April 9 (Reuters) - Operations restarted at Newmont Mining Corp's two gold mines in Ghana on Monday, a company spokesman said, after they were shut down on Saturday following an accident in which six construction workers were killed.Civil works on the mill expansion project at Newmont's Ahafo project, where the accident occurred, remain suspended, the spokesman said in an email. Newmont operates t...Read More
LONDON, April 9 (Reuters) - U.S. tariffs on imports have already roiled the aluminium market.U.S. sanctions on Oleg Deripaska and his companies are going to cause even more turmoil, given they encompass Rusal , which produces around 6 percent of the world's aluminium.Deripaska was on the U.S. Treasury Department's sanctions list, covering seven Russian oligarchs, 12 of their companies, 17 Russian...Read More
Andrew Day, chief executive of Keywords Studios PLC (LON:KWS), caught up with Proactive's Andrew Scott to discuss their 2017 results as well as most recent two acquisitions.Where the results are concerned, 2017 group revenue increased by 57% to ?,?151.4mln, while underlying earnings jumped 57% to ?,?26.3mln.On the acquisitions, Day talks through Cord Worldwide Limited and Laced Music Limited.Cord...Read More
* Impact on aluminium prices seen limited* U.S. aluminium premiums expected to rise further* U.S. imported 695,778 tonnes of Russian aluminium last year* Some Japan customers to keep supply deals, change settlement currencyBy Melanie BurtonMELBOURNE, April 9 (Reuters) - Rio Tinto will be among the biggest winners from the U.S. sanctions imposed on Russian aluminium giant United Company Rusal as th...Read More
Mr. Vishal Gupta reportsCALIFORNIA GOLD ANNOUNCES MORE HIGH-GRADE ASSAYS FROM NEW DISCOVERY AT QUEEN SPECIMEN ZONE - INTERSECTS 22.91 G/T AU ACROSS 1.8 M, HOSTED WITHIN A BROADER ZONE GRADING 4.67 G/T AU ACROSS 14.9 M AT FREMONTCalifornia Gold Mining Inc. has released the fifth set of assay results from the continuing resource drilling program at the Queen Specimen zone at its flagship Fremont pro...Read More
Mr. Peeyush Varshney reportsCANADA ZINC METALS ANNOUNCES METALLURGICAL RESULTS FROM THE CARDIAC CREEK DEPOSITCanada Zinc Metals Corp. has released results from new metallurgical test data on the 2017 drill core from its 100-per-cent-owned zinc-lead-silver Cardiac Creek deposit located on the Akie property in northeastern British Columbia.Highlights:Flotation testing on the global composite indicat...Read More
Analyst Andrew Kaip with BMO Capital Markets provided an update on what transpired during the period in which his firm was prohibited from writing about this miner.Read full newsRead More
Here are the basics of bitcoin mining, which rewards miners with fresh bitcoins for ensuring the cryptocurrency's blockchain network hums on all cylindersRead full newsRead More
One paved road leads in and out of Rochford, a remote Pennington County town at the center of a heated debate over a proposal to mine for gold in a pristine part of the northern Black Hills.With permits in hand, a Canadian prospecting company has begun drilling exploratory holes just south of Rochford...Read full newsRead More
Canadian Mining Firm Abandons Gold to Focus on Crypto MiningRead full newsRead More
Analyst Andrew Kaip with BMO Capital Markets provided an update on what transpired during the period in which his firm was prohibited from writing about this miner.Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index dipped to start the week, pulling back to its lower Bollinger band at 1230.48 before bouncing and getting further spring off its 200-day moving average near 1238. The Index then shot as high as 1266.54 before into week's end. By then, it held a gain of 1.57 points, fi...Read More
Gold stocks have been terrible investments over the last two years, even as gold prices have increased 9%. But they are looking more and more attractive as a safe haven, as geopolitical and stock market risks seem to be intensifying.So, if you are one of those investors searching of a safe haven, let's take a look at two gold stocks that are attractive buys at this time. The right one for you will...Read More
Silver has been dead money over the past year or so, relentlessly grinding sideways to lower. That weak price action has naturally left this classic alternative investment deeply out of favor. Silver is extremely undervalued relative to gold, while speculators' silver-futures positions are extraordinarily bearish. All this has created the perfect breeding ground to birth a major new silver b...Read More
When it comes to your TFSA, you should own high-quality blue-chip stocks that will allow you to unlock the true power of tax-free compounding over the long haul. Keep your speculative stocks out of your TFSA, because should such holdings sour in a hurry and you hit the sell button, you won't be able to use the capital losses to your advantage come tax time. Not to mention the fact that you'd also...Read More
Readers know that I have beaten this drum all too often. Gold's major fundamental driver is declining or negative real rates. There is a strong inverse correlation because Gold is money. That's what JP Morgan said and he's far more qualified to understand than quotable celebrities like Mark Cuban. But I digress.When real rates are increasing or strongly positive (during most of the 1980s and 1990s...Read More
There's been an abundance of commentary on the net long position of the "Swap Dealers" in Comex silver futures per the COT report. As of the latest COT report, the Swap Dealers are net long almost 22k silver contracts. This is unprecedented. At the same time, the "Large Speculators," the majority of which is comprised of the "managed money" (hedge funds) sub-component, are net short nearly 1...Read More
Gold output from Centamin's (LN:CEY) Sukari gold mine in Egypt rose year-on-year in the March quarter, although missed targets.The openpit of Centamin's Sukari' mine in Egypt09 APRIL 201809/04/2018commentsshare It produced 124,296 ounces of gold during the January-March period, up 14% year-on-year, with the full-year guidance for 2018 kept at 580,000oz.Read More
Caledonia Mining (CN:CAL) has maintained its full-year production guidance for 2018, after fulfilling output expectations from its 49%-owned Blanket mine in Zimbabwe during the March quarter.The sinking of Blanket's central shaft is continuing according to plan09 APRIL 201809/04/2018commentsshare The miner produced 12,924 ounces of gold during the January-March period, up a marginal 1% year-on-yea...Read More
Spot gold prices have climbed more than US$11 an ounce from Friday's low of $1,321.82 as US-China trade tensions continue to dominate.Staff reporterRandgold was among the market risers09 APRIL 201809/04/2018commentsshareGold stocks have fared well among the fluctuations, with Torex Gold Resources (CN:TXG) the standout on Friday in Toronto, rising more than 51% as it regained full access to its Mex...Read More