OPEC’s decision not to cut production sent U.S. oil prices down 10% to US$66.15 per barrel on Nov. 28, the biggest one-day drop in five years. Lower oil prices usally translate to lower inflation rates, crimping investment demand for…
One of the more bizarre political initiatives initiated by gold bugs went down in flames on Nov. 30, with 77% of Swiss voters rejecting a plan to force the Swiss National Bank (SNB) to buy 55 million oz. gold to keep in reserve.
As the daylight hours shorten and winter chill takes hold of the iron ore mines and surrounding communities in the Labrador Trough, it’s as good a symbol as any of the deep freeze that is engulfing the global iron ore market, as spot…
The worst of the current downturn may be over, PwC argues in its eighth annual Junior Mine Report in late October. Looking at the top-100 TSX Venture-listed juniors by market capitalization, PwC has found that while the junior sector is still…
Given the plunge in silver and gold prices, Raymond James analysts are urging investors to stick with quality names, in terms of assets, balance sheets and management.
An encouraging feature of today’s mineral industry is that it’s not bad news across the board, as a few subsectors — such as diamonds and nickel — have seen strong price increases and renewed investor interest this year.
Horizon Conveyor to supply new UK mine
Spot pricesCourtesy of ScotiabankTuesday, November 4, 2014Precious MetalsPrice…
The current iron ore market “looks like a game of chicken where no player has blinked,” says the Hong Kong and Shanghai Banking Corp.
The share prices of major gold producers plunged to multi-year lows following actions of the central banks in the U.S. and Japan that pushed down the gold price and clouded producers’ third-quarter results.
It’s been another grim day for precious metal enthusiasts as we go to press, with gold prices sinking to US$1,144 an oz., silver at US$15.45 an oz., platinum at US$1,208 an oz. and palladium plumbing US$756 an oz.
Lukas Lundin is bullish on diamonds. The famed mining mogul and chairman of Lucara Diamond (TSX: LUC) sees rising demand and a lack of new discoveries as underpinning the healthy…
By continuing to browse you agree to our use of cookies. To learn more, click more information
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.