Torex Gold updates Morelos Complex plans
Torex Gold Resources (TXG.TO) has released an updated technical report for the Morelos gold complex in Mexico, including an integrated life of mine plan and economics for the El Limón…
Metals and Minerals Markets
Miners welcome Biden’s Defense Production Act use as ‘urgently’ needed
Mining companies and analysts have described U.S. President Joe Biden’s decision to authorize the Defense Production Act to increase battery metals production and reduce the country’s reliance on China and…
Investments from autocratic states need full ICA review, says parliamentary committee
All investments made by firms from authoritarian regimes should undergo the complete security review process stated in the Investment Canada Act (ICA), a parliamentary committee said in a new report…
Zinc price to remain high in the near term on Russia-Ukraine conflict – report
Market analyst Fitch Solutions Country Risk & Industry Research has revised its 2022 zinc price forecast higher by more than 20% to US$3,500 per tonne. In a market commentary, Fitch…
S&P upgrades Barrick credit rating
S&P Global Ratings has upgraded Barrick Gold’s (TSX: ABX; NYSE: GOLD) long-term corporate credit rating a notch from BBB to BBB+. With a ‘stable’ outlook, S&P in a note said…
Mountain Province rises to 12-month high on diamond market recovery
The Toronto-quoted equity of Mountain Province Diamonds (TSX: MPVD) has achieved a new 12-month high on March 29 after the company overnight reported record free cash flow in 2021 and…
Spanish transport strike halts Orvana’s Orovalle operation
An ongoing transportation strike in Spain has accentuated supply chain disruptions that have forced Canadian miner Orvana Minerals (TSX: ORV) to suspend operations at the critical Orovalle copper-gold operation in…
Atlantic Lithium shares rise on new Ghana resource estimate
The London-quoted equity of Atlantic Lithium (AIM: AAL) has more than doubled over the past 12 months after the company reported on March 24 a new resource estimate on the…
Commodity price spikes could signal lasting market changes – report
Market analyst Wood Mackenzie warns that the ongoing metals and mined commodity price spikes, combined with heightened geopolitical tension, could result in long-lasting market changes. In recent months, factors including…
Copper deficit narrows slightly to 475,000 tonnes in 2021
The global refined copper market showed a 92,000 tonnes deficit in December, compared with a 123,000 tonnes deficit in November, the International Copper Study Group (ICSG) said in a new…
Galway Metals to release new Clarence Stream resource estimate
Galway Metals (TSXV: GWM; US-OTCQB: GAYMF) is preparing to release a new mineral resource update within days encompassing all six of the Clarence Stream gold project’s discovery zones in New…
Wheaton Precious shares drop on earnings miss
The New York-quoted equity of Wheaton Precious Metals Corp. (Nasdaq: WPM: TSX: WPM) fell on Friday after the company overnight reported lower earnings and revenue, missing analyst forecasts for the…