Culiacan, Sinaloa, Mexico. Stock image. The initial seven holes completed by Vizsla Resources at the Panuco silver-gold project in Mexico returned high-grade intercepts from an area surrounding historic workings as well as from a new vein discovery.Drill highlights include 3.55 metres of 364 g/t silver-equivalent from the Paloma vein, a newly discovered structure, and 2.6 metres of 404 g/t silv...Read More
"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."-Charles MacKay Extraordinary Popular Delusions and the Madness of CrowdsI think it is safe to say by now, that we are in complete panic mode.In the midst of a worldwide pandemic, a stock market crash and a lame, desperate move by the Fed - we've all...Read More
Image from RPM Global. Mining technology and consulting company RPM Global has launched the Talpac-3D software package, an addition to its suite of mining simulation solutions aimed at helping companies unlock value from their operations.After detailed consultations with Talpac's global user base, RPMGlobal released Talpac-3D to offer an enhanced user experience, increased functionality and a s...Read More
MBI global logo MBI Drilling has embarked on a new phase, becoming MBI Global. As part of its focus on the future of the international mining industry, the company revisited the MBI brand with a rebranding effort.MBI Global will join forces with its partners, Versa Drill Canada, Pilot Diamond Tools, Premier Mining Products, N&N Drilling and Drillware, to bring a competitive edge to the gl...Read More
Mar 09, 2020 Guest(s): Adrian Day The Federal Reserve's inter-meeting emergency 50-basis-point interest rate cut last week was a panic move and will continue to support gold prices, said Adrian Day, CEO of Adrian Day Asset Management. "You can't fight a virus with a rate cut," Day told Kitco News, on the sideline of PDAC 2020, the world's largest mining conference. "I think the Fed has complete...Read More
Here are five Fastmarkets stories you might have missed on Monday March 9 that are worth another look.Market sources have been puzzled by the gradual upward trend in China's steel prices after the novel coronavirus (2019-nCoV) broke out in a big way after the Lunar New Year holiday.Soci?(C)t?(C) le Nickel (SLN) resumed operations and ore shipments at its Thio mine in New Caledonia on March 9, a sp...Read More
Three-month base metals prices on the London Metal Exchange, with the exception of aluminium, closed down in the afternoon session on Monday March 9 while problems arising from the 2019-CoV coronavirus continued to weigh on global economies and demand for commodities."There was no shortage of negative developments over the weekend while recently-affected economies took drastic measures to limit th...Read More
If global financial markets had been operating under a pervading sense of uncertainty due to the impact of the novel coronavirus (2019-nCoV), they now appear to be veering on panic.Oil prices have suffered their biggest one-day collapse since the 1991 Gulf War following Saudi Arabia's declaration of a price war on Russia through a shock move to hike oil production. S&P Dow Jones Indices was forced...Read More
Bob Moriarty ArchivesMar 9, 2020In military aviation pilots are taught about an important concept called being on theBack Side of the Power Curve.For every aircraft and altitude there is a speed and power curve. Until the aircraft gets too slow things work just fine. A lot like the Fed. But when the aircraft flies too slow and drag gets too high, the addition of more power makes the situation wors...Read More
Treatment charges (TCs) for spot lead concentrates have continued to rise, with smelters cherry-picking deals with terms as high as $200 per tonne.Fastmarkets assessed the lead spot concentrate TC, high silver, cif China, at $180-200 per tonne on Friday February 28, up $30 from $150-170 per tonne the previous month. The corresponding assessment for lead spot concentrate TC, low silver, cif China,...Read More
The United Nations Conference on Trade and Development said yesterday it expected the COVID-19 outbreak's negative impact on global foreign direct investment flows to be between -5% to -15% this year.Meanwhile equities in the Middle East plunged on Sunday as Saudi Arabia slashed the price of its crude after producers failed to agree on supply cuts, Bloomberg reported.Diversified miner and oil and...Read More
New York-based Jefferies, which also highlighted MMG's operational risks in a weekend note on the 75%-China Minmetals Corp owned company, said its high level of exposure to a weaker copper price was one concern, but probably not as big a problem as its "relatively high operating risk [Las Bambas and Kinsevere] and a levered balance sheet"."Net debt was reduced by $226 million to $7.47 billion at t...Read More
Chinese portside prices of both high- and low-grade manganese ore fell for the fourth straight week on Friday March 6, but the pace of the downtrend slowed after some traders resisted slashing offer prices further. Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 33.70 yuan ($4.86) per dry metric tonne unit (dmtu) (equivalent to $4.10 per dmtu, excludin...Read More
Under the proposed three-year mining services contract, Barminco says it will bring industry-leading technology and productivity to Hemlo in support of Barrick's goal to modernise and improve the performance of the mine and establish it as a tier two asset within its group.Barminco's scope of work includes undertaking mine development, production and haulage, using Barrick's mining equipment.The c...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ) announced today that it has received a notice from the Israel Police notifying them that they have won a new four-year contract.Bentsur Joseph, Chairman and CEO of A2Z stated, "We won a similar contract four years ago, which recently completed. The Israel Police awarded A2Z a new four-year term contract and expanded...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce it has launched the Company's flagship Push-to-Talk LTE Uniden UV350 in-vehicle cellular IoT device with Verizon.The UV350 provides its enterprise customers with the first-ever dedicated in-vehicle Push-to-Talk ("PTT") cellular solution built for the specific requirements of com...Read More
Norsk Hydro has closed one of the four production lines at its Albras aluminium smelter joint venture in Brazil after a fire in an electrical transformer on Friday March 6.The smelter, owned 51% by Norsk Hydro and 49% by Nippon Amazon Aluminium Co, has an annual production capacity of 460,000 tonnes. The fire is a further blow to the smelter,...Read More
Here are five Fastmarkets stories you might have missed on Monday March 9 that are worth another look.Market sources have been puzzled by the gradual upward trend in China's steel prices after the novel coronavirus (2019-nCoV) broke out in a big way after the Lunar New Year holiday.Soci?(C)t?(C) le Nickel (SLN) resumed operations and ore shipments at its Thio mine in New Caledonia on March 9, a sp...Read More
Steve St. Angelo, SRSrocco Report (MARCH 8, 2020 Late PM US EST)It begins... the world is finally waking up to the massive economic and financial threat of this global contagion. As reported by Zerohedge, the Middle East markets opened today to a bloodbath as many of the region's stock indexes fell more than 5%, with Kuwait suspending trading after it's market fell 10%. According to the ar...Read More
RambusI promised you on Friday that I would take an in-depth look at the energy complex in the Weekend Report. If there is one sector to define the possible deflationary event we've been discussing for the last several months or so oil is probably the most important commodity of all. Eventually we'll know the cause in no uncertain terms, but the charts have been suggesting for a long time now th...Read More