Teck Resources and Asian smelters have agreed to cut annual lead concentrate treatment charges (TCs) by 28% in 2018 supply contracts, sources with knowledge of the deals told Metal Bulletin.The deals bring lead concentrate TCs, fees paid to smelters for the costs of processing concentrates into metal, down to $99 per tonne from $138 per tonne last year. Market sources also noted a drop in containe...Read More
Workers at Cobre Panama, the only major copper mine scheduled to come onstream in 2018, have gone on strike, operator First Quantum said on Wednesday March 14."A small number of personnel and their outside union leadership" downed tools on Friday last week, according to a company statement.Although the dominant union is not involved in the strike, development can only be carried out in two of the...Read More
Base metals prices on the London Metal Exchange were on divergent paths at the close on Wednesday March 14, with copper leading the gains. The three-month zinc price was the worst affected today because prices were over 2% lower at the close - fresh deliveries into LME-listed warehouses in New Orleans put pressure on prices. "Zinc is down on account of another 10,000 tonne increase in LME stock ho...Read More
Jericho Oil (JCO.V) has reported a preliminary result from the first well drilled on its Blaine county acreage, in a joint venture with the private partner and private equity backed Staghorn Petroleum.The first well was targeting the Meramec formation using a horizontal well with a length of 1 mile and immediately hit the sweet spot. The initial flow rate in the first 24 hours was approximately 95...Read More
Miners will usually shout about a project's resource potential and only down the track will processing come into the investment pitch. Velocity Minerals (CN:VCL) has gone the other way; finding a mine in Bulgaria with apparently strong processing but poor mining operations.The hills are alive (with the sound of a Land Cruiser): Velocity's partner Gorubso's projects are all in the same area...Read More
Teck Resources and Asian smelters have agreed to cut annual lead concentrate treatment charges (TCs) by 28% in 2018 supply contracts, sources with knowledge of the deals told Metal Bulletin.The deals bring lead concentrate TCs, fees paid to smelters for the costs of processing concentrates into metal, down to $99 per tonne from $138 per tonne last year. Market sources also noted a drop in containe...Read More
Sanction by Health Canada more than triples Aphria Inc.'s (TSX:APH) production capacity of medical cannabis from 9,000 kg to 30,000 kg annuallySmallCapPower | March 14, 2018: Aphria Inc. (TSX:APH) announced on Tuesday the receipt of a license amendment from Health Canada, providing Aphria with additional production space of 200,000 square feet, as part of its Part III expansion at its facility in...Read More
Workers at Cobre Panama, the only major copper mine scheduled to come onstream in 2018, have gone on strike, operator First Quantum said on Wednesday March 14."A small number of personnel and their outside union leadership" downed tools on Friday last week, according to a company statement.Although the dominant union is not involved in the strike, development can only be carried out in two of the...Read More
Torex Gold's ELG Mine Complex in southwest Mexico. Source: Torex Gold Resources Inc."With 80% of production expected to come from the El Limon pit area, the company is running out of ore," Scotiabank analyst Trevor Turnbull said in a report. "If the current situation persists, it is inevitable that mill feed will run out within weeks unless employees can return in full force or the company receive...Read More
Conducting a gravity survey at Belmont's Kibby Basin lithium project in Nevada. Source: Belmont Resources Inc.The survey covered most of Belmont's Kibby Basin, Nevada claims and included the playa basin area as well as some of the adjoining higher level lands.Belmont's consulting geologist Robert Cuffney from Reno, Nevada will finalize and map drill hole locations and process the applications for...Read More
Weakening demand for rebar in the Turkish domestic and export markets has kept Turkish steel producers out of the deep-sea scrap markets, sources said on Wednesday March 14.Turkish steel producers paused their deep-sea scrap purchases after the Section 232 import tariffs were officially signed into effect in the United States, adding a 25% import duty on all steel product imports, exempting only C...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop Pancontinental Gold (TSXV: PUC) Announces Exploration Plans for Its Strategic Nickel-Copper-Cobalt Project and Arranges Financing Toronto, Ontario - March 14, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Pancontinental Gold Corporation (T...Read More
Our ancestors weren't nice people. They kept slaves, looked forward to wars and sent people to concentration camps. It is easy to dismiss them as moral retards, but that would be setting the bar way too low. Slavery is bad, war is violence, and sending people to concentration camps isn't very nice. Blacks, Jews, and foreigners are not ambiguous classes of people, and violence is unambiguously wron...Read More
Speculators Throw the TowelOver the past several years we have seen a few amazing moves in futures positioning in a number of commodities, such as e.g. in crude oil, where the by far largest speculative long positions in history have been amassed. Over the past year it was silver's turn. In April 2017, large speculators had built up a record net long position of more than 103,000 contracts in silv...Read More
The US Commodity Futures Trading Commission (CFTC) is reassessing its approach to formulation, implementing and enforcing its regulations, the chairman of the regulatory body said. The regulator is committed to "right-sizing" the CFTC's regulatory footprint following years of expansive Dodd-Frank rule writing, J Christopher Giancarlo told delegates at the 43rd annual Futures Industry Association (...Read More
Comex copper prices hit a multi-week high in Wednesday morning trading in the United States after the publication of positive Chinese data.Copper for May settlement on the Comex division of the New York Mercantile Exchange climbed 4.7 cents or 1.5% to trade recently at $3.1850 per lb Earlier this morning, China's industrial production grew 7.2% year on year in January-February 2018, a full percent...Read More
CloseGain/LossGold $1325.20-$0.60Silver$16.55-$0.02XAU79.79+0.11%HUI174.19-0.04%GDM607.88+0.17%JSE Gold1077.28-12.85USD89.74UNCHEuro123.67-0.23Yen94.14+0.26Oil$60.96+$0.2510-Year2.817%-0.030T-Bond145.875+0.71875Dow24758.12-1.00%Nasdaq7496.81-0.19%S&P2749.48-0.57% The Metals: Gold gained $4.30 to $1330.10 in Asia before it fell back to $1321.60 in midmorning New York trade...Read More
By Ira EpsteinGold and silver trending slightly lower.https://www.iraepstein.com/ Read More
Base metals prices on the London Metal Exchange are for the most part consolidating this morning, Wednesday March 14, although copper and lead prices are showing gains of 0.5% and 0.3% respectively, with the former at $6,984 per tonne.Volume has been average with 7,085 lots traded as of 07.06am London time. This follows a day when most prices rebounded on Tuesday, with the complex closing up by an...Read More