Sterling’s identity crisis
Silver is caught between its industrial usage and its monetary reputation, as surging demand from solar panels and electronics tightens physical supply while investors continue to treat it as a…
Europe
Oil boosts risk of gold miner cost revisions: Jefferies
Elevated gold prices won’t be enough to help miners offset cost increases of as much as 9% if oil prices remain at current levels through the second half of 2026,…
Poland, China lead renewed central bank gold buying
Central banks resumed net gold buying in April, bolstering their view of the yellow metal as a strategic reserve asset, the World Gold Council (WGC) said in a report this…
Russia says it mined enough gold to beat China
Moscow’s first mining estimate since 2022 raises questions as industry experts struggle to reconcile the figures.
DPM makes gold-copper discovery near Bulgaria mine
Canadian producer DPM Metals (TSX, ASX: DPM) said new drilling at its Brevene South Porphyry (BSP) site in Bulgaria yielded a major gold-copper discovery about 1 km from the Chelopech underground…
Aluminum prices hit 4-year high on Hormuz supply woes
Aluminum prices surged to their highest level in more than four years on Tuesday, hitting $3,707.50 per ton, as a collapse in negotiations between the United States and Iran raised…
Gold overtakes US Treasuries in global reserve shift: ECB
The ECB reports that central banks’ gold buying and rising prices have outpaced US Treasuries in global reserves.
Hormuz shock drives coal to 14-year high
Coal investment will reach $180 billion (C$250 billion) this year, up 4% from last year and the highest since 2012, as the Middle East conflict pushes Asian countries to produce…
Barrick weighs UK listing for African assets in $30B tie-up with Endeavour
Barrick Mining (TSX: ABX) (NYSE: B) is said to be weighing up a London listing for its African business, a move that may involve merging with Endeavour Mining (LON, TSX: EDV), Reuters…
How to dodge the Iran war
Soaring fuel and chemicals prices triggered by the war in the Middle East are pushing global miners to dig deep for creative solutions. Take the case of Marimaca Copper (TSX: MARI; ASX: MC2), which…
Glencore, Gentile back historical Irish region project sporting 3.3% zinc, 10% lead
New drilling by Glencore-backed (LSE: GLEN) Group Eleven Resources (TSXV: ZNG; US-OTC: GRLVF) at the PG West project in Ireland has expanded the property’s high-grade zinc-lead-silver mineralization, the company said….
Petra Diamonds sidelines Finsch mine, cuts jobs
Petra Diamonds (LSE: PDL) is placing its Finsch mine into business rescue and cutting jobs across its South African operations as collapsing diamond prices and a strong rand threaten the…