"We are thrilled to announce Tom Albanese as #MJSelect Chair! Tom will be sharing his expertise on the 'Reflections on the Market'Albanese is the former CEO of @VedantaLimited and @RioTinto and is currently the Director of #FrancoNevada and Chairman of @NevadaCopper #MJS"Read full newsRead More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, May 13 (Reuters) - Lead prices sank to the lowest innearly three years on Monday on worries that industrial metalsdemand would suffer from renewed U.S.-Chinese trade tensions.Aluminium saw the lightest losses after reports of reducedsupply of raw material alumina from China.Metals slid along with other financial marke...Read More
Already legal in 30 states, the tide is turning for medical marijuana.It seems like everyone is looking for a way to make money from the legal marijuana boom...But many don't want to roll the dice and risk their hard-earned money on a penny stock, or spend hours learning how to buy shares of a grower on some Canadian exchange.But there is good news.Marijuana profit-sharing plans are here, and one...Read More
Canada Cobalt Works (TSXV: CCW) announced that it added approximately 4,800 hectares to its Castle mine land package, which means that it more than doubled the total size of the site to some 7,800 hectares.In a press release, the British Columbia-based miner said that the additional contiguous ground is to the north and northeast and that, of the total, 4,200 hectares were acquired in a deal with...Read More
Alba Minerals (TSX-V:AA) announced that it entered into an agreement with Journey Exploration to acquire all of its issued and outstanding share capital.The logic behind the buyout is that Journey holds a 100% interest in five prospective vanadium and uranium properties in Colorado and Utah.Yellow Circle mine workings. Photo by Alba Minerals.According to Alba, the projects are in and adjacent to t...Read More
Alba Minerals (TSX-V:AA) announced that it entered into an agreement with Journey Exploration to acquire all of its issued and outstanding share capital.The logic behind the buyout is that Journey holds a 100% interest in five prospective vanadium and uranium properties in Colorado and Utah.Yellow Circle mine workings. Photo by Alba Minerals.According to Alba, the projects are in and adjacent to t...Read More
"Gold edged up as tensions rose when US President Donald Trump hiked tariffs on Chinese goods during trade talks between the two power countries. https://t.co/UYAoJMGnxz #Investing #Resource #Gold"Read full newsRead More
Gold has been stuck in neutral despite a plethora of geopolitical developments that would typically push the precious metal higher.Apparently, it will take an actual "event" to impact gold sentiment, though any objective investor would agree the odds of such an event have risen dramatically over the past few weeks.I continue to recommend American investors have a small to medium position...Read More
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