Canada’s Fortune Minerals scales back mine on weak cobalt
The company says current weak prices for cobalt don't justify expanding daily throughput to 6,000 tonnes from 4,650 tonnes at its proposed Nico project.
Sentiment in the gold mining sector was so negative on Friday that Halifax-based miner's 18.09 g/t gold over 37.8m, including 39.45 g/t over 10.35m, failed to excite punters.