Investing.com - Gold prices edged lower during European morning hours on Monday, as market players awaited further hints on the timing of the next U.S. rate hike.Gold for April delivery on the Comex division of the New York Mercantile Exchange shed $3.35, or about 0.3%, to $1,235.75 a troy ounce by 3:15AM ET (08:15GMT).Trading activity was likely to stay light as markets in the U.S. remain closed...Read More
(Adds futures, company news items)Feb 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 11 points at 7,310 on Monday, according to financial bookmakers, with futures 0.3 percent higher ahead of the cash market open.* The benchmark FTSE 100 .FTSE index finished 0.3 percent higher on Friday and gained 0.6 percent for the week. The index, dominated by companies that trade international...Read More
Feb 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 11 points at 7,310 on Monday, according to financial bookmakers.* The benchmark FTSE 100 .FTSE index finished 0.3 percent higher on Friday and gained 0.6 percent for the week. The index, dominated by companies that trade internationally, was also supported by weakness in sterling after a drop in British retail sales for January....Read More
"Grade is king". This is very true, especially in today's challenging mineral commodities market conditions. The grade of metal in ore is usually directly related to the ability of a particular mine to make money and be profitable.All things being equal, a higher grade generally means lower production costs per ounce/pound/ton, making high-grade ore deposits a crucial consideration for mining inve...Read More
Investing.com - Gold prices fell on Friday as the stronger dollar outweighed concerns about uncertainty surrounding U.S. policy and upcoming elections in Europe.Gold for February delivery settled down 0.46% at $1,235.85 on the Comex division of the New York Mercantile Exchange.The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, ro...Read More
Canada's Northern Dynasty Minerals (TSX:NDM) (NYSEMKT:NAK), the company behind a vast, but stalled copper-gold project in Alaska, slammed Friday a short-seller's report that claims the firm lied about the value of its proposed Pebble mine.Kerrisdale Capital of New York said Tuesday the project was not commercially viable and that it really is a low-grade deposit that would require too much upfr...Read More
* Global stocks retreat from record highs* Earnings buoying European equities* Investors await substantive policy update from TrumpBy Helen ReidLONDON, Feb 17 (Reuters) - Global equity markets were set to end the week on a softer footing on Friday, after setting record highs in the previous two sessions, as investors looked for clarity on U.S. President Donald Trump's policies on tax and trade.The...Read More
Investing.com - Gold prices slipped lower on Friday, as the U.S. dollar slightly recovered from losses posted in the previous session, although ongoing geopolitical concerns were likely to continue to support safe-haven demand.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were down 0.28% at $1,238.05, just off Thursday's one-week high of 1,240.70.The Ap...Read More
(Adds futures, company news items)Feb 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening flat at 7278 points on Friday, according to financial bookmakers , with futures FFIc1 up 0.02 percent ahead of the cash market open.* The blue-chip FTSE 100 index .FTSE ended the day down 0.3 percent at 7,277.92 points on Thursday, in line with a broader decline among European indexes. The FTSE drop...Read More
Feb 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening flat at 7278 points on Friday, according to financial bookmakers.* The blue-chip FTSE 100 index .FTSE ended the day down 0.3 percent at 7,277.92 points on Thursday, in line with a broader decline among European indexes. The FTSE dropped 28.46 points, of which 27.64 were due to ex-divs, according to Reuters calculations. Anglo Americ...Read More
Source: MAC's Facts & Figures 2016.While optimism is slowly but steadily returning to the global mining industry, Canada doesn't seem to be in a good position to benefit from the increasing number of companies ready to make new and significant investments.At least that is the conclusion from a report released Thursday by the Mining Association of Canada (MAC), which also warns of the possibility o...Read More
Canada's Barrick Gold (TSX, NYSE:ABX), the world's largest miner of the precious metal, has chosen to remain focused on cash flow generation rather than growth.The miner is focusing on projects with the potential to add as much as 1.1 million ounces of gold to its total output beyond 2021.While the Toronto-based company revealed Wednesday it plans to boost annual output this year, it said such in...Read More
* World stocks index at record peak, Europe fades* U.S. dollar bounce loses steam on profit taking* Wall Street pulls back as banks lag (Updates with U.S. market open; changes byline, dateline; previous LONDON)By Chuck MikolajczakNEW YORK, Feb 16 (Reuters) - A gauge of major world equity markets scaled a fresh record on Thursday, boosted by rosy global data, while U.S. bond prices received a lift...Read More
* World stocks index hits record hit, Europe fades* U.S. dollar bounce runs out of steam on profit taking* Technical indicators ask questions about valuations* Data remains strongBy Marc JonesLONDON, Feb 16 (Reuters) - World stocks hit an all time high on Thursday as the latest round of robust global data matched hopes that major economies like the United States will soon be serving up large helpi...Read More
Investing.com - Gold prices rose to a one-week high on Thursday, as the U.S. dollar pulled back from its strongest level in more than a month, supporting demand for the yellow metal.Gold for April delivery on the Comex division of the New York Mercantile Exchange inched up $4.05, or about 0.3%, to $1,237.15 a troy ounce by 3:15AM ET (08:15GMT).It rose to $1,238.00 during Asian hours, the strongest...Read More
(Adds company news items, futures)Feb 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 7 points to 7295 on Thursday, according to financial bookmakers, with futures down 0.1 percent ahead of the cash market open.* The blue-chip FTSE 100 index closed 0.5 percent higher at 7302.41 after setting its highest level since mid-January on Wednesday as investors bet on financial stocks fo...Read More
Feb 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 7 points to 7295 on Thursday, according to financial bookmakers.* The blue-chip FTSE 100 index closed 0.5 percent higher at 7302.41 after setting its highest level since mid-January on Wednesday as investors bet on financial stocks following U.S. Federal Reserve chief Janet Yellen's hawkish tone suggested U.S. interest rates wo...Read More
Brazil's Vale (NYSE:VALE) is said to be looking for a buyer for its four fertilizer plants, located in the southeastern city of Cubat??o, which were not included in a $2.5 billion deal inked last year with US-based Mosaic Co, the No.1 producer of phosphate fertilizer.The assets include four plants producing phosphate-based, ammonia and nitrogen byproducts.The reworked plan follows a decision by No...Read More
A new report by SNL Metals and Mining on exploration spending by the largest mining companies, documents the shifting sands in the mining industry last year as the sector began to turn around.SNL, part of S&P Global, notes that larger players allocated a total of nearly $2.2 billion for non-ferrous exploration during the year. Companies with the 20 largest exploration budgets in 2016 accounted for...Read More
Canada's largest diversified miner Teck Resources (TSX: TCK.A, TCK.B) (NYSE:TCK) reported Wednesday a net profit of $697 million for the fourth quarter of 2016, a welcomed turnaround from the year-ago loss, when it recorded one-time charges of C$536 million.The miner benefitted from higher coking coal prices, which climbed 155.5% to $207 in the quarter.The Vancouver-based company, North Ameri...Read More