Gold Royalty (NYSE-AM: GROY) is acquiring Abitibi Royalties (TSXV: RZZ; US-OTC: ATBYF) and Golden Valley Mines and Royalties (TSXV: GZZ; US-OTC: GLVMF) in a deal that will create a larger company with 191 royalties and a balance sheet with about US$47 million in cash and on debt.The business combination will have a significant presence in two of the world's top-tier mining jurisdictions, Nevada an...Read More
Equinox Gold (TSX: EQX; NYSE: EQX) has released new reserve and resource numbers for its Mesquite mine in California and for the Fazenda Brasileiro and Riacho Dos Machados mines in Brazil.The Mesquite heap leach gold mine's latest measured and indicated numbers show a 65% increase in contained gold, to almost 1.4 million oz. (22.3 million tonnes grading 0.24 gram gold per tonne). The contained m...Read More
Ascot Resources (TSX: AOT) has received the ball and SAG mills at its Premier gold-silver project in British Columbia's Golden Triangle, putting the junior on track to restart production in late 2022.The company, which anticipates being fully permitted for construction in the third quarter, placed the orders for the long-lead items last October."Ordering the ball and SAG mills last year was a prud...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has struck a deal to use artificial intelligence tools developed by KoBold Metals, a start-up backed by a coalition of billionaires including Bill Gates and Jeff Bezos, to look for critical materials used in electric vehicles (EVs) and clean energy. The world's largest miner and the Silicon Valley-based tech firm will jointly fund and operate exploration usi...Read More
De Beers, the world's largest diamond producer by value, said today that it had sold about US$515 million worth of rough diamonds during its latest event, making it the biggest sale since February and the largest total for this time of year since 2016. The Anglo American (LSE: AAL) unit, which sells diamonds to a handpicked group of about 80 buyers ten times a year at events called sights, sai...Read More
A correction has been issued for this article. The update can be found here.Read More
Matador Mining (ASX: MZZ) has uncovered gold grading 55.4 grams per tonne during power auger drilling at the greenfields Big Pond target within the Cape Ray project in Canada.Read full newsRead More
BURKINA-SECURITY/IAMGOLD (PIX):Iamgold suspends convoys to Burkina Faso gold mine after attackRead full newsRead More
The S&P/TSX Composite Index increased over 18% this year, getting support from improved economic activities and revival in consumer demand. While most of the top TSX stocks are trending higher, a few are still trading cheap and are well within investors’ reach. Let’s dig deeper into four such low-priced and high-growth Canadian stocks that investors could add to their portfol...Read More
The Canadian stock market continued to drift down a bit for the second consecutive day on Wednesday. The S&P/TSX Composite Index settled at 20,742 — down 0.3% for the day. Meanwhile, key U.S. indexes like S&P500 and NASDAQ also ended the session in the negative territory. Despite a recovery in oil prices, weakening metals, and lingering concerns about slowing economic growth seemingl...Read More
A couple weeks ago I dusted off my old telescope and set it up in the small park next to my apartment.I've never been more popular with my neighbors. Baltimore is like too many places, now not even limited to cities. With the unaided eye there are only a couple stars or planets to see. There is no real horizon. There is little reason to look up.That night I shared some beers and some sights a few...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 9 that are worth another look.Truck transportation has ceased at the Brazilian S??o Francisco do Sul port and at least five ships have failed to be unloaded since Tuesday September 7, when demonstrations broke out across the country, a spokesperson for...Read More
Base metals prices on the London Metal Exchange were up across the board on Thursday September 9, supported by the lower dollar index.The three-month aluminium contract continued its surge during Thursday's trading, closing above $2,800 per tonne for the first time since 2008. The three-month price finished the session up by 1.6% at $2,839.50 per tonne after reaching an intraday high of $2,848 per...Read More
Alumina prices soared over 10% on Thursday September 9 to their highest since April 2019 due to increased spot market tightness.Fastmarkets' alumina index, fob Australia, was published at $380.61 per tonne on Thursday, up by 13% from the previous day when the index was just $336.76 per tonne.A deal was concluded at $381.10 per tonne on a fob Western Australia basis for 30,000 tonnes and October lo...Read More
A US central bank survey had signalled a moderation in economic growth due to the Delta strain, Bloomberg reported, and there were renewed concerns about Beijing's regulatory crackdown.The uranium price is at a fresh six-year high, at US$40.25 per pound, as the new Sprott Physical Uranium Trust continues to purchase yellowcake.The trust now holds 24.27 million pounds of U3O8, up from almost 21Mlb...Read More
Alumina prices soared over 10% on Thursday September 9 to their highest since April 2019 due to increased spot market tightness.Fastmarkets' alumina index, fob Australia, was published at $380.61 per tonne on Thursday, up by 13% from the previous day when the index was just $336.76 per tonne.A deal was concluded at $381.10 per tonne on a fob Western Australia basis for 30,000 tonnes and October lo...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 9 that are worth another look.Truck transportation has ceased at the Brazilian S??o Francisco do Sul port and at least five ships have failed to be unloaded since Tuesday September 7, when demonstrations broke out across the country, a spokesperson for...Read More
Chinese cobalt tetroxide prices moved up on improved demand from downstream consumers in the first half of this week, with most producers raising their offers, sources told Fastmarkets on Wednesday September 8.Fastmarkets' price assessment for cobalt tetroxide 72.6% Co min, delivered China narrowed up to 275,000-285,000 yuan ($42,568-44,116) per tonne on September 8, from 270,000-285,000 yuan per...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 9 that are worth another look.Truck transportation has ceased at the Brazilian S??o Francisco do Sul port and at least five ships have failed to be unloaded since Tuesday September 7, when demonstrations broke out across the country, a spokesperson for...Read More
Turkish steelmakers remained silent in the deep-sea scrap import market, due to only achieving limited finished long steel sales, sources told Fastmarkets on Thursday September 9.The most recent trades were heard on Tuesday, when three steel producers booked four deep-sea cargoes from various locations at between $435 and $445 per tonne cfr on HMS 1&2 (80:20) basis.However, the mills went quiet on...Read More