The Toronto-quoted equity of Pure Gold Mining (TSXV: PGM) rose more than 7% early Tuesday trading after the company reported strong second-quarter production, underground drilling success and the potential for accelerated development of the 8 Zone.The flagship PureGold mine in Red Lake, Ontario, averaged daily throughput at 509 tonnes per day for the June quarter and 577 tonnes per day for June.Th...Read More
Stainless steel sheet prices in the United States rose in June due to rising surcharges and increasingly tight supply.Fastmarkets' monthly price assessment for stainless steel 304 cold-rolled sheet, fob mill US was $171.75 per hundredweight ($3,435 per short ton) on Monday July 12, up 2.08% from $168.25 per cwt on June 10 and up 7.34% from $160 per cwt on May 10.The assessment for stainless s...Read More
This week's episode features the Manitoba Thought Leadership panel at the Global Mining Symposium. The all-star event included the Honourable Blaine Pedersen, Minister of Agriculture and Resource Development, Government of Manitoba; Don McCallum, Councillor from Treaty 5 Territory; Felix Lee, President & CEO, Willeson Metals Corp / Past President PDAC; Scott Parsons, VP Exploration, Alamos Gold; a...Read More
Liberty Gold (TSX: LGD; US-OTC; LGDTF) has released the first resource estimate for its 100%-owned Black Pine gold project in south-eastern Idaho, about 29 km northwest of the town of Snowville.The project contains 105.1 million indicated tonnes grading 0.51 gram gold per tonne for 1.7 million oz. of gold and inferred resources of 31.2 million tonnes averaging 0.37 gram gold for 370,000 ounces. T...Read More
Researchers at the University of Arizona are working to clean up acid mine drainage that contains substantial amounts of heavy metals like arsenic and lead by sequestering the chemicals in biochar crystals.The research team is working to reclaim landscapes impacted by mining waste to create a more sustainable industry. Its researchers recently published findings on how reducing environmental impac...Read More
AngloGold Ashanti (NYSE: AU), which currently holds a 19.5% indirect interest in Corvus Gold (?EUR
Lundin Gold (TSX: LUG) has reported record gold production for the second quarter of 2021, only sixteen months after its Fruta del Norte gold-silver mine in Ecuador, the country's largest, kicked off commercial operations.The Vancouver-based miner delivered 108,799 ounces of gold in the three months to June 30, of which 66,721 ounces were produced as a concentrate and 42,078 ounces as dor?(C).Th...Read More
South Africa's Petra Diamonds (LSE: PDL) has fetched US$40.2 million for a 39.34-carat blue diamond it recovered at its iconic Cullinan mine in April, the company's highest price ever for a single stone.It means the buyer, a partnership between diamond giant De Beers and Diacore, paid US$1,021,357 per carat."This new milestone for Petra follows the sale of the 299 carat Type IIa white diamond in...Read More
Increasing scrap usage was deemed to be a key step the road map of decarbonization of Chinese steel industry, Li Xinchuang, the Vice Chairman of China Iron & Steel Association (Cisa) said on Tuesday July 13."It is important that we increase supply of scrap in the local market. We expect the share of electric-arc furnaces (EAFs) in Chinese steelmaking to increase from 10% to more than 15% in 2025,"...Read More
The Dow Jones Industrial Average rose 0.24% to finish the week at 34,870.16 and the S&P 500 climbed 0.40% to 4,369.55. Spot gold rose by US$20.60 per oz., or 1.15%, to US$1,807.90 per ounce. Rio Tinto climbed US$2.36 to US$85.99 per share. Rio Tinto and POSCO, South Korea's largest steel producer, have inked a memorandum of understanding to jointly explore, develop, and demonstrate technologies...Read More
The S&P/TSX Venture Composite Index dropped 3.09% to finish the trading week at 938.47. Spot gold increased by US$20.60 per oz., or 1.15%, to US$1,807.90 per ounce.Rupert Resources climbed 31 ? to $5.49. The company released drill results from the Heina South prospect at its 100%-owned Pahtavaara project in Finland, about 1,200 km north of Helsinki. Highlights included drillhole 121015, which in...Read More
The S&P/TSX Composite Index rose 0.16% to 20,257.95 during the July 5-9 trading week. The S&P/TSX Global Mining Index climbed 2.24% to 109.76, and the S&P/TSX Global Base Metals Index jumped 2.43% to 173.35. Spot gold increased by US$20.60 per oz., or 1.15%, to US$1,807.90 per oz., and the S&P/TSX Global Gold Index advanced 0.89% to 299.71.Gatos Silver increased by $1.98 to $24.20 per share. The...Read More
Supply concerns are pushing up prices across the global nickel complex, as strike action at Vale's Sudbury mine in Ontario dents regional pellet availability and drives up competition for briquettes, while simmering concerns about Indonesia's latest Covid-19 lockdown push the LME three-month (3M) contract to its highest level since 25 February.Read full newsRead More
Great Thunder (CSE:GTG) has expanded its Bursey property by acquiring the Bursey East claims in NewfoundlandRead full newsRead More
Join the PlantX community today to get started on your plant based diet journey. Find restaurants, share recipes, and order meals today!Read full newsRead More
Rover Metals (TSXV:ROVR) has announced the start of its phase 2 exploration program at its 100% owned Cabin Gold Project.Read full newsRead More
Rover Metals Corp. further to its release of June 8, 2021, announcing the start of its Phase 2 Exploration Program at its 100% owned Cabin Gold Project.Read full newsRead More
When we emerged from the throes of the pandemic, a lot of people were drawing comparisons to the Roaring '20s, certain that pent-up demand and government largesse would fuel an exuberant economic boom.But that's not what I saw. And it's not what I'm looking at right now.No, what I'm seeing right now reminds me a lot more of the early 2000s - the period defined by a red-hot housing bubble and soari...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 14 that are worth another look.The International Rebar Producers & Exporters Association (Irepas) expects the prospects for global long steel products to remain satisfactory for the rest of 2021 and for 2022.The European Commission adopted on July 14...Read More
The European Commission (EC) adopted on Wednesday July 14 a package of proposals under the EU Green deal that affect the metals industry, including a Carbon Border Adjustment Mechanism (CBAM).The CBAM will apply to imports into the EU of iron and steel, aluminium, cement, fertilizers and electricity.During a transition period from 2023 to 2025, importers will have to report the emissions embodied...Read More