking weed on a podcast, looking absolutely off his rocker, and being investigated by the SEC," I wrote.Well, if it wasn't clear then, it is now.Despite its recent surge, Tesla is the same old Tesla and Elon Musk is the same old Elon Musk.Yes, just two short week's ago, Musk assured investors that h...Read More
Winter drilling at Colomac, NWT. Image from Nighthawk Gold. Nighthawk Gold (TSE: NHK) released results from recent drilling at the Goldcrest sill, part of its Indin Lake property in the Northwest Territories that also hosts its flagship Colomac Main project.The company drilled seven holes totalling 2,190 metres to follow up on areas identified during its three previous drill campaigns and to targ...Read More
Qube Bulk cargo. Credit: RCT. RCT, an autonomous solutions provider, has finalized a material handling project with Qube Bulk, a port logistics and infrastructure specialist, at the Whyalla Port in South Australia.In 2019, RCT installed and commissioned its ControlMaster line of sight automation solution as well as a single camera tele-remote solution onto a Liebherr R920 Excavator. Qube Bulk app...Read More
The 172.6-carat D-colour, Type IIa diamond discovered at Lucapa Diamond's Lulo mine in 2016. Image courtesy of Lucapa Diamond Company. Lucapa Diamond (ASX:LOM) and its partners Endiama and Rosas & Petalas reported on Wednesday positive results from the search for the hard-rock kimberlite source of the alluvial diamonds at the Lulo diamond field in Angola.According to the company, the first strea...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 19 that are worth another look.Chinese wire rod producers are keeping export offers stable on expectations of improved demand in April, market sources told Fastmarkets, which kept prices flat in the past week amid sparse trading.Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama...Read More
The broad availability of zinc warrants across Europe meant that physical premiums in the region were stable in the week to Tuesday February 18, while a similar abundance of Middle Eastern supply kept Indian lead premiums flat.Meanwhile, premiums in both the United States and China were steady over the week, with static demand limiting any changes in the latter, while the bulk of the US market was...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 19. Please click...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 19 that are worth another look.Chinese wire rod producers are keeping export offers stable on expectations of improved demand in April, market sources told Fastmarkets, which kept prices flat in the past week amid sparse trading.Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday February 19.Key drivers The price range for ferro-titanium has not changed over the week to February 19, steady for two weeks despite low-key trading. No deals were reported in either alloys or titanium scrap. The markets were probably static due to the expected settlement of tenders issued by consumers for feedstock on a longer ter...Read More
Chinese importers could be able to buy United States' copper and aluminium scrap without the current 25% tariffs from July, China's Ministry of Finance Customs Department said in a notice on Tuesday February 18.Copper and aluminium scrap are among 696 products listed by the ministry that can have tariffs exempted. Importers can apply for exemptions starting from March 2, 2020.As part of a tit-for-...Read More
Rio had moved to acquire a majority stake in Star's Fort à la Corne project, dubbed Project FalCon, in November - years ahead of schedule.Read More
Orica's share price (ORI) edged down marginally this morning on the news of its planned acquisition of Grupo Breca's 83.5% stake in Exsa, which is listed on the Lima Stock Exchange and had a market capitalisation after a circa-30% jump in its share price yesterday of about US$50 million.It plans to bid for Exsa minorities (16.5% balance of the company) via tender offers "in accordance with Peruvia...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report assays from the first drill hole of the winter program at the Hurricane zone. Discovered in 2018, Hurricane is a zone of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan (Figure 1).Highlights:Drill hole LE20-30 in...Read More
The rate of new infections in China of the Covid-19 virus seems to have stabilised, just as the death toll climbed above 2,000 and 75,193 confirmed cases of coronavirus are being monitored across the globe. However, the ripple effects the pandemic have wreaked on global supply chains are only now being felt, and questions linger on how long the impact on commodities such as zinc, lead, copper and...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 19 that are worth another look.Chinese wire rod producers are keeping export offers stable on expectations of improved demand in April, market sources told Fastmarkets, which kept prices flat in the past week amid sparse trading.Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama...Read More
Key data from the Wednesday February 19 pricing session in London.Key drivers The price for manganese flake in Europe fell for the first time this year after Chinese producers gradually returned to the global market.Several market participants booked material from China on a cif basis for late March/early April delivery at $1,800-1,950 per tonne. And with most market participa...Read More
Keith Weiner, Monetary MetalsThe price of gold rose $14 and the price of silver fell $0.07. The gold-silver ratio rose further with this price action.Welcome to our new Gold and Silver Market Report, or "Market Report" for short. We are separating this from the economics essay, which was attached for many years. As they used to say in many toy commercials of yore, "batteries sold separately" or...Read More
- RambusOver the last few weeks or so I've been writing a lot on the critical inflection point the PM complex was showing us. Today's price action is an important step in confirming the potential bullish outcome. There is still more work to be done from a longer term perspective but its one step at a time until total confirmation is attained.Lets start with the daily line combo chart we've bee...Read More