Sixty North proposes to complete a non-brokered private placementRead full newsRead More
PORTOFINO RESOURCES INC. is pleased to announce the successful coRead full newsRead More
Coronavirus cases are surging south of the border, with Texas, Florida, California, and Arizona suffering unprecedented spikes that could trigger a wave of reopening rollbacks.Don’t panicWhile some bears may view the latest cluster of COVID-19 infections as the beginning of what could be a broader North American resurgence, investors would be wise to not make any rash decisions over the late...Read More
Pekka Vauramo, Metso Outotec president and CEO. Metso Outotec, a new company focussed on leadership in sustainable minerals and metals processing and recycling technologies, officially began operations Wednesday. The merger was in the works for a years, and Metso and Outotec OYJ last month received an unconditional merger control clearance from the European Commission for the combination.Headqua...Read More
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