(Bloomberg) -- Tech and pharma may be getting the attention these days, but three mining billionaires are quietly padding their fortunes with an investment that's decidedly more old school.Saudi Arabia's Mohammed Al Amoudi and Russia's Alexander Nesis and the family of Suleiman Kerimov have the largestRead full newsRead More
Karangahake Gorge Historic Walkway in Karangahake, New Zealand, follows an old railway line with access to an abandoned gold mine. Bring a flashlight.Read full newsRead More
KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) (Read full newsRead More
Gold stocks continue to dominate the mid-pandemic stock markets. For a mix of momentum and safety, this asset class cannot be beaten amid high uncertainty and crushing market forces. In particular, Centerra Gold (TSX:CG) shot up 6% today, as investors woke up to its mix of growth and value. Its share price has now seen an outstanding 50% growth in the last three months.This is still a strong play...Read More
Self-directed investors can start making money online with stocks after they’ve created a stock investing account at a financial institution. There are two straightforward ways to make money — through price appreciation and dividends.What drives stock price appreciation?Two things drive stock price appreciation: business performance and valuation expansion. Here are examples for illust...Read More
Image from Metso Outotec. Metso Outotec closed on Monday the acquisition of the Australia-based fastener and wear monitoring technology provider Davies Wear Plate Systems, extending its wear lining portfolio and capabilities. The acquired technology includes fasteners with a unique locking mechanism that does not require traditional studs and nuts and enables faster and safer...Read More
Los Santos tungsten mine, Spain. Image by Almonty Industries. The global tungsten industry has yet to achieve success in expanding a supply chain outside China's dominant resource base, but new raw material sources could change the picture.Tungsten is a rare earth element (REE) and is on the US government's list of minerals considered critical to its economic and national security.The mineral is...Read More
I'm not a gold bug...I've always operated by the old Mark Twain quote that the definition of a gold mine is "a hole in the ground with a liar standing at the top."When I used to think of gold investing, I imagined an old prospector panning for it in a shallow creek, wearing a ragged hat and muddy overalls. I pictured end-of-the-world preppers screaming about burying gold in your backyard before th...Read More
File image. Barrick Gold (NYSE:GOLD, TSX:ABX) announced Monday it has grown its exploration team through the appointment of geologists Aoife McGrath and Leandro Sastre in the newly created positions of vice president exploration for Africa and Middle East, and Latin America and Asia Pacific respectively.The world's second-largest gold miner in March unveiled a 10-year production plan aimed at b...Read More
Brucejack mine, British Columbia. Image from Pretium Resources An incident took place last Friday at Pretium Resources' (TSX, NYSE: PVG) Brucejack mine near Stewart, British Columbia, leading to the death of one worker, the company reported over the weekend.The isolated incident occurred during maintenance at a support facility on surface, Pretium said in a media statement.The injured employee wa...Read More
Gold reversal. Stock image. Gold prices retreated from a record high on Monday as US and European equities rose on positive economic data and the dollar climbed. Worries over rising coronavirus cases and its impact on the global economy still remain, limiting bullion's losses.Spot gold fell 0.4% to $1,967.97 per ounce by noon EDT, after reaching an intraday high of $1,984.70 per ounce. Gold futur...Read More
Here are five Fastmarkets stories you might have missed on Monday August 3 that are worth another look.The year 2020 has been the ultimate stress test for commodity market participants and will stay challenging amid significantly impaired consumer demand trends due to the Covid-19 pandemic, according to the chief executive officer of Concord Resources. Mark Hansen said the economy is operatin...Read More
Zinc concentrate treatment charges (TCs) rose for the second consecutive month in July after hitting a 19-month low in May, with spot availability increasing slightly.Fastmarkets' price assessment for zinc spot concentrate TCs, cif China was $165-185 per tonne on Friday July 31, up by $5 from $160-180 per tonne on June 26.Mining companies are beginning to recover lost production after Covid-19 pan...Read More
Jack ChanPosted Aug 3, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.(Click on image to enlarge)Higher prices, lower speculation. A divergence.(Click on image to enlarge)A sharp pullback on spec...Read More
Amid a hot market for copper, China's smelters are jumping in on a profitable niche business dominated by traders.Eight major copper smelting and mining companies - China Gold, China Copper, Baiyin, Daye, Yantai Guoxing, Jinchuan, Minmetals and Nanguo - are lobbying for licenses to import and process complex concentrate, Fastmarkets has learned. In a race to receive final approv...Read More
Elsewhere, the FTSE 100 had closed up 2.29% and Japan's Nikkei 225 gained 2.24%, while the Nasdaq rose 1.47% to 10,902.80."RECORD HIGH NASDAQ! It would all come crashing down, including your Jobs, Stocks, and 401k's, if Sleepy Joe ever became President. China and others would own us!!!" US president Donald Trump tweeted.The US is set to hold its presidential election in November.Marex Spectron's A...Read More
Zinc concentrate treatment charges (TCs) rose for the second consecutive month in July after hitting a 19-month low in May, with spot availability increasing slightly.Fastmarkets' price assessment for zinc spot concentrate TCs, cif China was $165-185 per tonne on Friday July 31, up by $5 from $160-180 per tonne on June 26.Mining companies are beginning to recover lost production after Covid-19 pan...Read More
Amid a hot market for copper, China's smelters are jumping in on a profitable niche business dominated by traders.Eight major copper smelting and mining companies - China Gold, China Copper, Baiyin, Daye, Yantai Guoxing, Jinchuan, Minmetals and Nanguo - are lobbying for licenses to import and process complex concentrate, Fastmarkets has learned. In a race to receive final approv...Read More
The year 2020 has been the ultimate stress test for commodity market participants and will stay challenging amid significantly impaired consumer demand trends due to the Covid-19 pandemic, according to the chief executive officer of Concord Resources. Mark Hansen said the economy is operating on 70-90% of its usual demand strength due to the pandemic, with huge portions of previously high-demand g...Read More
Here are five Fastmarkets stories you might have missed on Monday August 3 that are worth another look.The year 2020 has been the ultimate stress test for commodity market participants and will stay challenging amid significantly impaired consumer demand trends due to the Covid-19 pandemic, according to the chief executive officer of Concord Resources. Mark Hansen said the economy is operatin...Read More