Staff members of a foreign exchange trading company keep an eye on the exchange rates between the Japanese yen and the Euro, and yen beside the US dollar in Tokyo on Monday, January 26. The euro slipped to near an 11-year low, touching the lowest level against the U.S. dollar and Japanese yen, while U.S. stock-index futures drooped on Monday, following the Standard & Poor’s 500 Index’s first weekly gain this year. Asian stocks also tumbled, on rumors that Greece’s Syriza party pledged to sway back austerity measures after sweeping to victory in a snap election, fueling fears about the future of the eurozone.
Futures on the S&P 500 (SPX) expiring in March diminished 0.3 percent to 2,038.7 at 10:21 a.m. in London. The fundamental index rallied 1.6 percent last week after European Central Bank president Mario Draghi said it plans to buy up to 1.14 trillion euros ($1.3 trillion) of private and public securities. Dow Jones Industrial Average contracts vanished 57 points, or 0.3 percent, to 17,531 recently.
On Friday, Gold skidded 0.8 percent to $1,284.28 an ounce while silver dropped 1.6 percent. Copper slid as much as 3.3 percent to the weakest since July 2009, nickel cut down 0.8 percent and lead lost 0.6 percent.
In company news, Newmont Mining Corporation, (NYSE:NEM), dwindled 0.58% to $24.15, in its last trading session, after Pershing Gold Corporation (PGLC), an emerging Nevada gold producer on a fast-track to reopen the Relief Canyon Mine, declared that Stephen Alfers, Pershing Gold’s Executive Chairman, CEO and President, presented at the Noble Financial Capital Markets’ Eleventh Annual Equity Conference on January 19, 2015. Alfers’ Company update comprised of highlights of Pershing Gold’s recent transaction with Newmont USA Limited (NEM).
Newmont Mining Corporation, (NYSE:NEM), together with its auxiliaries, attains, explores for, and produces gold, copper, and silver deposits. The company’s assets or operations are located in the United States, Australia, Peru, Indonesia, and Ghana.
Allied Nevada Gold, (NYSE:ANV), dipped 8.73% to $1.15, after a gold producer, is engaged in the mining, development, and exploration of properties in Nevada, offers full year preliminary production and sales for 2014 and an update on the status of the mill expansion financing process. In 2014, the company raised production by 12% for gold and more than doubled the silver production contrast to 2013.
Royal Gold, Inc. (NASDAQ:RGLD), dropped 0.52% to $74.70, on Friday, after the company declares that the operators of the Mount Milligan and Peñasquito properties have released preliminary calendar 2014 operating results and calendar 2015 production forecasts. Royal Gold declares that its wholly owned partner, RGLD Gold AG, purchased about 13,000 ounces of gold for the quarter ended December 31, 2014 from the Mount Milligan mine as part of its purchase and sale contract with Thompson Creek Metals Company, Inc., comprising of about 6,300 ounces upon final settlement of Thompson Creek’s sixth and seventh shipments from the Mount Milligan mine and about 6,700 ounces upon provisional payment with respect to Thompson Creek’s tenth, eleventh and twelfth shipments.
Royal Gold, Inc. (NASDAQ:RGLD), together with its auxiliaries, attains and manages precious metals royalties, metal streams, and similar interests. It focuses on acquiring royalty interests or to finance projects that are in production or in development stage in exchange for royalty interests.
Midway Gold, (NYSE:MDW), declined 2.63% to $0.74, on Friday, as a result of a review by the British Columbia Securities Commission that Midway is issuing this press release to offer clarification pertaining to the formerly declared resource growth at the Company’s Spring Valley Project, Pershing County, Nevada. On August 12, 2014, the Company issued a press release, which comprised of statements in relation to the updated resource estimate, which were based on a sensitivity case rather than the base case.
Midway Gold, (NYSE:MDW), is a precious metals company with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while assuring return on shareholder investments.
