Copper Mountain Mining (TSX: CMMC) has improved the economics of its Eva copper project in Queensland, Australia, with an updated feasibility study showing a longer mine life, increased production and lower cash costs.Compared with a feasibility completed in 2018, the new study has increased the mine life by three years to 15 years, boosted annual production by 25% to 100 million lb. copper, and d...Read More
The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.European steel association Eurofer has lodged a complaint with the EC, alleging that HRC has been exported from Turkey at dumped prices."In April 2020, a new [anti-dumping] investigation was opened into HRC from Turkey," ArcelorMit...Read More
Anglo American (LSE: AAL) is speeding up its exit from thermal coal and plans to spin off its South African coal unit within the next three years.Mounting pressure from investors, regulators and environmental organizations has pushed miners to either sell coal assets or to limit their exposure to the fossil fuel in recent years.The diversified miner, which has consistently been offloading coal ope...Read More
Moneta Porcupine Mines (TSX: ME; US-OTC: MPUCF) has released results from a winter drill program at its wholly owned Golden Highway project, 110 km east of Timmins, Ontario.The project has six known deposits: South West, West Block, Windjammer North, 55, Windjammer South and Discovery. The property is within trucking distance of six existing mills that have excess capacity for toll milling, but th...Read More
GoldMining (TSX: GOLD; US-OTC: GLDLF) has released a pit-constrained maiden resource estimate for the Yarumalito project, 75 km southwest of Medellin, Colombia, with total inferred resources of 66.3 million tonnes grading 0.7 gram gold-equivalent per tonne for a total of 1.5 million gold-equivalent ounces.Notably, this statement includes 9.1 million tonnes at 0.66 gram gold-equivalent per tonne of...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesSeven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootA company should develop any project with a positive net present value and as many of them as it is luck...Read More
Paul Brink, president and CEO of Franco-Neveda joins BNN Bloomberg to discuss their Q1 earnings and how the company has managed to increase their dividend amid COVID-19 uncertainty.Read full newsRead More
...just say no (to negative rates)Read full newsRead More
"NEWS: FPX Nickel re-affirms anticipated timing for completion of updated PEA on Baptiste #nickel deposit in Q3/Q4 2020https://t.co/pHKl4d5NGz"Read full newsRead More
Vancouver, BC - May 7, 2020 - Surge Exploration Inc. Read moreRead full newsRead More
Global finance chiefs welcome green recovery from Covid-19, as proposed by economists Stiglitz and Stern Climate positive policies offer superior economiRead full newsRead More
Paul Brink, president and CEO of Franco-Neveda joins BNN Bloomberg to discuss their Q1 earnings and how the company has managed to increase their dividend amid COVID-19 uncertainty.Read full newsRead More
...just say no (to negative rates)Read full newsRead More
Power plant with green field, renewable energy source in Thailand. Stock image. With both the population and the workforce aging, the mining sector needs to reposition itself to secure social licenses and attract the in-demand millennial talent pool, BDO said in a recent report.According to Sherif Andrawes, BDO's Global Head of Natural Resources, stakeholders are demanding stronger engagement, tr...Read More
The Iron Cap deposit (pictured) was recently incorporated into the KSM project economics. Image from Seabridge Gold. Seabridge Gold (TSX: SEA, NYSE: SA) has filed an NI-43-101 technical report for its KSM project in northern British Columbia, confirming the potential for a "dramatic improvement" in project economics by incorporating the recently expanded, higher-grade Iron Cap deposit into mine p...Read More
Tucano gold mine. (Image courtesy of Great Panther Mining). Great Panther (TSX:GPR; NYSE-A:GPL) has announced revenue for the first quarter of 2020 of $48.1 million, an increase of 188% over Q1 2019, reflecting primarily the acquisition of Tucano mine in Brazil. The company reported production of 34,725 gold equivalent ounces, over double the 14,860 ounces it churned out in Q1 2019.Adjusted EBIT...Read More
The Golden Statue of Prometheus near the Rockefeller Center in New York. Credit: Pixabay Gold prices saw a slight decline on Friday even as it was revealed the US job market experienced its worst downturn in history. According to latest data released by the US Bureau of Labor Statistics, employers cut an unprecedented 20.5 million jobs during the month of April, sending unemployment rate to 14.7%...Read More
Ship to shore. File image. UPDATED FRIDAY, MAY 8 @ 2pm EST.Copper rallied again on Friday after a rebound in Chinese imports of the metal indicated the country's manufacturing and construction sector may be emerging faster than anticipated from the covid-19 slump.Copper trading in New York rose by more than 2% to $2.43 a pound ($5,355 a tonne) in early afternoon trade, on track to close at an eig...Read More
Chile saw a 4.5% year-on-year increase in copper production during March despite some difficulties faced by the industry due to the Covid-19 pandemic, Chilean copper commission Cochilco said on Thursday May 7.The country produced 494,700 tonnes of copper content in March compared with 473,300 tonnes in the corresponding month of 2019. Most of the major local mines increased output during the afore...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More