BAKU, Feb 6 (Reuters) - Azerbaijan's top gold producer, Anglo Asian Mining , forecast its gold output would be 64,000-70,000 ounces in 2018, up from 59,617 ounces produced last year, the company said on Tuesday.The London-listed firm said it expects its total metal production to rise to 78,000-84,000 gold equivalent ounces (GEO) in 2018, up from 71,461 ounces last year.The company's gold productio...Read More

Chile's economy is poised to improve by mid-year as rebounding copper prices and President-elect Sebastian Pinera's promise of business-friendly policies increase optimism among investors, according to a central bank survey released on Tuesday.The study, which surveyed the perceptions of more than 200 business owners and managers throughout Chile, found that many of those interviewed had launched...Read More

955 workers were trapped in a mine shaft by a power cut on WednesdayRead full newsRead More

Swedish equipment and tool manufacturer Sandvik Mining (STO:SAND) is investing 200 million Swedish crowns (about $25 million) in a new titanium and nickel metal powder plant to strengthen its position in the metal 3D printing market.3D printing, also known as additive manufacturing, is a process of making three-dimensional solid objects from a digital file. The technique, already popular in aeros...Read More

Risk aversion seems to have put a bid under gold. 10-year treasury yield drops below 2.7 percent. The risk-off tone in the equities is boding well for the safe haven yellow metal. Currently, gold (XAU/USD) is up 0.80 percent at $1347 levels, having hit a high of $1348.10 and low of $1338.70. Asian equities are feeling the heat of the 1000-point drop in the Dow index. Further, the risk aversion i...Read More

Diamond market sentiment improved in January, with firm prices after retailers reported a better-than-expected holiday season. Suppliers are gaining confidence about first-quarter orders as jewelers start to replenish stock after holiday sales.The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds rose 2.2% during January. RAPI for 0.30-carat diamonds increased 2.3%, while 0.50-carat stones gain...Read More

The Queen of Sheba was rightRead full newsRead More

* Gecamines wants renegotiations to start in second quarterRead full newsRead More

VANCOUVER, British Columbia, Feb.05, 2018(GLOBE NEWSWIRE) -- First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF) (OTCQX:FFMGF) (Frankfur...Read full newsRead More

These companies glittered more brightly than their peers.Read full newsRead More

These companies glittered more brightly than their peers.Read full newsRead More

Stocks tanked on Monday, Feb. 5, following a selloff last week that led Wall Street to its worst weekly performance in two years on Friday, Feb. 2. The Dow Jones Industrial Average dropped 1,175 points, or 4.6%, in its largest single-day point drop ever. The S&P 500 declined 4.1% . The Nasdaq tumbled 3.8%. The tech-heavy Nasdaq had traded in the green earlier Monday. The Dow dropped by...Read More

Jerome Powell starts his tenure as chairman of the U.S. Federal Reserve this week amid one of the biggest routs for domestic stocks in at least two years and increasing concern that he'll need to act more aggressively than his predecessor to tame inflation pressures in the world's biggest economy.  It's likely to be a raucous first week for Powell, a former Fed Governor and Wall Street vete...Read More

In the next downturn (which may have started last week, yee-haw), the world's central banks will face a bit of poetic justice: To keep their previous policy mistakesContinue...Read More

Global stocks extended their slide into a second week Monday, with markets in Japan recording the biggest single-day decline in more than fifteen months and U.S. equity futures looking at another round of opening bell losses as investors dump shares in the face of rising bond yields fed by faster inflation.  On Wall Street, the Dow Jones Industrial Average is lookin...Read More

The latest news and price moves to start the Asian day on Tuesday February 6.Base metals prices on the London Metal Exchange were mostly higher at the 5pm close on Monday February 5, although lead again bucked the trend. Read more in our live futures report.Here are how LME prices looked at Monday's close:Peru's copper production grew nearly 4% in 2017 thanks to higher output at the MMG's Las Bamb...Read More

During her last news conference in December, Janet Yellen stood firm on her record stating, "The global economy is doing well. We're in a synchronized expansion. This is the first time in many years that we've seen this."While attempting to lock in her record, Yellen urged, "There's less to lose sleep about now than has been true for quite some time."Well, a lot of people lost sleep these past few...Read More

We hope Mr. Jerome Hayden Powell enjoyed his first day on the job…After the Dow plunged an ominous 666 points Friday - and over 1,000 for the week - the Dow ended today 1,175 points lower.It was down 1,500 at one point.The S&P also plunged 113 crimson points today.The Nasdaq, 273.For these past boozy years investors have "bought the dip" after every substantial sell-off.Today... they did...Read More

It's been a rough ride recently for crypto traders.As of this morning, 49 out the largest 50 cryptocurrencies by market cap were in the red over the past 24 hours, according to Coinmarketcap.com.The No. 1 crypto, bitcoin, has dropped over 60% since its meteoric rise to $19,343 in mid-December.As I write, the coin is sitting at $7,360.Fast action, speculation and the dream of striking it rich spurr...Read More

“It's not real money!”My coach was now yelling over the sound of the wind through my helmet and our bike wheels humming on the road...“Can you buy Dunkin Donuts with Bitcoin? How about a new tire for your bike? If you can't buy stuff with it, it's not real money!”For the last two weeks, our triathlon team has had a spirited debate over Bitcoin and whether it's a fad or here...Read More