After several years marked by operational difficulties and debt reduction, Barrick Gold Corp. on Tuesday opened its first quarter earnings in 2018 by telling shareholders it received two credit upgrades and is returning its focus to growth. Gold production hit 1.05 million ounces this quarter - down 20 per cent from last year and behind pace to meet its annual target of 4.5 to 5 million ounces - b...Read More

ALMATY — London-listed Chaarat Gold Holdings (CGH) offered on Tuesday to buy Kyrgyzstan’s largest gold mine, Kumtor, from Canada’s Centerra Gold for an undisclosed cash sum, in a deal that would also involve Kyrgyz state firm Kyrgyzaltyn.Centerra and Kyrgyzstan have had a series of disputes over sharing profits from Kumtor, and Chaarat said it was offering the Central Asian natio...Read More

Gold price under serious pressure as U.S. dollar index rallies.Investors are piling into greenback as U.S. Treasury yields rise.Gold's 30-day rally window, moreover, has closed.Gold has had a tough go of it since last week. Despite a buoyant market for oil and fears among equity investors, gold hasn't been able to benefit from factors which would normally spark a flight to quality among invest...Read More

Gold strong but sideways.Seasonal cycle usually brings a low in June or July.A dip towards and below 1,300 USD would be a great buying opportunity. The Midas Touch Gold Model?,,? remains in neutral mode since 22nd of February 2018! The Midas Touch Gold Model?,,? 23rd of April 2018 Although gold has been acting pretty strong over the last three months, it was not able to breakout through the massiv...Read More

Despite the Gold Miners Index being flat last week, Gold Resource Corporation put up an impressive 8% weekly gain.The stock has been much stronger than the mining indexes all year, with a 20% out-performance annually so far vs. the Junior Gold Miners Index.The company has a tight share structure, no debt, and has paid over $100 million in dividends to shareholders since its inception.While the Gol...Read More

Canada's Centerra Gold (TSX:CG) has rejected an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (LON:CGH), received last month, but which the London-listed miner made public on Tuesday.Responding to media speculation, Chaarat confirmed its offer to Centerra to buy Kyrgyzstan's largest gold mine, and though it did not disclosed the sum, said the deal would also in...Read More

Investing.com - Gold prices pulled away from two-week lows on Tuesday, but struggled to make headway as a stronger dollar continued to weigh on demand for bullion.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were up $3.80 or 0.29% to $1,328.00 a troy ounce by 04:34 AM ET (08:34 AM GMT).Gold plumbed a two-week low of $1,323.80 on Monday and ended the day...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for June delivery lost 94 cents to $67.70 on the New York Merc, while Brent for June lost 85 cents to $73.86 (all figures in this para U.S.). Western Canadian Select traded at a discount of $18.85 to WTI...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Tuesday was a bleak 54-91-149. The TSX Venture Exchange fell eight points to 789 while polished diamond prices fell 0.2 per cent. Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD...Read More

Peter KrauthThe stock markets are in the red so far this year, with the Dow down over 1%, but gold prices continue to gain.Between geopolitical tensions and the U.S. Federal Reserve's rate hikes, investors are uneasy about the stock market right now. The CBOE Volatility Index (VIX) has nearly doubled this year.Gold is actually managing to consolidate on the higher side, as bonds are losing their l...Read More

In light of feedback received as part of the consultation on its international cobalt price specifications, Metal Bulletin is seeking additional input from those active in the cobalt market. Have your say by taking part in the review by Friday April 27. Initial feedback was sought between Monday November 27, 2017, and Friday January 12, 2018. Full details of the November 2017 cobalt pricing consul...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold rose $5.60 to $1,329.80 on Tuesday. The TSX Venture Exchange fell 8.17 points to 789.24 while the TSX Gold Index added 1.97 points to 192.23. Barrick Gold Corp. (ABX) led Canadian gold miners higher, adding 57 cents...Read More

GOLD (in USD) Neutral. Gold is pausing following recent decrease from 1336, heading along the 1328 range. Hourly support and resistance are given at 1318 (14/02/2018 low) and 1366 (25/01/2018 high). The technical structure suggests short-term sideways trading moves. In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1'392 (17/03/2014) is...Read More

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange slipped 8.17 points to 789.24 Tuesday. Sheldon Pollack and Adam Adamou's halted OV2 Investment 1 Inc. (OVO) says it is "evaluating available options" for completing its QT. Last November, it arranged to acquire...Read More

Prices for domestic steel rebar in the United Arab Emirates and Saudi Arabia were stable this week, although demand was not strong, sources told Metal Bulletin on Tuesday April 24.And demand for imported rebar in both countries remained almost non-existent.Domestic rebarThe major rebar producers in the UAE announced their current prices on March 26.The biggest steel producer, Emirates Steel, is of...Read More

A summary of base metals premiums from across the globe for the week to Tuesday April 24.Please click...Read More

A new permitting issue has emerged at copper producer Freeport-McMoRan's unit in Indonesia following the introduction of new environmental requirements in April, the United States-based firm said on Tuesday April 24.[Adds details about tailings management, comments from Freeport chief executive officer.]A new permitting issue has emerged at copper producer Freeport-McMoRan's unit in Indonesia foll...Read More

Gold futures on Monday settled lower for a third session in a row, touching the lowest level in nearly five weeks, as the commodity has been buffeted by a strengthening dollar and gains in the benchmark Treasury note. June gold GCM8, -0.19% was down $14.30, or 1.1%, to $1,324 an ounce, marking its lowest finish since March 21 and its worst daily drop since April 12, according to FactSet data. The...Read More

The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday April 24*Copper -$98.02 (-620.18 yuan) Aluminium -$471.39 (-2,982.69 yuan) Zinc -$94.69 (-599.14 yuan) Nickel -$1,078.82 (-6,826.12 yuan) *The physical arbitrage numbers...Read More

Emirates Global Aluminium has completed construction of the calcination process facility at its Al Taweelah alumina refinery in Abu Dhabi. The Al Taweelah refinery is expected to produce its first alumina in the first half of 2019. At full capacity, it will produce 2 million tonnes of alumina per year, meeting 40% of EGA's alumina requirements. After the completion of the calcination process facil...Read More