Canada's Barrick Gold Corp lowered its full-year copper production forecast on Wednesday while increasing its cost estimates, saying the change reflected operational challenges and planned work at its Lumwana mine in Zambia.Read full newsRead More
Investment capital is flowing into gold stocks and Frank Holmes, CEO of U.S. Investors, said that this may be due to peak gold.Read full newsRead More
Commodities Analysis by Sunshine Profits (Przemyslaw Radomski, CFA) covering: XAU/USD, XAG/USD, US Dollar Index Futures, Gold Futures. Read Sunshine Profits (Przemyslaw Radomski, CFA)'s latest article on Investing.comRead full newsRead More
10 Jul '18 Johannesburg, Tuesday, 10 July 2018. Harmony Gold Mining Company Limited regrets to advise that one of its employees was fatally injured in a fall of ground incident at its Kusasalethu mine in Carletonville this morning. An investigation into the accident is underway. Management express their deepest condolences to the deceased employee's family, friends and colleagues. [...]T...Read More
Mr. Jeff Pontius reportsCORVUS GOLD DRILLS 109.7 METRES @ 1.4 G/T GOLD (INCLUDING 54.8M @ 1.86 G/T GOLD), WEST ZONE STEPOUT, MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received additional results from its resource expansion drill program on the western extension of the 100-per-cent-owned Mother Lode deposit. The most recent result, hole ML18-068, the westernmost hole drilled to date, returned...Read More
Mr. Jeff Pontius reportsCORVUS GOLD DRILLS 109.7 METRES @ 1.4 G/T GOLD (INCLUDING 54.8M @ 1.86 G/T GOLD), WEST ZONE STEPOUT, MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received additional results from its resource expansion drill program on the western extension of the 100-per-cent-owned Mother Lode deposit. The most recent result, hole ML18-068, the westernmost hole drilled to date, returned...Read More
Gran Colombia Gold Corp. (TSX: GCM) has upped its full-yeargold-production guidance to more than 200,000 ounces after reportingsecond-quarter output of 52,906 ounces, up 15% year-on-year. For the first halfof 2018, production amounted to 105,578 ounces, up 24% year-on-year. Thisbrings the company’s trailing 12 months of gold production to 194,316 ounces,up 12% from 2017 production of 173,821...Read More
Gran Colombia Gold Corp. (TSX: GCM) has upped its full-year gold-production guidance to more than 200,000 ounces after reporting second-quarter output of 52,906 ounces, up 15% year-on-year. For the first half of 2018, production amounted to 105,578 ounces, up 24% year-on-year. This brings the company’s trailing 12 months of gold production to 194,316 ounces, up 12% from 2017 production of 17...Read More
(Reuters) - Delta Air Lines Inc (DAL.N) slashed its full-year earnings forecast on Thursday as fuel costs in the second quarter surged 38.8 percent and the company said it expected $2 billion spike in its fuel bill in 2018.The No.2 U.S.carrier by passenger traffic cut its full-year earnings outlook to a range of $5.35 to $5.70 per share from $6.35 to $6.70 per share.Jet fuel costs for airlines hav...Read More
LONDON (Reuters) - Oil prices rallied on Thursday, recouping some ground after sharp losses the previous session when Libya said it would resume oil exports.The rally received a boost from the International Energy Agency (IEA), which said the world’s oil supply cushion “might be stretched to the limit” due to production losses.Benchmark Brent crude oil LCOc1 rose $1.70, or more t...Read More
BRUSSELS (Reuters) - The European Commission on Thursday cut its forecasts for the euro zone’s economic growth this year, citing among the top causes for its revision trade tensions with the United States and rising oil prices which push the bloc’s inflation higher.The slowdown of the euro zone economy is set to affect all major economies of the bloc, but is expected to hit Italy harde...Read More
ATHENS, July 12 (Reuters) - Greece's jobless rate rose marginally to 20.2 percent in April from 20.1 percent the previous month, data from the country's statistics service ELSTAT showed on Thursday.Seasonally adjusted data showed the number of unemployed at 949,726 people, with younger persons aged up to 24 bearing the brunt of being out of work. Women were also the highest percentage of the joble...Read More
* German 2/10s spread close to tightest in a year at 96 bps* ECB minutes could provide clues on “Operation Twist”, rate hikes* Italian bond yields steady as 6.5 bln euro auction goes through* High U.S. inflation could push yields higher* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds Italian auction result)By Abhinav RamnarayanLONDON, July 12 (Reuters) - Euro zone gover...Read More
Here we go again. Gold can't seem to hold a rally and is now testing the bottom of the range. Failure here could be a disaster for the yellow metal, which has struggled mightily since peaking on April 11 at $1,369. Gold is now down almost 10% from those lofty levels, nearing correction territory. The $1,235-$1,240 area is the line in the sand, as failure to hold these levels would bring $1,200 in...Read More
10 Jul '18 Johannesburg, Tuesday, 10 July 2018. Harmony Gold Mining Company Limited regrets to advise that one of its employees was fatally injured in a fall of ground incident at its Kusasalethu mine in Carletonville this morning. An investigation into the accident is underway. Management express their deepest condolences to the deceased employee's family, friends and colleagues. [...]T...Read More
A company developing a large potash deposit in Eritrea has announced plans to list in the UK, testing the appetite of investors for 'greenfield' mining projects in Africa.Danakali Limited said joining the London Stock Exchange would help it raise the cash it needs to fund development of the Colluli deposit.Analysts at Numis reckon Danakali, which is currently listed in Australia, needs to raise ar...Read More
As if ongoing probes on both sides of the Atlantic weren't enough to deal with for miner and commodities trader Glencore (LON:GLEN), now a group of shareholders is mulling potential actions against the company for causing them to lose money.US law firm Quinn Emanuel, which is representing Glencore investors, said Thursday the recent news of imminent and ongoing probes into the Swiss firm's dealing...Read More
By Rhiannon Hoyle SYDNEY--Rio Tinto PLC (RIO.LN) expects the high-end colored diamonds its sells from an Australian mine to sidestep the volatility facing broader commodity markets as a trade battle intensifies. Chief Executive Jean-Sebastien Jacques said he expects strong demand and better prices versus last year for stones being sold in Rio Tinto's annual Argyle pink diamonds tender, interest f...Read More
SUN VALLEY, Idaho (Reuters) - NBA Commissioner Adam Silver said he expected the league to benefit from a battle between Comcast Corp and Walt Disney Co. for Twenty-First Century Fox Inc, regardless of which suitor pulls ahead."I think whatever happens will be positive for us," the head of the National Basketball Association (NBA) told reporters on Wednesday in Sun Valley, Idaho, where investment b...Read More
Precious metals under pressure as the US Dollar stands tall against commodities. Trade tensions have seen the Greenback spring back to life across the broader markets. Gold is holding close to 2018 lows as the precious metal continues to slump, with traders opting to hold USD for the time being. Trade tensions continue to rise between the US and China, with further tariffs due to come...Read More