LiCo Energy geologist Joerg Kleinbeck at the ramp entrance to the Teledyne Project northeast of the Town of Cobalt, Ontario. Source: LiCo Energy Metals Inc.LiCo Energy Metals Inc. [LIC-TSXV; WCTXF-OTCQB] on Wednesday January 10 released new assay results from drilling at its Glencore Bucke property northeast of the Town of Cobalt, northeast Ontario.Highlights include drill hole GB17-20, which inte...Read More
Shares of Aphria Inc. (TSX:APH) jumped 15% after announcing a joint venture with greenhouse grower Double Diamond FarmsSmallCapPower | January 10, 2018: Aphria Inc. (TSX:APH) announced Monday that it has entered into a partnership with Leamington-based greenhouse grower Double Diamond Farms for the creation of a new joint venture 'GrowCo' that would deliver incremental annual production capacity 1...Read More
(Kitco News) - Hecla Mining Co. (NYSE: HL) reported Wednesday that outputfell in the fourth quarter and 2017, yet full-year silver output was thesecond-highest in the country’s 126-year history.In particular, output was down sharply at the company’sLucky Friday Mine in Idaho due to a strike. Limited production is being carriedout by salaried staff.Company-wide silver output in the four...Read More
PBOC is said to adjust formula for fixing yuan exchange rateKorea said it would take stern steps to curb one-sided movesPrestige's Schenker Sees Pressure on DollarDollar bears take heed: Asian central banks may be putting the brakes on the greenback’s slide.After working for three years to staunch the yuan’s slump, China is now moving to combat the opposite problem. The People’...Read More
(1)True thickness to be determined.(2)All samples were submitted for preparation and analysis by ALS Chemex at its facilities in Lima, Peru. All samples were analyzed using multi-digestion with ICP finish and select samples were analyzed for gold using fire assay with AA finish. Samples over 1% copper were reanalyzed using four acid digestion with an ore grade ICP finish. Mineralized samples were...Read More
Key data from the January 10 pricing session in Europe.Ferro-titanium 70% (max 4.5% Al) $ per kg, delivered duty-paid in EuropeToday Previous Change to midpoint of range Midpoint % change 4.80-5.60 4.80-5.60 0 0 Titanium scrap turnings, unprocessed (max 0.5% Sn) $ per lb, cif European ports Titanium scrap turnings, unprocessed (0.5-2% Sn) $ per l...Read More
The Turkish deep-sea scrap market went quiet on Wednesday January 10, with the mills in the country trying to put downward pressure on prices.But while mills were trying to reduce scrap prices, suppliers remained firm because the heavy winter conditions increased their costs, sources said."The mills went quiet, waiting for a supplier who is in hurry to sell. Five or six Baltic Sea suppliers...Read More
Richard LeongNEW YORK (Reuters) - More investors are favoring U.S. bonds that profit from a pickup in inflation as the global economy gathers momentum with oil and other basic commodity prices recently hitting multi-year highs.As a result, market forces in key economies and efforts by their policymakers might finally be aligning to lift inflation to 2 percent, a level the Federal Reserve and its c...Read More
Klondex Mines Ltd.(TSX: KDX; NYSE American: KLDX) says it is scaling backoperations at its True North mine in Manitoba, with plans to eventually haltmining. After study, Klondex says it will limit underground mining to areasalready developed, and once these are depleted, underground mining will besuspended. Officials say the decision was largely based on the site’s inabilityto achieve p...Read More
Stocks declined on Wednesday, Jan. 10, the dollar slumped and bond yields spiked to a 10-month high following reports that China may be reconsidering its investment in U.S. government debt. If stocks finished lower on Wednesday it would be the first down day of 2018. The Dow Jones Industrial Average fell 44 points, or 0.18%, the S&P 500 slipped 0.22%, and the Nasdaq was down 0.5% a...Read More
* China may slow or halt U.S. bond purchases -Bloomberg* Chinese govt seen constrained by forex stability concerns* Benchmark Treasury yield highest since March; dollar slides (Adds BreakingViews link, updates market action)By Dhara Ranasinghe and David LawderLONDON/WASHINGTON, Jan 10 (Reuters) - Chinese officials reviewing the country's vast foreign exchange holdings have recommended slowing or h...Read More
The London Metal Exchange closed 2017 in positive fashion as average daily volume (ADV) climbed 19.3% after two previous months of decline. Lead was the strongest performer, with ADV climbing over 50% from December 2016 with 55,717 lots. Last month, lead was the only base metal to record a significant year-on-year increase. Copper's ADV was up 24.3% from the previous year to 150,723 lots, after it...Read More
After a year focused on re-establishing stability, the London Metal Exchange has started 2018 with its attention on driving more liquidity to the bourse by launching the Introducing Broker membership category and broadening its contract portfolio, says senior metals market consultant Martin Hayes. Twelve months ago, it was fair to say that the LME was facing a period of uncertainty - it had lost i...Read More
(Kitco News) - Gold prices are solidly higher and hit a 3.5-month high in early U.S. trading Wednesday.Safe-haven demand is in play for the gold and silver markets at mid-week, amida sharp sell-off in world government bond markets. A lower U.S. dollar index onthis day is also providing a boost to the precious metals. February Comex gold was last down $9.30 an ounce at $1,323.10. March Comex silver...Read More
SAO PAULO, Jan 10 (Reuters) - Brazil's central bank on Wednesday blamed a record food harvest for dragging the 2017 inflation rate below the official target range for the first time ever.In an open letter, central bank chief Ilan Goldfajn said supply shocks stemming mostly from food prices accounted for over four-fifths of the difference between the 2.95 percent inflation rate in 2017 and the 4.5...Read More
(Adds Jeffrey Gundlach investment call, Bill Gross' main fund taking short bet against U.S. Treasuries)By Jennifer Ablan and Richard LeongNEW YORK, Jan 10 (Reuters) - Pimco, one of the world's biggest money managers, sees this week's U.S. bond market selloff as a buying opportunity and is not ready to call the spike in 10-year Treasury yield to a nine-month high a bear market precursor.Dan Ivascy...Read More
WASHINGTON (Reuters) - Democratic U.S. lawmakers accused Russia on Wednesday of a “relentless assault” on democratic institutions worldwide, and called on President Donald Trump to treat election interference as a national crisis.Democrats on the Senate Foreign Relations Committee released a report detailing what they described as nearly two decades of Russian efforts to tilt politics...Read More
Domestic prices for heavy steel plate in Europe are expected to move upward on higher costs for slab and other raw materials, sources told Metal Bulletin on Wednesday January 10.In the meantime, however, prices have been largely unchanged this week with the market still slow after Christmas holidays.Metal Bulletin's weekly price assessment for domestic grade-S235JR heavy steel plate in Southern Eu...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop DNI Metals (CSE: DNI) (FSE: DG7N) (OTC Pink: DMNKF) - Assays for Additional 4 of 28 Diamond Core Holes Received; Including 11m Grading 5.38% Graphitic Carbon Toronto, Ontario - January 10, 2018 (Newsfile Corp.) (Investorideas.com Newswire) DNI Metals Inc. (...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Pancontinental Gold (TSXV: $PUC.V) Acquires Strategic Nickel-Copper-Cobalt Project in Canada Toronto, Ontario - January 10, 2018 (Newsfile Corp.) (Investorideas.com Newswire) The Board of Directors of Pancontinental Gold Corporation (TSXV: PUC) ("Pancontine...Read More