Newcrest Mining Ltd Chief Executive Sandeep Biswas said on Monday his company would pursue a potential acquisition only if it were the right value for investors, adding that he would prefer to buy assets rather than whole companies."We are happy to do M&A if it's the right value for shareholders," Biswas said at the BMO Global Metals & Mining Conference. "The entire focus in not on the size of oun...Read More

Barrick Gold Corp's chief executive defended the world's largest gold producer's hostile $18 billion bid for Newmont Mining Corp saying on Monday the deal is "logical" for an industry battling high costs and depleting resources.Barrick, which recently completed a $6.1 billion acquisition of Africa-focused Randgold Resources, launched its all-stock bid on Monday, encouraging the U.S. rival to ditch...Read More

The Chinese domestic ferro-silicon price fell in line with weaker demand in the week ended Friday February 22, while the European price has stabilized in February after a run of losses, with suppliers holding their offer prices. China market pares gains as supply outweighs demand  Europe flat, suppliers hold offers  US prices slip in sluggish spot market Domestic prices dropped last wee...Read More

OceanaGold (TSX: OGC; US-OTC: OCANF) has tabled a maiden resource at its WKP gold prospect, 10 km north of its Waihi gold mine in New Zealand.WKP's East Graben vein contains 410,000 indicated tonnes grading 18 grams gold and 22.7 grams silver for 234,000 oz. gold and 296,000 oz. silver. Its East Graben vein and T-Stream veins also contain 1.05 million inferred tonnes at 11.9 grams gold and 16.8 gr...Read More

Hostile bids bring out the worst in people. On the other hand, they also foster tremendous creativity.Barrick CEO Mark Bristow followed up on the analyst call, calling Newmont's Goldcorp bid "desperate and bizarre." Knife, meet twist.Take Barrick Gold Corp.'s $17.8 billion unsolicited bid for Newmont Mining Corp., unveiled (or unleashed) Monday morning. Barrick led with its (publicized) letter to...Read More

Freeport-McMoRan Inc Chief Executive Richard Adkerson said on Monday his company has been investing heavily to mitigate any danger from tailings dams and is "comfortable" with engineering designs in place at existing dams.Adkerson's comments come a month after a Brazilian tailings dam controlled by rival Vale collapsed, killing more than 300.Phoenix-based Freeport controls 19 active tailings dams...Read More

Perth-based Titan Minerals (ASX: TTM) and Vancouver-based Core Gold (TSX-V: CGLD) announced that they are joining forces to create a diversified Latin America-focused, ASX-listed gold company with a portfolio of projects in Ecuador and Peru.In a press release, the miners explained that they signed a binding arrangement pursuant to which Titan will acquire all of the issued and outstanding Core Gol...Read More

The findings suggest the potential for additional discoveries in this metals-laden district. Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTC) reported in a news release it intercepted platinum and palladium mineralization at the Chrome Mountain and East Boulder targets at Stillwater West, its flagship project. These results are from 2018 Stillwater exploration programs, historical data analyses and...Read More

Sector expert Michael Ballanger muses on current money market conditions and their impact on prices for the precious metals. I was poring over the Federal Reserve minutes from Feb. 21, and as I was rolling my eyes and looking around my den for something to throw, I was reminded of the comments from then-Fed chairman Ben Bernanke years ago when he was asked if the Fed was "monetizing debt." The re...Read More

A new target for the share price reflects the potential of new targets for the firm, a ROTH Capital Partners note explains. In a Feb. 20 research note, analyst Joe Reagor reported ROTH Capital Partners increased its target price on Auryn Resources Inc. (AUG:TSX; AUG:NYSE) to US$3.25 per share from $3 because "2019 could be a significant year for the company as it examines new targets at Committe...Read More

Vancouver-based Maverix Metals (TSX-V: MMX) revealed that it achieved record annual gold equivalent production for 2018 with an output of approximately 20,900 ounces. Such a figure exceeds the high end of the company's increased guidance of 19,000 ounces and represents an increase of 75% compared to 2017.According to Maverix, only in the fourth quarter of last year, it produced 5,650 equivalent ou...Read More

The Critical Investor explains why this company is one of his favorite holdings. Drilling at Rupice1. IntroductionOne of my favorite holdings, Adriatic Metals Plc (ADT:ASX; 3FN:FSE), is still under the radar for a lot of North American investors, being an Australia listed company. It is my strong conviction this is not really deserved, and this situation might potentially not last very long. As i...Read More

Australian gold company Evolution Mining Ltd said on Monday it had acquired a 19.9 percent stake in smaller peer Tribune Resources Ltd for A$41.3 million ($29.55 million).Evolution said Tribune's major asset was its interest in the East Kundana mining operation in Western Australia, a joint venture between Northern Star Resources Ltd, Rand Mining Ltd and Tribune.Australian gold producers have stro...Read More

Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second-largest bullion producer, is going hostile in its bid to acquire U.S. rival Newmont Mining (NYSE:NEM) and create a mega-gold corporation with a $17.8 billion all-share offer.The move, announced before markets opened on Monday, increases the potential for a three-way fight among some of the world's largest gold miners, and comes after N...Read More

The chief executive officer of Newmont Mining Corp. labeled a potential takeover attempt by rival gold miner Barrick Gold Corp. as a "desperate" and "bizarre" move aimed at complicating his company's pending deal to acquire Goldcorp Inc.In his first interview since Barrick confirmed Friday it has considered a bid for Newmont, Gary Goldberg said he's focused on completing the Goldcorp takeover and...Read More

South Korea has recommended five-year anti-dumping duties on stainless steel bar from Taiwan and Italy, after its trade commission found that imports had injured the domestic industry.The Korea Trade Commission requested the finance ministry to set tariffs of 9.47-18.56% against Taiwanese products and 10.21-13.74% against Italian products for five years, according to the Ministry of Trade, Industr...Read More

However, the Dow finished well off its session highWall Street was mostly focused on President Donald Trump's Twitter account today, and the Dow muscled higher as a result -- though the index settled well off its session high. President Trump on Sunday evening tweeted about the progress in U.S.-China trade talks and extended his March 1 tariff deadline. The president also tweeted about his dismay...Read More

Import prices for steel slab in Southeast Asia and East Asia moved up again over the past week amid higher offers and limited availability, although no transactions were heard due to the large bid-offer spread.Fastmarkets' weekly import price assessment for slab imports to Southeast Asia and East Asia was $460-480 per tonne cfr on Monday February 25, widening upward by $10 per tonne from $460-470...Read More

Roche's $4.3 billion buyout of Spark Therapeutics is lifting QURE and VYGR todayStocks are trading higher today as Wall Street reacts to positive U.S.-China trade news. Among individual names making notable moves aregene therapy specialists uniQure NV (NASDAQ:QURE) and Voyager Therapeutics Inc (NASDAQ:VYGR), as well as China-based electric car concern Nio Inc (NASDAQ:NIO). Here's a quick roundup...Read More

The company could give billionaire Carl Icahn a say in choosing its new CEOCaesars Entertainment Corporation (NASDAQ:CZR) showed up on Schaeffer's Senior Quantitative Analyst Rocky White's list of the 20 S&P MidCap 400 Index (MID) stocks that saw the most options activity in the past 10 days. Names highlighted in yellow are new to the list. CZR options traders picked up slightly more calls than p...Read More