VANCOUVER, BC / ACCESSWIRE / August 10, 2021 / Maxtech Ventures Inc. ("Maxtech" or the "Company") (CSE:MVT)(FRA:M1N)(OTC PINK:MTEHF) is pleased to announce assay results from its continuing Phase One diamond drilling program on the St Anthony gold mine property located in the Kenora-Patricia Mining District, Ontario. Update on the program: Metallic screen fire assay (Au-SCR21) [...]Read full newsRead More

Investors seeking a top-notch mining stock don’t have to go far in Canada. Indeed, Canada has some of the most undervalued mining stocks on the market right now. Accordingly, the TSX happens to be one of my favourite places to look for value today.In the mining world, copper and base metals miners have become focal points of late. The rapid rise (followed by a significant selloff) in this se...Read More

Barrick Gold (TSX:ABX)(NYSE:GOLD) is down 20% in 2021 and off 35% in the past 12 months. The terrible performance of the gold mining sector while the TSX Index hits record highs has some contrarian investor wondering if this is a good time to buy Barrick Gold and other mining stocks.Earnings resultsBarrick Gold reported steady Q2 2021 results, despite a hit due to a mechanical mill failure at its...Read More

The price of gold experienced a bit of a flash crash on Monday morning due to a combination of factors including liquidity issues and strength of the U.S. dollar.Gold for December delivery fell to as low as $1,675 an ounce. It was the first time the yellow metal has traded below $1,700 since March 2020.Gold Price - 5 DaysThe price of gold has recovered a bit since Monday's event. But the crash has...Read More

Here are five Fastmarkets stories you might have missed on Monday August 16 that are worth another look.Apparent steel use in the European Union will increase by 11.2% year on year in 2021, the European steel association Eurofer said in the week to August 16.A lack of available containers for shipments out...Read More

Prices on the London Metal Exchange were mixed at the close on Monday August 16, with only tin making a solid advance, while the rest of the metals were either down or around their Friday levels. Tin's three-month price was up to $35,680 per tonne on Monday, up 1% from last Friday's closing price of $35,680 per tonne. It reached its latest all-time high of $35,955 per tonne on Thursday of last wee...Read More

Fastmarkets has identified a necessary clarification to the nickel sulfate specification with regard to timing of loading.The timing of loading for Fastmarkets' nickel sulfate ex-works China price assessment is within seven days, which was not reflected in the specifications when the price assessment was launched in July 2018.Fastmarkets confirms that the specifications are as follows, with the cl...Read More

"The market seeing particular importance for this set given it is the first release since the Delta COVID resurgence began to take hold," Marex's Alastair Munro said from the LME desk.Copper was down more than 1%, despite ongoing strike action at key mines in Chile and a suspension at Teck Resources' Highland Valley Copper operations in British Columbia due to wildfire activity.Teck shares (TSX: T...Read More

Froneman, who took the helm in January 2013 and transformed Sibanye-Stillwater from a 1.5 million ounce South Africa-based gold producer into an international miner ranking among the world's top three PGM producers, received the 2021 Brigadier Stokes award last week during SAIMM's online AGM."When I look at the list of past recipients comprising eminent individuals who have left an indelible mark...Read More

A lack of available containers for shipments out of the main Peruvian port of Callao, and shipping costs that have tripled since the start of this year, were hampering exports of copper, zinc and lead from the South American country, even as mine production was recovering from shutdowns in 2020 that were forced by the Covid-19 pandemic.Peru was the world's third-largest producer of zinc in 2020 an...Read More

Seaborne low- and high-grade manganese ore prices ticked downward in the week to Friday August 13 under pressure from portside markets, where weaknesses have persisted over the past month, despite higher freight rates and a steady performance by the manganese alloy sector.Fastmarkets calculated its weekly index for manganese ore, 44% Mn, cif Tianjin, at $5.32 per dry metric tonne unit (dmtu) on Fr...Read More

China's nickel pig iron (NPI) prices decreased in the week to Friday August 13 amid a tumbling stainless steel market, though the stable cost of ore upstream kept them from falling rapidly.Fastmarkets assessed the nickel pig iron, high-grade NPI content 10-15%, spot, ddp China at 1,380-1,420 yuan ($213-219) per nickel unit last Friday, down by 10 yuan per tonne from 1,390-1,430 yuan a week earlier...Read More

Here are five Fastmarkets stories you might have missed on Monday August 16 that are worth another look.Apparent steel use in the European Union will increase by 11.2% year on year in 2021, the European steel association Eurofer said in the week to August 16.A lack of available containers for shipments out...Read More

Manganese flake prices hit record highs in Europe and the United States in the week ended Friday August 13, amid short supply, talk of further production cuts and persistent delays in transportation from China.Fastmarkets' price assessment for manganese, 99.7% electrolytic manganese flake, in-whs Rotterdam, rose by 5.6% to $5,050-5,250 per tonne on August 13, up from $4,750-5,000 per tonne in the...Read More

Aug 16, 2021 Guest(s): Michael Gentile strategic investor The gold mining sector is demonstrating excellent fundamentals, representing a complete disconnect between intrinsic value and market value, said Michael Gentile, strategic investor. "The industry has never been better fundamentally at a time when the least amount of investors ever have interest in the sector," Gentile told David Lin, anc...Read More

Turkish steel producers started the week with a single deep-sea cargo, which further deepened the decrease in prices, market participants told Fastmarkets on Monday August 16.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 18,500 tonnes of HMS 1&2 (80:20) at $455 per tonne, along with 5,000 tonnes of shredded and 1,500 tonnes of bonus at $470 per tonne cfr.The previous cargo...Read More

Fastmarkets today launches two daily indices for cfr China ferrous scrap prices, reported on a US-dollar-per-tonne basis.After the original consultation period for this proposed launch, which ended on August 9, Fastmarkets has launched its steel scrap, index, heavy recycled steel materials, cfr east China, $ per tonne and steel scrap, index, heavy recycled steel materials, cfr north China, $ per t...Read More

German steelmakers settled their monthly steel scrap contracts for August at lower prices, following the trend in international markets, sources told Fastmarkets.The fall in prices of new scrap grades, including E8 grade, was less pronounced due to the continued short supply of the material both from automotive producers and from flat steel service centres.Stoppages and reduced production rates in...Read More

Aug 16, 2021 Guest(s): Randy Smallwood When given a choice for which precious metal may be the most supply constrained, Wheaton Precious Metals' CEO Randy Smallwood chose gold. "We haven't seen any big gold projects or gold discoveries in a long time," said Smallwood who spoke to Kitco on Friday. On Thursday Wheaton Precious Metals (NYSE:WPM) record quarterly revenue of $330 million during the...Read More

Share this article VANCOUVER - Teck Resources Ltd. (TECK.B-TSX, TECK.A-TSX, TECK-NYSE) said its operations at the Highland Valley Copper mine in south-central British Columbia have been temporarily suspended due to wildfire activity in the region.The decision to suspend operations was taken on August 14, 2021, and followed an evacuation order issued by the District of Logan Lake."All workers are...Read More