Prices fluctuations for heavy melting scrap (HMS) imports in Taiwan have caused an unclear price outlook in the near term.Market participants from major supplier Japan had just returned from a holiday on Thursday May 7 and buyers were waiting for clearer price trends for Japanese cargoes."Taiwan had increased the purchases for Japanese materials in the past few weeks because of limited supply from...Read More
China's ferrous scrap prices moved up sharply over the past week due to tight supply, eating into the profits of mills that operate electric-arc furnaces.Fastmarkets' price assessment for steel scrap heavy scrap domestic, delivered mill China was 2,480-2,560 yuan ($350-361) per tonne including value-added tax on Friday May 8, up by 70-150 yuan per tonne from 2,330-2,490 yuan last Thursday. Sources...Read More
May 8, 2020 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce the results from its Annual General Meeting of Shareholders held on April 30, 2020 and plans for the upcoming 2020 exploration program at its Hog Heaven and British Columbia Projects.Highlights of AGM 2020The number of Directors was fixed at five (5), of which four (4) Directors were re-elected...Read More
Melkior Resources (TSXV: MKR; US-OTC: MKRIF) has released results from two drill holes at the company's wholly-owned Carscallen gold project in the Abitibi Greenstone belt, 3 km north of the Porcupine Destor Fault and 25 km southwest of the city of Timmins in north-eastern Ontario.The drill holes were part of a 1,950-metre infill drill program completed in March. The first hole, 20-05, intersected...Read More
In the latest Chinese acquisition of a Canadian gold miner, Shandong Gold is buying TMAC Resources (TSX: TMAC) and its Hope Bay gold project in Nunavut for US$149 million.The news follows Zijin Mining's acquisition of Continental Gold in March for C$1.3 billion and a bid from Silvercorp Metals (TSX: SVM; NYSE-AM: SVM) for Guyana Goldfields (TSX: GUY) in April for C$105 million.Under the latest M&A...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) has withdrawn its 2020 guidance for its 47.5%-owned Porgera mine after placing it in temporary care and maintenance on April 27. Work was halted after Papua New Guinea said it would not renew the mine's 20-year special mining lease (SML). The revised group guidance without Porgera is between 4.6 million and 5 million oz. gold, about 200,000 oz. less than its pre...Read More
INV Metals (TSX: INV) moved into Ecuador seven years ago when it acquired a 100% interest in the Quimsacocha concession from Iamgold (IMG: TSX) in an all-share deal valued at US$30 million.Since then, INV changed the name of the project to Loma Larga and has, slowly but surely, advanced the asset from exploration through to feasibility work.At the end of March, INV completed an updated feasibility...Read More
British Columbia shed 264,100 jobs in April.Read full newsRead More
Canada lost 2 million jobs in April as a result of pandemic-related shutdowns, by far the biggest decline on record but only about half what economists had expected.Read full newsRead More
The final part of this series reports on financing mechanisms to support RNG infrastructure.Read full newsRead More
The gold price continues to hold above US$1,700 per ounce, and this week INN had the chance to speak with EB Tucker of Metalla Royalty & Streaming about what...Read full newsRead More
GoldSpot Discoveries has been engaged by Monarch Gold Corporation following an investment from Caisse de d?(C)p??t et placement du Qu?(C)bec to continue to advance the Beaufor Mine located on the prolific Abitibi Greenstone Belt in the Province of Quebec.Read full newsRead More
Newrange Gold is pleased to announce that it has signed a definitive Share Purchase Agreement for the sale of the Company's wholly owned Colombian subsidiary, Corporacion Minera de Colombia and all remaining assets to a private Australian company, Andean Mining Corporation Pty Ltd.Read full newsRead More
Nexus Gold (TSXV:NXS) (OTC:NXXGF) (FSE:N6E) is pleased to announce that drill targets have now been determined for the Company's upcoming diamond drill program at the 100%-owned McKenzie Gold Project, located in Red Lake, Ontario.Read full newsRead More
Brixton Metals Corporation (TSXV:BBB) is pleased to announce the results from its Annual General Meeting of Shareholders held on April 30, 2020 and plans for the upcoming 2020 exploration program at its Hog Heaven and British Columbia Projects.Read full newsRead More
Western Copper and Gold Corporation (TSX:WRN; NYSE American:WRN) announces a non-brokered private placement financing.Read full newsRead More
Amex Exploration announces it will resume drilling on the Perron Property pursuant to a recent announcement from the Government of Quebec regarding the resumption of mining and exploration activities in the Province of Quebec.Read full newsRead More
"Red Pine Exploration announces the relaunching of field activities and drilling at its Wawa Gold Project https://t.co/UGC3yeM3qc @RedPineExpl #JuniorStocks #mining #gold $RPX"Read full newsRead More
British Columbia shed 264,100 jobs in April.Read full newsRead More
Canada lost 2 million jobs in April as a result of pandemic-related shutdowns, by far the biggest decline on record but only about half what economists had expected.Read full newsRead More