TSX Venture dips, Jan. 31-Feb. 7: Revival Gold, Integra; Power Metals
The S&P/TSX Venture Composite Index fell 0.18% to 574.16 and gold finished the week at US$1,570.00 per oz., down US$18.50 per ounce. Revival Gold jumped 27¢ to 88¢ after the…
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US markets rise, Jan. 31-Feb. 7: Arch Coal, Peabody Energy, Alcoa; Lithium Americas
The Dow Jones Industrial Average rose 3.0% to 29,102.51 and the S&P 500 advanced 3.17% to 3,327.71. Spot gold fell US$18.50 per oz. to finish the trading week at US$1,570.00…
Chile’s copper output falls on declining grades
Copper production in Chile, the world’s No. 1 producer of the metal, dropped by 44,000 tonnes, or almost 0.8%, last year compared to 2018, amid a perfect storm of falling…
Coronavirus to hit demand for commodities, economists say
Uncertainty over the coronavirus outbreak — which has sickened 43,103 people in 25 countries and left 1,018 people dead (all but two of them in mainland China) — has economists…
BeMetals looks to development path in Idaho
Since B2Gold (TSX: BTO; NYSE: BTG) launched BeMetals (TSXV: BMET) two years ago as a base-metals-focused junior, the company has picked up a development-stage zinc-silver project in southwestern Idaho called…
Bluestone secures US$30M, names Jack Lundin CEO
Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has entered into a US$30 million credit facility led by the French financial services firm Natixis. “We were very pleased to receive support from…
Banro to sell Namoya mine in DRC on security concerns
Banro (TSX: BAA) will put its Namoya gold mine in the Democratic Republic of Congo (DRC) up for sale at a significant discount after repeated attacks from armed rebels forced…
Coronavirus and copper: Don’t expect small SARS-like impact
The copper price continued to recover on Thursday as investors bet on a quick bounce in economic activity in China once the viral outbreak is brought under control. After bottoming…
Mitsubishi acquires 30% of Mantoverde copper mine
Japanese powerhouse Mitsubishi Materials Corporation (MMC) has acquired a 30% stake in Mantos Copper’s Mantoverde mine and associated projects in Chile for US$263 million. MMC has been seeking to participate…
Lucara recovers 549 carat white diamond
Lucara Diamond (TSX: LUC) has recovered a 549 carat diamond from its Karowe mine in Botswana. The mine — one of the world’s most prolific producers of large and high-value…
Shares of lithium miners off to the races
Shares in lithium producers soared on Tuesday with the sector getting caught up in the investor enthusiasm for electric vehicle pioneer Tesla. Tesla’s stock value has doubled since December, and…
Malaysia reverses production ban on bauxite
Malaysia is set to begin issuing bauxite mining licenses in early 2020, four years after it imposed a ban in response to environmental concerns. The Southeast Asian nation produced very…