Gold price back above $1,700 as 2020 ETF inflows surpass any calendar year

According to the Zimnisky Global Rough Diamond Price Index, rough diamond prices have climbed 8.9% in the last 3 months.

The news comes two weeks after Taseko revealed it was considering restarting the molybdenum circuit at Gibraltar mine, which has been idled since the third quarter of 2015 due to low metal prices.

Yamana will receive consideration in the form of cash and equity securities, the value of which was $140 million at the time of negotiations.

Imperial, Canada’s No.2 integrated oil producer and refiner, posted a surprise $181-million loss in its second quarter.

Deal comes at a time of improved steel demand from China and mimics an effort by the UK government to rescue Tata Steel's Port Talbot operations to save jobs.

The largest crude oil producer in Canada announced net losses of C$735 million after Alberta wildfires near Fort McMurray forced its oils sands operations to be temporarily suspended back in May.

Systematic cost cutting has taken some strain off Teck's balance sheet over the last few years as metal prices have slumped.

The potential sale of its its 64% interest in Acacia would be part of Barrick's broader strategy of selling non-core assets to reduce debt.

CAT said commodity prices remain on the low end and had yet to translate into increased mining activity or higher demand for equipment.