A summary of Imperial's production results for the year ended December 31, 2018 as well as its production target for 2019. IN BRIEF:The company is a Canada-based exploration, mine development and operating company. Through its subsidiaries, Imperial owns the Red Chris, Mount Polley and Huckleberry copper mines in British Columbia. It also holds a 50% interest in the Ruddock...Read More
Chinese ferro-vanadium exporters refrained from offering material ahead of Lunar New Year (February 4-10) and amid a lack of readily available metal, while European ferro-vanadium prices moved up after suppliers held on to their material in a tight market. Chinese ferro-vanadium export price static on thin trading European prices edge higher on tight supply, though spot demand is limited&nb...Read More
The price of ammonium paratungstate (APT) continued its downward trend last week amid weakening demand, while Fanya stock fears re-appeared following news the failed exchange is releasing some indium stocks for auction. APT price falls in China; spot activity picks up in Europe but sentiment still bearish Concentrate price stable amid slow trading European ferro-tungsten edges down on...Read More
The gold price rose 1.66% to US$1,302.60. The Philadelphia Gold and Silver Index rose 4% to 71.17, and the Dow Jones Industrial Average rose 0.12% to 24,737.20. The S&P 500 Index fell 0.22% to 2,664.76.Shares of Yamana Gold rose 11.3% to US$2.57. The company produced 940,600 oz. gold in 2018, exceeding its full-year guidance by 20,600 oz. gold. It produced 270,200 oz. gold in the fourth quarter of...Read More
The S&P/TSX Composite Index rose 0.41% to 15,366.05. The S&P/TSX Global Mining Index gained 1.71% to 68.54, while the S&P/TSX Global Base Metals Index fell 1.03% to 107.44. Spot gold moved US$21.30 per oz. higher to finish the week at US$1,302.60 per oz., and the S&P/TSX Global Gold Index jumped 5.20% to 181.21.Royal Nickel posted the highest trading volume based on drill results from its Beta Hu...Read More
Over the last two years, Uranium Energy (NYSE-AM: UEC) has taken advantage of the downturn in uranium markets and acquired uranium projects in the Powder River basin of Wyoming, Canada's Athabasca basin and Paraguay. "When prices are falling you can pull your horns in and sit on your hands, but we've been very active," says Scott Melbye, UEC's vice-president corporate development.At the same time...Read More
Canada's federal government has approved the environmental assessment of Argonaut Gold 's (TSX: AR) Magino project in Ontario.The open-pit project must still receive provincial government approval for the EA and other key authorizations including a construction permit and mine closure plan.A December 2017 feasibility study estimated the open-pit project would produce about 116,000 ounces of gold o...Read More
Goldcorp (TSX: G; NYSE: GG) expects to produce more silver, zinc, lead and gold equivalent ounces in 2019 compared to 2018.The company, which is currently merging with Newmont (NYSE: NEM), produced 630,000 oz. gold in 2018's fourth quarter at $850 per oz. gold all in sustaining costs (AISC). In 2018, it produced 2.29 million oz. gold, and expects to produce a similar amount of gold in 2019.The com...Read More
Angola is planning to hold its first diamond auction this week, inviting around 35 companies to bid for seven stones as the world's fifth largest producer moves to make the sector more lucrative for producers and the state.The stones, selected for their rare quality and size, were produced by the Lulo project operated by Australia-listed Lucapa in the northeastern province of Lunda Norte."It's our...Read More
Canada's federal government has approved the environmental assessment of Argonaut Gold 's (TSX: AR) Magino project in Ontario.The open-pit project must still receive provincial government approval for the EA and other key authorizations including a construction permit and mine closure plan. Argonaut Gold also anticipates completing a prefeasibility study on Cerro del Gallo, an advanced project in...Read More
Oil prices are still down sharply from the highs of October 2018, but the industry may still increase spending this year. The cost of developing new projects might rise along with higher spending levels.A survey of top industry executives by DNV GL suggests that capital spending on oil and gas could rise in 2019. Of the 791 senior professionals in the energy industry surveyed by DNV GL, 70 percent...Read More
Caterpillar Inc. had the biggest quarterly profit miss in a decade as a China slowdown hit demand for its signature yellow construction and mining equipment. The shares tumbled.The Deerfield, Illinois-based company also issued a 2019 profit forecast range which, at the low end, was below the average of analysts' expectations, adding to worries over mounting trade tensions that pummeled the heavy-e...Read More
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