The economics team at Bank of America has cut its 2020 global growth forecast to 2.8% "while also factoring in a mini recession.""Logistics and supply chains remain an issue, without normalisation, multipliers from fiscal/monetary stimulus would be low," Bank of America said in a March 3 research note.The outbreak of the coronavirus - now called Covid-19 - has had a "pronounced impact." For mined...Read More
Days after announcing a $110-million all-share acquisition of Balmoral Resources (TSX: BAR) to expand the Fenelon project in Quebec, Wallbridge Mining (TSX: WM) has released drill results from its portion of Fenelon, which expand the mineralized zones and suggest additional mineralization in the hangingwall.The high-grade portion of the Tabasco zone has now been traced over 500 metres of strike...Read More
Rio Tinto's (NYSE: RIO; LSE: RIO) new carbon emissions reduction targets have triggered heated criticism from some investors and environmental groups, with a group led by a Friends of the Earth's subsidiary tabling a shareholder motion to improve what it calls "weak" climate goals.The world's second-largest miner last week vowed to spend US$1 billion over the next five years to reduce its carbon f...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesFinancing risks can be managedSPONSOREDAs now seems to be the form each week, here's my little comment on Covid-19 before I venture into my usual irrelevant tangent.Read More
World Platinum Investment Council says that surplus will rise to 119,000 ounces in 2020.Read full newsRead More
"$FNJN - Finjan Holdings, Inc. (FNJN) CEO Phil Hartstein on Q4 2019 Results - Earnings Call Transcript. https://t.co/oiMAPckTkJ #business #investing #stocks"Read full newsRead More
Toronto, Ontario--(Newsfile Corp. - March 2, 2020) - Pancontinental Resources Corporation (TSXV: PUC) (Read full newsRead More
Toronto, Ontario--(Newsfile Corp. - March 2, 2020) - Pancontinental Resources Corporation (TSXV: PUC) (Read full newsRead More
"$DIN - Dine Brands Global (DIN) Presents At Raymond James Institutional Investors Conference - Slideshow. https://t.co/DApbpHbbAh #stockmarket #stocks #investing"Read full newsRead More
"#MomentumPR ... will assist in increasing public awareness by managing the Company's corporate communications ... activities and facilitating dialogue with the Company's shareholders, finance professionals, analysts and media contacts#MomentumStockshttps://t.co/nYeew0MIKv"Read full newsRead More
Forum Energy Metals (TSX.VFMC) has launched an exploration project funded by Orano Canada at its major uranium opportunity in Saskatchewan, Canada. Eight t...Read full newsRead More
It’s been a highly turbulent time for North American markets. Last week saw one of the worst stock market performances since the financial crisis a decade ago. This was followed by the Fed cutting the U.S. interest rate, sending the American markets tumbling. Wednesday finally saw the Bank of Canada follow suit with our own interest rate cut.Seeing optimistic pundits turn bullish on gold and...Read More
Thus far the Canadian interest rate cut has had a muted effect on the TSX. It’s been a volatile few months on the markets, after all, with the trade war weighing heavily on the vast majority of sectors and oil seeing a worsening outlook.This week saw a continuation of last week’s sell-off that began when the markets finally woke up to the reality of the coronavirus. That the Fed cut th...Read More
Ontario premier Doug Ford and Greg Rickford, minister of Northern Development and Mines and Indigenous Affairs were at the Prospectors and Developers Association of Canada convention (PDAC) this week to announce a new agreement with two First Nations in the Ring of Fire to plan and develop a north-south road into the remote region.The Northern Road Link, an all-season road that would connect the M...Read More
An updated preliminary economic assessment released by Talon Metals (TSE: TLO) for the 125-sq.-km Tamarack project, 87 km west of Duluth, Minnesota, suggests a net present value estimate of $291 million, at a 7% discount rate. When compared with the prior PEA from 2018, increased tonnes in the mine plan and higher mill throughputs (at 2,000 t/d, up from 1,390 t/d) increased the after-tax NPV by...Read More
Image from Wenco. Wenco, a technology solutions company, is expanding its South American presence with Thiess, the world's largest mining contractor, selecting the Wenco Mine Performance Suite to run its operations at Antofagasta's Centinela open-pit mine in Chile.Antofagasta contracted Thiess to develop the Encuentro oxides pit, which is expected to contribute to the mine's output of 50,000 ton...Read More
ST600 Loegering Power attachment (Credit: Loegering). Loegering Power Attachments has introduced the ST-series stabilizing and milling skid-steer and compact track loader attachments to the North American market. The ST1000 and ST600 attachments allow contractors to complete milling and stabilizing using the same tool.. The ST1000 and ST600 attachments allow contractors to complete milling and...Read More
Global market volatility drove gold ETF assets to new all-time highs. File image. Global gold-backed exchange-traded funds (ETFs) had $4.9 billion or 84.5 tonnes of net inflows in February, boosting holdings to new all-time highs of 3,033 tonnes, the World Gold Council (WGC) reported Thursday. Combined with a gold price increase of nearly 2%, assets under management (AUM) grew by 4.4% in dollar t...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 5 that are worth another look.Ukrainian steelmaker Metinvest will increase its hot-rolled coil output once it finishes testing a new rolling line at its Ilyich Iron & Steel Works at Mariupol, chief executive officer Yuriy Ryzhenkov told Fastmarkets this week.China Zhongwang holdings - the largest aluminium extrusion company...Read More
The three-month price of zinc on the London Metal Exchange was higher at the close of trading on Thursday March 5, breaching nearby resistance at the $2,000 per tonne level, while tin recorded its first close above $17,000 per tonne since January 24.Zinc's outright price on the LME closed at $2,011 per tonne on Thursday afternoon, while just over 9,000 lots were traded over the day. This was a mod...Read More