Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade. Index futures responded to expectation of more government stimulus.Index futures were virtually unchanged following release of the December Empire State Manufacturing survey at 8:30 AM EST. Consensus was a slip to 6.00 from 6.30 in 6.30 in November. Actual was 4.90The Canadian Dollar add...Read More
China's hot-rolled coil prices declined for the second consecutive day on Tuesday December 15 after reaching a nine-year high on December 11, but trading activity has picked up, sources said.DomesticEastern China (Shanghai): 4,470-4,480 yuan ($683-685) per tonne, down 10-40 yuan per tonneOne Shanghai-based trader said she had won more deals on Tuesday than a day ago after cutting offers and that&n...Read More
China's domestic rebar prices stopped their downtrend on Tuesday December 15 amid higher activity following stronger futures. DomesticEastern China (Shanghai): 4,130-4,160 yuan ($631-635) per tonne, unchangedBuyers raised their procurement rates following the futures market gains, sources said.Construction work in eastern and southern China was reportedly active over the day, Fastmarkets was told,...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it...Read More
Belgian battery-materials manufacturer Umicore has upgraded its 2020 earnings guidance following a stronger-than-anticipated performance in November and December in its catalysis and recycling segments, the company said on Monday December 14. Umicore anticipates its full-year adjusted earnings before interest and taxes (Ebit) to be in the region of ?,?530 million ($644 million), compared with the...Read More
Stainless steel producer Outokumpu has upgraded its guidance for the fourth quarter of 2020 following better-than-expected sales, the Finnish company said on Tuesday December 15. With production facilities in Finland, Sweden, Germany, the UK, Mexico and the United States, and sales offices around the world, Outokumpu now expects its earnings before interest, taxes, depreciation, and amortization (...Read More
European ferro-silicon prices, which have been rallying since late October, will climb further near term and potentially challenge the annual peak of ?,?1,275 per tonne on tight supply both in Europe and non-EU countries and a gradual recovery in consumption, industry sources said.Fastmarkets last assessed the price for ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe at ?,?1,12...Read More
December 15, 2020 - Brixton Metals Corporation ("Brixton" or the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to provide its rock and soil geochemistry results summary from the 2020 season on its vast 2,594 square kilometer Thorn Cu-Au-Ag Project. A total of 1473 rock samples and 5588 soil samples were collected throughout the Thorn Project.Highlights from 2020 Rock and Soil...Read More
John Gorman (CNW Group/Canadian Nuclear Association)This week's episode features an interview with Canadian Nuclear Association (CNA) president and CEO John Gorman, who discusses how nuclear power will play a key role in reducing greenhouse gas emissions. John explains how the next generation of nuclear reactors, called small modular reactors (SMRs), will likely be used on mine sites and how Canad...Read More
The World Economic Forum (WEF) has completed the initial stage of a blockchain platform for tracking embedded greenhouse gas (GHG) emissions across the mining industry's value chain.The WEF's Mining and Metals Blockchain Initiative (MMBI) released a proof of concept called the Carbon Tracing Platform (COT) to help mining companies trace emissions from mine to final product, the WEF announced in a...Read More
Neo Lithium (TSXV: NLC; US-OTC: NTTHF) announced it has closed a strategic equity investment by EV battery maker Contemporary Amperex Technology Co. Ltd (CATL).CATL, which supplies lithium iron phosphate batteries to Tesla, announced earlier this year that it will make a sizeable investment in Neo Lithium and help the company develop its lithium projects in South America.As previously planned,...Read More
Gold miner Roxgold (TSX: ROXG; US-OTC: ROGFF) has released an updated resource estimate for its Seguela gold project in Cote d'Ivoire. The update features growth in the total ounce inventory, a 97% increase in the total indicated resources as well as an initial inferred resource for the Koula deposit.Indicated resources across the Antenna, Ancien, Agouti and Boulder deposits now total 12.8 million...Read More
Gold and silver producer Great Panther Mining (TSX: GPR; NYSE-AM: GPL) has tabled a mineral reserve and mineral resource (MRMR) update for its wholly owned Tucano open pit mine in Brazil. According to Rob Henderson, Great Panther's president and CEO, the update has successfully replaced this year's mining depletion at the site and added another year of mine life.The latest proven and probable rese...Read More
Energy Fuels (TSX: EFR; NYSE: UUUU) has entered into a three-year supply agreement with The Chemours Company to acquire a minimum of 2,500 tonnes per year of natural monazite sands, one of the highest-grade rare earth element (REE) minerals in the world.The company expects to process this monazite at its 100%-owned White Mesa mill starting in the first quarter of 2021, recover the contained uraniu...Read More
Australia's Resolute Mining (LSE: RSG; ASX: RSG) has agreed to sell its Bibiani gold mine in Ghana to China's Chifeng Jilong Gold Mining for US$105 million in cash.The Western Australia-based miner has received a US$5 million deposit upfront, with the remainder expected upon completion of the transaction, which is expected in March 2021.Resolute Mining acquired Bibiani in 2004, but placed it on c...Read More
The Dow Jones Industrial Average fell 0.57% to finish the trading week at 30,046.37 and the S&P 500 declined by 0.96% to 3,663.46. Spot gold dropped US$24.50 per oz., or 1.31%, to US$1,839 per oz.Seabridge Gold fell by US61 ? to US$17.37 per share. Seabridge announced it had successfully raised US$115.7 million, more than enough to fund the acquisition of Pretium Resources' Snowfield property i...Read More
The S&P/TSX Composite Index rose 0.16% to 17,548.92 during the Dec. 7-11 trading week. The S&P/TSX Global Mining Index fell 0.08% to 99.28, and the S&P/TSX Global Base Metals Index dropped 1.80% to 133.42. Spot gold fell US$24.50 per oz. (1.31%) to US$1,839.50 per oz., and the S&P/TSX Global Gold Index declined by 0.55% to 310.88.Moneta Porcupine Mines jumped 12 ? to 25.5 ? per share. The company...Read More
FPX Nickel Corp. is pleased to provide a year-end review of the CRead full newsRead More
Grande Portage Resources (GPG) has hit promising early results, while testing new...Read full newsRead More