Proven and probable mineral reserves cites 1.01 million ounces of gold and 248 million lbs of copperCompany receives assessment for a pre-tax NPV of $323 million and IRR of 39.4%Management call replay is now availableCHEYENNE, Wyo., Dec. 2, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) ("U.S. Gold" or the "Company"), a gold exploration and development company, is providing direct access to...Read More
Company Provides Updates on Fast-Track Development Plan ProgressCHEYENNE, Wyo., Dec. 1, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) ("U.S. Gold" or the "Company"), a gold exploration and development company, is pleased to announce that it has completed the prefeasibility study ("PFS") for the Company's CK Gold Project and has published its SK-1300 Technical Report Summary.Prefeasibility...Read More
Management Team to Host Call on Wednesday, December 1, 2021 at 11 a.m. ETCHEYENNE, Wyo., Nov. 24, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, will host a conference call webcast on Wednesday, December 1, 2021 at 11:00 a.m. ET to update investors on recent developments of its mining assets and to discuss plans and objectives looking forward in...Read More
Gold and silver prices edged lower after a breakout on Wednesday. The US dollar continues to move lower, which provided some support for the yellow metal. However, U.S. Treasury yields declined following a softer than expected U.S. PPI figure. The wholesale price inflation numbers follow stronger than expected consumer price index data this week. Gold has struggled to break and retain above the $...Read More
ELKO, Nev., Nov. 22, 2021 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, today announced it will be featured as a presenting company at the H.C. Wainwright Mining Conference. The conference is being held virtually from November 30 - December 1, 2021.Edward Karr, founder of U.S. Gold Corp., will provide an overview of the Company's busin...Read More
Adam HamiltonArchivesNov 19, 2021 The mid-tier and junior gold miners in their sector's sweet spot for upside potential have been powering higher recently. They've blasted to several major breakouts after getting bombed out during gold-futures speculators' taper tantrum on Fed-tightening fears last summer. These smaller gold miners just finished their Q3'21 earnings season, revealing whether their...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Metals Focus, a leading independent precious metals research consultancy, estimated that gold jewelry market in the United States has remained robust through 2021, despite the slump in consumer confide...Read More
(Kitco News) According to analysts, with all eyes on the U.S. President Joe Biden's Federal Reserve Chair pick, gold is waiting for its next catalyst to take it to $1,900 an ounce, with markets eyeing year-end volatility.Gold is wrapping up this trading week down 1%, with December Comex gold futures last trading at $1,848.60, down 0.69% on the day.One of the main events the market is watching very...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - According to data by the Australian Government Department of Industry, Science, Energy and Resources (DISER), in 2021, world gold supply is forecast to increase by 2.7% to 4,840 tonnes, driven by highe...Read More
(Kitco News) - Although many Wall Street analysts expect gold prices to remainabove their breakout levels, sentiment has fallen from last week as theprecious metal is likely to consolidate in the near term.The gold prices didn't see much follow-through following theprevious week's breakout rally. However, many analysts have said that they areencouraged because prices have held well above critical...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Russian bank VEB.RF (VEB) announced today the signing of a loan agreement with the Uzbek Almalyk Mining and Metallurgical Plant JSC (AMMC), pursuant to which VEB will provide a loan to AMMC in the amou...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Centerra Gold (TSX: CG) (NYSE: CGAU) reported today that due to the recent heavy rain, flooding and mudslides in British Columbia, rail service between the Vancouver west coast terminals and the compan...Read More
WASHINGTON, Nov 19 (Reuters) - President Joe Biden's $1.75 trillion bill to bolster the social safety net and fight climate change passed the U.S. House of Representatives on Friday, sending it to the Senate where negotiations will continue.The House passed the measure in a 220-213 vote, which was postponed after an overnight speech by the chamber's top Republican opposing the measure.Its fate is...Read More
Inflation has been building for many months, said Thorsten Polleit, chief economist at Degussa.In November Polleit spoke to Kitco at the Deutsche Goldmesse show in Frankfurt, Germany.Last week the the U.S. Labor Department said headline inflation rose 6.2%, the largest yearly increase in headline inflation since November 1990.The Biden administration and Fed officials have stated that inflationary...Read More
Mr. Michael Spreadborough reportsNOVO COMMENCES 15,000 M RC DRILLING PROGRAM AT THE PARNELL-VULTURE TREND AT NULLAGINE Novo Resources Corp. has provided an update on brownfields exploration programs focusing on oxide opportunities at its highly prospective Nullagine gold project. The Parnell and Vulture reverse circulation programs are part of the NGP exploration program ramp-up, with forward prog...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollar prices are nearsteady in early U.S. trading Friday, after hitting a five-week low overnight. Aprice uptrend?, on the daily bar chart hasnow been negated. That?? EUR (TM)s bearish...Read More
One thing we know for absolute certainty: trading is difficult. We have challenges everywhere, from opinions that control our trades to lousy trading conditions and emotions. These are the facts traders battle every day, the biggest being their emotions.Based on our algorithms and what we can see as traders, the trend is higher in gold, silver and platinum. However, we can also see the sellers try...Read More
Last weekwas pivotal for the precious metal's complex, with the gold price breakingthrough key resistance at $1840. Inside of a run that saw the safe-haven metalmove higher on seven consecutive trading sessions, it was last Wednesday'sprice action that finally broke this level, closing the session on a strongmove higher with excellent volume. Afterpassing the $1,840, which was also downtrend line...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Goldprices are modestly higher in early U.S. trading Friday, as some keeneruncertainty has entered the marketplace late this week, to support the safe-havenmetal. However, a slumping crude oil market is...Read More
Mr. John Mirko reportsROKMASTER REPORTS ON REVEL RIDGE METALLURGICAL GOLD FLOWSHEET DEVELOPMENT IN CONJUNCTION WITH ENVIROMETAL TECHNOLOGIES INC.Rokmaster Resources Corp. has provided test results of the current work program on the gold-dominant mineralization from the Revel Ridge property located in southeastern British Columbia. The company's recent test program was part of the continuing assess...Read More