Nearly 2,000 Zambian villagers have the right to sue mining company Vedanta in the English courts, London's Supreme Court said on Wednesday, raising the prospect other companies could face legal action in England related to their activities abroad.India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, appealed a lower-court ruling that a case in which vil...Read More
Benchmark Metals Inc. (TSXV: BNCH)'s stock jumped at the open after the company released additional assay results from its Lawyer's gold and silver project. Investor reaction to these results was felt early, pushing Benchmark shares up over 10% for a market capitalization of over $8 million.The Lawyer's project is located in the Toodoggone Mineral District, on the eastern extent of the Stikine Ter...Read More
Benchmark Metals Inc. (TSXV: BNCH)'s stock jumped at the open after the company released additional assay results from its Lawyer's gold and silver project. Investor reaction to these results was felt early, pushing Benchmark shares up over 10% for a market capitalization of over $8 million.The Lawyer's project is located in the Toodoggone Mineral District, on the eastern extent of the Stikine Ter...Read More
Benchmark Metals Inc. (TSXV: BNCH)'s stock jumped at the open after the company released additional assay results from its Lawyer's gold and silver project. Investor reaction to these results was felt early, pushing Benchmark shares up over 10% for a market capitalization of over $8 million.The Lawyer's project is located in the Toodoggone Mineral District, on the eastern extent of the Stikine Ter...Read More
Azerbaijan's leading gold mining company, Anglo Asian Mining, said on Wednesday its gold output rose five percent in the first quarter of 2019 to 17,245 ounces.London-listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which the company holds 51 percent.The company said its total production of gold-equivalent ounces (GEO), which includes oth...Read More
Azerbaijan's leading gold mining company, Anglo Asian Mining, said on Wednesday its gold output rose five percent in the first quarter of 2019 to 17,245 ounces.London-listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which the company holds 51 percent.The company said its total production of gold-equivalent ounces (GEO), which includes oth...Read More
Australian rare earths miner Lynas Corp (ASX: LYC) said Wednesday its board has rejected a A$1.5bn (about $1.1B) takeover proposal from Australian retail and industrial conglomerate Wesfarmers.Lynas, one of the world's main suppliers of rare earths outside China, said the offer undervalued the company's "intellectual property." The miner also said it could deliver better shareholder value in its c...Read More
The CPI rose more than expected last monthDow Jones Industrial Average (DJI) futures are trading modestly above fair value ahead of a busy day on Wall Street. Inflation data has already been released, with the consumer price index (CPI) rising 0.4% in March -- the biggest jump since January 2018.Congressional testimony from several big bank bosses, including JPMorgan Chase (JPM) CEO Jamie Dimon an...Read More
Canada's First Vanadium (TSX-V: FVAN) has published indicated mineral resources for its Nevada-based Carlin project, considered the largest, highest grade primary vanadium deposit in North America.The company, which in March more than doubled the size of the vanadium property from 1,331 acres to 3,177 acres, said Carlin's maiden resource has far exceeded expectations and will provide a base for a...Read More
Carube Copper (TSXV: CUC) announced this week that it acquired a 100% interest in 300 mineral claims covering the Stewart Brook gold project area in Guysborough County, Nova Scotia.The claims were acquired through staking directly from the government, cover 46 square kilometers and are located along strike of Atlantic Gold's Cochrane Hill deposit. Three historical gold districts are within 5 kilom...Read More
Carube Copper (TSXV: CUC) announced this week that it acquired a 100% interest in 300 mineral claims covering the Stewart Brook gold project area in Guysborough County, Nova Scotia.The claims were acquired through staking directly from the government, cover 46 square kilometers and are located along strike of Atlantic Gold's Cochrane Hill deposit. Three historical gold districts are within 5 kilom...Read More
Carube Copper (TSXV: CUC) announced this week that it acquired a 100% interest in 300 mineral claims covering the Stewart Brook gold project area in Guysborough County, Nova Scotia.The claims were acquired through staking directly from the government, cover 46 square kilometers and are located along strike of Atlantic Gold's Cochrane Hill deposit. Three historical gold districts are within 5 kilom...Read More
"The copper and silver mineralization is in sandstone and shale, and is especially concentrated where these rocks contain layers of carbon in the form of fossilized plant fragments"Aurania Resources (TSXV: ARU) reported finding high-grade copper and silver over an area measuring six kilometres by three kilometres in the Kirus target area of the Lost Cities - Cutucu project in southeastern Ecuador....Read More
"The copper and silver mineralization is in sandstone and shale, and is especially concentrated where these rocks contain layers of carbon in the form of fossilized plant fragments"Aurania Resources (TSXV: ARU) reported finding high-grade copper and silver over an area measuring six kilometres by three kilometres in the Kirus target area of the Lost Cities - Cutucu project in southeastern Ecuador....Read More
(Updates with closing prices)By Peter HobsonLONDON, April 10 (Reuters) - Zinc touched a two-week low onWednesday on concerns that Chinese smelters will ramp up output,but prices were supported by a shortage of immediately availablematerial on the London Metal Exchange (LME).Benchmark zinc on the LME closed 0.4 percent up at$2,873 a tonne after slipping to $2,842, its lowest since March26.Deficits...Read More
It is the perceived value of the gold that drives its price.There is a "finite" amount of gold available at any given point in time.With a relatively static supply and growing demand, what are the main factors that drive the price of gold?By Scott Bauer At a Glance With more than 3,000 metric tons mined in 2018, gold prices are still moved by supply. How much depends on several other fac...Read More
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Gold _ Silver Spot Gold shorts at 1301/03 stopped above 1305 to target 1308/09 then minor resistance at 1312/13. A break above 1314 is a buy signal initially targeting 1319/20.Good support at 1303/01 but below 1299 risks a slide to minor support at 1294/92. Important support at 1284/82. Longs need stops below 1279. Silver topped exactly at our selling opportunity at 1532/35 with stops above 1540....Read More
Ecuador-focused miner SolGold (LON, TSX:SOLG) said drilling at its Cascabel copper-gold project in the country's north has revealed previously unknown mineralization, further increasing the size of one of the biggest copper discoveries of recent years.Together with the high-grade find, over 1.5% copper equivalent, the company has also detected mineralization within the inferred resource area at t...Read More
Ecuador-focused miner SolGold (LON, TSX:SOLG) said drilling at its Cascabel copper-gold project in the country's north has revealed previously unknown mineralization, further increasing the size of one of the biggest copper discoveries of recent years.Together with the high-grade find, over 1.5% copper equivalent, the company has also detected mineralization within the inferred resource area at t...Read More