Record gold production; Record reserves for gold, silver, and leadCompany Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced fourth quarter and full year 2018 financial and operating results.YEAR-END HIGHLIGHTSSilver production of 10.4 million ounces and record gold production of 262,103 ounces.Silver equivalent production of 4...Read More
Canada's Lundin Gold (TSX:LUG), the company that plans to kick off production at its Fruta del Norte gold project in Ecuador later this year, will boost exploration in the country thanks to C$40.5 million (about $30.8m) in financing secured this week.A syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, has agreed on a bought deal basis to buy 7.5 million shares at $5.40...Read More
Canada's Lundin Gold (TSX:LUG), the company that plans to kick off production at its Fruta del Norte gold project in Ecuador later this year, will boost exploration in the country thanks to C$40.5 million (about $30.8m) in financing secured this week.A syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, has agreed on a bought deal basis to buy 7.5 million shares at $5.40...Read More
Canada's Lundin Gold (TSX:LUG), the company that plans to kick off production at its Fruta del Norte gold project in Ecuador later this year, will boost exploration in the country thanks to C$40.5 million (about $30.8m) in financing secured this week.A syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, has agreed on a bought deal basis to buy 7.5 million shares at $5.40...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), an advanced platform for the automated distribution of omnichannel product information, and Riversand, a cloud-native Master Data Management (MDM) and Product Information Management (PIM) provider, announced today the formation of a strategic partnership enabling brands to instantly and efficiently communicate...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold slipped off a 10-month peak on Thursday, pressured by signals the U.S. Federal Reserve will not adopt as dovish a stance on monetary policy as previously thought and as investors booked profits, while palladium retreated from a record high.Spot gold fell 1.08 percent to $1,324 per ounce at 1:56 p.m. ET,...Read More
"$PM - Philip Morris International Inc. (PM) Presents at the Consumer Analyst Group of New York (CAGNY) Conference (Transcript) https://t.co/AhHo2RxcoV"Read full newsRead More
Palladium prices broke above $1,500 for the first time on Wednesday due to a pro...Read full newsRead More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished higher Wednesday following the release of minutes from the January meeting of the Federal Reserve's rate-setting committee. CVS Health Corp. (CVS) posted stronger-than-expected fourth-quarter earnings but its 2019 profit guidance fell far short of Wall Street forecasts. The stock&n...Read More
Europe frets over the stability of Indonesian tin supply, China sees less product coming from Myanmar and US buyers are trying to wait out the current high tin prices. Europe mulls how to make up for lost Indonesian supply Chinese premiums flat while import window closed US sees little spot buying, with buyers said to be waiting for rising LME tin prices to subside.European premiums flatIn Europe,...Read More
Shanghai zinc premiums softened over the past week on low spot interest due to import losses and a backwardation in London Metal Exchange price spreads, while lead premiums were largely unchanged across the globe, Fastmarkets heard on Wednesday February 20. Shanghai zinc market saw transactions at a lower premium, and import losses hovered around $100 per tonne. The contango of zinc spreads in mid...Read More
Copper's three-month price on the London Metal Exchange was up over 1% at the close of trading on Wednesday February 20, breaching $6,400 per tonne for the first time since July 2018 amid high volumes and dwindling LME stocks. Total volumes traded in copper led the complex with more than 21,000 lots changing hands by the close, the most since January 4. Despite significant buying over the aft...Read More
Glencore will cut copper production at its Mutanda mine in the Democratic Republic of Congo by 100,000 tonnes, the company said on Wednesday February 20. Cobalt hydroxide production at the mine, which totaled 27,300 tonnes last year, will not be affected. "In [the fourth quarter] 2018, a significant downward revision in the amount and timing of copper oxide reserves at our Mutanda copper operation...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Key data from the Wednesday February 20 pricing session in Europe. Key drivers The European ferro-titanium spot price increased, with prices moving up on the low end of the range, after supply worries involving a major supplier prompted short-covering. Ferro-titanium producers and traders say they have been getting more buying interest from Europe and the United States. The producer typicall...Read More
Turkish scrap import prices went down as expected on Wednesday February 20, following news of a fresh deal for a deep-sea cargo.A steel mill in the Marmara region booked a UK cargo of 10,000 tonnes of HMS 1&2 (80:20) at $316 per tonne cfr.The news of this cargo sent the daily scrap indices down sharply on Wednesday.The daily index for Northern Europe-origin HMS 1&2 (80:20) was...Read More
A blockchain pilot project designed to demonstrate the presence of artisanal and small-scale mining (ASM) sites in the tungsten supply chain is scheduled to be completed in May 2019.The SustainBlock trial started in May 2018 and is focused on a tungsten supply chain originating from Rwanda.Funded by the European Partnership for Responsible Minerals (EPRM), a multi-stakeholder grouping set up to cr...Read More
The Comex copper market continued to move in a positive direction on Wednesday February 20, with global trade talks between the United States and China showing progress.The copper price for March settlement on the Comex division of the New York Mercantile Exchange increased 2.25 cents to $2.8970 per lb. Additionally, the red metal's price remains elevated against a backdrop of falling London....Read More
The three-month base metals prices traded on the London Metal Exchange were stronger across the board with gains averaging 0.3% on the morning of Wednesday February 20, compared with Tuesday's closing levels.Copper has generally led the move higher in recent days with prices reaching a high of $6,350.50 per tonne this morning, which has taken it well into the resistance area on the chart that lies...Read More
Trader-miner Glencore expects healthy future demand for cobalt and a bottoming out of prices after a difficult second half of 2018, its senior executives said on Wednesday February 20 during its full-year results announcement. Glencore's adjusted earnings before interest and tax (Ebit) came to $2.5 billion in its marketing business for the full-year 2018, down 17% year on year. The company attribu...Read More