Awalé Resources stock soars on 45.7 g/t gold find
Awalé Resources (TSXV: ARIC) stock soared on Monday after the Newmont-backed gold explorer reported outstanding assay results of 45.7 grams per tonne gold over 32 metres from drilling on the Odienné project in Côte d’Ivoire.
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Copper price soars to 7-month high on China’s plans to cut output
Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut.
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Brazil’s CSN net profit soars on mining performance
Brazilian steelmaker and mining group CSN’s net profit jumped by more than fourfold in the fourth quarter, sending its shares higher on Thursday on the back of a solid performance in its mining business.
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Bluestone stock soars on open-pit OK for Guatemalan gold
Shares in Bluestone Resources (TSXV: BSR) doubled after Guatemala approved a plan to change the contentious Cerro Blanco gold project to an open-pit operation from underground as the company considers selling it.
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Lithium junior Kali Metals soars on ASX debut
Mining News Pro - Shares in lithium explorer Kali Metals (ASX: KM1) jumped as much as 86% on its first day of trading on the Australian Stock Exchange, following an initial public offering in November that opened and closed in under 30 minutes.
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Dalian iron ore soars on stimulus anticipation, strong demand outlook
Mining News Pro - Iron ore futures rose on Tuesday, driven by hopes of economic stimulus measures aimed at bolstering the Chinese economy and anticipation of robust demand.
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Copper price outlook for next year
Copper prices — traditionally a barometer for the global economy — are expected to soar next year
Mining News Pro - The metal has endured a tough 2022 due to tighter U.S. monetary policy, the energy crisis arising from Russia’s war in Ukraine and China’s combination of strict Covid-19 lockdowns and a weak property market.
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CME cobalt contract use soars above LME as big players join
Mining News Pro - Growing volumes for CME cobalt are expected to help the US exchange win market share in contracts for other materials used in electric vehicles such as lithium and aluminum.
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Iron ore price soars as China covid curbs eased despite surge in cases
Mining News Pro - Price benchmarks for steel products and other steelmaking inputs in China, the world’s top steel producer, also stretched gains after authorities announced the measures.
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Swiss steel mill readies for shorter hours as energy bills soar
Mining News Pro - Swiss steel mill Stahl Gerlafingen has gained regulatory approval to put staff on shorter working hours to contend with soaring energy bills that will cost in a month what they normally cost in a year, the NZZ am Sonntag paper reported.
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Glencore profit more than doubles thanks to soaring coal price
Mining News Pro - Mining and commodities trader Glencore (LON: GLEN) posted on Thursday record profit of $18.9 billion in the first half of 2022, more than doubling last year’s figure thanks to its booming thermal coal business.
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Glencore profit more than doubles thanks to soaring coal price
Mining News Pro - Mining and commodities trader Glencore (LON: GLEN) posted on Thursday record profit of $18.9 billion in the first half of 2022, more than doubling last year’s figure thanks to its booming thermal coal business.
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Cameco on the front foot as earnings soar
Mining News Pro - Shares in Canada’s uranium major, Cameco, gained nearly 10% on Wednesday after the company reported higher core profit than expected amid an uptick in uranium prices.
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Nutrien will boost fertilizer production capacity as prices soar
Mining News Pro - The world’s largest fertilizer company will increase production after months of supply disruptions and skyrocketing commodity and food prices.
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Hedge fund run by ex-gold trader soars on Chinese nickel bet
Mining News Pro - As the world was still guessing whether Vladimir Putin would invade Ukraine, a little-known hedge fund in Beijing was already betting that it would happen.
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SQM profit soars on high lithium prices
Mining News Pro - Chilean miner SQM, a major producer of lithium, on Wednesday reported a near twelve-fold rise in quarterly profit as it benefited from higher prices of the metal used in electric-vehicle batteries.
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US, Canadian companies set to soar on Russian uranium ban
Mining News Pro - United States and Canadian-based uranium companies are set to soar on a coming Russian production ban in the Western world, GoldSilver.com’s senior precious metals analyst, Jeff Clark, told an industry audience at the VRIC conference in Vancouver on Tuesday.
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US, Canadian companies set to soar on Russian uranium ban
Mining News Pro - United States and Canadian-based uranium companies are set to soar on a coming Russian production ban in the Western world, GoldSilver.com’s senior precious metals analyst, Jeff Clark, told an industry event in Vancouver on May 17.
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Sibanye bides time on battery metals push as asset prices soar
Mining News Pro - Sibanye Stillwater Ltd. chief executive officer Neal Froneman plans to resume battery-metals acquisitions within two to three years, once inflated asset valuations come down.
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Newcrest quarterly gold output jumps 10% as Cadia production soars
Mining News Pro - Australia’s Newcrest Mining Ltd posted a 10% sequential rise in third-quarter gold output on Thursday, helped by higher mill throughput rates at its Cadia mine and the addition of the Brucejack project after its acquisition of Pretium Resources.
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Newcrest quarterly gold output jumps 10% as Cadia production soars
Mining News Pro - Australia’s Newcrest Mining Ltd posted a 10% sequential rise in third-quarter gold output on Thursday, helped by higher mill throughput rates at its Cadia mine and the addition of the Brucejack project after its acquisition of Pretium Resources.
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Nickel short seller could take $8 billion hit after price soars past $100,000 a tonne
Mining News Pro - The London Metal Exchange (LME) cancelled nickel trading on Tuesday after an unprecedented 250% price spike triggered by Western sanctions against Russia.
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Caterpillar soars as investors hunt for hedges against inflation
Mining News Pro - Caterpillar Inc. shares are headed toward the biggest five-day gain since the pandemic as investors looking for a hedge against inflation flock to the mining- and construction-equipment maker.
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Antofagasta profit, dividend hit records on soaring copper prices
Mining News Pro - Antofagasta saw profits surge to the highest ever last year on soaring copper and molybdenum prices, allowing it to pay the biggest dividend in the Chilean miner’s 134-year history.
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Canada’s Trans Mountain pipeline expansion soars to over $16 billion
Mining News Pro - The capital cost of completing the twinning of the Trans Mountain pipeline has soared to a whopping C$21.4 billion ($16.7bn).
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