Copper price rally could be short-lived, analyst says
Copper prices surged to their highest levels in nearly three months on June 11, reaching US$5,801.5 per tonne (US$2.63 per lb.) on the London Metals Exchange (LME), up almost 20%…
Copper
Imperial, Newcrest confirm high-grade mineralization at Red Chris
Exploration drilling has confirmed the continuity of high-grade mineralisation at the Red Chris copper-gold mine in northwest British Columbia, 80 km south of Dease Lake and 1,700 km from Vancouver….
Evrim Resources and Renaissance Gold join in ‘merger of equals’
Evrim Resources (TSXV: EVM) is combining forces with Renaissance Gold (TSXV: REN; US-OTC: RNSGF) in a ‘merger of equals’ and forming a new company called Orogen Royalties that will focus…
Taseko maintains production through pandemic
While gold miners have been stealing the pandemic limelight as that precious metal’s price has soared, copper miners have struggled with the collapse of their main markets, like China, and…
Electrum fund boosts stake in Nickel Creek Platinum
The Electrum Strategic Opportunities Fund has increased its interest in Nickel Creek Platinum (TSX: NPC; US-OTC: NCPCF) to 33.88% following the closure of the second tranche of a private placement….
BloombergNEF forecasts 18% drop in electric vehicle sales
BloombergNEF, the primary research service for Bloomberg, is forecasting an 18% drop in electric vehicle (EV) sales this year due to disruptions to battery metals supply chains from the COVID-19…
Copper price rally builds on China spending
Copper advanced to a 12-week high on June 4 as China’s US$700 billion stimulus program focussed on so-called “new infrastructure” and “new urbanization” kicked into gear. Copper trading in New…
SolGold seeks US$20M to prevent takeover attempts
Ecuador-focused miner SolGold (TSX: SOLG; LSE: SOLG) is bolstering its defences against a takeover by fundraising to raise a minimum of £16 million (US$20 million) as top miners try to…
Atlantic Nickel hits milestones at Santa Rita in Brazil
The Santa Rita mine in Brazil — one of the largest open-pit nickel sulphide mines in the world — remains fully operational with limited disruptions to the supply chain, owner…
Centerra Gold kicks off commercial mining in Turkey
Centerra Gold (TSX: CG) has declared commercial production at its Öksüt mine in Turkey, four months after it poured first gold at the operation. The Toronto-based company now has three…
US markets advance, May 25-May 29: Vale, Cleveland Cliffs, Fortuna Silver, Barrick
The Dow Jones Industrial Average rose 3.75% to 25,383.11, and the S&P 500 increased 3.01% to 3,044.31. Spot gold fell US$4.00 per oz., or 0.23%, to finish the trading week…
TSX rises, May 25-29: Endeavour Mining, Yamana, RTG Mining, Guyana Goldfields
The S&P/TSX Composite Index rose 1.87% to 15,192.80 during the May 25-29 trading week. The S&P/TSX Global Mining Index fell 2.49% to 86.50 and the S&P/TSX Global Base Metals Index…