After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More
After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More
After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More
After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More
After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More
After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More
After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More
Mcx Lead Tips – BUY Lead Aug at CMP 151.10 Add more at price 148 with SL 146 for Target 155 – 158 Read More
MCX ZINC TARGET CALLMcx zinc Target Call – Zinc Positional BUY Call b78, given at 174.25 CMP 177.70. Low risk taker book 3.45 Points / Rs 17250 per lotb78 : Mcx Zinc Positional Call - BUY Zinc August at CMP 174.25 Add more at price 170 with SL Below price 167 for Target 179 - 184.50 Read More
FREE COPPER CALLCopper Call – BUY Mcx Copper at CMP 417.50 for Target 425 – 429 with Small SL below price 414. RISK taker trade 2 lots Read More
(Kitco News) - Barrick Gold Corp. (NYSE, TSX: ABX) late Wednesday reported that second-quarter gold production was roughly in line with the first quarter, although output was down year-on-year.The company maintained full-year gold-output guidance but trimmed its forecast for copper production in 2018.Based on preliminary data, the world’s largest gold producer said it turned out 1.07 million...Read More
Today’s selling continued to day’s trading resulting in a strong drawdown in both gold and silver with futures gold closing down $13.50 currently fixed at $1,242 an ounce. At the same time, spot gold gave up $14 in trading today and is currently fixed at $1,241 32.Today’s dramatically lower pricing in gold is a combination of extreme dollar strength coupled with traders aggressiv...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
(Kitco News) - Gold and silver prices are solidly lower and near their daily lows in early-afternoon U.S. trading Wednesday. The precious metals sold off in sympathy with a slumping raw commodity sector today, after the U.S. hit China with another volley of trade sanctions. A higher U.S. dollar index today also is a negative for the precious metals markets. August gold futures were last down $10.9...Read More
(Kitco News) - Despite the threat of a growing trade war, one copper-mining chief executive officer said that he is optimistic that shrinking supply will help the base metal weather the current storm. Paul West-Sells, president and CEO of Western Copper and Gold Industrial metals are being hard hit as the U.S. government escalates its trade war with China. Copper, in particular, is feeling the...Read More
COPPER POSITIONAL CALLCopper Positional Call – BUY Copper Aug at CMP 421.0 Add more at price 415 with SL 409 for Target 432 – 439 Read More
MCX ZINC POSITIONAL CALLMcx Zinc Positional Call – BUY Zinc August at CMP 174.25 Add more at price 170 with SL Below price 167 for Target 179 – 184.50 Read More
A muscular U.S. dollar is pressuring gold prices, says BMO Capital Markets and MKS (Switzerland) S.A. As of 8:35 a.m. EDT, the September dollar index was 0.131 point higher to 94.020. Meanwhile, Comex August gold was down $4.80 to $1,250.60 an ounce. “Gold prices have also suffered from the stronger dollar, dropping back to ~1,250/oz while silver dipped back below $16/oz,” BMO says. Al...Read More
(Kitco News) - Gold prices remain under pressure, and are seeing little reaction to hotter-than-expected producer inflation pressures.Wednesday, the U.S. Labor Department said its Producer Price Index (PPI) rose 0.3% in June following an increase of 0.3% in May; the data was stronger than expected with economists' forecasting an increase of 0.2%. For the year, producer prices increased by 3.4%. &l...Read More
B2Gold Corp. (TSX: BTO; NYSE AMERICAN: BTG; NSX: B2G) reports that second-quarter gold production was roughly double the same period a year ago as the company’s new Fekola gold mine in Mali exceeded expectations. Consolidated output was a quarterly record 240,093 ounces, a jump of 98% (or 118,645 ounces) from the year-ago quarter and also 7% (or 16,308 ounces) above budget, B2Gold says. The...Read More