Few gold exploration hot spots are going to be hotter this northern summer than key districts in Ontario, Nunavut and British Columbia, with the Golden Triangle in BC a standout in terms of gold and copper discovery potential. After a successful 2017 exploration program, GT Gold Corp is well-funded for follow-up drilling of exciting near-surface vein system, and deeper intrusive, targets. In the f...Read More
CALGARY, Alberta, May 10, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to announce that it has retained the services of Renmark Financial Communications Inc. to handle its investor relations activities.“We are pleased to announce that we have selected Renmark to reinforce Copper Fox Metals Inc.'...Read More
Wood Mackenzie principal analyst Farid Ahmed told the Battery Council International convention in Tuscon at the end of April that the growth rate in EVs was set to be "phenomenal", although it would start from a very low base.Read More
MIDROC Gold Mine's Lega Dembi mine in the country's south has been hit by protests recently over its environmental impact. Ethiopia's mining ministry ramped up anger last month by renewing the two-decade old mine's licence, Reuters said, and local media reported two protesters were killed by state security. Following two weeks of protests, mining ministry spokesman Bacha Faji told s...Read More
Recent data released by the Northern Australian Geochemical Survey reveal that there are potential copper hotspots on the Queensland-Northern Territory border.This is according to the Minister for Resources and Northern Australia Senator Matt Canavan who, in interview with The North West Star, explained that surface soil samples collected at 776 sites yielded significant concentrations of copper,...Read More
British Columbia's mining industry remains upbeat in 2017, as prices for most metals and minerals produced in the province continue to steadily recover from multi-year lows. Although most commodity prices remain below the record highs seen in 2011, the recent increases are part of an upward trend in the mining cycle, according to PwC Canada's 50th edition of their annual report on the mining indu...Read More
A foreign-backed miner has sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims, according to a lawsuit filed in March that will be carefully watched by potential investors being courted by the country's new government.The little-known and remote Maricunga salt flat is far smaller than the expansive Salar de Atacama, where top lithium producers Albemarle...Read More
SHANGHAI, May 9 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index broke the 93 level and registered a fresh, four-month high of 93.29 overnight following hawkish comments from the Federal Reserve Board chairman Jerome Powell. US President Donald Trump’s announcement to withdraw the US from the Iran nuclear de...Read More
Investing.com - Gold prices edged lower on Tuesday as strength in the dollar continued to act as a headwind for the precious metal. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange dipped $1.90 or 0.14% to $1,312.20 a troy ounce by 04:31 AM ET (08:31 AM GMT).Last week prices fell to their lowest levels in two months and posted a third consecutive weekly decl...Read More
(Adds futures, company events)May 8 (Reuters) - Britain's FTSE futures FFIc1 were down 0.02 percent ahead of the cash market open on Tuesday.* TAKEDA-SHIRE: Takeda Pharma 4502.T agreed to buy London-listed Shire SHP.L for 46 billion pounds ($62.42 billion) on Tuesday after the Japanese company raised the amount of cash in its offer to $30.33 to secure a recommendation. WILLIAM HILL: British book...Read More
Major miners need to boost their reserves, and one way for them to do that is to invest in junior mining exploration corporations to find the next great deposit.Here is a list of the companies that Barrick Gold (TSX-V: ABX) has invested in.1) ATAC Resources (TSX-V: ATC) ATAC is a Yukon-based exploration company focused on developing Canada's only known Carlin-type gold district alongside Barrick a...Read More
The company said Wednesday the 90% gold recovery had been indicated from leaching test work, with recoveries of up to 97% reported from some tests.Read More
The copper, zinc and gold miner has taken on Hatch because of his investment banking experience. An engineer by trade, Hatch has also worked at RBS and ING. Vast chairman Brian Moritz said he would be a strong addition to the current five-person board. "We are very pleased to welcome Nick to the Board and believe his experience and technical insight will assist Vast as we develop ou...Read More
SHANGHAI, May 9 (SMM) – Nonferrous metals futures dipped for the most part on Wednesday May 9 as SHFE copper led declines with a drop of over 1%. Nickel, tin, and aluminium fell nearly 1%, and zinc inched down. Lead closed slightly higher. The ferrous complex fell across the board on Wednesday. Rebar and coke dipped over 2%, hot-rolled coil and coking coal lost nearly 2%, and iron ore l...Read More
Two diamond drill rigs are drilling scissor holes following the discovery hit of 928m grading 0.3% copper and 0.27 grams per tonne gold (equating to 0.47% copper equivalent) from 458m.Both holes are currently said to be in mineralisation, with step-out holes planned.The discovery hole was terminated in mineralisation because the company assessed the drilling was "very slowly passing out of the sys...Read More
SHANGHAI, May 9 (SMM) – Spot copper was mostly offered at a premium of 20-100 yuan/mt over the SHFE 1805 contract on Wednesday May 9 in the Shanghai market. This compared with a premium of 10-70 yuan/mt on the previous day. Transactions were more active than the last two days, mostly driven by restocking across downstream consumers, SMM learned. High-quality copper traded...Read More
The company reported a net loss of US$7 million, or $0.02 per share, for the March quarter, which compared to a net loss of $1.5 million a year ago.Read More
SHANGHAI, May 9 (SMM) – This is a roundup of China's base metals output in April. SMM surveyed major producers in the market to obtain information for calculation.Copper: China's refined copper output came in at 737,800 mt in April, up 3.4% month on month and up 14.2% year on year, an SMM survey showed. Output in the first four months of this year stood at 2.86 million mt, up 11...Read More
Petropavlovsk founders Peter Hambro and Pavel Maslovskiy were ousted last year in June and July, respectively, as former major shareholder Viktor Vekselberg led a coup against the board. Read More