Mohamed El-Erian, Allianz chief economic advisor, breaks down three big market-moving predictions.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of...Read More
VANCOUVER, July 11, 2018 /CNW/ - Eldorado Gold Corporation ("Eldorado" or "the Company") today announces the appointment of Philip Yee as Executive Vice President and Chief Financial Officer. This appointment further strengthens Eldorado's leadership team.Philip Yee will join Eldorado in September 2018. Phil has extensive experience as a senior financial executive, having worked for a variety...Read More
LONDON (Reuters) - OPEC on Wednesday forecast world demand for its crude will decline next year as growth in consumption slows and rivals pump more, pointing to the return of an oil market surplus despite an OPEC-led pact to restrain supplies.Giving its first 2019 forecasts in a monthly report, the Organization of the Petroleum Exporting Countries said the world would need 32.18 million barrels pe...Read More
The guidelines, the result of a three-year international effort, should help identify areas of particular environmental importance where no mining should occur. (Image: Mountains in the Sea 2004. Courtesy of NOAA Office of Ocean Exploration.)An international team of researchers has developed a set of criteria to help the International Seabed Authority (ISA) protect biodiversity from deep-sea minin...Read More
South Africa's biggest gold producers and mining unions start wage talks Wednesday against the backdrop of stark declines in the industry that was once the world's largest.The National Union of Mineworkers, the sector's biggest labor group, has demanded an increase in underground base pay of up to 37 percent from companies including Sibanye Gold Ltd. and AngloGold Ashanti Ltd., while the rival Ass...Read More
Australia's Resolute Mining (ASX:RSG) said Wednesday it had added three years to the mine life of its Ravenswood gold operation in Queensland thanks to an expansion project and the reception of all required approvals to optimize processes.The updated expansion, which includes building an open pit at the site, is expected to deliver 1.5 million ounces of gold production over 13 years.Ravenswood is...Read More
Oil got slammed on Wednesday - here's whyContinue...Read More
Serious news outlet The Guardian just published an article entitled, "I stopped going to the gym because of Trump. Now I can't open jars." The Resident breaks it down.Read More
Iranian export billet prices increased by $5-10 per tonne over the week ended Wednesday July 11 because the availability of material in the market tightened, Metal Bulletin has heard.One of the reasons for a reduced allocation of billet for exports was increased demand for the semi-finished product in the domestic market. This was not spurred by real consumption, however, but by a loss in the valu...Read More
The U.S. election of Donald Trump lit a fire under metals markets in 2016 as investors took a liking to his pro-business agenda. Now, copper and other metals are tanking as Trump's trade war against China threatens to derail economic growth.Copper sunk to an almost one-year low and has fallen 16 percent from a high in June. All the major metals were in the red on Wednesday as the U.S. unveiled tar...Read More
One of the key features of Trump's newly proposed $200BN in 10% tariffs on Chinese exports, is that Beijing simply has no way to retaliate proportionately: Continue...Read More
Osisko Mining (OSK:TSX) traded up after on a down market day after announcing drill results at its Windfall Lake gold project located in the Abitibi greenstone belt. As of mid-morning eastern time the company was up 2.54 per cent to $2.02 a share while the TSX was off -.53 per cent. The company drilled 20.4 grams per tonne gold over 28.3 metres including 44.5 g/t over 10.0 metres, 81.1 g/t over 4....Read More
LONDON (Reuters) - The Bank of England said on Wednesday there is too little choice of auditor for big banks who must switch book-keepers under European Union rules.Listed firms are required to “rotate” auditors at least every two decades to ensure there is a fresh and skeptical pair of eyes examining their books and challenging management.The audit sector is dominated by the Big Four:...Read More
It has been a tough spring and summer for precious metals. Gold failed to breakout when it had the chance and it Continue...Read More
Commodities across the board are seeing selling pressure as investors fear a slowdown in global economic growth from Continue...Read More
The preliminary economic assessment for this company's flagship project indicates "highly attractive economics." Liberty's Goldstrike ProjectIn an announcement published July 10, Liberty Gold Corp. (LGD:TSX) set forth details of its preliminary economic assessment (PEA) for the Goldstrike oxide gold property in Utah's Great Basin region. In its press release, the company stated, "The PEA confirms...Read More
A Haywood Securities report shared what is new with this Canadian company. In a June 4 Junion Exploration Report, analyst Mick Carew indicated that Haywood Securities Inc. added Juggernaut Exploration Ltd. (JUGR:TSX.V) to its Watch List, which means, for one, it is expected to announce news during Q3/18.As for the latest developments, Juggernaut just began a CA$3.5 million 2018 exploration progra...Read More
A Canaccord Genuity report provided an overview of this company. In a July 5 research note, analyst Des Kilalea reported that Canaccord Genuity initiated coverage on Lucara Diamond Corp. (LUC:TSX.V) with a Buy rating and a CA$2.45 per share price target plus a roughly 5% dividend yield. "Lucara stands out as one of the few midcap diamond miners which has delivered a project on time and within bu...Read More
Bob Moriarty of 321 Gold provides an update on an explorer that has been finding success at the drill bit. Tonopah Gold ProjectI wrote about Viva Gold Corp. (VAU:TSX.V; VAUCF:OTCBB) in mid-May. I said the company was an easy triple from the $0.32 the company was selling for. The shares blasted higher to $0.33 up until they released results from the first four holes in their current 28-hole progra...Read More
COPENHAGEN (Reuters) - Facebook (FB.O) has removed “treason” as a keyword to identify its users’ interests for advertisers, it said on Wednesday, after Danish state broadcaster DR revealed its existence.In an article published on Wednesday, DR cited experts expressing concerns that the tag - that Facebook called an “interest category” - could be used by intelligence s...Read More