Brazil-focused Canadian vanadium producer Largo Resources has reaped the benefits of strong vanadium pentoxide prices in the three months to March 31, with the company reporting its highest ever quarterly net income in its financial report published on Monday May 7. Largo declared a net income of $45.8 million in the first quarter of 2018, while revenues rose 210% year on year in the same period t...Read More
David Ljunggren, Anthony EspositoWASHINGTON (Reuters) - U.S. House Speaker Paul Ryan has set a May 17 deadline to be notified of a new NAFTA trade deal to give the current Congress a chance of passing it, while Mexico’s top trade official on Thursday said time was running short to meet such a deadline.Ryan, who controls legislation in the House of Representatives, set his deadline in remarks...Read More
4 Things in the Markets to Know Right Now The Dow Jones Industrial Average closed higher for the sixth consecutive day.U.S. crude oil prices rose 22 cents on Thursday, settling at $71.36 a barrel.Roku's (ROKU) Chief Financial Officer tells TheStreet's Executive Editor Brian Sozzi strong growth in the streaming industry will be the norm. Roku's earnings beat after the close on Wednesday. &nb...Read More
East Asia's stainless steel market strengthened slightly over the past week, with elevated nickel prices keeping mills under pressure to raise their offers.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,230-2,310 per tonne cif East Asian ports for the week ended Wednesday May 9, up $10-60 per tonne from a week earlier. Metal Bulletin's assessm...Read More
(Kitco News) - Hecla Mining Co. (NYSE: HL) remained profitable in the firstquarter despite the continuation of a strike at the Lucky Friday Mine in Idaho,the company reported Thursday.Net income fell to $8.1 million, or 2 cents pershare, from $26.7 million, or 7 cents, in the first quarter of 2017. Thecompany listed several factors for the decline, including a tax benefit thathelped the year-ago r...Read More
CloseGain/LossGold $1320.60+$8.80Silver$16.72+$0.23XAU83.81+1.74%HUI182.34+1.15%GDM640.58+1.23%JSE Gold1059.60-30.74USD92.66-0.46Euro119.25+0.74Yen91.34+0.13Oil$71.36+$0.2210-Year2.967%-0.038T-Bond143.1875+0.53125Dow24739.53+0.80%Nasdaq7404.97+0.89%S&P2723.07+0.94% The Metals: Gold climbed $10.90 to $1322.70 by midmorning In New York before it pared back heading into midday, but it then ra...Read More
May 10 (Reuters) - First Majestic Silver Corp:* FIRST MAJESTIC ANNOUNCES NEW STREAM AGREEMENT AT SAN DIMAS MINE AND NEW CREDIT FACILITY* FIRST MAJESTIC SILVER CORP - TERMINATED PRE-EXISTING SILVER PURCHASE AGREEMENT WITH WHEATON PRECIOUS METALS CORP* FIRST MAJESTIC SILVER CORP - ENTERED INTO NEW PRECIOUS METAL PURCHASE AGREEMENT WITH WPMI AND FM METAL TRADING (BARBADOS) INC Source text for Eikon:...Read More
by Claudia Carpenter, BloombergIran's gold demand will probably be "strong" for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd.After a previous set of sanctions was imposed on Iran in 2012, it took two years for the country's gold demand to start falling, according to data from the Wor...Read More
Rio Tinto is closer than ever to deciding if it wants to bring its 2004 Jadar lithium and borates discovery in Serbia into production.Barry FitzGerald*Jadar in Serbia ... In a big field of new lithium supply candidates10 MAY 201810/05/2018commentsshare Rio's Ventures unit - charged with taking the company sans a coal division in to new business areas - has a prefeasibility study into Jadar's devel...Read More
Other than crude oil, none of the financial markets have reacted to Iran's nuclear deal cancellation news. The Bank of England (BOE) meeting today can provide the impetus for a trend change in currency markets as well as precious metals. Sterling can rise just before the BOE meeting or just after the BOE meeting. However if sterling falls after the BOE meeting gold will also crash. Right now g...Read More
(Kitco News)- Gold has shown remarkable resilience in the face of a strongerdollar. Geopolitical tensions have created some support but the oil price surgemay create an acceleration of inflation, within the context of the Fed nowprepared to look at their inflation target in a symmetrical fashion. This mayprove to be a head fake to the upside and we suggest waiting for confirmationon a close above...Read More
The mill at Pan American's Huaron Mine in Peru. Source: Pan American Silver Corp.Pan American Silver Corp. [PAAS-TSX, NASDAQ] on Thursday May 10 said road blockades at its Huaron Mine in Peru have ended.As announced on April 27, 2018, operations at the mine had been suspended since April 24, 2018, as a result of road blockades instituted by members of the nearby Huayllay community."With oversight...Read More
The Integra Resources DeLamar Gold and Silver Project in southwestern Idaho. Source: Integra Resources Corp.Integra Resources Corp. [ITR-TSXV; IRRZF-OTCQB] on Thursday May 10 announced initial assay results from nine of 13 drill holes completed to date from its 2018 drill program on the DeLamar Gold and Silver Project in southwestern Idaho.Initial results demonstrate continuity of certain structur...Read More
De Beers has successfully digitally tracked 100 high-value diamonds throughout the value chain from mine to retail during the pilot of its diamond industry platform.Staff reporterDe Beers has successfully tracked rough diamonds throughout the value chain10 MAY 201810/05/2018commentsshareIt said an "immutable and secure digital trail" had been created using the developed Tracr platform for a select...Read More
(Kitco News) - Pan American Silver Corp. (Nasdaq, TSX: PAAS),the world's second-largest primarysilver producer, late Wednesday reported that its first-quarter profit rose on acombination of higher revenues and lower costs. Net earnings were $48.2 million, or 31 cents per share, up sharply from $20million, or 13 cents, in the first quarter of 2017. The January-March resultsincluded an $8 milli...Read More
Gold and silver are once againsetting up for a big move as they sit in a consolidation range. The congestionpattern represents the time of most confusion for investors as markets reachthe bottom of the range and bounce, and then reach the top end only to sell off.This pattern keeps investors and traders alike in a state of frustration.Gold has been consolidating for sixmonths while silver has been...Read More
Notes:1. The Mineral Resources have been constrained by topography and a cut-off of 0.7 g/t AuEq above a pit and 1.4 g/t AuEq below the same pit shell.2. The Mineral Resource Estimate Summary has been compiled under the supervision of Mr. Jeremy Clark who is a full-time employee of RPM and a Member of the Australian Institute of Geoscientists. Mr. Clark has sufficient experience that is relevant t...Read More
For most Americans the geopolitical/financial crises of the 1970s happened so long ago that they're about as relevant as the Revolutionary War or the Reformation. But for seasoned citizens who were around back then and paying attention, the similarities to today are becoming both eerie and scary. Consider:In the early 1970s the Middle East was a hotly contested part of the world, with Russia (then...Read More
I have an amazing job.I actually get paid to uncover under-the-radar profit opportunities for investors who have the stones to go after the big bucks.Anybody can buy a bunch of big-name stocks and hope for the best - which is, of course, a great way to never make any real money. But finding those undiscovered gems before the rest of the herd comes running - that's the thrill. That's the excitement...Read More
Turkish steel mills have extended their absence from the deep-sea scrap markets due to increasing offer prices and sluggish finished steel demand in the country's export markets, sources said on Thursday May 10.The mills were expected to book more cargoes for May to replenish their low stock levels, but instead they decided to fall silent with the latest increase in prices.A steel mill in the Marm...Read More