Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn't necessarily mean higher oil prices are entirely out of the question, and in fact, the oil market is still faced with a ton of uncertainty.Higher oil production from the OPEC/non-OPEC group would seem to close off the higher-...Read More
LIMA, May 30 (Reuters) - Peruvian precious metals miner Buenaventura said Southern Copper Corp is evaluating its proposal to jointly develop Southern's $2 billion copper project Michiquillay, Buenaventura's chief executive told Reuters on Wednesday."They were receptive ... but it's up to them to evaluate the preliminary proposal," Victor Gobitz said in an interview at the International Gold & Silv...Read More
(Bloomberg) - Tharisa Plc, the platinum and chrome miner run by the Pouroulis family, is considering investing in a $4.2 billion platinum project in Zimbabwe being developed by another company founded by the family.Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the mine, located on the Great Dyke, a 550-kilometer (342 miles) range of hills rich in...Read More
JOHANNESBURG, May 31 (Reuters) - South African precious metals producer Sibanye-Stillwater is exploring ways to cut debt, it said on Thursday, but ruled out tapping shareholders for funds.Sibanye had net debt of 23.7 billion rand ($1.9 billion) at the end of December, accumulated after an acquisition spree that saw it diversify from gold to platinum with operations spanning two continents.The comp...Read More
Mr. Rob Humphryson reportsNOVO REPORTS FIRST BULK SAMPLE RESULTS FROM COMET WELLNovo Resources Corp. has provided results for the first two bulk samples from Comet Well, part of Novo's Greater Karratha gold project in the Pilbara region of Western Australia. Sample KX157, a 7.143-tonne bulk sample previously reported to contain numerous gold nuggets (please refer to the company's news release date...Read More
Eurozone: L??nder mit der h??chsten VerschuldungRead full newsRead More
Mr. Andrew Parsons of Emergent reportsSPROTT INC. INVESTS IN EMERGENT TECHNOLOGY HOLDINGS Emergent Technology Holdings LPhas noted a recent equity investment from Sprott Inc.The investment by Sprott, a global leader in precious metal and real asset investments, comes as Emergent prepares to launch a technology platform for the gold industry.Emergent's Responsible Gold platform uses blockchain tech...Read More
By Jason Lange and Ingrid MelanderWASHINGTON/PARIS, May 31 (Reuters) - Canada and Mexico retaliated against the United State's decision on Thursday to impose tariffs on steel and aluminum imports and the European Union had its own reprisals ready to go, reigniting investor fears of a global trade war.The tariffs, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday,...Read More
#Kupfer: Lagerbest??nde an der LME fallen erheblichRead full newsRead More
Novo Resources Corp. has been halted at the open on May 31, 2018, at the request of the company, pending an announcement.© 2018 Canjex Publishing Ltd. All rights reserved.Read More
Shares in Canada's Erdene Resource (TSX:ERD), one of the very few companies that has successfully navigated Mongolia's ever-changing policies on foreign mining investment, were off to the races on Thursday after the miner announced it had received approval for a secondary listing on the Mongolian Stock Exchange (MSE).The Halifax, Nova Scotia-based miner also said it had launched an offering of c...Read More
Canadian miner Bear Creek Mining Corp will likely make a public offering for its Peruvian unit on the bourse in Lima to help finance its $550 million Corani silver project, the company's chief financial officer said on Wednesday.Read full newsRead More
* Company expects to see fruits of past investments in 2019Read full newsRead More
This morning, WallStEquities.com takes a close look at Gold, which is considered to be the safest investment in times of high inflation, currency fluctuations, and geopolitical crisis.Under assessment today are the following stocks: Asanko Gold Inc. (NYSE AMER: AKG), International Tower Hill MinesRead full newsRead More
Gold Mining Stock Outlook - June 2018Read full newsRead More
Canada-listed Fura Gems (TSX-V:FUR), a new gemstone mining and marketing company headed by the former COO of Gemfields (LON:GEM), is changing its brand identity, including logo, tagline and social media.The company, which began operations a year ago, said the move seeks to strengthen its communication with key stake holders and consumers.The new logo, it said, was inspired by the Fura and Tena mo...Read More
So, there's a tech boom coming? Once every couple of years we hear the same thing. Looking at the current model of economic growth, it does seem to be the case that tech is indeed a growth area, but for some reason it never seems to reach the Canadian markets. Overstated prospects for actual tech stocks shouldn't put you off investing in tech, though; the trick is to do it indirectly.Invest in tec...Read More
This week, several experts began to circulate the theory that it may not be long before we start seeing US$100 oil in the markets.For some, that news may come as a shock given that it seems like we have been hearing forever now that the price for crude and other commodities, like natural gas and coal, are on a path to stay "lower for longer."But thanks to rising geopolitical tensions in the Middle...Read More
Italy is financially disintegrating. The banking world would not care except for one small detail: If Italy defaults in its debt obligations, it will set off a daisy-chain of OTC derivative credit default swap defaults resembling a financial nuclear holocaust. This chart of Deutsche Bank's stock price reflects the growing risk of this event:Deutsche Bank has been hitting all-time lows since...Read More
The National Association of Realtors released its monthly "Pending" home sale report for April this morning. It fell 1.3% from March. The Wall Street analytic "brain trust" was looking for a 0.4% gain. The housing data is repetitively coming in well below Wall Street forecasts. This is emblematic of the unrealistic amount of "hope" built into the psychology of the American investor, who wa...Read More