World's top diamond producer by output, Alrosa (MCX:ALRS), has got approval from its board to acquire Russian polisher Kristall, the country's largest and one of the world's biggest diamond cutting firms.Alrosa's chief executive Sergei Ivanov has been asked to submit technical specifications for estimating the target's price and so make an offer, Prime Business News Agency reported.It the deal goe...Read More
Global demand for gold dropped between January and March, becoming the weakest first quarter since the 2008 financial crisis, a situation experts attribute to an improved economic outlook and wild swings on world stock markets, which pushed investors to seek safe havens.According to the latest report by the World Gold Council (WGC), a trade group, Worldwide demand for gold totalled 973.5 tonnes in...Read More
https://www.bloomberg.com/How much is a lithium business really worth? Enthusiasts of the metal used in rechargeable batteries are about to find out.FMC Corp. is looking to separate its lithium assets and list a portion of the shares in October, before providing the remainder to FMC shareholders within six months, the Philadelphia-based company said Thursday. It's set to be the first U.S. initial...Read More
In interviews, whenever I try to make the case that US policies are leading to the kinds of currency disruptions common in developing countries, I say something like, "For a glimpse of America's future, take a look at Argentina, where they're eating cats and dogs because of hyperinflation ... wait, no, I meant Venezuela." Mixing up countries kind of dilutes the power of the statement, but for some...Read More
Ever hear of Dysprosium?How about Neodymium?Terbium ring any bells?I don't even know how to pronounce this one: Yttrium?None of these words are going to fly in a Scrabble game, but they're getting people killed every day.Wars are being fought over them as we speak. And the death toll will continue to climb because these metals are THAT important to national security.Not just our national security,...Read More
Via Sovereignman.comIt was just a month and a half ago that Tesla approved an eye-popping long-term pay package, worth as much as $50 BILLION to founder and CEO Elon Musk.And on Wednesday afternoon, Tesla held its first corporate earnings call since then.You'd think that Elon would have been gracious and professional, anxious to demonstrate that the shareholders' trust in him has been well-placed....Read More
Via Sovereignman.comIt was just a month and a half ago that Tesla approved an eye-popping long-term pay package, worth as much as $50 BILLION to founder and CEO Elon Musk.And on Wednesday afternoon, Tesla held its first corporate earnings call since then.You'd think that Elon would have been gracious and professional, anxious to demonstrate that the shareholders' trust in him has been well-placed....Read More
CloseGain/LossGold $1311.40+$6.90Silver$16.42+$0.05XAU82.38+0.56%HUI181.31+0.40%GDM631.85+1.07%JSE Gold1146.25-8.48USD92.46-0.35Euro119.90+0.49Yen91.56+0.36Oil$68.43+$0.5010-Year2.946%-0.030T-Bond143.5625+0.3125Dow23930.15+0.02%Nasdaq7088.15-0.18%S&P2629.73-0.23% The Metals: Gold gained $13.50 to $1318.00 in London before it pared back in New York, but it still ended with a gain of 0.53%....Read More
- Gold demand globally -7% in Q1, 2018 - Gold Demand Trends (WGC)- Gold ETF demand fell sharply year on year from very high levels but had 5th consecutive quarter of inflows- Investment demand was strong in the US where ETF holdings rose another 32.4 tonnes as "stock market volatility sparked US inflows"- Store of value bullion coin and bar demand fell 15% as reported Chinese, German and America...Read More
Workers at Peru's La Oroya polymetallic smelter are in talks with more than two companies interested in partnering with them to restart operations at the nearly 100-year-old plant, a union leader said on Thursday.La Oroya had been operated by Doe Run Peru, a unit of the U.S.-based Renco Group, from 1997 until the company went bankrupt in 2009 and its assets were transferred to a group of former cr...Read More
Paris City Council passed a motion last night where its members ask the CEOs of the world's largest insurance and reinsurance companies to stop insuring coal projects.The call comes just a few weeks before an annual meeting to be held in the City of Light from May 30 to June 2, 2018, and which is expected to be attended by representatives of the most important insurance companies on the planet. In...Read More
China opens trade in Dalian iron ore futures to foreign investors from Friday, aiming to boost its pricing clout for one of its top imports and hoping traders will take a market notorious for retail speculators more seriously.Iron ore is the second commodity China is opening to outside investors after launching crude oil futures in late March. Unlike crude oil, though, the iron ore contract on the...Read More
Mine operator Sibanye-Stillwater said five of 13 miners trapped underground in a South African gold mine were rescued but one of the five had died.Thirteen miners were trapped underground at the company's Masakhane mine west of Johannesburg earlier on Thursday after an earthquake that measured 2.2 caused a cave-in.Sibanye-Stillwater said two employees were taken to a hospital and were in stable co...Read More
Alistair Hewitt, head of market intelligence at the World Gold Council tells Proactive Investors gold demand in 2018 got off to a quiet start reaching just 973 tonnes - the lowest quarter since 2008.He says demand for gold in the technology sector however continued to improve.The wireless sector was a key area of growth as 3D sensors for facial recognition were increasingly used in smartphones, ga...Read More
Velocity Minerals Ltd. (TSXV:VLC) ('Velocity' or the 'Company') announces the closing of the first tranche of its non-brokered private placement announced on March 22, 2018 (the 'Financing').Read full newsRead More
As a rule of thumb, I try to stay away from the sub-$5 category when it comes to cheap stocks.After all, companies don’t go public with a share price below $5. Thus, if a stock is trading below $5, that means investors have sold it off to be below $5. That usually means there is something really wrong with the underlying growth story, the valuation, or both.For this reason, finding a winner...Read More
Canadian junior moves on promising VMS targetRead full newsRead More
Renforth Resources (CSE:RFR) ("Renforth" or the "Company") is pleased to announce that an earn-in option has been granted to Chalice Gold Mines Limited ("Chalice") of Western Australia on the Denain-Pershing Property.Read full newsRead More
Written by Jessica Black Livingston (Senior Associate), Ann Stanton (Associate), and Andrew Nussbaum (Associate)Driverless trucks. Conductorless trains. Mines run by cell phone networks. Autonomous technologies such as these are taking miners out of mines, driving efficiency, and changing the way the mining industry operates.Mining companies across the world are rapidly adopting the latest automat...Read More
Wallbridge Mining Company Ltd. (TSX:WM, FWB:WC7) ('Wallbridge' or the 'Company') is pleased to announce the closing of its previously announced non-brokered private placement through the issuance of 28,518,657 common shares ('Shares') of the Company at a price of C$0.07 per Share for gross proceeds of $1,996,306 (the 'Offering'). No finder fees or commission...Read More