QMX Gold Corporation is pleased to release further assay resultsRead full newsRead More
Gold markets continue their bullish run with a major push higher during the trading session on Wednesday. Gold price surged all the way towards the $1825 level rather early in the session, showing a clear break out of the massive barrier underneath. Analysts have spent months predicting if and when the $1800 level would be reached, but now that the price of gold has cleared it, it is likely...Read More
Almost all TSX stocks have shown a sharp recovery from their record lows in March. Canadian broader markets have soared around 40% in the last three months, marking one of the epic recoveries of all time.However, there are some stocks that are still trading way below their fair values and could be readying for a solid upside. So, if you have some cash, consider these TSX stocks with attractive gro...Read More
Kirkland Lake Gold (TSX:KL)(NYSE:KL) is an incredible gold stock. Since mid-2015, shares have exploded higher by 3,164%. That’s 30 times your money in just five years.This January, I’d named Kirkland my favourite gold investment of 2020. Year to date, shares are roughly flat. That’s an incredible outcome considering we just experienced one of the most disruptive economic shocks i...Read More
The ????pler mine in eastern Turkey. Image by Alacer Gold. SSR Mining (TSX: SSRM) and Alacer Gold (TSX: ASR)(ASX: AQG) announced Friday the receipt of shareholder approvals for the previously announced at-market merger. In May, Vancouver-based SSR Mining agreed to a deal to acquire its Canadian counterpart in an all-stock, zero-premium deal valued at C$2.4 billion ($1.7 billion).The business co...Read More
Image by Esa Niemel?? from Pixabay. ESG investing has grown roots; communities are more regularly finding their voices; governments want greater assurances around responsible practices; and employees want to work for companies that live up to these higher standards.This remains a frontier for miners. The fourth industrial revolution has, however, provided new tools to aid this transition toward b...Read More
Yellowknife Women's Society's covid-19 isolation shelter. Image from Rio Tinto. Rio Tinto is partnering with the Yellowknife Women's Society in Canada's Northwest Territories to support their covid-19 isolation shelter with a C$150,000 contribution, the company announced this week. As part of Rio Tinto's worldwide community investment in covid-19 relief initiatives, this funding will provide accom...Read More
Olympias tailings area in rehabilitation. (Image courtesy of Eldorado Gold) Eldorado Gold (TSX:ELD)(NYSE:EGO) announced on Friday a Q2 2020 preliminary production of 137,782 ounces of gold, a 50% increase over Q2 2019. Gold production at Kisladag mine in western Turkey increased by 130% over Q2 2019, and 19% over Q1 2020. Increased production was due to higher grade and tonnes of stacked ore an...Read More
Drill core. Image by QMX Gold. Infill drilling at QMX Gold's Bonnefond deposit in Quebec has intersected near-surface, high-grade gold. The company has released six drillhole assays from the eastern half of this deposit, which targeted shear zones around a deeper intrusive unit.The drill highlights include 4 metres of 6.02 g/t gold starting at 131 metres and 4.5 metres of 21.29 g/t gold startin...Read More
The US primary foundry alloy premium inched up on Friday July 10 even as spot activity remained muted, supported by improving sentiment as automotive supply chains in the US normalize. Premiums in Europe were unchanged.US premium rises, but market quietFastmarkets assessed the aluminium wheel alloy silicon 7 ingot/T-bar premium, dlvd dup over P1020A Midwest US at 6-9 cents per lb on July 10, up fr...Read More
The posting of 1.81 trillion yuan in new Chinese loans early in the European trading session on Friday July 10 led to a rally across all London Metal Exchange three-month base metals prices.LME base metals futures moved higher as fund positioning became less bearish, with bids moving into firmly bullish territory, and all metals, apart from tin, ended the day up compared with Thursday's close."You...Read More
A vast amount of investment will be required to achieve meaningful change in the carbon footprint of aluminium across a broad portion of the industry, and the commercial impetus is not there yet, according to the secretary general of the International Aluminium Institute (IAI). Nonetheless, the industry needs to meet the challenge of changing consumer expectations and work together to collectively...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday July 10.China Seaborne ore prices fell in response to lower offers for August shipments, with some market participants remaining bearish about the near-term outlook due to rising portside stocks and higher-than-expected volumes of cargoes flowing to China (particularly for 37% material). There was go...Read More
Key data from the pricing sessions in Asia, Europe and the United States in the week ending Friday July 10.China The spot price range for 75-grade ferro-silicon narrowed downward due to continuing weakness in the magnesium sector, despite major steel mills increasing their July tender prices for 72-grade alloy. Hebei Steel set its final July tender price for 72-grade ferro-silicon at 6,100 yu...Read More
Midwest Resource Finance Group, whose sole director and shareholder is AustSino executive chairman Chun Ming Ding, has agreed to subscribe for 7.7 billion shares in AustSino at 1.3c each.Read More
Sales of rough and polished diamonds amounted to US$31.3 million in June, down 22% on the May figure. The company's monthly sales totalled just over US$400 million in January."June sales were expectedly low, as we continue making every effort to maintain stability of the diamond industry and support our customers," said Alrosa's deputy CEO Evgeny Agureev.Alrosa has been offering flexible sales ter...Read More
Revolution's flagship Schedule Optimisation Tool is said to be the industry's only financial optimisation tool for underground mines that lets mine planners improve productivity and profitability by optimising the net present value of the mine schedule.SOT came out of research by the Mining Innovation, Rehabilitation and Applied Research Corporation, a not-for-profit company of Laurentian Universi...Read More
Key data from the pricing sessions in Asia, Europe and the United States during the week ending Friday July 10.Europe The high-carbon market continued to soften in response to weakening demand with Europe entering the summer slowdown.The low-carbon ferro-chrome market tumbled further to a multi-year low with producers slashing offer prices to win available...Read More
Chirundu includes the Njame and Gwabe deposits, which were included in GoviEx's 2017 preliminary economic assessment for its Mutanga uranium project.GoviEx said due to the smaller scale and higher-cost nature of the Gwabe and Njame deposits, they were scheduled to be mined in the later stages and as a result, "the exclusion of these deposits from the mine plan is believed to have a low to no impac...Read More