Novo's Egina project lies in the heart of the Pilbara conglomerate gold province approximately 120 km east of Novo's Karratha gold project. Image from Novo. Novo Resources (TSX-V: NVO) announced on Friday that it has recommenced its exploration program at its Egina gold project in Pilbara. The company has identified another gold-bearing channel in an area southwest of the Paradise prospect. This...Read More
The Santa Luz project (pictured) is a previously operating open-pit mine acquired as part of the merger with Leagold. Credit: Equinox Gold Equinox Gold (TSX: EQX) had its best quarterly gold production and earnings from mine operations in the first quarter this year, the company reported on Friday, despite having to navigate challenges related to the covid-19 pandemic.In the past quarter, the com...Read More
Hod Maden mine site. Image by Lidya Madencilik. Sandstorm Gold (NYSE: SAND, TSX: SSL) reported on Thursday new drill results for its Hod Maden project in Turkey.Drill hole HTG-002 showed 85.3 metres at 84.3 grams per tonne gold and 6.8% copper from 19.0 metres, using a 2.4 g/t cut-off grade, uncut.Drill holes HTG-002 and HTG-003 are infill drill holes within the main deposit at Hod Maden. The h...Read More
Driller at work on Group Eleven Resources' Stonepark zinc property near Limerick in the Republic of Ireland. Photo by Richard Quarisa | The Northern Miner Diversified major Glencore (LON: GLEN), through its Canadian subsidiary, has made a further investment in Vancouver-based mining junior Group Eleven Resources (TSXV: ZNG), purchasing 15 million units of Group Eleven at C$0.05 per unit for aggre...Read More
A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto. This is in stark contrast to the global financial crisis of 2008-09, when an across-the-board hit to demand broadly left diversified miners in the same position as pure-play operators, Tom Albanese said. "When the...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The Covid-19 pandemic is likely to lead to another casualty: the mega mine. The volatility created by crises like Covid-19 is adding a layer of uncertainty to the development of large-scale projects that take a decade or more to progress and are highly capital intensive, according to Tom Albanese, the former chief executive officer of Rio Tinto.This means that mining projects are likely to be deve...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
1...The Gold and Silver mining and exploration stocks are among the most undervalued of all the investment sectors... the mining and exploration stocks have been and will be the focus for the next several years.. ..............2...Know well that if after our analysis we choose to invest in for example forty precious metals companies even after in-depth analysis, generally at least half fail. Howev...Read More
Adam HamiltonArchivesMay 15, 2020 The major gold miners' stocks have rallied dramatically out of mid-March's stock-panic lows, soaring to new bull-market highs. Their just-reported Q1'20 operational and financial results reveal whether today's higher gold-stock prices are fundamentally justified. They also illuminate whether this gold-stock upleg is likely to continue powering higher, despite the...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the session ended Friday May 15.China The UG2 chrome ore market rose once again after Chinese alloy producers with low stocks accepted higher offers. Import charge chrome prices moved up on supply tightness affecting availability. Domestic ferro-chrome spot prices climbed up on bullish sentiment following increases in...Read More
Thanks to its ammonium nitrate manufacturing plants and strength in electronic blast initiation systems, Orica has grown to become Australia's largest METS player.Read More
Copper concentrate treatment and refining charges (TC/RCs) on the spot market were now at their lowest level for the past eight months.Fastmarkets' copper concentrates TC index, cif Asia Pacific, dropped to $49.60 per tonne/4.96 cents per lb on Friday May 15. This was the first time the index has dipped below $50 per tonne/5 cents per lb since September last year.The index was calculated at $50.40...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the session ended Friday May 15.China Domestic prices remained stable in an active spot market, with sentiment strengthening after the majority of steel mills raised their tender prices for May deliveries. Hesteel, China's second-largest...Read More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here."Over the last quarter, the COVID-19 pandemic has developed from an emerging threat into a very significant reality," Davidson said on a webinar.CRU believes Chinese cop...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 277,77134,94335,158126,023404,556438,952474,657 Change from Prior Reporting Period 2,2009,376-4,8525,9782,8753,3267,399 Traders 20445825556290158 Small Speculators LongShortOpen Interest 57,78722,082496,739 3,070-1,0036,396 non reportable positionsChange...Read More
By: Ira EpsteinGold is thrusting higher and now looking at prior highs, watch these key resistance and breakout levels. Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
Domestic prices for ferrous scrap in Italy have jumped over the past month due to low scrap collection in Europe, sources told Fastmarkets on Friday May 15.Fastmarkets' monthly price assessment for steel scrap, No E8 (thin new production steel scrap), domestic, delivered mill Italy was ?,?240-250 ($259-270) per tonne on May 15, up from ?,?210-230 per tonne in the middle of April. The assessment is...Read More