‘Liquidation binge’ briefly halts gold trading Friday
A "volatility safety type device' halted trading in gold for ten seconds Friday after a 2 million ounce trade was executed.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Debt deal talks sink gold price
Shortly after the opening of trade in New York on Friday the gold price plunged more than $30 an ounce to an almost three-month low of $1,259.60 an ounce.
Gold price dive drags down mining stocks
The gold price is now down more than 23% this year and the metal appears to be firmly in the grip of bears causing mayhem among gold mining stocks.
Copper output to spike, but surplus to remain ‘very modest’
After seven years of almost no growth, copper supply expansion is set to average over 4% through 2016, but the market surplus is likely to remain marginal.
Shares in Vancouver junior down 55% after mothballing Arizona mine
American Bonanza Gold shares tanked on Friday in heavy volumes, after the company announced its Copperstone mine in Arizona is being placed on care and maintenance.
Shares of Greenland explorer on a wild ride after drill results
Punters not sure what to make of North American Nickel's latest find in Greenland kick it 17% higher only to let it fall deep into the red.
Capstone bumped up after positive production numbers
Vancouver-based copper miner sticks to full year guidance ahead of closing of $650 million Pinto Valley acquisition.
Brazil gold pour too late for cash-strapped Carpathian
Shares in Toronto-based explorer down a third after delays of initial gold production at its Brazil project prompts it to pursue "strategic alternatives."
Allana Potash up sharply after latest Ethiopia milestone
The Toronto company has been granted a licence to mine the 2.4 billion tonne Dalol deposit.
The bearish case for silver
Dips below $20 an ounce this year likely.
Mining’s next boom is off the map: Arctic ice, abyssal plains and asteroids
Depletion, lower ore grades and higher prices pushing miners to new frontiers. The Arctic is already drawing capital, deep-sea mining is moving into a regulatory fight, and space remains the long-dated option.