Former Barrick Gold Executive with Proven Track Record as Mine Builder and OperatorELKO, Nev., Aug. 13, 2020 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that Mr. George Bee has been appointed as President.Mr. Bee is a senior mining industry executive, with deep mine development and operational experience. He...Read More

China's domestic hot-rolled coil prices were largely stable on Thursday August 13, while overseas buyers have started to seek out cheaper position cargoes.DomesticEastern China (Shanghai): 4,040-4,060 yuan ($582-585) per tonne, widening upward by 10 yuan per tonneSeveral Shanghai-based traders said transaction prices of 4,040-4,050 yuan per tonne were the most dominant during the day, the same as...Read More

China's domestic rebar prices stopped dropping on Thursday August 13 on steady demand from the construction sector.Domestic Eastern China (Shanghai): 3,610-3,640 yuan ($520-524) per tonne, unchangedA trader in Shanghai said his rebar sales volume during the day was the same as a day earlier, which kept him from lowering prices further.Market participants expect rebar demand to remain stable for th...Read More

Base metals prices on the London Metal Exchange were under pressure across the board this morning on Thursday August 13, with the copper price dipping 1.2%. The three-month copper price dropped by $82.50 this morning, recently trading at $6,350 per tonne, with upward movement capped by political stalemate. "The deadlock over a new stimulus deal in the US capped prices, while a softer US dollar in...Read More

The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt standard grade, in-whs Rotterdam at $15.05-15.30...Read More

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets...Read More

Western Australia-based miner South32 will sell its entire stake in manganese alloy smelter Tasmanian Electro Metallurgical Co (Temco) to UK-based conglomerate GFG Alliance, it said on Thursday August 13.The miner - which is listed on the stock exchanges in London, Australia and Johannesburg - owns manganese ore and alloy assets in South Africa and Australia through its stake in Samancor Manganese...Read More

Key data from the pricing session in Europe on Wednesday August 12.Key drivers The ferro-titanium market fell by 8.3% to reach its lowest level since January 16, 2017 - when the market was trading at $3.30-3.50 per kg - after three consecutive weeks of stable prices. Business was concluded in the new range but liquidity remains...Read More

Key data from Fastmarkets' pricing session in China on Wednesday August 12. Key driversProducers in China continued to increase their offer prices this week after noticing that previously raised offers were accepted by buyers last week.But the continued rise in spot prices this week stifled some buying interest, according to market sources.Reduced supply in the spot market was cited as one of the...Read More

Markets across the board were in consolidation mode this morning, Thursday August 13, with metals and Asian-Pacific equities mixed, while pre-market major western equity index futures were weaker. Traders seem to be waiting to see if US Congress can agree on a pandemic recovery fund and how the United States-China trade talks go this weekend when they review the phase one trade deal. High volumes...Read More

Greatpower Technology Co's background in trading has made it more flexible in its operations and sensitive toward prices as a producer of nickel and cobalt, which will benefit it in the longer term, its president, Aaron Cao, said in a recent interview with Fastmarkets."Due to our trader origins, there were some obstacles when we initially transitioned to becoming a producer because downstream cons...Read More

China's domestic and export prices for stainless steel maintained their upward trend over the past week despite lower demand than the preceding week.Nickel losses since last Friday sapped demand for stainless steel products, market sources said.The three-month nickel contract on the London Metal Exchange ended Tuesday August 11's official trading session at $14,185 per tonne, down by $248 per tonn...Read More

August 13, 2020 - Brixton Metals Corporation. (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has closed its previously announced non-brokered private placement of units and flow-through common shares of the Company for gross proceeds of C$5,501,682 (the “Private Placement“) with a lead order from Palisades Goldcorp Ltd., a strategic institutional...Read More

Endeavour Mining (TSX: EDV), a Toronto-listed gold mining company with assets in West Africa, is assessing whether to dual list on either the London or New York exchanges as it looks to attract new investors following its recent acquisition of SEMAFO (TSX: SMF), its smaller rival in the region."We are going to move to one or the other," Sebastien de Montessus, Endeavour's director and CEO, said...Read More

Iamgold (TSX: IMG; NYSE: IAG) has reported the results of six drill holes completed at its 75%-owned Monster Lake joint venture project, 50 km southwest of Chibougamau, Quebec. The holes were drilled to the northeast and along strike of the Monster Lake structural corridor, which hosts an existing resource at the 325-Megane zone, and tested three additional shear zones within the 4-km long prospec...Read More

The Independent Planning Commission of Australia's New South Wales government approved a US$607-million extension of Whitehaven Coal's (ASX: WHC) Vickery coal mine near Boggabri, in the state's northwest.The approval, however, was done with 184 conditions aimed at mitigating environmental and social impacts.Whitehaven was granted planning approval for Vickery in September 2014 but has yet to const...Read More

Shandong Gold Mining, one of China's top bullion miners, said its acquisition of a Canadian junior that owns the massive Hope Bay property in Nunavut should be approved for economic reasons.In May, the Chinese state-controlled miner signed a US$149 million deal to buy struggling TMAC Resources (TSX: TMR). The company, which went public in 2015, had seen its shares fall from a peak of C$10.77 in 20...Read More

88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsMargaux is a TSX Venture Exchange company searching for a multi-million-ounce gold camp in northern British Columbia.Read More

Centcom releases video of helicopter troops storming vessel believed to be sailing under Liberian flagRead full newsRead More

The gold prices plunged yesterday. But this correction won't last for a long time, I think. Here're the best UK mining shares I'd buy now. The post Yes, gold prices will shine again. The best UK mining shares I'd buy now appeared first on The Motley Fool UK.Read full newsRead More