Precious metal miner Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Friday all the workers that were trapped since Wednesday night at its Beatrix gold mine in South Africa have been rescued.Nearly 1,000 miners got stuck underground for more than 24 hours after a storm knocked out power lines supplying electricity to Beatrix. Emergency power supply from backup generators enabled 64 employees to ret...Read More
Precious metal miner Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Friday all the workers that were trapped since Wednesday night at its Beatrix gold mine in South Africa have been rescued.Nearly 1,000 miners got stuck underground for more than 24 hours after a storm knocked out power lines supplying electricity to Beatrix. Emergency power supply from backup generators enabled 64 employees to ret...Read More
MOSCOW, Feb 2 (Reuters) - Russian anti-monopoly service has allowed the mid-sized gold miner GV Gold to acquire Zoloto Kamchatki and other gold assets from Russian businessman Viktor Vekselberg and his partners, the service said in a statement on Friday. (Reporting by Oksana Kobzeva; writing by Polina Devitt; editing by Katya Golubkova) Disclaimer: The views expressed in this article are those o...Read More
Acacia Mining has spent$2 million to lock in the option to sell 120,000 ounces of itsgold output at $1,320 an ounce, hedging against lower prices tooffset the impact of a government ban on concentrate exports.Mining companies use theseRead full newsRead More
Gold gains on US Dollar woes. US Treasury yields remain a threat to Gold gains. Gold is up almost three percent in 2018, trading just beneath 1,350.00 today during Tokyo, spurred on by a weaker US Dollar. The usual relationship between Gold and US bonds seems to have broken down as of late; rising U STreasury yields normally depress Gold prices, but that relationship hasn't manifested...Read More
Rate hike odds soared after the latest FOMC meeting, and the upcoming March meeting looks "live".Despite the threat of rising rates, gold is more strongly influenced by ex-US global growth.Thanks to the Eurodollar system, Fed rate hikes have a limited impact on the dollar.Following yesterday's statement from the Federal Reserve, the odds of a rate hike are soaring, according to the CME's...Read More
About 950 gold miners were stuck underground in South Africa on Thursday after a power cut, the mine's owner said, though the workers were not reported to be in immediate danger.The Sibanye-Stillwater mining company said a massive power outage caused by a storm had prevented lifts from bringingRead full newsRead More
"The problem is that we can never predict when an earthquake can strike."Read full newsRead More
A storm knocked electricity out, preventing lifts from bringing nightshift workers to the surface.Read full newsRead More
South African media say about 900 miners are trapped underground at a gold mine after a shaft elevator stopped working because of a power outage.Read full newsRead More
About 950 gold miners remained trapped in a gold mine in the Free State province of South Africa Thursday, after a storm knocked out the electrical supply.Read full newsRead More
The optimistic outlook for gold makes now the time to acquire mining junior Seabridge Gold Inc. (TSX:SEA)(NYSE:SA).Read full newsRead More
A storm has knocked out power to a gold mine in South Africa's Free State province, trapping 950 workers underground. The company insists the miners are not in danger, but their union is extremely concerned.Read full newsRead More
Acacia Mining has spent$2 million to lock in the option to sell 120,000 ounces of itsgold output at $1,320 an ounce, hedging against lower prices tooffset the impact of a government ban on concentrate exports.Mining companies use theseRead full newsRead More
Acacia Mining has spent$2 million to lock in the option to sell 120,000 ounces of itsgold output at $1,320 an ounce, hedging against lower prices tooffset the impact of a government ban on concentrate exports.Mining companies use theseRead full newsRead More
Marin Katusa Marin Katusa started off the 2018 Vancouver Resource Investment conference off in a battle with Rick Rule and Frank Holmes discussing top picks. Marin's picks were no surprise to...Read full newsRead More
Even with solid U.S. economic growth, construction spending rose in 2017 by the least in six years, as nonresidential building slowed and outlays by governments declined.The value of construction put in place increased 3.8 percent to $1.23 trillion last year, according to Commerce Department figures released Thursday in Washington. That’s the smallest gain since a 2.6 percent drop in 2011....Read More
U.S. factories expanded more than forecastin January and near the fastest pace in more than 13 years,indicating manufacturing was still powering ahead at the startof 2018, Institute for Supply Management data showed Thursday.Highlights of ISM Manufacturing (January)Factory index was little changed at 59.1 (est. 58.6) from 59.3 in Dec.; readings above 50 indicate expansion Gauge remains close to Se...Read More
U.S. Productivity Slows as Unit Labor Costs Jump 2% Productivity in the U.S. unexpectedly fell for the first time since early 2016 as working hours slightly outpaced output, underscoring a sluggish pace of efficiency gains during this expansion, a Labor Department report showed Thursday.Highlights of Productivity (Fourth Quarter)Measure of nonfarm business employee output per hour decreased at 0.1...Read More
The Dow Jones Industrial Average finished higher on Thursday, Feb. 1, with the S&P 500 and Nasdaq declining slightly. Investors were anticipating earnings from Apple Inc. (AAPL) , Alphabet Inc. (GOOGL) and Amazon.com Inc. (AMZN) , all reporting after the bell. The Dow was up 37 points, a gain of 0.14%. The S&P 500 was 0.07% lower and the Nasdaq was down by...Read More