Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! In December 2018, Highland Gold Mining Limited (LON:HGM) released its most recent earnings announceme...Read full newsRead More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) will invest $50 million into expanding its 80%-owned Fekola mine in southwestern Mali, which would allow the operation to churn out 5 million ounces of gold over the new mine life of 12 years.Average annual gold output would increase to more than 550,000 ounces from 2020 - 2024, and to over 400,000 ounces during the remaining seven years.The p...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) will invest $50 million into expanding its 80%-owned Fekola mine in southwestern Mali, which would allow the operation to churn out 5 million ounces of gold over the new mine life of 12 years.Average annual gold output would increase to more than 550,000 ounces from 2020 - 2024, and to over 400,000 ounces during the remaining seven years.The p...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) will invest $50 million into expanding its 80%-owned Fekola mine in southwestern Mali, which would allow the operation to churn out 5 million ounces of gold over the new mine life of 12 years.Average annual gold output would increase to more than 550,000 ounces from 2020 - 2024, and to over 400,000 ounces during the remaining seven years.The p...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK Canadian Insider Index began with some weakness but held the 1101-1102 level three times during the week before rebounding on Friday to close at 1108.84, for a modest 1.1 point loss. MACD improved nearly 2 points to -2 while RSI gained 5.8 points or 19.7% to 35.24. RSI hit a low...Read More
When Equinox Gold (TSXV: EQX; US-OTC: EQXFF) was formed in December 2017 as a three-way merger of Trek Mining, Newcastle Gold and Anfield Gold, it launched with a development asset in Brazil, a couple of non-core assets elsewhere in South America and Mexico, a small gold deposit in British Columbia, and the Castle Mountain gold project in California.Today, the junior has one asset in production, a...Read More
Here are five Fastmarkets MB stories you might have missed on Friday May 10 that are worth another look.Primary aluminium foundry alloy premiums in Europe were steady on Friday May 10 in a quiet market, while bearish sentiment from the automobile industry continued to cap premiums. The premium for silicon 7 aluminium wheel alloys over London Metal Exchange cash prices delivered to the Ruhr region...Read More
Steel billet prices were largely stable in most regions in the week ended Friday May 10, with many market sources expecting prices to fall in the near term because of declining scrap prices and weak buying interest.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap was $289.83 per tonne cfr Turkey on May 10, down from $296.04 per tonne cfr Turkey on May 3.Turkey, EgyptTurkis...Read More
The Brucutu iron ore mine from Brazilian company Vale is currently operating on dry stacking at less than a third of its capacity, the miner's chief financial officer Luciano Siani said in an earnings conference call on Friday May 10."We are currently producing [at a rate of] a little less than 10 million tonnes [per year] at Brucutu," the executive stated. The mine has an output capacity of aroun...Read More
German industrial conglomerate ThyssenKrupp is planning to cut 6,000 jobs over the next three years, including 2,000 jobs in its steel business, chief executive officer Guido Kerkhoff said in a conference call on Friday May 10.ThyssenKrupp remains open to consolidation opportunities for its European steel business, which will be reintegrated into the parent company, following news of the European...Read More
Brazilian diversified miner Vale reported a net loss of $1.64 billion in the first quarter of 2019 due to provisions made after a disaster at a tailings dam at Brumadinho, in the country's southeastern state of Minas Gerais.This compares with a net profit of $1.59 billion in the same period a year earlier, Vale said on Thursday May 9.The miner was forced to halt several mining operations after a t...Read More
Steel billet prices were largely stable in most regions in the week ended Friday May 10, with many market sources expecting prices to fall in the near term because of declining scrap prices and weak buying interest.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap was $289.83 per tonne cfr Turkey on May 10, down from $296.04 per tonne cfr Turkey on May 3.Turkey, EgyptTurkis...Read More
Here are five Fastmarkets MB stories you might have missed on Friday May 10 that are worth another look.Primary aluminium foundry alloy premiums in Europe were steady on Friday May 10 in a quiet market, while bearish sentiment from the automobile industry continued to cap premiums. The premium for silicon 7 aluminium wheel alloys over London Metal Exchange cash prices delivered to the Ruhr region...Read More
The temporary truce on tariffs between China and the United States could be over, injecting a new round of uncertainty into the global financial markets and suspending hopes that a resolution to the countries' trade impasse was likely.US President Donald Trump has threatened to raise the tariff on $200 billion-worth of Chinese imports to 25% from 10% by Friday May 10. He also said that the US may...Read More
Low-grade manganese ore prices have held relatively steady since rebounding from this year's lows in January, when market participants toned down fears of oversupply in the alloy market. Normally volatile low-grade manganese ore prices have held relatively steady since rebounding from this year's lows in January, after which market participants toned down fears of oversupply in the alloy market. F...Read More
When the London Metal Exchange amended its policies related to its physical delivery network a few years ago, it overlooked one key thing. The issue centers on LME's linked load-in/load-out (LILO) rule, which operates by linking the amount of metal a warehouse loads in to the amount it is obligated to load out for warehouses that have queues of over 50 days.The rule changes were part of package of...Read More
Here are five Fastmarkets MB stories you might have missed on Friday May 10 that are worth another look.Primary aluminium foundry alloy premiums in Europe were steady on Friday May 10 in a quiet market, while bearish sentiment from the automobile industry continued to cap premiums. The premium for silicon 7 aluminium wheel alloys over London Metal Exchange cash prices delivered to the Ruhr region...Read More
Brian Paes-Braga is a Vancouver financier and entrepreneur, known for his notable work in founding and developing the lithium resource company, Lithium X. The company raised roughly $50 million and just two years after going public was sold to NextView New Energy Lion Hong Kong Limited for $265 million in March 2018.Today, Brian Paes-Braga serves as Principal, Head of Merchant Banking at SAF Group...Read More
Sandstorm Gold (TSX:SSL)(NYSE:SAND) isn’t your everyday mining company. In fact, it doesn’t own any mines at all.Instead, Sandstorm lends money to mining companies in exchange for future production. This model is called metals streaming.The metals streaming business gives Sandstorm direct upside to a mine’s success while protecting Sandstorm from major losses.For years, Sandstor...Read More
Brian Paes-Braga is a Vancouver financier and entrepreneur, known for his notable work in founding and developing the lithium resource company, Lithium X. The company raised roughly $50 million and just two years after going public was sold to NextView New Energy Lion Hong Kong Limited for $265 million in March 2018.Today, Brian Paes-Braga serves as Principal, Head of Merchant Banking at SAF Group...Read More