Endeavour Mining has today reported a 14% revenue rise to US$686 million in the first quarter of the year (compared with Q1 2021), following a strong operational performance since the new year. The company, which operates a number of gold mines across West Africa, increased its...
The world’s second largest gold producer - Barrick Gold - yesterday doubled its quarterly dividend after beating analyst estimates for profit, largely due to higher gold and copper prices in the period. Barrick’s Q1 revenue of US$2.9 billion was actually 3% lower than the corresponding quarter...
Prices for the likes of oil, nickel, gold and palladium rocketed upwards during wild trading yesterday as the markets grappled with the consequences of Russia’s continued invasion of Ukraine. Brent crude oil spiked by 17.8% to US$139.13 a barrel after the United States and European allies...
Precious metals prices have continued to trade higher today as Russia’s invasion of Ukraine intensifies, pushing investors to the ‘safe haven’ assets gold and silver. April gold futures increased to US$1948.50 in early US trading, while May comex silver increased to $25.295 per ounce, after news...
A range of commodities including oil, gold, nickel, palladium, platinum and aluminium have seen sharp price rises today following Vladimir Putin’s order of a full-scale Russian invasion in Ukraine. Brent crude jumped 6.6% to an eight-year high of US$103.21 a barrel following Putin’s announcement of a...
Gold prices hit an eight month high yesterday, trading at just over US$1,900 per ounce, as investors fretted over escalating military tensions between Russia and Ukraine. In particular, reports of mortar fire in Eastern Ukraine and an ‘imminent’ Russian invasion pushed investors into ‘safe haven’ gold....
Latin America-focused Fortuna Silver Mines has announced a cash and stock deal worth US$884.3 million for Roxgold, a gold miner with projects in Burkina Faso and Côte d’Ivoire. TSX-listed Fortuna, which has operations in Peru, Mexico and Argentina, said the combined company would produce about 450,000...
Gold mining companies around the world are facing increasing pressure from investors to reduce their total carbon emissions, after it emerged that the sector is among the biggest emitters of greenhouse gases (GHG) in the mining industry. According to data from ESG consultancy Skarn Associates, scope...
The threat of new COVID-19 restrictions in economies around the world pushed the gold price to its lowest point in nearly two months yesterday, as part of a wider sell-off seen across global stock markets. US gold futures fell by 3.9% to US$1,885.40 per ounce on...
Gold miners are increasingly looking towards new avenues of venture capital on the London and New York stock exchanges as they seek to take advantage of surging prices and demand for the safe haven investment. The COVID-19 pandemic has chiefly fuelled a 32% rise in the...