Weekly Round-Up: Gold Price Breaks $1,300
The gold price rose Friday after cooler-than-expected US inflation data and harsh words for Iran from US President Donald Trump.
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BHP BILLITON LIMITED (NYSE:BHP)
BHP Billiton Limited started as a Dutch company mining tin on the island of Billiton off the coast of Indonesia in 1860 and the Broken Hill Proprietary Company incorporated in 1885 in Australia. The two companies merged in 2001 and are dual listed on the Australian Securities Exchange and the London Stock Exchange.
BHP Billiton as of today is the world’s largest mining company and it’s also into manufacturing of the following natural resources: iron ore; metallurgical and energy coal; conventional and unconventional oil & gas (which includes exploration, production and refining); copper; aluminium; manganese; uranium; nickel and silver. As at September 2016, the company has a market capitalization of over $120 billion, with its 2015 annual revenue put at $61.2 billion AUD and Net income was 1.91 billion USD. Its stock price at the Australian Securities Exchange is A$20.09, the recent up rise movement is not unconnected with 28-cent per share dividend declared by the company and with the books closing on September 20th, it is expected that the price of the company’s stock will still surge.
BHP Billiton recently sold some of its stake in four gas fields for $400 million, and it is expected that this extra income will help the company’s earnings per share to rise and possibly increase dividend and special project expansion in the up plan like the 38% increase in copper exploration.
The current consensus average analyst ratings of the company in the rate of 1 to 5 with 5 as the highest is put at 2.71, this is a sharp dropped from 3.3 given just 3 months ago, and the reason might not be far from the surge in price as a result of the declared dividend as analyst are of the opinion that ex dividend the current bullish position in the price of the stock might not be sustained, also the company recent announcement of its record loss of $6.4 billion USD mostly from the collapse of its dam at the Samarco iron ore site in Brazil.
The CEO of BHB Billiton Limited is Andrew Mackenzie, Mackenzie has being on the helms of affair since May, 2013, and with his approval rating at 79%, it is expected that he will maintain the current momentum to keep the company growing.
Find all BHP Billiton investing news below
The gold price rose Friday after cooler-than-expected US inflation data and harsh words for Iran from US President Donald Trump.
Forward-thinking geological teams are setting their sights on historic mining camps instead of surface exploration techniques.
Here’s an overview of the main factors that impacted the copper market in Q3 2017, and what’s ahead for the rest of the year.
The gold price edged lower on Friday after a new jobs report increased worries of another rate hike from the US Federal Reserve.
By Melissa Shaw
How did silver perform in Q3, and what are analysts saying about the future supply, demand and pricing? Our silver price update has the answers.
By Siv Padhy
You might know which country produces the most silver, but do you know where the largest silver reserves by country are found?
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Hannan Metals (TSXV:HAN) announces the appointment of Ms. Ciara Talbot as an independent non-executive director.
Ms. Talbot currently serves as the Director, Exploration & New Business Development of Toronto/Stockholm-listed base metal miner Lundin Mining Corporation (“Lundin”), a position she has held for the last 5 years, and brings over 20 years of international
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The board of Danakali Ltd. (ASX:DNK; OTC:DNKLY)is pleased to announce the appointment of Mr. Andre Liebenberg as a non-executive director effective 2 October 2017.
Mr. Liebenberg joins Danakali as an independent director and will be based in London. Mr. Liebenberg is an experienced mining industry professional with extensive investor, market, finance, business development
The gold price has been driven mainly by geopolitical tensions and a weak US dollar in Q3, and looks set to end the period higher.
Copper miners will be the first metal producers to feel the impact of growing electric vehicle demand, says company executive Arnoud Balhuizen.
By Shelly Kumar
Advantage Lithium Corp. (TSXV:AAL; OTCQX:AVLIF) is pleased to announce further positive progress with its Cauchari JV drilling program where three drill rigs are now expanding the depth and lateral extent of the existing NI43-101 mineral resource dated December 20161.
Initial results from the first set of composite brine samples from hole CAU10 in
The gold price edged lower on Friday and was headed for a weekly loss after a North Korean missile test brought little reaction from investors.
NorthIsle Copper and Gold CEO Jack McClintock discusses the preliminary economic assessment for his company’s flagship project in Northern Vancouver Island.
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Northisle Copper and Gold Inc. (“Northisle” or the “Company”) (TSXV:NCX) is pleased to announce the results of its Preliminary Economic Assessment (“PEA”), prepared by M3 Engineering & Technology Corp., for its 100% owned North Island Copper and Gold Project located in northern Vancouver Island British Columbia (“Project”). The results of
By Siv Padhy
Different types of copper deposits can be found throughout the world, and being aware of their characteristics can be beneficial for investors.
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Nickel-focused companies continue to evaluate how they can profit from anticipated demand from the electric vehicle sector.
LME copper hit a three-year high of $6,970 per tonne this week due to a surge in speculative buying, but can prices go higher?
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Where is silver mined in Australia? You might be surprised to learn that the country is home to one of the world’s top primary silver producers.
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Codelco is in first place, and it’s followed by Freeport-McMoRan and Glencore. Read on to find out the rest of the top copper-producing companies.
The Junior Mineral Exploration Tax Credit will allow Australians investing in greenfields exploration companies to receive a tax credit.
