Nevada Gold Mines. Image from Barrick. Barrick Gold's (NYSE:GOLD) (TSX:ABX) Nevada Gold Mines (NGM), established one year ago Wednesday, posted an exceptional performance in its first 12 months of operation, CEO Mark Bristow said in a media statement Wednesday. Barrick, the world's second-largest gold miner, operates NGM - the world's largest gold mining complex - and owns 61.5% of the business, w...Read More

Publisher's Note: Today we're bringing you an excerpt from The Dines Letter.Few have navigated the market as expertly or with such breadth as Mr. James Dines. Even in this time of great uncertainty, his insight and guidance have proven as strong as ever, especially regarding precious metals.Read on to learn from Mr. Dines yourself.Call it like you see it,Nick HodgeDo not all you can; spend not all...Read More

Argonaut Gold's El Castillo gold mine in Mexico. (Image courtesy of Argonaut Gold) Argonaut Gold (TSX: AR) and Alio Gold (TSX: ALO) have completed their previously announced business combination to create a diversified precious metals producer with output of over 235,000 gold-equivalent ounces annually.The combined entity will have a North America-focused mining portfolio that includes the El Cas...Read More

Eagle gold mine, Yukon. Image courtesy of Victoria Gold Corp. Toronto-based Victoria Gold (TSXV: GCX) has joined the ranks of Canadian gold producers by declaring commercial production at its Eagle gold mine in the Yukon territory on Wednesday.The Eagle gold mine is part of Victoria Gold's Dublin Gulch property, located approximately 375 kms north of Whitehorse. The Eagle and Olive deposits combi...Read More

Nouveau Monde has received C$1.5 million in repayable funding from the Canada federal government to help it optimize its process to manufacture spherical graphite. The company announced it had successfully commissioned a demonstration plant to produce spherical graphite from natural flake graphite in February.Nouveau Monde will use the funds to acquire, adapt and install state-of-the-art equipment...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 1 that are worth another look.Brazilian iron ore pellet producer Samarco is on schedule to resume operations by the end of 2020 despite health and safety measures taken to prevent Covid-19 from spreading among workers, the company told Fastmarkets on July 1.Industry associations up and down the steel and metals supply chain...Read More

Tariffs on low-carbon aluminium imports into the European Union should be eliminated to help power the region's Covid-19 recovery package and climate transition strategy, according to the chairman of En+ Group. Warning against the widespread use of high-carbon metals, Lord Gregory Barker said the removal of tariffs would be an urgent measure that can help European manufacturers grow a global marke...Read More

Bob Moriarty ArchivesJul 1, 2020In February when I was writing about Irving I put in some pictures of rocks from Irving that Quinton sent me. I polished them and had a jeweler friend make buckles out of them.(Click on images to enlarge)I did the polishing. Maurice put up the gold. I am way too cheap to be buying gold buckles for him.I’ve known Quinton for over a dozen years now. He’s s...Read More

Tin premiums in the United States and Europe were subject to pressure in the two weeks to Wednesday July 1, with a wide backwardation in the metal's forward curve on the London Metal Exchange limiting business while a narrowing arbitrage window to import tin into China supported current levels. Covid-19 resurgence hinders US marketRenewed spot interest fails to stop falling Rotterdam premiumStrong...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 1 that are worth another look.Brazilian iron ore pellet producer Samarco is on schedule to resume operations by the end of 2020 despite health and safety measures taken to prevent Covid-19 from spreading among workers, the company told Fastmarkets on July 1.Industry associations up and down the steel and metals supply chain...Read More

The company describes its project as in the Bullfrog mine area, where Barrick Gold had produced 2.3 million ounces between 1989-1999, and said its claims included the northern third of the Bullfrog deposit."The new holes along with existing holes in the MH [Mystery Hill] area now provide much closer hole spacings that better define all resource classifications within a potential expansion of the B...Read More

McIntosh has been Rio's group executive of growth & innovation and health, safety & and environment since 2016.He joined Rio as an exploration geophysicist in 1987 and led the exploration team from 2011 to 2016, joining the executive committee in 2016.McIntosh has been the most public member of Rio's senior leadership team, regularly giving interviews and speaking at industry events.Most r...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 1 that are worth another look.Brazilian iron ore pellet producer Samarco is on schedule to resume operations by the end of 2020 despite health and safety measures taken to prevent Covid-19 from spreading among workers, the company told Fastmarkets on July 1.Industry associations up and down the steel and metals supply chain...Read More

The Toronto-based company reduced full-year opex per ounce and all-in sustaining costs to between US$410-$430/oz and $790-$810/oz, respectively, from the previous guidance of $450-$470/oz andRead More

Zinc concentrate treatment charges rose from an 18-month low in June 2020, with market shorts facing less of a rush to cover positions on the spot market.Fastmarkets' price assessment for zinc spot concentrate TC, cif China, was $160-180 per tonne on Friday June 26, up from $155-170 per tonne at the end of May.Spot supply of concentrates remained limited to just a few mines, predominantly in Austr...Read More

Industrial metal demand and energies demand will be much higher than the second quarter. World will never be in lockdown mode for the rest of the year. Cities, localities, districts may be locked down but never a nation. Demand for metals and energies will be there. Pace of demand will vary each month in every nation. Human have to live with COVID. Wearing mask and other precautions need to be t...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday July 1.Key drivers Persistently quiet trading activity in recent weeks has seen lower offer prices in the past week, with suppliers and buyers making tentative inquiries amid uncertain near term demand. All markets are now back at levels last seen in January 2017. Industry talk centers on cheaper offer prices from China into Europe,...Read More

Spot availability for cobalt hydroxide remained tight in late June, with many suppliers sold out for July cargoes and taking time to gauge how much material they will be able to offer in August amid shipment uncertainties from South Africa, sources told Fastmarkets this week.Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China stood at 65-67% on Wednesday July 1, unchanged since...Read More

An overview of the minor metals markets and the reasons for their latest price moves.Read More

Turkish steel producers have resumed their deep-sea scrap purchases for August shipments after achieving lower prices, sources said on Wednesday July 1.A steel mill in the Iskenderun region booked a US cargo, comprising 16,000 tonnes of HMS 1&2 (80:20) at $256 per tonne, 6,000 tonnes of shredded at $261 per tonne and 8,000 tonnes of plate and structural scrap (P&S) at $266 per tonne cfr. The cargo...Read More