Shares in Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) jumped 12.6% in pre-market trading in New York on Thursday on the news that it will resume mining and heap leaching at its K????lada?? gold mine in Turkey.The Vancouver-based miner noted it would halt a previously announced $520 million-project to build a mill on site. The facility would have made K????lada?? a nine-year, 270,000-ounce-per-an...Read More
Shares in Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) jumped 12.6% in pre-market trading in New York on Thursday on the news that it will resume mining and heap leaching at its K????lada?? gold mine in Turkey.The Vancouver-based miner noted it would halt a previously announced $520 million-project to build a mill on site. The facility would have made K????lada?? a nine-year, 270,000-ounce-per-an...Read More
Lithium is set to soar - and leave investors pocking huge profits.Even with all the headlines and controversy surrounding Tesla founder Elon Musk, recent research shows that even bad press can't stop the momentum of a huge component that makes Tesla what it is today.In fact, Tesla merely helped highlight how completely critical lithium is in today's increasingly-technological world... and how scar...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) revealed Thursday plans to acquire Cornerstone Capital Resources (TSX-V:CGP), a Canadian firm which has a 15% interest in the miner's coveted Cascabel copper-gold project, located 180 km north of the capital Quito.The takeover would see Cornerstone's investors receive 0.55 SolGold shares for each their shares, which SolGold said was a 20% premium.I...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) revealed Thursday plans to acquire Cornerstone Capital Resources (TSX-V:CGP), a Canadian firm which has a 15% interest in the miner's coveted Cascabel copper-gold project, located 180 km north of the capital Quito.The takeover would see Cornerstone's investors receive 0.55 SolGold shares for each their shares, which SolGold said was a 20% premium.I...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) revealed Thursday plans to acquire Cornerstone Capital Resources (TSX-V:CGP), a Canadian firm which has a 15% interest in the miner's coveted Cascabel copper-gold project, located 180 km north of the capital Quito.The takeover would see Cornerstone's investors receive 0.55 SolGold shares for each their shares, which SolGold said was a 20% premium.I...Read More
Published9:02PM ET Wed, 30 Jan 2019Updated6 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold slipped on Friday, weighed down by robust U.S. jobs data, but remained on course for a second week of gains buoyed by the U.S. Federal Reserve's signal that it would pause its interest rate hikes.Spot gold dipped 0.23 percent to $1,317.56 per ounce at1:02 p.m. ET, having hit a nine-month pe...Read More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to announce the completion of the sale of an end-to-end cannabis extraction and processing facility to Cannaworld Ventures Inc. ("Cannaworld Ventures").Cannaworld Ventures provides strategic investments in the cannabis industry focusing primarily on opportunities in the cannabis processing sector. C...Read More
Gold is struggling to find acceptance above $1,321, which is the 78.6 percent Fibonacci retracement of the sell-off from $1,365 to $1,160 and could see a minor pullback as the short duration indicators are beginning to diverge in favor of the bears. 4-hour chart As seen above, the previous 4-hour candle clocked a high of $1,323 - a level last seen in May 2018 - but failed to close abov...Read More
"The Gruyere gold asset, a joint venture (JV) between Gold Road Resources (ASX:GOR) and Gruyere Mining Company, a subsidiary of Gold Fields (NYSE:GFI), has produced its first ore on time. https://t.co/owxU45ET7B @_GoldRoad @GoldFields_LTD #mining #gold #"Read full newsRead More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose sharply Wednesday, getting a boost from earnings from Apple Inc. (AAPL) and Boeing Co. (BA) .Apple guided to a relatively strong fiscal second quarter after beating reduced earnings and revenue estimates in its first quarter. The stock rose 6.83%.Boeing soared 6.25% after the aerospace giant...Read More
Nickel closed higher on the London Metal Exchange on Wednesday January 30 after peaking at an intraday high of $12,455 per tonne, its highest since October. Low stocks and robust demand from stainless steel and nickel pig iron (NPI) production, predominantly in China and Indonesia, are underpinning the upward trend in the three-month price, which is now more 15% higher than its 2018 low of $10,500...Read More
Nickel premiums in all regions assessed by Fastmarkets were stable week on week on Tuesday January 29 in quiet trading conditions relating to macroeconomic uncertainty as well as market participants retreating for Lunar New Year. All European premiums remain unchanged in an illiquid market US cut-cathodes outperform briquettes amid slow trade Shanghai sees no change for six weeks, pre...Read More
The European tin premium dropped by $35 on the midpoint in the week ended Tuesday January 29 following a 1,000 tonne delivery to London Metal Exchange sheds, while other regional premiums were unchanged week on week in quiet markets. Premium for standard grade tin ingot, in-warehouse Rotterdam, falls 7.4% Adequate supply keeps US premiums unchanged Shanghai premium flat in quiet, pre-...Read More
The disaster caused by Vale's dam rupturing in the Brazilian state of Minas Gerais has no connection to the issue surrounding Norsk Hydro's alumina refinery Alunorte and will probably not stall its return to 100% capacity, market observers told Fastmarkets during the week.Norwegian aluminium group Hydro is waiting for approval from the federal justice in Brazil to increase output at Alunorte. Two...Read More
Fresh reports are emerging of traders taking positions in the manganese ore market, sparking reminders of speculation-led rallies that occurred in previous years. Position trading refers to buying up larger than normal cargoes of manganese ore on expectations of making profit from a resultant price rise. It is a tactic that has not been seen for some time because opportunities have been limited du...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Turkish deep-sea scrap import prices went up on Wednesday January 30 following another burst of fresh bookings completed at higher prices, sources told Fastmarkets.There were two cargoes booked from the United States.A steel mill in the Iskenderun region booked a US cargo comprising 30,000 tonnes of HMS 1&2 (80:20) at $310 per tonne cfr for February shipment.A second US cargo was booked by a mill...Read More
The US copper premium remained at a multi-year high this week, with a significant stock cancelation at the LME's New Orleans warehouses failing to nudge it even higher; the Chinese cathode market was quiet before the Lunar New Year holiday and due to a negative import arbitrage. A total of 25,000 tonnes of copper was freshly canceled in New Orleans on Tuesday and Wednesday but US premiums were un...Read More
Prices for steel billet in Asia are likely to come under greater pressure in 2019 with demand for it as well as downstream long steel products expected to stay subdued amid an impending surge in new supply, sources told Fastmarkets MB."Regional demand is weak, so there is not enough room for everyone," a Vietnam-based trader said, referring to a string of new billet production capacity set to come...Read More