Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Former New York City Mayor Michael Bloomberg said Tuesday he will not seek the Democratic presidential nomination in 2020Continue...Read More
China's domestic rebar prices lost their upward momentum on Tuesday March 5 amid declining futures, while trading activity also thinned. Domestic Eastern China (Shanghai): 3,800-3,840 yuan ($567-573) per tonne, narrowed downward by 20 yuan per tonneNorthern China (Beijing): 3,800-3,830 yuan per tonne, down 20-30 yuan per tonneDeclining futures led sellers to lower their prices in the morning. The...Read More
If you receive your news via Donald Trump tweet, or courtesy of proclamations by Larry Kudlow, you'd be forgiven for eagerly anticipating a groundbreaking U.S.-China trade deal Continue...Read More
Today there are numerous studies on asteroid mining. They elaborate on selecting the right objects, prospecting Continue...Read More
The recent rally showed quite a bit of promise. Gold stocks surged past their long-term moving averages while breadthContinue...Read More
Resource development, a principal economic driver of the Northwest Territories' (NWT) economy, is getting a $5.1 million boost in federal funding.The Government of Canada is investing in two projects that will support resource development in the Slave Geological Province (SGP), an area where the territory's three operating diamond mines are located.New mining projects are expected to inject n...Read More
Antioquia Gold of Calgary has announced the successful start of production at its Cisneros gold mine 80 km northeast of Medellin, in Antioquia. Commissioning the mill began two months ago and has now reached the planned commercial rate of 500 t/d.The mineralized material fed to the mill during the ramp up was obtained from the stockpile of development ore from the Guayabito and Guaico veins. That...Read More
Nickel demand is set to outstrip supply as soon as 2023, Amur Minerals chief executive officer Robin Young told Fastmarkets in an interview on Wednesday February 27. The junior mining company owns the Russia-based Kun-Manie project, the world's largest Asia-adjacent unexploited nickel deposit, home to an estimated 1.2 million tonnes of mineable nickel ore. And if nickel demand outstrips supply as...Read More
The Explorer Challenge is on for explorationists from around the world to find new targets at the Mount Woods tenements of the Prominent Hill copper-gold project.This is a crowdsourced challenge offered by OZ Minerals to peruse over two terabytes of their project data and pinpoint the most promising drill targets. The contest runs until the end of May 2019 with the top targets to be drilled later...Read More
Toronto-based junior Euro Sun Mining's (TSX: ESM) stock jumped over 20% on Tuesday after the company announced a non-brokered private placement financing of up to 10m units for gross proceeds of up to C$3 million.Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of C$0.50 for a period of 24 months from issuance.The Rovina Valley Project...Read More
Barrick Gold Corp's top shareholder said on Tuesday the miner should focus on striking a joint venture deal in Nevada with rival Newmont Mining Corp before considering a full-blown merger."My preference is a joint venture," Joe Foster of the Van Eck International Investors Gold Fund, said in a phone interview. "I don't flat out oppose a merger. If a merger is the only way to unify Nevada then mayb...Read More
After more than a week of tough talk firing back and forth, the leaders of the two biggest gold producers are finally coming to the table.Newmont Mining Corp. Chief Executive Officer Gary Goldberg said he will be meeting with Barrick Gold Corp.'s Mark Bristow later Tuesday in New York to talk through their differences. However, he said in a Bloomberg TV interview that he won't be discussing Barric...Read More
"We have witnessed Pakistan indulging in false propaganda and spread of misinformation. The Indian Navy does not take cognizance of such propaganda. Our deployments remain undeter .. Continue...Read More
"As a privately-held company, it has been Purdue Pharma's longstanding policy not to comment on our financial or legal strategy," Purdue stated. "We are, however, committed to ensuring Continue...Read More
South Africa's AngloGold Ashanti (JSE:ANG) (ASX:AGG) (NYSE:AU) is selling its stake in Northern Colombia Holdings to Royal Road Minerals (TSX-V:RYR) as it looks to focus on its other local exploration projects, which have longer shelf life and the ability to deliver higher returns.The company said the sale includes mining concession agreements covering approximately 36,000 hectares and the rights...Read More
In the classic John Huston film "Treasure of the Sierra Madre," a group of gold prospectors strike it rich before squandering their good fortune in a tangle of greed, distrust, murder and paranoia.Something similar is happening to Barrick Gold Corp. and Newmont Mining Corp. in Nevada. Disagreements about how to manage and develop what's arguably the world's best-endowed area of gold deposits look...Read More
Condor Gold (LON:CNR) has started the permitting process for two high-grade satellite feeder pits that could increase production at its La India gold project in Nicaragua by 50% to 120,000 ounces a year.The America and Mestiza pits are located about 2km and 4km, respectively, from La India's processing plant and complement the main open pit.Mining the satellite feeder pits could increase La Indi...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
Warren Buffett’s famed annual letter to Berkshire Hathaway shareholders landed in the mail last week. Buffett has built a vast fortune investing in the shares of publicly traded companies. He has long been critical of gold. His most recent letter takes another swipe at the precious metal and implores readers to buy stocks instead.Before his fans start dumping gold and calling their stock bro...Read More
By: IRA EPSTEINDaily Gold Chart in a freefall, overdone on the short-term. Gold in the $1,270's looks interesting.Read More