Investing.com - Gold prices pushed higher on Monday boosted by the softer dollar and in escalation in trade tensions between the U.S. and China, which underpinned safe haven demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange rose $8.00 or 0.6% to $1,335.3 a troy ounce by 04:39 AM ET (08:39 AM GMT).China announced Monday that it is...Read More
Among the highlights, Orca intercepted 123m at 1.96g/t gold and 50m at 3.05g/t.The company had upped the project's resource in January to an indicated 3.05 million ounces of gold and has a feasibility study due out in May."Although the drill database had to be cut off at the end of 2017 for the purposes of our feasibility study, we are confident that ongoing drilling this year will materially incr...Read More
Apr 2 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of March 30&31, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------ --------- SHORT TERM RATINGS: ------------------- Aarnav Industries Pvt LtdST Bk FacCARE A3+100Reaffirmed Adani (NS:APSE) Agrifresh LtdST Bk FacCARE A3100Reaffirmed Aishwarya...Read More
Byrne and Archibald are confident of unearthing opportunities in the market - possibly among "underserved" juniors needing to augment existing deposits or resources.Read More
Last week index score: 28.01 (updated)This week: 42.63Zinc One Resources (TSXV:Z) received the first results from drilling at its Bongar?? zinc mine project in north-central Peru.NuLegacy Gold (TSXV: NUG) said late winter storms deposited as much as three feet of snow on parts of its Red Hill property in the Cortez gold trend of Nevada, USA.Prospero Silver (TSXV: PSL) announced the results of the...Read More
Appian founder and general partner Michael Scherb is now one of eight Harte Gold directors. Harte president and CEO Stephen Roman said the major shareholder's appointee founded Appian six years ago and oversaw the fund and its investment strategy."We appreciate the contributions Michael and the Appian team have made to accelerate the development of Harte Gold," Roman said."We have made tremendous...Read More
SHANGHAI, Apr 3 (SMM) – Nonferrous metals saw mixed trading today. SHFE zinc fell 1.2%, lead slid over 1%, nickel dipped, while aluminium gained 1.6%. Copper and tin inched up.Most ferrous metals fell. Iron ore lost 1.6%, coking coal and hot-rolled coil edged down slightly, while rebar and coke closed a bit higher.Copper: The SHFE 1805 contract traded rangebound around moving avera...Read More
The new resource at Mowana is 75 million tonnes at 1.15% Cu for 861,000 tonnes of contained copper, a 6% increase on the previous model.Read More
According to Eagle Mountain, a two-year microscopy study of 39 rock samples suggests the Silver Mountain area has been affected by multiple mineralising events, with the study also highlighting consistent styles of mineralisation across the Pacific Horizon and Scarlett prospects.Read More
SHANGHAI, Apr 3 (SMM) – The copper spot market in Shanghai saw brisk transactions on Tuesday April 3 as premiums were offered at 30-100 yuan/mt against the SHFE 1804 contract. This compared with a discount of 110-40 yuan/mt on Monday April 2. Sellers took control of the market, while traders and downstream consumers were keen to stock for the Qingming Festival holiday, SMM learned.Standard-q...Read More
SHANGHAI, Apr 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rebounded to 90 following the release of upbeat economic data.SHFE metals saw mixed trading overnight with aluminium rising over 1%. Copper and tin inched up, while others edged down slightly.China’s Caixin/Markit manufacturing purchasing manag...Read More
Listen to Mining Journal and its partners discuss the findings of Mining Journal's Global Finance ReportRegister NowResearch lead Chris Cann will run through the headline findings of the report including a critical review of mining's key global stock exchanges and how they compare; the results of our comprehensive investor sentiment survey; and the conclusions drawn from interviews, surveys and da...Read More
SHANGHAI, Apr 3 (SMM) –Copper: After it was closed for two days, LME copper climbed up after it opened today. SHFE copper mostly traded above the 10-day moving average, with support at the five- and 10-day moving averages overnight. We see it trading at 50,100-50,600 yuan/mt with spot premiums at 0-50 yuan/mt today.Aluminium: As LME aluminium opened higher, we expect it to rise and test...Read More
It said in a statement that the operation had been suspended since the leak detection on March 29 so that it could carry out a full inspection of the 500km pipeline that carries iron ore in slurry form from the mine to the export terminal in Rio de Janeiro. Read More
First gold was poured on time and on budget after a A$200 million, 11-month construction phase.The milestone comes five-and-a-half years since Dacian listed on the ASX."The attributes which have enabled us to arrive at this very significant occasion are the same attributes that will drive our ramp-up and ongoing growth strategy," Dacian executive chairman Rohan Williams said. "We started work...Read More
However, CEO Mark Bristow said Randgold's group outlook for 2018 remained within the guidance of 1.3-1.35 million ounces.Randgold confirmed the intermittent industrial action Tuesday, although gave no reason for it.It added that Tongon continued to process ore from the run-of-mine and scats stockpiles.It said the subcontractor was negotiating to resolve the issue, with the minister of mines, senio...Read More
The idea was part of a formal proposal submitted to the Ministry of Mines to address concerns about the revised mining code and the government's search for new revenue. Read More
Kin Mining NL (ASX: KIN) is an emerging gold development company with a significant tenement portfolio in Western Australia's North-Eastern Goldfields. Kin's Board and management team expect to grow shareholder value in the near and mid-term with the development of the Leonora Gold Project (LGP) and continued exploration success.The LGP is near the heart of the Leonora/Laverton belt, a highly pros...Read More
Kin Mining NL (ASX: KIN) is pleased to provide an update on the Leonora Gold Project and corporate activities. Construction at the Leonora Gold Project (LGP) is well underway, with foundations for the CIL tanks and milling structures commenced. Foundations for the workshop are already complete with the workshop currently being erected.Highlights:• Construction has commenced with tank construc...Read More