* U.S. weekly jobless claims lowest since 1969 * Platinum hits highest since mid-June* SPDR gold holdings hit lowest since Dec. 17(Updates prices, adds comments and details)By Sumita LayekApril 4 (Reuters) - Gold prices dipped to a four-week low onThursday as the dollar firmed after robust weekly jobless datafrom the United States while investors awaited clarity on theprogress of U.S.-China trade...Read More
Premier Gold Mines (TSX:PG) announced this week that it entered into an agreement with Americas Silver Corporation to acquire an option to purchase a 100% interest in the San Felipe property in Mexico.To move forward with the deal, Premier has to pay $7 million on closing and make additional payments of $1.9 million upon the making of a positive construction decision and then upon achieving commer...Read More
Premier Gold Mines (TSX:PG) announced this week that it entered into an agreement with Americas Silver Corporation to acquire an option to purchase a 100% interest in the San Felipe property in Mexico.To move forward with the deal, Premier has to pay $7 million on closing and make additional payments of $1.9 million upon the making of a positive construction decision and then upon achieving commer...Read More
(Updates with closing prices)By Peter HobsonLONDON, April 4 (Reuters) - Copper prices fell on Thursdayas weak German factory data underlined concerns about theoutlook for demand and a big inflow of metal into London MetalExchange (LME) warehouses suggested supply was adequate.Other industrial metals also slipped despite positivesignals from U.S.-China trade talks. Benchmark copper on the LME close...Read More
"Wesdome Provides Update on Eagle River Mine Surface Exploration Drilling and Confirms Presence of Gold Minerlization West of Mine Diorite https://t.co/B62y3BCmSS"Read full newsRead More
Botswana Diamonds (LON:BOD) said Thursday it had concluded drilling on the Frischgewaagt and Hartbeesfontein farms, which form part of its Thorny River diamond project in South Africa.The next step, the miner said, is to obtain the necessary regulatory approvals to start the bulk sampling program, which is expected during the second quarter of the year.Botswana Diamonds has also finished refurbis...Read More
Botswana Diamonds (LON:BOD) said Thursday it had concluded drilling on the Frischgewaagt and Hartbeesfontein farms, which form part of its Thorny River diamond project in South Africa.The next step, the miner said, is to obtain the necessary regulatory approvals to start the bulk sampling program, which is expected during the second quarter of the year.Botswana Diamonds has also finished refurbis...Read More
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Australia's Lucapa Diamond (ASX:LOM) said Thursday it had signed funding and refinancing arrangements that will allow it to reduce debt related to developing its recently commissioned Mothae mine in Lesotho, South Africa.The diamond producer has inked deals with New Azilian and Equigold, following the delivery and de-risking of Mothae, which began commercial production in December."These new r...Read More
Australia's Lucapa Diamond (ASX:LOM) said Thursday it had signed funding and refinancing arrangements that will allow it to reduce debt related to developing its recently commissioned Mothae mine in Lesotho, South Africa.The diamond producer has inked deals with New Azilian and Equigold, following the delivery and de-risking of Mothae, which began commercial production in December."These new r...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company"), announces that it intends to complete a non-brokered private placement offering (the "Offering") to raise gross proceeds of up to CA$2,000,000.The Corporation plans to issue up to 6.67 million units (the "Units") at a price of CA$0.30 per Unit. Each Unit consists of one common share and one tra...Read More
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Gold price is driven by US bond yields, Fed interest rate expectations, and the US dollar - not supply and demand.Read full newsRead More
Published 23 Hours AgoUpdated7 Hours AgoReuters Getty ImagesGold eased on Thursday, touching a near ten-week low earlier in the session and pressured by a firm dollar on the back of gold-positive U.S. jobs data, while investors awaited clarity on the U.S.-China trade talks.Spot gold was down 0.2 percent at $1,287.56 an ounce, having earlier touched its lowest since Jan. 25 at $1,280.59. U.S. gold...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed up, boosted by a report that U.S. and China have resolved most of their trade agreement issues. Advanced Micro Devices (AMD - Get Report) and Micron Technology (MU - Get Report) rose following a report that Taiwan Semiconductor Manufacturing (TSM - Get Report) would boost its...Read More
A crimp in London Metal Exchange zinc supply continues to fuel price action above $2,900 per tonne on Wednesday April 3, while a small contango in the copper nearby spread is contributing to increased buying. The three-month zinc price continues to trade near the $3,000 per tonne mark. The metal's cash/three-month spread was recently in a backwardation of $70 per tonne, with the current spread hea...Read More
The estimated arbitrage for shipping aluminium from warehouses in Asia to the United States narrowed in March following a large rise in US river barge prices and slightly softer aluminium premiums in the region. The cost to ship metal via barge from New Orleans up the Mississippi and Ohio rivers to Owensboro have increased around $5 per tonne to nearly $21.50 per tonne. "Spot barge rates are the s...Read More
Weak demand pushed European premiums down in the week ended Tuesday April 2 even though restored Indonesian supply is less than before; meanwhile, overseas firms sold aggressively into the United States bringing down the premiums there and China's tin market saw no change. European low-lead premium drops 10% week on week. Bargain tin was available in Baltimore after US suppliers were underc...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Turkish steel producers continued to stay away from the deep-sea scrap markets due to domestic political instability and weak demand for finished steel, sources said on Wednesday April 3.The lowest offer for HMS 1&2 (80:20) was heard at $315 per tonne cfr from a Baltic Sea supplier but the mills did not want to pay any higher than $305 per tonne, Fastmarkets was told.The mills were also waiting fo...Read More