A Happy New Year for Metals

By Jeffrey Lewis, GoldSeek In welcoming 2010, the stars could not be better aligned for precious metal investors. Stimulus spending, coupled with a low federal funds rate and a new jobs program, should put plenty of money in the hands of precious metals holders. Stimulus and Silver 2009 was just the beginning for federal stimulus programs.  Although [...]

Gold, Silver, Metal Prices: Commentary – 10/30/2009

GDP: Great Day to Play Good Day, Friday’s market sessions in precious metals started off on a tamer note, following the best gains in gold in three weeks. Explanations follow. The recapture of the $1045 area is noteworthy, although analysts we polled during the wee hours overseas are trying to define the move as everything [...]

Gold, Silver and US Stocks Rally

Gold and other precious metals spiked Thursday, as did crude oil and US stocks following a report by the Commerce Department saying the economy expanded at a 3.5 percent annualized pace in the third quarter. Gold’s rise broke a losing streak that had extended to five days. The Dow and S&P enjoyed their best one-day [...]

Gindalbie receives final regulatory approval for Karara iron-ore development

ASX-listed iron-ore producer Gindalbie Metals has received its final environmental approval for the development of its Karara iron-ore project, in Western Australia. The decision by the Federal Government’s Department of Environment, which followed the announcement of state environmental approval on September 9, represented the final regulatory approval required for on-site construction and development work at [...]

Uranium Resources plans to buy out Tanzania JV partners

Aim-listed uranium exploration company Uranium Resources plans to raise £1,6-million by December to fund a proposed A$2,9-million cash-and-share deal to acquire its Tanzanian uranium projects joint-venture partners. It would acquire the share capital of WML Uranium Holdings and Western Metals Tanzania, which were subsidiaries of the Indago Group, for A$2,5-million in cash and A$400 000 [...]

Impressive new platinum group resource figures from Duluth

The Duluth complex in Minnesota, U.S. hosts one of the world’s great polymetallic metals deposits and one of the key players is Canadian junior, Duluth Metals, which has just announced updated precious metals resource figures. Read more….

Gold Continues Decline for Day Five, Stocks Tumble

Gold ended slightly lower Wednesday, marking the fifth consecutive day the yellow metal has declined. Again cited as the catalyst for the loses was a rallying US dollar. Silver and platinum also fell, as did crude oil which plunged 2.6 percent. US stocks followed along, with the three major indexes tumbling between 1.2 percent and [...]

Gold Drops for Fourth Day, Silver Plunges, Stocks Mixed

New York gold futures ended lower Tuesday for the fourth straight day as the US dollar advanced on news of a decline in consumer confidence. Silver was hit exceptionally hard for the second straight day, falling more than 3 percent. Platinum declined as well. In other markets, crude oil finished 1 percent higher and US [...]

Vedanta unit Sesa Goa under fraud investigation

India’s Sesa Goa, a $5-billion unit of London-listed metals group Vedanta Resources, is being investigated by the Indian government for financial and other irregularities. India’s largest iron-ore exporter said on Thursday it and its unlisted Sesa Industries (SIL) subsidiary were under investigation by the Serious Fraud Investigation Office (SFIO), and the probe had to be [...]

Aquarius posts $9,5m profit, output drops sharply

Midtier platinum-miner Aquarius Platinum posted a net profit in the September quarter, despite production falling by almost 25% as a result of industrial action and mine closures. The company, which owns mines in South Africa and Zimbabwe, boosted first-quarter profit to $9,5-million, from a loss of $21,5-million a year earlier, when sales adjustments caused by [...]

Next Page »