Canada's First Majestic Silver (NYSE:AG) (TSX:FR) has agreed to buy fellow miner Primero Mining (TSX:P) in a cash and stock deal valued at $320 million, including debt.With the acquisition, the Mexico-focused company gains access to Primero's flagship asset, the San Dimas silver-gold mine, located in what First Majestic defines as it "backyard", in the state of Durango.As a result of the trans...Read More
Canada's First Majestic Silver (NYSE:AG) (TSX:FR) has agreed to buy fellow miner Primero Mining (TSX:P) in a cash and stock deal valued at $320 million, including debt.With the acquisition, the Mexico-focused company gains access to Primero's flagship asset, the San Dimas silver-gold mine, located in what First Majestic defines as it "backyard", in the state of Durango.As a result of the trans...Read More
Higher oil prices both boon and curse for gold. Oil rally could boost inflation (good for gold), but Could also force central banks to quicken policy tightening (negative for gold). Brent oil hit $70 a barrel for the first time since December 2014. Will it have a positive impact on gold? As per textbook rules, oil price rally boosts inflation expectations, thus leading to higher demand for gold...Read More
To really understand what's helping push oil prices toward $70 a barrel, just follow the money.Read full newsRead More
Venezuela's crude oil sales tothe United States fell for a second month in a row in December,knocking the year's average to 593,047 barrels per day (bpd),the lowest annual level since 1991, according to Thomson Reuterstrade flows data.A severe production drop in the South American country hashurt its oil exports and domestic refining, and worsened aneconomic recession now entering into its fifth y...Read More
Oil prices eased on Friday after hitting their highest levels since December, 2014 the previous day.Read full newsRead More
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 10, 2018) - Note to editors: There are three photos associated with this press release. Lundin Gold Inc. (Read full newsRead More
The Sanchi, which was carrying 136,000 tonnes of light crude oil has been in flames since colliding with a bulk freighter, and 31 sailors remain missingRead full newsRead More
World oil markets are about to get a clearer idea of what Donald Trump's presidency means for one of the biggest crude exporters, Iran.Read full newsRead More
It's no secret that Russia has been stacking the shiny phyzz for years, and here's a glimpse showing exactly how they stack...Read full newsRead More
On the website of the Colorado-based Newmont mine, the top page reads in bold letters, "Culture of Zero Harm."Read full newsRead More
While the big car companies with their fancy technology concept cars get all the attention, there are hundreds of cool little items sprinkled throughout the almost 3 million square feet of Las Vegas ...Read full newsRead More
LONDON, UK / ACCESSWIRE / January 11, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Trevali Mining, Yamana Gold, ...Read full newsRead More
Anaconda Mining Inc:Read full newsRead More
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 10, 2018) - Note to editors: There are three photos associated with this press release. Lundin Gold Inc. (Read full newsRead More
Includes Toll-milling and Exploration Earn-in Options for Each at McCoy-Cove and Rye ProjectsTHUNDER BAY, ON, Jan. 10, 2018 /CNW/ - PREMIER GOLD MINES LIMIT...Read full newsRead More
Gold is up 6% since the Fed raised rates last month, despite net outflows in SPDR Gold Shares, (GLD), the world's largest exchange-traded fund, said Vince Lanci, founder of Echobay Partners. ETF investors were net sellers of 4.35 tonnes in December after leaving their holdings broadly unchanged in November (+0.75 tonnes) and October (-0.79 tonnes), Lanci explained. "GLD has reduced holdings, abou...Read More
U.S. filings for unemployment benefits unexpectedly rose to a three-month high last week during a holiday period when claims tend to be volatile, Labor Department figures showed Thursday.Highlights of Jobless Claims (Week Ended Jan. 6)Jobless claims increased by 11k to 261k (est. 245k), highest since week ended Sept. 23, when filings were elevated due to hurricanesContinuing claims fell by 35k to...Read More
The Dow Jones Industrial Average, S&P 500 and Nasdaq all scored new record closes on Thursday, Jan. 11, as Wall Street got a boost from some of its biggest industrial and energy names. The Dow jumped 205 points, or 0.81%. The blue-chip index was led by Chevron Corp. (CVX) , up 3%, General Electric Co. (GE) , which rose 0.5%, Caterpillar Inc. (CAT) , which gained 2%, and Boeing Co. (BA)...Read More
West Texas crude erases advance, natural gas ralliesTraders still shaken by concerns that sparked Wednesday drop"The notion that equities and yields can't rise together isn't accurate," says BlackRock's Russ Koesterich.U.S. stocks rebounded from the first retreat of the year to set fresh records, as resource producers and industrial shares rallied on optimism in the global economy. The dollar fell...Read More