Recent News

First Glencore, now Norilsk calling into question recent estimates on Indonesian HPAL #nickel plants. New report an...

November 21, 2018 / twitter.com

"First Glencore, now Norilsk calling into question recent estimates on Indonesian HPAL #nickel plants. New report an absolute must-read for all market participants (scroll to bottom) https://t.co/NP2KMmxRqL"Read full newsRead More

Macquarie and @woodmackenzie skeptics on cost and pace of new HPAL builds in Indonesia. Doubts cast on plans for de...

November 21, 2018 / twitter.com

"Macquarie and @woodmackenzie skeptics on cost and pace of new HPAL builds in Indonesia. Doubts cast on plans for deluge of new #nickel supply https://t.co/o1xAMTRkD7"Read full newsRead More

Zinc market enters period of peak tightness: Andy Home

November 21, 2018 / www.mining.com

* LME Zinc price, spreads and stocksLONDON - The London zinc market is experiencing unprecedented tightness this week.As of Monday's close, the London Metal Exchange's (LME) benchmark cash-to-three-months spread CMZN0-3 was valued at a backwardation of $97 per tonne.The cash premium is now higher than the last spike in October 2017 with the only historical comparison the years 2006-2007, when LME...Read More

IDM expands Red Mountain program with third drill

November 21, 2018 / www.mining.com

IDM Mining (TSXV: IDM; US-OTC: IDMMF) has added a third underground drill at its Red Mountain underground gold-silver project, east of Stewart, British Columbia. The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.With its 2018 drilling, the company is testing various zones at Red Mountain including the northern and western extensions of the...Read More

Osisko cuts 84 g/t over 5.3 metres at Windfall Lake

November 21, 2018 / www.mining.com

QUEBEC - They don't call it "Windfall" Lake for nothing. The latest windfall from the property was made by Osisko Mining of Toronto. Drilling returned 83.9 g/t gold over 5.3 metres - an almost unheard of length for such a high grade.And that's not all. The same hole, OSK-W-18-1731 in the Lynx zone, also returned 89.3 g/t gold over 2.4 metres.Other holes were almost as promising: OSK-W-18-1728-W1 r...Read More

Excellent interview with Macquarie's estimable Jim Lennon on #nickel - putting an end to the notion of class 1 vs c...

November 14, 2018 / twitter.com

"Excellent interview with Macquarie's estimable Jim Lennon on #nickel - putting an end to the notion of class 1 vs class 2 price bifurcationhttps://t.co/8s5Z9UcdUA"Read full newsRead More

Brazilian judge instructs Vale to halt operations at its Ona Puma #nickel mine until it meets certain environmenta...

November 19, 2018 / twitter.com

"Brazilian judge instructs Vale to halt operations at its Ona Puma #nickel mine until it meets certain environmental requirements https://t.co/vy01Mt9QeZ"Read full newsRead More

Gold To Move Higher In 2019, But Don't Expect Fireworks - Metals Focus

November 13, 2018 / www.kitco.com

(Kitco News)- Gold prices are expected to quietly move higher through therest of the year into 2019, butone of the world’s top precious metals consultancyfirms said investors shouldn’t expect to see fireworks as there currently isn’tan urgency for diversification.In a recent interview with Kitco News, Philip Newman,director and founding partner of Metals Focus, said that although...Read More

Sherritt International sees jump in nickel production and profit

November 12, 2018 / www.mining.com

Sherritt International, (TSE: S) has released its 2018 Q3 report, and the numbers are up, thanks to the success of the company's Moa joint venture (JV) with the Cuban Government.Sherritt specializes in mining and refining of nickel and cobalt from lateritic ores, and the company also has projects and operations in Canada and Madagascar. The average-reference price for nickel improved 26% from las...Read More

Uranium industry could be close to tipping point, Purepoint says

November 05, 2018 / www.northernminer.com

In one of the few exploration projects it is funding next year, Cameco Corporation (TSX: CCO; NYSE: CCJ) and its joint-venture partners Orano Canada and Purepoint Uranium (TSXV: PTU) are planning a 36 km ground electro-magnetic survey and 6,000 metres of diamond drilling at their Hook Lake uranium project in Saskatchewan.Cameco owns 39.5% of the project in the province's Patterson uranium district...Read More

Silver To Surprise With A Rally By Year-End - Analyst

November 08, 2018 / www.kitco.com

(Kitco News) - Silver is looking to outperform gold for the rest of the year, according to one gold bull, who is seeing strength in the precious metal that has struggled this year.“With gold/silver ratio close to its all-time high, silver is poised to surprise, to the upside, most investors into year-end,” Metal Bulletin precious metals analyst Boris Mikanikrezai wrote in a Seeking Alp...Read More

Regulus spin-out Aldebaran Resources starts trading

November 02, 2018 / www.northernminer.com

Regulus Resources (TSXV: REG) spin-out Aldebaran Resources (TSXV: ALDE) debuted on the Toronto Venture Exchange at 90 before tumbling to 59 in mid-afternoon trading.Aldebaran shares the same core management team as Regulus Resources and is focused on projects in Argentina.The recently formed junior explorer's primary focus will be the Altar copper-gold project, a large porphyry system in Argenti...Read More

Striking workers block access to Gold Fields South Africa mine

November 03, 2018 / www.mining.com

Striking workers at Gold Fields have blocked access to the company's South Deep mine in South Africa and are intimidating other employees, spokesman Sven Lunsche said.A small team of workers is only able to perform essential services like pumping water from the mine, Lunsche said Saturday by phone. The strike, involving more than 3,000 workers, started Friday afternoon to protest the gold miner's...Read More

Canada Cobalt shares jump nearly 12% after hitting high grades at Castle mine

November 02, 2018 / www.mining.com

Canada Cobalt Works (TSXV: CCW) (OTC: CCWOF) announced today that underground drilling on the first level of the northern Ontario Castle mine, specifically targeting cobalt for the first time at this historic silver producer, has returned high-grade cobalt, nickel and silver grades.Highlights: "These cobalt grades are very high in a global context and demonstrate the unique opportunity at the Cast...Read More

Positive Implications for Gold Miners if Crude Oil Breaks Down

November 04, 2018 / news.goldseek.com

By Gary TanashianIt's an over obsessed upon commodity, previously hyped for its (Hubbert's) peak status by experts like T Boone Pickens and a whole clown show of promoters amplified by the media at the time.Now WTI Crude Oil has reached a thick resistance zone (as managed in NFTRH for the last couple of years) and may be breaking down from a peak of a whole other kind. Here is the monthly chart w...Read More

Sumitomo lowers #nickel output forecast at Ambatovy. But HPAL will be much cheaper and easier when the Chinese atte...

November 01, 2018 / twitter.com

"Sumitomo lowers #nickel output forecast at Ambatovy. But HPAL will be much cheaper and easier when the Chinese attempt it. Right? @BaseMetals @AndyHomeMetals @jfarchy @mburtonmetals@humenm https://t.co/rYsr6St4lF"Read full newsRead More

Glencore pushing back on recent lazy analyst & media reports predicting new low-cost Chinese HPAL plants. A must-re...

November 01, 2018 / twitter.com

"Glencore pushing back on recent lazy analyst & media reports predicting new low-cost Chinese HPAL plants. A must-read for #nickel market participants https://t.co/YfyK1vl1Im"Read full newsRead More

Site visit: Group Eleven develops massive zinc-lead projects in Ireland

November 01, 2018 / www.northernminer.com

DUBLIN, IRELAND - Ireland hosts two prospective horizons for zinc-lead mineralization: the Waulsortian limestone zone, and the deeper Pale Beds, also known as the Navan Beds.Group Eleven Resources (TSXV: ZNG) was sure to emphasize this point during a site visit to three of its zinc-lead projects in Ireland.The Navan Beds are named after the prolific Navan deposit, which feeds New Boliden's (STO: B...Read More

Pure Gold: Insider Buying And A Few Catalysts On The Horizon

November 01, 2018 / seekingalpha.com

Pure Gold is developing its Madsen gold project in the Red Lake gold camp in Ontario, Canada.In my opinion, there are a few catalysts on the horizon that could end a 2.5-year consolidation period the company's shares have been trading.This year two insiders bought large share stakes in the company. Pure Gold (OTCPK:LRTNF) is an exploration company developing the Madsen gold project in Ontario,...Read More

Canada Revenue Agency appeals Cameco tax ruling

October 29, 2018 / www.northernminer.com

Late last month the Tax Court of Canada ruled in favour of Cameco (TSX: CCO; NYSE: CCJ) in the company's decade-long dispute with the Canada Revenue Agency over tax reassessments for the 2003, 2005 and 2006 tax years.Now the CRA says it plans to appeal the decision with the Federal Court of Appeal, a process Cameco estimates would take about two years.Decisions of the Federal Court of Appeal can b...Read More