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.
These gold stocks are getting darn cheap, but only one is worth a look.
Indonesia’s state-owned mining holding company PT Inalum is close to finalising a multi-billion-dollar deal to acquire a majority stake in the giant Grasberg copper mine, government officials said on Saturday. Situated in Indonesia’s eastern-most province of Papua, Grasberg, the world’s second-largest copper mine, is owned and operated by Freeport Indonesia (PTFI), a subsidiary of U.S.-based […]
Richard Harrison was the co-owner of the pawn shop featured on the show along with his son. In 1981, he and his son opened Gold & Silver Coin Shop in a 300 square foot shop at 1501 Las Vegas Boulevard. The business’s lease expired in 1988, followed by the creation of the World Famous Gold & […]
Chia-Lin Simmons is a seasoned veteran in Silicon Valley’s tech sphere, with more than 20 years of experience at tech giants like Google and Amazon’s Audible. Simmons is the founder of a new startup called LookyLoo, which will launch its first product later this year: an AI-powered social platform that helps women find the right […]
Traders in Tehran’s Grand Bazaar shut their stores to protest rising prices and the weakening of Iran’s currency, official news agencies reported, as Iranian officials took action to allay concerns that an economic crisis was looming. Retailers and gold sellers kept away from the bazaar to gather at main meeting places, according to the semi-official […]
President Donald Trump’s proposed “Space Force” could help fuel the $1 trillion intergalactic economy, Morgan Stanley says. If President Donald Trump successfully organizes his so-called Space Force, it could speed up investment in what Morgan Stanley sees as the next trillion-dollar economy. Morgan Stanley has already identified 20 stocks staking their place in the space […]
Gold markets broke down significantly during the trading session on Friday, as people start running towards US treasuries in the face of a potential trade war. It’s likely that we will continue to see a lot of volatility in this market, but what’s more telling is the fact that we have broken through a major […]