Junior Mining News

Oversold GBP/USD remains under pressure after UK CPI met forecasts

Resource Investor /

Pound bulls hoping to see a big beat on the July inflation numbers were left disappointed, as the data merely met expectations. Although off its lows, sterling remained under pressure after breaking the $1.27 handle overnight following yesterday’s news of weaker-than-expected growth in wages, and amid ongoing concerns over a no-deal Brexit outcome. …read more […]

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Gold trading volumes double in Turkey amid currency crisis

Mining.com /

By Bloomberg News (Bloomberg) — First Turkish President Recep Tayyip Erdogan argued citizens should buy gold, then he said sell. Add dramatic swings in the lira, and the country’s traders are now enthusiastically doing both. Gold futures volumes have surged on the Borsa Istanbul as the volatile currency attracts speculation and after the lira’s plunge

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Perth Mint launches first gold-backed ETF on NYSE

Mining.com /

By Reuters The Perth Mint, Australia’s largest precious metals refinery, depository and mint, on Wednesday announced a new gold-backed exchange-traded fund (ETF) with a low-price management fee, entering the field of lower-cost competitors on the New York Stock Exchange. The new fund, which will trade under the ticker symbol AAAU, will charge a fee of

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PolarX: High Grade Mineralization Extended 850m Along Strike at Zackly

Investing News Network /

By Scott Tibballs PolarX (ASX:PXX) has announced outstanding first assay results for 2018 from drilling at the Zackly copper‐gold deposit within its Alaska Range project. According to the company, the first assays from new drilling point to a future resource increase at Zackly; further assays pending from resource extension holes which contained visible gold and

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Rio Tinto closer to selling $6bn stake in Iron Ore of Canada

Infomine /

By Cecilia Jamasmie Rio Tinto (LON, ASX, NYSE:RIO), the world’s second-biggest producer of iron ore, is closer than ever to selling its $6 billion-stake in Iron Ore Company of Canada (IOC), as it hired investment bank Credit Suisse. Likely bidders include ArcelorMittal and Teck Resources. The miner, which owns 58.7% of the Canadian producer, is

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