Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, said Tuesday is buying about $38 million in Midas Gold's (TSX-V:MAX) shares, in a deal that gives the Canadian giant an almost 20%-stake in the junior as well as access to the promising Stibnite Gold project, in Idaho, US."Midas Gold's Stibnite Gold project in Idaho offers a compelling investment proposition, with low geopo...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, said Tuesday is buying about $38 million in Midas Gold's (TSX-V:MAX) shares, in a deal that gives the Canadian giant an almost 20%-stake in the junior as well as access to the promising Stibnite Gold project, in Idaho, US."Midas Gold's Stibnite Gold project in Idaho offers a compelling investment proposition, with low geopo...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, said Tuesday is buying about $38 million in Midas Gold's (TSX-V:MAX) shares, in a deal that gives the Canadian giant an almost 20%-stake in the junior as well as access to the promising Stibnite Gold project, in Idaho, US."Midas Gold's Stibnite Gold project in Idaho offers a compelling investment proposition, with low geopo...Read More
Seabridge Gold (TSX:SEA) (NYSE:SA) announced today that winter drilling at its 100%-owned Courageous Lake Project has successfully identified two new gold zones, Olsen and Marsh Pond, with widths and grades suggesting they could make a contribution to project resources similar to the Walsh Lake Deposit discovered by Seabridge in 2012. This year's drill program also found two other target zones t...Read More
Seabridge Gold (TSX:SEA) (NYSE:SA) announced today that winter drilling at its 100%-owned Courageous Lake Project has successfully identified two new gold zones, Olsen and Marsh Pond, with widths and grades suggesting they could make a contribution to project resources similar to the Walsh Lake Deposit discovered by Seabridge in 2012. This year's drill program also found two other target zones t...Read More
The rising US dollar keeps gold under pressure. Yesterday's long-legged doji established 200-day MA as strong support. Gold (XAU/USD) is reporting a 0.30 percent decline in Asia as the greenback is solidly bid nears 4.5-month high. As of writing, the yellow metal is changing hands at $1,312/Oz and the dollar index, which tracks the value of the greenback against major currencies, is hovering...Read More
Whether you're an established or junior miner interested in expanding your mining portfolio, GoIndustry DoveBid S.A proudly presents the disposal of Lerala Diamond Mine. This mine is in liquidation and is being taken to public auction via GoIndustry's trusted online auction platform. Bidding opens on Thursday, 24 May 2018 and closes for final bids on Wednesday, 30 May 2018. The mine is situated i...Read More
SHANGHAI, May 9 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index broke the 93 level and registered a fresh four-month high of 93.29 overnight following the hawkish comments from the Federal Reserve Board chairman Jerome Powell. The US President Donald Trump’s announcement to withdraw the US from the Iran nuclear...Read More
SHANGHAI, May 9 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index broke the 93 level and registered a fresh four-month high of 93.29 overnight following the hawkish comments from the Federal Reserve Board chairman Jerome Powell. The US President Donald Trump’s announcement to withdraw the US from the Iran nuclear...Read More
SHANGHAI, May 9 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index broke the 93 level and registered a fresh four-month high of 93.29 overnight following the hawkish comments from the Federal Reserve Board chairman Jerome Powell. The US President Donald Trump’s announcement to withdraw the US from the Iran nuclear...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished slightly higher on Tuesday after closing with gains for three straight sessions. U.S. benchmark West Texas Intermediate crude oil declined by 2.4%, settling at $69.06 a barrel.Comcast Corp. (CMCSA) was down 5.5% on reports it was challenging Walt Disney Co.'s (DIS) deal for Fox...Read More
As their latest earnings reports often make clear, the growth prospects of many big-name tech companies aren't just tied to user growth or the launch of compelling new products and services, but the pricing power commanded by well-established existing businesses. Here's a look at the role pricing power is playing in lifting the top lines of several well-known tech companies. Apple Apple's (AAPL)...Read More
SHANGHAI, May 9 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index broke the 93 level and registered a fresh, four-month high of 93.29 overnight following hawkish comments from the Federal Reserve Board chairman Jerome Powell. US President Donald Trump’s announcement to withdraw the US from the Iran nuclear de...Read More
The latest news and price moves to start the Asian day on Wednesday May 9. Base metals prices on the London Metal Exchange ended mostly lower at the close of trading on Tuesday May 8, with aluminium and zinc bucking the trend. Read more in our live futures report.Brazil's primary aluminium export volumes increased by 82.7% year on year in April due to increased shipments from Norsk Hydro's Al...Read More
SHANGHAI, May 9 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index broke the 93 level and registered a fresh, four-month high of 93.29 overnight following hawkish comments from the Federal Reserve Board chairman Jerome Powell. US President Donald Trump’s announcement to withdraw the US from the Iran nuclear de...Read More
Investing.com - Gold prices edged lower on Tuesday as strength in the dollar continued to act as a headwind for the precious metal. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange dipped $1.90 or 0.14% to $1,312.20 a troy ounce by 04:31 AM ET (08:31 AM GMT).Last week prices fell to their lowest levels in two months and posted a third consecutive weekly decl...Read More
(Adds futures, company events)May 8 (Reuters) - Britain's FTSE futures FFIc1 were down 0.02 percent ahead of the cash market open on Tuesday.* TAKEDA-SHIRE: Takeda Pharma 4502.T agreed to buy London-listed Shire SHP.L for 46 billion pounds ($62.42 billion) on Tuesday after the Japanese company raised the amount of cash in its offer to $30.33 to secure a recommendation. WILLIAM HILL: British book...Read More
The latest news and price moves to start the Asian day on Wednesday May 9. Base metals prices on the London Metal Exchange ended mostly lower at the close of trading on Tuesday May 8, with aluminium and zinc bucking the trend. Read more in our live futures report.Brazil's primary aluminium export volumes increased by 82.7% year on year in April due to increased shipments from Norsk Hydro's Al...Read More
Gold is off to a quiet start to the week on contradictory macro forces.Speculators cut massively their net long positions over April 24-May 1, the CFTC shows.ETF investors sold gold last week for the first time in 5 weeks, FastMarkets estimate.Gold-bulls enjoyed 2 good macro news. But their actual impact was rather disappointing.I made a change in my trading positioning. Time to focus on BAR - the...Read More
GORO's stock price is at 52-week highs, but I believe that this still doesn't come close to fully valuing the company.After reviewing the company and its proven and probable reserves, I calculate a minimum value of $8.16 per share.I then explain why a much more realistic valuation, one which incorporates developments from 2018, is $13.50 per share.Since the time of my previous update stres...Read More