Key data from Fastmarkets' pricing session in Europe on Wednesday March 17. Key drivers Ferro-titanium suppliers are starting to enter negotiations with steelmakers for second-quarter delivery settlements. No prices have yet been discussed, only early stages of potential tonnages, trade sources say.Ferro-titanium producers are holding off on securing new deals for their intake of scrap and other...Read More
The mining industry is going through a seismic shift as factors such as reputational challenges, resistance to embracing new technology, an increased focus on sustainability and a lack of diversity are forcing mining organizations to adapt and evolve. The Covid-19 pandemic has amplified these challenges and primed the industry for change and growth.A new report by global executive search firm Odge...Read More
After acquiring the option to earn up to a 70% interest in the Berg property in central B.C. last December, Surge Copper (TSXV: SURG) has now updated a historic resource estimate for the porphyry deposit.Measured and indicated resources at the 348-sq.-km property now stand at 610 million tonnes in the measured and indicated category, grading 0.27% copper, 0.03% molybdenum and 3 grams silver per to...Read More
Permitting is a necessary evil in the mining business; drill pads, roads, trenching, water extraction - some countries require permits for literally every step of the exploration process, and to a certain extent, rightly so - although there is a happy medium somewhere between excessive bureaucracy and a sensible permitting regime. It's not something geologists enjoy, but we have to do it to get ou...Read More
Since its discovery in September 2020, the Koula deposit at Roxgold's (TSX: ROXG; US-OTC: ROGFF) Seguela gold project in Cote d'Ivoire, 240 km northwest of Yamoussoukro, has "blown all our expectations for the project out of the water" says the company's president and CEO John Dorward. "The latest drill results from the deposit continue to build our confidence that Koula has the potential to sig...Read More
A review of capital raisings for gold projects around the world between February 1, 2020 and February 28, 2021 conducted by The Northern Miner's sister company Mining Intelligence, has found that of the US$2.9 billion raised for gold projects in 41 countries, 75% went to projects in just five countries - Canada, Mexico, Australia, the United States and Chile. Of those, Canada received the lion's s...Read More
Denison Mines (TSX: DML; NYSE: DNN) is raising US$75 million for the "strategic acquisition" of physical uranium, an initiative the company expects to support the development of its 90%-owned Wheeler River uranium project in Saskatchewan's Athabasca Basin.Denison aims to accumulate about 2.5 million lb. of U3O8 as a long-term investment.The company said it expects the purchase will strengthen its...Read More
NASA's landing of the Perseverance rover right on target in the Jezero impact crater last month is both a remarkable achievement and a welcome diversion from the Covid-19 pandemic. The landing site is also of great interest to exploration geologists, of whom I am one of many. It is often said that when examining a particular geological feature, especially one from early in Earth's history, each of...Read More
The volume of Southeast Asian steel billet available to importers across Asia is on the rise following new capacity upgrades at key suppliers in Indonesia and Vietnam, sources told Fastmarkets.From the start of February until March 15, Fastmarkets heard of 23 sales of billet produced by blast furnace (BF) mills sold to buyers in China and Southeast Asia combined.Some 16 of these were heard to have...Read More
Surprising lack of info around where raw material will come fromRead full newsRead More
Hint of Irish luck?Read full newsRead More
February 18, 2021- New Gold Inc. ("New Gold" or the "Company") (TSX and NYSE American: NGD) provides its annual operational outlook for the New AftonRead full newsRead More
Investors now have until May 15 to bid on blocks that will be awarded to the winning companies by September 15.Read full newsRead More
March 16, 2021Peter Hawley, President and CEO of Fabled Silver Gold Corp. updates investors on the Santa Maria project. Touching base both on operations as w...Read full newsRead More
Transaction Anticipated to Close by End of March ~ VanGold MiningRead full newsRead More
The month of March was terrible last year. Stocks fell more than 30% within weeks amid recession fears. However, March 2021 is turning out to be way better. TSX stocks at large are up almost 5% so far this month. Interestingly, some high-growth names have notably fallen recently, which brings an excellent opportunity for long-term investors. If you were waiting for a market correction and have som...Read More
The TSX Index is abundant with cheap Canadian stocks that are still considerably off their all-time highs. In this piece, we’ll have a look at two of my favourites to buy on the latest bout of weakness.Top Canadian stocks worth buying on the dipWhile their share prices may have more downside, I still think they’re falling knives that are worth reaching out for ahead of what could be an...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 18 that are worth another look.Brazilian apparent steel consumption increased 24.5% year on year in February, while crude steel output grew 3.8% in the same comparison, according to figures from national steel association, A??o Brasil. ...Read More
Zinc's futures price showed the biggest fall among the base-metals complex at the close of trading on the London Metal Exchange on Thursday March 18, with consolidation in the complex continuing, while tin's price edged close to the $26,000 per tonne mark.Zinc was trading at $2,792 per tonne at the 5pm close on Thursday after being above the $2,800 per tonne mark for the past week. Its closing pri...Read More
London Metal Exchange nickel was the only metal to make small gains on Thursday March 18 morning, with the rest of the complex trading sideways following the US Federal Reserve's reiterated stance on interest rates on Wednesday evening."Fed Chair Jerome Powell said there's no need to react to climbing Treasury yields [with the 10-year notes yield hitting 1.73 on Thursday morning because] officials...Read More