The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing...Read More
The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it...Read More
Ferroglobe has appointed Craig Arnold as its new chief commercial officer, effective immediately, in the second addition to its senior sales team this year of someone from a high-purity silicon background. "Mr. Arnold succeeds Jeff Watson, who chose to step down from his position to pursue other interests while being closer to his family in the United States," London-based Ferroglobe said on July...Read More
Total exports of non-ferrous scrap materials from the United States increased slightly month on month in May after the global economy started to reopen following Covid-19 pandemic-induced shutdowns.Non-ferrous exports totaled 206,857 tons in May, up by 1.4% from 204,044 tons in April but down by 23.3% from 269,571 tons in May 2019.Year-to-date volumes have fallen by 13.4% compared with January-May...Read More
Cypress Development's Clayton Valley lithium project in Nevada is on track to be a potential world-class source of lithium for the global electric vehicle marketLithium has become a critical component of our modern age and is used in rechargeable lithium-ion batteries for a range of electronics, including mobile phones, laptops, cameras, and hundreds of other devices.Furthermore, lithium-ion batte...Read More
The U.S. is fertile ground for a variety of minerals, and Canadian companies are active throughout the country. The Northern Miner presents its top 10 list of the biggest Canada-based firms with substantial assets in the U.S., by market capitalization, as of July 24.1. Barrick GoldMarket cap: US$50 billionBarrick Gold's Cortez pit, looking north. Credit: Barrick Gold.Toronto-based Barrick Gold (T...Read More
Precious metal stocks can be great, albeit volatile investments to add to your portfolio. As a store of wealth, precious metals such as gold tend to rise along with market volatility. It’s no surprise then that gold is now trading at over US$1,850 per ounce. Gold now trades near the US$1,900-per-ounce level that it was a decade ago, when a deep-multi-year crash began. That crash left gold pr...Read More
Precious metals are on a tear. All you have to do is look at the iShares S&P Global Gold Index (TSX:XGD) versus the NASDAQ index to see how well precious metals are doing. The XGD is up over 100% since its March low of just over $10 a share. In contrast, the NASDAQ is up much less than that. Yet barely anyone is talking about precious metals. Furthermore, fundamentals are firmly on the si...Read More
Geologists study drill core at Endeavour's Hounde mine in Burkina Faso. Photo Credit: Endeavour Mining. Endeavour Mining (TSX: EDV) has announced an increase of 554,000 oz. of gold resources at its Hounde mine in Burkina Faso, located approximately 250 km southwest of the capital Ouagadougou.The updated mineral resources now stand at 74.6 million tonnes grading 1.85 grams gold per tonne for 4.45...Read More
The price of gold recently surged past US$1,840 per ounce, hitting a nine-year high and closing in on the 2011 record above US$1,900.Analysts widely expect gold to top US$2,000 in 2020. A run to US$2,500 might even occur. This has investors wondering which gold miners might be top picks to add gold exposure to their TFSA or RRSP portfolios.Recent rallyGold bulls definitely have momentum on their s...Read More
Marathon Gold geologists examining quartz-tourmaline-pyrite-VG veining at the Frank zone at Valentine Lake. Credit: Marathon Gold. Step-out drilling at Marathon Gold's Valentine gold project in Canada's Newfoundland province has extended the Berry zone to the northeast, to a drill-tested strike of 450 metres.The company's latest release includes the assays from 10 holes completed at the Berry a...Read More
Workers in the core shack at the Namdini gold project. Credit: Cardinal Resources. Australia-based Cardinal Resources (ASX, TSX: CDV) announced on Wednesday it has received an improved takeover offer from China's Shandong Gold.The new proposal from Shandong Gold follows a recent takeover bid launched by Russia's Nordgold, whose chairman is currently Cardinal's largest shareholder. The Russian min...Read More
Recessions are scary. It makes it even more so that this one is triggered by a contagious virus that affects the whole world. Further, no one knows how long the pandemic is going to affect the economy, our lives, and our livelihoods.Canada’s unemployment rate was higher than 12% last month. If you count the people who wanted to work but gave up looking and those who are working less than the...Read More
Pure Gold's Red Lake mine site. Image from Pure Gold Mining. Pure Gold Mining has received an amended air and noise permit for its mine in Red Lake, Ontario, which features a processing production limit of up to 1,089 tonnes per day.The amended environmental compliance approval specifies the air and noise limits for mining and milling operations at PureGold's site."Since first acquiring the proj...Read More
Workers at El Teniente, Chile. Image from Codelco. No large-scale industry operates in quite as far flung and remote locations as mining does, which increases the potential of the pandemic to significantly impact global metal and mineral supply chains.A new report by management consultants PwC says the global mining industry "managed to weather the first phase of the crisis relatively unscathed":...Read More
Bob Moriarty ArchivesJul 22, 2020Blackrockannounced the first drill results from their latest program at their 100% controlled Tonopah West silver project in Nevada.Hole TW20-001 showed two massive silver intercepts. The highest grade was the 2,198 g/t Ag over 3.04 meters.(Click on images to enlarge)Another layer that was the actual target of the drill hole reported 29 meters of 965 g/t Ag where i...Read More
Summa yesterday announced an C$8 million placement at $1 per unit, saying it was expected to include a lead order of $5 million from Sprott.He had joined the register in the company's first financing, a May $5 million placement at 25c per share."This financing represents another landmark for Summa Silver and we very much appreciate the strong and continued support from Mr Sprott," CEO Galen McNama...Read More
The deal is valued at up to C$48 million, comprising a payment of $7.4 million from Waterton for its interest and a $3.3 million refund for Karora's share of cash held within the Dumont joint venture for total payment of $10.7 million. The balance is made up from any future proceeds of a possible Dumont sale or other monetisation event for which Karora will be entitled to 15% of the net proceeds c...Read More
The COVID-19 podcast interviews are part of Mining Journal's Stakeholder Engagement programme, a 12-month campaign focused on helping the mining industry better understand and engage with key stakeholder groups. Find out more here."Miners tend to be dominant within a local economy so there's an opportunity to take leadership at a local level," he told Mining Journal as part of its Stakeholder...Read More
We learned from Scott Williamson, Managing Director of Blackstone Minerals (ASX: BSX), that they are looking to restart the past producing, high-grade Ban Phuc nickel mine, located at their, district-scale, Ta Khoa Project in Northern Vietnam. The Ta Khoa Nickel-Cu-PGE Project has existing modern mine infrastructure, built to International Standards, including a 450k tpa processing plant and permi...Read More