Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The price of ammonium paratungstate (APT) continued its downward trend last week amid weakening demand, while Fanya stock fears re-appeared following news the failed exchange is releasing some indium stocks for auction. APT price falls in China; spot activity picks up in Europe but sentiment still bearish Concentrate price stable amid slow trading European ferro-tungsten edges down on...Read More
The gold price rose 1.66% to US$1,302.60. The Philadelphia Gold and Silver Index rose 4% to 71.17, and the Dow Jones Industrial Average rose 0.12% to 24,737.20. The S&P 500 Index fell 0.22% to 2,664.76.Shares of Yamana Gold rose 11.3% to US$2.57. The company produced 940,600 oz. gold in 2018, exceeding its full-year guidance by 20,600 oz. gold. It produced 270,200 oz. gold in the fourth quarter of...Read More
The S&P/TSX Composite Index rose 0.41% to 15,366.05. The S&P/TSX Global Mining Index gained 1.71% to 68.54, while the S&P/TSX Global Base Metals Index fell 1.03% to 107.44. Spot gold moved US$21.30 per oz. higher to finish the week at US$1,302.60 per oz., and the S&P/TSX Global Gold Index jumped 5.20% to 181.21.Royal Nickel posted the highest trading volume based on drill results from its Beta Hu...Read More
Over the last two years, Uranium Energy (NYSE-AM: UEC) has taken advantage of the downturn in uranium markets and acquired uranium projects in the Powder River basin of Wyoming, Canada's Athabasca basin and Paraguay. "When prices are falling you can pull your horns in and sit on your hands, but we've been very active," says Scott Melbye, UEC's vice-president corporate development.At the same time...Read More
Canada's federal government has approved the environmental assessment of Argonaut Gold 's (TSX: AR) Magino project in Ontario.The open-pit project must still receive provincial government approval for the EA and other key authorizations including a construction permit and mine closure plan.A December 2017 feasibility study estimated the open-pit project would produce about 116,000 ounces of gold o...Read More
Goldcorp (TSX: G; NYSE: GG) expects to produce more silver, zinc, lead and gold equivalent ounces in 2019 compared to 2018.The company, which is currently merging with Newmont (NYSE: NEM), produced 630,000 oz. gold in 2018's fourth quarter at $850 per oz. gold all in sustaining costs (AISC). In 2018, it produced 2.29 million oz. gold, and expects to produce a similar amount of gold in 2019.The com...Read More
Angola is planning to hold its first diamond auction this week, inviting around 35 companies to bid for seven stones as the world's fifth largest producer moves to make the sector more lucrative for producers and the state.The stones, selected for their rare quality and size, were produced by the Lulo project operated by Australia-listed Lucapa in the northeastern province of Lunda Norte."It's our...Read More
Canada's federal government has approved the environmental assessment of Argonaut Gold 's (TSX: AR) Magino project in Ontario.The open-pit project must still receive provincial government approval for the EA and other key authorizations including a construction permit and mine closure plan. Argonaut Gold also anticipates completing a prefeasibility study on Cerro del Gallo, an advanced project in...Read More
Oil prices are still down sharply from the highs of October 2018, but the industry may still increase spending this year. The cost of developing new projects might rise along with higher spending levels.A survey of top industry executives by DNV GL suggests that capital spending on oil and gas could rise in 2019. Of the 791 senior professionals in the energy industry surveyed by DNV GL, 70 percent...Read More
Caterpillar Inc. had the biggest quarterly profit miss in a decade as a China slowdown hit demand for its signature yellow construction and mining equipment. The shares tumbled.The Deerfield, Illinois-based company also issued a 2019 profit forecast range which, at the low end, was below the average of analysts' expectations, adding to worries over mounting trade tensions that pummeled the heavy-e...Read More
With many gold companies struggling to raise equity in public markets, consolidation may become a way of life in the sectorRead full newsRead More
"It's been a bumpy 12 months for #mining finance. Our Mining Journal Intelligence Global Finance Report goes in-depth on current funding trends and which markets are best for miners and explorers | https://t.co/ddNLgGIoo0"Read full newsRead More
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"Hundreds are missing and Vale has tough questions to answer about its ability to protect workers and communities after the Brumadinho tailings disaster | https://t.co/L6djUqUsfL #Brumadinho $VALE"Read full newsRead More
The biggest EPS miss for CAT in over 3 years is not helping the broader market, asRead full newsRead More
Brazil's Vale SA, the world's largest iron ore miner, suspended its planned shareholder dividends, share buybacks and executive bonuses as it braces for the financial fallout from a Friday catastrophe in which a dam breach left at least 58 people dead.Read full newsRead More
PBOC fixed the yuan dramatically stronger against the dollar overnight, sending offshore yuan surging to its strongest against the dollar in six months.Read full newsRead More
Nearly half of Japan's key economic government statistics need to be reviewed with 22 discrete statistics, or roughly 40% of the 56 key government economic releases, turning out to beRead full newsRead More
Game of Thrones loses one of its Dark Hedges trees and all that glitters is not gold.Read full newsRead More
With the right guidance, veering toward Class C properties in lower-income areas is a great way for investors to find their next diamond in the rough.Read full newsRead More