Gold Rush Propels Thai Trading House to Record Heights
Unprecedented gold prices and a surge in retail sales may push revenue at Thailand’s largest gold trading house to a record 5 trillion baht ($156 billion) this year, according to Hua Seng Heng chief executive officer Tanarat Pasawongse. That amount would be bigger than even the government’s fiscal 2026 spending plan of about 3.8 trillion […]
Silver and Copper Outshine Gold as Preferred Metal Investments Amid Supply Concerns
Stock image. Silver and copper have replaced gold as the hot metal trade heading into 2026, with institutional and retail traders positioning for record rallies. Silver has nearly doubled this year, with most gains occurring in the past two months due to a historic supply squeeze in the benchmark London market amid surging demand from […]
Power One Hits the Jackpot in Historic Uranium Region
Panoramic view from Elliot Lake’s fire tower, overlooking lush forests and the distant horizon under an overcast sky. Stock image. Power One Resources (TSXV: PWRO) announced the first-ever discovery of gold mineralization at its Pecors property, located about 10 km east of Elliot Lake, Ontario. This significant finding broadens the project’s exploration scope, which has historically […]
Barrick’s Stock Soars After Settling Dispute with Mali
Loulo-Gounkoto gold mining complex. Credit: Barrick Barrick Mining (NYSE: B; TSX: ABX) says it has reached an agreement with Mali’s government to end their dispute, removing uncertainty surrounding the operation of its Loulo-Gounkoto complex in the African nation. Its stock surged. In a press release Monday, the Toronto-based gold miner confirmed that the Malian state […]
Deutsche Bank Reinvents Gold Trading, Reports Outstanding Earnings
Stock image. Deutsche Bank AG is mounting a return to the top table of precious metals trading a decade after it all but abandoned the business, notching up significant trading profits and applying to rejoin the inner circle of banks that play a central role in the market. The bank’s precious metals traders generated well […]
Lundin Gold Strikes Additional Bonanza Grades in Ecuador
Lundin Gold’s Fruta del Norte mine in southeastern Ecuador. Credit: Lundin Gold Lundin Gold (TSX: LUG) has cut its highest-grade intercept yet at the Fruta del Norte gold mine in southeast Ecuador, as the company advances plans to bring the new Fruta del Norte South (FDNS) zone into reserves next year. Shares rose. In a […]
CEO Tristan Pascall Discusses the Future of First Quantum Minerals
“We will always be a growth company” – Tristan Pascall, CEO of First Quantum Minerals in London The highs and lows of copper are not quite as far apart as memecoins or stonks, but in the last couple of years more than the usual number of fires have been lit and doused under the red […]
Barrick Mining Explores Possibility of Dividing into Two Separate Entities
The board of Canada’s Barrick Mining has raised the possibility of splitting the company into two separate entities, one focused on North America and the other on Africa and Asia, four sources familiar with the company’s thinking told Reuters. A split could also include the outright sale of Barrick’s African assets as well as of the […]
Gold Prices Recover as Global Equities Decline
Stock image. Gold rebounded near the $4,000-an-ounce level on Wednesday as investors sought safety in the safe-haven metal following a slump in global stocks. Spot gold rallied as much as 1.5% to $3,989.53 an ounce, having fallen almost 2% the previous session. US gold futures also gained 1% to $3,996.50 per ounce. Gold’s recovery follows […]
Investor-State Resource Disputes Reach a Decade High
Colombia. Stock image. Disagreements between governments and investors over resources are at a 10-year high, law firm DLA Piper said, driven by resource nationalism and growing competition between the US and China for critical minerals. This reflects the scramble for minerals that will power everything from chips for the AI boom, to electric vehicles, to […]