Margaux Resources Ltd. is pleased to announce that further to itsRead full newsRead More
Nexus Gold Corp. is pleased to announce that it has entered intoRead full newsRead More
Rokmaster Resources Corp. is pleased to report that the non-brokeRead full newsRead More
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Before the New Year, I’d discussed why gold was my favoured bet over Bitcoin for 2020. At the time, there were several positive trends for the yellow metal. However, no one could have predicted the impact a global pandemic could have on precious metals this year. The spot price of gold per ounce managed to surge to a seven-year high in 2020. Gold stocks have predictably performed well. The s...Read More
Ken Lapierre at Rockcliff Metals' Talbot polymetallic project in Manitoba. Credit: Rockcliff Metals. Phase one drilling at Rockcliff Metals' (CSE: RCLF) Freebeth property in central Manitoba has returned high-grade copper and zinc mineralization including 5.28% copper equivalent over 2.3 metres and 4% copper-equivalent over 4.7 metres.The drill program also pinpointed the historic Last Hurrah zo...Read More
Northern lights in the southern part of the Abitibi. Image from Abitibi Royalties. Colombia-focused Caldas Gold (TSXV: CGC) is casting its eyes on Canada with plans to acquire the Juby gold project, about 11 km southeast of the Timmins gold camp in Ontario in the southern part of the Abitibi greenstone belt.The company's flagship asset is its Marmato gold project in Colombia's Middle Cauca gold...Read More
Recovering drill core from Cypress Development's Clayton Valley lithium project in Nevada, in 2017. Credit: Cypress Development With an initial $493-million investment, Cypress Development's Clayton Valley lithium project in Nevada could produce 27,400 tonnes lithium carbonate equivalent (LCE) per year over a 40-year mine life, according to a prefeasibility study released this week.At an 8% disc...Read More
The Carscallen gold project in the Timmins gold camp of Ontario. Kirkland Lake Gold (TSX: KL; NYSE: KL) has struck a strategic partnership with Melkior Resources (TSXV: MKR), which is advancing its flagship Carscallen gold project in the Timmins gold camp of Ontario.The Toronto-based gold miner, whose high-grade mines in Canada and Australia produced 974,615 oz. of the precious metal last year...Read More
Zambia (Image from Needpix) Barrick Gold (NYSE:GOLD)(TSX:ABX), owner and operator of the Lumwana copper mine, announced Thursday it has donated 10 computers to the University of Zambia School of Mines and agreed to help repair the Kakayindu Police Post, in line with its commitment of creating long-term value for its host countries and communities.Established in 1973, the University of Zambia Scho...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 21 that are worth another look.The recently opened anti-dumping investigation into Turkish exports of hot-rolled coil to the EU fails to comply with the principles of the Customs Union and Free Trade Agreements between Turkey and the European Commission (EC), the Turkish Steel Producers' Association (TCUD) told Fastmarkets on...Read More
Copper stocks in London Metal Exchange-registered warehouses in Rotterdam have been steadily rising over May, indicating weak European copper consumption during a period of heightened economic uncertainty. And with manufacturing in the region still reeling from the effect of Covid-19 on supply chains, market participants are pessimistic that improvements will come this year. Total LME stocks in Ro...Read More
The three-month zinc price on the London Metal Exchange tumbled at the close of trading on Thursday May 21, losing some 3.6% in an afternoon downturn, while a fall in US unemployment claims failed to boost market sentiment.Zinc's outright price on the LME closed at $1,983.50 per tonne on Thursday afternoon, falling from an intraday high of $2,048 per tonne, while turnover was strong at more than 9...Read More
Global refined zinc production exceeded consumption by 240,000 tonnes in January-March this year in large part due to a rise in Chinese smelting of the metal, the International Lead & Zinc Study Group said in its latest market roundup. Refined zinc production the world over rose to 3.314 million tonnes in the first quarter, up from 3.212 million in the same period of 2019. Meanwhile, usage for the...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 21 that are worth another look.The recently opened anti-dumping investigation into Turkish exports of hot-rolled coil to the EU fails to comply with the principles of the Customs Union and Free Trade Agreements between Turkey and the European Commission (EC), the Turkish Steel Producers' Association (TCUD) told Fastmarkets on...Read More
Kirkland Lake (TSX: KL) is set to invest C$1 million at 80c per unit in Melkior.Read More
Spot payables for cobalt hydroxide continued to edge up in the first half of the week, which saw active inquiries and steady procurement from consumers. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China rose to 63-65% against the standard-grade cobalt price on Wednesday May 20, up 1.2% from 62-64.5% on Friday. Many suppliers are holding back from sales due to tightened av...Read More
Turkish steel producers resumed their deep-sea scrap bookings as expected on Thursday May 21, but prices rapidly increased because of the improving demand, sources told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (95:5) at $254.50 per tonne, 7,000 tonnes of shredded at $257.50 per tonne and 3,000 tonnes of bonus at $262.50 per tonne cfr....Read More
By: Ira EpsteinDoes crude oil have much room to rally from here? Gold is not down much from its recent 7-year highs. You can see the tighter range in the market in consolidation..Read More