Import prices for containerized ferrous scrap in Taiwan started a recovery in the middle of this week amid increased demand, breaking an almost three-week downward streak.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $230-235 per tonne on Thursday July 9, up by $2-5 per tonne from $228-230 per tonne from...Read More
Export prices for Japanese steel scrap are showing clear signs of increasing again amid low supply following weeks of declines, market sources told Fastmarkets.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan was ?22,500-23,000 ($209-214) per tonne on Wednesday July 8, down by ?500 per tonne week on week.Buying activity has been muted in recent weeks, with market par...Read More
Antofagasta's (LSE: ANTO) Twin Metals Minnesota has received formal notice that its planned copper-nickel-cobalt-platinum metals mine will be assessed through a federal environmental review. The U.S. government's Bureau of Land Management (BLM) notified the company at the end of June of its intention to scope and prepare an Environmental Impact Statement (EIS) for the proposed mine project in Minn...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Driving more value from your capital projects post COVIDSPONSOREDproudfootIronRidge shows its mettleSPONSOREDironridge resources Matador Mining has a gold project in Newfoundland which directors valued at A$194 million in a scoping study comp...Read More
Despite the Federal Government's efforts to diversify the economy, earn more foreign exchange and create jobs, reports of illegal goldRead full newsRead More
CEO Darin Labrenz:Read full newsRead More
Exclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.Read full newsRead More
Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More
MacDonald Mines Exploration Ltd. announces a non-brokered privateRead full newsRead More
GOLDEN RIDGE RESOURCES LTD. is announces it has increased its preRead full newsRead More
QMX Gold Corporation is pleased to release further assay resultsRead full newsRead More
Gold markets continue their bullish run with a major push higher during the trading session on Wednesday. Gold price surged all the way towards the $1825 level rather early in the session, showing a clear break out of the massive barrier underneath. Analysts have spent months predicting if and when the $1800 level would be reached, but now that the price of gold has cleared it, it is likely...Read More
Almost all TSX stocks have shown a sharp recovery from their record lows in March. Canadian broader markets have soared around 40% in the last three months, marking one of the epic recoveries of all time.However, there are some stocks that are still trading way below their fair values and could be readying for a solid upside. So, if you have some cash, consider these TSX stocks with attractive gro...Read More
Kirkland Lake Gold (TSX:KL)(NYSE:KL) is an incredible gold stock. Since mid-2015, shares have exploded higher by 3,164%. That’s 30 times your money in just five years.This January, I’d named Kirkland my favourite gold investment of 2020. Year to date, shares are roughly flat. That’s an incredible outcome considering we just experienced one of the most disruptive economic shocks i...Read More
The ????pler mine in eastern Turkey. Image by Alacer Gold. SSR Mining (TSX: SSRM) and Alacer Gold (TSX: ASR)(ASX: AQG) announced Friday the receipt of shareholder approvals for the previously announced at-market merger. In May, Vancouver-based SSR Mining agreed to a deal to acquire its Canadian counterpart in an all-stock, zero-premium deal valued at C$2.4 billion ($1.7 billion).The business co...Read More
Image by Esa Niemel?? from Pixabay. ESG investing has grown roots; communities are more regularly finding their voices; governments want greater assurances around responsible practices; and employees want to work for companies that live up to these higher standards.This remains a frontier for miners. The fourth industrial revolution has, however, provided new tools to aid this transition toward b...Read More
Yellowknife Women's Society's covid-19 isolation shelter. Image from Rio Tinto. Rio Tinto is partnering with the Yellowknife Women's Society in Canada's Northwest Territories to support their covid-19 isolation shelter with a C$150,000 contribution, the company announced this week. As part of Rio Tinto's worldwide community investment in covid-19 relief initiatives, this funding will provide accom...Read More
Olympias tailings area in rehabilitation. (Image courtesy of Eldorado Gold) Eldorado Gold (TSX:ELD)(NYSE:EGO) announced on Friday a Q2 2020 preliminary production of 137,782 ounces of gold, a 50% increase over Q2 2019. Gold production at Kisladag mine in western Turkey increased by 130% over Q2 2019, and 19% over Q1 2020. Increased production was due to higher grade and tonnes of stacked ore an...Read More
Drill core. Image by QMX Gold. Infill drilling at QMX Gold's Bonnefond deposit in Quebec has intersected near-surface, high-grade gold. The company has released six drillhole assays from the eastern half of this deposit, which targeted shear zones around a deeper intrusive unit.The drill highlights include 4 metres of 6.02 g/t gold starting at 131 metres and 4.5 metres of 21.29 g/t gold startin...Read More
The US primary foundry alloy premium inched up on Friday July 10 even as spot activity remained muted, supported by improving sentiment as automotive supply chains in the US normalize. Premiums in Europe were unchanged.US premium rises, but market quietFastmarkets assessed the aluminium wheel alloy silicon 7 ingot/T-bar premium, dlvd dup over P1020A Midwest US at 6-9 cents per lb on July 10, up fr...Read More