Hecla Mining Co., headquartered in Coeur d'Alene, Idaho, has filed an updated resource estimate for the Casa Berardi gold mine 95 km north of La Sarre, in the Abitibi region.Using a gold price of $1,200 per ounce, Hecla estimates the Casa Berardi reserves contain 1.9 million oz. of gold. The largest increases occurred in the proposed west mine crown pillar and principal pits.Proven and probable re...Read More
Apr 02, 2019 Guest(s): Juan Carlos Artigas Director of Investment Research, World Gold Council Gold has seen a steady uptrend, but investors should still pay careful attention to macroeconomic forces, says Juan Carlos Artigas, director of investment research at the World Gold Council. "There are four drivers of gold that investors need to keep an eye on. The first one is economic expansion. Ther...Read More
Blasting specialist BME USA has been awarded a contract by Usibelli Coal Mine (UCM) in Alaska to supply explosive products and accessories.Part of the South Africa-based explosives leader BME, the USA business was established in Denver, Colo., last year. According to Glenn Watt, BME's senior director for sales and marketing in North America, the supply contract with UCM is for one year, with an op...Read More
Sable Resources (TSXV: SAE) has extended the mineralized corridor at its Margarita silver project in Chihuahua State, Mexico, 350 metres to the northwest with results from its ongoing 19 hole Stage 2 drill program.The company is targeting the project's Margarita Vein, where it recently drilled the project's best intercept to date. Hole 24 cut 116.93 grams silver, 0.7% zinc, 0.21% lead and 0.17 gra...Read More
Elysis, a joint venture of Rio Tinto Alcan and Alcoa - has chosen the site for its new research and development facility in the Saguenay-Lac-Saint-Jean region. It will be located at Rio Tinto's Jonquiere complex, home of the Arvida smelter and R&D lab.The new facility should be fully functional in the second half of 2019 and employ more than 25 experts. The lab has the financial backing of the gov...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Tuesday as shares of Walgreens Boots Alliance (WBA - Get Report) declined after the Dow component missed earnings estimates. Dow Inc. (DOW shares climbed 4.8% to $56.04 in their debut on the New York Stock Exchange. Shares of Lyft (LYFT fell slightly in their third day of trading f...Read More
Russian aluminium producer Rusal is again shipping fresh primary aluminium to the United States and Europe following the removal of sanctions against the company in January, according to chief executive Evgenii Nikitin, Rusal's press office told Fastmarkets on Tuesday April 2."The volume [of supplies to Europe and the US] has been fully restored on aluminium. It has not been resumed on alloys, tho...Read More
Nickel was the standout performer among base metals in trading on the London Metal Exchange on Tuesday April 2, with an increase of $35 per tonne making it the only base metal not to show a fall.Tin was one of the worst performers, with its price going down by $220 per tonne to $21,200 per tonne in Tuesday trading.The price of lead fell by $20.50 per tonne to $1,990.50 per tonne, making it one of...Read More
Fastmarkets has corrected its assessment of the premium for aluminium P1020, fca South Korea, duty-free, which was published incorrectly on Tuesday April 2 due to an error.The premium for P1020 in South Korea was incorrectly given as $110-130 per tonne. The correct figure was $115-135 per tonne, unchanged from the previous assessment on March 26. This was correctly displayed in the pricing rationa...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 2, 2019 There’s a time for gold stocks to rally... and a time for consolidation and retracement.Please click here now. We have joy, we have fun, we have gold price seasonality in the sun? To view seasonality on the daily gold chart, please click here now. Double-click to enlar...Read More
Pensana said it had started discussions with financial advisors for the listing after large equity fund Fidelity accumulated a 5% stake in the company. "Listing on the LSE has been a well trodden path for many ASX juniors as they make the transition from explorer to producer," it said. The company is developing the Longonjo NdPr project in Angola, which will produce neodymium and praseod...Read More
Manganese ore prices have diverged according to grade, increasing the gap between 37% and 44% ore after buyers complained about the cost of the low-grade material. 37% manganese ore slides, 44% ticks up Alloy prices diverge in China Indian silico-manganese prices hold steady Alloys stage mixed performance in Europe, USPrices for low- and high-grade manganese ore diverged at the end of March amid m...Read More
Treatment charges (TCs) for spot zinc concentrate continued to rise in March with deals over the $300-per-tonne mark made for clean cargoes.Fastmarkets assessed spot zinc concentrate TCs basis cif Asia-Pacific at $270-305 per tonne last month, up by $55 per tonne from $215-250 per tonne in February.The rise took place amid large tonnages being offered into the Chinese market and with a wide spread...Read More
Based on initial research and a consultation among market participants, Fastmarkets proposes to launch a weekly assessment of electrolytic manganese flake, 99.7% basis, fob China, $/tonne. The introduction of the price will expand Fastmarkets' current price coverage for electrolytic manganese flake, which tracks the Chinese manganese flake market on a regular basis. The proposed new assessment wil...Read More
Jordan Roy-Byrne CMT, MFTAStop me if you've heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let...Read More
By: Ira EpsteinGold bias is down, bouncing around here:Read More
The timing of Lyft's IPO last week could not have been better for Wall Street insiders, since they will have an opportunity to unload their shares into a veritable orgy of greed and ignorance. The stock market looks unstoppable at the moment, and it is making Lyft's $24 billion valuation seem somehow less absurd. Just four months ago, when shares were in the throes of what many of us mistook fo...Read More
US-China trade deal will only a temporary stop gap fix for global economy. Eurozone wants greater access to China. China will try to balance US and Eurozone as it will never want its large population to be used as a dumping ground. The trade between USA-China and Eurozone-China are not addressing long term key thorny trade issues. American politicians and Eurozone politicians want to use China f...Read More
Brazilian miner Vale's revenue from its cobalt business rose in 2018 despite reduced sales thanks to high cobalt prices, according to its production results released on Wednesday March 27. Vale's cobalt sales volumes totaled 4,974 tonnes in 2018, down from 5,013 tonnes a year before. But cobalt revenues were higher year on year at $313 million last year compared with $258 million in 2017. Cobalt p...Read More
Turkish deep-sea scrap import prices fell sharply after confirmation of transactions done late last week, sources said on Tuesday April 2.A steel producer in the Marmara region booked a European cargo, comprising 22,000-23,000 tonnes of HMS 1&2 (80:20) at $308 per tonne and 5,000 tonnes of bonus at $318 per tonne cfr on Thursday March 28.And a mill in the Izmir region booked a UK cargo, comprising...Read More