COLORADO SPRINGS, June 19, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced it has begun constructing its Isabella Pearl open pit heap leach gold project (Project) located in Mineral County, Nevada. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Comp...Read More
VANCOUVER , June 19, 2018 /CNW/ - Northern Vertex Mining Corp. (NEE.V) (OTC-Nasdaq Intl.: NHVCF) (the "Company" or "Northern Vertex") is pleased to announce the Company continues to meet or exceed the design expectations of the NI 43-101 Technical Report - Feasibility Study issued on July 13, 2015 for Northern Vertex's Moss Mine, located in NW Arizona. Kenneth Berry , President and CEO, stated:...Read More
- Own a "bit of gold" as we are moving ever closer to a trade war- Global stock markets fall and main China index down sharp 3.8% at a two-year low- Investors are starting to worry that Trump is deadly serious about a trade warby John Stepek of Money WeekThe Chinese stock market took a hit today.The Shanghai Composite Index ended the session down 3.8% to close at a two-year low, notes Bloomb...Read More
CloseGain/LossGold $1275.50-$2.90Silver$16.30-$0.14XAU81.67-0.86%HUI176.86-0.55%GDM616.26-0.70%JSE Gold1071.97+7.06USD95.04+0.25Euro115.84-0.37Yen91.07+0.50Oil$65.07-$0.7810-Year2.890%-0.030T-Bond145.125+0.71875Dow24700.21-1.15%Nasdaq7725.59-0.28%S&P2762.57-0.40% The Metals: Gold gained $5.60 to $1284.00 in Asia before it fell back to $1270.60 in London, but it then bounc...Read More
The latest metal markets news and price moves to start the North American day on Tuesday June 19. Base metals on the London Metal Exchange were broadly lower during morning trading after escalated trade tensions between the United States and China, as well as a surging dollar index, pile pressure on the complex.Nickel prices recorded the sharpest drop of the complex, falling more than 2% to a...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday June 19.Base metals prices on the Shanghai Futures Exchange were all down during Asian morning trading on Tuesday, with concerns of a full-blown trade war between the United States and China denting market sentiment and inducing a wave of selling across the complex.Check Metal Bulletin...Read More
Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Democratic Republic of Congo (DRC). Now it's being singled out as a beacon of commitment to efforts by state-run mining company G?(C)camines to restructure its mining sector. Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Dem...Read More
SHANGHAI, Jun 19 (SMM) – Nonferrous metals futures dipped across the board on Tuesday June 19 with SHFE copper leading losses and closing over 3.4% lower. Aluminium slumped over 2.8%, zinc fell nearly 2.4%, tin lost almost 2%, and nickel went down nearly 1.8%. Lead inched down.The ferrousc complex also plunged. Iron ore dived 4.6%, coke and coking coal lost some 4%, and rebar and hot-ro...Read More
SHANGHAI, Jun 19 (SMM) – China imported 48,500 mt, in lithium carbonate equivalent, of lithium raw materials in the first quarter of the year, up 4% from the fourth quarter of 2017 and 147% from the same period last year, SMM learned. Increased imports of run-of-mine lithium ore accounted for the year on year surge. Among the total imported lithium raw materials...Read More
Base metals on the London Metal Exchange ended trading broadly lower on Tuesday June 19, lead by a 2.2% drop in aluminium prices while nickel and zinc's three-month prices dipped 2.1%. Pressured by a surging US dollar index, which reached a fresh 2018 high of 95.30, the base metals complex traded lower throughout the day.Aluminium's three-month price recorded the largest drop of the day, shedding...Read More
Iron ore prices fell in both the physical and paper markets on Tuesday June 19 amid threats of a new round of tariffs by the United States on Chinese imports.Metal Bulletin 62% Fe Iron Ore Index: $66.45 per tonne cfr Qingdao, down by $2.04 per tonneMetal Bulletin 58% Fe Premium Index: $53.62 per tonne cfr Qingdao, down by $0.57 per tonneMetal Bulletin 65% Fe Iron Ore Index: $86.80 per tonne cfr Qi...Read More
There was little movement in the seaborne coking coal market on Tuesday June 19 with both buyers and sellers remaining on the sidelines.China's coke sector - which has been under strict production restrictions since early this year due to the Chinese government making an aggressive push toward cutting emissions - remains a major determining factor for price movements in the coking coal market."End...Read More
"Your typical prophecy preacher book writer/nut job knows SQUAT about economics and probably cannot make the..."Editor's Note: We have been keeping up with the 2018 prediction of Global Economic Collapse that Marshall predicts will happen July 20, - 27, 2018, most likely the 20th or 27th as Marshall explains (those days are Fridays and there is significance in the day of the week according to Mars...Read More
Peter KrauthI'm excited about silver.Now let me first say I know what happened to the price of silver over the last week. The precious metal is down 2%, and that's after the Fed rate hike is finally out of the way.I also know the U.S. Dollar Index (DXY) is up over that same time. In fact, it jumped some 150 basis points, driven by both the rate hike and weakness in the euro.But remember, gold tend...Read More
SRK Consulting (South Africa) partner and principal consultant, Andrew van Zyl says a local review of eight recent gold-sector transactions showed a price per reserve-ounce ranged from R835/oz to R84,200/oz - adjusted for the prevailing gold price - and the price per reserve and resource ounce ranged from R36 to R3,679.van Zyl said the market approach was based on comparative transactions within t...Read More
SHANGHAI, Jun 19 (SMM) – Nonferrous metals futures dipped across the board on Tuesday June 19 with SHFE copper leading losses and closing over 3.4% lower. Aluminium slumped over 2.8%, zinc fell nearly 2.4%, tin lost almost 2%, and nickel went down nearly 1.8%. Lead inched down.The ferrousc complex also plunged. Iron ore dived 4.6%, coke and coking coal lost some 4%, and rebar and hot-ro...Read More
Local media reported he died June 18 at the age of 94 in the Hospital Samaritano in southern Rio de Janeiro.Vale noted he was the first person to hold the role of president from 1961 to 1964 when the company was known as Companhia Vale do Rio Doce and he was only 36.In 1962, Batista signed Vale's first long-term contracts with 10 Japanese steel mills to supply 50 million tonnes of iron ore over a...Read More
He is a former executive vice president of corporate development and CFO of Goldcorp from 2016-2017. Prior to joining Goldcorp in 2013, he had the same roles at Newmont Mining, where he worked for 19 years.Ball currently serves on the boards of Trevali, Columbus Gold and Allegiant Gold.Read More
SHANGHAI, Jun 19 (SMM) – Some 2,935 mt of copper scrap imports received the green light in the 14th batch of approvals for restricted solid scrap imports, which was released on Tuesday June 19 by the solid waste management centre of China's Ministry of Ecology and Environment.Four companies involved in copper scrap imports made it to the approved list in this round. Two ar...Read More
Arizona's shares hit an all-time high of C$6.14, just shy of the $6.20 offer price agreed with South32.Around the globe miners had a better start to the week after Friday's circa-4% slump by many diversified majors, as trade war fears haven't worsened. In London, Rio Tinto (LSE: RIO) and Anglo American (LSE: AAL) both enjoyed a slight gain yesterday of 0.91%.In Australian trade though, BHP (A...Read More