Recent News

Gold Prices Slump as Trade Tensions Ease

April 06, 2018 / www.investing.com

Investing.com - Gold prices fell on Thursday as risk appetite recovered amid investor bets that recent tariff announcements by the U.S. and China are negotiating tactics and the countries will ultimately reach a compromise.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $10.20 or 0.75% to $1,330.00 a troy ounce by 03:30 AM ET (07:30 AM GMT).Prices of t...Read More

Alloy Resources confirms new cobalt targets at Broken Hill

April 04, 2018 / finfeed.com

Australian gold and cobalt explorer AlloyResources Limited (ASX:AYR) has announced that it has received assays from alarge soil sampling program at the Ophara cobalt-gold project, and they showextensive new cobalt mineralization trends over a 60 square kilometre area.Further, the assays indicate that the GreatGoulburn anomaly extends from 700 metres to over 3 kilometres, as well as indicatenew ano...Read More

Zinc smelters operating rates to dip further in Apr

April 04, 2018 / news.metal.com

SHANGHAI, Apr 4 (SMM) - The operating rates of Chinese zinc smelters are likely to dip further in April, following a 2.14-percentage-point month-on-month drop in March, an SMM survey showed.This is because more smelters are expected to carry out maintenance this month although some will resume normal operations.The operating rate in March stood at 72.31%, according to the SMM survey. Zin...Read More

GLOBAL ZINC & LEAD WRAP: Zinc, lead premiums trade sideways, market eyes spreads

April 04, 2018 / www.metalbulletin.com

Zinc and lead premiums were largely unchanged this week, with market attention on forward spreads, which have turned once again to backwardation. Zinc premiums remain unchanged globallySpreads return to backwardation, could pressure premiumsLead rates unchanged Premiums for Special High Grade zinc ingots remain unchanged in Asia, Europe and the United States this week, but the market is keeping a...Read More

Copper price bears are out as first surplus in six years predicted

April 04, 2018 / www.mining.com

On Tuesday copper for delivery in May advanced to a two-week high on the Comex market in New York at $3.065 per pound or $6,755 a tonne after positive manufacturing data from China, the globe's number one metals consumer.Copper is still down 8% so far in 2018 and the bellwether metal's dimmer prospects is nowhere more evident than on derivatives markets and the shift in positioning of large-scal...Read More

GLOBAL TIN WRAP: Premiums steady with focus staying on Indonesia

April 04, 2018 / www.metalbulletin.com

Global tin premiums barely moved this week on a lack of spot business between the Easter and Tomb Sweeping holidays, but a slight uptrend remained in place amid tightening supply from key exporter Indonesia.Most of Europe had a long weekend at the start of the month for Easter, with some prolonging the break to a week while China has also been slow ahead of the Tomb Sweeping festival on April 5-6....Read More

Kinross Gold Mining FCPA Settlement: SEC Continues Internal Controls Focus

April 04, 2018 / dlvr.it

The SEC continues to exercise its powerful enforcement tool - internal controls violations - in FCPA enforcement actions against public companies. Kinross Gold Corporation is the latest company...Read full newsRead More

Bonterrra Resources drills 3m of 17 g/t Au at Gladiator

April 03, 2018 / www.stockwatch.com

Mr. Nav Dhaliwal reportsBONTERRA EXTENDS GLADIATOR GOLD DEPOSIT FURTHER WESTWARD 17.8 G/T AU INTERSECTED OVER 3.0 METERSBonterra Resources Inc. has released the latest results from the continuing winter drilling campaign at the Gladiator gold deposit, including an intersection of 17.8 grams per tonne gold over 3.0 metres. High-grade intersections extend multiple zones westward, adding strike lengt...Read More

Calibre\'s JV partner releases NI 43-101 Borosi estimate

April 03, 2018 / www.stockwatch.com

Mr. Greg Smith reportsCALIBRE MINING ANNOUNCES THAT JOINT VENTURE PARTNER IAMGOLD HAS REPORTED AN INFERRED MINERAL RESOURCE ESTIMATE OF 812,000 GOLD EQUIVALENT OUNCES ON THE EASTERN BOROSI PROJECT, NICARAGUACalibre Mining Corp.'s joint venture partner Iamgold Corp. has released an initial and updated National Instrument 43-101-compliant inferred mineral resource estimate on the Eastern Borosi gold...Read More

Oreninc Index increases as brokered and bought deals return,April 2, 2018

April 03, 2018 / www.miningfeeds.com

Last week index score: 28.01 (updated)This week: 42.63Zinc One Resources (TSXV:Z) received the first results from drilling at its Bongar?? zinc mine project in north-central Peru.NuLegacy Gold (TSXV: NUG) said late winter storms deposited as much as three feet of snow on parts of its Red Hill property in the Cortez gold trend of Nevada, USA.Prospero Silver (TSXV: PSL) announced the results of the...Read More

Anglo suspends Minas-Rio operations for 90 days

April 03, 2018 / www.mining-journal.com

It said in a statement that the operation had been suspended since the leak detection on March 29 so that it could carry out a full inspection of the 500km pipeline that carries iron ore in slurry form from the mine to the export terminal in Rio de Janeiro. Read More

Orefinders in deal with Kerr to acquire Abitibi properties

April 03, 2018 / resourceworld.com

Headframe of the McGarry Mine that Orefinders is acquiring from Kerr Mines. Source Orefinders Resources Inc.Orefinders Resources Inc. [ORX-TSXV, OTC-ORFD] said Tuesday April 3 that it has entered into a definitive agreement to acquire a 100% interest in the McGarry Mine and Barber-Larder properties from Kerr Mines Inc. [KER-TSX]. They are collectively known as McGarry."We are very pleased to annou...Read More

Gold Prices Move Higher on Softer Dollar, Trade Tensions

April 03, 2018 / in.investing.com

Investing.com - Gold prices pushed higher on Monday boosted by the softer dollar and in escalation in trade tensions between the U.S. and China, which underpinned safe haven demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange rose $8.00 or 0.6% to $1,335.3 a troy ounce by 04:39 AM ET (08:39 AM GMT).China announced Monday that it is...Read More

Romios (TSXV: $RG) Signs Letter Agreement with Mcewen Mining to Sell Timmins Hislop Property

April 03, 2018 / www.investorideas.com

Toronto, Ontario - April 3, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) ("Romios" or the "Company") is pleased to announce that it has signed an agreement with McEwen Mining Inc. (the "Letter Agreement") to sell the Company's Timmins Hislop property (the "Roger Gold Property") in Hislop Township in the Matheson gold camp, On...Read More

Gold Weekly: Facing A Volatile Macro Backdrop

April 03, 2018 / seekingalpha.com

Gold experiences wild swings amid a volatile macro backdrop.Speculators turned very bullish on gold over March 20-27, the CFTC shows.But ETF investors took some profit, FastMarkets' estimates show.Elevated trade war fears set to dominate the market in near term. This is dollar-negative.I have a long position in IAU, expecting a fresh 2018 high in Q2. Source: Pinterest. Introduction Welcome to my G...Read More

"The recovery of micro-diamonds is extraordinary"

April 03, 2018 / www.mining-journal.com

Shares in the Eric Sprott-backed company, which started trading on the TSX Venture Exchange on November 29 following its reverse takeover of Consolidated Westview Resource Corp, shot up 150% yesterday to close at C60c."The recovery of micro-diamonds is extraordinary given that the primary objective of the laboratory process was to extract kimberlite indicator minerals, not diamonds," president and...Read More

Gold Fields acquires 45% stake in Asanko gold mine...

March 29, 2018 / www.mining-journal.com

The US$185 million acquisition will provide access to the mine, as well as associated properties and exploration rights of the multi-deposit complex. The latter includes the two main Nkran and Esaase deposits and nine known satellite deposits.Read More

STEEL WEEK IN BRIEF: Falling raw materials prices, EU safeguard probe, China's Cisa conference...

March 29, 2018 / www.metalbulletin.com

Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices recovered to $65 per tonne cfr China on Thursday March 29, despite limited physical trading in China, after reaching $63 per tonne on Wednesday.Fortescue Metals Group (FMG) has revised its guidance for the prices it expects to realize for iron ore sold in the year ending June 30, amid su...Read More

Fjordland (TSXV: FEX) Options Property from Unity Resources in Labrador

March 29, 2018 / www.investorideas.com

Vancouver, British Columbia - March 29, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Fjordland Exploration Inc. (TSXV: FEX) ("Fjordland") announces a Letter of Intent has been signed with Unity Resources Inc. ("Unity") granting Fjordland the option to acquire a 65% interest in one mining claim located in the South Voisey's area, Labrador. Under the terms of the agreement, Fjordland has the o...Read More

International miners seek revisions to punitive DRC code

March 29, 2018 / resourceworld.com

Shaft 1 head gear for the Platreef Project, South Africa. Source: Ivanhoe Mines Ltd.Ivanhoe Mines Ltd. [IVN-TSX; IVPAF-OTC] on Thursday March 29 said a formal proposal outlining recommended changes to the 2018 national mining code has been submitted to the Democratic Republic of Congo's Minister of Mines by a group of international mining companies that includes Ivanhoe.The announcement follows re...Read More

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