(Recasts after European open, updates levels throughout)* Main European bourses open 0.5-0.7 percent lower* Asian shares end off early lows, E-Minis rise* Dollar steadies after falling for three straight days* Oil steadies after 3.7 percent slumpBy Marc JonesLONDON, April 3 (Reuters) - World share markets struggled to regain their poise on Tuesday, with hopes pinned on a modest Wall Street recover...Read More
Pantoro has repaid all debt to Commonwealth Bank, while hedging 38,000 ounces at A$1724 per ounce (at a rate of about 2000oz per month till October 2019), in order to underwrite operating costs.Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.8 pct* Sterling strength weighs on dollar-earners* Miners rise on China data* Sky gains after Fox says could separate Sky NewsBy Kit ReesLONDON, April 3 (Reuters) - Britain's top share index declined with other European bourses at the start of the second quarter as a stronger pound weighed on its dollar-earni...Read More
Investing.com - Gold prices moved lower on Tuesday, trimming some of the previous day’s gains as U.S. stock futures pointed to a recovery on Wall Street following Monday’s selloff, dampening safe haven demand for bullion.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $5.60 or 0.42% to $1,341.10 a troy ounce by 04:42 AM ET (08:42 AM GMT).Pr...Read More
(Recasts after European open, updates levels throughout)* Main European bourses open 0.5-0.7 percent lower* Asian shares end off early lows, E-Minis rise* Dollar steadies after falling for three straight days* Oil steadies after 3.7 percent slumpBy Marc JonesLONDON, April 3 (Reuters) - World markets battled to regain their poise on Tuesday after another round of tech and trade war worries had clob...Read More
Lupaka Gold Inc. (TSX-V: LPK) has been completing the necessary steps to achieve commercial production at its wholly-owned Invicta Gold project in Peru, located 120 km north of Lima by road. Recently, I had the opportunity to re-visit the mine site to see how work is progressing towards production.It is at this point in the life span of a mining company where institutional investors typically in...Read More
SMM offices will be closed from Thursday April 5 to Friday April 6 for the Qingming Festival holiday. There will be no news publication during this period. For queries, please contact Daisy Tseng at daisy@smm.cn Read More
Results from the newly named Youle vein included 0.58m at 272.1g/t gold and 13.3% antimony; 3.5m at 14.7g/t gold and 10.9% antimony; 0.37m at 120.9g/t gold and 11.1% antimony; 0.57m at 59.8g/t gold and 3.2% antimony; 0.18m at 16.2g/t gold and 55.8% antimony; and 0.15m at 76.4g/t gold and 33.3% antimony.Read More
SHANGHAI, Apr 4 (SMM) – Nonferrous metals traded weakly on Wednesday April 4 as zinc led losses with a drop over 1.1%. Lead lost almost 0.7%, aluminium fell nearly 0.3%, and nickel, copper, and tin edged down.The ferrous complex saw wider drops than nonferrous metals as iron ore slumped some 4.2%. Rebar dipped over 1.1%, and hot-rolled coil slid nearly 1%. Coke and coking coal inched up over...Read More
The fourth set of assays from drilling at the zone contained the highest grades to date and among the highest grades from the entire property, president and CEO Vishal Gupta said.Read More
SHANGHAI, Apr 4 (SMM) – Transactions cooled in the spot market for copper in Shanghai on Wednesday April 4 as premiums were offered at 30-70 yuan/mt against the SHFE 1804 contract. This compared with a premium of 30-100 yuan/mt on Tuesday April 3.Cargo holders made lower offers to cash in on the last trading day ahead of the Qingming Festival holiday, while traders bought on lower...Read More
The inferred resource contains 4.42 million tonnes at 5.72g/t gold-equivalent for 812,000 ounces AuEq, or 700,500oz of gold and 11.36Moz of silver.About 90% of the resource is contained in underground deposits grading 7.05g/t AuEq, with the remaining openpit resource comprising 1.2Mt at 2.13g/t for 82,000oz AuEq.Calibre Mining Corp (CN:CXB), the 49%-owner of the project and the current operator, h...Read More
The company, which has started consolidating its position across the Pyrenees region on the border of France and Spain, said it had concluded a placement with the issue of 26.1 million shares at $0.23, a 13% discount to the 20-day average of $0.265, to leading European institutions including one of the world's largest mining funds.Read More
The company said the board had extended the closing due to the imminent publication of the Tulkubash oxide resource project's feasibility study results later this month, which would give a comprehensive update on the project, including capital and operating costs.It did not give a closing date, after previously giving March 30 as the deadline.In December, the company had decided to raise US$20 mil...Read More
SHANGHAI, Apr 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar inched up and stood firmly above 90 as US stocks rebounded and as the euro edged down.SHFE metals fell across the board, except for copper and nickel, with zinc down close to 1%. Most LME metals gained, with nickel up close to 1%. LME copper touc...Read More
Via an unconventional deal that involves a C$2.6 million (US$2.03 million) investment in new Loncor shares plus a ‘share swap' of $2.5 million worth of Resolute shares for 25 million Loncor shares owned by Loncor founder Arnold Kondrat, the ASX miner has added to a portfolio that already includes a 27% stake in DRC gold explorer Kilo Goldmines (CN:KGL).Read More
SHANGHAI, Apr 4 (SMM) –Copper: The US dollar index climbed up and depressed copper prices following a release by the US of $50 billion of imports from China that could be subject to sweeping tariffs. LME copper moved around the daily moving averages and hit the 20-day moving average, while its SHFE counterpart performed similarly with a narrower trading range. SMM remains bullish...Read More
Benchmark Mineral Intelligence recently hired Andy Leyland from Wood Mackenzie to look at the long term, so Mining Journal asked him how far into the future the themes of early 2018 would continue.Read More
RBC Capital Markets analyst Tyler Broda downgraded the diamond producer from its ‘outperform' rating and moved its target price to £0.80 (US$1.12) per share from the previous £0.85/share.Read More