Report
Roger Bade
EUR 57.00 For Business Accounts Only

Sector Overview - All eyes on the State of the Union and the Federal Reserve

Precious metals prices fell as the US dollar rallied ahead of the State of the Union Address and the Federal Reserve meeting.

Although sterling fell, the local gold price still slipped nearly five pounds per ounce (£/oz) to just over £950/oz. The dollar price fell nearly fifteen dollars/oz, as did platinum to $1,335/oz and just under $1,000/oz respectively. Silver fell nearly thirty cents/oz to almost $17.10/oz and palladium slipped by more than $5/oz to just under $1,085/oz.
Underlyings
Goldplat

Goldplat is engaged in the production of gold and other precious metals, by processing by-products of the mining industry as well as mining itself. Co.'s operating businesses are based in Africa. Co.'s primary operating base is situated near Benoni on the East Rand gold field in South Africa. As well as producing gold, silver and platinum group metals from the by-products of the mining industry, support for other Co.'s operating subsidiary companies is provided from Benoni. As of June 30 2017, Co.'s Ghana operation based in the Freeport of Tema was in the process of being developed into a processing hub to service gold producing clients internationally.

Petropavlovsk PLC

Petropavlovsk is engaged in the mining of precious and non-precious metals which require it to hold licences which permit it to explore and mine in particular areas in Russia. Co.'s reportable segments, which are aligned with its operating locations, are Pokrovskiy, Pioneer, Malomir and Albyn hard-rock gold mines which are engaged in gold and silver production as well as field exploration and mine development.

Phoenix Global Mining

Phoenix Global Mining is a private resource company incorporated in the British Virgin Islands. Co. is focused on the evaluation and development of mineral properties on an international scale. Co. holds an 80% interest in the Empire Mine Project through a series of agreements with ExGen Resources Inc. The Empire Mine is located in the Alder Creek Mining District in Custer County, central Idaho, approximately 5.5 km southwest of the town of Mackay and consists of 55 contiguous mining claims that are divided in to the Honolulu Copper group and the Mackay group.

Provider
Whitman Howard
Whitman Howard

Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.

The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.

Analysts
Roger Bade

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