December 3, 2018Recent market and economic developments are positive for Gold and precious metals but conditions are not bullish yet.Bullish conditions and bullish fundamentals would be highlighted by a shift in Fed policy. They aren't shifting yet. They are slowing, which precedes a shift.From a market standpoint, we need to see strength in Gold in real terms (against stocks and foreign currencie...Read More
The year 2018 has been a bad one for silver investors and miners. The precious metal, which is renowned for its conductive qualities, has plunged by around 16% since the start of 2018 to be trading at US$14.50 per ounce. This has hit primary silver miners hard, with the Global X Silver Miner's ETF crashing by 27% for that period.One miner that's been heavily marked down by the market is Fortuna Si...Read More
The market is already fading quickly from the turbo-boost it was given by the announcement that China and Trump reached a "truce" on Trump's Trade War - whatever "truce" means. Last week the stock market opened red or deeply red on several days, only to be saved by a combination of the repetitious good cop/bad bad cop routine between Trump and Kudlow with regard to the potential for a trade...Read More
Greatland's share price spiked last month after it reported a drill hit of 275m at 4.77g/...Read More
The company said "significant improvement in graphite recoveries and consistently high product quality" has been achieved post resumption of production early in November following a fire in October.As such it was "on track" to achieve full-year 2018 production target of 101,000-106,000t of graphite concentrate.At full speed the operation should be producing about 350,000t per annum based on feasib...Read More
The view north downslope from the old Lone Star Mine at the Lone Star Zone. Source: Klondike Gold Corp.Klondike Gold Corp. [KG-TSXV] on Monday December 3 reported assay results from another nine drill holes on the Lone Star Zone at its flagship Klondike District property near Dawson City, Yukon. The company said 87 holes were drilled in 2018. So far, final assay results have been received and rele...Read More
The Laiva deposit is located in Raahe, Finland and is one of the largest gold resources in the region. The mine is a conventional open pit mine with 2 pits. Source: Nordic Gold Corp.Nordic Gold Corp. [NOR-TSXV] has kickstarted Europe's newest gold mine. The company said Monday December 3 that it has completed the first gold pour at its 100%-owned Laiva Mine near Raahe, Finland. A total of 1,234 ou...Read More
Melior Resources Inc. (TSXV: MLR) is the owner and operator of the Goondicum ilmenite mine, a past-producing ilmenite and apatite mine, strategically located in Queensland Australia. We learned from Mark McCauley, Director and CEO of Melior Resources, that they have completed the restart program at Goondicum on time and on budget. As of early November, they have moved from the construction phase i...Read More
Ascot Resources Ltd (TSX.V: AOT; OTCQX: AOTVF) is a gold and silver focused exploration company, with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. The company's flagship Premier Project is a near-term, high-grade, advanced exploration project, with large upside potential. We learned from Derek White, President and CEO of Ascot Resources, that s...Read More
The industrial action in protest of retrenchments at the operation has been ongoing for four weeks, with Gold Fields offering increased severance payments and better portable skills training opportunities for retrenched employees as part of a potential settlement.It also offered to extend the period over which wages lost by striking employees would be forfeited.The offer, which was developed in co...Read More
U.S. markets surged in the trading week with a revised North American trade pact. The U.S.-Mexico-Canada (USMCA) agreement, signed on Nov. 30, replaces the 24-year-old North American Free Trade Agreement. The Dow Jones Industrial Average jumped 5.16% to 25,538.46 and the S&P 500 Index rose 4.85% to finish at 2,760.17.An upward guidance revision for its Fosterville mine in Australia propelled Kirkl...Read More
On Nov. 30, Burkina Faso government security forces were attacked on the road between Semafo's (TSX: SMF) Fada and Boungou mine, about 40 km away, leaving four gendarmes and a driver dead.No Semafo employees were involved, "but senior management continues its discussions with the government regarding the security of the public road," the company states in a press release on December 3.John Jentz,...Read More
Infill drilling in the southwestern part of the Marathon gold deposit in Newfoundland continues to return high-grade gold intercepts, Marathon Gold (TSX: MOZ) reports.The company recently completed its 41,000-metre stepout and infill drill program for 2018, and assays include 5.36 grams gold over 11 metres from 26 metres below surface in hole 18-330; 3.63 grams gold over 10 metres from 134 metre...Read More
A Greek court has acquitted 21 people accused of raiding prospective gold mining facilities in the north of the country, which many local residents strongly oppose on environmental groundsRead full newsRead More
BRIEF-Kirkland Lake Gold Increases Fosterville Mine's 2018 Produ:BRIEF-Kirkland Lake Gold Increases Fosterville Mine's 2018 Production Outlook To Over 330,000 OuncesRead full newsRead More
A Greek court has acquitted 21 people accused of raiding prospective gold mining facilities in the north of the country, which many local residents strongly oppose on environmental groundsRead full newsRead More
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