Gold price: Hedge funds ready to dump 430 tonnes
Five days of selling drops gold price nearly 6% ahead of crucial US jobs numbers on Friday as large futures investors liquidate massive bullish positions.
Latest Stories
Silver Wheaton pays $900m for Glencore silver stream
The Vancouver-based streaming company says the deal immediately adds expected average silver production of 5.1 million ounces per year.
Chile’s Codelco lays off over 4,000 workers
The drastic move makes of Codelco the mining company that has let go the highest amount of workers in Chile since copper prices began their decline over a year ago.
Christie’s expects $28 million for this pink diamond
The stone is the largest cushion-shaped Fancy Vivid Pink diamond ever to go on sale at an auction.
Sandvik advances further in longwall mining
Sandvik continues its successful development of equipment for longwall mining with the launch of its next generation Sandvik MB670-1 bolter miner. The new Sandvik MB670-1 increases productivity, reduces total cost of ownership and improves safety and ergonomics for operators.
US fertilizer Mosaic profit beats expectations, but sales drop
The company also fell behind the consensus estimates for both earnings and revenue.
Greek court’s final ruling about Eldorado operations still pending
The company has temporarily resumed activities in the country, while it awaits a final decision.
Marin Katusa’s transformative vision of a post-Fission/Denison merger uranium world
Marin Katusa, founder of Katusa Research, shares his insight on why Fission investors rejected the deal and where he is finding value in the uranium and oil sector today.
TransCanada asks US to suspend Keystone XL pipeline review
If accepted, the request would keep alive the possibility that Keystone could go ahead after next year’s presidential election in the U.S.
