Sherritt International has seen only modest impacts to its production as a result of Covid-19, but withdrew its production guidance for 2020 due to a number of market and economic uncertainties caused by the pandemic.Prior guidance for 2020 nickel production was 32,000-34,000 tonnes, while cobalt guidance was for 3,300-3,600 tonnes this year. The company has a 50% stake in the Moa joint venture, w...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday May 1.China The rise in UG2 chrome ore prices slowed down after China's major stainless steel mills all raised their ferro-chrome tender prices by a lower-than-expected amount. The imported charge chrome price ticked upward by $0.01 per tonne on improving sentiment and with availability of material f...Read More
Perseus Mining (TSX: PRU; ASX: PRU ) is building its second open-pit mine in Cote d'Ivoire and its third in West Africa, and expects to pour first gold in December despite the COVID-19 pandemic.Once built, Yaoure will produce 215,000 oz. gold per year at all-in sustaining costs (AISCs) of US$734 per oz. over the first five years of an initial 8.5 year mine life.On a recent conference call, manag...Read More
A key result of the grip of the coronavirus is the severe disruption to the commodity markets on both sides of the supply chain. A major issue that has affected gold has been the lack of airline flights, resulting in a false market tightness and bloated contangos. In terms of overall price action, during these times of distress (notably the equity markets' slump in March) gold has behaved in its n...Read More
COVID-19 has impacted the mining industry across the globe as governments enforce lockdowns and quarantines and companies halt operations because workers and contractors can't get on-site due to restrictions.S&P Global Market Intelligence in a new report tallies the impact of these mine closures, showing Africa and the Americas hardest hit in terms of the number of suspended operations.South Afric...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 resourcesSeven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootBut the almost complete disappearance of ESG from miners' vocabulary in recent weeks is cause for concer...Read More
Texas reported a single-day record jump in deaths as the state allowed some businesses to reopen...Read full newsRead More
...the gloves are well and truly off now.Read full newsRead More
Vancouver, BC - January 6, 2020 - Surge Exploration Inc. Read moreRead full newsRead More
"Vext Science (@VextScience) (#CSE: $VEXT | #OTCQX: $VEXTF) Reports Q4 & Full Year 2019 Results [https://t.co/5SKxVJVqV9]- 2019 Revenue increased 21% to $22.3 million- 2019 Net income of $2.8 million- 2019 EBITDA of $3.7 million#investing #stocks #stockmarket #trading"Read full newsRead More
""The #Evelynproperty claim size is significant enough to hold a world class goldmine" ??"^??"??>??,?$CBI #CBI #Gold #Goldmine #Drilling #SonoraGoldBelt #Mexico #MomentumStockshttps://t.co/SJXRJ6gq65"Read full newsRead More
"INTERVIEW - How many #gold mines has #COVID19 taken offline? And what could the impact on global gold production and exploration be in 2020? Three experts share their thoughts. https://t.co/eM4UskJK1Y @Metals @MetalsFocus @CRUGROUP #investing #coronavirus"Read full newsRead More
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2020) - Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) President and CEO of Alamos Gold, John McCluskey, discusses the company's operating gold mines in North America and Mexico.If you cannot view the video above, please visit:https://www.b-tv.com/alamos-gold-mining-ceo-clipRead full newsRead More
The oil price crash may have had a muted effect on Canadian stocks, especially in comparison with those down in the United States. But the fact is that hydrocarbon producers are facing some stiff headwinds.Let’s take a look at alternative sectors for investment today. Here’s what energy investors need to know right now from commodities and a popular green power play to an exciting new...Read More
Negative oil prices isanother corona consequences that no one saw coming. A 30% drop in world oil demand due to the corona lockdown's resulting in demand falling to 70m barrels per day, whilst the producers are pumping out over 90mbd meant that storage faculties had become saturated, thus nowhere to transport new supply to. What actually triggered the collapse was the expiry of May NYMEX oil futur...Read More
Theaction in silver is really interesting. Let’s check the prospects for volatilewhite metal, and the relevant historical analogy it offers. Is the major 2008 –2020 analogy in terms of price moves remains intact? In short, yes. SilverShares Its Two CentsSilverplunged to our initial target level and reversed shortly after doing so. It wasfor many months that we’ve been featuring t...Read More
Brazil's Vale expects the price premium for high-grade iron ore fines to decrease in the second quarter compared with those in the first, with production in China resuming.Brazilian 65% Fe iron ore has been fetching around $20 per tonne more than reference prices for 62% Fe material. This difference is mainly due to supply issues, which reduced inventories in China, the mining major's executive di...Read More
I think the case is closed, or it should be closed. But with firmly ingrained perceptions passed down from one generation of inflationist gold bugs to the next, you never know. Remember the old dismissive “gold is silver is copper is tin is oil is hogs” line from the 2003-2008 time frame? Probably not, but I remember it because it was me saying it against an army of inflationist commod...Read More
A summary of Brazilian mining company Vale's financial results for the first quarter of 2020.In brief Pro forma adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) down by 26% year on year due to depreciation of Brazilian Real.Net income of $239 million, compared with a net loss of $1.6 billion in the first quarter of 2019. Investments totaled $1.12 billion, up by...Read More
A summary of Latin American steel group Ternium's financial results for the first quarter of 2020.In brief Earnings before interest, taxes, depreciation and amortization (Ebitda) down by a third year on year due to restrictions related to the Covid-19 pandemic. Net loss of $19.40 million, compared with a net profit of $224.90 million in the first quarter of 2019. Higher sales volumes in Mexico, Te...Read More