Trans-Siberian Gold shares jump 6% following positive estimates in Russia

Anastasia Bogdanova | February 11, 2020
img0 Trans-Siberian Gold (LON:TSG) have seen their shares jump on Monday following developments made regarding their Russian operations. The firm said that they had reported a mineral resource estimation of one million ounces of gold at their Rodnikova deposit. Looking at the JORC-compliant estimate, this indicated a mineral resource estimate of 3.1 million tonnes at a grade of ...

Gold production to grow in the next four years: report

MINEX Forum | November 27, 2018
img0 A report by Fitch Solutions states that the period 2018-2022 is seeing a growth in gold production because slightly higher prices and stronger company financials are encouraging greater mine investment. “We forecast global gold production to increase from 104moz in 2018 to 115moz by 2022, averaging 2.6% annual growth,” the document reads.”We expect gold prices ...

Copper price soars to 3-month high

MINEX Forum | June 6, 2018
img0 Copper jumped 3.7% in New York on Tuesday to trade at $3.25 a pound ($7,165 a tonne), the highest since end-February, as worries about supply disruptions in key producing region resurface. Workers at the Escondida copper mine in Chile put down quite a marker in the third round of contract negotiations with part-owner and operator ...

Jet engines help power cobalt to 10-year highs

MINEX Forum | May 25, 2018
img0 The spotlight in the cobalt market has been fixed on electric vehicles but shrinking supply and robust demand from traditional sectors such as jet engine makers are helping fuel a price rally that shows no signs of fading. Cobalt in recent years has become synonymous with electric vehicles as it is used in rechargeable lithium-ion ...

Cobalt bulls advised to buy on dips

MINEX Forum | May 21, 2018
img0 Analysts at Citi Research are optimistic on the outlook for cobalt. In a commodities outlook report dated May 14, 2018, Citi Research said Cobalt prices are set to rise by a further 20% over the next two years on the back of a sustained deficit market and anticipated stock building on the back of high ...