The Company's objective is to create a successful, value-driven and growth-oriented business to maximise shareholder wealth. The means of achieving this will be to focus its exploration effort on world-class mineralised domains with the aim to discover and develop economic deposits of gold, copper and silver.Read full newsRead More
"Thor Mining (#THR) jumps 10pc as it reveals company update covering Molyhil, Bonya, EnviroCopper, Pilot Mountain, and Pilbara Gold.More to follow - https://t.co/0g5tpr2TV2"Read full newsRead More
"Troilus Commences New 2,500 Metre Exploration Drill Program Southwest of Main Mineral Resource Areas https://t.co/a7WKutPBhG @TroilusGold #ResourceNews #GoldNews $TLG"Read full newsRead More
The precious metals sector remains in a correction. The miners have shown some positive signs but are not ready to move yet because the metals likely have more correction ahead.Technical support levels can provide us with low risk buy opportunities but combine that with sentiment data and we increase our odds of success.One reason why the sector is stuck in a correction is because the net speculat...Read More
Nov 28, 2019 Guest(s): Chen Lin Founder, ChenPicks.com While the U.S.-China trade conflict has been driving gold higher, Chen Lin said the riots in Hong Kong could also spur precious metals to new heights.Lin spoke to Kitco at the Metals Investor Forum held earlier this month. Chen Lin is a newsletter writer for CHEN's Stock Picks.Chen said Mainland China takes advantage of Hong Kong's free trad...Read More
The precious metals sector remains in a correction. The miners have shown some positive signs but are not ready to move yet because the metals likely have more correction ahead.Technical support levels can provide us with low risk buy opportunities but combine that with sentiment data and we increase our odds of success.One reason why the sector is stuck in a correction is because the net speculat...Read More
Nov 28, 2019 Guest(s): Jeff Clark Producer, BIG GOLD Ballooning debt has not yet exploded, and the debt to GDP ratio keeps expanding, and this eventually will drive gold prices much higher than current levels, said Jeff Clark, senior precious metals analyst at GoldSilver.com. "There are a lot of catalysts that have pushed gold to where they are now. We broke through that $1,400 ceiling and now t...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday November 28 that are worth another look.Electric vehicles are "the best thing to happen to the nickel market since the invention of stainless steel," Nornickel's marketing director told Fastmarkets in an interview, and his company's high-quality sulfide ore deposits in Norilsk give the Russian mini...Read More
Base metals prices traded on the London Metal Exchange were little changed at the close on Thursday November 28, with low trading volumes across the board by the 5pm kerb.Just more than 6,500 lots of copper changed hands, a far cry from almost 14,000 lots as of the same time on Wednesday, in holiday-thinned trading - the US markets are closed for Thanksgiving.The three-month copper price was cappe...Read More
The emphasis on traditional mining and high-quality domestic sulfide ore deposits in Norilsk will give Russian mining company Nornickel a competitive edge in meeting growing battery demand, the company said in an interview with Fastmarkets. "I couldn't say it is primarily driving our business model but electric vehicles (EVs) are the best thing to happen to the nickel market since the invention of...Read More
Chilean copper miner Antofagasta Minerals has begun to settle annual copper concentrate supply contracts with treatment and refining charges (TC/RCs) set at $62 per tonne / 6.2 cents per pound, sources from the company and its smelting customers told Fastmarkets.The deals, which were concluded with smelters in Japan and China and are for 2020 supply, consolidate a benchmark set by US miner Freepor...Read More
Key data from the Wednesday November 27 pricing session in Shanghai and London. Key drivers Sellers further cut their offers for cobalt hydroxide payables - the percentage of the metal price paid to procure intermediates - in doing so, encouraging larger tonnage purchases than in recent weeks.Market sources reported improved interest for January...Read More
Market indices in Australia, Toronto and the US all achieved new highs.US third quarter GDP was revised upwards while signs of a slowdown in China were seen as a possible push towards reaching a trade deal.However US futures and Asian markets were mixed today as concerns over trade tensions reignited after US president Donald Trump signed a bill supporting Hong Kong protestors, Bloomberg reported....Read More
Here are five Fastmarkets MB stories you might have missed on Thursday November 28 that are worth another look.Electric vehicles are "the best thing to happen to the nickel market since the invention of stainless steel," Nornickel's marketing director told Fastmarkets in an interview, and his company's high-quality sulfide ore deposits in Norilsk give the Russian mini...Read More
Speaking during the Guangzhou International Jewellery and Diamond conference, Zimnisky said the market glut was on track to correct as long as global demand for diamonds did not significantlyRead More
For its outlay, NRW will acquire a business that's forecast to generate revenue of about $850 million in the current financial year and earnings (EBITDA) of about $100 million.To fund the deal NRW is undertaking a $120 million raising via a fully underwritten placement pricing new shares at between $2.65 and $2.85 each - with a bookbuild to decide final pricing.As well as adding BGC Contracting's...Read More
Turkish mills skipped the day without any deep-sea scrap bookings on Thursday November 28, but the steelmakers are expected to book more scrap for January shipments soon, sources told Fastmarkets.The most recent transaction took place on Tuesday - involving a steel mill in the Marmara region booking a European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25), 5,000 tonnes of shred...Read More
The decision by a three-person panel was the final word in the contested case challenge to the mining permit that started in April 2018.The Menominee Indian Tribe of Wisconsin appealed the court's initial decision, but the EGLE panel voted unanimously in support of the prior ruling, determining that "the proposed mining operation will not pollute, impair, or destroy the air, water, and other natur...Read More
United States President Donald Trump's signing of bills to support Hong Kong's protestors may undermine or delay progress in US-China trade talks; this seems to have become a headwind for equities this morning, Thursday November 28, but so far, with the exception of nickel, it has not dragged down base metals prices on the Shanghai Futures Exchange.Most of the Asian equity markets we follow and pr...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday November 28 that are worth another look.Electric vehicles are "the best thing to happen to the nickel market since the invention of stainless steel," Nornickel's marketing director told Fastmarkets in an interview, and his company's high-quality sulfide ore deposits in Norilsk give the Russian mini...Read More