Shares in Ecuador-focused miner SolGold (LON:SOLG) (TSX:SOLG) received a fresh boost on Monday, after it said it had found "strongly mineralized" extensions at its 85%-owned Cascabel copper-gold project, 180 km north of the country's capital Quito.The discoveries, the Australian miner said, are predicted to significantly increase Cascabel's high-grade resource tonnage. The project, located on th...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK CIN began last week with a spirited run and indeed broke higher as I posited in my prior blog. However, the Index hit a solid wall of resistance at 1294.31, (a mere two points above the upper Bollinger band) and cascaded downwards just as US markets went into correction mode. The...Read More
Kinross is the eighth National Mining Association member company to complete each step of the process.Read full newsRead More
It's not quite time to run up the red flags, but some recent developments in commodity markets suggest it may be time to start looking for them in the locker.The are two main factors that appear to be emerging that may threaten an end to the current quite rosy picture surrounding demand for commodities such as iron ore, steel and the metals most exposed to the battery boom, cobalt, lithium and nic...Read More
Prices in the global billet markets started to slip in the week ended Friday March 23 amid growing negative sentiment caused by expectations of change after the introduction of protective tariffs against imported steel in the United States following the investigation under Section 232.Additionally, US President Donald Trump unveiled plans for fresh trade sanctions against China on Thursday, which...Read More
This product isclassified as 'very high risk' in nature due to its location and geopoliticalsituation of the region. FinFeed advises that extra caution should be takenwhen deciding whether to engage in this product, however if you are not surewhether it is suitable for you we suggest you seek independent financialadvice.West Africa-focused goldexplorer, Cora Gold (LON:CORA), hasupdated the market...Read More
Reedy LagoonCorporation Limited (ASX:RLC) today provided an update on lithium drilling atits wholly-owned Columbus Salt Marsh Project in Nevada, USA. Extensive volcanicash deposits have been intersected in the current drill hole, indicatingprospectivity for lithium, while the presence of brine has been confirmed inaquifer above the Target Zone. The ColumbusSalt Marsh Lithium Brine Project is one...Read More
ASX gold explorer, Stonewall ResourcesLimited (ASX:SWJ), this morning updated the market regarding ongoing work atits TGME gold project in South Africa, reporting strong progress.The current diamond drilling program at the Theta Hill prospect has targeted shallow open-cutresources. This phase of drilling is expected to be completed in late April, witha second diamond rig expected to arrive on site...Read More
Prices in the global billet markets started to slip in the week ended Friday March 23 amid growing negative sentiment caused by expectations of change after the introduction of protective tariffs against imported steel in the United States following the investigation under Section 232.Additionally, US President Donald Trump unveiled plans for fresh trade sanctions against China on Thursday, which...Read More
When it comes to gold stocks, the first names that tend to come to mind are the large players: Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) and Goldcorp Inc. (TSX:G)(NYSE:GG). Yet they haven't done well; their stocks are still substantially lower than they were five years ago. Barrick Gold is ~40% lower, and Goldcorp is ~45% lower.What about from a year ago? Barrick Gold is ~38% lower, and Goldcorp is...Read More
The operator of the Loviisa nuclear power plant in Finland has demonstrated a strong commitment to safety, an expert team from the International Atomic Energy Agency (IAEA) has concluded. However, the mission made recommendations to Fortum to reinforce some safety measures.Loviisa units 1 and 2 (Image: Fortum)An Operational Safety Review Team (OSART) on 22 March completed an 18-day mission to the...Read More
Barakah Unit 1 to load fuel in May: Korean energy ministryReactor is Arab world's first; Saudis also want atomic plantsUnits 1 and 2 of the Barakah nuclear energy plant site.Source: Arun Girija/ENECThe United Arab Emirates, with help from Korea Electric Power Corp., finished building the Arab world’s first commercial nuclear reactor, a milestone in the oil-rich U.A.E.’s effort to cur...Read More
London-based metals merchant Concord Resources is eyeing opportunities brought about by resource nationalism and protectionism, after announcing results that show how the company's rapid expansion accelerated through 2017. Concord tripled its net profit after tax, bringing in $20.73 million over 2017 - its second full trading year - representing a 23.9% gross return on average equity. Annuall...Read More
Base metals prices on the London Metal Exchange mostly closed in positive territory on Monday March 26, with copper the only exception. After a morning of price dips across the complex, the majority of metals found support throughout the day from the weaker the weaker dollar. The dollar index hit a low of 89.02. "The dollar is weak once again which helped prices pick up throughout the day. But cop...Read More
Galvanizers in Europe are largely resistant to volatile and rising zinc prices, senior executives in the industry said at the Metal Bulletin Zinc and its Markets Seminar in London.Continuous and batch galvanizing processes are able to pass the higher costs of zinc onto their customers for a range of reasons, the executives said on March 23.For continuous galvanizing, where steel sheets are process...Read More
It feels like were at the point in the "correction" cycle in which the mining stocks are reluctantly going lower. I also believe that aggressive hedge funds looking to buy at this level are trying to push the stocks down in early trading in order to induce remaining weak hands to sell in their bids. Tuesday (March 20th) is a perfect example. Several of the stocks I own were hammered early and then...Read More
The spot gold price shot up to a five-week high earlier today just above US$1,250 an ounce over trade war concerns, with gold equities benefitting accordingly.Staff reporterGold price rises on trade war fears26 MARCH 201826/03/2018commentsshareThe gold price has risen about $20/oz since Thursday when US president Donald Trump signed a presidential memorandum that could impose tariffs on Chinese im...Read More
Price losses have deepened in the Chinese ferro-silicon spot market as restarted production increasingly weighs on supplier sentiment, although demand from the magnesium market is giving some support. China market weakness persists... ...but Mg sector demand stems price losses Europe eases with lower offer pricesUS suppliers cut prices amid competition Renewed supply drags down Ch...Read More
Chinese charge chrome and spot ferro-chrome slipped slightly on Friday March 23 in anticipation of lower Chinese ferro-chrome tender prices for April, while tightening supply pushed up US prices. Chinese charge chrome and spot ferro-chrome prices fall US high-carbon ferro-chrome quotations rise South Korea and Japan anticipate softening markets Stability reigns on European ferro...Read More
London-based metals merchant Concord Resources is eyeing opportunities brought about by resource nationalism and protectionism, after announcing results that show how the company's rapid expansion accelerated through 2017. Concord tripled its net profit after tax, bringing in $20.73 million over 2017 - its second full trading year - representing a 23.9% gross return on average equity. Annuall...Read More