VANCOUVER, British Columbia, Feb.05, 2018(GLOBE NEWSWIRE) -- First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF) (OTCQX:FFMGF) (Frankfur...Read full newsRead More
Precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Thursday it had received approval from South African competition authorities to exchange selected assets for a 38% stake in South African DRDGOLD Ltd. (DRD), in a deal valued at R1.3 billion (roughly $108 million at today's rates).Deal gives Sibanye-Stillwater the option to increase its stake in DRDGold to 50.1%The company, Sou...Read More
Precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Thursday it had received approval from South African competition authorities to exchange selected assets for a 38% stake in South African DRDGOLD Ltd. (DRD), in a deal valued at R1.3 billion (roughly $108 million at today's rates).Deal gives Sibanye-Stillwater the option to increase its stake in DRDGold to 50.1%The company, Sou...Read More
But Bitcoin could be so much more than digital gold.Read full newsRead More
Canada's Northern Vertex Mining is ramping up production at its Moss gold-silver project towards an initial stacking rate of 2,500 tpd, to later reach 5,000 tpd.Read full newsRead More
LOVELOCK - An agency that encourages stewardship over prohibition is the Environmental Protection Agency that Administrator Scott Pruitt represented to the Nevada mining industry on Feb. 5.Read full newsRead More
VANCOUVER, British Columbia, Feb.05, 2018(GLOBE NEWSWIRE) -- First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF) (OTCQX:FFMGF) (Frankfur...Read full newsRead More
Precious FewGold Wins, Bitcoin LosesSo much for the digital currency providing negative beta.By David Fickling@davidficklingMore stories by David FicklingRead More
Treasury yields push higher after auction; commodities declineU.S. indexes lose day's gains after rebounding from routKeith Parker of UBS and James Athey of Aberdeen Asset Management discuss investors returning to equities.U.S. stocks remained on unsteady footing as the bout of volatility that’s gripped global financial markets persisted amid signs that the rise in Treasury yields has yet t...Read More
Wall Street Overview The Dow Jones Industrial Average finished lower by 19 points, or 0.08%,on Wednesday, Feb. 7. The S&P 500 declined by 0.50% and the Nasdaq slumped 0.89%. Treasury yields rose on news that congressional leaders reached an agreement on a two-year budget deal that would prevent a government shutdown. The agreement raises federal spending by almost $300 billion ove...Read More
Showrooms in Shenzhen busy, wholesalers see clients returningWorld's biggest jeweler expects sales to keep expanding in '18An employee arranges gold bracelets at a Chow Tai Fook store in Shanghai.Photographer: Qilai Shen/BloombergChina’s growing throng of affluent consumers is driving a rebound in demand for gold rings, bracelets and necklaces as a property boom and high stock market valuat...Read More
Photographer: Luke MacGregor/BloombergGold jewelry demand in the United Arab Emirates sank to a 20-year low last year, the fourth consecutive annual decline, the World Gold Council said.Purchases fell 2 percent to 42.8 tons last year, the producer-funded council said Tuesday in an emailed report. The drop occurred even after fourth-quarter demand gained 16 percent as consumers rushed to buy to bea...Read More
Global stocks attempted to rebound from the recent global rout Wednesday, with modest gains in Asia and improving futures in Europe, but traders remained on edge amid high volatility and climbing bonds yields that could keep markets difficult to predict in the days ahead. Wall Street futures suggest big declines at the start of trading, with contracts tied to the Dow Jones Industrial Averag...Read More
Investors sold off copper on Wednesday as the US dollar strengthened and equity and bond market volatility spilled over onto commodity markets.Comex copper plunged more than 3% to a low of $3.085 a pound ($6,800 per tonne) in New York, an eight-week low. Volumes were particularly heavy, with more than 185,000 lots worth some $14.3 billion traded by the close. After a 30% jump in 2017, copper ha...Read More
The latest news and price moves to start the Asian day on Thursday February 8.Base metals prices on the London Metal Exchange plunged at the 5pm close on Wednesday February 7, with a strong recovery in the dollar leading copper prices to plummet 2.4%. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:Tom Albanese, the former chief executive officer of bo...Read More
I'm not so sure investors are prepared for an actual market pullback. It was nearing the end of January and the Dow had just broken above 26,000 for the first time ever. But the stock market turned lower after hitting new all-time highs and finished the day in the red.As far as reversals go, it was a tame one. Stocks even opened higher the very next day. But we could sense some mild panic beginnin...Read More
Dear Reader,“Volmageddon”+2.Stocks mounted a heroic charge yesterday… like cavalry answering the bugle at a desperate moment.The bears threw down their arms... and took to their heels.The Dow regained 567 points when the smoke cleared yesterday afternoon.The major averages opened higher again this morning… before the bears counterattacked later in the day.The Dow, the S&...Read More
The last few trading days have given investors quite a ride.It's no secret Friday-to-Monday's sell-off scarred many retail investors out of the market. As share values dipped across every sector, biotech investors felt the pain too.It all started last Friday. Market reaction to rumors of the Federal Reserve's planned rate hikes kicked off a frenzy of selling.For two days we were harshly reminded w...Read More
1,597.08That’s how far the Dow Jones Industrial Average fell on Monday before rebounding a bit into the close.Investors freaked out - even the professionals!Just for a little comedic relief, I flipped on CNBC in my office to see how the talking heads were handling the crisis. And true to form, most of them were yelling questions at each other with very few answers for investors.Yes, the Dow&...Read More
Showrooms in Shenzhen busy, wholesalers see clients returningWorld's biggest jeweler expects sales to keep expanding in '18An employee arranges gold bracelets at a Chow Tai Fook store in Shanghai.Photographer: Qilai Shen/BloombergChina’s growing throng of affluent consumers is driving a rebound in demand for gold rings, bracelets and necklaces as a property boom and high stock market valuat...Read More