(Kitco News)- Gold and silver prices are slightly lower in early U.S. trading Thursday. However,the safe-haven metals bulls are closely watching developments today in thesecondary currency markets. December gold futures were last down $1.20 an ounceat $1,210.40. December Comex silver was last down $0.12 at $14.69 an ounce. Afeature in the marketplace today is weakness in secondary market currencie...Read More
Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More
"Tahoe Resources says thieves tried to steal #gold solution at La Arena in Peru by cutting holes in a pipeline and ended up causing a spill into a nearby creek | https://t.co/K0WrlDqY63 #TSX $THO"Read full newsRead More
* Aluminium on-warrant stocks fall to lowest in over 11years * Dollar adds pressure on metals * GRAPHIC-2018 asset returns: (Adds closing prices, dollar, strike)By Zandi ShabalalaLONDON, Aug 30 (Reuters) - Aluminium snapped a five-sessionwinning streak on Thursday as trade tensions between the UnitedStates and top metals consumer China upstaged optimism over thechances of clinching a new North Ame...Read More
(Repeats to widen distribution)By Ernest ScheyderAug 30 (Reuters) - As global demand for lithium hitsoverdrive, Albemarle Corp is investing millions ofdollars to engineer specialized types of the light metal forelectric car batteries, part of a strategy to remain the nichemarket's top producer.The pivot comes as battery makers such as Panasonic Corp , the sole battery supplier to Tesla Inc ,increa...Read More
Moscow: 30 August 2018 - The Kimberley Process (KP) delegation conducted a review visit to Russia on August 25-30 to check the system of mining, accounting, implementation and control of operations with rough diamonds, and to assess their compliance with the minimum requirements of the KP Certification Scheme. The delegation was led by Angola and included representatives of Botswana, EU, UAE, So...Read More
Canadian gold junior Orosur Mining (TSX, AIM:OMI) will close its San Gregorio West mine in Uruguay after lower than expected grades at the underground operation lead the company to post pre-tax loss of $27.18-million in the 2018 financial year.The miner, which has decided to focus on Colombia, said it expected the operation to yield between 2,500 - 3,500 ounces of gold in the next three months, a...Read More
Canadian gold junior Orosur Mining (TSX, AIM:OMI) will close its San Gregorio West mine in Uruguay after lower than expected grades at the underground operation lead the company to post pre-tax loss of $27.18-million in the 2018 financial year.The miner, which has decided to focus on Colombia, said it expected the operation to yield between 2,500 - 3,500 ounces of gold in the next three months, a...Read More
Canadian gold junior Orosur Mining (TSX, AIM:OMI) will close its San Gregorio West mine in Uruguay after lower than expected grades at the underground operation lead the company to post pre-tax loss of $27.18-million in the 2018 financial year.The miner, which has decided to focus on Colombia, said it expected the operation to yield between 2,500 - 3,500 ounces of gold in the next three months, a...Read More
DAKAR, Aug 30 (Reuters) - Operations have resumed atAngloGold Ashanti's Siguiri gold mine in Guinea after aworkers strike halted activities for a day, a company vicepresident said on Thursday."There was a day-long stoppage, which has since ended. Noimpact on full-year production," Chris Nthite told Reuters. (Reporting by Aaron Ross; writing by Sofia Christensen; editingby Jason Neely)...Read More
* Strong U.S. consumer spending data boosts dollar * Gold heading for fifth straight monthly loss * Palladium hits 10-week high* GRAPHIC-2018 asset returns: (Updates prices, headline; adds comment, second byline, NEWYORK to dateline)By Renita D. Young and Eric OnstadNEW YORK/LONDON, Aug 30 (Reuters) - Gold slid below keysupport of $1,200 an ounce on Thursday, undermined by a firmerdollar following...Read More
Australia's Northern Star Resources (ASX:NST) is expanding overseas by acquiring Sumitomo Metal Mining Co and Sumitomo Corp's Pogo underground gold mine in Alaska for $260 million.Pogo, located southeast of Fairbanks city, is currently the eight largest gold mine in the US. It has produced 3.8 million ounces of gold over the past 12 years at an average mine grade of 13.6 grams per tonne.Pogo, lo...Read More
Australia's Northern Star Resources (ASX:NST) is expanding overseas by acquiring Sumitomo Metal Mining Co and Sumitomo Corp's Pogo underground gold mine in Alaska for $260 million.Pogo, located southeast of Fairbanks city, is currently the eight largest gold mine in the US. It has produced 3.8 million ounces of gold over the past 12 years at an average mine grade of 13.6 grams per tonne.Pogo, lo...Read More
Australia's Northern Star Resources (ASX:NST) is expanding overseas by acquiring Sumitomo Metal Mining Co and Sumitomo Corp's Pogo underground gold mine in Alaska for $260 million.Pogo, located southeast of Fairbanks city, is currently the eight largest gold mine in the US. It has produced 3.8 million ounces of gold over the past 12 years at an average mine grade of 13.6 grams per tonne.Pogo, lo...Read More
JOHANNESBURG, Aug 30 (Reuters) - South Africa's rand tradedweaker early on Thursday, continuing to suffer on global riskaversion linked to the trade wrangle between the United Statsand China and financial turmoil in Turkey.* At 0645 GMT the rand was 0.52 percent weaker at14.4325 per dollar compared to a close of 14.3575 overnight inNew York.* The rand has fallen alongside other emerging marketcurr...Read More
DAKAR, Aug 30 (Reuters) - Copper output in Democratic Republic of Congo rose 7.9 percent year-on-year in the first half of 2018 to 597,249 tonnes and cobalt production jumped 37.6 percent to 52,491 tonnes, the central bank said on Thursday.Congo is Africa's top copper producer and the world's leading miner of cobalt, which is a key component in electric vehicles and other electronic products.Gold...Read More
DAKAR, Aug 30 (Reuters) - Copper output in Democratic Republic of Congo rose 7.9 percent year-on-year in the first half of 2018 to 597,249 tonnes and cobalt production jumped 37.6 percent to 52,491 tonnes, the central bank said on Thursday.Congo is Africa's top copper producer and the world's leading miner of cobalt, which is a key component in electric vehicles and other electronic products.Gold...Read More
"Monday we gave daily resistance at 1210-1212 & Tuesday said Outside Reversal Pattern on Daily chart.Since the low, pattern choppy & overlapping.While there are no absolutes, only odds, its usually BEARISH.Close below Pivot (2 HRS) & test 1197-1202.Failure there & 1182."Read full newsRead More
"@simos_chris @PMSInvestor @EconguyRosie Those numbers are very close to what I'm looking at as far as direction in Sept. At least for the moment."Read full newsRead More
* Eskom has struggled with labour unrest for months * President Ramaphosa has plans to reform utility * Wage deal helps safeguard country's power supplies * But will place added burden on Eskom's finances(Adds detail, Eskom comment, analyst)By Tanisha Heiberg and Mfuneko ToyanaJOHANNESBURG, Aug 30 (Reuters) - South African trade unionsended a pay dispute with state power firm Eskom on Thursday,rem...Read More