Twenty-three of 27 Philippine mines assessed by a government panel for compliance with state regulations, including environmental laws, have passed the review, an official said on Thursday.Confirming an earlier Reuters report, the Mining Industry Coordinating Council found that four mines did not meet the criteria set by the government.The panel reviewed the 27 mines in the world's No. 2 nickel or...Read More
Newmont Mining Corp. (NYSE: NEM) has sold Japan's Sumitomo Corp. a 5%-stake in its Yanacocha gold mine in Peru for $48 million, making the Asian trading house a partner in the business that also involves local miner Buenaventura.The US miner and Buenaventura's ownership interests in the mine, which was Peru's largest gold operation until output began falling in recent years, will be 51.35% and 43....Read More
Newmont Mining Corp. (NYSE: NEM) has sold Japan's Sumitomo Corp. a 5%-stake in its Yanacocha gold mine in Peru for $48 million, making the Asian trading house a partner in the business that also involves local miner Buenaventura.The US miner and Buenaventura's ownership interests in the mine, which was Peru's largest gold operation until output began falling in recent years, will be 51.35% and 43....Read More
Newmont Mining Corp. (NYSE: NEM) has sold Japan's Sumitomo Corp. a 5%-stake in its Yanacocha gold mine in Peru for $48 million, making the Asian trading house a partner in the business that also involves local miner Buenaventura.The US miner and Buenaventura's ownership interests in the mine, which was Peru's largest gold operation until output began falling in recent years, will be 51.35% and 43....Read More
Newmont Mining Corp. (NYSE: NEM) has sold Japan's Sumitomo Corp. a 5%-stake in its Yanacocha gold mine in Peru for $48 million, making the Asian trading house a partner in the business that also involves local miner Buenaventura.The US miner and Buenaventura's ownership interests in the mine, which was Peru's largest gold operation until output began falling in recent years, will be 51.35% and 43....Read More
Rockhaven Resources (TSX-V:RK) updated its mineral resources to 686,000 indicated and 507,000 inferred gold ounces at its Klaza project in central Yukon.Rockhaven says its updated mineral resource estimates incorporate results from approximately 13,300 m of in-fill and expansion diamond drilling completed subsequent to the 2015 mineral resource estimate, and utilizes results from recent metallurg...Read More
Rockhaven Resources (TSX-V:RK) updated its mineral resources to 686,000 indicated and 507,000 inferred gold ounces at its Klaza project in central Yukon.Rockhaven says its updated mineral resource estimates incorporate results from approximately 13,300 m of in-fill and expansion diamond drilling completed subsequent to the 2015 mineral resource estimate, and utilizes results from recent metallurg...Read More
Here Are 3 Hot Things to Know About Stocks Right Now General Electric Co. (GE) fell 0.3% on Wednesday after getting booted from the Dow Jones Industrial Average .The Dow declined again on Wednesday but the Nasdaq closed at a new record high. Walt Disney Co. (DIS) increased its bid for Twenty-First Century Fox Inc. (FOX) to $71.3 billion. Wall Street Overview St...Read More
The Wednesday Market Minute Global stocks rebound as Asia shares steady on PBOC support speculation.U.S-China trade tensions keep investors on edge, however, and safe-have flows active.Wall Street futures point to higher open; GE weakens on demotion from the Dow.Dollar holds at 11-month highs as pound, euro weaken amid slowing growth, political tensions.Oil bumps higher ahead of OPEC meeting, bu...Read More
The latest news and price moves to start the Asian day on Thursday June 21.Zinc prices on the London Metal Exchange settled at their lowest level in nine months at the close of trading on Wednesday June 20, while copper prices continued to edge lower on a surging United States dollar index. Read more in our live futures report.Here are how prices looked at the close of trading:The Europe...Read More
This week Bill King of the The King Report: http://thekingreport.com returns to the McAlvany Weekly Commentary to discuss how the "everything bubble" will pop. 10 years of an everything bubble - Is that over now? Fed Chair Powell not an academic & is worried about inflation. Fed has backed away from easy money, next the ECB, leaving only easy money Japan.Read More
After trading in a very tight range for an entire month, gold finally fell lower last week on the back of a stronger dollarContinue...Read More
SHANGHAI, Jun 21 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index climbed above 95 and closed at 95.12 on Wednesday. US treasury yields also rose slightly after Federal Reserve Board chairman Jerome Powell saidthat there was a "strong" case to continue raising interest rates.“Earlier in the expansi...Read More
New lows for 2018.A bearish time of the year for gold.Rate hikes could be bearish, and the dollar is weighing on gold.Gold in euros and yen is strong.Trade issues - Bullish or Bearish?Just like in 2016 and 2017, gold came out of the gate at the start of 2018 and moved to the upside. However, in 2016 and 2017, gold never looked back and the lows of the year occurred during the first trading session...Read More
The latest news and price moves to start the Asian day on Thursday June 21.Zinc prices on the London Metal Exchange settled at their lowest level in nine months at the close of trading on Wednesday June 20, while copper prices continued to edge lower on a surging United States dollar index. Read more in our live futures report.Here are how prices looked at the close of trading:The Europe...Read More
SHANGHAI, Jun 21 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index climbed above 95 and closed at 95.12 on Wednesday. US treasury yields also rose slightly after Federal Reserve Board chairman Jerome Powell saidthat there was a "strong" case to continue raising interest rates.“Earlier in the expansi...Read More
* Nasdaq posts record high close* Fed's Powell repeats case for gradual rate hikes* Dollar index steady, hovering near an 11-month peak (Updates with closing U.S. markets)By Caroline ValetkevitchNEW YORK, June 20 (Reuters) - Stocks on world markets edged higher on Wednesday, following a recent sell-off on rapidly escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Re...Read More
* U.S. stocks mostly up after trade war worry sell-off* Fed's Powell repeats case for gradual rate hikes* Euro stays lower against dollar after comments by ECB's Draghi (Updates with afternoon U.S. trading, adds oil price settlements)By Caroline ValetkevitchNEW YORK, June 20 (Reuters) - Stocks on world markets edged higher on Wednesday, recovering from a recent sell-off on rapidly escalating China...Read More
* U.S. stocks mostly up after trade war worry selloff* Fed's Powell repeats case for gradual rate hikes* Euro stays lower against dollar after comments by ECB's Draghi (Updates with late-morning U.S. markets activity, changes byline, dateline, previous LONDON)By Caroline ValetkevitchNEW YORK, June 20 (Reuters) - Stocks on world markets edged higher on Wednesday, recovering from a recent selloff on...Read More
Investing.com - Gold prices were steady at a six-month low on Wednesday, as the greenback rose and trade tensions waned.Comex gold futures for August delivery were down 0.20% to $1,276.10 a troy ounce as of 10:38 AM ET (14:38 GMT).Trade tensions between the U.S. and China eased but still remained on the back of investors minds, as the two largest economies in the world faced a tit-for-tat over tra...Read More