It's been a decade since the Argentinian government last polled its mining sector but this week some results from a census carried out in 2106 were made public.According to the document the National Institute of Statistics and Census made available online, over 1,500 mining companies were operating in the South American country in 2016. Their extractive activities generated $1,329 million while th...Read More
Researchers at Vanderbilt University in the U.S. have developed a technique that allows gold to actually 'shine' inside 3D printed parts to highlight any problems.The scientists used particles of gold that are 100,000 times thinner than a human hair and that show up as a deep maroon colour. The elements were embedded inside printing material to see whether it could help flag defects.The process in...Read More
Researchers at Vanderbilt University in the U.S. have developed a technique that allows gold to actually 'shine' inside 3D printed parts to highlight any problems.The scientists used particles of gold that are 100,000 times thinner than a human hair and that show up as a deep maroon colour. The elements were embedded inside printing material to see whether it could help flag defects.The process in...Read More
Mining stocks are hot property at the moment, with materials making up one-half of a global market-saving tag team alongside financials right now. If you're looking to buy mining stocks in 2018, however, you want to be very sure that they have good value. As minerals and precious metals stocks tend not to pay dividends, your profits will be coming from future capital gains that will have survived...Read More
With a rising U.S. dollar, gold has started to fall in recent weeks. The retreat has driven a lot of gold-related stocks down, making them more attractive for investors wishing to add some to their portfolios. The global trade tensions and economic uncertainty often lead some investors to believe that gold may be an effective hedge if things really start to go south. There are many ways to hold go...Read More
Every month Government, corporate and household debt hits a new all-time high. The entire financial system is heading down an unsustainable path of debt issuance. The delinquency rate for auto and credit card debt is already at levels last seen in late 2008. The only reason the banks are not on the ropes - yet - is because they are still sitting on most of the liquidity the Fed injected into the b...Read More
A landslide killed at least 15 people in northern Myanmar on Saturday, with 45 others injured after the latest disaster in the Hpakant jade mining region, a local official said.Miners searching for the precious mineral were buried by muddy earth from a slope that collapsed, said Kyaw Swar Aung, the administrator of Hpakant, in the northern Kachin state.The search in the area of Lone Khin was calle...Read More
Experts across the industry said we could soon hit 'peak gold' - the point at which gold discoveries start to decline as there are no more new resources to discover.Read full newsRead More
ASANKO Gold, the Toronto-listed gold producer in which South African firm, Gold Fields, is concluding a $202m joint venture, said it had achieved the upper end of production guidance for the first half of its financial year, equal to some 101,731 ounces. It had forecast a range of 90,000 oz to 100,000 oz for theRead full newsRead More
Indonesia will take a controlling stake in one of the world's biggest gold and copper mines for $3.85 billion, the government said Thursday, as it moves to claw back control of the country's vast natural resources.The agreement requires US-based Freeport-McMoRan to cede its ownership stake,Read full newsRead More
In a nearly unprecedented move, Romania changed course on a bid to protect a site containing rare archeological artifacts.Read full newsRead More
CIU and SGDM saw massive trading volumes in last session.Read full newsRead More
CloseGain/LossOn WeekGold $1241.60-$5.50-1.08%Silver$15.80-$0.14-1.43%XAU80.43-0.84%-3.96%HUI173.52-0.74%-3.18%GDM612.68-0.68%-3.18%JSE Gold1030.27-25.72-4.84%USD94.72-0.06+0.76%Euro116.84+0.11-0.56%Yen89.01+0.12-1.70%Oil$71.01+$0.68-3.78%10-Year2.833%-0.016+0.32%Bond145.75+0.46875+0.06%Dow25019.41+0.38%+2.30%Nasdaq7825.98+0.03%+1.79%S&P2801.31+0.11%+1.50% The Metals: Gold dropped $10.30 t...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort214,310132,87670,367165,561265,955450,238469,198Change from Prior Reporting Period 3,82772010,702-7,356-1127,17311,310Traders17889955147272193 Small Speculators (C) GoldSeek.com LongShortOpen Interest 53,35534,395503,593 2,256-1,8819,429 non reportable positionsChange from the...Read More
by John Stepek of Money WeekIf you hadn't realised by now, Donald Trump is seriousThe copper price is sliding.Chinese stocks are sliding.Oil tanked by 7% at one point yesterday.It does all rather suggest that maybe investors are really starting to worry about the burgeoning global trade war, and its impact on global growth.And they'd be right to.First things first. If you didn't realise it alrea...Read More
South Africa's top gold producers and mining unions have come together to begin wage negotiations for the country's laborers in the gold mining industry.Read full newsRead More
Metallis Resources Inc (TSXV:MTS) (OTCQB:MTLFF) ("Metallis" or the "Company") is pleased to announce that the Company has commenced trading on the OTCQB Venture Market under the symbol MTLFF, effective at the market open on July 13, 2018.Read full newsRead More
South America-focused Miramont Resources Corp. (CSE: MONT) announced that it has entered into an option agreement to acquire the rights to the Milenos 32 concession adjacent to its Cerro Hermoso project in Peru. With this acquisition, the combined area of the project has increased to 1,318 hectares. Cerro Hermoso is located in the southern Puno region, 60 kilometres from the city of Juliaca and 5...Read More
South America-focused Miramont Resources Corp. (CSE: MONT) announced that it has entered into an option agreement to acquire the rights to the Milenos 32 concession adjacent to its Cerro Hermoso project in Peru. With this acquisition, the combined area of the project has increased to 1,318 hectares. Cerro Hermoso is located in the southern Puno region, 60 kilometres from the city of Juliaca and 5...Read More
Opinion piece by Andy Home for Reuters.Aluminium hasn't escaped the broader industrial metals rout.The London Metal Exchange (LME) aluminium price has on Friday morning touched $2,021.50 per tonne, its lowest level since April.The "Russian Premium", which resulted from the April 6 imposition of U.S. sanctions on Oleg Deripaska and his Russian aluminium empire Rusal, has been fully unwound.The mark...Read More