This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Tuesday was a horrid 44-148-99. The TSX Venture Exchange fell 20 points to 858 while polished diamond prices were flat. Dr. Leon Daniels's Pangolin Diamonds Corp. (PAN) gained one-half cent to fi...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange dropped 20.85 points to 858.33 Tuesday. Carmelo Marrelli and Daniel Crandall's halted NEX shell, Mukuba Resources Ltd. (MKU), plans to acquire a California company called FogChain Inc. The target aims to sell a...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterWest Texas Intermediate crude for March delivery lost 58 cents to $65.56 on the New York Merc, while Brent for March lost $1.06 to $69.46 (all figures in this para U.S.). Western Canadian Select traded at a discount of $27.70 to WTI ($...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Monday was a weak 75-111-105. The TSX Venture Exchange fell 11 points to 879 while polished diamond prices rose 0.1 per cent. Lukas Lundin and Dr. William Lamb's Lucara Diamond Corp. (LUC) gained...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $9.40 to $1,339.90 on Monday. The TSX Venture Exchange fell 11.62 points to 879.18 while the TSX Gold Index lost 6.01 points to 194.70. Canadian gold miners were awash in a sea of red today, with Agnico Eagle Mi...Read More
ASX: MODwww.modresources.com.au Mr. Julian Hanna reports:West Perth, WA / January 31, 2018 / JMN Wire / MOD Resources Ltd (ASX: MOD) is pleased to announce the pre-feasibility study (PFS) for a proposed open pit mine and copper concentrator at its 70%-owned T3 copper-silver deposit in the Kalahari Copper Belt, Botswana has delivered outstanding results.MOD has presented two cases for the PFS, with...Read More
ASX: ARVwww.artemisresources.com.au Mr. David Lenigas reports:West Perth, WA / January 31, 2018 / JMN Wire / Artemis Resources Limited (ASX: ARV) ("Artemis") is pleased to provide a further update to the JORC Code (2012) compliant resource estimates for its 100% owned Carlow Castle Project, which includes Quod Est, Carlow Castle South and Carlow Castle South-East (Cobalt/Gold/Copper) Prospects, lo...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellLundin Gold Inc.'s former law firm, Cassels Brock & Blackwell LLP, denies that it had anything to do with a legal snafu that left Lundin responsible for paying a royalty on a property that it no longer owned. Cassels Brock says that Lundin itself...Read More
http://business.financialpost.com/Turquoise Hill Resources Ltd. and parent Rio Tinto Group's ambition to build one of the world's largest copper and gold mines, called Oyu Tolgoi, in Mongolia's Gobi Desert, has hit a number of stumbling blocks in recent weeks.Last week, Jean-Sebastien Jacques, the chief executive of Rio Tinto, flew to Mongolia's capital city to meet with prime minister Ukhnaagiin...Read More
I added a new stock to my portfolio today.A pretty straight forward story.The stock is Metalla Royalty and Streaming and is listed on the CSE under the symbol MTA.I bought my position at 72 cents per share this morning.The company is a precious metals royalty and streaming company that pays a very very small monthly dividend. Monthly cash flow!Please do your own due diligence.Some links to get you...Read More
Eskom cannot afford to expand its nuclear power capacity, Calib Cassim, acting CFO of the South African utility, said yesterday. Cassim was speaking to reporters during the release of Eskom's financial results for the six months to 30 September 2017.Eskom, which operates the sole nuclear power plant on the African continent, reported a 34% drop in interim profits to ZAR 6 billion ($504 million) du...Read More
Base metals prices on the London Metal Exchange closed in positive territory across the board on Wednesday January 31, supported by dollar weakness. The three-month nickel price remained the strongest performer of the complex throughout the day, supported from dip-buying. "A combination of surging China imports, tightening supplies and fund interest are expected to sustain prices of stainless stee...Read More
An 8% year-on-year drop in Norilsk Nickel's 2017 full-year nickel output pushed up the nickel full-plate premium cif China in the third quarter of 2017 and encouraged Norilsk to offer a historically high long-contract nickel premium of $300-320 per tonne to Chinese trading firms for 2018. Norilsk's total nickel output in 2017 came to 217,000 tonnes, down from year-ago levels of 236,000 tonnes, mai...Read More
Behavioural finance author Ken Norquay adopts a Buddhist prayer to offer his take on some strategic investment advice for the new year. We've just been through what I call The Season of Happy-Happy New Year, Happy Christmas, Happy Holidays. It's that time of year when we wish our fellow humans to be happy. Our Buddhist friends take it one step further: "May everyone be happy; May everyone be free...Read More
Tin premiums for standard material were stable globally in the week ended Tuesday January 30 but the market is looking hungrier for Indonesian material and keenly awaiting exports to resume as expected in the coming days. 99.9% tin premiums stable in Europe and China but a bit higher in the United States Indonesian export permit renewal process still main focus Low-lead tin premiums a...Read More
Sometimes I wonder if the Fed is just toying with the financial media and economic analysts. The Fed's constant threat to raise rates and unwind its balance sheet seems to be taken seriously by most commentators. Even the few analysts I respect, like David Stockman, include the assumption the Fed will reduce its balance sheet by a few hundred billion per year.And yet, nearly 5 years past Ber...Read More
Finnish stainless steelmaker Outokumpu expects to encounter continued cost pressure from high prices for graphite electrodes and ferro-silicon in 2018, it said on Wednesday January 31."We're seeing increases in graphite electrode [contract] prices into the early part of 2018 of more than 300% [year-on-year from the average cost in 2017]," chief financial officer Christoph de la Camp said during a...Read More
Tharisa plans to build two new plants and upgrade another, part of its aim to lift production to 2 million tonnes per year of chrome concentrate by 2020, the South African miner said on Wednesday January 31.An upgrade of the miner's Genesis Plant is scheduled for commissioning in July this yearTharisa is aiming for an increase of 15% or 180,000 tonnes per year in plant throughput, it said, adding...Read More
Canacol Energy (CNE.TO) has been on a winning streak lately as the success ratio of its exploration program in Colombia is very high. After having made numerous discoveries, the Pandereta 2-well completely surpassed our expectations. This well encountered a net gas payzone of 130 feet with an absolute open flow fate of a stunning 140MMcf per day. Using the more 'appropriate' stable flow rate, 35 M...Read More
Tharisa plans to build two new plants and upgrade another, part of its aim to lift production to 2 million tonnes per year of chrome concentrate by 2020, the South African miner said on Wednesday January 31.An upgrade of the miner's Genesis Plant is scheduled for commissioning in July this yearTharisa is aiming for an increase of 15% or 180,000 tonnes per year in plant throughput, it said, adding...Read More