Key data from Fastmarkets' pricing session in China on Wednesday September 16.Key drivers Domestic suppliers slashed their offer prices to facilitate deals after buying interest waned following declines in futures prices on the Wuxi Stainless Steel Exchange. The October indium contract on the exchange, for instance, closed at 1,130 yuan ($167) per kg on Wednesday, down by 19.1% from a close of 1,3...Read More
Ferroglobe will extend cuts to its production of standard-grade ferro-silicon from its European operations through the rest of this year, with no output from France and reduced output from Spain, industry sources told Fastmarkets on Thursday September 17.Spain-based Ferroglobe will make no standard-grade ferro-silicon at all in France this year, having idled two furnaces at Chateau-Feuillet on Sep...Read More
The European high- and low-carbon ferro-chrome markets strengthened on Tuesday September 15 due to a slow recovery in demand.Fastmarkets' weekly price assessment for ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe, was $0.85-0.97 per lb Cr on Tuesday, tightening from $0.83-0.98 per lb a week earlier."The capacity of users' production lines has been slowly coming b...Read More
With large-scale deposits hard to find, much has been made of the size of Kamoa-Kakula, Ivanhoe Mines' (TSX: IVN; US-OTC: IVPAF) project on the central Africa copper belt straddling the Democratic Republic of Congo (DRC) and Zambia.A recent note by BMO Capital Markets compares Kamoa-Kakula to the world's ten largest copper mines based on 2019 production numbers to offer perspective on mining finan...Read More
Teck Resources (TSX: TECK.A/B; NYSE: TECK) has signed a long-term agreement that will provide its Carmen de Andacollo copper operation in central Chile with 100% renewable power, eliminating 200,000 tonnes of greenhouse gas (GHG) emissions - the equivalent of taking 40,000 cars off the road - annually.Under the agreement with AES Corp., the operation will be supplied with 72 MW per year from AES's...Read More
Magna Gold (TSXV: MGR; US-OTC: MGLQF) has released the results of a preliminary feasibility study (PFS) on its San Francisco mine, acquired earlier this year, in Mexico's Sonora state.The study suggests a 16,875 tonne per day heap-leach operation, using existing processing capacity, generating an average of 69,000 oz. gold per year between 2021 and 2027 at all-in sustaining costs (AISCs) of US$1,2...Read More
An environmental court in Chile has confirmed that Barrick Gold's (TSX: ABX; NYSE: GOLD) Pascua Lama open-pit project located on the border between Argentina and Chile must close, according to BN Americas."The risk of damage to people's health makes it necessary to close the Pascua Lama mining project as alternatives do not seem viable to operate safely for the environment and public health," the...Read More
TomaGold (TSXV: LOT) is selling its 25% interest in the Monster Lake project to Iamgold (TSX: IMG; NYSE: IAG).Under the sales agreement, Iamgold will pay TomaGold $500,000 in cash and $8 million in shares.Iamgold holds a 75% interest in the Monster Lake project, 45 km southwest of Chibougamau, Quebec."This is a great transaction for TomaGold, as it will allow us to refocus our efforts on explor...Read More
Auroch taps into further nickel potentialSPONSOREDauroch mineralsAVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsElement 25's Butcherbird on songSPONSOREDelement 25Waihi District, a Golden Opportunity in New Zealand SPONSOREDoceanagoldLarge-cap diversified producers and gold exposure has been the default setting for individual Australian resources industry investors.Read More
Cashed Up, Covid, and Projects. Brian McEwen is VP of Exploration & Development Golden Arrow Resources Corp. Guest's website: https://goldenarrowresources.co...Read full newsRead More
NUMINUS WELLNESS INC. (TSX-V:NUMI)Numinus Wellness Inc. (TSX-V:NUMI) is positioned to become a market leader in psychedelic medical treatments. The company is at the forefront of this exciting, emergent industry.Following 50 years shut out in the regulatory wilderness, psychedelic-assisted pRead full newsRead More
Analytical results for final four holes expected mid-October 2020 Alianza Minerals Ltd. (TSX-V: ANZ, OTC: TARSF) ("Alianza" or the "Company") reports results from holes 4, 5 and 6 of the 10 hole 2020 reverse-circulation ("RC") drilling program at the Horsethief Gold Property, Nevada. This work is funded by partner Hochschild Mining (US), a subsidiary of [...]Read full newsRead More
Nexus Gold Corp. is pleased to provide a corporate update to sharRead full newsRead More
Bold Ventures Inc. is pleased to announce that an exploration perRead full newsRead More
Commander Resources Ltd. is pleased to report that Maritime ResouRead full newsRead More
VANCOUVER, BC and DENVER, Sept. 16, 2020 /PRNewswire via COMTEX/ --VANCOUVER, BC and DENVER, Sept. 16, 2020 /PRNewswire/ - SSR Mining Inc. (TSX: SSRM)...Read full newsRead More
With investors and analysts remaining bullish on gold, silver fits neatly into investments related to sustainability. Since the start of 2020, gold has rocketed to a new all-time high near $2,070 in early August, up 40%. At the same time, silver bottomed in March near $12, then soared to a $29 peak, also in early August, for a blistering 140% gain in just 4½ months. Silver has heavily out-...Read More
As the gold prices surged in 2020 amid strong demand for the yellow metal, shares of gold mining companies crafted new highs. For instance, shares of Kinross Gold (TSX:K)(NYSE:KGC) have doubled so far this year and have outperformed peers by a wide margin.Despite the rally, I believe there’s further upside in Kinross Gold stock. Here are three strong reasons why I believe inve...Read More
Since the major stock market crash in March, a lot of TSX stocks have had impressive recoveries. However, some of the biggest gains on the TSX have come from gold stocks.A lot of this is due to the massive increase in the price of gold this year. Many TSX stocks have recovered fully, and some have reached new highs.However, with gold stocks, almost every company has rallied to new highs. This...Read More
The U.S. dropped tariffs on Canadian aluminum Tuesday. The removal of the 10% tariff introduced in August is likely to be welcomed by all sides, and the effect on TSX metals stocks has already been positive.Russel Metals (TSX:RUS) had been sitting on a 1% loss Tuesday morning. That quickly flipped to a gain of a percentage point. Towards the end of the week, the majority of gains had been retained...Read More