Hummingbird Resources shares fell 1.8% to 13p in late afternoon trading on Friday, after the company reported a decrease in sales to $156.6 million compared to $181.7 million in its FY 2021 report. Hummingbird Resources also highlighted an operating loss of $7.1 million compared to an operating profit of $31.9 million the year before. The […]

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The price of gold made a modest rally on Tuesday afternoon, gaining 0.25% to $1,840.91 per ounce after lunchtime, following a turbulent few weeks which saw the precious metal take a -2.31% hit. Responsibility for the uptick, analysts at FX Street say, is “exclusively sponsored by the emergence of some selling around the US dollar, […]

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Swiss investment bank UBS has announced that it expects silver to outperform gold in 2021, following a year which saw “safe haven” precious metals hit record highs and reap the benefits of global stock market volatility. 2020 was a remarkable year for gold, which surged to a record high of $2,075 in August after one […]

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British precious metals dealer, Direct Bullion, stated on Monday that it believes the gold price will ‘break new records in 2021’, with lingering economic uncertainty driving demand for the commodity in the new year. Despite a predicted 9% increase in production in 2021, Metal Focus expects gold to remain high, and above $2,000 per troy […]

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Gold as currency fintech firm, Glint Pay, has continued its expansion since its Crowdcube campaign in 2018. Today, it announced that it had secured an additional £2.5 million in funding to support its growth, to 138,000 active users in the next twelve months. The funding news follows the launch of Glint Pay’s peer-to-peer transfer facility […]

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Trying to manage money during a global pandemic is challenge enough, but trying to position yourself as an investor in an uncertain climate is an even greater cause for sleepless nights. The predominant issue here is uncertainty. Not necessarily over what the virus will do next, but the week-by-week adjustments in political policy that are […]

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Largely following on from yesterday’s trends, market indices struggled to recover from the tensions in the Gulf and ensuing oil price hike. As if markets hadn’t taken more than their fair share of beatings and uncertainty, the jump in Brent Crude not only makes day-to-day activities more costly (the arbitrary case) but the events in […]

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Precious metals mining and development company Alien Metals Ltd (LON: UFO) saw its share price bounce significantly on Friday morning as it identified further precious metal mineralisation at its three projects in Mexico. At its San Celso site, the Company identified ‘highly anomalous’ silver mineralisation, with a maximum assay of 1,275 g/t of silver – […]

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Precious metals mining company Resolute Mining Limited (LON: RSG) posted bumper fundamentals during the first half of full-year 2019, with impressive production and financial results. This is only one of many success stories in the precious metals sector this year, with market uncertainty feeding the increased popularity of inverted risk assets. The Company posted headline-grabbing […]

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