The biggest winner from a rise in precious metals

The biggest winner from a rise in precious metals

The world’s best-performing precious-metals stock is up almost 90% this year, and there are signs the rally could run even further. Impala Platinum Holdings Ltd. has outpaced 87 global peers with a market value of at least $1 billion in 2019...

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Sibanye, Lonmin merge to create world’s largest platinum miner

Sibanye, Lonmin merge to create world’s largest platinum miner

Shareholders of both precious metals miner Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) and struggling rival Lonmin (LON:LMI) approved on Tuesday the planned merger of the companies, effectively creating the world’s largest platinum producer and the...

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Platinum market is turning a corner as supplies start to tighten

Platinum market is turning a corner as supplies start to tighten

As the platinum industry heads for its annual gathering in London, the question is whether one of the worst-performing metals of the last few years can sustain its recent recovery. For now, the signs are that it may. Prices of the metal mostly...

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Don’t bet on platinum miners boosting supply on price surge

Don’t bet on platinum miners boosting supply on price surge

The recent jump in platinum-group metals prices is boosting miners’ profits, but that doesn’t mean they are likely to increase supply anytime soon, according to the world’s No. 1 producer. Prices for platinum, palladium and rhodium have all...

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Zimbabwe to scrap platinum and diamond mine ownership rules

Zimbabwe to scrap platinum and diamond mine ownership rules

Zimbabwean Finance Minister Mthuli Ncube said a rule requiring local investors to control platinum mines will be scrapped and foreigners will be allowed to own 100% in a bid to revive investment. “We are removing that indigenization rule, which...

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MAX Resource to develop large gold project in Colombia

MAX Resource to develop large gold project in Colombia

MAX Resource (TSXV: MXR) announced this week that it was able to secure 100% of the 89 mineral applications it is aspiring to develop in western Colombia. The applications cover a total area of 1,757 square kilometres and are located within the...

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Platinum’s worst may soon be over despite record bearish bet

Platinum’s worst may soon be over despite record bearish bet

Platinum’s near the lowest in a decade and hedge funds have never been so bearish and that could be good news for prices. The commodity has had a torrid year so far amid ample supplies and as investors lost faith in precious metals. While...

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Tharisa May Join $4.2 Billion Zimbabwe Platinum Project

Tharisa May Join $4.2 Billion Zimbabwe Platinum Project

Tharisa Plc, the platinum and chrome miner run by the Pouroulis family, is considering investing in a $4.2 billion platinum project in Zimbabwe being developed by another company founded by the family. Tharisa would join Karo Resources, founded...

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Sponsored Article: Goldmoney (XAU:TSX) Special Offer on Goldmoney Holding Platform – until May 28th, 2018

Sponsored Article: Goldmoney (XAU:TSX) Special Offer on Goldmoney Holding Platform – until May 28th, 2018

Goldmoney (XAU:TSX) is the world’s largest precious metals payment and savings network and a global leader in digital asset investment services. Safeguarding nearly $2 billion in assets for clients located in more than 150 countries, Goldmoney is...

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Platinum, palladium hit price parity for first time in 16 years

Platinum, palladium hit price parity for first time in 16 years

Palladium hit price parity with its better-known sister metal platinum on Wednesday for the first time since 2001, as demand expectations for the two assets diverged. Both are primarily consumed by automakers for catalytic converter...

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Hedge Funds Are Losing Faith in Precious Metals

Hedge Funds Are Losing Faith in Precious Metals

Gold is out of favor with money managers and it’s not the only precious metal facing investor exodus. Hedge funds and other large speculators are hitting the exit as they brace for monetary tightening in the U.S. and Western Europe. Money...

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