Fastmarkets MB proposes to discontinue the publication of its ferrous trade logs. The publication of the following five trade logs will cease from April 24: Flat Steel Products Trade Log Long Steel Products Trade Log Semi-finished Steel Products Trade Log Steelmaking Raw Materials Trade Log Ferrous Scrap Trade Log There is no change to the publication of prices related to...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 42 points in pre-opening trade.JP Morgan gained $1.69 to $99.88 after reporting higher than consensus first quarter Net Interest Income.Johnson & Johnson advanced $4.89 to $144.66 after reporting higher than consensus first quarter earnings. The company also raise its dividend.Wells Fargo advanced $0.47 to $31.90 a...Read More
China's domestic rebar prices edged up further on Tuesday April 14 amid what was described by market participants as "good and steady" demand. Eastern China (Shanghai): 3,470-3,500 yuan ($492-496) per tonne, up by 10 yuan per tonneNorthern China (Beijing): 3,410-3,440 yuan per tonne, up by 10 yuan per tonne Buyers actively procured cargoes during the day, which gave prices a slight upward pus...Read More
The uncertainties surrounding cobalt supply and demand in the near term amid the continuing Covid-19 pandemic has led more Chinese salts smelters to take on tolling business to mitigate risk.The virus has had an unprecedented effect on the global economy with manufacturing sectors around the world forced to slow in attempts to halt its spread, a dynamic which eventually dented buying interest for...Read More
Stainless steel prices in the United States fell in April while surcharges declined and market participants reported sharply lower demand. Fastmarkets' monthly assessment for stainless steel 304 cold-rolled sheet, fob mill US fell by 2.5% to $117 per hundredweight on Monday April 13 from $120 per cwt previously, while that for 304L cold-rolled sheet fell by 2.5% to $119 per cwt from...Read More
Hochschild Mining (LSE: HOC) has become the third major mining company to suspend its dividend due to the COVID-19 pandemic.The Peru-focused gold mining company's announcement follows Glencore's (LSE: GLEN) decision on March 31 to defer its decision on whether to proceed with the proposed cash distribution of US20 ? per share (about US$2.6 billion) in 2020, and Freeport McMoRan's (NYSE: FCX) annou...Read More
With Quebec Premier Fran??ois Legault's announcement on Monday declaring mining operations in the province an essential service, mines will be allowed to start back up on April 15, with additional health and safety precautions.In response, several miners have issued press releases announcing plans to restart their operations.The Canadian Malartic open pit gold mine, jointly owned by Agnico Eagle M...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 resourcesAustralia-based junior IronRidge Resources takes big picture approach in AfricaSPONSOREDironridge resources As humans, we are all subject to proximity bias, only paying attention to, or...Read More
Less than a month after National Bank Financial said it was terminating a $75 million bought-deal financing deal with SilverCrest Metals (TSX: SIL; NYSE-AM: SLV) due to the COVID-19 pandemic, the mining company announced it would raise the same amount of money and possibly more through a non-brokered private placement.SilverCrest announced on April 13 that it would issue 10 million common shares a...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 resourcesAustralia-based junior IronRidge Resources takes big picture approach in AfricaSPONSOREDironridge resources Rarely, if ever, has then been such a clear demarcation between what was and...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) has inked two earn-in agreements in as many days on projects in the Dominican Republic and Argentina.The gold major is earning a 70% stake in Precipitate Gold's (TSXV: PRG) Pueblo Grande project, adjacent to Barrick's Pueblo Viejo mine in the Dominican Republic, and is earning a 70% stake in Golden Minerals (TSX: AUMN; NYSE-AM: AUMN) El Quevar project in Argenti...Read More
This week's episode features veteran mining recruiter Erik Buckland, senior client manager at Lincoln Strategy International. Buckland describes how the mining industry has held up relatively well compared to the rest of the economy, with mining jobs still in high demand. He also explained how new protocols have been developed to enact social distancing on mine sites, and how there has been an inc...Read More
Fiore Gold (TSXV: F; US-OTC: FIOGF) has completed a preliminary economic assessment (PEA) for its Gold Rock project in Nevada and provided an updated mineral resource estimate and a base case assessment for developing the project as a satellite open-pit operation that will share significant infrastructure and management with the company's Pan mine, 12 km away.Gold Rock's indicated resources increa...Read More
Mining operations in the Philippines' Surigao del Norte province were first suspended on April 1.Read full newsRead More
The Coalition for Renewable Natural Gas is continuing its work to advocate for RNG development and its industry members despite the impacts of the COVID-19 pandemic, according to Director of Operations David Cox.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
"@hullinsj The narrative has changed ---- but we're still being controlled by those who have been in charge for a real longtime.Could be for all the marbles this time."Read full newsRead More
Guyana Goldstrike (TSXV:GYA) has agreed to extend the deadline for the completion of an initial payment owing to the Company in connection with a gold forward purchase agreementRead full newsRead More
Gold prices reached their highest level in more than seven years on Tuesday due to growing concerns over the global economic slowdown as a result of the coronavirus pandemic. A wave of stimulus measures from central banks and governments lifted bullion’s appeal and, consequently, gold stocks value rose as well. The largest percentage gainer on the TSX was Torex Gold Resources, which jumped...Read More
It’s easy to imagine that everything lost value in the market turmoil of March. After all, the COVID-19 pandemic is a global shock that’s disrupted the economy in an unprecedented way. However, one segment of the market retained its value better than all else: gold and gold stocks. What I call gold stocks include any listed security with exposure to the market price of physical go...Read More