Coeur Mining shares rise on strong operating metrics at Rochester
Coeur Mining’s shares rose on Thursday after the company reported positive operating metrics for the expanded Rochester silver-gold mine in Nevada, keeping it on track to achieve its ore placement and production targets in the second half.
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Visit: 64
China nickel tycoon seeks growth in US energy storage market
Chinese billionaire Xiang Guangda’s battery company is hunting for more US investment opportunities despite mounting geopolitical tension between the world’s economic juggernauts.
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Visit: 46
China’s central bank pauses gold purchases for a fourth month in August
China’s central bank held back on buying gold for its reserves for a fourth straight month in August, official data showed on Saturday.
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Visit: 41
Westgold and Yancoal to join ASX 200 index
Westgold Resources and Yancoal are set to be included in the S&P/ASX 200 index, taking effect prior to the open of trading on September 23.
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Visit: 65
Carnaby celebrates ‘significant’ copper-gold results
Carnaby Resources is celebrating assay results from drill holes at its Mohawk copper-gold discovery within the Greater Duchess copper-gold project in Mount Isa, Queensland.
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Visit: 68
Bellevue ramp-up reaches golden milestone
Bellevue Gold has taken the next step in its plan to ramp up gold production to 250,000 ounces per year at its namesake project in Western Australia.
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Visit: 61
China’s central bank pauses gold purchases for a fourth month in August
China’s central bank held back on buying gold for its reserves for a fourth straight month in August, official data showed on Saturday.
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Visit: 46
Iron ore price sinks as steel group warns of ‘flash in a pan’ recovery
Iron ore slumped to its lowest level since 2022 and traded near $90 a ton as China’s main steel industry group advised mills to be cautious in boosting output too quickly to avoid snuffing out a post-summer recovery.
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Visit: 62
Yukon gold mine disaster sparks fears of soaring taxpayer bill
The sudden collapse of Victoria Gold Corp.’s Eagle Mine — and with it, the company — is part of a long and ugly history in northern Canada.
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Visit: 47
LME seeks to boost electronic trading, reassure physical users
The London Metal Exchange floor (Image: HM Treasury – Flickr)
The London Metal Exchange unveiled a set of proposed measures on Wednesday to boost electronic trading while also seeking to balance recurring tension between traditional users that trade physical metal and the financial community which prefers screen deals.
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Visit: 51
Russia launches major zinc concentrate plant after delays linked to fire, US sanctions
Russia’s new Ozernoye plant, located next to its largest zinc mine, launched zinc concentrate production on Wednesday, the company said, after delays caused by a fire last year as well as US sanctions.
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Visit: 62
Argentina ships gold bars abroad to be financially certified
Argentina’s central bank sent part of its gold reserves abroad in recent weeks to be validated for financial use, a move that could give the country some much-needed flexibility, according to people with direct knowledge of the matter.
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Visit: 40
Goldman cuts copper price forecast by $5,000 as bullish bet closed
Goldman Sachs Group Inc. exited a long-term bullish position on copper and slashed its price forecast for 2025 by almost $5,000, citing shrinking demand in China.
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India to discuss surging precious metals imports with UAE
India is seeking to renegotiate its trade deal with the United Arab Emirates after a surge in precious metals imports from the Middle Eastern nation that has sparked concerns some traders have been exploiting tax loopholes.
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Visit: 51
Iron ore’s ‘irrational’ rally past $100 triggers warning from Chinese media
Iron ore has jumped by about 10% in 10 days to breach $100 a ton, prompting the official journal of China’s metals industry to pen a long article on why the gains are overdone.
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Ghana to launch ‘monster mines’ to boost gold production
Africa’s top gold producer Ghana will commission its first large-scale greenfield mine in more than a decade in November, with expected annual production of more than 350,000 ounces, the head of its mining sector regulator told Reuters.
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Visit: 66
LME open-outcry trade lives on as SocGen quit sparks no rush for exits
The future of ring trading on the London Metal Exchange looks assured for now after almost all the firms involved told Reuters they remained committed to open-outcry trading at one of the last venues to still support it.
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Visit: 86
Endeavour settles African gold mine dispute with buyer Lilium
Endeavour Mining Plc and Lilium Mining settled legal proceedings over the sale of two African gold mines, with the assets to be transferred to the Burkina Faso government.
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Visit: 462
Polyus’ H1 profit jumps on higher global prices
Russia’s largest gold miner Polyus on Tuesday posted a 183% jump in first-half profit to $1.58 billion despite Western sanctions, boosted by higher global prices for gold that hit successive record highs this year.
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Visit: 39
Polyus’ H1 profit jumps on higher global prices
Russia’s largest gold miner Polyus on Tuesday posted a 183% jump in first-half profit to $1.58 billion despite Western sanctions, boosted by higher global prices for gold that hit successive record highs this year.
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Visit: 53
Gold bulls delight in Jackson Hole as Powell juices price rally
Gold’s record-setting rally above $2,500 an ounce looks to have further to run as the Federal Reserve prepares to chop rates, traditional drivers such as lower yields return, and Western investors pile back in.
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Visit: 40
China’s gold demand expected to rebound as economic jitters spur buying
Gold demand in China is expected to improve in coming months as consumers adjust to higher prices, industry officials said, with economic uncertainty and concerns about currency weakness driving investment flows.
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Visit: 48
Peru’s gold exports to India set to hit record high, says official
Peru’s gold exports to India are set to jump 36% from a year ago to a record $3 billion in 2024, driven by rising demand from the world’s second-biggest consumer, a senior government official said on Friday.
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Visit: 55
Hedge funds boost bullish wagers on gold to four-year high
Money managers’ bullish wagers on gold jumped to the highest in more than four years on expectations for earlier, deeper monetary easing by the Federal Reserve to bolster the economy.
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Visit: 51
Mali’s gold reserves fall to 731 tonnes
Mali’s gold reserves fell 17% between 2022 and 2024 to 731 metric tons, statistical data from the mines ministry showed on Wednesday.
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Visit: 43