Investors buoy gold price as central banks slow
Central-bank gold buying fell by more than half in July even as bullion stayed near record highs, suggesting investment demand is taking on a bigger role in supporting the market….
Stock Markets/Investing
Baowu eyes stake in BHP’s Jimblebar mine: Reuters
China Baowu Steel Group is exploring an investment in BHP’s (ASX, LSE, NYSE: BHP) Jimblebar iron ore operation in Western Australia, according to people familiar with the discussions cited by…
SW US CEO chat: Ivanhoe Electric maps $1B debt path for Arizona copper project
Ivanhoe Electric (NYSE-A, TSX: IE) CEO Taylor Melvin says the company aims to secure more than $1 billion in U.S.-backed debt as it starts early construction at its Santa Cruz…
Dutch slash New York gold in crisis shift
The Netherlands’ central bank has transferred 86 tonnes of gold from North America to London, cutting the share of its bullion held in New York to 19% from 31% as…
Strike to begin at Sibanye-Stillwater’s US operations
Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) faces a strike at its Stillwater East mine and Columbus metallurgical complex in Montana after more than four months of contract negotiations failed to produce…
Faraday drilling boosts Arizona copper cathode case
Faraday Copper (TSX: FDY; US-OTC: CPPKF) says drilling at its Copper Creek project in Arizona has expanded shallow oxide and sulphide mineralization, strengthening the case for future copper cathode production…
Gem Diamonds rebounds as big stones lift profit
Gem Diamonds (LSE: GEMD) swung back to profit in the first half of the year as stronger prices for large diamonds from the Letšeng mine in Lesotho and cost reductions…
Tungsten surge transforms Northcliff’s Sisson economics
Northcliff Resources’ (TSX: NCF; US-OTC: NCFFF) new feasibility study for the Sisson tungsten-molybdenum project in New Brunswick puts its post-tax value at more than four times the cost to build…
Podcast: Gold dealers face ‘credit crunch’, ft CPM Group’s Jeffrey Christian
This week’s episode features Jeffrey Christian, managing partner at CPM Group, in conversation with host Adrian Pocobelli on the broader macroeconomic factors affecting the gold market. Christian discusses the implications…
Editorial: The money is already here
Despite a sharp escalation in the Canada-U.S. trade dispute, global investors are already voting with their wallets ahead of Prime Minister Mark Carney’s Sept. 14-15 investment summit in Toronto. Total…
Sibanye OKs copper-gold projects on two continents
Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) has approved its Mt Lyell copper-gold project in Tasmania and Burnstone gold project in South Africa, advancing two long-life developments as stronger metals prices boost…
ACG starts copper concentrate output in Turkey
ACG Metals (LSE: ACG) produced the first copper concentrate from its Gediktepe mine in Turkey, marking its transition from precious metals as it targets full sulphide production by the end…