The third and final day of the Canadian Mining Symposium (CMS) closed with a panel discussion featuring the Hon. Ranj Pillai, Deputy Premier, Minister of Energy, Mines and Resources and Minister of Economic Development for the Government of Yukon, and mining experts from Strategic Metals (TSXV: SMD), Alexco Resources (TSX: AXR; NYSE-MKT: AXU) and Western Copper and Gold (TSX: WRN; NYSE-MKT: W...Read More
The renewed strength of the "physical market" for crude driving a surge in world of oil contracts.Read full newsRead More
And they're all under $50.Read full newsRead More
NEW YORK, June 18, 2020 /PRNewswire via COMTEX/ --NEW YORK, June 18, 2020 /PRNewswire/ -- The value of gold is problematic to forecast, as it contingent on...Read full newsRead More
It’s entirely possible that we might be entering a period of hyperinflation. This is a time of unprecedented money printing by practically every central bank of the planet. Although this printing has been done with the expressed purpose of staving off a severe recession, the fact remains that more debt has been issued and more money created than at any other time in history.Central banks are...Read More
Barrick Gold (TSX:ABX) stock has been leading the gold miners’ rally for the last few months. However, the stock has recently fallen almost 20% from its April highs. So, what should investors do amid the recent fall while the outlook for the yellow metal remains rosy?Barrick Gold: What should investors do?Barrick Gold has managed to double its net income in the last 12 months. And it’s...Read More
Sandvik DR410i drill Credit: Sandvik Sandvik Mining and Rock Technology has introduced the Sandvik DR410i rotary blasthole drill, which features high productivity with a compact footprint.The DR410i can complete 152 mm to 251 mm rotary and DTH (down-the-hole) holes, with a standard mast and offers a first pass capability of 10 metres with a maximum hole depth of 46.6 metres. The extended mast op...Read More
Newmont Lake project site. Image by Crystal Lake Mining via Instagram. Last year's maiden diamond drill program at the Burgundy Ridge area within Crystal Lake Mining's 551-sq.-km Newmont Lake property in British Columbia's Golden Triangle returned broad copper-gold-zinc-silver intercepts as well as high-grade gold mineralization. Based on the drill results, the company sees potential for alkali...Read More
In 2018 and 2019, I started recommending quality gold mining stocks to my largest group of paying readers. It was clear the gold market - which had been in a bear market for years - had put in a bottom and was poised to take off. Gold and gold stocks can hibernate for some time, after which they go on notorious bull runs (more on that in a second). It was clear in 2018 and 2019 - and is even cl...Read More
The Wasamac property, pictured, includes three mining concessions and 30 mining claims covering a total area of 17.39 sqkm. Image source: Monarch Gold Monarch Gold has selected Ausenco Engineering to complete an upgrading study on Glencore's Kidd concentrator, which would potentially be used to upgrade ore mined at the company's Wasamac project in Quebec.In May, Monarch entered into a memorand...Read More
Image courtesy of Rosemont Copper. Hudbay Minerals (TSX, NYSE: HBM) has filed its initial brief with the US Court of Appeals regarding the decision made by the US District Court for the District of Arizona almost a year ago to deny the company from proceeding with construction at its Rosemont project.In July 2019, the District Court revoked the US Forest Service's issuance of the final record of...Read More
(Image courtesy of BHP.) BHP, the world's no. 1 miner, in a move to make progress in reducing and recycling waste, has launched The Tailings Challenge - a new initiative that seeks solutions for repurposing copper tailings.The challenge is aimed at innovative companies, startups, consortia, research centers and universities worldwide. These institutions are expected to develop new technological s...Read More
Here are five Fastmarkets stories you might have missed on Monday June 22 that are worth another look.The dramatic consequences of the Covid-19-related lockdowns across Europe, and the corresponding shutdowns of industrial activities, have resulted in an enormous disruption to the supply chains across all sectors of the steel industry.Chilean state-run copper producer Codelco has decided to halt a...Read More
The three-month price of copper on the London Metal Exchange was higher at the close of trading on Monday June 22, topping the complex with a 1.8% uptick despite thin trading volumes, while zinc's forward curve loosened over the afternoon.Copper's outright price on the LME closed at $5,880.50 per tonne on Monday afternoon, climbing from an intraday low of $5,807 per tonne, but failed to breach nea...Read More
Production at Hydro's Paragomias bauxite mine, in the state of Par?? in northern Brazil, has been temporarily halted due to a power outage, the producer said on Monday June 22.Three power transmission towers overturned on June 20, cutting the power supply to the mine, the company said.The Paragominas mine delivers bauxite to the Alunorte alumina refinery in Barcarena via a 244-kilometer pipel...Read More
Jack ChanPosted Jun 22, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.Current data favors overall higher gold prices.Current data favors overall higher silver prices.Our ratio is on SELL signal...Read More
Chilean state-run copper producer Codelco has decided to halt all of its construction projects in the north of the country, including the underground phase of Chuquicamata, while the Covid-19 pandemic spreads across the region, the company said on Saturday June 20.The current operations of the open pit at Chuquicamata will be maintained, however, with workers from the city of Calama, 20km to the s...Read More
Production at Hydro's Paragomias bauxite mine, in the state of Par?? in northern Brazil, has been temporarily halted due to a power outage, the producer said on Monday June 22.Three power transmission towers overturned on June 20, cutting the power supply to the mine, the company said.The Paragominas mine delivers bauxite to the Alunorte alumina refinery in Barcarena via a 244-kilometer pipel...Read More
About 21,000 tonnes of diesel leaked into rivers and subsoil near the city of Norilsk on May 29 after a fuel tank at one of the company's thermal power plants apparently subsided. The spill was one of the worst to occur in the Russian Arctic.Russia's minister of emergency control, Evgeny Zinichev, said a total of 32,000 cubic metres of water-fuel mixture had been collected and placed in tanks, whi...Read More
Steve Coughlan, Bernie Ridgeway and Kent Swick have built global mining service and technology businesses on the back of decades-long connections with the WA gold sector.Read More