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Golden Star Resources, Ltd (AMEX:GSS), Great Panther Silver Limited (AMEX:GPL) - Overview Of Value Stocks In The Basic Materials Sector benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Gold Prices Maintain Traction as Economies Begin Recovery - FinancialBuzz.com News Commentary Share this article Share this article NEW YORK, May 14, 2021 /PRNewswire/ Gold prices breached the USD 1,800 mark earlier this month, for the first time since February. Despite the recovering economy and lower number of COVID-19 cases in the U.S., the government is still injecting liquidity into the financial system, as fiscal and monetary stimuli are being implemented. These measures, which are meant to help bring the economy back to pre-pandemic highs, have consequences, specifically the devaluation of the dollar and inflation. In a report by Kitco, Gary Wagner, editor of TheGoldForecast.com, explained that he believes that we will see a new all-time record high in gold. I m not optimistic as to believe it will happen, let s say, over the next four months. However, I think it s highly likely, based on certain parameters, that we do test $1,900 once again, and that co ....
Asian Markets Mostly Lower On Inflation Woes CANBERA (dpa-AFX) - Asian stock markets are mostly lower on Thursday, extending the sharp losses of the previous two sessions, following the broadly negative cues overnight from Wall Street amid concerns about the accelerating pace of inflation following the release of the U.S. consumer prices data for April. Asian markets closed mostly lower on Wednesday. The US annual inflation rate jumped to the highest in 13 years and well above forecasts, while the monthly gauge rose the most since 2009. The markets in the region are also weighed down by the accelerating daily coronavirus infection rates caused by highly contagious variants of the virus. ....
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Proactive weekly mining round-up: Rio Tinto, Bacanora Lithium, Caerus Mineral Resources. A run-through of some of the week s mining stories Jacques left the FTSE 100 mining giant after it blasted the 46,000-year-old Juukan Gorge heritage areas in Australia to access iron ore. On Thursday’s AGM, over 60% of shareholders voted against two resolutions on the firm’s remuneration report, but as it only an advisory measure the company decided to ignore the vote and carry on. Bacanora Lithium PLC’s (LON:BCN) partner and major shareholder Ganfeng has made an offer to buy out the mining group. The Chinese giant says it will offer 67.5p per share, a 45% premium to the close yesterday and valuing AIM-listed Bacanora at £259mln, including shares to be issued through a recent placing. Ganfeng already has a 29% stake in Bacanora and also a 50% stake in Sonora, the junior miner’s lithium deposit in Mexico. ....