September 27, 2023

Northisle stock surges to highest in a year on near-surface gold hits

The 33,000-hectare North Island property hosts a number of porphyry copper and gold occurrences at varying stages of development.

September 27, 2023

Trafigura gets $500 million to buy Saudi’s non-crude commodities

The three-year deal gives Trafigura a big new chunk of credit tor trading at a time when energy prices are rising again.

September 27, 2023

Gold price down 1% with higher Fed rate bets supporting dollar

On the flip side, gold continued to find some support from robust physical demand.

September 27, 2023

China’s gold prices surge, hitting a record against the world

On Wednesday, an ounce of gold in Shanghai cost $2,007, about 6% higher than the price in London or New York.

September 27, 2023

Climate targets threatened by lack of mining investment: McKinsey

Report reveals looming shortages of minerals key to the energy transition as low commodity prices cause investors and miners to cut spending.

September 26, 2023

Short sellers mount attack on ESG stocks bloated from green hype

Hedge fund managers are piling into short positions in ESG stocks as they hunt for bogus green claims and valuations inflated by record stimulus.

September 26, 2023

K92 extends Trafigura partnership with $100 million loan, longer offtake

The company expects first drawdown to occur in early to mid-Q4 2023.

September 26, 2023

China scoops up cheap Indian iron ore in bid to trim steel costs

Indian iron ore exports have surged as steel mills switched to lower-grade, cheaper feed in the face of dwindling profits.

September 25, 2023

New Pacific Metals raising $26 million to advance Bolivia projects

Both Silvercorp Metals and Pan American Silver, current shareholders of the company, have expressed their desire to participate in the offering.

September 25, 2023

Iron ore price at 2-week low on possible steel output curbs

"It becomes increasingly clear that demand has hit the ceiling amid weaker-than-expected steel sales for September and October," one analyst says.