Key News Overnight:
Most U.S. stocks rose as the S&P edged out a gain, while the Nasdaq closed within 0.1% of an all-time high. Chipmakers stocks rallied as the Philadelphia Semiconductor Index hit a record high with Qualcomm surging 23% after reaching an agreement with Apple.
Vale SA received authorization from a Brazilian judge to resume the use of three tailings dams at a large iron ore mine, a major step toward restoring part of the production it halted after a fatal dam burst in January at a separate project.
Oil extended its gains after an industry report was said to find an unexpected drop in U.S. inventories last week, bolstering the picture of a tightening crude market.
Zinc posted its biggest loss in eight months, under pressure from rebounding stockpiles. Most other base metals also fell as the dollar advanced and a U.S. report added to signs of headwinds for manufacturing.
Gold futures fell to the lowest since December as the dollar advanced and global stocks rose, curbing demand for safe haven assets.
In This Issue:
Gold Road Resources (GOR) | Gruyere Project update | BUY | Analyst | James Wilson
West African Resources (WAF) | Optimised and Optimistic Feasibility | BUY | Analyst | James Wilson
Evolution Mining (EVN) | Quarterly Report | BUY | Analyst | James Wilson
Saracen Mineral Holdings (SAR) | March Q results | HOLD | Analyst | Matthew Keane
West African Resources (WAF), OZ Minerals (OZL), Pantoro Ltd (PNR)