Katanga Mining (TSX: KAT; US-OTC: KATFF) lost $116 million in 2018's fourth quarter to end the year with $13.4 million in gross profit, a result of temporary cobalt sale suspensions, higher reagent costs at its Luilu metallurgical plant and increased mine infrastructure and support costs.The company says its fourth quarter loss was partly offset by higher copper sales in the quarter.The company re...Read More

The Mining Association of Canada is introducing a new standard, the Water Stewardship Protocol, as part of its Towards Sustainable Mining initiative. Miners that follow the protocol will improve their environmental performance and sustainability practice.The development of the Water Stewardship Protocol came as a result of years of work and consultation by industry experts and stakeholder groups,...Read More

CSA Global and the Prospectors and Developers Association of Canada announced the winners of the Joan Bath and Peter Howe bursaries. The awards will be presented at the PDAC convention in Toronto during the student-industry networking lunch on March 4, 2019.Rebecca MontsionThe recipient of the Joan Bath award is Rebecca Montsion. She is studying the integration of specialist knowledge and computer...Read More

Montreal-based Osisko Metals has released the maiden resource estimate for its Key Anacon and Gilmour South deposits, collectively the Eastern Bathurst Mining Camp (EBMC) project. The properties are located south of Bathurst.With a 5.5% zinc equivalent cut-off, indicated resources in the Key Anacon Main and Titan zones total 2.0 million tonnes grading 5.77% zinc, 2.38% lead, 0.22% copper, and 68.9...Read More

Roughly one year ago and prior to that we observed that the gold stocks could be following the recovery template from what we deemed a "mega bear market."We define that as a bear market that is over two and a half years in time and over 80% in price. It cuts both ways.The gold stocks from 2011 to January 2016 had declined more than 80% and for more than four years. It was a textbook mega bear mark...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished higher Wednesday following the release of minutes from the January meeting of the Federal Reserve's rate-setting committee. CVS Health Corp. (CVS)  posted stronger-than-expected fourth-quarter earnings but its 2019 profit guidance fell far short of Wall Street forecasts. The stock&n...Read More

Europe frets over the stability of Indonesian tin supply, China sees less product coming from Myanmar and US buyers are trying to wait out the current high tin prices. Europe mulls how to make up for lost Indonesian supply Chinese premiums flat while import window closed US sees little spot buying, with buyers said to be waiting for rising LME tin prices to subside.European premiums flatIn Europe,...Read More

Shanghai zinc premiums softened over the past week on low spot interest due to import losses and a backwardation in London Metal Exchange price spreads, while lead premiums were largely unchanged across the globe, Fastmarkets heard on Wednesday February 20. Shanghai zinc market saw transactions at a lower premium, and import losses hovered around $100 per tonne. The contango of zinc spreads in mid...Read More

Copper's three-month price on the London Metal Exchange was up over 1% at the close of trading on Wednesday February 20, breaching $6,400 per tonne for the first time since July 2018 amid high volumes and dwindling LME stocks. Total volumes traded in copper led the complex with more than 21,000 lots changing hands by the close, the most since January 4. Despite significant buying over the aft...Read More

At 5:15 p.m. on February 19th, Elon Musk tweeted that Tesla would produce 500,000 cars on 2019. The headline hit news terminals globally. The stock jumped over $1 in after hours trading. Four hours later Musk tweeted that he meant Tesla would be producing cars at an annualized rate of 500,000 by the end of 2019. After-hours trading was closed when that "correction" hit Twitter.The next morni...Read More

Bob Moriarty ArchivesFeb 20, 2019Several of my so-called friends have been nagging me for years to write something about the basics of investing in resource stocks. I was quite comfortable with whining about how it was a work in progress and I was thinking about it and someday I intended to actually put pen to paper but they wouldn’t let up. So in the end, I caved and submitted to their brow...Read More

Glencore will cut copper production at its Mutanda mine in the Democratic Republic of Congo by 100,000 tonnes, the company said on Wednesday February 20. Cobalt hydroxide production at the mine, which totaled 27,300 tonnes last year, will not be affected. "In [the fourth quarter] 2018, a significant downward revision in the amount and timing of copper oxide reserves at our Mutanda copper operation...Read More

Gold futures rallied by nearly 2% on Tuesday to log their highest finish since April, as the stock market assumed a defensive stance on the back of the latest round of talks in the U.S.-China trade spat. Financial markets await the latest trade developments, as discussions resumed Tuesday in Washington. A 90-day tariff truce between the parties is set to end at the start of March. President Trump...Read More

By: RambusBelow is the combo chart which has the HUI on top, the UUP in the middle and GLD on the bottom. Everything looks fine.The GDX daily chart shows a nice breakout and backtest to the top rail of the bullish rising wedge and now the door is open for a move higher.Below is the weekly chart for the GDX which shows the breakout starting to gaining some momentum.Below is the weekly chart for...Read More

By: Ira EpsteinMetals roar to the upside - Palladium explodes to the upside. The world wants to inflate:Read More

ASIAN METALS MARKET UPDATEI am not concerned over the rise in gold prices. I was bullish on gold, I am bullish on gold and I will remain bullish on gold. There will be corrections in gold prices. It will not be a one way traffic. What will be the floor price/bottom price if gold prices fall? To me a correction of $100-$125 are a part and parcel of the bull rally in gold. Right now gold should no...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

Key data from the Wednesday February 20 pricing session in Europe. Key drivers  The European ferro-titanium spot price increased, with prices moving up on the low end of the range, after supply worries involving a major supplier prompted short-covering. Ferro-titanium producers and traders say they have been getting more buying interest from Europe and the United States. The producer typicall...Read More

Drill core from Black Iron's Shymanivske Iron Ore Project in Ukraine. Source: Black Iron Inc.Black Iron Inc. [BKI-TSX; BKIRF-OTC; BIN-FSE] said Wednesday February 20 that it has signed a non-binding memorandum of understanding with a subsidiary of Glencore Plc [GLEN-LSE; GLCY-OTC] that could result in financing for the construction of the Shymanivske Iron Ore project in Ukraine.The MOU envisages G...Read More

Turkish scrap import prices went down as expected on Wednesday February 20, following news of a fresh deal for a deep-sea cargo.A steel mill in the Marmara region booked a UK cargo of 10,000 tonnes of HMS 1&2 (80:20) at $316 per tonne cfr.The news of this cargo sent the daily scrap indices down sharply on Wednesday.The daily index for Northern Europe-origin HMS 1&2 (80:20) was...Read More