Caterpillar stock is set for its lowest close in monthsMachinery manufacturer Caterpillar Inc. (NYSE:CAT) is 3.6% lower at $138.68 -- the biggest Dow loser today -- after receiving a downgrade at BofA-Merrill Lynch to "neutral" from "buy," and a price-target cut to $156 from $172. The brokerage firm cited slowing retail sales as a reason for the bear not, along with the stock's weak performance s...Read More
May 3 (Reuters) - Vedanta Ltd VDAN.NS , the Indian unit of diversified mining group Vedanta Resources Plc VED.L , posted an 81 percent surge in quarterly profit on Thursday, helped by higher volumes and favourable commodity prices.Net profit came in at 48.02 billion rupees ($721.02 million) for the three months ended March 31, compared with 26.47 billion rupees a year earlier, the company said i...Read More
The underground estimate puts Cariboo's resource at a measured and indicated 8.1 million tonnes at 6.1g/t for 1.6 million ounces and an inferred 12.7Mt at 5.2g/t for 2.16Moz, using a 3g/t cut-off.Read More
Gold prices rose Thursday after the Fed reassured investors that increases to interest rates would be gradual, with geopolitical Continue...Read More
The Turkish deep-sea scrap markets have been quiet on Thursday May 3 while steel mills in the country and their scrap suppliers continued to negotiate prices for cargoes to be delivered in May.The steel producers have so far booked around 20 deep-sea cargoes for May, and have seen an uptick in offer prices. They then went quiet in the deep-sea markets at the end of last week.Current offer prices f...Read More
SHANGHAI, May 3 (SMM) – Nonferrous metals futures mostly inched up except for zinc on Thursday May 3. SHFE aluminium rose nearly 1%, while copper, lead, nickel, and tin went up slightly.The ferrous complex also rose for the most part. Coke gained over 1.5%, coking coal and iron ore grew more than 1%. Hot-rolled coil fell nearly 1%, and rebar edged down.Aluminium: As LME aluminium g...Read More
Many are still bearish on DATA stock, thoughTech stock Tableau Software Inc (NYSE:DATA) burst out of the gate to a two-year high of $97.09, and was last seen trading up 8.9% at $92.78, thanks to the company's well-received earnings release. Adjusted earnings-per-share and revenue for the first quarter easily exceeded consensus estimates, while Tableau also announced an additional $300 million in s...Read More
Among the latest drilling highlights at Bug, it hit 0.73m at 87g/t gold down plunge at the South Zone."The re-emergence of high-grade vein style mineralisation in the hanging wall region of the South Zone as we proceed to depth is encouraging, as is the continuity of the South and Horsefly Zones outside the recently-defined resource shells," president and CEO Darin Wagner said.However while Balmor...Read More
Investing.com - Gold prices moved higher on Thursday, buoyed by a slightly softer dollar but the upside for the precious metal looked likely to remain limited ahead of Friday’s U.S. employment report, which could provide fresh impetus to the dollar.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were up $4.40 or 0.34% to $1,310.20 a troy ounce by 03:5...Read More
"John Locke, the British philosopher whose ideas fuelled the American Revolution, had a theory of knowledge and Continue...Read More
The Apple supplier missed on both the top- and bottom linesShares of Cirrus Logic, Inc. (NASDAQ:CRUS) have plunged 4% to trade at $36.80, after the Apple supplier posted fiscal fourth-quarter earnings of 51 cents per share on $303.2 million in revenue -- lower than what analysts were expecting. Adding to the pressure is a round of price-target cuts from Barclays (to $32), Dougherty (to $41), and S...Read More
Trading slow as dealers in Belgium and India take long May Day weekendvacation. Good Hong Kong jewelry sales during the holiday, driven by rise intourist spending. Polished prices stable, with 1 ct. RapNet Diamond Index(RAPI?,,?) flat in April. US and Chinese retail sentiment positive. Jeweler Tse SuiLuen FY2018 revenue +12% to $486M, profit +97% to $6M. India March polishedexports +8% to $2B, rou...Read More
Physical iron ore prices were rangebound on Thursday May 3 amid mixed signals from the futures and steel markets.Metal Bulletin 62% Fe Iron Ore Index: $66.87 tonne cfr Qingdao, down by $0.11 per tonne Metal Bulletin 58% Fe Premium Index: $56.02 per tonne cfr Qingdao, up by $0.08 per tonne Metal Bulletin 65% Fe Iron Ore Index: $85.30 per tonne cfr Qingdao, unchanged Metal Bulletin 62% Fe China Port...Read More
ALROSA has summed up the results of the international auction for the sale of special size large diamonds (weighing over 10.8 carats) held in Vladivostok from April 16 to April 27.The United Selling Organization (USO) of ALROSA sold 101 special size rough diamonds with the total weight of 1751.1 carats. Total sales revenue amounted to USD 14.8 million."We invited to our Vladivostok auction 86 comp...Read More
WASHINGTON (Reuters) - U.S. worker productivity increased modestly in the first quarter, and a jump in compensation supported views that inflation pressures were building up.The Labor Department said on Thursday nonfarm productivity, which measures hourly output per worker, rose at a 0.7 percent annualized rate in the January-March quarter.Fourth-quarter productivity was revised to show it increas...Read More
Centamin sold 131,045 ounces of gold in the quarter, down 15% on the December period but up by the same amount compared to 2017.Read More
(IDEX Online) - The London Diamond Bourse has announced that Vice President Alan Cohen has been named as President of the London Diamond Bourse, succeeding Menachem Prager. Cohen, who started his career in diamonds in 1971 when he trained as a rough and polished diamond sorter, has been a member of the London Diamond Bourse since 1976 and took over the role of vice president two years ago....Read More
JOHANNESBURG (miningweekly.com) – Lucapa Diamonds has recovered a large 46 ct gem-quality pink diamond from its Lulo mine, in Angola.This is the largest coloured diamond recovered to date from the mine, eclipsing the 43 ct yellow diamond recovered in January and the 39 ct pink diamond recovered in September 2016.AdvertisementThe 46 ct diamond was recovered from new Mining Block 4, which is a...Read More
- Gold demand globally -7% in Q1, 2018 - Gold Demand Trends (WGC)- Gold ETF demand fell sharply year on year from very high levels but had 5th consecutive quarter of inflows- Investment demand was strong in the US where ETF holdings rose another 32.4 tonnes as "stock market volatility sparked US inflows"- Store of value bullion coin and bar demand fell 15% as reported Chinese, German and America...Read More