Vital Materials has appointed Nick Boulton as its global sales and product manager, the company told Fastmarkets on Friday January 25. Boulton, who will be based in the United Kingdom in this role, holds over 30 years' experience in multiple roles across a variety of market segments including petrochemicals, fine chemicals pharmaceuticals...Read More
Cobalt prices slumped to near two-year lows last week before stabilizing after a psychological move through $20 per lb incited an improved level of spot inquiries. Fastmarkets' standard-grade cobalt price ended the week at $19-21.15 per lb, in-warehouse, compared with $19-21.40 per lb midweek. Prices had slumped by 9.5% two days earlier. Alloy-grade cobalt prices were slightly lower at $...Read More
Key data from the pricing sessions in London and Shanghai on Friday January 25.ChinaThe Chinese silicon fob price held steady in a quiet export market with few inquiries and only a little trade ahead of the looming Chinese New Year holiday (Feb 4-10).Prices have been underpinned by supply constraints, with some silicon refiners in southern China curbing production to avoid higher electricity...Read More
A summary of OZ Minerals' production results for the year ended December 31, 2018, as well as its production target for 2019. (Full-year total, year-on-year percentage change) Copper concentrate production 115,998 tonnes, +4% Gold production 135,647 oz, +7% 2019 guidance: Copper...Read More
The global antimony market was quiet in the week ended Friday January 25, with trade thinning ahead of Lunar New Year on February 5. In Europe, Fastmarkets' price assessment for trioxide-grade antimony, in-warehouse Rotterdam, was stable week on week at $7,800-8,000 per tonne on Friday. The price for MMTA standard-grade II antimony, in-warehouse Rotterdam, was also unchanged last week at $7,700-7,...Read More
A summary of Imperial's production results for the year ended December 31, 2018 as well as its production target for 2019. IN BRIEF:The company is a Canada-based exploration, mine development and operating company. Through its subsidiaries, Imperial owns the Red Chris, Mount Polley and Huckleberry copper mines in British Columbia. It also holds a 50% interest in the Ruddock...Read More
Chinese ferro-vanadium exporters refrained from offering material ahead of Lunar New Year (February 4-10) and amid a lack of readily available metal, while European ferro-vanadium prices moved up after suppliers held on to their material in a tight market. Chinese ferro-vanadium export price static on thin trading European prices edge higher on tight supply, though spot demand is limited&nb...Read More
The price of ammonium paratungstate (APT) continued its downward trend last week amid weakening demand, while Fanya stock fears re-appeared following news the failed exchange is releasing some indium stocks for auction. APT price falls in China; spot activity picks up in Europe but sentiment still bearish Concentrate price stable amid slow trading European ferro-tungsten edges down on...Read More
Over the last two years, Uranium Energy (NYSE-AM: UEC) has taken advantage of the downturn in uranium markets and acquired uranium projects in the Powder River basin of Wyoming, Canada's Athabasca basin and Paraguay. "When prices are falling you can pull your horns in and sit on your hands, but we've been very active," says Scott Melbye, UEC's vice-president corporate development.At the same time...Read More
Canada's federal government has approved the environmental assessment of Argonaut Gold 's (TSX: AR) Magino project in Ontario.The open-pit project must still receive provincial government approval for the EA and other key authorizations including a construction permit and mine closure plan.A December 2017 feasibility study estimated the open-pit project would produce about 116,000 ounces of gold o...Read More
Goldcorp (TSX: G; NYSE: GG) expects to produce more silver, zinc, lead and gold equivalent ounces in 2019 compared to 2018.The company, which is currently merging with Newmont (NYSE: NEM), produced 630,000 oz. gold in 2018's fourth quarter at $850 per oz. gold all in sustaining costs (AISC). In 2018, it produced 2.29 million oz. gold, and expects to produce a similar amount of gold in 2019.The com...Read More
The gold miners' stocks have slumped in January, tilting sentiment back to bearish. This sector's strong December upward momentum was checked by gold's own upleg stalling out. Gold investment demand growth slowed on the blistering stock-market rally. But uplegs always flow and ebb, and this young gold-stock upleg merely paused. The gold miners' gains will likely resume soon, rekindling bul...Read More
The last year was a harrowing time for investors in one-time investor darling Great Panther Silver Ltd. (TSX:GPR)(NYSEMKT:GPL). The intermediate silver miner saw its market value collapse dramatically in mid-2018, seeing it down by a whopping 41% over the last year compared to around 13% for silver. While considerable doubts exist about Great Panther's ability to improve its performance in the cur...Read More
Silver's stagnant outlook and poor performance since mid-2018, which eventually saw the white metal fall below US$14 per ounce, has weighed heavily on silver miners. Global X Silver Miners ETF, which provides broad exposure to the 10 largest primary silver miners, has lost 17% over the last year, while many individual miners have suffered even greater losses. These include Maya Gold and Silver (T...Read More
The gold miners' stocks have slumped in January, tilting sentiment back to bearish. This sector's strong December upward momentum was checked by gold's own upleg stalling out. Gold investment demand growth slowed on the blistering stock-market rally. But uplegs always flow and ebb, and this young gold-stock upleg merely paused. The gold miners' gains will likely resume soon, rekindling bul...Read More
Weekly Reports |Jan 29 2019Utility interest is building in the uranium market both for term deliveries and spot market purchases.-US nuclear generation set to decline-Kazakhstan cuts production and exports-Spot price moving upBy Greg PeelThe US Energy Administration last week published its 2019 Annual Energy Outlook, which projects US energy markets through to 2050. The report suggests the US will...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJan 29, 2019 The magnificent gold price rally has paused in the $1300 area for the past few weeks.Monday was COMEX option expiry day. With that now out of the way, gold is already staging more upside action! Please click here now. Double-click to enlarge this daily gold chart.A bullish ups...Read More
Vast's 2019 plans were thrown into disarray this month when Mercuria Energy Trading pulled a long-awaited US$5.5 million prepayment financing.Read More
The provisional value was down from the final sales cycles of 2018, which saw global sightholder and auction sales total $544 million, the highest level since the mid-year fifth cycle value of $581 million.It also compared to $672 million in the first sales cycle of 2018, $729 million in the first cycle of 2017 and $545 million in the first cycle of 2016.CEO Bruce Cleaver cited higher than normal...Read More
Drilling the Cangrejos gold-copper project in southwest Ecuador. Source: Lumina Gold Corp.Lumina Gold Corp. [LUM-TSXV, LMGDF-OTCQX] said Tuesday January 29 that drilling at its 100%-owned Cangrejos gold-copper project in southwest Ecuador has resulted in the discovery of a second deposit.The existence of the Gran Bestia deposit was confirmed in the most recent results from a 2018 drilling program...Read More