CloseGain/LossGold $1291.00+$0.60Silver$16.44+$0.07XAU81.84-0.12%HUI177.47-0.17%GDM620.47-0.22%JSE Gold1013.99-2.72USD93.48+0.08Euro117.96-0.08Yen90.44-0.39Oil$71.49UNCH10-Year3.110%+0.013T-Bond140.375-0.5625Dow24713.98-0.22%Nasdaq7382.47-0.21%S&P2720.13-0.09% The Metals: Gold saw slight gains in Asia before it dropped back to $1285.40 in London and then rebounded in New York, but it ended...Read More
'Are we not looking for it? Are we bad at finding it? Or have we found it all? My answer is we found it all'Read full newsRead More
Filings show that top-tier hedge fund managers Ray Dalio and John Paulson stayed true to the yellow metal in Q1.Read full newsRead More
'Are we not looking for it? Are we bad at finding it? Or have we found it all? My answer is we found it all'Read full newsRead More
'Are we not looking for it? Are we bad at finding it? Or have we found it all? My answer is we found it all'Read full newsRead More
The 2018 International Mining Investment Conference, sponsored by Cambridge House International, is about to wrap up. Attendees were treated to the usual line-up of guest speaker presentations. Some of these presentations were more generally market-oriented, while others were specifically investment...Read full newsRead More
"I'm privy to the information that the EU is going to shift from dollar to euro to pay for crude from Iran," said the diplomatic source.Read full newsRead More
NAIROBI, May 17 (Reuters) - Tanzanian gemstone miner Tanzanite One has agreed to pay compensation and overdue taxes to the government after unspecified violations led to losses in public revenues, the president's office said.President John Magufuli's government accuses mining firms of cheating Tanzania out of its fair share of mineral wealth through tax dodging and smuggling, allegations they deny...Read More
Two weeks after Saudi Arabia said it was targeting $80/bbl oil, this morning Riyadh got its wishes early when Brent oil hit the Saudi target, jumping as much as 1% to $80.18.Read full newsRead More
(Bloomberg) - Paul Obambi, a billionaire investor in the Congo Republic, is in talks with French lenders to fund a railway he's building to export iron ore.Obambi's company SAPRO SA is negotiating with "a consortium of banks" to finance the 450-kilometer (280-mile) track that will link the southwestern town of Mayoko to a port at Pointe Noire, he said in a phone interview from Paris on Tuesday. C...Read More
Mr. Eric Fier reportsSILVERCREST CLOSES $17,250,345 BOUGHT DEAL FINANCING, OVER-ALLOTMENT OPTION EXERCISED IN FULLSilvercrest Metals Inc. has completed its prospectus offering announced on April 26, 2018, whereby the company issued a total of 8,214,450 common shares at a price of $2.10 per common share for gross proceeds of $17,250,345, including exercise of the overallotment option in full. The o...Read More
Mr. Ioannis Tsitos reportsGOLDSOURCE ANNOUNCES HIGH METALLURGICAL TEST RECOVERIES AT EAGLE MOUNTAIN Goldsource Mines Inc. has released positive metallurgical test results on its continuing saprolite expansion program at its 100-per-cent-owned Eagle Mountain gold project in Guyana, South America. In addition to continuing drilling and trenching at Eagle Mountain, the company is progressing on meta...Read More
VANCOUVER/TORONTO, May 17 (Reuters) - The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset.Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources Ltd is designed to bag the Timok project in Serbia, but it had to bring on a partner to pick up Nevsun's Bisha mine in Eritrea.T...Read More
Crazy commodity trading in China may actually reflect the wisdom of crowds.Read full newsRead More
VANCOUVER, British Columbia, May 17, 2018 (GLOBE NEWSWIRE) - Without significant improvements to mining practices in British Columbia and better regulation of mining activities, the province has little hope of its natural resources playing a key role in the global transition to a low-carbon future. Instead, communities and the environment throughout B.C. face the prospect of another disaster like...Read More
RYE, N.Y. -- (Business Wire)The Board of Trustees of the GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (the "Fund") approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.05 per share for each of July, August, and September 2018.The distribution for July 2018 will be payable on July 24, 201...Read More
Commodities Analysis by Sunshine Profits (Przemyslaw Radomski, CFA) covering: EUR/USD, XAU/USD, XAG/USD, US Dollar Index Futures. Read Sunshine Profits (Przemyslaw Radomski, CFA)'s latest article on Investing.comRead full newsRead More
If it is considered 'objectionable' in the West to talk about the factual consequences of migration, in Sweden it is now viewed as a crime.Read full newsRead More
Macroprudential tightening policies in China currently will render economic growth in 2Q18, but more importantly 2H18, dismal; we believe this will spread to emerging markets, rendering the "global coordinated growth" bulls out of sync with realityRead full newsRead More
China's Tianqi Lithium is buying a 24% stake in Chilean producer SQM from Canada's Nutrien (TSX:NTR) for $4.07bn, further expanding the Asian nation's increasing hold over the market for the key component needed in the making of batteries that power electric vehicles."This is an attractive investment for Tianqi Lithium which fits well within our existing business strategy," Vivian Wu, president of...Read More