The differences between Eldorado and the government over the miner’s plans to produce gold and other metals in the northern Greek region of Halkidiki have dragged on for years, mainly over environmental regulations. “We hope that this matter can be resolved in an amicable manner without needing to go down the route of arbitration,” said […]
This week, fund managers headed for the exits at a pace not seen since December 2016 as they pulled $1.2 billion out of the precious metal, according to Michael Hartnett, BAML’s chief investment strategist. “Watch for DXY [US dollar index] break below 95.” It was down 0.4% to 95.28 on Friday.
Impala Platinum Holdings Ltd., which plans to cut about 13,000 jobs and close or sell shafts at its struggling Rustenburg mining complex, said its loss for the 12 months through June will be bigger than …
Both mining stocks have dropped sharply in recent months, but one is closer to resolving its biggest problem.
Find out how a key trend pushed one of these stocks lower.
The silver miner announced second-quarter 2018 earnings results.
A Canadian mining company can seize the shares of the owner of Citgo Petroleum Corp. to satisfy a $1.2 billion arbitration award over a Venezuelan gold mine. The ruling in favor of Crystallex International Corp. may prompt other Venezuelan creditors to scurry to file claims on Citgo. The company is one of the most attractive […]
Dominic Evans, Reuters bureau chief in Turkey, discusses what's happening on the ground in Turkey as the lira tumbles and President Trump threatens to double steel and aluminum tariffs on the country.
The silver and gold miner reported second-quarter 2018 earnings results.
The Turkish lira fell as much as 20% versus the dollar Friday after President Donald Trump said he would double the rates of tariffs on Turkish steel and aluminum. Turkish President Recep Tayyip Erdogan called on citizens to convert other currencies and gold into lira. Turkey’s currency plunged to fresh all-time lows against the dollar […]
Indonesia’s president has issued new tax regulations aimed at providing clarity for mining companies shifting their current contracts to special mining permits, in a move that could help cement a $3.9 billion deal with Freeport McMoran Inc. Freeport last month signed a heads of agreement to sell to the Indonesian government a majority stake in […]
Shale oil producer Continental Resources Inc said on Monday that it formed a subsidiary to manage mineral royalties with Franco-Nevada Corp, part of Continental’s plan to diversify revenue sources. Mineral rights are often less-risky investments than drilling wells, which can carry large operational, labor and environmental concerns. Continental, controlled by billionaire wildcatter Harold Hamm, will […]
The lustrous yellow metal may be down more than 10% since mid-April, but gold miners are sitting pretty.
Don't overlook these important statements from the social-media titan's senior leadership.
* Indonesian government will extend temporarily a special mining permit for Freeport McMoran’s local unit that is due to expire on July 31, Coal and Minerals Director General Bambang Gatot told reporters …
The gold miner announced second-quarter 2018 earnings and updated its full-year 2018 guidance.
The gold miner released impressive second-quarter 2018 earnings and production results.
Half the gold will be returned to the Russian government.
Gold prices tumbled as the White House announced a list of tariffs on China that totals $200 billion. The list of 10% tariffs on $200 billion in Chinese goods, as the president’s recent threats to escalate a broadening trade war with Beijing came to fruition. A break of the July lows at 1,238 would lead […]
Here are 3 reasons you should pay attention to this gold stock now.