Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Tuesday April 7, with gains averaging 1.2% and 1.4% respectively.Broader markets are in a firmer tone following a 7.7% rise in the Dow Jones Industrial Average on Monday and after this morning’s announcement of a record breaking 108 trillion yen ($990 billion) stimulus package...Read More
Turkish deep-sea scrap import prices have gone up strongly, as expected, with news of fresh cargo deals, sources said on Tuesday April 7.A steel mill in the Iskenderun region booked a European cargo, comprising 10,000 tonnes of HMS 1&2 (75:25) at $235 per tonne, 20,000 tonnes of shredded at $243 per tonne, 4,000 tonnes of a mixture of HMS 1 and plate and structural scrap (P&S) at $248 per tonne, a...Read More
Seaborne iron ore prices went down on Tuesday April 7 from the levels seen at the end of last week, but high-grade ore performed well in portside trading. The Chinese markets had been closed on Monday for the Qingming Festival holiday.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $82.73 per tonne, down by $0.57 per tonne.62% Fe low-alumina fines, cfr Qingdao: $84.11 per tonne, down by $0....Read More
U.S. equity index futures were higher again this morning. S&P 500 futures were up 77 points in pre-opening trade.Gold gained $15.70 to a seven year high at U.S. $1709.60 per ounce.AT&T added $0.94 to $30.38 after arranging a $5.5 billion line of credit. Kraft Heinz gained $1.04 to $26.95 after the company issued positive first quarter revenues and earnings. MMM advanced $7.80 to $148.50 af...Read More
Improved market sentiment due to the containment of Covid-19 across the United States and Europe boosted buying momentum in copper and pushed the three-month copper price higher during morning trading on Tuesday April 7. Copper's outright price was recently at $5,074.50 per tonne, climbing more than 3% from an intra-morning low of $4,937 per tonne, while trading volumes topped 10,000 lots as of 9:...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Tuesday April 7, with gains averaging 1.2% and 1.4% respectively.Broader markets are in a firmer tone following a 7.7% rise in the Dow Jones Industrial Average on Monday and after this morning's announcement of a record breaking 108 trillion yen ($990 billion) stimulus package by Ja...Read More
ELKO, Nevada, April 7, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) today is pleased to announce that it will hold electronic investor update webinars throughout April hosted by CEORoadshow. Mr. Edward Karr, President & CEO will update attendees and USAU shareholders on the outlook for the Company and will be available for questions after the initial presentation.Mr. Karr states, "In...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesAustralia-based junior IronRidge Resources takes big picture approach in AfricaSPONSOREDironridge resources End of isolation, and gosh not a second too soon.Never would I dare suggest t...Read More
Marathon Gold (TSX: MOZ) has released the results of a prefeasibility study on its Valentine gold project in Newfoundland, which envisions a 12-year open pit mine, producing an average of 175,000 oz. gold annually in the first nine years of operation.With an initial capital cost of $272 million and average life-of-mine, all-in sustaining costs (AISCs) of US$739 per oz., the after-tax net present v...Read More
SolGold's (TSX: SOLG; LSE: SOLG) Cascabel copper-gold asset in Ecuador received a boost on Tuesday after a long-awaited third resource update for Alpala, the project's main deposit, showed larger than anticipated resources.The new resource estimate has added 1.6 million tonnes copper, 2.5 million oz. gold and 92.2 million oz. silver (a metal not previously estimated), to Alpala's measured and in...Read More
This episode features a fireside chat with senior executives from Kinross Gold, including president and CEO Paul Rollinson, Chief Financial Officer Andrea Freeborough, Chief Technology Officer Paul Tomory, Corporate Development, External Relations & Chief Legal Officer Geoffrey Gold, and Tom Elliott, Investor Relations & Corporate Development. The event was put on by the TD Securities Management S...Read More
More than a year after the tailings disaster at Vale's (NYSE: VALE) Brazil C??rrego do Feij??o iron ore mine killed 270 people, the mining industry is still slow to adopt changes needed to prevent similar catastrophes, a new study shows.According to Amsterdam-based Responsible Mining Foundation (RMF), while investor-led action has resulted in improved transparency regarding the state of global tai...Read More
MINING.COM's ranking of the world's 50 largest mining companies based on market value shows a beleaguered industry at the end of the first quarter 2020, despite a resurgent gold price and robust precious metals M&A activity.At the end of 2019, the MINING.COM TOP 50 had a combined market value of almost US$1 trillion after adding nearly US$160 billion in market capitalization over the course of the...Read More
The economic fallout from COVID-19 is mounting sharply. Last week, unemployment claims in the United States hit a record 6.6 million, up from 3.3 million the previous week, and the U.S. Labor Department released its worst jobs report in 11 years. In the month of March, 701,000 people lost their jobs, sending the country's unemployment rate to 4.4%, up from 3.5% in February, which the Wall Street J...Read More
Family members of top government officials are involved in South Sudan's corrupt gold mining sector which is booming and threatening the fragile peace that ended the five-year-long civil war, warned a new report by The Sentry. Read full newsRead 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
The state's largest gas utility plans to invest $30 million a year in a bid to replace 5% of fossil gas by 2024.Read full newsRead More
First, the coronavirus pandemic brought the cannabis sector (and the markets) down. Then, cannabis bounced back, posting record sales and being labelled an essential service in most locations.How do you find the cannabis companies that will succeed during uncertain times? Look for those that have been doing it right, and have the track record to show it. For Indiva Limited (TSX-V:NDVA, OTC:NDVAF,...Read More
As all readers will be aware, this year has seen the outbreak of Covid-19 has driven one of the most significant market sell-offs in history. As more and m...Read full newsRead More
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