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Strategy swings end in tears

July 23, 2020 / www.mining-journal.com

Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesNew Energy Minerals and PepinNini Minerals are examples of junior mining companies coming unstuck after abandoning p...Read More

US copper scrap discounts, brass scrap tags up

July 24, 2020 / www.metalbulletin.com

Demand for copper scrap material in the United States remained lackluster this week; the market is not short on copper scrap, sources said, noting that pressured overseas markets have weighed further on already weak domestic demand."There's severe pressure on the consumer market overseas," a consumer said. "Our end markets aren't valuable enough."Fastmarkets' assessment of the discount for copper...Read More

Monarch hits high-grade gold at McKenzie Break

July 23, 2020 / www.northernminer.com

Monarch Gold (TSX: MQR) has reported high-grade drill results from the central part of its wholly-owned McKenzie Break gold project, 35 km north of Val-d'Or, Quebec.Highlights from the drill program include drill hole 20-255, which intersected 14 metres grading 13.95 grams gold per tonne starting from 301 metres downhole, including 0.5 metre grading 311 grams gold, 1 metre grading 25.4 grams gold,...Read More

Teck delays QB2 expansion in Chile

July 23, 2020 / www.northernminer.com

Teck Resources (TSX: TECK.B; NYSE: TECK), Canada's largest diversified miner, could see its Quebrada Blanca Phase 2 (QB2) expansion project in Chile delayed by up to six months due to Covid-19.Delivering results for the second-quarter, in which Teck recorded a $149-million loss, the Vancouver-based miner said all its mines across Canada, the United States, Chile and Peru had continued operating.Co...Read More

Top 10 US-based mining companies

July 24, 2020 / www.northernminer.com

Mining in the United States has been ongoing for centuries and has played a role in the country's development over the years. The Northern Miner presents its annual Top-10 listing of the largest U.S.-based mining companies, which are ranked by market capitalization, as of July 24, 2020.1. NewmontMarket cap: US$53.6 billionThe Kalgoorlie Super Pit gold mine, adjacent to the city of Kalgoorlie-Bould...Read More

Roxgold drills more high grades at Seguela

July 23, 2020 / www.northernminer.com

Four drill rigs at Roxgold's TSX: ROXG; US-OTC: ROGFF) Sequela gold project in Cote d'Ivoire continue to return high-grade results at both Ancien and Antenna North, the company reports.Assay highlights from Ancien, which lies within 6 km of the project's Antenna deposit, came from drill hole SGRD732, which returned 14 metres grading 13.3 grams gold per tonne from 71 metres, including 4 metres of 2...Read More

First Cobalt pushes ahead with refinery expansion plan

July 23, 2020 / www.northernminer.com

First Cobalt (TSXV: FCC) is moving directly into an expansion scenario for its permitted cobalt refinery in Ontario after conducting a detailed engineering study on the facility.The company said on July 22 that the plan could save millions of dollars by lowering operating costs through pilot plant work at third-party facilities. Financing discussions for the project are now entering the next phase...Read More

Tesla pitches 'giant contract' to nickel miners

July 24, 2020 / www.northernminer.com

Tesla boss Elon Musk is asking miners to produce more nickel, a key ingredient in the batteries that power his company's electric cars, and has offered a "giant contract for a long period of time" to any firm able to extract it in an efficient, environmentally sustainable manner.Musk noted on a second-quarter earnings call that the high price of batteries continues to be one of the main hurdles fo...Read More

Musk Promises 'Giant Contract' for Efficiently Mined #Nickel

July 23, 2020 / ca.finance.yahoo.com

(Bloomberg) -- Elon Musk has a plea for mining companies: "Please mine more nickel.""Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way," said Musk, chief executive officer of the electric-carmaker, during a second-quarterRead full newsRead More

RT @GPPOil_Gas: Oilfield service sector expected to get leaner, more efficient - Midland Reporter-Telegram

July 23, 2020 / bit.ly

A very different-looking oilfield service sector is expected to emerge from the aftermath of the COVID-19 pandemic and ultra-low commodity prices.Read full newsRead More

RT @Ben_Mussa: China Says It Will Have Covid-19 Vaccine Ready This Year - WSJ

July 23, 2020 / www.wsj.com

China's state-owned Sinopharm, one of the first Chinese projects to start testing its Covid-19 vaccine candidates overseas, said it would have a vaccine ready for the public before the end of the year.Read full newsRead More

China's oil port congestion to stretch on as record imports strain facilities | Article [AMP] | Reuters

July 23, 2020 / www.reuters.com

Congestion at China's east coast oil ports that is adding to costs for shippers and importers is likely to run well into August, with crude shipments set to hit another record high this month, according to analysts and Refinitiv data.Read full newsRead More

As Oil Busts, It's A 'Five-Alarm Fire' For North Dakota's Frackers

July 23, 2020 / www.forbes.com

North Dakota's oil production fell four times faster than the national average between January and May, according to new data. New Mexico's production also plummeted in May.Read full newsRead More

Wall Street Is Throwing Billions at Once-Shunned Gold Miners

July 23, 2020 / dlvr.it

A year ago, you couldn't get Wall Street to touch most gold miners' stocks. Today, it's throwing billions at the industry.Read full newsRead More

RT @Fission3Corp: Fission 3.0 Announces Private Placement.

July 23, 2020 / www.fission3corp.com

The latest company news releases.Read full newsRead More

4 RRSP Stocks to Buy for Canada's Double-Dip Recession

July 24, 2020 / www.fool.ca

You’re a veteran investor with years of experience. You’ve seen prime ministers and presidents come and go. You’ve seen recessions and rallies. Your portfolio had been ticking along nicely, balanced across a spread of Canada’s strongest industries and top blue-chip businesses. But then along came 2020. Suddenly, the world was turned on its head. How do you manage that portf...Read More

3 Smart TSX Stocks to Invest $300 Into Right Now

July 24, 2020 / www.fool.ca

Canadian broader markets have soared almost 45% after hitting record lows in March. Interestingly, this rally post-COVID-19 crash was not all-inclusive. Some TSX stocks are still trading below their fair values and offer decent upside potential. So, if you are sitting on some cash, consider these three TSX stocks trading at a notable discount.goeasygoeasy (TSX:GSY) is a $750 million consumer lendi...Read More

Knockout week for gold price, silver price, what's next? Weekly rundown

July 22, 2020 / www.kitco.com

Jul 24, 2020 It's been a historic week for gold and silver prices. Gold rallied close to nine-year highs, approaching its all-time high of $1,920 an ounce. Silver has also been firing an all cylinders, breaching $23 an ounce this week as it traded near six and a half year highs.Kitco's senior analyst Jim Wyckoff believes that gold's record high is now finally within reach and more gains are likely...Read More

Forget the gold price, copper was most profitable covid-19 trade

July 24, 2020 / www.mining.com

We needed a hero and we got one. Image of Captain Copper, superhero created to teach kids about the metal, courtesy of Chile state miner Codelco The gold price is approaching all-time highs above $1,900 an ounce. Investors are showering gold ETFs with money, which, if ever redeemed for physical bullion, would suck up the output of all the world's gold mines for more than a year.The copper pric...Read More

All the Big Guns Are Betting Big on Gold

July 21, 2020 / www.outsiderclub.com

Gold is within spitting distance of all-time highs, about $100 per ounce shy of $1,920 and change.With the strong rise over the past year, especially after the coronavirus lockdowns kicked in, some investors may be feeling a bit hesitant.Don't be. Don't just listen to me though. Some of the biggest names in the market are lining up behind a surge that will leave the all-time high far behind.From t...Read More

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