(Bloomberg) -- After three weeks of intense volatility, metal markets seem to be calming down.Aluminum steadied after a four-day selloff, which was driven the U.S. decision to rein in harsh sanctions against United Co. Rusal. Nickel advanced 1.4 percent as the Philippines moved forward with a plan to limit the area of land miners are permitted to exploit. Most other metals were little changed.&ldq...Read More
Source: Streetwise Reports 04/23/2018With a project located on the site of a massive gold rush, this explorer is attempting to find the hard-rock source of the region's placer gold, and an updated resource is expected any day.Cabral Gold Project MapThe land that Cabral Gold Inc.'s (CBR:TSX.V; CBGZF:OCT) Cuiu Cuiu gold project sits on was once the territory of garimperos, migrating miners who c...Read More
VANCOUVER - Teck Resources Ltd. reported a better-than-expected first-quarter profit as revenue also grew compared with a year ago, helped by improved sales volumes.The miner says its profit attributable to shareholders totalled $759 million or $1.32 per share, up from $556 million or 96 cents per diluted share a year ago.Revenue totalled $3.09 billion, up from $2.85 billion.On an adjusted basis,...Read More
Last week index score: 44.24 (updated)This week: 21.62Prospero Silver (TSX-V: PSL) announced a non-brokered private placement to raise up to C$1.0 million through the issuance of up to 11.1 million units @ C$0.09. The Oreninc Mining Deal Club sent out its sixth financing alert to its subscribers. Sign up today to get the details and an opportunity to participate: www.miningdealclub.comThe Oreninc...Read More
SHANGHAI, Apr 24 (SMM) – Indonesia is likely to export 22.5 million wmt of medium-and-high-grade nickel ore to China in 2018, according to SMM’s calculation.As of April 2018, a total of 32.09 million wmt of nickel ore exports have been approved following the country eased its ban on ore exports in January 2017. SMM expects to see 8 million wmt more this year to be approved.Theoreticall...Read More
Anglo American (LON:AAL) won't resume production at its massive Minas Rio in Brazil until the fourth quarter of 2018 due to two pipeline leaks that forced it to halt operations in March, and which will cause the miner an annual group earnings (EBITDA) loss of $300 to $400 million.The announcement is the last of a string of difficulties Anglo has faced with the mine, which was expected to produce...Read More
SANTIAGO, April 24 (Reuters) - The union of workers at BHP's Escondida copper mine in Chile, the world's largest, told Reuters on Tuesday it had made little progress on an early contract deal with management, making it "highly likely" that no agreement would be struck before official talks begin in June.The union accepted an offer to begin early negotiations with the Anglo-Australian miner in Marc...Read More
WINDHOEK, April 24 (Reuters) - Diamond and uranium producer Namibia may scrap requirements for black ownership in the mining sector as it seeks to woo investors to an industry that is rebounding with the commodities cycle, its new mines minister said on Tuesday.Regional peers such as Angola and Zimbabwe are also trying to kickstart their mining sectors by easing investment rules at a time when oth...Read More
(Kitco News) - Barrick Gold Corp. (NYSE, TSX: ABX) reported late Monday that first-quarter adjusted earnings rose from a year ago despite lower production, with the company’s profitability helped by higher gold prices. Adjusted net earnings climbed 5% to $170 million, or 15 cents per share, from $162 million, or 14 cents, in the first quarter of 2017. According to news reports, this was sli...Read More
It now has full ownership of the project's potential after closing a buy-back of the net smelter returns royalty from Glencore in November for C$11.25 million (US$8.75 million).Highlights of the latest results under the Sprite Zone bog include 6m at 8.36g/t gold from 95m; and a broader 40m at 1.12g/t from 100m.The company said the new bog zone QTP-gold veining was identical to the gold mineralisin...Read More
The new funds raised came via a combination of 12.5c shares issued with warrants attached (convertible at 25c within three years), and 18c flow-through units with the same warrant entitlement.Aben was trading at 16c at the time of writing, capitalising the company at $10.4 million. It traded up to 49c in mid-September last year.Pettit said Aben was keen to start drilling in the Golden Triangle aft...Read More
Palladium bullion has surged a massive 17% in just nine trading days. From $895/oz on Friday April 6th to over $1,052/oz today (April 19th). The price surge is due to palladium being due a bounce after falling in the first quarter and now due to Russian supply concerns.In a volatile month, precious metals and commodities have been the clear winners so far, with palladium having the greatest gain...Read More
Cranbrook-based Eagle Plains Resources (TSX-V: EPL) announced today that it has acquired, by staking, the 711-hectare Slocan Graphite Project, located 32 kilometres northeast of Nelson, British Columbia.According to the company, the property hosts several large flake graphite-bearing outcrops and float occurrences known as the Tedesco Zone. Results from carbon graphite analyses ranged in grade fro...Read More
TORONTO, Apr 19, 2018 (Canada NewsWire via COMTEX) -- Adventus and Salazar Announce Initial 2018 Results at the Curipamba Project, Including 10.35 Metres of 3.85% Copper, 5.12 g/t Gold, 10.34% Zinc, 139 g/t Silver and 0.95% Lead Adventus Zinc Corporation ("Adventus") (ADZN) and Salazar Resources Limited ("Salazar") (SRL) are pleased to announce the first drill holes from the 2...Read More
Goldboro Location MapAnaconda Mining Inc. (ANX-TSX, ANXGD-OTC), on Thursday released more drilling results from the company's Goldboro Project in Nova Scotia.Anaconda shares rallied on the news, rising 4.05% or $0.015 to 38.5 cents in late morning trading, Thursday.The latest results include assays from five drill holes (1,621 metres) of a 30-hole program that commenced in October 2017. The drill...Read More
Metal heads have been very patient in 2018 as Gold continues to press up against breakout resistance.One thing that has been missing is Silver strength... but yesterday's big move by Silver may be the lift that precious metals need.During bull markets for precious metals, silver tends to lead. Similar to small caps, it adds "beta" when bulls are in control. To measure this aspect, investors can...Read More
Investing.com - Gold prices moved higher on Wednesday, as the dollar saw little movement and investors looked ahead to references from the Federal Reserve.Comex gold futures gained $6.40, or around 0.5%, at $1,355.90 a troy ounce by 10:32AM ET (14:32GMT), while the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slipped 0.04...Read More
Silver is a stubborn metal.A $16-17 range.Watch out above.Gold will lead, and silver will take the baton.A bubbling bullish volcano.The price of silver has gone to sleep, and the precious metal is like a hibernating polar bear in summer these days. However, anyone who has bought or sold silver since the late 1970s knows that when the metal awakens, it can be a bucking bronco like no other. Silver...Read More
Mr. Ivan Bebek reportsAURYN INITIATES WORK AND EXPANDS LAND POSITION AT THE SOMBRERO GOLD AND COPPER PROJECTAuryn Resources Inc. has completed a long-term access agreement with the Huancasancos community which covers approximately half of the 2016 Sombrero claims located in southern Peru. The agreement gives Auryn surface access where exploration programs are under way in anticipation of an initia...Read More
Conflict with Syria should bolster gold's safe-haven demand.Silver has lagged, but is not a major factor for gold right now.Oil price strength is pointing to higher gold prices intermediate term.As if investors don't have enough incentives for safety purchases of the yellow metal, they just got another one over the weekend. The U.S.-led air strike on Syria in retaliation for the apparent use o...Read More