Growing moves by governments and organizations to set a price on carbon emissions have set up a prospective niche market in battery metals exploration and development. Lithium, cobalt, graphite and vanadium are directly applicable to energy storage, while nickel and copper are seeing growing demand as inputs for electric vehicle manufacturers. Below, we provide an overview of eight companies with...Read More
Antofagasta (LSE: ANTO) has suspended a US$1.3 billion expansion at its Los Pelambres operation in Chile for an estimated four months as the coronavirus pandemic has made it impossible to carry on with work.The company has also suspended contracts with most of the companies involved in the project aimed at boosting Los Pelambres output.Antofagasta's flagship mine accounts for nearly half of the co...Read More
Panama's Ministry of Health confirmed that one person has died at the Cobre Panam?? operation due to complications caused by COVID-19.On Sunday, the government agency posted a tweet saying that following the identification of the first case of COVID-19 at the site on March 24, and despite efforts to stabilize the patient and isolate others suspected of carrying the infection, a worker died over th...Read More
Atalaya Mining (LSE: ATYM) has restarted its Riotinto copper mine in Spain after local authorities in Andaluc?-a determined that mining operations supplying other essential industries should remain open.The Cyprus-headquartered company had closed the mine on March 30 in response to the Spanish government's royal decree, which ordered the suspension of non-essential business operations, including m...Read More
TORONTO, April06, 2020(GLOBE NEWSWIRE) -- Caldas Gold Corp. (TSX-V: CGC) announced today that it has partnered with local community leaders, G...Read full newsRead More
A surge in coronavirus cases, an expansion of economic lockdowns, and an explosion in unemployment claims hit markets this week. But this deluge of...Read full newsRead More
(Kitco News) - Torex Gold Resources Inc. (TSX: TXG) late Thursday announced that operations will be temporarily suspended at the company's El Lim??...Read full newsRead More
Global Energy Metals (TSX.V:GEMC) is primed to take one of its flagship projects into the next stage of development after confirming "exceptional" metal re...Read full newsRead More
ECR Minerals (LSE:ECR) has raised ?500,000 in a 100 million share equity placing at 0.5p per share to ensure it is fully funded for the rest of 2020. Chief...Read full newsRead More
"Last week's other top-gaining #resource stocks on the #TSXV were G2 Goldfields $GTWO, @JerichoOilCorp $JCO, Pacific Booker $BKM and Mineral Mountain $MMV. https://t.co/4xIZOmQKfd #investing #mining #gold #oil #copper"Read full newsRead More
Puma Exploration Inc. has signed an option agreement to acquire 100% interest in the Williams Brook Gold property.Read full newsRead More
Kore's Imperial Project is located in California. Image from Kore. Kore Mining has released the results of a preliminary economic assessment (PEA) for its Imperial deposit in California, which suggests an open-pit heap leach operation with direct stacking of the run-of-mine oxides onto leach pads.The study forecasts average annual production of 146,000 oz. of gold over an eight-year mine life at...Read More
The Crawford project is located near Timmins, Ontario (pictured here). Photo from Wikimedia Commons. Canada Nickel (CVE: CNC) has discovered a palladium and platinum-bearing zone, situated to the north of the nickel-cobalt deposit within its wholly-owned Crawford project in Ontario. Five holes intersected this zone, returning intercepts that include 7.5 metres of 1.7 g/t palladium and platinum a...Read More
Discovery Metals' Cordero silver project in Chihuahua state, Mexico. Image from Discovery Metals. Discovery Metals continues to release high-grade assays from drilling at its advanced exploration-stage Cordero project in Chihuahua state, Mexico, which it acquired last year.Highlights of the results from 10 holes at Cordero included hole C20-316, which hit 1 metre of 2,153 g/t silver-equivalent (...Read More
Credit: Kazatomprom Kazakhstan- based uranium producer Kazatomprom said on Tuesday it expects its annual uranium production volume to fall by up to 4,000 tonnes in 2020. Previous expectations were between 22,750 and 22,800 tonnes.CEO Galymzhan Pirmatov said the company would fully meet its contractual requirements with customers and that subsidiaries are reducing staff on-site as local restrict...Read More
Image from Hitachi. Winters in Healy, Alaska, aren't for the fainthearted. Located just outside Denali National Park and Preserve, the daylight is short and the cold lingers into spring. Sometimes, temperatures plummet to as low as -60 ?F. Amidst these harsh temperatures, the work continues at Usibelli Coal Mine. "We work in extreme conditions," said Alex Legrismith, a Usibelli mining engineer. "...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 7 that are worth another look.The second quarter of 2020 will be one of volume survival due to massive capacity cuts in scrap, billet and long steel products globally amid Easter and Ramadan holiday periods and during efforts to contain the coronavirus, the International Rebar Producers & Exporters Association (Irepas) said o...Read More
Hong Kong trading house Noble Group Holdings will close its base metals and rare earths trading desks as part of widespread board-mandated staffing cuts, informed sources told Fastmarkets. Noble's board is said to have agreed on a directive for a major cut to headcount across the business, with traders informed that they would be let go on Monday and Tuesday this week. "They are blaming Covid-19 b...Read More
Three-month base metals prices on the London Metal Exchange were trading in positive territory at the close on Tuesday April 7, bolstered by reports that daily-reported Covid-19 cases were abating, giving rise to a spate of short-covering. Other market participants attributed today's gains to a risk-off rally induced by China's gradual return to market amid a fresh slew of supply disruptions to ke...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 7, 2020Gold bullion, the world’s “queen of assets”, has a majestic upside breakout from a large inverse H&S bull continuation pattern.To view the important price action, pleaseclick here now. Is this an “all clear” signal for gold stocks and silver t...Read More