Source: GoGold GoGold Resources has announced an upsized bought deal of C$25 million, from C$15 million previously, co-led by Sprott Capital Partners and PI Financial. The offering is for 35.7 million units, each composed of one common share and one-half of a warrant.Proceeds are intended for exploration at the Los Ricos project in Jalisco state as well as for corporate purposes. Closing is expec...Read More
Frontier Lithium's PAK project in northwestern Ontario. Credit: Frontier Lithium Fourteen months after its discovery, Frontier Lithium has released a maiden resource for its Spark deposit, part of its PAK lithium project in northwestern Ontario.The pegmatite deposit contains 3.3 million indicated tonnes grading 1.59% Li2O and 12.2 million inferred tonnes grading 1.36% Li2O. The estimate used a cu...Read More
Whether you think about it or not, the trucking industry is one of the most important things in your life.It brought you the food you ate for dinner.It brought you the clothes you're wearing.It even brought you the device you're reading this on now.This $700 billion industry employs over 7 million people in this country, or nearly 6% of all full-time workers.In many ways, it's the lifeblood of the...Read More
A drill site at Ascot Resources' Premier project. Credit: Ascot Resources Ascot Resources has announced a non-brokered private placement of up to 7.8 million common shares and 5.1 million flow-through shares for gross proceeds of C$10 million.The net proceeds of the offering will be used to fund the company's exploration efforts this year, advance permitting and engineering and for economic studi...Read More
Pre-feasibility study results released for South Star Mining's wholly-owned 130-sq.-km Santa Cruz project suggests a two-phase approach for development of the graphite asset in southern Bahia. The associated project net present value estimate, at a 5% discount rate, stands at $81.2 million with a projected 35% internal rate of return."We have now submitted all the required permitting and licensing...Read More
Indigenous people march on the Brazil capital. Photo: Pinterest Brazilian President Jair Bolsonaro unveiled a controversial bill on Wednesday that would allow commercial mining on protected indigenous lands, delivering on a campaign promise that has shocked tribal leaders and environmentalists.The bill to regulate mining including oil and gas projects, as well as hydroelectric dams, on indigenous...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 5.Please click...Read More
The three-month copper price on the London Metal Exchange was higher at the close of trading on Wednesday January 5, breaching nearby resistance at $5,700 per tonne against strong turnover.And a positive close across the base-metals complex saw nickel futures make the greatest gains to settle above $13,000 per tonne.Copper's outright price on the LME closed at $5,722 per tonne on Wednesday afterno...Read More
Bob Moriarty ArchivesFeb 5, 2020Hint: That’s what massive tops look like. Don’t tell anyone else, I want to keep it a secret between you and me.###Bob MoriartyPresident: 321goldArchives321gold LtdRead More
A weak US aluminium market kept market participants away from undertaking arbitrage activities between Southeast Asia and the United States despite plummeting freight rates. Sustained pressure on aluminium premiums in the US was one of the main factors preventing viable aluminium arbitrage opportunities between London Metal Exchange sheds in Southeast Asia to the US Midwest. Fastmarkets assessed t...Read More
The coronavirus outbreak has not yet affected buying demand in China for imported alumina, with material from Western Australia still being shipped to China and fresh deals concluded, market participants told Fastmarkets. A deal was concluded on Tuesday February 4 for 30,000 tonnes of Western Australian alumina at $299.50 per tonne on a cif China basis.The cargo is for March loading and to either...Read More
The precious metals producer said yesterday it had received the US$11.Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM") today announced that it has signed commercial agreements to supply custom designed plant-based packaging with two US food producers who distribute throughout the United States. The Company estimates the agreements will deliver between $1.7 million to $2.0 million (Canadian dollars) in organic growth on an...Read More
Principal analyst Farid Ahmed said this week original equipment (OE) manufacturers in the US and China, which accounted for about 40% of the world's automotive manufacturing capacity, experienced production contractions during 2019, with pressure expected to persist in these key markets.Global OE demand shrank last year, with China down 8% and the US down 14%. Global OE demand is forecast to rever...Read More
Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that the Company has received a $600,000 purchase order for its 4G rugged PoC handset devices.Marc Seelenfreund, CEO of Siyata Mobile, commented, "This is an exciting win for Siyata as it demonstrates the strong continual market demand for our Push-to-Talk over Cellular (PoC) rugged handsets. Our r...Read More
China's copper smelters face limited scope to slash production even as diminished demand on virus-related lockdowns raises concerns refined inventories could grow. Daye Nonferrous, based in Huangshi at the heart of the novel coronavirus outbreak in Hubei province, plans to operate at just a moderately reduced rate of 70-80% of capacity for the first quarter, a company source said. A market source...Read More
By: David HaggithHaving predicted last year that a recession would begin in the summer of 2019 and that it would likely start with a major repo crisis, I am now proven wrong by 2019's fourth-quarter GDP. If the repo crisis that started in the final week of summer had actually been the start of a recession, we would have seen fourth-quarter GDP go negative. Instead, it came in at 2.1% growth.I fi...Read More
Jordan Roy-Byrne CMT, MFTALast week we noted that the risks in precious metals were primarily technical. Sentiment and technicals urge caution over the short-term. The net speculative position in Gold has remained high for months while the 21-day daily sentiment index (DSI) hit 81%. Since the sector peak five months ago, Silver and the gold stocks have corrected in price while Gold has made a...Read More
An overview of the minor metals markets and their latest price moves.Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday February 5.Key drivers The price range for ferro-titanium has narrowed over the past week, with increased trading activity resulting in higher-priced deals in Europe. There was an increase in traded volumes reported, with sources saying higher-priced sales from Europe to Asia had spurred domestic European buying inte...Read More