Randgold Resources increased its total attributable ore reserves in 2014 despite significant depletion from mining in a year that delivered record production of 1.15 million ounces. The company’s annual resource and reserve declaration, published today as part of its annual report for 2014, shows attributable reserves up by 0.8% to 15.2 million ounces while resources […]
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JP Morgan Cazenove has initiated coverage on oil services group Hunting (LON:HTG) with a ‘neutral’ rating, stating that equipment demand has yet to bottom and that pressure on pricing looks set to endure some time even when demand recovers. The broker added: “Hunting is levered to any eventual recovery of drilling activity in the US. […]
BlackRock’s mining investment trust suffered a dismal year. And for many investors, the changes will offer scant consolation.
At current prices, it takes 232 ounces of gold to buy the average UK house – up 60% in the last three years. Here, Dominic Frisby compares the two markets.
SolGold provides the following exploration update for its Cascabel copper-gold porphyry project in Ecuador. Highlights: Ø Assay results received from drill hole CSD-15-010 (“Hole 10″) confirm high grade copper and gold mineralisation extends to the northwest, returning 156m @ 0.63 % Cu, and 0.74 g/t Au from 684m depth and remains open at depth. Ø […]
FTSE indices got off to a slow start thanks to rising Middle East tensions after more Saudi airstrikes on Iran-backed Shia Houthi rebels in Yemen, with Egypt promising to weigh in to the developing conflict. Blue chips were led south by resources stocks. Just after the open, FTSE 100 was down 6.87 points, or 0.1%, […]
Europa Oil & Gas is pleased to note today’s announcement from Egdon Resources confirming the presence of an oil column in the Penistone Flags interval, which has produced at a rate equivalent to 77 barrels of oil per day during testing at the Wressle-1 oil discovery in Lincolnshire. This is the fourth tested interval at […]
The price of oil has been flattened since last summer. Now it’s hit rock bottom. John Stepek explains why you should get ready for a rebound in the price.
Buying shares at their cheapest requires a two-pronged approach, says Bengt Saelensminde – as this contrarian play demonstrates.
Not all resource stocks are created equal, says Bengt Saelensminde. And this crucial concept can help you identify which businesses to invest in and which ones to avoid.