Copper is the leader of the pack when it comes to base metal stocks.Copper can be found on the periodic table under the symbol CU and is element 29.From Copper coins in 8000 B.C. to the newest semi-conductor manufacturing in silicon chips, Copper is one of the first metals ever to be extracted and used by man.In 5500 B.C. early man found out how to make copper into tools, and by combining with tin...Read More
Investing.com - Gold prices rose to their highest level in more than six weeks in European trade on Tuesday, as investor sentiment remained skewed toward safe-haven assets ahead of testimony from the former FBI director and British elections later this week.Comex gold futures rose to a session peak of $1,292.09 a troy ounce, a level not seen since April 19. It was last at $1,290.61 by 2:45AM ET (0...Read More
Last month, I wrote an article for MiningFeeds that suggested that Renova Group, the diversified business conglomerate run by bullish billionaire businessman Viktor Vekselberg, was gearing up for a run at the London Stock Exchange. This week, an article in Russia's leading financial newspaper, Kommersant, confirms this is precisely what's going on.In mining, it's always a nice surprise when predic...Read More
The Dow Jones, S&P 500 and Nasdaq closed at record highs on Friday despite signs that US jobs growth is slowing down and that expansion of the world's largest economy remains stuck around the 1% level."Following the notion of mean reversion, we should be seeing attractive investment opportunities"In contrast the S&P GSCI All Commodities index is flat so far in 2017 although prices for energy, m...Read More
A first look at DeepGreen Resources, a seafloor mining startup partnered with Glencore, Maersk, and Fiore Group to disrupt the metals industry and defend the environment. Growing up on his family's dairy farm in Queensland, Australia, Gerard Barron developed a work ethic that has helped him realize success in diverse industries. Barron has built and sold successful ventures in the finance, publi...Read More
Trilogy Metals' (TMQ, TMQ.TO) most recent resource update at the Arctic zone in Alaska was pretty impressive, as the deposit is now expected to contain a pit-constrained (!) resource of 36 million tonnes at an average grade of in excess of 3% copper, 4.23% zinc, 0.73% lead, 0.63 g/t gold and approximately 1.5 ounces of silver per tonne of rock.The average grades are absolutely stunning, and even...Read More
Shares in Canada's Osisko Gold Royalties (TSX, NYSE:OR) jumped Monday following the company's decision to buy a precious metals portfolio from US private equity firm Orion Mine Finance Group for Cdn$1.13 billion (about $834 million).The portfolio consists of 74 royalties, streams and precious metal offtakes, and its acquisition will result in Osisko holding a total of 131 royalties and streams, in...Read More
Investing.com - Gold prices rose to their highest level in around six weeks in European trade on Monday, as market players monitored mounting geopolitical tension in the Middle East as well as the fallout from the weekend terror attack in London.Comex gold futures rose to a session peak of $1,284.67 a troy ounce, a level not seen since April 20. It was last at $1,284.18 by 3:25AM ET (0725GMT), up...Read More
Investing.com - Gold prices rose to their highest level in over than a month on Friday after a disappointing U.S. employment report underlined the case for the Federal Reserve to continue raising rates at a gradual pace.Gold for June delivery settled at $1,278.77 on the Comex division of the New York Mercantile Exchange, up 0.93%. It was the highest close since April 25.The U.S. economy added 138,...Read More
Gold tends to become a rather dull market as the summer approaches. Will this year be different?1. Gold tends to become a rather dull market as the summer approaches. Will this year be different?2. The summer doldrums are caused by seasonal softness in Eastern jewellery demand, but the next major Fed rate hike announcement and commentary is just two weeks away.3. This Fed meeting appears to...Read More
Investing.com - Gold prices edged lower in early morning North American trade on Friday as increased risk appetite weighed on the safe haven asset and investors looked ahead to the U.S. employment report and its corresponding impact on Federal Reserve (Fed) monetary policy.On the Comex division of the New York Mercantile Exchange, gold for June delivery lost $4.40, or around 0.35% to $1.262.60 a t...Read More
The 43-day strike at Escondida copper mine - the longest private-sector mining strike in Chile's history - ended on March 24, but part owner and operator BHP only lifted the force majeure on Thursday.Escondida is the world's largest copper mine by a large margin and the operation accounts for about 5% of the world's total copper output. Estimates put lost copper output during the strike at around...Read More
Investing.com - Gold prices pulled away from the previous session's five-week highs on Thursday, as the dollar regained some ground ahead of a string of U.S. data due later in the day and on Friday amid mounting hopes for a June rate hike by the Federal Reserve.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were down 0.39% at $1,267.05.The June contract e...Read More
(Adds futures, company news items)June 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 21 points at 7541, on Thursday, according to financial bookmakers, with futures FFIc1 0.33 percent higher ahead of the cash market open.* POLL: Prime Minister Theresa May could lose control of parliament in Britain's June 8 election, according to a projection by polling company YouGov, raising th...Read More
June 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 21 points at 7541, on Thursday, according to financial bookmakers.* POLL: Prime Minister Theresa May could lose control of parliament in Britain's June 8 election, according to a projection by polling company YouGov, raising the prospect of political turmoil just as formal Brexit talks begin. BARCLAYS: Barclays BARC.L will sell...Read More
A new energy scenarios report identifies a critical need for large-scale investment and regional integration to unlock greater economic potential and mitigate risks for the energy sector in Latin America and the Caribbean.The World Energy Council has identified that if the Latin American & the Caribbean (LAC) region is to achieve a sustainable economic growth of 2.7% to 2060, an effective system o...Read More
May 31 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of May 30, 2017. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) --------------------------- --------- SHORT TERM RATINGS: ------------------- AbacusBGCRISIL A411Reaffirmed(Issuer NotCooperating) Adnan TradersPacking CreditCRISIL A470Reaffirmed Adnan Trad...Read More
Investing.com - Gold prices held steady on Wednesday, amid mounting expectations for a U.S. rate hike next month as investors awaited the release of key U.S. employment data later in the week.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were steady at $1,262.48.The June contract ended Thursday's session 0.47% lower at $1,262.10 an ounce.Futures were lik...Read More
(Adds company news items, futures)May 31 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 8 points at 7,535 on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.* IG GROUP: IG Group Holdings Plc IGG.L , a British online trading company, said it expected full-year pretax profit and earnings to be "modestly" ahead of last year,...Read More
May 31 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 8 points at 7535 on Wednesday, according to financial bookmakers.* INDIVIOR: British drugmaker Indivior Plc INDV.L said on Tuesday it applied for a new drug application to the U.S. Food and Drug Administration to market its drug to treat opioid use disorder (OUD). ANTOFAGASTA: Chilean mining company Antofagasta Minerals ANTO.L...Read More