PGM

Calling Another Bottom in Gold and Silver Stocks Sector

The last time I called an important bottom in the precious metals sector was on December 29, 2011 (). Well, it's time for another important bottom. I believe the late December lows in the precious metals (PM) sector were THE lows for the metals, for th…

Stillwater Mining plans US$487.1 million acquisition of Peregrine Metals

Stillwater Mining, the only platinum and palladium producer in the U.S., announced on Monday that it will acquire Peregrine Metals for US$487.1 million.

Peregrine Metals is a publicly-traded exploration and development company with gold and copper projects in Argentina and Peru. The company is listed on the Toronto Stock Exchange.

Shares of Platinum Underwriters Holdings Under Pressure, Down 1.2 pct (PTP)

(SmarTrend(R) Market Surveillance via COMTEX) — Platinum Underwriters Holdings (NYSE:PTP) is one of today's notable stocks in decline, down 1.2% to $33.70. The S&P is currently trading 1.7% lower to 1,321 and the Dow Jones Industrial Average is trading

EQS – Eqstra Holdings Limited – Update: Disruptions at Pilanesburg Platinum Mine

EQS EQS Eqstra Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1998/011672/06) ISIN: ZAE000117123 Share code: EQS UPDATE: DISRUPTIONS AT PILANESBURG PLATINUM MINE On 24 June 2011, Eqstra Holdings Limited ("Eqstra")

Operations resume at Platmin mine, says contractor MCC

JSE-listed Eqstra Holdings, which owns mining contractor MCC Holdings, said on Monday that operations have resumed at Platmin’s Pilanesberg platinum group-metals mine in South Africa, following illegal industrial action

Anglo Platinum sees six month earnings rising slightly

The world's top platinum producer said Monday that higher prices and sales of the metal were expected to boost headline earnings per share for the six months to June Anglo Platinum, the world's top producer of the precious metal, said on Monday that

Medium term platinum outlook – volatility and decline!

World No. 2 platinum miner CEO, David Brown, expects a slowdown in platinum demand increase in the months ahead while CPM also suggests prices may drift. JOHANNESBURG (Sunday Times) – Platinum looks set for a couple of quarters of volatility and decline,

Platinum palladium to resume uptrend soon

Platinum, palladium to resume uptrend soon Commerzbank looks for Platinum to rise into year-end. These markets “tightened considerably” last year due to a rebound in demand following the recession-related weakness of the previous year. “The

GoldMoney offers Australian, New Zealand and Hong Kong Dollar to purchase precious metals

LONDON – Thursday, July 7th 2011 [ME NewsWire] (BUSINESS WIRE)– GoldMoney, one of the world’s largest providers of physical bullion for retail investors, is now offering its customers three new currencies to invest in gold, silver, platinum and

Precious metals to remain subdued on profit booking

Dilip Kumar Jha | 2011-07-03 00:10:00 Gold is likely to remain subdued this week on profit booking by global investors. Lack of safe haven buying support may continue, pulling the yellow metal further down and giving an opportunity to new investors to

Police arrest 2 suspects in high-tech platinum theft

Police have arrested two men in connection with a theft of platinum worth over NT$44 million from a high-tech company in Hsinchu County, officials said yesterday.

Police also managed to recover 18 kilograms of platinum from the suspects during the arrests in Taoyuan

Japanese firm to recover gold silver from E waste

For the first time in Japan, a leading recycling firm announced a project to recover precious metals like gold, silver and copper from electronic devices.

Nippon Magnetic Dressing Co it will extract rare and precious metals from cellphones, home appliances, cars and medical equipment for sale to metal smelters, reports asahi.com

Image from Wikipedia.

Strong demand for squares, parcels at Hong Kong show

High prices sway buyers towards goods otherwise they would not have widely considered, according to exhibitors at the June Hong Kong Jewellery & Gem Fair. Buyers opted for Very Good makes instead of Triple Excellent and parcels instead of Dossier i…

That shave will cost you $100,000

Exotic materials are finding more and more uses, including a really expensive way to shave.

Zafirro is taking orders for a $100,000 razor made with sapphire blades and a 99.95% iridium handle. Iridium is a member of the platinum group metals, and one of the least abundant materials on earth.

Richard Karn: 50 specialty metals under supply threat

The Emerging Trends Report is 18 months into a planned 4-year circumnavigation of Australia, investigating specialty metal projects and recommending ASX-listed companies to clients. In this exclusive interview with The Critical Metals Report, we caught up with ETR Managing Editor Richard Karn shortly after he delivered the keynote address to the 2011 Energy and Resource Symposium for an update on the specialty metals market down under.

Strong gold and PGM revenues see Franco-Nevada Q1 net income up 157%

Franco Nevada reported an adjusted net income of US$21.4 million or 18-cents per share for the first quarter, a 157% increase over the adjusted net income of US$8.3 million or 7-cents per share for the first-quarter 2010.

Net income for the first quarter of 2011 was $21.2 million or 18-cents per share, which included a $5.6 million gain, $6.5 million in forex losses and $1.7 million in losses recorded from the equity accounting of Franco's investment in Gold Wheaton prior to the acquisition, which closed on March 14, 201

Stillwater Mining reports record quarterly earnings for the first quarter

[Highlights from] Stillwater Mining Company:

• Net income of $36.2 million or $0.34 per diluted share — nearly triple first quarter 2010 earnings
• Mined PGM production increased to 131,200 ounces
• Continued strong prices for palladium and platinum

Stillwater Mining Company today reported record net income for the 2011 first quarter of $36.2 million, or $0.34 per diluted share, on revenues of $170.1 million. This compares to first quarter of 2010 net income of $13.4 million, or $0.14 per diluted share, on revenues of $133.5 million.

Is palladium overdone?

Palladium has given traders and investors quite a ride over the past year — mostly on the long side. The launch of the ETFS Physical Palladium Shares (PALL) put a bid on the white metal's already-tight supplies last year.

Palladium prices have risen 53 percent in the last 12 months, but that counts a month-long slump that dragged prices down to the $730 level from an $862 peak. The sell-off in PALL shares started at $85 and recently ended at $72.

Aluminium, copper, PGMS to perform over next 3 years – RBS

In its latest Commodity Companion publication, RBS explains why it prefers aluminium, copper, platinum and palladium to bulk commodities and silver on a view through to 2014.

Mustang announces new platinum and palladium discovery in Manitoba

Mustang Minerals Corp. and 19.9% shareholder Western Areas NL are pleased to announce a significant new drill discovery of platinum and palladium mineralization at shallow depth at Mustang's 100% owned Mayville Property. The Mayville Property covers a large part of …

Physical, ETF Demand Sustains Gold

Gold rose on Thursday, sustained by a rise in ETF holdings, stronger physical demand and a weaker dollar, but investor selling to cover losses in other markets limited gains. Platinum [ XPT= Platinum and palladium tumbled to 3-1/2 month lows …

PGM demand falls on Japan crisis

With some of the world's top auto makers forced to stop vehicle production because of the nuclear crisis in the country, demand for the metal, used mainly in auto catalysts has fallen; platinum has recorded it biggest two day loss …

Japan and precious metals: a snapshot

As the country still reels from the devastation of a massive earthquake and tsunami, we provide a brief view of where Japan fits into the world precious metals markets.

Aquarius Platinum: 1,000,000 fatality-free shifts at both Kroondal and Everest

Aquarius Platinum South Africa (Proprietary) Limited ("AQPSA") is pleased to announce that two of its operations have simultaneously achieved one million fatality-free shifts.

The Everest Mine reached this milestone on 1 March 2011 for the first time since commencing operations in 2004, while the Kroondal Mine achieved it once again on 4 March 2011.

Papuan Precious Metals Corporation: Sampling Returns Copper Values as High as 23.86% from Ioleu Creek Prospect, Mt. Suckling

Papuan Precious Metals (TSX VENTURE:PAU)(OTCQX:PAUFF) announced that it has received geochemical results from 25 rock samples collected at its 100% owned Ioleu Creek copper-gold prospect, Mt Suckling, Papua New Guinea. In addition, platinum group element ("PGE") soil anomalies within the …