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Saudi Manara Minerals’ team in Pakistan for talks on Reko Diq mine stake, document shows

ISLAMABAD: Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about...

Updated 06 May, 2024 10:13pm

World

Saudi mining company Maaden finds new gold deposits

DUBAI: Saudi Arabian Mining Company (Maaden) said on Thursday it had discovered multiple gold deposits south of its...

Published 29 Dec, 2023 02:58am

Business & Finance

Pakistan drawing Saudi interest in Reko Diq

ISLAMABAD: Saudi Arabia has shown interest in acquiring government stakes in Pakistan’s Reko Diq gold and copper...

Published 15 Nov, 2023 06:09am

World

Gold mine fire in Peru kills 27

LIMA: A fire in a small gold mine in southern Peru has left 27 people dead, authorities said on Sunday, in the...

Published 08 May, 2023 07:08am

World

12 women killed by landslide in Indonesia gold mine

MEDAN: Twelve women working in an illegal gold mine in Indonesia’s North Sumatra province were killed when a cliff...

Published 29 Apr, 2022 09:46am

World

Kyrgyzstan set to complete seizure of Canada-run gold mine

BISHKEK: Kyrgyzstan said Wednesday that it had launched the process of kicking out its largest foreign investor,...

Published 12 Aug, 2021 04:34am

Markets

US MIDDAY: Gold falls

NEW YORK: Gold fell on Tuesday as the dollar firmed and as markets weighed the chances that the US Federal Reserve...

Published 16 Jun, 2021 03:39am

Markets

US MIDDAY: Gold range-bound

NEW YORK: Gold held in a tight range on Wednesday as investors looked forward to US inflation data that could shape...

Published 10 Jun, 2021 03:22am

Business & Finance

Barrick CEO hopes Papua New Guinea gold mine will restart this year

Under an agreement reached in April, the PNG government took a 51% share in the mine, ending a year-long standoff with operator Barrick Niugini Limited (BNL), whose lease Marape had refused to renew.

Published 04 Jun, 2021 06:56pm

Business & Finance

Ghana's gold sector sees biggest output drop since 2004

Gold production by Ghana's large-scale mines fell 4.8% to 2.8 million ounces in 2020, while the small-scale gold sector was more heavily impacted as the pandemic disrupted supply chains.

Published 04 Jun, 2021 06:48pm

Markets

Gold races past $1,800/oz as bond yields, dollar retreat

Focus on Friday's US monthly jobs report.
Gold hits $1,815.80/oz, a high since Feb. 16.
Silver jumps over 3%.

Published 06 May, 2021 08:59pm

Markets

Gold gains as US dollar, bond yields pull back; BoE eyed

Dollar eases off two-week peak.
Palladium slips from record highs.

Published 06 May, 2021 05:20pm

Business & Finance

Gold miner Newmont's profit disappoints as pandemic hits output

Although massive stimulus measures and pandemic-led uncertainties have boosted prices of gold, COVID-19 curbs and increased costs related to ramping up sites have affected Newmont's bottomline.
Average realized price for gold jumped 10% to $1,751 per ounce in the quarter, as production fell 1.4% to 1.46 million ounces due to the sale of its Red Lake mine in Canada and virus-related disruptions at its Cerro Negro mine in Argentina.

Published 29 Apr, 2021 06:00pm

Markets

US MIDDAY: Gold gains

NEW YORK: Gold prices rose on Tuesday as a drop in US Treasury yields lifted the non-yielding precious metal’s...

Published 21 Apr, 2021 03:21am

Business & Finance

Alamos Gold's units to file $1bn investment treaty claim against Turkey

Alamos, which has had an active presence in Turkey since 2010, said the claim that will be filed under the Netherlands-Turkey Bilateral Investment Treaty represents the value of the its Turkish assets.
The Canadian miner had halted construction work at its Kirazli project in western Turkey in October 2019, after the mining concessions expired and amid protests against the project.

Published 20 Apr, 2021 05:27pm

Business & Finance

Papua New Guinea wins majority stake in Barrick-Zijin gold mine

PNG to take 51% of Porgera mine, Barrick-Zijin JV to take 49%.
Both parties working on definitive terms before restart.
Mine is expected to resume operations this year - Zijin filing.

Published 09 Apr, 2021 05:50pm

Business & Finance

Barrick Gold nears agreement to reopen Porgera mine

However, Marape said in October that Barrick Niugini Limited (BNL) was set to remain operator of the Porgera gold mine following talks with Barrick CEO Mark Bristow.
BNL is a joint venture company in which Barrick and Zijin Mining Group each own 50%.

Published 05 Apr, 2021 09:08pm

Markets

China's net gold imports via Hong Kong steady in February

Net gold imports via Hong Kong to China, the world's top consumer of the metal, fell 0.2% to 4.192 tonnes in February, compared with 4.2 tonnes in January, the data showed.
"Import is still restricted. There were no quotas issued by People's Bank of China (PBOC) in February," Bernard Sin, Regional Director, Greater China at MKS Switzerland, said.

Published 25 Mar, 2021 09:00pm

Markets

Gold slips from more than two-week peak as US yields surge

US Treasury yields scale 14-month peak.
Palladium at more than one-year high.

Published 18 Mar, 2021 05:16pm

Markets

US MIDDAY: Gold eases

NEW YORK: Gold prices fell on Wednesday, weakened by elevated US bond yields and a firmer dollar, as markets turned...

Published 18 Mar, 2021 03:56am

Markets

Gold prices drop

KARACHI: Gold prices on Thursday saw a drop on the local market, traders said. After a slight decline of Rs350, the...

Published 26 Feb, 2021 05:20am

Markets

Gold holds in tight range in Europe

ROTTERDAM: Gold edged higher on Wednesday on a weaker dollar but the metal held in a tight range as investors...

Published 25 Feb, 2021 04:58am

Markets

US MIDDAY: Gold jumps 1.5pc

NEW YORK: Gold rose more than 1.5% to a near one-week high on Monday, despite a jump in US Treasury yields, as...

Published 23 Feb, 2021 05:20am

Markets

Gold edges up as dollar and Treasury yields ease

Investors favour other assets to hedge inflation –analyst.
US Fed officials prepared to keep monetary policy easy.

Published 18 Feb, 2021 08:43pm

Business & Finance

Kibali's $500mn should be cleared to leave Congo next month

The gold miner has been in discussions with Democratic Republic of Congo over how to get the money out for more than a year.
With the new government now we're pretty sure that that blockage will be unblocked and we'll be able to go back to normal activities.

Published 18 Feb, 2021 07:39pm

Markets

Gold steadies as dollar pauses; platinum set for over 10pc weekly gain

Platinum likely to see some consolidation – analyst.
Dollar set for its biggest weekly fall in eight weeks.
Silver to benefit from industrial demand recovery – analysts.

Published 12 Feb, 2021 09:54pm

Markets

Gold hits one-week high as dollar slides, platinum extends gains

Dollar falls to a more than one-week low.
Investors eye Fed Chair Jerome Powell's speech on Wednesday.
Strong investment demand to push platinum into deficit-UBS.

Updated 09 Feb, 2021 11:32pm

Markets

Gold rises as investors focus on big US stimulus bets

10-year Treasury yields hover near highest since March.
Spot gold rose 0.8% to $1,825.69 per ounce.
The metal continues to be pulled and tugged by conflicting force.

Published 08 Feb, 2021 08:29pm

Markets

Gold, silver ease as dollar holds firm near 2-month peak

Spot gold dropped 0.6% to $1,822.01 per ounce by 0330 GMT. US gold futures fell 0.6% to $1,823.90.

Published 04 Feb, 2021 10:14am

Markets

Russia's gold production down 7% y/y to 314 T in Jan-Nov

The country also produced 873.90 tonnes of silver during the first 11 months of the year.

Published 26 Jan, 2021 02:29pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 22	278.62
USD PKR Interbank Buying / May 22	278.42
USD to Japanese Yen / May 22	156.82
USD to Swiss Franc / May 22	0.92
Pound Sterling to USD / May 22	1.27
Euro to USD / May 22	1.08

Stock	Volume
S&P 500 / May 22	5307.01
India Sensex / May 22	74221.06
Tokyo Nikkei / May 22	38876.82
Nasdaq / May 22	16801.54
Hang Seng / May 22	19024.41
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20

Item	Value
Crude Oil USD/Barrel / May 22	76.88
Karachi Cotton PKR/37.32 KG / May 22	19935
Gold 10 Grams PKR / May 22	212791
Gold Spot USD/Ounce / May 22	2371.48
Cotton US¢/pound / May 22	79
Petrol/Litre / May 23	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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