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 bleak 65-113-113. The TSX Venture Exchange gained one point to 899 while polished diamond prices slumped over 2 per cent. Adriaan Bakker's Vanadiumcorp Resource Inc. (VRB) fell two...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 rose $7.80 to $1,340.90 on Tuesday. The TSX Venture Exchange rose 1.34 points to 899.92 while the TSX Gold Index rose 3.48 points to 200.56. Leading the gold stocks was Endeavour Gold Mining Corp. (EDV), whichadded $...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 gained 98 cents to $64.47 on the New York Merc, while Brent for March gained 93 cents to $69.96 (all figures in this para U.S.). Western Canadian Select traded at a discount of $26.75 to...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 closed up 1.34 points to 899.92 Tuesday. Robert Meister's first capital pool shell, the halted Cabernet Capital Corp. (CAB), plans to invest in two Asian tech companies for the shell's qualifying transaction. F...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 CaswellYelena Furman, a New York woman accused of helping Canadian Myron Gushlak as he set up the fraudulent sale of a shell company from prison, has pleaded guilty. She entered the plea in a brief court appearance in Miami on Tuesday, Jan. 23. The judge all...Read More
Bulgaria should accelerate new nuclear build to meet the growing need for reliable, low-carbon electricity, Agneta Rising, director general of the World Nuclear Association, told Energy Commission Members at the Bulgarian Parliament today.Bulgaria has a long-standing positive experience of nuclear energy, recognising the benefits it brings to people and the environment, the London-based Associatio...Read More
Base metals prices on the London Metal Exchange were on divergent paths at the close on Thursday January 25, with the weak dollar still the key supportive factor. The dollar index continued to crumble further; it is now down 13% since the turn of the year and hit a low of 88.43 today. "For the time being, it seems that commodity markets want to push higher, with a weaker dollar being a formidable...Read More
Rio Tinto is in preliminary talks to sell its stake in the Grasberg mine to the Indonesian government, according to the chief executive officer of Freeport-McMoRan.The US company, which operates the Grasberg mine through its 90.64%-owned PT Freeport Indonesia (PT-FI) subsidiary, is providing information to assist the sale process but has no control over its outcome, Richard Adkerson said. "The Ind...Read More
After what seems like a decade in the shadow of tech stocks and cryptocurrencies, gold and silver are rocking again. Which of course leaves everyone wondering if this is the beginning of the long-awaited epic run, or just a head fake preceding yet another grinding, protracted, soul-sucking decline. The following chart has a couple of technical indicators that, if history still matters, shed some l...Read More
Bob Moriarty ArchivesJan 25, 2018If you needed to be reminded that Japan sits on theRing of Fire and what that means for volcanos and earthquakes all you have to do is read about the latest 7.9 earthquake in Alaska. In Alaska the Pacific plate is being subducted under the Aleutian Islands arc. In Japan the Pacific plate is being subducted under the Kamchatka Peninsula arc. As a result you get a lo...Read More
Comex copper prices were little changed in the US morning on Thursday January 25 after the metal experienced outsized price movements over the last couple of sessions. Copper for March settlement on the Comex division of the New York Mercantile Exchange inched up 0.10 cents or 0.1% to $3.2295 per lb. The red metal saw prices tumble to a one-month low on Tuesday before rebounding on Wednesday, sugg...Read More
Analysts at Macquarie have cut their price forecasts for cobalt, citing easing tightness for the battery raw material in the coming years amid expectations of supply growth. Rising output from Glencore's copper-cobalt operations in Africa will push the market into a surplus in the medium term, for example, the analysts said. Cobalt output from Glencore's Katanga mine in the Democratic Republic of...Read More
Ferro-alloys trader Massimiliano Gentile has joined Belgian trading house Metraco, the company told Metal Bulletin. Formerly a senior trader at Euromet SA in Switzerland, Gentile will trade ferro-titanium from...Read More
Trader interest, limited supplies and strong aluminium prices have lent stability to spot alumina prices over the past two weeks. Metal Bulletin's daily fob Australia alumina index settled at $382.29 per tonne on Thursday January 25.The index has settled in a narrow range of $381.16-385.08 per tonne over the past two weeks, underpinned in the mid to low $380s by limited availability of Australian...Read More
Freeport-McMoRan is in talks with a group led by the Indonesian government to negotiate and create documentation for the divestment of a stake in its Grasberg project interests, the company said.The parties have a mutual objective of completing negotiations and the required documentation during the first half of 2018, Freeport added.Freeport operates the Grasberg copper and gold mine through its 9...Read More
Drilling operations are the Bruner Project in Nye County, Nevada. Source: Canamex Gold Corp.Canamex Gold Corp. [CSQ-TSXV; CNMXF-OTCBB, CX6-FSE] on Thursday January 25 released an updated Preliminary Economic Assessment (PEA) report for its Bruner Gold Project in Nye County, Nevada. The updated PEA was prepared in accordance with NI 43-101 standards of compliance. Base case results are predicated o...Read More
Aurora Cannabis Inc. (TSX:ACB) ups its offer for CanniMed Therapeutics Inc. (TSX:CMED) by about 80%SmallCapPower | January 25, 2018: After more than two months of bitter takeover battle, Aurora Cannabis Inc. (TSX:ACB) and CanniMed Therapeutics Inc. (TSX:CMED) announced Wednesday that they have entered into a friendly agreement whereby Aurora will buy CanniMed in a new and revised cash-and-stock...Read More
Xtra-Gold new diamond drill rig at their exploration camp in Ghana, West Africa. Source: Xtra-Gold Resources Corp.Xtra-Gold Resources Corp. [XTG-TSX, XTGRF-OTC] on Thursday January 25 announced "highly encouraging" results from the recently completed Bomaa Gold Project scout drilling program at the company's 100%-owned Kwabeng Concession in Ghana, West Africa.The company said a total of 17 diamo...Read More
After what seems like a decade in the shadow of tech stocks and cryptocurrencies, gold and silver are rocking again. Which of course leaves everyone wondering if this is the beginning of the long-awaited epic run, or just a head fake preceding yet another grinding, protracted, soul-sucking decline. The following chart has a couple of technical indicators that, if history still matters, shed some l...Read More
Turkish steel mills went quiet again in the deep-sea scrap markets on Thursday January 25, but are expected to book more cargoes soon, according to market sources.The mills in the country took time out for a short break for price negotiations at the beginning of the week and returned to the market for a Baltic Sea cargo sold at $354 per tonne cfr for HMS 1&2...Read More