Polymetal shares rose 4% to 187.2p in early morning trading on Thursday after the company reported a business update announcing its gold bullion concentrate sales continued as usual from Kazakhstan. However, the mining group confirmed that its silver bullion accounted for less than 5% of its estimated 2022 sales, due to a lack of export […]

The post Polymetal silver stocks accumulate on lack of sales options appeared first on UK Investor Magazine.

Rambler Metals and Mining shares were up 1.6% to 28.2p in late morning trading on Wednesday, after the mining firm reported an estimated 428,000 tonnes of In-situ copper and 271,000 ounces of In-situ gold in its Canadian Ming Mine update. The company announced the positive news in its recent Mineral Resource Estimate (MRE), which replaced […]

The post Rambler Metals strikes 271k oz gold in Ming mine report appeared first on UK Investor Magazine.

Fresnillo shares were up 2.4% to 791.3p in early morning trading on Wednesday, following a 5.1% increase in silver production compared to Q1 2021 and flat rate of gold production against Q4 2021 of 149.8 koz. The mining group mentioned a 34.4% drop in attributable gold production compared to Q1 2021, due to an expected […]

The post Fresnillo reports 5.1% increase in silver production despite labour concerns appeared first on UK Investor Magazine.

Hochschild Mining shares were up 0.4% to 120.9p in early morning trading on Tuesday, after the company reported that it was on track to meet its 2022 targets in its Q1 production results. The firm commented that it was aiming for a production target of 360,000 to 375,000 ounces of gold equivalent, and 26 to […]

The post Hochschild Mining on track to deliver production targets appeared first on UK Investor Magazine.

Alien Metals reported further high-grade silver and base metals mineralisation intersected at its Elizabeth Hill silver project in the Pilbara region in Western Australia. The company highlighted its findings in the results from its inaugural drilling programme at the Pilbara project, which consisted of diamond and Reverse Circulation (RC) drilling for 1,991 metres in total. […]

The post Alien Metals hits high-grade silver at Elizabeth Hill project appeared first on UK Investor Magazine.

Silver rallied on Monday and into the Tuesday session, edging towards the $26 level. Earlier in the year, the devil’s metal rose by 15% to $30, its highest level in eight years. This came as Reddit investors flocked to silver by following comments on the WallStreetBets’ forum. Over the last 12 months, the precious metal […]

The post Is silver the next asset class to fly? appeared first on UK Investor Magazine.

$30bn wiped from GameStop’s valuation Investors are increasingly selling their stock in GameStop as the company’s shares dropped further today.  The company began trading on Thursday at $91.20. Before midday GameStop’s share price had fallen by over 30% to $63.32.  On January 28 shares in Gamestop were at $483 each. The trading events over the […]

The post GameStop plummets below $65 as Reddit traders feel the pressure appeared first on UK Investor Magazine.

The FTSE 100 climbed on hopes for an economic recovery and a US stimulus package, with hotels outweighing a fall in BP profits. The FTSE 100 index rose by 30 points to 0.4%, in anticipation of negotiations between President Biden and US Senators for a $1.9tn (£1.4tn) Covid stimulus. Spreadex analyst Connor Campbell said “all […]

The post FTSE 100 sees gains despite bad day for BP, silver falls appeared first on UK Investor Magazine.

Margins on Comex silver futures raised to $16,500 per contract Just one day after reaching its highest price in eight years, silver plunged down by nearly 6% on Tuesday.  The precious metal’s rally came to a halt as The CME Group raised margins on Comex silver futures.  As of February 2, margins will rise from […]

The post Silver comes crashing down after eight-year high appeared first on UK Investor Magazine.

Silver up by 11% to $30 per ounce The price of silver is at its highest point since 2013 following a community of online traders turning their attention towards the precious metal.  Big fund managers will be on alert after Redditors drove the price of GameStop up earlier this month, causing hedge fund Melvin Capital […]

The post Silver rallies to eight-year high as retail traders go again appeared first on UK Investor Magazine.

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 […]

The post Silver set to outperform gold in 2021 appeared first on UK Investor Magazine.

Having fallen on Monday, the price of gold rose by 1.25% on Tuesday, as traders reacted to a weakening dollar and expectations of a compromise-ready Fed meeting on Wednesday. With Fed stimulus coming at some point (hopefully soon), and talk of negative rates being floated around again following the latest London lockdown announcement, there is […]

The post Gold rallies on hopes of Fed stimulus appeared first on UK Investor Magazine.

Griffin Mining shares (LON: GFM) surged +9% on Friday after the group posted a positive production performance in the third quarter of this year. In the three months ended September 30, Griffin Mining mined 248,361 tonnes of ore, which is an increase from the 200,484 tonnes mined in the three months ended June 30. For […]

The post Griffin Mining shares surge 9% on positive Q3 performance appeared first on UK Investor Magazine.

Polymetal International PLC (LON:POLY) have given shareholders a strong set of final results on Wednesday morning, which has led to shares receiving a boost. Shares in Polymetal International trade at 1,284p (+1.42%). 4/3/20 10:01BST. The firm noted that revenue was significantly higher across 2019, following rising commodity prices. Polymetal said that revenue had spiked 20% […]

The post Polymetal report higher revenues in 2019, driven by rising commodity prices appeared first on UK Investor Magazine.

Fresnillo Plc (LON:FRES) have seen their shares jump as they gave shareholders an operational update on Monday. Shares in Fresnillo trade at 740p (+4.02%). 24/2/20 12:03BST. The mining firm said that it has accelerated the development of the Juanicipio project in Mexico’s Zacatecas state. Following this update, Fresnillo added that they expect to start producing […]

The post Fresnillo give update on Juanicipio project appeared first on UK Investor Magazine.

Hochschild Mining Plc (LON:HOC) have seen their shares jump on the back of a strong set of annual results. The mining titan said that its’ profit doubled in 2019, as the firm looked to deliver further progress and developments. Hochschild Mining said that revenue spiked 7% to $755.7 million, compared to $704.3 million in 2018. […]

The post Hochschild Mining shares jump 7% on strong annual results appeared first on UK Investor Magazine.

Fresnillo Plc (LON:FRES) have seen a quarterly rise in gold output, however annual production has fallen short of expectations. As a result of the shortcoming, shares of Fresnillo have slipped on Wednesday morning. Shares in the firm trade at 592p (-3.36%). 29/1/20 11:12BST. Fresnillo, who were a former FTSE 100 listed firm told the market […]

The post Fresnillo see quarterly production rise, but just miss annual targets appeared first on UK Investor Magazine.

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 […]

The post Oil prices weigh on markets and feed precious metals rally appeared first on UK Investor Magazine.

Metal mining company Griffin Mining Ltd (LON: GFM) saw its share price dip on a consistent deterioration across its financial fundamental. On a year-on-year comparison of the first half, the Group’s revenues contracted from US$54.1 million to US$38.6 million. This led a dip in operating profits from $21.1 million to $6.0 million, and a drop […]

The post Griffin Mining shares dip as fundamentals worsen appeared first on UK Investor Magazine.

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 […]

The post Resolute Mining rides precious metals rally, H1 EBITDA jumps 171% appeared first on UK Investor Magazine.

Gold, copper and silver producer Anglo Asian Mining plc (LON: AAZ) announced on-year growth but saw their share price dip after noting that copper production volumes had dipped between Q1 and Q2 2019. In its summary, the Company noted that quarterly production dipped between Q1 and Q2, which Anglo Asian attributed to a comparative reduction […]

The post Anglo Asian Mining shares dip on lower copper production appeared first on UK Investor Magazine.

Precious metals mining company Fresnillo Plc (LON:FRES) have upgraded their output guidance for gold for the fourth quarter, whilst downgrading silver. One of the London-listed go-to precious metal players has today announced that it has seen a 1.7 % on-year increase in gold output, as well as an on-year increase of 8.5% in silver output […]

The post Fresnillo updates output guidance for gold and silver appeared first on UK Investor Magazine.