Investing.com - Gold prices fell on Wednesday, nearing their recent two-week lows as a stronger dollar and rising Treasury yields weighed on demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.30 or 0.54% to $1,325.90 a troy ounce by 04:41 AM ET (08:41 AM GMT), within easy reach of the two-week low of $1,323.80 set on...Read More
Company founder and former CEO Giulio Bonifacio left the executive job in February but has stayed on as a director.Nevada Copper said it hired Gili for his project experience in the US state, as Barrick's general manager for the Cortez district.Chairman Stephen Gill said the CEO pick was important as the team moved towards construction of the Pumpkin Hollow underground mine."[Gili] brings an excep...Read More
However, some of the nuggets were "partially embedded in rock matrix", meaning further processing is required to gain an accurate assessment of the grade of the sample.Read More
CEO Fabio Schvartsman said the company had "shown remarkable flexibility and performance during a very complex" March quarter, in which it had experienced lower volumes across several divisions. Read More
The TSX- and US-listed major produced 590,000 ounces of gold in the three months to March 31, a 9.9% drop on the same period last year and an 8.7% drop on the December quarter.Read More
SHANGHAI, Apr 26 (SMM) – Nonferrous metals continued their weak performance on Thursday April 26. SHFE zinc saw a wider decline of close to 3%. Copper, aluminium, lead and nickel dipped. Tin closed slightly higher.The ferrous complex fell across the board. Iron ore led with a loss of over 1%. Coke dropped 0.62%. Rebar, hot-rolled coil and coking coal edged down.Copper: The SHF...Read More
It said Thursday it had joined the WCA to work on securing the long-term sustainability of the coal industry."Our products are delivered to 1,900 customers in 42 countries across the globe, so we know the challenges the coal sector faces now," the company said."Working with other actors in the global market, we look forward to continue contributing to responsible development of the coal industry,...Read More
SHANGHAI, Apr 26 (SMM) – Spot copper with invoices for April was mostly offered at a premium of 240-300 yuan/mt over the SHFE 1805 contract on Thursday April 26 in the Shanghai market, slightly down from the previous day, SMM learned.Lacking support from downstream consumption, trading stayed lacklustre amid sufficient supply. This was despite sellers lowering offers to a premium of 240-250...Read More
So far this year, the company has recovered eight diamonds over 100ct, with this the second largest after the 472ct diamond discovered earlier in April.Lucara also announced that it would sell the 327ct and 472ct diamonds, along with other qualifying diamonds recovered this year, at an exceptional stone tender in June.Bidders will be able to view the stones in Gaborone from June 10 until the tende...Read More
SHANGHAI, Apr 26 (SMM) –Copper: The copper market saw rangebound trading overnight. LME copper stood above all the moving averages with support from the five- and 10-day moving averages. SHFE copper’s trading level slightly rose to between the five- and 60-day moving averages with the 10-day moving average expanding upwards to adhere to the 40-day moving average. We expect LM...Read More
Strategic announced the acquisition in October last year, with Resilience Mining Australia having only bought it from PNX Metals the previous November. The acquisition was completed earlier in April when it issued 41.6 million shares worth A$1.45 million to Resilience.Read More
Mincon said this week recent acquisitions had contributed little of the sales uplift so far, with stronger markets driving organic growth.The manufacturer said while gross Q1 margins "came down a couple of points compared to last year in Q1 to 37% as opposed to the 40% of 2016", a small adverse foreign exchange charge couldn't prevent profit before tax from increasing to 10.8% compared with 9.8% a...Read More
Officially launched last month, the Tradewind platform integrated exchange technology with a "tailored blockchain application", VaultChain Gold, to facilitate trading, settlement and ownership of physical gold.IAMGOLD said in its statement that the platform "securely digitizes vaulted precious metals for the first time, removing structural, technical and frictional limitations from the physical go...Read More
Copper output rose 29% year-on-year to 67,300 tonnes, while gold production increased 17% to 49,900 ounces.Read More
Following the completion of a pre-feasibility study on the NuevaUnión project, the companies were preparing to begin work on the definitive feasibility stage which they aimed to complete next year, Goldcorp said in its latest quarterly results.Read More
The Critical Investor profiles a miner that is ramping up its gold mine in Nevada on time and on budget.Pan Mine, Nevada1. IntroductionFiore Gold Ltd. (F:TSX.V; FIOGF:OTCQB) has progressed its Pan Mine in Nevada, U.S. in a very steady fashion, on time and on budget. Exploration for additional resources (and hopefully years of mine life as well) has been successful so far, and a new COO has been...Read More
Southern Copper Corp's chief executive said on Wednesday it had reached a settlement with a company in Peru that blocked development of its $1.4 billion Tia Maria project with a legal injunction.Southern Copper's Oscar Gonzalez told Reuters he hoped the new government of Peruvian President Martin Vizcarra would issue a permit "soon" to allow construction work on the long-delayed project to begin t...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) dove Wednesday after the company reported marked drops copper and gold production during the first quarter of the year, due mostly to lower quality ore.Miner said it had expected to begin the year with poorer grades, but would move to higher quality ores as the year went on.The miner said copper output fell by 10.5% to 153,800 tonnes compared w...Read More
(Adds SS&C Technologies, Fortis Healthcare)April 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2010 GMT on Tuesday:** Canadian telecommunications gear maker Mitel Networks Corp MITL.O MNW.TO is selling itself to an investor group led by Searchlight Capital Partners for about $2 billion, the company said. Software company Trimble Inc TRMB.O said on Mond...Read More