Recent News

Northam Platinum flags wider mid-year headline loss

February 09, 2018 / www.kitco.com

JOHANNESBURG, Feb 9 (Reuters) - South Africa's Northam Platinum Ltd said on Friday it expects a wider mid-year loss despite its Zondereinde and Booysendal mines achieving operating profits.It expects a headline loss per share of 77.6 to 90.5 cents for the six months which ended on Dec. 31 versus a loss of 64.7 cents a year earlier. "The anticipated loss is attributable to the Zambezi Platinum...Read More

De Beers' Namibia venture puts mine up for sale, at least 130 jobs to go

February 09, 2018 / www.mining.com

Namibia's top diamond producer, Namdeb, a 50/50 joint venture company between the country's government and De Beers it's selling its Elizabeth Bay mine in a move that will affect at least 130 of its 1,700 employees.The announcement comes three weeks after the company wrote to staff offering voluntary redundancies, saying the move sought to ensure the sustainability of Namdeb land-based operations....Read More

First Mining Announces Exploration and Infill Drilling Results for Its Goldlund Gold Project

February 09, 2018 / dlvr.it

VANCOUVER, B.C., Feb.08, 2018(GLOBE NEWSWIRE) -- First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF) (OTCQX:FFMGF) (Frankfurt:FMG) is ple...Read full newsRead More

Bitcoin Mining Is Potentially More Energy-Intensive Than Gold Mining

February 09, 2018 / dlvr.it

But Bitcoin could be so much more than digital gold.Read full newsRead More

Why Altria Group Could Be a Gold Mine for Income Investors

February 09, 2018 / dlvr.it

The U.S. tobacco giant has many ways to profit in the year ahead and beyond.Read full newsRead More

EPA administrator visits Nevada silver-gold mine

February 09, 2018 / dlvr.it

LOVELOCK - An agency that encourages stewardship over prohibition is the Environmental Protection Agency that Administrator Scott Pruitt represented to the Nevada mining industry on Feb. 5.Read full newsRead More

SMM Morning Comments (Feb 9)

February 09, 2018 / news.metal.com

SHANGHAI, Feb 9 (SMM) –Copper: Stock market slump, lower crude oil prices, and a surge in LME copper inventory gave shorts more confidence overnight. We expect LME copper to trade at $6,810-6,880/mt today and SHFE copper at 51,700-52,200 yuan/mt. Weak fundamentals may lead spot premiums lower to 30-40 yuan/mt today.Aluminium: We expect LME aluminium to trade rangebound at $2,158-2,193/mt wit...Read More

SMM Morning Comments (Feb 9)

February 09, 2018 / news.metal.com

SHANGHAI, Feb 9 (SMM) –Copper: Stock market slump, lower crude oil prices, and a surge in LME copper inventory gave shorts more confidence overnight. We expect LME copper to trade at $6,810-6,880/mt today and SHFE copper at 51,700-52,200 yuan/mt. Weak fundamentals may lead spot premiums lower to 30-40 yuan/mt today.Aluminium: We expect LME aluminium to trade rangebound at $2,158-2,193/mt wit...Read More

SMM Morning Comments (Feb 9)

February 09, 2018 / news.metal.com

SHANGHAI, Feb 9 (SMM) –Copper: Stock market slump, lower crude oil prices, and a surge in LME copper inventory gave shorts more confidence overnight. We expect LME copper to trade at $6,810-6,880/mt today and SHFE copper at 51,700-52,200 yuan/mt. Weak fundamentals may lead spot premiums lower to 30-40 yuan/mt today.Aluminium: We expect LME aluminium to trade rangebound at $2,158-2,193/mt wit...Read More

SRK's high-tech engineering chart way to better mining

February 09, 2018 / www.mining.com

09 February 2018 - Cape Town: The digital age holds out great opportunities for mining companies to reduce risk and improve safety and profitability; SRK Consulting (SA) chairman William Joughin gave delegates at the Investing in African Mining Indaba a taste of what is already being achieved.Speaking as part of the Indaba's Mining 2050 (Technology & Innovation) stream, Joughin highlighted the gro...Read More

All 955 miners freed from South African gold mine

February 09, 2018 / dlvr.it

All of the nearly 1000 miners trapped in the Sibanye-Stillwater's Beatrix gold mine in South Africa due to a power outage were brought back to the surface.Read full newsRead More

Gold Has Historically Stayed Muted During A Stock Market Crash - TheStreet

February 09, 2018 / www.thestreet.com

Total gold ETF holdings are at their highest level since May, 2013, and this could be due to a growing interest in commodities in general. Will Rhind, CEO of GraniteShares, told Kitco News that growing interest in gold is driven by two main factors: "weaker U.S. dollar, and more volatility and increasing fears of inflation in the market." Rhind compares gold's recent failure to rally in response...Read More

Dow Dives 1,032 Points as Volatility Spikes, Bond Yields Rise - TheStreet

February 09, 2018 / www.thestreet.com

Here are 3 Hot Things to Know About Stocks Right Now Sectors leading the sharp declines Thursday included industrials, financials and technology.The Dow finished lower for the fourth time in five days, and is down more than 2,700 points from its record high of 26,616.71 on Jan. 26.The Nasdaq finished lower for the ninth time in 11 sessions; the S&P 500 has fallen for the seventh time in the...Read More

Wall Street Lurches Lower as Yields Rise; Europe, China Weaken in Jittery Trade - TheStreet

February 09, 2018 / www.thestreet.com

Wall Street futures weakened again Thursday, as bond yields rose and the dollar strengthened, in a cautious session for global stocks that saw markets fall in Europe and Asia that suggests investors aren't quite ready to return to equities following three days of intense volatility that has rocked markets around the world. Contracts tied to the Dow Jones Industrial Average were marked 79 po...Read More

SMM Morning Comments (Feb 9)

February 09, 2018 / news.metal.com

SHANGHAI, Feb 9 (SMM) –Copper: Stock market slump, lower crude oil prices, and a surge in LME copper inventory gave shorts more confidence overnight. We expect LME copper to trade at $6,810-6,880/mt today and SHFE copper at 51,700-52,200 yuan/mt. Weak fundamentals may lead spot premiums lower to 30-40 yuan/mt today.Aluminium: We expect LME aluminium to trade rangebound at $2,158-2,193/mt wit...Read More

ASIAN MORNING BRIEF 09/02: Base metals mostly recover in LME trading; cobalt, lithium consumers prepaying for metal in expectation of strong EV sector demand; selenium prices jump due to tightness

February 09, 2018 / www.metalbulletin.com

The latest news and price moves to start the Asian day on Friday February 9.Base metals prices on the London Metal Exchange mostly recovered from early morning lows at the close on Thursday February 8, but copper prices remained downbeat. Read more in our live futures report.Here are how LME prices looked at Thursday's close:Consumers of cobalt and lithium are expecting strong demand from the...Read More

CryptoCann?,,? Capital Forum - New York

February 09, 2018 / www.proactiveinvestors.co.uk

Where are crypto cannabis CEOs investing their money?There's a rapidly emerging opportunity at the intersection of cryptocurrency and cannabis. At CryptoCann?,,? Capital Forum, CEOs of publicly traded crypto/cannabis companies discuss tangible and measurable investment opportunities in this innovative and stimulating business ecosystem. Proactive Investors is proud to bring together companies with...Read More

A Hero Returns to Wall Street

February 09, 2018 / dailyreckoning.com

He has risen from the grave... with a thirst for blood.The scourge of Washington, the fiend of Wall Street, this boogeyman's return has markets wriggling in exquisite torture...Rumors of his return were at least partly responsible for Monday's record 1,175 point bloodletting.His stomping footsteps were heard again yesterday afternoon... and stocks sold off violently.The footsteps grew louder today...Read More

CRYPTO ALERT: Relief is Ahead

February 09, 2018 / dailyreckoning.com

The crypto market took some massive hits this week, mirroring action we've seen in the stock market.On Tuesday 99% of the top 100 coins by market cap were in the red.Stories about banks cutting off services to companies and individuals who work with crypto, shutting down their bank accounts, turning off their crypto-loaded credit cards, shutting down their merchant accounts and even freezing their...Read More

FANG's $90 Billion Disaster

February 09, 2018 / dailyreckoning.com

The stock market has settled down after Monday's big drop.The Dow Jones Industrial Average finished Wednesday trading just in the red after a volatile start to the week. Meanwhile, the Nasdaq Composite was yesterday's biggest loser. The tech-heavy index slipped late in Wednesday's session to finish the day down almost 1%.We have a chance to take a step back and survey the damage now that stocks ha...Read More

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