Canadian miner Hudbay Minerals (TSX, NYSE: HBM) scored a big win this week after the U.S. Forest Service approved the company's mine plan of operations (MPO) for its $1.9 billion Rosemont copper project in Arizona."Rosemont is now a fully permitted, shovel-ready copper project and we look forward to developing this world-class asset," president and chief executive Alan Hair said in a statement.T...Read More
This week’s dovish Federal Reserve statement gave gold a boost and in the aftermath, analysts have been talking up the prospect of a real change in fortunes for junior gold stocks. John Kaiser, of Kaiser Research, said that following a “pretty lame start to 2019” for junior mining stocks an upturn could finally be on the way. Junior gold mining companies in particular co...Read More
Endeavour Mining Corp. of London has poured its first dor?(C) bar from its Ity carbon-in-leach project four months earlier than planned and well under its $412 million budget. The bar contains about 1,800 oz. of gold.The CIL plant is already running at its 4 million t/y capacity following the quick ramp up. Commercial production will probably be declared early in Q2 2019.Endeavour has launched an...Read More
The venture, which replaces a hostile takeover bid by Barrick, could produce synergies of $4.7 billion without the integration issues of a merger. It may have been what both companies were looking for all along.Read full newsRead More
Australia's largest gold producer, Newcrest Mining, (ASX: NCM) is acquiring a 70% joint-venture interest in Imperial Metals' (TSX: III) Red Chris copper and gold mine, located in British Columbia, Canada, as part of an ongoing push by the world's top bullion miners to get even bigger.The Melbourne-based company, which is also the world's No. 3 gold producer by market value, is paying Imperial $806...Read More
By: Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price edged quietly sideways once trading began at 6:00 p.m. EST on Thursday evening in New York -- and that lasted until around 9:20 a.m. China Standard Time on their Friday morning. It began to head higher from there -- and that lasted until shortly before 9:30 a.m. in London. It crept quietly lower from that juncture un...Read More
Indonesian state miner PT Aneka Tambang (Antam) targets to start operation of its ferronickel smelter in East Halmahera in the second half of this year, with initial production target of around 5,000 tonnes of nickel in ferronickel (TNi), Finance Director Dimas Wikan Pramudhito said.The plant will have a production capacity of 13,500 TNi, increasing Antam's overall ferronickel production capacity...Read More
The London Metal Exchange (LME) is launching seven new cash-settled futures contracts on Monday, including hot-rolled coil (HRC) steel, alumina and cobalt, aiming to attract more business after profits fell last year.The world's oldest and largest market for industrial metals wants a stronger portfolio of products as competition intensifies with rival exchanges, such as CME Group Inc. of the Unite...Read More
The Toronto conference of the Prosecutors and Developers Association of Canada (PDAC) gave investors and analysts a chance to discuss the M&A surge among major gold companies and its potential effect on the smaller gold stocks this week. Even though the initial $18bn hostile bid by Barrick for rival Newmont - which aims to create the world’s largest gold mining group - is not ne...Read More
Eric Sprott discusses the latest US jobs numbers as well as other global factors that are driving gold and silver prices.Read More
"INN VIDEO - Brian Leni, Founder of Junior Stock Review: M&A is Good for the Market, Here's Why. Watch the interview at https://t.co/P0xrxNS02N @Junior_Stock #preciousmetals #gold #investing"Read full newsRead More
Today, Greg Rickford, Minister of Energy, Northern Development and Mines, and Bronwyn Eyre, Saskatchewan's Minister of Energy and Resources, have issued the following statement on the release of the Canadian Minerals and Metals Plan:"The federal government has released its Canadian Minerals and Metals Plan (CMMP) to identify opportunities for the Canadian mining industry, with the goal of position...Read More
China's nickel futures rose more than 2 percent on Monday alongside steel p...Read full newsRead More
"Anaconda Mining Intersects 59.39 G/t Gold Over 7.0 Metres And 6.17 G/t Over 8.0 Metres at Argyle; Provides Infill Drilling and Development Update https://t.co/sKIkc7hM8E"Read full newsRead More
The M&A battle among the world’s biggest gold diggers intensified this week, with Barrick bearing its teeth in a US$18 billion hostile bid for arch rival Newmnont. The move was immediately blasted as “desperate” and “bizarre” by Newmont’s CEO, Gary Goldberg. He suggested the “at market valuation” offer - actually a discount to recent sha...Read More
Jim Cramer talks with Barrick Gold CEO Mark Bristow about his company's bid for Newmont Mining.Read full newsRead More
"NEWS! Metallurgical testing at our PEA-stage Baptiste deposit achieves significant improvements in recovery and grade, including the production of a 72% #nickel concentrate and 64% Fe iron ore by-producthttps://t.co/JHZnO4CKbE"Read full newsRead More
France's Eramet said on Wednesday it would make a fresh effort this year to...Read full newsRead More
Fitch Solutions' industry trends analysts have revised Canada's 2019 gold mine production growth forecast up to 6% from 2% predicting production to grow robustly as new projects come online over the coming quarters.Canada's dominance in attracting exploration investment has resulted in a strong gold project pipeline set to come online in 2019. Over the past decade, Canada has been able to attract...Read More
Talk that nickel stocks are being run down gave a boost to some of the nickel mining companies in a week where gold and copper posted high points. Ambitious Canadian explorer FPX Nickel Corp (FPX.V) shared an infographic by commodities giant Glencore, which projected likely inventory drawdowns for nickel, zinc and copper for 2019. In the case of nickel and zinc, inventory declines were fo...Read More