GABORONE - Botswana's Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country's government, aims to keep production at around 24 million carats this year, its managing director said on Friday.Debswana lifted diamond output by 6 percent to a four-year high of 24.1 million carats in 2018, buoyed by strong demand from the United States, China and India."I see the yea...Read More
Runruno mine manager looking at new Nomad and US$44M debt due at the end of MarchRead full newsRead More
The headset maker is headed toward its worst day since January 2018The shares of Turtle Beach Corp (NASDAQ:HEAR) are sinking this morning, after the headset maker said it expects current-quarter adjusted earnings to arrive below the consensus estimate. The company also said it was purchasing high-end computer accessories firm Roccat. This is offsetting fourth-quarter earnings and revenue beats, wi...Read More
RUSTENBURG - South Africa's labour court has rejected a request by the Association of Mineworkers and Construction Union (AMCU) to hold an industry-wide strike covering the platinum and gold sectors, Anglogold Ashanti, Anglo American Platinum and Lonmin said on Friday.AMCU has been on strike at Sibanye-Stillwater's gold operations since mid-November in a pay dispute. It wanted to extend the strike...Read More
RUSTENBURG - South Africa's labour court has rejected a request by the Association of Mineworkers and Construction Union (AMCU) to hold an industry-wide strike covering the platinum and gold sectors, Anglogold Ashanti, Anglo American Platinum and Lonmin said on Friday.AMCU has been on strike at Sibanye-Stillwater's gold operations since mid-November in a pay dispute. It wanted to extend the strike...Read More
New coverage was initiated on AMGN and GILDBrokerage firm BMO just began coverage on Amgen, Inc. (NASDAQ:AMGN) and Gilead Sciences, Inc. (NASDAQ:GILD), expecting major upside from both stocks. Let's take a closer look at the bull notes, along with other notable options data on AMGN and GILD shares. For AMGN, BMO issued an "outperform" rating and $228 price target. This represents all-time-high ter...Read More
MOSCOW - Russian state-controlled diamond producer Alrosa said on Friday its 2018 net profit rose 15% to 90.4 billion roubles ($1.4 billion), as a fall in sales volume was offset by stronger global prices.Though sales volume fell by 8% year-on-year, stronger pricing, particularly in the first half of 2018, meant sales by value increased by 6 percent to $4.4 billion, Alrosa said.This helped to lift...Read More
The Brexit battle is helping to boost gold's near-term prospects.Euro and pound currency strength is stimulating overseas gold demand.U.S. dollar is also weakening, removing gold's biggest rally obstacle.After yet another setback for Britain's exit from the European Union, the euro currency has staged a rally in recent days. This has been extremely beneficial for the gold price, as we'll s...Read More
* China's refined copper output in January and February rose by 6.3 percent year-on-year to 1.34 million tonnes, the National Bureau of Statistics said on Friday.* Output on a daily basis works out at around 22,712 tonnes, according to Reuters calculations, down 16.1 percent from December's rate of around 27,065 tonnes* The bureau does not typically provide individual monthly numbers for January a...Read More
Today is quadruple witching FridayDow Jones Industrial Average (DJI) futures are more than 130 points above fair value this morning, thanks to encouraging U.S-China trade developments. More specifically, following yesterday's reports the two countries postponed a high-level trade meeting originally slated for later this month, Chinese Premier Li Keqiang expressed optimism that a deal will be done...Read More
Newmont Mining (NYSE:NEM) announced Friday that the $245-milion power station project for its Tanami gold mine in northern Australia had been completed.The world's No.2 gold and copper producer, which has fully owned and operated the mine since 2002, said the project included the installation of two power stations, a 66 kV interconnected power line, and a 450 km natural gas pipeline.Newm...Read More
Newmont Mining (NYSE:NEM) announced Friday that the $245-milion power station project for its Tanami gold mine in northern Australia had been completed.The world's No.2 gold and copper producer, which has fully owned and operated the mine since 2002, said the project included the installation of two power stations, a 66 kV interconnected power line, and a 450 km natural gas pipeline.Newm...Read More
Newmont Mining (NYSE:NEM) announced Friday that the $245-milion power station project for its Tanami gold mine in northern Australia had been completed.The world's No.2 gold and copper producer, which has fully owned and operated the mine since 2002, said the project included the installation of two power stations, a 66 kV interconnected power line, and a 450 km natural gas pipeline.Newm...Read More
Newmont Mining (NYSE:NEM) announced Friday that the $245-milion power station project for its Tanami gold mine in northern Australia had been completed.The world's No.2 gold and copper producer, which has fully owned and operated the mine since 2002, said the project included the installation of two power stations, a 66 kV interconnected power line, and a 450 km natural gas pipeline.Newm...Read More
Australia's Lucapa Diamond (ASX:LOM) has recovered an 83.9 carat diamond from its recently commissioned Mothae mine in Lesotho, Africa.The stone is the fourth diamond over 50 carats the company has recovered to date at its 70%-owned Mothae operation.While the find was not gem-quality, Lucapa says it continues to underline the large-stone nature of the kimberlite resource.Commercial production at...Read More
Australia's Lucapa Diamond (ASX:LOM) has recovered an 83.9 carat diamond from its recently commissioned Mothae mine in Lesotho, Africa.The stone is the fourth diamond over 50 carats the company has recovered to date at its 70%-owned Mothae operation.While the find was not gem-quality, Lucapa says it continues to underline the large-stone nature of the kimberlite resource.Commercial production at...Read More
Australia's Lucapa Diamond (ASX:LOM) has recovered an 83.9 carat diamond from its recently commissioned Mothae mine in Lesotho, Africa.The stone is the fourth diamond over 50 carats the company has recovered to date at its 70%-owned Mothae operation.While the find was not gem-quality, Lucapa says it continues to underline the large-stone nature of the kimberlite resource.Commercial production at...Read More
The price of gold has flattened and weakened over the last few weeks.Since the uncertainty over the tariff negotiations has ebbed quite a bit, volatility in the gold market has decreased.So where does gold go from here, and what factors are likely to influence the price of the precious metal?By Scott Bauer At a Glance Four factors are moving the precious metal far more than China/U.S. tensions....Read More
Artificial intelligence may revolutionize trading.Sometimes watching the market can feel like riding a roller coaster.Many investors feel glued to the news, watching the market rise and fall hundreds of points, day after day, week after week.But savvy traders know these market conditions mean huge profit potential for anyone that knows how to trade them.And one "secret" that more and more traders...Read More
Market Overview There is a slightly more settled look to markets as the weekend approaches. With all of this week’s key Brexit votes in the UK Parliament have passed, it will be interesting to see if sterling begins to settle down. Initially as European traders take over this morning, a degree of selling pressure has taken hold, although this is so far nowhere as severe as other moves earlie...Read More