|Day's range||850.40 - 854.70|
The world’s top platinum supplier is handing over 270 hectares (667 acres) of land to people living in Rustenburg, about 140 kilometers (86 miles) northwest of Johannesburg. The move comes as the African National Congress plans to change the constitution to make it easier to seize land without paying for it. The ANC says the amendments are needed to address racially skewed ownership patterns dating back to colonialism and white-minority rule.
Terry McConnachie has been the CEO of Sylvania Platinum Limited (LON:SLP) since 2010. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Then Read More...
Franco-Nevada (FNV) will benefit from a strong Oil & Gas segment aided by higher oil prices and acquisitions that will offset the impact of lower production from mining assets, mainly Candelaria.
The Silver markets roll over a bit during the day on Thursday, as precious metals in general were a bit soft. However, I do think that we are still range bound but in the longer-term downtrend, so I think that rallies will continue to face troubles.
Companies desperate to turn struggling operations around have cut jobs left and right, but the government issued a stern warning against further layoffs.
Crude oil started this week on a weaker note and moved higher as the week progressed. After gaining for three days, crude oil opened slightly higher on Friday and was trading with mixed sentiment in the early hours.
Both precious metals companies have ambitious plans for growth. Which one is poised to deliver the most value to shareholders over the long run?
The revival in precious metal prices on Friday, June 29, caused a rebound in miners. The fall in metals on Monday once again caused mining stocks to plummet.
Monetary policies have been crucial in determining the movement in precious metals. The rising interest rate supports the US dollar. The higher the interest rate, the more money will flow to the higher-paying country.
With the revival of the US dollar, the precious metal and mining stocks have tumbled significantly over the last few months. The Global X Silver Miners ETF (SIL) and the VanEck Vectors Gold Miners ETF (GDX) have also been heavily impacted. These two funds have declined ~1.8% and ~4.6%, respectively, during the last month, and they saw respective YTD losses of 5.6% and 11.3%.
As we’ve seen so far in this series, gold tends to influence the price movement of precious metal miners. In this article, we’ll take a look at the correlations of selected miners with gold. Gold is the most dominant of the precious metals, and silver, platinum, and palladium are known to closely track its trends.
The falling platinum prices have been a major concern for platinum mining companies in Africa. Platinum, like palladium, is used as a catalyst to reduce carbon monoxide emissions in vehicle engines. The platinum market has been in short supply over the last few years, and its deficit is expected to expand in 2018 as well. The same factor that supports palladium prices is also detrimental to platinum prices.
Most precious metals and their related mining companies have witnessed a choppy market in most of 2018, thanks to slumping precious metal prices. Precious metals are more closely associated with the downturn in these precious metals rather than the overall sentiment of the equity markets.