Perseus Mining (ASX,TSX:PRU) announced that that the ramp-up of operations at its Sissingu?(C) gold mine in northern Cote d'Ivoire has been completed ahead of schedule and the mine has now entered commercial production.Sissingu?(C) is located southeast of the 7Moz Morila gold mine and northwest of the 4.3Moz Tongon deposit. It is estimated to produce 358,000 ounces over the 5-year life of mine, in...Read More
Silver Bear Resources (TSX:SBR) announced that construction of its Mangazeisky project in Russia is almost done and that plans to go forward with a first silver production early in the second quarter of 2018 are on track. Mangazeisky is located 400 km north of Yakutsk, in the eastern Republic of Sakha, and covers an area of approximately 570 square kilometres. The property includes the high-grade...Read More
Lupaka Gold Inc. (TSX-V: LPK) has been completing the necessary steps to achieve commercial production at its wholly-owned Invicta Gold project in Peru, located 120 km north of Lima by road. Recently, I had the opportunity to re-visit the mine site to see how work is progressing towards production.It is at this point in the life span of a mining company where institutional investors typically in...Read More
Contrarian investors are constantly searching for unloved stocks that could be on the verge of a recovery.Let's take a look at Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) and Cameco Corp. (TSX:CCO)(NYSE:CCJ) to see if one is attractive right now.BarrickA massive debt load and falling gold prices nearly killed Barrick a few years ago, but the company managed to pull off an impressive turnaround, and the...Read More
As the TSX continues to struggle this year, investors are left looking for safe options to invest in. However, many industries have been hit hard and have seen significant sell-offs happen in just the first three months of the year.There are many factors that could be blamed for the turmoil, and that makes it all the more difficult to predict when we might see the markets stabilize. We saw the TSX...Read More
Lupaka Gold Inc. (TSX-V: LPK) has been completing the necessary steps to achieve commercial production at its wholly-owned Invicta Gold project in Peru, located 120 km north of Lima by road. Recently, I had the opportunity to re-visit the mine site to see how work is progressing towards production.It is at this point in the life span of a mining company where institutional investors typically in...Read More
Copper price premiums in Shanghai rose to a 17-month high with market participants hoping for declining import costs following a cut in value-added tax (VAT), market sources told Metal Bulletin on Wednesday April 4.On Wednesday, the premium for copper cathodes on a cif basis rose by $3 to $78 per tonne, the highest level since October 31, 2016, according to Metal Bulletin assessments.The adjustmen...Read More
Base metals prices on the London Metal Exchange dropped throughout the day on Wednesday April 4, with sentiment remaining low after US-China trade tensions escalated. The majority of the complex ended the LME kerb session lower, with only aluminium posting a slight increase of 0.6%. LME copper prices have been volatile, trading within a $200 per tonne window but cutting losses to...Read More
China will cut value-added tax (VAT) on all imported goods by 1 percentage point, 5.9%, effective from May 1, the Finance Ministry and State Administration of Taxation said in a filing late on Wednesday April 4. China currently applies two VAT rates for different products; 17% for almost all products and 11% for some products, including agriculture. The rates will be...Read More
I've been writing about the rising consumer debt delinquency and default rates for a few months. The "officially tabulated" mainstream b.s. reports are not picking up the numbers, but the large credit card issuers (like Capital One) and auto debt issuers (like Santander Consumer USA) have been showing a dramatic rise in troubled credit card and auto debt loans for several quarters, especially in...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob ChinaEurope- APT, cif Rotterdam- Ferro-tungsten, in-warehouse Rotterdam...Read More
Last month, Medallion Resources (MDL.V) announced it successfully completed additional test work aiming at producing a cerium-depleted REE concentrate. This is a major step forward for the company as the low-value cerium was dragging down the total value per kilogram of REE concentrate.Now the new test results and flow sheet have indicated it is indeed possible to substantially reduce the cerium c...Read More
In a comprehensive interview with Andrea Hotter in the April 2018 issue of Metal Market Magazine, Norilsk Nickel chairman Gareth Penny gave his predictions for electric and hybrid vehicle growth and how the company will move to maximize the value of its products. As the electrification of the global economy continues to increase demand for the metals that Norilsk produces, particularly nickel and...Read More
Wallbridge Mining Company Limited (TSX:WM), a resource junior, glistered after announcing agreements to deliver 10,870 ounces of goldSean Mason | April 4, 2018 | SmallCapPowerA multi-million-dollar gold delivery agreement propelled shares of a resource junior Wednesday. Here's some small stocks making big moves on Wednesday, April 4, 2018 (as of 4 pm EST):Wallbridge Mining Company Limited (TSX:...Read More
Drill-testing for gold in Ghana, West Africa. Source: Cardinal Resources Ltd.Cardinal Resources Ltd. [CDV-TSX, ASX; CRDNF-OTC] on Wednesday April 4 released an update in relation to Stage 1 appraisal programs over four exploration licenses in Ghana, West Africa.The first three exploration licenses are titled Bongo, Kungongo, and Ndongo. All three are located within the company's Bolgatanga Project...Read More
Up Cannabis Inc., a wholly-owned subsidiary of Newstrike Resources Ltd. (TSXV:HIP), has obtained a producer's license to cultivate in its 160,000 sq. ft. greenhouse facility in NiagaraSmallCapPower | April 4, 2018: Newstrike Resources Ltd. (TSXV:HIP) Monday announced that its wholly-owned subsidiary and licensed producer of cannabis, Up Cannabis Inc., has obtained a producer's license to cultivate...Read More
The Chinese charge chrome index, spot ferro-chrome prices and the UG2 index all slipped on Friday March 30, following lower-than-expected April tender prices from major Chinese stainless steel mills, while ferro-chrome prices in the European and US markets were stable. Major stainless steel mills' April ferro-chrome tender prices lower Chinese charge chrome, spot ferro-chrome prices and UG2...Read More
Location map of the New Age Metals River Valley PGM Project near Sudbury, Ontario. Source: New Age Metals Inc.New Age Metals Inc. [NAM-TSXV; PAWEF-OTCQB] has signed a binding letter of intent with Avalon Development Corp., a company that is expected to provide acquisition and geological services to New Age Metals in Alaska.The services to be provided are as follows:Provide New Age with its extensi...Read More
Shares in Eldorado Gold Corp. rose by as much as 14 per cent on Wednesday after it announced that an arbitration panel had ruled in its favour in its dispute with the Greek government over its Madem Lakkos metallurgical plant.The panel rejected allegations that a technical study was deficient and was in violation of a transfer contract and the environmental terms of the project, the Canadian min...Read More
The Canadian healthcare stocks on our list have surged 177% on average over the past three months while the TSX has slumpedSmallCapPower | April 4, 2018: The Canadian healthcare sector is struggling, with the S&P/TSX Capped Healthcare Index declining 14% over the past three months while the Dow Jones Healthcare Index decreased 4%. In contrast, the TSX is down 8% while the Dow Jones has eased 5...Read More