Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Thursday April 5, with copper's three-month price gaining 1.5%."Industrial metals reacted broadly positive as investors assess the outlook for US-China trade tensions while both major economies signal willingness to negotiate," John Meyer, SP Angel analyst said."Copper regained [momentum] on the announcem...Read More
Comex copper prices bounced back in US morning trading on Thursday April 5 amid easing tensions between the United States and China. Copper for May settlement on the Comex division of the New York Mercantile Exchange jumped 6.65 cents or 2.2% to $3.0770 per lb. "We remain modestly constructive on metals going into April, as we suspect...Read More
Cesco Week, the annual copper industry gathering in Santiago, starts on Sunday in the Chilean capital, with some 2,000 local and international market participants in attendance to discuss the outlook for copper prices and mining as a whole.Here is a list of the events and functions scheduled for the week.Please note that events are private receptions and admission is strictly by invitation only.Su...Read More
A subscriber from Canada emailed me last night about the Canadian housing market: "Toronto and Vancouver sales down 40% and 30% YoY respectively. Prices are still up in Vancouver but down 14% in Toronto. I don't know how prices stay up if the volume continues to trend down. Canadians are even more levered than Americans I believe. This is going to get ugly before it's all over."The only part I dis...Read More
Did you catch Metal Bulletin's recent web seminar on key factors driving the battery raw materials markets? If you missed it, follow the link below to listen to the free recording: What's driving the battery raw materials market? During the web seminar, members of Metal Bulletin's global battery raw materials team discussed: EV subsidies and government policy in China and beyond Changes...Read More
Miner South32 has signed a 2018 annual lead concentrate supply contract with at least one major smelter, which includes a 21.4% drop in headline treatment charges. South32's deal, which supplies lead concentrates from its Cannington mine in Australia, sets headline treatment and refining charges (TC/RCs) at $98 per tonne/$0.60 per oz, against $124.70/$1 in 2017, sources with knowledge of the matte...Read More
Bonterra Resources (BTR.V) is now continuously publishing new assay results from the drill holes completed during the winter drill program, and it looks like all new holes are confirming the continuity of the gold-bearing veins at Gladiator. As Bonterra is gearing up to complete a resource update, it's encouraging to see it continues to intercept the veins where they are expected to show up.The as...Read More
JXTG, Japan's energy and metal conglomerate, expects to post an impairment loss of 65 billion yen ($606.8 million) for its Chilean Caserones copper project following a series of production problems last year. The 65 billion yen bill was attributed to changes in the mining plan due to a fault in an ore pit and a review on long-term production plan, the majority owner of Caserones copper mine said o...Read More
Left to right, Darin Labrenz, President & CEO, Graeme Currie, Chairman, and Dr. Mark O'Dea, Director. Photos courtesy Pure Gold Mining Inc.Pure Gold Mining Inc. [PGM-TSXV] has been recognized for its work in developing the Madsen Gold Project, one of the iconic former mines in the fabled Red Lake camp, northwestern Ontario.The Northwestern Ontario Prospectors Association has honoured Pure Gold...Read More
Did you catch Metal Bulletin's recent web seminar on key factors driving the battery raw materials markets? If you missed it, follow the link below to listen to the free recording: What's driving the battery raw materials market? During the web seminar, members of Metal Bulletin's global battery raw materials team discussed: EV subsidies and government policy in China and beyond Changes...Read More
Pacton Gold Inc. (TSXV:PAC), a gold junior, jumped after announcing a LOI to earn up to an 80% ownership interest in tenement licences in Western Australia’s Pilbara gold mining regionSean Mason | April 5, 2018 | SmallCapPowerAn Australia gold property letter of intent was a nugget of good news for shareholders of a gold junior Thursday. Here's some small stocks making big moves on Thu...Read More
West Red Lake Gold Mines Inc. is a Toronto-based minerals exploration company focused on gold exploration and development in the prolific Red Lake Gold District of Northwest Ontario, Canada. The Red Lake Gold District is host to some of the richest gold deposits in the world and has produced nearly 30 million ounces of gold from high grade zones. The Company has assembled a significant property po...Read More
Rio Tinto is collaborating with a local technical college and the Western Australian government to ensure training pathways for mining's jobs of the future.Staff reporter WA education minister and Rio Tinto Iron Ore CEO Chris Salisbury (centre front) at the launch of a VET training alliance in Australia05 APRIL 201805/04/2018commentsshareNationally-recognised courses in automation are expected to...Read More
Did you catch Metal Bulletin's recent web seminar on key factors driving the battery raw materials markets? If you missed it, follow the link below to listen to the free recording: What's driving the battery raw materials market? During the web seminar, members of Metal Bulletin's global battery raw materials team discussed: EV subsidies and government policy in China and beyond Changes...Read More
Corvus Gold's Mother Lode Project near Beatty, southern Nevada. Source: Corvus Gold Inc.Corvus Gold Inc. [KOR-TSX; CORVF-OTCQX] on Thursday April 5 said it has received the results from three step-out holes in the northwest quadrant of its Mother Lode Project in southern Nevada. Assay results returned encouraging intercepts showing continued expansion of the Mother Lode deposit, the company said i...Read More
Aurora Cannabis Inc. (TSX:ACB) and CanniMed Therapeutics Inc. (TSX:CMED) sign a letter of intent to become a preferred supplier of medical cannabis to PharmasaveSmallCapPower | April 5, 2018: Aurora Cannabis Inc. (TSX:ACB) and CanniMed Therapeutics Inc. (TSX:CMED) announced on Wednesday that CanniMed has signed letter of intent (LOI) to become a preferred supplier of medical cannabis to Pharmasave...Read More
China just put $3 billion worth of tariffs on U.S. imports, including pork products and soybeans used to feed pigs.But the joke is on them because the Chinese company WH Group (OTC: WHGLY) bought Smithfield Food in 2013 for $5 billion. The shares dropped 11% when China went ahead with its 25% tariff.Other pork producers, including Tyson Foods (NYSE: TSN), also saw their share prices fall.Pigs Get...Read More
Turkish steel mills went through Thursday April 5 with no deep-sea bookings and prices remaining stable, according to sources in the market.The most recent deal was for a Baltic Sea cargo sold at $356 per tonne cfr for HMS 1&2 (80:20), $361 per tonne for HMS 1&2 (90:10) and shredded,...Read More
Chatham Rock Phosphate Limited (TSXV: NZP, NZAX: CRP) aims to be the premier supplier of direct application phosphate to the New Zealand and global agricultural sector. Chatham Rock Phosphate is the custodian of New Zealand's only material resource of ultra-low cadmium, environmentally friendly pastoral phosphate fertilizer. Chatham Rock Phosphate Ltd holds a mining permit over an area off the coa...Read More
The marijuana stocks on our list are expected to generate significant EBITDA growth over the coming yearSmallCapPower | April 5, 2018: The Horizon Marijuana Life Sciences Index is down 24% since its peak in January, but is up 12% M/M. As recreational legalization in Canada approaches this summer, the marijuana stocks on our list today have plans to meet the upcoming demand. If the marijuana sector...Read More