B2Gold Corp.(TSX: BTO, NYSE American: BTG, NSX: B2G) says an expansion study points to alonger life for the El Limon Mine in Nicaragua, and the company also renewed atwo-year collective bargaining agreement with labor unions. The study evaluatedthe life-of-mine options for combining the remaining underground inferred mineralresources with the new El Limon central zone open-pit inferred mineralreso...Read More
Yimou Lee, Idrees Ali, Phil StewartTAIPEI/WASHINGTON (Reuters) - The United States sent two warships through the Taiwan Strait on Monday in the second such operation this year, as the U.S. military increases the frequency of transits through the strategic waterway despite opposition from China.The voyage risks further heightening tensions with China but will likely be viewed in self-ruled Taiwan a...Read More
WASHINGTON (Reuters) - A U.S. withdrawal from a Cold War-era nuclear arms treaty with Russia could give the Pentagon new options to counter Chinese missile advances but experts warn the ensuing arms race could greatly escalate tensions in the Asia-Pacific.U.S. officials have been warning for years that the United States was being put at a disadvantage by China’s development of increasingly s...Read More
Marc JonesLONDON (Reuters) - World shares slid towards their lowest level in a year on Tuesday, as negative drivers from fatigued earnings and Saudi Arabia’s diplomatic isolation to a brewing spat over Italy’s finances piled on the pressure.Wall Street looked set to for another jolt lower when it reopens [.N] but it was heavy selloffs in both Asia and Europe [.SS][.T], which was headin...Read More
NA NONG BONG, Thailand (Thomson Reuters Foundation) - They came in the night - about 150 men wearing masks and wielding sticks, knives and guns who swarmed the village of Na Nong Bong in Thailand’s northeastern province of Loei, firing into the air while threatening and beating residents.For several hours, villagers cowered in terror, fearing for their lives as the armed men subdued them and...Read More
ANKARA (Reuters) - Turkish President Tayyip Erdogan on Tuesday dismissed attempts by Riyadh to blame Jamal Khashoggi’s “savage” killing on rogue operatives, saying the person who ordered the death of the prominent Saudi journalist must “be brought to account”.In a speech to parliament about a case that has sparked outrage around the globe, Erdogan did not mention Crow...Read More
Arianne Phosphate Inc. has been halted at 5:23 a.m. PT on Oct. 23, 2018, at the company's request, pending news.© 2018 Canjex Publishing Ltd. All rights reserved.Read More
(Kitco News)- Hecla Mining Co. (NYSE:HL) met its expectations for third-quarter output of 2.5 million silver ouncesand 72,995 gold ounces, the company said Tuesday.The preliminaryconsolidated silver output was a 24% decline from the same period of 2017, withoutput at the Greens Creek Mine falling by 467,899 ounces, which the companyblamed on lower ore grades and milled tonnage asa result of mine...Read More
The bull market could be nearing its end, and a new panic is approaching.The U.S. Mint just issued a troubling report.It appears that sales of physical gold and silver are in full collapse.At the Mint, U.S. Gold Eagle coins sold through August have dropped 18% compared to last year.And sales of U.S. Silver Eagle coins fell a whopping 32.6% in August 2018 compared to August 2017.What exactly is go...Read More
(Kitco News) - Gold prices aresolidly higher and have hit a nearly three-month high in early U.S. tradingTuesday, boosted by safe-haven demand amid keener geopolitical uncertainty inthe marketplace. December gold futures were last up $17.20 an ounce at $1,241.70.December Comex silver was last up $0.223 at $14.805 an ounce. Buckleyour seat belts today, folks. Global stock markets were mostly lower...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Here we go again. After two weeksof consolidation, gold is trying to break out to the upside, $13 higher and sittingat resistance. This action was expected; big breakouts are typical out of thecongestion pattern.The bigger question is where doesgold from here? The key level is now $1,240, as a break above brings $1,275into play. With the global tension and markets selling off, money is lookingfor...Read More
(Kitco News)- Just returned from an investment conference in Bermuda,where the mood among some of the biggest names in the industry was definitelybullish. To be taken in context, most players in the metals space are generallyneutral in a worst-case scenario but almost always bullish albeit sometimeswith the caveat “if you are a long-term investor”. Metals dealers do not makemoney telli...Read More
Under-the-radar moving averages can provide unexpected support on pullbacksThe disappearance of journalist Jamal Khashoggi has cast a distinctly unwelcome spotlight onto the Kingdom of Saudi Arabia, as the international community grapples with the political, economic, and moral implications of Khashoggi's fateful Oct. 2 visit to the Saudi consulate in Istanbul. While the U.S. has yet to respond fo...Read More
Shares in Caterpillar (NYSE: CAT), the world's no.1 heavy machinery maker, fell more than 7% in pre-market trading Tuesday, despite the company beating earnings estimates for the tenth time in a row.The stock lost as much as $9.76 by 8:48 a.m. EST, dropping to $118.95, after closing at $128.71 on Monday, the lowest so far this year. The drop followed the mining and construction equipment manufact...Read More
(Adds shares, details, background)STOCKHOLM, Oct 23 (Reuters) - Sweden's Sandvik said on Tuesday order intake had improved significantly andbroadly with stable activity also seen in an automotive industryhit by recent wobbles as it posted quarterly core earnings justahead of forecast.Worries over slowing global growth has hit the industrialstocks in recent months in the wake of weakening purchasin...Read More
ANKARA, Oct 23 (Reuters) - Turkey's ruling AK Party will notform an alliance with the nationalist party for the 2019 localelections, but cooperation between the two parties willcontinue, President Tayyip Erdogan said on Tuesday, after thenationalists pulled out of the alliance earlier.Erdogan's AK Party and the Nationalist Movement Party (MHP)formed an alliance ahead of June elections, but have si...Read More
* Gold hits highest since July 17 * Palladium hits record high * EU executive rejects Italian 2019 draft budget(Updates throughout, adds quotes, prices, details)By Swati VermaBENGALURU, Oct 23 (Reuters) - Gold jumped 1 percent to amore than three-month peak on Tuesday, with investors spurred onby a slide in global equities and rising political and economicuncertainty, including concerns over Italy...Read More
$200 million revolving line of credit is undrawn at quarter endCompany Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced certain preliminary results ? for the third quarter of 2018.HIGHLIGHTSSilver production of 2.5 million ounces, and gold production of 72,995 ounces.Silver equivalent production of 10.9 million ounces or gold...Read More
Gold is trapped in a narrow range of $1,220 to $1,230, as the bulls are likely having a breather, having pushed the metal to a 2.5-month high of $1,233 last week. Also, the consolidation is happening in the positive zone above the six-month-long falling trendline. It is worth noting that the trendline hurdle was breached last week. A break above $1,230 (upper edge of the range) would signal a rev...Read More