Aluminium scrap prices in the United States were mostly steady this past week, but overseas demand for some grades lent support to rising prices, sources told Fastmarkets. "Right now there's [a cat and mouse game] where domestic primary and secondary mills are trying to keep a happy balance between keeping some level of scrap flowing and not [becoming long on product] as finished product sales and...Read More
Joint-venture partners Agnico Eagle Mines (TSX, NYSE: AEM) and Yamana Gold (TSX: YRI; NYSE: AUY) will begin construction of an underground ramp at their Canadian Malartic open pit mine, 25 km west of Val-d'Or, Que., in August.The Odyssey ramp is expected to take two years to build, and will eventually allow the joint venture to collect a bulk sample of up to 40,000 tonnes, to conduct more tightly...Read More
Centerra Gold (TSX: CG) announced that the company recorded net income of US$80.7 million, or 27 ? per share, for the second quarter of 2020, more than double the US$33.4 million, or 11 ? per share, earned in the prior year.Adjusted net earnings came to US$97.8 million, or 33 ? per share, compared with US$33.4 million, or 11 ? per share, in Q2 2019.Revenues rose to US$412.7 million from US$340.5 m...Read More
Chile's environmental watchdog said it would charge BHP's (NYSE, LSE: BHP) Escondida copper mine, the world's largest, with drawing more water than its permits allowed for nearly 15 years.The Superintendency of the Environment (SMA) said the operation has caused a decrease in the water table levels greater than 25 cm, which is the allowed limit in the Atacama desert, the world's driest, where Esco...Read More
Vizsla Resources (TSXV: VZLA) has closed a bought deal private placement for 16 million units of the company at a price of $1.87 per unit for gross proceeds of $30 million and includes the exercise in full of the underwriters' over-allotment option.Each unit consists of one common share in the company and one common share purchase warrant, with each warrant entitling the holder to purchase one co...Read More
Kirkland Lake Gold (TSX, NYSE: KL; ASX: KLA) on July 30 reported strong financial and operating results for the second quarter of 2020, despite disruptions caused by Covid-19.Adjusted net earnings came to US$219.3 million, or 79 ? per share, double the Q2 2019 level of US$109.8 million, or 52 ? per share, and 22% higher than the US$179.2 million, or 70 ? per share, recorded for the previous quarte...Read More
Offers for deep-sea import scrap to Bangladesh rose again over the past week, leading mills to focus their attention on markets for domestic scrap and containerized import scrap, sources told Fastmarkets."The markets have turned and it's definitely a seller's market now," one South Asian trader said. "We're not giving space for buyers to come back to negotiate while the market is rising, so these...Read More
Demand continues to grow as pandemic drags onRead full newsRead More
July 30, 2020 (ACCESSWIRE via COMTEX) --VANCOUVER, BC / ACCESSWIRE / July 30, 2020 / Renaissance Gold Inc. (TSXV:REN)(OTCQB:RNSGF) (Read full newsRead More
America puts biogas at the heart of rural recovery Biogas production is to be at the heart of a $10 million study into how to boost 'struggling' rural economies while protecting the environment. The new federal grant from the...Read full newsRead More
VANCOUVER, BC, July 28, 2020 /PRNewswire/ -- First Mining Gold Corp. ('First Mining' or the 'Company') (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG), ...Read full newsRead More
Look for these qualities to navigate an economic downturn.Read full newsRead More
Brigadier Gold Limited is pleased to announce that it has appointRead full newsRead More
MacDonald Mines Exploration Ltd. announces the results of its 202Read full newsRead More
Speculators' net short U.S. dollar positioning soared to the highest level since August 2011, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.Read full newsRead More
Demand continues to grow as pandemic drags onRead full newsRead More
Gold prices are now getting comfortable in their new record territory north of $1,950 per ounce.The flimsy foundation of global markets built on debt and low interest rates is getting battered by the winds of COVID-19.Already weak, with corporate earnings slowing since 2018, the abrupt halt in business and the jobless devastation that came with it has forced government and central banks to provide...Read More
Gobitz, currently president of the Institute of Mining Engineers of Peru (IIMP), joined Buenaventura in 2016 from base metal miner Milpo, taking over from Roque Benavides - son of company founder Alberto Benavides - at the helm of the company.At Buenaventura, Gobitz has had to navigate falling gold production and the implementation of an optimisation programme to de-bottleneck the company's operat...Read More
CEO John McCluskey this week characterised the June quarter as one of the "most challenging" to date, given the COVID-19 pandemic's various impacts. However, the company had "adapted well" and by June both Island Gold, in Ontario, and Mulatos, in Mexico, had safely returned to normal operating levels.Headline earnings for the three months ended June 30 fell 45% year-on-year to US$9.8 million, or 3...Read More
Two heavy-weight quant-oriented investors take to Real Vision today to answer the question, when will this period of extreme valuations end? Mike Green sits down with investing legend Rob Arnott who is the founding chairman of Research Affiliates and discover they have more in common than just concerns about current market valuations. Both took it on the chin in more ways than one during the tech...Read More