About two months ago, a senior Facebook exec predicted that social sharing via the company's variousRead full newsRead More
The management team of a Toronto and Vancouver based mining company, First Mining Gold Corp. believes the Hope Brook mine, located 20 kilometers west of Burgeo, could be the source of a gold boon for... | juin 23,2018Read full newsRead More
* Majority stake purchase seen valued at $3.5-$4.0 bln -minister* Govt drafting documentation on taxation, operational control* Deal might be completed in July - officialBy Cindy SilvianaJAKARTA, June 30 (Reuters) - Indonesia's state-owned mining holding company PT Inalum is close to finalising a multi-billion-dollar deal to acquire a majority stake in the giant Grasberg copper mine, government of...Read More
(Bloomberg) - Billionaire Anil Agarwal added to a string of commodities deals with plans to buy out minority investors in Vedanta Resources Plc, the resources group that he's seeking to transform into one of the world's largest.Agarwal's Volcan Investments Ltd. will offer 825 pence a share for the 33.5 percent of Vedanta it doesn't already own and plans to cancel its London listing. Vedanta surge...Read More
Mr. Mike Mutchler reportsAMARILLO GOLD ANNOUNCES COMPLETION OF THE SALE OF AN NSR ROYALTY TO ROYAL GOLD FOR USD $10.8 MILLION Amarillo Gold Corp. has completed the previouslyannounced sale of a perpetual 1.75-per-cent net smelter return royalty on the Mara Rosa gold project to RG Royalties LLC, a wholly owned subsidiary of Royal Gold Inc., for $10.8-million (U.S.). The proceeds of the sale are ex...Read More
Make no mistake: we are in a trade war with the United States. The trade rhetoric that began in earnest at the beginning of the year has turned into a tit-for-tat tariff battle.Dominating the trade headlines are the steel and aluminum industries. Unfortunately, Canada's steel companies have been caught in the middle and their share prices have tumbled. Although there are some real concerns, not a...Read More
With so many cryptocurrencies going to zero over the past few weeks, investors are finally witnessing the proverbial chickens "coming home to roost." What started as an astonishing new and revolutionary way of transferring value from one person (or business) to the next has become nothing more than a fad that has, at least for the time, being run its course. The last straw will come once the most...Read More
Gold enjoyed one of its best trading days in months on Tuesday, bouncing off its 2018 low struck on Monday. Gold for delivery in August, the most active contract on the Comex market in New York, touched a high of $1,258.50 an ounce in the morning.Surprisingly brisk pre-holiday trading saw 28m ounces exchange hands, pushing the metal up 1.3% from yesterday's settlement price. The recovery came afte...Read More
Shares in Canada's Nemaska Lithium (TSX:NMX, OTC:NMKEF) swung wildly on Tuesday after the company inked a supply deal with a South Korean battery maker that all but ties up full production from its Quebec project until after 2025.Nemaska sank more than 5% on US over the counter markets in morning trade, only to bounce higher in Toronto as US markets closed early for July 4 holidays. Near the clo...Read More
Amid the news that China will be applying tariffs on American soybeans as of July 6, stocks in that commodity appear set to rise in other international markets. Other members of the Asia-Pacific Trade Agreement as well as Brazil, are obvious alternative markets that could benefit. However, Canadian investors should consider our own home-grown soybean supplier, SunOpta Inc. (TSX:SOY), as a stock t...Read More
(Kitco News) - With the U.S. dollar story still dominating the gold market, precious metals traders should be looking at a “currency play,” according to one commodity analyst at Westpac.Gold prices have been dragged down by a rallying U.S. dollar during the past month, hitting another 12-month low overnight. Despite Tuesday’s small rebound, gold is still unable to attract its us...Read More
Jul 03, 2018 Guest(s): Chris Mancini Mining Analyst, Gabelli Funds Gold has been held back by a stronger U.S. dollar but the yellow metal could get a boost if the Federal Reserve reigns in on rate hikes, this according to Chris Mancini, research analyst at Gabelli Funds. "I think what ultimately drives the gold price higher will be the Fed pausing and then the market pricing in the Fed easing. A...Read More
Brazilian Eike Batista, the former oil and mining billionaire who lost his fortune and spent time in jail last year for alleged corruption, will have to hang about behind bars for the next 30 years.After a corruption trial, the outspoken entrepreneur whose meteoric rise and fall made him the poster boy of a decade-long boom in Brazil that ended four years ago, was found guilty of bribing former R...Read More
Jul 03, 2018 Guest(s): Richard Drechsler V.P. Communications, Strategic Metals Ltd Lack of interest in precious metals is cyclical, and investors would do well to stick it out, said Richard Drechsler, V.P. Communications of Strategic Metals Ltd., a project developer based in Yukon. "The gold price is obviously a big thing, if you can get the gold price moving in the right direction, you're going...Read More
We don't smoke marijuana in MuskogeeWe don't take our trips on LSDWe don't burn our draft cards down on Main StreetWe like livin' right, and bein' free... - Merle Haggard, Okie From MuskogeeI'm a sucker for outlaw country music, and Merle Haggard has always been one of my favorites. Okie From Muskogee was my first introduction to the Mighty Merle.I pulled out the old reco...Read More
(Kitco News)- Although gold prices have managed to bounce off fresh12-month lows, the market is still down almost 7.5% from its April highs andone international bank sees risks for more down side.In a report Tuesday, Georgette Boele, coordinator of foreignexchange and precious metals strategy at ABN Amro, said that gold prices couldcontinue to fall and the market is weighed down in part by surging...Read More
(Kitco News) - Gold and silver prices were moderately higher in early-afternoon U.S. trading Tuesday,on some short covering in the futures markets and perceived bargain-buying inthe cash markets. Gold hit a 12-month low overnight and silver scored a seven-monthlow on Monday. The U.S. dollar index was also lower today, which favored theprecious metals market bulls. Augustgold futures were last up $...Read More
(Kitco News)- Gold has been held back by a stronger U.S. dollar but theyellow metal could get a boost if the Federal Reserve reigns in expected ratehikes, this according to Chris Mancini, research analyst at Gabelli Funds.Gold prices have been on a steady decline ever since theJune 13 Fed meeting, with spot gold down nearly 5% since its June highs. TheU.S. dollar index, DXY, has rallied 1% in th...Read More
The London Metal Exchange (LME), the world's biggest market for industrial metals, is stepping up efforts to make sure cobalt traded on the exchange is not mined using child labour, particularly in the Democratic Republic of Congo.Starting next year, the LME will demand all companies that get at least 25% of their metal from small-scale mines in the DRC to be subject of a professional audit, Finan...Read More
Shares in miner and commodities trader Glencore (LON:GLEN) fell the most in two years after it revealed that US authorities had ordered it to hand documents and other records relating to possible corruption and money laundering.The stock fell as much as 13%, wiping more than 5.5 billion pounds ($7.3 billion) off Glencore's market value.The Swiss firm said Tuesday it had received a subpoena from by...Read More