Commodity futures
Gold futures on Bursa Malaysia Derivatives are poised to trade range-bound with an upward bias next week, according to Stephen Innes, managing partner of SPI Asset Management. This expectation is driven by ongoing US fiscal concerns, a softer US dollar, and the precious metal's resilience in the face
Mining industry
Zimbabwe's government is intensifying its efforts to formalise artisanal and small-scale mining (ASM) to maximise the gold sector's contribution to the economy. At the Annual Mining Conference in Victoria Falls, the government reiterated its commitment to unlocking the sector's potential through structured mining practices,
Mining industry
Anglo Asian Mining PLC, an Azerbaijan-focused group, has made a promising start to 2025 as it resumes operations across its portfolio following last year's production curtailments. The company produced 8,085 gold equivalent ounces in the first quarter, with the Gilar underground mine entering production in May. CEO
Gold
Gold prices in Pakistan saw a significant increase on Friday, influenced by a surge in international markets. The local price of 24-carat gold per tola climbed by Rs3,500, reaching Rs351,000, while 10 grams of gold rose by Rs3,000, now priced at Rs300,925. The uptick in gold
Mining industry
Metals One PLC's shares have surged by over 300% since it first announced its entry into Nevada in mid-May, reflecting the market's appetite for junior miners with exposure to world-class geology. The company has now acquired an additional 99 unpatented mining claims at its Swales Gold
Commodity futures
The ongoing risk-on rally in global markets, sparked by a decrease in geopolitical and tariff-related uncertainties, has led to a correction in the price of gold, which is down approximately 6-7% from its all-time high of $3,500/ounce. In the domestic market, gold is currently trading at around Rs
Mining industry
Revenue at Metals Exploration PLC, a Philippines and Nicaragua-focused gold producer, explorer and developer, increased 15% to USD191.1 million in 2024 compared to USD166.7 million in 2023, driven by a 19% rise in average sales price to USD2,312 per ounce. However, pretax profit fell 71% to USD34.
Mining industry
Argentina is poised for significant economic growth and development following the joint discovery by Lundin Mining and BHP of a massive deposit of industrial and precious metals, including 80 million ounces of gold and silver and 12 million tons of copper. This discovery is expected to create new job opportunities
Mining industry
Ghana's gold reserves, which were first initiated in 1961 under President Kwame Nkrumah, have experienced significant ups and downs over the years. The practice was discontinued in 1962 due to a decline in gold prices and a strategic shift towards holding foreign currency and securities as reserve assets.
Mining industry
As the euphoria over the US-China trade agreement fades, the gold price has recovered, and experts believe it's not over yet. According to DoubleLine Capital CEO Jeff Gundlach, the precious metal could climb as high as $4,000 per ounce. Meanwhile, gold miners are finding ways to bridge
Commodity futures
Gold futures on Bursa Malaysia Derivatives are predicted to surge next week, with Stephen Innes, managing partner at SPI Asset Management, anticipating prices to trade within the range of US$3,200 to US$3,250 due to concerns over the US fiscal situation. Rising US debt levels and potential
Mining industry
Merk Investments, through its affiliate ASA Gold and Precious Metals, has acquired a significant stake in Nexus Minerals, a gold and critical minerals explorer, to capitalize on the increasing demand for precious metals and mining companies. Merk's investment is part of a larger trend, as the hedge fund
