Barrick Gold (TSX:ABX)(NYSE:GOLD) has enjoyed a nice rally since the middle of last year and investors are wondering if the bounce is the beginning of an extended recovery.Let’s take a look at the current situation in the gold market and try to decide whether this might a good time to add Barrick Gold to your portfolio.Global uncertaintyGold is widely viewed as a safe haven asset and cash of...Read More
Blockchain image from Pixabay. Glasgow-based start-up Hypervine, announced Monday the start of a project, co-funded by the European Space Agency (ESA), to develop services using space-based data to improve efficiencies for extractive industries.Hypervine, through its blockchain ledger, enablessatellite-sourced information to guarantee accuracy, so quarry companies gainbetter oversight of their...Read More
BHP's Escondida mine is the world's largest copper producer located in Northern Chile. (Image courtesy of BHP) BHP (NYSE, ASX, LON: BHP) the world's biggest miner, released results for the second half of 2019 on Monday, announcing an interim dividend for shareholders of 65 cents per share - its second-highest on record. The declared dividend is 10 cents higher than last year, but lower than th...Read More
Mine trucks at Newmont's Porcupine mines. (Image courtesy of Newmont Goldcorp | Flickr) Colorado-based gold miner Newmont (NYSE: NEM, TSX: NGT) has reported gold mineral reserves of 100.2 million attributable ounces for 2019, the largest ever in company history. This represents a 53% increase over the 65.4 million ounces recorded in 2018 following the completion of two major transactions and thr...Read More
Bob Moriarty ArchivesFeb 17, 2020There are a ton of tiny juniors out there who are taking advantage of a more favorable financing market to cash up and get cranking. One, with a tiny market cap of about $5 million at the time, contacted me a few weeks back with an interesting story. They wanted to advertise and were coming out with a private placement so I bought into it. The market quickly unders...Read More
While that is just 2% higher than the first half of 2019, the company said its underlying earnings were up 12% to A$28 million, while its available cash was up 24% to $25.5 million.Read More
Ahead of the president's state of the nation address (SONA) last week, the Minerals Council South Africa had renewed calls for action to address the economic crisis, power issues and "unprecedented deterioration" in the mining sector's security situation.Following SONA, it welcomed the president's plans to "change the trajectory of energy generation" and said there were two further announcements w...Read More
Here's something that proves the idea of just how stuck the shorts are...submitted by J. Johnson via JS MinesetGreat and Wonderful Monday Folks,Gold is starting the week off in the red with April Gold at $1,584.20, down $2.20 after hardly dipping down to $1,581.80, with the "hardly a high" at $1,586.80. Silver is aiming at the opposite direction, trading in the green with the March contract at $1...Read More
RAPAPORT... US retail sales could face growth challenges in February as supply chains are impacted by shutdowns at Chinese factories due to the coronavirus epidemic, the National Retail Federation (NRF) said.Imports of goods from the mainland will see a sharper-than-usual drop, with US retailers struggling to shift sourcing to other countries."February is historically a slow month for imports...Read More
RAPAPORT... Exhibitors at the IIJS Signature show in Mumbai expressed confidence India's strong wedding tradition and enduring love of gold would help the nation's jewelry industry overcome its current challenges.Economic uncertainty, high gold prices, tight regulation and the outbreak of the coronavirus in China have created difficulties for the Indian jewelry sector, traders told Rapaport News d...Read More
RAPAPORT... Shares in Petra Diamonds slipped 16% in early trading Monday after the miner reported a net loss for the first fiscal half, and warned of operational problems that could affect annual production.The company reported a net loss of $10 million for the period ending December 31, an improvement on its $57.9 million loss the year before. The loss was due to a decline in rough-diamond p...Read More
(IDEX Online) - Indian manufacturer and exporter Star Rays has pledged to become the country's first carbon-neutral diamond company.It will encourage staff to save energy, cut down on single-use plastics and use public transport to get to and from work.The firm, a De Beers Sightholder, says it's working with consultants Carbon Expert to implement processes and best practices.Emissions an...Read More
(IDEX Online) - Petra Diamonds blamed a weak market for its $10 million loss in the six months to December 2019.The firm saw its revenue down 6 percent to US$193.9 million (compared with H1 FY 2019: US$207.1 million) due to a decline in rough diamond prices, despite increased production at its mines in South Africa and Tanzania.It reported a net loss after tax of $10 million, compared with a...Read More
(IDEX Online) - Retail sales in January increased 0.2 percent seasonally adjusted over December and were up 2.7 percent unadjusted year-over-year, according to the National Retail Federation. During the month, online and other non-store sales were up 7 percent year-over-year and up 0.3 percent month-over-month seasonally adjusted."The strength of consumer spending continues to be the anchor o...Read More
Chinas race to contain the coronavirus (2019-nCov), combined with its financial stimulus, are providing the markets with more than enough hope, with risk-on being seen across most of the metals and many equity indices, especially in western markets, this morning, Monday February 17. But this apparent confidence is likely to be fragile as there is still much uncertainty surrounding the virus...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resources"This is the coiled spring in mining," it said, indicating it believes the copper price will move significantly higher as a result.Read More
With the continuing shift to renewable energy sources and lower carbon emissions, global demand for copper is rising. Some analysts predict that demand could increase by as much as 43% over the next 15 years.But there are concerns about the sector, with sizeable deficits forecast as existing mines face reduced capacity and slowing production. For instance, producers in Chile and Peru - the two mai...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaOf those events, it is only the departure of Glasenberg that is a certainty, but for one of the world's biggest mining and commodity-trading...Read More
Antonio Gonz??lez Rivera y R?-o, escritor, habla en entrevista sobre el lanzamiento de su libro 'Hitler mi padre'.17 de febrero de 2020. COMENTA ESTE VIDEO Y COMPARTELO CON TUS AMIGOSPara m??s informaci??n entra: http://www.youtube.com/excelsiortvNo olvides dejarnos tus comentarios y visitarnos enFacebook: https://www.facebook.com/ExcelsiorMexTwitter: https://twitter.com/Excelsior_MexSuscr?-bete a...Read More
Mariana Benitez habla sobre la ola de feminicidios en M?(C)xico y la falta de respuesta de las autoridades.17 de febrero de 2020. COMENTA ESTE VIDEO Y COMPARTELO CON TUS AMIGOSPara m??s informaci??n entra: http://www.youtube.com/excelsiortvNo olvides dejarnos tus comentarios y visitarnos enFacebook: https://www.facebook.com/ExcelsiorMexTwitter: https://twitter.com/Excelsior_MexSuscr?-bete a nuestr...Read More