Gold and Silver Updates


Three issues you have to know within the monetary markets this morning from funding author, Tony Cross.


Ferguson [LON:FERG] has this morning introduced {that a} personal fairness purchaser has been discovered for its Wolseley operations within the UK. There had been discuss of a demerger, however given the present financial local weather, the deal which is price US$420m was clearly seen as the higher possibility. The division is reported as having generated slightly below $1900m of revenues for the final monetary 12 months and a buying and selling revenue of $8m. Future pension liabilities have nevertheless been retained by Ferguson.

ITM Energy

It’s slim pickings on the primary day again after the Christmas break so trying past the principle board and over at AIM, ITM Energy [LON:ITM] – which now has a formidable market cap of shut on £3bn – has this morning up to date that the match out of the corporate’s ‘Gigafactory’ has reached handover level, with solely minor COVID-19 delays. The corporate additionally advises that interim outcomes might be printed on January 28th, though with the share value having already doubled over the past two months, can the momentum be sustained?

Nice Western Mining

Once more on the AIM board, Nice Western Mining [LON:GWMO] has confirmed this morning that the primary silver and gold has been poured from its web site in Nevada. There’s no element but as to the standard of the output however the word talks up prospects of recent mineral seams which it could faucet. Maybe one to observe, given the underwhelming efficiency of the share value over the past two years.

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