Base metals traded on the London Metal Exchange are up across the board by an average of 0.4% this morning, Tuesday February 27.Aluminium prices lead the way with a gain of 0.7%, while the rest are up between 0.1% for zinc and 0.4% for tin, with copper prices up by 0.3% at $7,136 per tonne. Volume has been average with 6,677 lots traded as of 07.12 am London time. This follows a day of general str...Read More
Import prices for steel billet in Southeast Asia edged up over the past week while those for slab in the wider region including East Asia experienced sharp gains amid limited offers.Metal Bulletin's assessment of import prices for billet in Southeast Asia was $540-555 per tonne cfr for the week ended Monday February 26, up $5 per tonne from a week earlier.Prices increased after trading activity pi...Read More
China's imports of iron ore rebounded to the second highest ever in January while those for coking coal fell to a seven-month low. Exports of scrap surged on the year, while those for coke, which include semi coke, contracted.[Editor's note: This table has been amended...Read More
Just when you thought it was all over... Quite a chaotic day across asset-classes today - the most chaotic since the XIV crisis moves...Read full newsRead More
Pure Gold Mining Inc. is pleased to announce that underground drilling continues to confirm mineralization within the mineral resource and expand the mineralized zones at its 100% owned Madsen Gold... | f?vrier 14,2018Read full newsRead More
Forget cryptocurrency - the next big "gold rush" isn't even on Earth.Read full newsRead More
TORONTO, Feb.26, 2018(GLOBE NEWSWIRE) -- Eastmain Resources Inc. ("Eastmain" or the "Company") (TSX:ER) (OTCQX:EANRF), announces the Company has filed t...Read full newsRead More
Newcrest Mining Ltd:Read full newsRead More
Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake in Canadian miner Lundin Gold Inc as the gold major ramps up its exposure to Ecuador to secure growth.The stake is part of a $400 million equity raising by Lundin Gold to fund development of its Fruta del NorteRead full newsRead More
Goldcorp has selected four finalists and eight semi-finalists to compete in the firm's 2018 #DisruptMining innovation contest.Read full newsRead More
Eureka Resources (TSXV:EUK) ('Eureka' or the 'Company') is pleased to announce that it has signed an amalgamation agreement dated February 24, 2018 (the 'Agreement') with Kore Mining Ltd.Read full newsRead More
Atlas Iron (ASX: AGO) announced today that, despite high discounts for lower grade iron ore, it is still on track to meet its fiscal 2017-2018 shipment volume and cost guidance,which management set last August in 9 million-10 million wet tonnes, having shipped 5.2 million wet tonnes in the first-half to December 2017.In a media statement issued Tuesday, Australia's fifth largest iron ore producer...Read More
Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) took a hit Tuesday after the company posted full year profit that missed expectations and anticipated higher costs.The miner, which is the world's largest primary silver producer and Mexico's second largest gold company, said that earnings before interest, tax, depreciation, and amortization increased by 2.7% to $1.06 billion in 2...Read More
Scotland will soon have its first commercial gold and silver mine after authorities unanimously approved Tuesday Scotgold Resources' (LON: SGZ) application for the development of its Cononish project.The asset produced first gold in August 2016 following the launch of an ore processing trial, but after the approval by the Loch Lomond and the Trossachs National Park Authority, the plan is now to bu...Read More
POSCO, South Korea's largest steel producer, has inked a deal to buy up to 240,000 tonnes of lithium concentrate per year from Australia's Pilbara Minerals (ASX:PLS), securing this way a constant supply of the key material used in the making of electric vehicle batteries.As part of the agreement, the Australian unit of POSCO will pay A$79.6 million (about $62.5 million) for a 4.8% stake in Pilbara...Read More
WASHINGTON, Feb 27 (Reuters) - Uranium miner Energy Fuels said on Tuesday it has won federal approvals to expand operations at two mines in southeastern Utah, after years of challenges from conservation groups worried about radon gas emissions.The Bureau of Land Management and the U.S. Forest Service last week approved the expansion of the company's La Sal complex near the Manti-La Sal National Fo...Read More
Mr. Stephen Nano reports MIRASOL ANNOUNCES ASSAY RESULTS FROM THE PHASE I DRILLING CAMPAIGN AT THE LA CURVA OCEANAGOLD JV, SANTA CRUZ, ARGENTINAMirasol Resources Ltd. has released results from an 18-hole, 2,550-metre, phase I diamond core drilling program from the La Castora trend at the La Curva OceanaGold joint venture in Santa Cruz, Argentina. Figures associated with this news release are avail...Read More
Mr. Nigel Lees reportsSAGE IDENTIFIES NEW VEIN STRUCTURES AT CLAVOSSage Gold Inc. has identified new vein systems at the Clavos property. The company is currently updating its mineral resource estimate, adding several hundred historical and recent drill hole composites from the definition and exploration drilling completed over the past few years.The new resource modelling, which factors in a high...Read More
Feb 28, 2018 Guest(s): Pierre Lassonde Chairman, Franco-Nevada While a much higher gold price is needed to bring bullish sentiment back into the mining space, they yellow metal is already fairly priced, said Pierre Lassonde, Chairman of Franco-Nevada Corp."At $,1300 [an ounce], I will argue that gold is well priced," Lassonde told Kitco News on the sidelines of the BMO Global Metals & Mining...Read More
Feb 28, 2018 Guest(s): Sean Roosen CEO, Osisko Mining Even if gold is unable to make new multi-year highs, the market is still in a good space and the mining sector has room to grow, said Sean Roosen, CEO of Osisko Gold Royalties. "I think the gold market at $1,330-$1,350 is a pretty good price to set the stage for new projects to come online," Roosen told Kitco News on the sidelines of the Gold...Read More