Mining

How was it possible for one miner to produce more gold at a higher price and yet report a 90% dilution of profit? That must have been the question in every Petropavlovsk plc’s (LSE:POG) shareholder’s mind right now after reading the half year results released today. All 286,074 ounces of gold sold at a price […]

The shares price of Petropavlovsk (LSE:POG) have gapped down with significant selling pressure. This is a bear market, but the market condition has been very difficult recently. The crucial thing is to pinpoint high probability entries or stay out of this market – as the analysis below would reveal. Every trader may derive gains from […]

The long wait is over. Shanta Gold Limited (LSE:SHG) is finally on its way to produce between 13,000 and 17,500 ounces of gold from its New Luika Gold mine in Tanzania by the fourth quarter of 2012, the company said today. Shares of the Shanta Gold, trading on the Alternative Investment Market, gained 11.4% to […]

The conflict at the Lonmin (LSE:LMI) Marikana platinum mine is nearing epic proportions.  Lonmin share price fell by 8% as the market opened, but staged a modest comeback to 636.00, down a more marginal 1.85% (12.00 pence) by early afternoon as investors try to cope with the increasing violence. How Bad Is The Violence? So […]

I could not have put it better than this note from the trading desk at a leading London broker, which I have just been sent. I am sorry that I cannot include the chart referred to but you can guess what it looks like.  The report states: Gold has had a quiet year thus far. […]

Base metals miner Talvivaara Mining Company plc (LSE:TALV) has released a revise guidance for its nickel production for the year to only about 17,000 tonnes of nickel, as the company continues to drain its mine of water brought about by excessive rainfall in spring. More than a month ago, the Finland-based firm already stated it […]

The shares on Regency Mines have consistently shown weakness up till now: something that is expected to continue further. This is a bear market and it is very dangerous to go long right now. On the other hand, a discreet seller would have made a huge profit in this market, particularly those who sell rallies […]

Tanzania’s largest gold producer, African Barrick Gold plc (LSE:ABG), confirmed today, press speculations regarding a possible takeover by state-controlled China National Gold Corporation (China Gold). In a statement, Barrick Gold Corporation, ABG’s parent company, said it is in preliminary discussions with China Gold regarding Barrick’s holdings in ABG. The story citing people privy to the...

The company stock of Centamin Egypt has broken out to the upside – outside of a prolonged consolidation. It is likely that the price would continue to go up as the analysis below shows. The chart below utilizes daily candles (24-hour candles). Based on criteria it is often noticed that signals on the 24-hour time […]

A disappointing first half report, including a dismal forecast for the balance of the year, drove the share price of the Eurasian Natural Resources Corporation Plc (LSE:ENRC) down 29.50 pence from 414.70 to 385.20 this morning, a 7.11% decline.  Except for the past three weeks, the stock has experienced almost constant decline since mid-January when […]