Copper smelter Dongying Fangyuan is planning to restart its phase 2 smelting production line in October, Fastmarkets has learned. The phase 2 operation line has capacity to process 300,000 tonnes per year of copper cathodes using copper concentrates. "The company will start to run phase 2 because the phase 1 production line has to undergo maintenance in October for one month after operating for tw...Read More
Canadian miner Hudbay Minerals (TSX: HBM, NYSE: HBM) posted a US$51.9 million loss in the second quarter, as an eight-week suspension of its Constancia copper mine in Peru weighed on results.The Toronto-based company revised down its production targets for its Peruvian operations to 65,000-75,000 tonnes of copper and 25,000-35,000 ounces of precious metals. Hudbay had earlier forecast 80,000-95,0...Read More
The location of the Mauritian oil spill means the environmental consequences of the incident could be wide-rangingRead full newsRead More
Iraq has cut the official selling price (OSP) of its Basra Light crude for September cargoes to Asia, the United States and EuropeRead full newsRead More
The coronavirus pandemic will have an even bigger impact on the global economy and its demand for oil than previously expected, OPEC said.Read full newsRead More
Another 16 U.S. energy firms filed for protection from creditors last month, reflecting crude oil prices below levels that are profitable for many companies, according to a report by law firm Haynes and Boone on Tuesday.Read full newsRead More
Gold is getting a lot of attention from pension funds, insurance companies and private wealth specialists.Read full newsRead More
Miner Barrick Gold beat quarterly profit estimates and hiked its dividend on Mondayd, but warned that a prolonged shutdown could jeopardize the long-term viability of its Porgera gold mine in Papua New Guinea.Read full newsRead More
NV Gold Corp. Exodus Gold Project SiteRead full newsRead More
NV Gold Corporation is a Canadian junior exploration company trading on the TSX Venture Exchange under the symbol NVX (TSX.V - NVX).Read full newsRead More
July 16, 2020 (Source) - Granada Gold Mine (TSX.V: GGM) ("Granada Gold" or the "Company") is pleased to report that it ...Read full newsRead More
Company to Advance Exploration on Newly Optioned Property from Abitibi Royalties Targeted to Begin in Late SeptemberRead full newsRead More
Golden Ridge Resources Ltd. is pleased to announce inaugural explRead full newsRead More
Tuesday was quite the double-whammy for headline-generating news. On the same news day, Russia announced that it had beaten the world to create the first coronavirus vaccine, while Joe Biden declared his VP pick. Canadians watching after-hours movements in the Dow, S&P 500, and the NASDAQ may have noticed some interesting convection.A few things were at play here, making it unclear at first gl...Read More
Stocks that missed out on the initial rebound off the March market crash are now beginning to bounce. Most of the easy money was already made, but a few industry leaders with great long-term opportunities still appear cheap.Let’s take a look at two top Canadian stocks that might be interesting picks for a contrarian portfolio right now.NutrienThe merger of Agrium and Potash Corp. created a g...Read More
Gold just pulled back off the record highs and mining stocks gave up a chunk of their recent gains. Momentum investors who missed the big rally are now wondering whether this is a good time to start a new position in gold stocks.Gold price threatsGold fell US$150 per ounce in recent trading, from the record near US$2,050 to below US$1,900. The price of the yellow metal is back to US$1,950 at the t...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 13 that are worth another look.The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets...Read More
Plans for a London Metal Exchange spot trading platform have sparked intense debate within the aluminium industry. But opponents and supporters don't necessarily fall into the camps that one might expect. For starters, a decision by the LME not to change its futures contract, establish a new green aluminium contract or set thresholds to define what constitutes low-carbon metal is proving key in st...Read More
London Metal Exchange copper futures fell toward the 5pm close on Thursday August 13, failing to stabilize above the level of $6,400 per tonne.The LME's 3-month copper price closed at $6,256 per tonne, down by $176 per tonne from Wednesday's close, to the lowest since last Friday.Tumbling three-month prices have exacerbated a backwardation in the nearby forward curve. The cash/three-month spread w...Read More
Aug 13, 2020 Guest(s): Rob Haworth Senior Investment Strategist, U.S. Bank Wealth Management While macroeconomic risks linger, the environment is constructive for both gold and risk assets, said Rob Haworth, senior investment strategist, U.S. Bank Wealth Management. "What we're seeing in recent times is real yields are finally starting to rise...which is pressuring gold as well, so it's been tim...Read More