Poland's copper producer KGHM expects an average copper price this year at $6,100-$6,300 per tonne, the company's Chief Executive Marcin Chludzinski said on Wednesday."We refer to lower end of copper price range forecast by analysts and we assume an average copper price at $6,100-$6,300 per tonne. I think this is realistic, today the price has neared $6,000," Chludzinski told Reuters.(Reporting by...Read More
"*INDIA DEC. IMPORTS FALL 2.4% Y/Y*INDIA DEC. EXPORTS RISE 0.3% Y/Y*INDIA DEC. TRADE BALANCE -$13.080 BLN; EST. -$14.500 BLN*INDIA'S DEC. GOLD IMPORTS AT $2.57B, DOWN 24.3% Y/Y"Read full newsRead More
* Poor German data, Draghi warning, weighs on singlecurrency * UK PM May loses historic vote, no-confidence motion called * Second referendum hopes boosts pound against euro * Graphic: World FX rates in 2018 (Recasts; updates prices; adds analyst quote; changes byline,changes dateline from LONDON to NEW YORK)By Kate DuguidNEW YORK, Jan 16 (Reuters) - The dollar rose against theeuro on Wednesday as...Read More
(Updates with closing prices)By Peter HobsonLONDON, Jan 16 (Reuters) - Nickel touched a 10-week high onWednesday as falling stockpiles and a tightening of time spreadssuggested an undersupplied market.Benchmark nickel on the London Metal Exchange (LME)closed down 0.4 percent at $11,630 a tonne after reaching$11,770, its highest level since Nov. 8.The stainless steel ingredient is up around 10 perc...Read More
Tech company Micromine announced the launching of a new underground mining precision performance software that uses machine learning to refine loading and haulage processes. The program is part of the company's fleet management and mine control solution, Pitram, as was initially designed by a master's student at the University of Western Australia.In a press release, Micromine said that by using t...Read More
It's common knowledge that the third year of a presidential cycle has been bullishThe third year of a presidential cycle is well-known to be bullish for stocks. I'm not sure it's wise to expect anything typical from this administration, but below I'll be looking at the historical numbers. There are a few theories as to why the third year would be so good for stocks. Maybe investor confidence grows...Read More
Precipitate Gold (TSXV: PRG) and Everton Resources signed the final papers through which Precipitate acquired ownership of all of Everton's Dominican Republic exploration concessions, consisting of Pueblo Grande project, adjoining Barrick and Goldcorp's Pueblo Viejo gold-silver mine, and the Ponton project, located 30 kilometres east of Pueblo Grande."We are pleased to have completed our due dili...Read More
Precipitate Gold (TSXV: PRG) and Everton Resources signed the final papers through which Precipitate acquired ownership of all of Everton's Dominican Republic exploration concessions, consisting of Pueblo Grande project, adjoining Barrick and Goldcorp's Pueblo Viejo gold-silver mine, and the Ponton project, located 30 kilometres east of Pueblo Grande."We are pleased to have completed our due dili...Read More
Precipitate Gold (TSXV: PRG) and Everton Resources signed the final papers through which Precipitate acquired ownership of all of Everton's Dominican Republic exploration concessions, consisting of Pueblo Grande project, adjoining Barrick and Goldcorp's Pueblo Viejo gold-silver mine, and the Ponton project, located 30 kilometres east of Pueblo Grande."We are pleased to have completed our due dili...Read More
Precipitate Gold (TSXV: PRG) and Everton Resources signed the final papers through which Precipitate acquired ownership of all of Everton's Dominican Republic exploration concessions, consisting of Pueblo Grande project, adjoining Barrick and Goldcorp's Pueblo Viejo gold-silver mine, and the Ponton project, located 30 kilometres east of Pueblo Grande."We are pleased to have completed our due dili...Read More
* Cenbank keeps rates at 24 pct despite easing inflation * Investors widely expected back to hold * Some see rate cut coming in March (Adds analyst quotes, details and background)By Daren Butler and David DolanISTANBUL, Jan 16 (Reuters) - Turkey's central bank left itsbenchmark interest rate unchanged on Wednesday as expected,allaying investor fears that it could loosen policy afterinflation fell...Read More
* FTSE 100 down 0.5 pct; midcaps up 0.3 pct * Pearson falls 5.9 pct after FY forecast * Bovis Homes provides some cheer to homebuilders (Adds details, closing prices)By Josephine MasonLONDON, Jan 16 (Reuters) - Britain's blue chip stocks fellon Wednesday as a stronger pound lured investors toward cheapdomestic companies and away from exporters after Prime MinisterTheresa May's heavy Brexit defeat,...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) on Wednesday reported record gold production in 2018 of 953,504 ounces, a figure the company says was near the top end of the revised guidance of between 920,000 and 960,000 ounces.This is the 10th consecutive year the Vancouver-based miner achieves record annual production, with output this time climbing 51%, thanks to the contribution of its...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) on Wednesday reported record gold production in 2018 of 953,504 ounces, a figure the company says was near the top end of the revised guidance of between 920,000 and 960,000 ounces.This is the 10th consecutive year the Vancouver-based miner achieves record annual production, with output this time climbing 51%, thanks to the contribution of its...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) on Wednesday reported record gold production in 2018 of 953,504 ounces, a figure the company says was near the top end of the revised guidance of between 920,000 and 960,000 ounces.This is the 10th consecutive year the Vancouver-based miner achieves record annual production, with output this time climbing 51%, thanks to the contribution of its...Read More
Published 19 Hours AgoUpdated6 Hours AgoReuters Leonhard Foeger | ReutersPalladiumrose to a record high on Wednesday on increasing demand and lower supply of the metal used in autocatalysts, while gold gained on expectations of a pause in the U.S. Federal Reserve's rate hiking cycle.Palladium jumped to an all-time high of $1,358 an ounce, and was last up 2.73 percent at $1,354.George Gero, managi...Read More
The floodgates are about to open, and early investors stand to reap some major rewards.Everyone knows: It's the casino that NEVER LOSES.And for years, the gaming industry has been stuck in a legal limbo, with black market bookies and smoky underground clubs soaking up billions in potential profits.But the floodgates are about to open to the general public.A key law outlawing online gambling across...Read More
Automaker Ford has partnered up with IBM, South Korean battery maker LG Chem and China's largest cobalt producer Huayou Cobalt to test the first blockchain project to trace supplies of the metal from Democratic Republic of Congo (DRC).The pilot, overseen by multinational responsible-sourcing group RCS Global, seeks to help manufacturers ensure the cobalt they use is not linked to human rights abus...Read More
The 50- and 200-day MAs have produced a golden (bullish) crossover - a lagging/contrary indicator Dips, if any, could be short-lived, courtesy of China's stimulus pledge and Brexit uncertainty. Gold is currently trading at $1,290, having clocked a high and low of $1,295 and $1,287 yesterday, respectively. The daily chart shows a bullish (golden) crossover between the 50- and 200-day simple m...Read More
Newmont Mining Corp. will buy rival Goldcorp Inc. in a deal valued at $10 billion, creating the world's largest gold miner and cementing a return of M&A to the industry.Read full newsRead More