View to the south of the historic C-D pit at Liberty Gold's Black Pine gold project in Idaho. Credit: Liberty Gold Reverse-circulation drilling at Liberty Gold's Black Pine project in Idaho has discovered a third zone of oxide gold mineralization - D-3 - underneath the historic drilling boundary.The new zone is currently defined by three holes: two of these, LBP125 and LBP129 are 450 metres apa...Read More

Janice Lake property. Image from Transition Metals Corp Rio Tinto (ASX, LON, NYSE: RIO) has started exploration at Forum's Janice Lake sedimentary copper/silver project in northern Saskatchewan, Canada.The major is earning up to an 80% interest in the project from Forum Energy Metals, which has optioned the property from Transition Metals.Crews have begun construction of the 50 person camp on t...Read More

Simandou deposit, Guinea. (Image courtesy of Rio Tinto.) Chinese steel company Baowu is at the head of a group of steelmakers seeking to develop the massive Simandou iron mine in Guinea, taking over from Aluminum Corp. of China (Chalco) as it seeks to secure supply of the raw material, Caixin Global reported Tuesday.The state-owned giant wants to develop the iron ore mine after acquiring shares...Read More

Image courtesy of Fosterville South Exploration Australia-focused gold miner Fosterville South Exploration (TSXV: FSX) is spinning off two gold projects to create a new company to be listed on the TSX Venture Exchange.On Tuesday, the company's board of directors unanimously approved a spin-out transaction whereby Fosterville will distribute shares of a new company - Leviathan Gold - to its shareh...Read More

The coronavirus hurt gold mining stock Agnico Eagle's production and drove up its costs. But cash flow is healthy and it should earn significant free cash flow in the second half.Agnico Eagle expects its quarterly gold production to return to Q4 2019 levels.Given the COVID-19 pandemic, Agnico's first quarter was challenging. Gold production and unit costs were negatively impacted in March as the c...Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 23 that are worth another look.A recent resurgence of Covid-19 infections in Beijing led to some jitters in China's steel sector in the initial stages of the outbreak, but market participants do not expect this second wave to leave much of an impact on the industry.The aluminium duty-paid market in Europe is set to come under...Read More

Hong Kong's Noble Group notched a $206 million loss in the first quarter of 2020, with the company citing the breaking of supply chains due to the Covid-19 outbreak as the key reason for the slump, the trading group announced on Tuesday June 23."Q1 was dominated by the impact of the Covid-19 pandemic, which has had far-reaching implications for every business and sector, including ours," Noble cha...Read More

The LME three-month copper price maintained slim gains made during the day, closing up 0.4% on Tuesday June 23, with high turnover buoyed by US financial stimulus optimism, while stock outflows added further price support. The London Metal Exchange three-month copper price held above the $5,900 per tonne psychological level to close at $5,905 per tonne this afternoon, up from $5,880.50 per tonne o...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJune 23, 2020With a new tail wind of significant ETF tonnage growth, gold bullion continues to sport the best charts of all the major asset classes.Pleaseclick here now. Double-click to enlarge.The $1800 area is significant resistance and gold arrived at this resistance zone as its weak pr...Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 23 that are worth another look.A recent resurgence of Covid-19 infections in Beijing led to some jitters in China's steel sector in the initial stages of the outbreak, but market participants do not expect this second wave to leave much of an impact on the industry.The aluminium duty-paid market in Europe is set to come under...Read More

The total debt of the company will remain at just under $2 billion, but at a lower average interest rate and longer average due date.Read More

The Covid-19 pandemic and its effects on steel production, mining and manufacturing activity, consumption, trading and logistics have dominated the noble alloys markets in the first half of 2020.Among the complex, the molybdenum market fell the furthest in percentage terms, with ferro-molybdenum prices down by 14% and oxide prices down by 13% in both Rotterdam and Busan.Supply concerns in South Am...Read More

Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna"), a royalty company for the U.S. licensed cannabis industry, is pleased to announce that it has restructured the royalty agreement ("Restructured Royalty Agreement") with its portfolio company QVI Inc. ("QVI"), which is now in operation at its newly opened cannabis-infused product manufacturing facility...Read More

Hong Kong's Noble Group notched a $206 million loss in the first quarter of 2020, with the company citing the breaking of supply chains due to the Covid-19 outbreak as the key reason for the slump, the trading group announced on Tuesday June 23."Q1 was dominated by the impact of the Covid-19 pandemic, which has had far-reaching implications for every business and sector, including ours," Noble cha...Read More

Vancouver, BC - Ovation Science Inc. (CSE:OVAT) ("Ovation" or the "Company"), announces it has expanded distribution of its DermSafe (R) hand sanitizer lotion to Mexico. Ovation's new distributor, Grupo Venta International, S.A. de C.V. ("Grupo Venta"), with corporate offices in Guadalajara, Mexico, have made their first purchase of over 10,000 bottles of DermSafe, which they will begin distrib...Read More

Perenti withdrew its guidance earlier this year, which turned out to be a judicious decision considering a contract for subsidiary Barminco was paused after two months when Panoramic Resources decidedRead More

Vancouver, BC - LEAF Mobile Inc. (TSX.V : LEAF), a leading creator and publisher of counter culture mobile games, today released financial results for its year end 2019 and first quarter ended March 31, 2020. The results are prior to subsequent events, the completion of its previously announced April 17th qualifying transaction where the acquisition of LDRLY (Technologies) Inc., assets, which in...Read More

If passed, the legislation will create a new chief permitting officer position, distinct from the chief inspector of mines.The chief permitting officer will ensure the mine permitting process is efficient and effective. The chief inspector will retain responsibility for health, safety and enforcement.Prior to the amendments the chief inspector of mines was responsible for both permitting decisions...Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 23 that are worth another look.A recent resurgence of Covid-19 infections in Beijing led to some jitters in China's steel sector in the initial stages of the outbreak, but market participants do not expect this second wave to leave much of an impact on the industry.The aluminium duty-paid market in Europe is set to come under...Read More

Factors affecting metals markets 1. There will be position squaring and rebuilding before the Federal Reserve chairman's testimony before the US senate on 30th June. Powell will testify on coronavirus response. 2. Quarter end position squaring and rebuilding is still going on. 3. Trader's dilemma is to choose between economic progress or second wave of coronavirus. This has res...Read More