An overview of the Chinese minor metals markets and the reasons for their latest price moves. Read More
The price of vanadium pentoxide in Europe jumped by more than 25% in the week ended Friday April 17 due to concerns over obtaining the material during the continued lockdown in South Africa. Fastmarkets assessed the vanadium pentoxide 98% V2O5 min, in-whs Rotterdam price at $6.90-7.45 per lb on Friday, up 25.3% from the previous week's assessment of $5.2-6.25 per lb and at a three-month high....Read More
Prices for ferrous scrap imported to South Korea only registered marginal gains over the week to Friday April 17, while mills refused to contemplate higher offer prices for deep-sea cargoes with only limited interest in Japan-origin material, Fastmarkets heard.Although export offer prices from the United States West Coast have ballooned over the past fortnight, low buying interest has meant that K...Read More
Ferrous scrap sellers in Taiwan are mostly withholding offers for containerized material from the United States due to the bullish outlook for spot prices, sources told Fastmarkets on Friday April 17.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan, was $215-218 per tonne cfr on April 17, up by $3 per tonne from...Read More
Vietnamese buyers balked at the high offer for a deep-sea bulk cargo of ferrous scrap this week, preferring to purchase cheaper Japanese material instead.A seller offered a 20,000-25,000-tonne bulk cargo of Australian heavy melting scrap (HMS) 1&2 (80:20) at $270-275 per tonne cfr Vietnam at the start of the week, which is $20-25 per tonne higher than last week's offer of $250 per tonne cfr amid b...Read More
New Pacific Metals (TSXV: NUAG; US-OTC: NUPMF) says its Silver Sand project in Bolivia is one of the more significant primary silver discoveries in the last decade, and the majority of the mineralization identified so far lies within a few hundred metres of surface.The company released its inaugural resource estimate on the deposit this week, two years after acquiring the project, outlining 35.39...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD), the world's second-largest producer of the precious metal, expects first-quarter gold output to fall by 8.5%, as it has had to scale down operations due to measures to stop the spread of COVID-19.Barrick now expects to churn out 1.25 million oz. gold in the first three months of the year, slightly below the 1.37 million oz. it produced in the first quarter of 2...Read More
Thor Explorations (TSXV: THX) is moving forward with its Segilola project in Nigeria after securing a US$98-million financing.Once completed, Segilola, located 120 km from Lagos, will become the country's first large-scale gold mine.Thor said the financing package totalled US$104.5 million, coming mostly from long-term investor Africa Finance Corporation (AFC). The institution will contribute US$5...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) signalled on Friday a recovery in China's economy, as it reported improved shipments of iron ore to the country, but the company cut its forecast for annual copper output citing coronavirus-related disruptions.The company, the world's top iron ore miner, posted higher-than-expected output of the steelmaking ingredient for the first three months of the year. Producti...Read More
Dwindling nickel ore supply from the Philippines amid measures to contain the new coronavirus has boosted nickel prices in China despite weak demand from the stainless steel sector.Read full newsRead More
Medusa Mining Ltd:Read full newsRead More
TORONTO - April 15, 2020 - New Gold Inc. ("New Gold" or the "Company") (TSX and NYSE American: NGD) reports preliminary first quarter operational results from the Rainy River and New Afton mines. (All amounts are in US dollars unless otherwise indicated.) The Company is also announcing that due to the rapidly changing and unpredictable environment caused by the global COVID-19 pandemic, the Compan...Read More
Medusa Mining Ltd:Read full newsRead More
""With the safety measures we have put in place at all our sites, we are confident that we can adapt our business and continue to create long-term value for our stakeholders."??"^?oe...See these tickers:$NLR $RYO $AUX $VSR $SSE $CBI $SMN $CCW#MomentumStockshttps://t.co/opyTRaMvCd"Read full newsRead More
"Bill Gates on his vision for re-opening the world post #COVID19 - rights will be restored based on mass vaccination status. Mass gathering (religious, entertainment, sports?) may NEVER come back. "Germ Games like War Games" ??~? All the way to the end to hear the disconnect. ?????EUR??(TM)EUR?,? https://t.co/Zsd9Tjmsoa"Read full newsRead More
FireFox Gold Corp. (TSXV:FFOX; FSE:A2PDU7) announces that it intends to raise up to $200,000 by way of a non-brokered private placement.Read full newsRead More
Precipitate Gold Corp. (TSXV:PRG) is pleased to announce the closing of its previously announced non-brokered private placement.Read full newsRead More
The massive worldwide pandemic caused by the novel coronavirus has abruptly changed lives around the world. And while a lot of businesses and stocks have been impacted, some of the least-impacted stocks so far have been TSX gold stocks.The abrupt shutdown of economies and the massive job losses suffered as a result have become one of the biggest economic challenges we have seen in decades.Governme...Read More
The Canada Revenue Agency has delayed the tax filing and submission dates, to give the Canadians a bit of breathing room in these harsh economic times. It means that you have even more time to go over any tax deductions you might be eligible for. A heavy tax bill is a hefty weight on your heart and your wallet. But if you know all the deductions and credits you are qualified for, you might ha...Read More
One of the few assets to perform strongly since the coronavirus outbreak is gold. The yellow metal, which is regarded as the ultimate safe-haven asset, has soared 12% since the start of 2020. It is trading at US$1,699 an ounce and is poised to move higher. This has been a boon for gold miners. One that is performing strongly is Lundin Gold (TSX:LUG). The miner gained 33% over the last month, despi...Read More