Video game developer Sumo Group PLC (LON:SUMO) is in expansion mode, says Carl Cavers.Recently listed, underlying trading is great while an acquisition in Newcastle has brought in 34 developers with virtual reality experience in a 'hotbed of video game development'.Sumo is a turnkey video game developer with a top rank clientele that includes some of the world's largest blue chips companies includ...Read More
The company's Canadian and Australian mines produced 147,644 ounces of gold at all-in sustaining costs of US$833 an ounce in the March quarter.Read More
SHANGHAI, May 4 (SMM) – Spot copper was mostly offered at a discount of 30 yuan/mt to a premium of 10 yuan/mt over the SHFE 1805 contract on Friday May 4 in the Shanghai market. This compared with a discount of 60 yuan/mt to a premium of 10 yuan/mt on Thursday.Sellers increased their offer prices as the SHFE 1805 contract gained over 200 yuan/mt from the previous day and rose to a high of 51...Read More
World's top diamond producer by output, Alrosa (MCX:ALRS), has got approval from its board to acquire Russian polisher Kristall, the country's largest and one of the world's biggest diamond cutting firms.Alrosa's chief executive Sergei Ivanov has been asked to submit technical specifications for estimating the target's price and so make an offer, Prime Business News Agency reported.It the deal goe...Read More
The incident took place Wednesday afternoon, causing a ground fall in an operating stope at the mine, with 13 mineworkers unaccounted for.Mine rescue teams were immediately sent out and three employees located Thursday.It confirmed Friday that rescue teams had freed 10 of the 13 trapped mineworkers, with four having succumbed to their injuries and six in hospital.Another employee had been located,...Read More
FTSE 100 index gains 65 pointsThe US unemployment rate fell to 3.9% for the first time since 2000 as non-farm payrolls grew by 164,000 in April.Pearson tops the leader-board after it signals a return to growthUK equities finished the week on a high note, adding to meagre gains after an underwhelming US jobs report.The FTSE 100 closed at 7,567, up 65 points, with educational publisher Pearson plc (...Read More
SHANGHAI, May 4 (SMM) – Spot copper in the Shanghai market was offered at a discount of 30 yuan/mt to a premium of 10 yuan/mt on the morning of Friday May 4, SMM learned.This was slightly up from a discount of 50-10 yuan/mt in the previous morning. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, plea...Read More
Tern PLC (LON:TERN) shares climbed 13.4% to 25.8p after revealing that its 'Internet of Things' portfolio company Device Authority had entered into a technology partnership with Franco-Dutch digital security firm Gemalto.Elsewhere, investment group Tekcapital PLC (LON:TEK) following this afternoon's release of financial results that included increased revenue and profit for its year ended November...Read More
In fact, the 37% increase in oil prices to US$67.25/bbl (WTI) from last year's annual average of $49/bbl is delivering a double bonus, the benefits of which have enabled BHP's share price itself to itself consolidate at three-year highs of more than A$31 despite recent choppiness in the full suite of commodity prices.Read More
WASHINGTON (Reuters) - Dallas Federal Reserve President Robert Kaplan said on Friday that wage pressures are set to rise and that the U.S. central bank should continue to gradually raise interest rates.“My guess is if we look over three to six months, we’ll see some wage pressure,” Kaplan said in an interview with broadcaster CNBC. “I think this may be just a one-month aber...Read More
SHANGHAI, May 4 (SMM) –Copper: Technically, LME copper struggles at the 40-day moving average with support at the five-day moving average. With weak support, the SHFE 1807 contract failed to stand above the moving averages. We expect copper prices to stabilise today with LME copper trading at $6,830-6,890/mt and the SHFE 1807 contract at 51,000-51,500 yuan/mt. Spot discounts are se...Read More
Today's jobs report came in below expectations suggesting that the Federal Reserve will not raise interest rates aggressively while maintaining a tightening of its monetary policy. This, along with renewed concern about a looming trade dispute between the United States and China, was supportive of gold pricing. According to Business Day, "Senior Chinese and American officials concluded two days of...Read More
(Reuters) - The Trump administration said on Friday it will end temporary protections for immigrants in the United States from Honduras on Jan. 5, 2010, leaving potentially 57,000 people vulnerable to deportation.It is the latest in a series of decisions by President Donald Trump to shut down temporary protected status (TPS) granted to immigrants after natural disasters or violent conflicts that w...Read More
Until recently some economists had been expected that the May Bank of England Monetary Policy Committee meeting, due in the coming week, to sanction a hike in UK interest rates.However, disappointing first-quarter UK GDP growth and weak April purchasing managers' surveys, pointing to a limited pick-up in activity at the start of the second quarter, look to have laid to rest any prospects of a tigh...Read More
"At Cerro Moro we are on the cusp of production as first ore was sent to the mill on April 25th. The start-up is progressing well with first doré production is expected in May," senior vice-president for operations, Gerardo Fernandez told analysts on a conference call.Read More
(Kitco News) - U.S. dollar strength remains the most significant headwind for gold prices next week, but many analysts and investors are not ready to turn bearish on the yellow metal as there is still a lot of uncertainty within financial markets.Gold is preparing to end its third consecutive week in negative territory, but the market remains entrenched in its trading channel, bouncing off a four-...Read More
SHANGHAI, May 4 (SMM) – Nonferrous metals futures saw mixed trading on Friday May 4 with SHFE zinc leading the loss with a dip of nearly 2%. Nickel fell almost 1%, while copper, aluminium, lead, and tin inched up.The ferrous complex saw iron ore dropping over 1%. Rebar lost nearly 1%, and hot-rolled coil slid almost 0.7%. Coke and coking coal went up slightly.Copper: The SHFE 1807 contract c...Read More
SHANGHAI, May 4 (SMM) – All waste raw materials imported from the US shall be subjected to inspections from May 4, according to a notice from China's customs administration. Deliveries cannot be sent into China without inspection. Copper scrap imported from the US accounted for 15% of China's total imports of copper scrap, and stood at 535,000 mt in 2017, SMM data...Read More
Zinc Today – Zinc BUY Call 7b3 given at price 202.10 Achieved 2nd Target 204.20. CMP 204.55. Total Profit of 2.10 Points per lot7b3 : Zinc Carry Call - BUY Zinc at CMP 202.10 for Target Tomorrow 203.70 - 204.20 with SL below price 201.20AFTER POST CONTENT Read More
SHANGHAI, May 4 (SMM) – Nonferrous metals futures saw mixed trading on Friday May 4 with SHFE zinc leading the loss with a dip of nearly 2%. Nickel fell almost 1%, while copper, aluminium, lead, and tin inched up.The ferrous complex saw iron ore dropping over 1%. Rebar lost nearly 1%, and hot-rolled coil slid almost 0.7%. Coke and coking coal went up slightly.Copper: The SHFE 1807 contract c...Read More