Shares in base metals producer Nevsun Resources (TSX, NYSEMKT:NSU) skyrocketed on Tuesday after the company's board unanimously rejected a Cdn$1.5-billion (about $1.2bn) unsolicited bid from fellow Canadian miners Lundin Mining and Euro Sun Mining.The suitors had disclosed late on Monday the takeover offer for Vancouver-based Nevsun, noting their disappointment for not having been able to reach a...Read More
On CNBC's "Fast Money Final Trade", Tim Seymour said Amgen, Inc. AMGN, +0.68% is very cheap. He's a buyer of the stock. Brian Kelly wants to buy SPDR Gold Shares GLD, -0.21% Dan Nathan thinks NVIDIA Corporation NVDA, +2.15% is going down. He would take a short position in Market Vectors Semiconductor ETF SMH, +1.42% Guy Adami is a buyer of Halliburton Company HAL, +1.60% (C) 2018 Benzin...Read More
* Market awaits Trump decision on Iran nuclear deal * Spot gold may revisit May 1 low of $1,301.51/oz -technicals (Updates prices, headline; adds comment, second byline, NEWYORK to dateline)By Renita D. Young and Maytaal AngelNEW YORK/LONDON, May 8 (Reuters) - Gold prices were flatfollowing a brief increase on Tuesday after the U.S. dollarbacked down from a new 2018 high as worries hovered that th...Read More
A legal case to dissolve a Glencore mining subsidiary in the Democratic Republic of Congo has been suspended pending a decision by the Supreme Court, the mining giant said on Tuesday. Congo's state miner Gecamines is seeking to dissolve Kamoto Copper Company (KCC), blaming Glencore for high debts that have weighed on the mine for more than 10 years.The temporary suspension comes after the Supreme...Read More
A legal case to dissolve a Glencore mining subsidiary in the Democratic Republic of Congo has been suspended pending a decision by the Supreme Court, the mining giant said on Tuesday. Congo's state miner Gecamines is seeking to dissolve Kamoto Copper Company (KCC), blaming Glencore for high debts that have weighed on the mine for more than 10 years.The temporary suspension comes after the Supreme...Read More
Protesters in Ethiopia's restive Oromia region demanded the government withdraw a gold-mining permit from a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution.Read full newsRead More
Bitmain's Newest ASIC Can Mine Bitcoin Gold, ZcashRead full newsRead More
Seven miners were killed at Sibanye-Stillwater's Masakhane mine while six others are recovering in hospital after being trapped underground for two days, the company said on Saturday.Read full newsRead More
Gold recovery stalls, begins to reverse as Dollar resumes showing some bullish potential. The 200-day SMA is becoming a key support for Gold prices. Gold is retreating back into recent lows near 1,310.00 as the US Dollar begins to resume its upward march. SPOT GOLD – recovery attempts face strong headwinds Gold prices managed to bounce from major support at the 200-day SMA after declining...Read More
Seven miners were killed at Sibanye-Stillwater's Masakhane mine while six others are recovering in hospital after being trapped underground for two days, the company said on Saturday.Read full newsRead More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) took a hit on Wednesday after the company announced it had found a blockage in the pipeline that carries copper concentrates from the Los Pelambres processing plant to nearby ports.The company said it would take up to three months for stocks to return to normal, which will affect both projected output and sales in the six months ending June 30...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) took a hit on Wednesday after the company announced it had found a blockage in the pipeline that carries copper concentrates from the Los Pelambres processing plant to nearby ports.The company said it would take up to three months for stocks to return to normal, which will affect both projected output and sales in the six months ending June 30...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) took a hit on Wednesday after the company announced it had found a blockage in the pipeline that carries copper concentrates from the Los Pelambres processing plant to nearby ports.The company said it would take up to three months for stocks to return to normal, which will affect both projected output and sales in the six months ending June 30...Read More
Canada-listed Fura Gems (TSX-V:FUR), a new gemstone mining and marketing company headed by the former COO of Gemfields (LON:GEM), has found a 25.97-carat rough emerald at its Coscuez emerald mine in Colombia.The company, which began operations a year ago, says the gemstone is a "rare and exceptional" one, given its size, colour saturation and clarity.The 25.97-carat gemstone has been named the "?,...Read More
Canada-listed Fura Gems (TSX-V:FUR), a new gemstone mining and marketing company headed by the former COO of Gemfields (LON:GEM), has found a 25.97-carat rough emerald at its Coscuez emerald mine in Colombia.The company, which began operations a year ago, says the gemstone is a "rare and exceptional" one, given its size, colour saturation and clarity.The 25.97-carat gemstone has been named the "?,...Read More
SHANGHAI, May 8 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index climbed up towards 93 overnight, hitting a fresh high this year as the market maintained an upbeat outlook on the US economy and anticipated the Federal Reserve Board’s interest rate hikes. It closed at 92.76, up 0.22%.Most SHFE metals fell with nic...Read More
SHANGHAI, May 8 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index climbed up towards 93 overnight, hitting a fresh high this year as the market maintained an upbeat outlook on the US economy and anticipated the Federal Reserve Board’s interest rate hikes. It closed at 92.76, up 0.22%.Most SHFE metals fell with nic...Read More
SHANGHAI, May 8 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index climbed up towards 93 overnight, hitting a fresh high this year as the market maintained an upbeat outlook on the US economy and anticipated the Federal Reserve Board’s interest rate hikes. It closed at 92.76, up 0.22%.Most SHFE metals fell with nic...Read More
In a year so far marked by volatility and uncertainty among some of the old stalwarts of Wall Street, is now the time to consider alternative investments including weed, cryptocurrencies and even gold? According to a panel of experts at TheStreet's Investor Boot Camp conference over the weekend, the answer could very well be yes. Here's what to know. Cannabis: Big Companies May Try to Trick You...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Oil prices in the U.S. rose 1.5% on Monday, settling at $70.73. That was the first time crude oil has settled above $70 since 2014.The Dow Jones Industrial Average traded up more than 170 points at one point during Monday's session. The Dow closed up 94 points.Apple Inc. (AAPL) rose 0.72% to $185.16 on Monday; the...Read More