Truck maintenance at Detour Lake. Image from Kirkland Lake Gold. In the first quarter of this year, Kirkland Lake Gold produced 330,864 oz. of gold, an 18% increase from 279,742 oz. generated in the prior quarter, largely driven by a contribution from the Detour open pit in Ontario, following closing of company's acquisition of Detour Gold at the end of January.The Detour mine contributed 91,...Read More

Wartsila 32TS generating sets Credit: Wartsila Technology group Wartsila will provide the engineering, equipment, and technical advice for a 44 MW power plant at the Mansourah & Massarah gold project in Saudi Arabia. It will be the first power project in the country a hybrid concept, with engine technology and solar energy. It will be the first power project in the country utilizing a hybrid co...Read More

Wallbridge Mining's Broken Hammer copper-nickel-PGM mine near Sudbury, Ontario. Credit: Wallbridge Mining Wallbridge Mining Company (TSX: WM) has announced that in response to the latest covid-19 plans from the provincial governments, exploration activities at the Fenelon gold project in Qu?(C)bec as well as operations in Ontario will remain suspended until at least May 4. Originally, these opera...Read More

Here are five Fastmarkets stories you might have missed on Thursday April 9 that are worth another look.South American flat steel import prices were mostly stable week on week as market liquidity dipped in the continent amid lockdowns and weakened demand due to the Covid-19 pandemic.The aerospace industry has been hit hard by the Covid-19 pandemic, with companies in the sector forced to take drast...Read More

Aluminium billet premiums across the globe declined on Thursday April 9, with the Covid-19 pandemic continuing to dampen downstream aluminium demand and prices across the supply chain.Fresh record lows in Germany, ItalyBrazil premium at 44-month lowAuto shutdowns pressure US marketNo spot business in Thailand Huge drops in EuropeLiquidity was minimal throughout Europe this week as the coronavirus...Read More

Fastmarkets' price assessment for the aluminium extrusion billet premium, cif Brazil was published later than scheduled on Thursday April 9 due to a technical error.Fastmarkets' price book and database have since been updated for the aluminium 6063 & 6060 extrusion billet premium,...Read More

PERTH (miningweekly.com) – Junior Marenica Energy will raise A$1-million after receiving binding commitments for a placement to professional and sophisticated investors.The ASX-listed company will place 26.35-million shares, at a price of 3.8c each, and 26.35-million free attaching options, over two tranches. The first tranche will consist of more than 13.15-million shares and will be issued...Read More

Here are five Fastmarkets stories you might have missed on Thursday April 9 that are worth another look.South American flat steel import prices were mostly stable week on week as market liquidity dipped in the continent amid lockdowns and weakened demand due to the Covid-19 pandemic.The aerospace industry has been hit hard by the Covid-19 pandemic, with companies in the sector forced to take drast...Read More

Fastmarkets' copper concentrates treatment charge and refining charge (TC/RC) index dropped below the annual benchmark level in a week characterized by force majeures and mines being put on care and maintenance. The index, which tracks spot market activity for Asia Pacific, stood at $60.10 per tonne/ 6.01 cents per lb on Friday April 9, down by 8.5% from $65.70 per tonne/ 6.57 cents per lb a week...Read More

Brazilian mining company Vale has decided to extend the care and maintenance period at its Voisey's Bay nickel mine, in northeast Canada, for up to three months to prevent the spread the Covid-19 coronavirus, the company said on Wednesday April 8.The Long Harbour Processing Plant in Newfoundland, Canada, however, will maintain activity using stockpiled nickel and cobalt concentrates, the miner sai...Read More

Argonaut Gold Inc. ("Argonaut" or "Argonaut Gold") (TSX: AR) and Alio Gold Inc. ("Alio" or "Alio Gold") (TSX, NYSE-A: ALO) have entered into a definitive agreement for an at-market merger whereby Argonaut will acquire all of the issued and outstanding shares of Alio. Under the terms of the Arrangement Agreement, all of the Alio issued and outstanding common shares will be exchanged on the basis of...Read More

The Peruvian government has extended the national state of emergency by two weeks to April 26 in an attempt to contain the spread of the Covid-19 virus in the country. President Mart?-n Vizcarra announced the extension to the lockdown on Wednesday April 8. It was first declared on March 15. In Peru, 4,342 people had tested positive for Covid-19 by the time of publication, and 121 people have died...Read More

Here are five Fastmarkets stories you might have missed on Thursday April 9 that are worth another look.South American flat steel import prices were mostly stable week on week as market liquidity dipped in the continent amid lockdowns and weakened demand due to the Covid-19 pandemic.The aerospace industry has been hit hard by the Covid-19 pandemic, with companies in the sector forced to take drast...Read More

Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") announces a significant increase in revenue-generating work orders for retail connections from its channel partners. As a result, the Company has a clear path to improved profitability, as work orders convert to revenue-generating integrations with retailers Amazon.com, Inc. (NASDAQ: AMZN), Mercado Libre (NASD...Read More

Weekly Reports |Apr 07 2020After years of lacklustre uranium prices and a lack of any urgency on the part of utilities, suddenly the virus has markedly changed the nuclear energy equation.-Coronavirus fallout has proved beneficial for uranium prices-Market volumes jump led by financial traders and uranium producers-Current crisis emphasises the need for secure power generation, including via nucl...Read More

Chairman Greg Martin, who assured shareholders attending the Iluka's virtual annual general meeting that he had shaved and gotten out of his pyjamas, said the company's initial plan was to provide an update on the timing of the demerger.However, Martin said the travel restrictions and social distancing measures due to coronavirus meant the timing was still unclear."You will appreciate that the pra...Read More

Cobalt prices continued to drift lower over past week with buyers holding back from the spot market and stock levels sufficient to offset the initial impact of various supply-side cutbacks resulting from efforts to curb the Covid-19 pandemic. Fastmarkets' price assessment for cobalt alloy grade, in-whs Rotterdam stood at $16-16.50 per lb on Thursday April 9, unchanged from the previous day an...Read More

Prices for bulk cargoes of deep-sea ferrous scrap imported into Bangladesh increased by $10 per tonne over the week to Thursday April 9, with suppliers in the United States raising their offers in response to lower material availability.Bangladesh import prices were also raised by continued demand for steel scrap in the country, despite the nation's recently-imposed lockdown, with at least one ste...Read More

The price of ferrous scrap imported into India remained broadly stable this week with the country's Covid-19 lockdown continuing to keep trading at a standstill, but buoyed by increases in other global scrap markets, sources told Fastmarkets on Thursday April 9.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $245.19 per tonne on Thursday, little changed...Read More

The Turkish deep-sea scrap import markets have been silent since a sharp rebound earlier in the week, with supply tight due to the effects on work patterns of the Covid-19 pandemic, sources said on Thursday April 9.Scrap import prices have gone up strongly amid reduced availability of material in the deep-sea markets, caused by the closing of scrapyards especially in the UK and United States in at...Read More