NORTHWEST TERRITORIES - Toronto-based Nighthawk Gold completed almost 16,000 metres of drilling this summer at its Colomac gold project 220 km northwest of Yellowknife in the Indin Lake greenstone belt. The company says it continues to intersect broad zones of mineralization with higher grade centres.This year rather than focus on the northern half of the sill, Nighthawk tested several prospective...Read More
Nov 19, 2018 Guest(s): Matthew Lennox-King President, CEO & Director, Contact Gold The goal of an exploration company is to take ownership of each project and not focus on selling assets to major miners, said Matthew Lennox-King, president and CEO of Contact Gold. "The only way you can attract that attention [from the majors] is to continue to advance the project as if you're going to own it. Th...Read More
YUKON - ATAC Resources of Vancouver continues to drill on that part of the Rackla gold project not optioned to Barrick, and has made high grade gold discovery at surface at the Osiris property.Two rotary air blast (RAB) holes 1,000 metres southwest of the Conrad zone and 800 metres east of the Ibis zone returned 1.5 metres of 3.05 g/t gold and 6.1 metres of 3.39 g/t.Step-out drilling at the Osiris...Read More
(Kitco News)- Although optimism is starting to grow among gold traders,one technical analyst warns that it is still a little too early to turn overlybullish on the precious metal.In a recent interview with Kitco News, Greg Harmon, founderof Dragonfly Capital, said while gold has bounced off recent support at $1,220an ounce, prices need to push past their October highs above $1,246 an ounce,before...Read More
YUKON - Vancouver-based Golden Predator Mining reports that it has discovered an important new style of disseminated gold mineralization in the Sprogge area of its 3 Aces project. This is a potentially large gold bearing intrusive system not previous known at 3 Aces.A total of 27 shallow diamond drill holes tested six zones within a 1.4 by 1.0 km at Sprogge, and will be followed up next year. The...Read More
Superior Gold (TSXV: SGI; US-OTC: SUPGF) has announced results for 9,700 metres drilled across 51 holes aimed at expanding the reserves and resources at the Indian zone on its 100% owned Plutonic gold mine in Western Australia.The company currently has three diamond drills operating underground at the project. It has focused two on grade control and infill drilling and the third on resource and r...Read More
Nov 19, 2018 Guest(s): Matthew Turner President, CEO & Director, Rockhaven Resources The Yukon has had a history of being the last jurisdiction to be explored in a cycle and the first to get cut, but recent developments have changed that, said Matthew Turner, president and CEO of Rockhaven Resources. "In these cycles, it was the last jurisdiction that would get the exploration dollars and the fi...Read More
LONDON (Reuters) - Bitcoin fell below $5,000 on Monday for the first time in over a year, slumping to a fresh 13-month low on the Bitstamp platform as a broad sell-off in cryptocurrencies sparked last week gathered momentum.As of 1645 GMT the original cryptocurrency was down 8.7 percent at $5,100, after breaching the landmark for the first time since Oct. 12, 2017.Traders said selling was largely...Read More
(Kitco News) - Gold andsilver prices are near steady in quieter early-afternoon U.S. trading Monday. Somebacking and filling on the daily charts was seen in gold following recent goodgains. December gold futures were last up $0.70 an ounce at $1,223.80. December Comex silver was last up $0.003 at $14.385 an ounce. Globalstock markets were mixed in subdued, pre-holiday trading overnight. U.S. st...Read More
Goldman predicts 2.5 percent and 2.2 percent growth in the first two quarters of 2019, respectively, but then just 1.8 percent and 1.6 percent real GDP growth in the final two quarters."We expect tighter financial conditions and a fading fiscal stimulus to be the key drivers of the deceleration," wrote the bank's chief economist, Jan Hatzius.But Goldman believes the U.S. will skirt a recession nex...Read More
Photo courtesy of kevin brine/Shutterstock.com(Kitco News)- Although the gold market has beenunable to maintain October’s momentum, one Canadian bank is not ready to giveup on the precious metals just yet.Analysts at Scotiabank said thatthey see further potential for the yellow metal as the bank sees a wave of risk-offsentiment sweep through financial markets and inflation pressures rise,acc...Read More
Nov 19, 2018 Guest(s): Ugo Landry-Tolszczuk President, COO, CFO, SRG Graphite Inc. Graphite is less talked about but is just as important as lithium and cobalt as a component to the electric vehicles, this according to Ugo Landry-Tolszczuk, president of SRG Graphite Inc. "Graphite, a little bit, has been the forgotten metal. I think what we've seen in the lithium space, the cobalt space, I think...Read More
(Kitco News) - Large speculators increased theirbearish positioning in gold futures by 67% during the most recent reportingweek for data compiled by the Commodity Futures Trading Commission, whichanalysts say accounts for much of the slide in prices during the early part ofNovember.During the week-long period toNov. 13 covered by the report, Comex December gold fell 2% to $1,201.40 anounce, whi...Read More
The Monday Market Minute Dow falls triple digits out of the gate as markets are weighed down by new trade issues.The Nasdaq experienced its third decline in four sessions. This is the first time all three major indices are in the red in three sessions. Nvidia continued its downward slide, falling another 7% in morning trading. U.S. stocks were routed in market trading Monday as market...Read More
The countdown is on for theblastoff in gold. The churning pattern that we are seeing now means only onething -- a big move is coming. We all know that the big move can go either way,but all signs point to higher rather than lower.The best way to play a patternlike this is to wait for a footprint confirming direction, since trying to playinside the churning pattern typically causes more frustration...Read More
Kirkland LakeGold Ltd. (TSX, NYSE: KL; ASX: KLA) announces that David Soares is the newchief financial officer and Eric Kallio is senior vice president for exploration.Both appointments are effective immediately. The company also lists a number ofinternal management changes. Soares has 15 years of finance and managementexperience, reflecting progressively senior leadership roles with multinational...Read More
Friday's trading session was mixed, as investors continued to hesitate following the recent decline. The S&P 500 index extends its month-long fluctuations along the level of 2,700. Is this some medium-term bottoming pattern?The U.S. stock market indexes were mixed between -0.2% and +0.5% on Friday, extending their short-term fluctuations, as investors continued to hesitate following last week'...Read More
Palladium,underpinned by demand from the auto sector, has hit a fresh record high of$1,179.40 an ounce for spot metal. “Pollution-limiting catalytic converter demand in China isboosting palladium consumption, drawing prices 9% higher this year,” says commoditiesbrokerage SP Angel. “The Asian nation is on a mission to reduce smog emissions,with tougher standards meaning car makers...Read More
NEW YORK (Reuters) - The dollar dropped to two-week lows on Monday, pressured by cautious comments about the U.S. economy from Federal Reserve officials suggesting the central bank may be nearing the end of its tightening cycle.Against a basket of six major currencies, the greenback fell to 96.120, its lowest since Nov. 8, after falling nearly half a percent last week, its biggest weekly drop sinc...Read More
RIYADH (Reuters) - Saudi Arabia's King Salman will inaugurate the Waad Al-Shamaal mining project on Thursday, Alarabiya TV said on Twitter, quoting energy minister Khalid al-Falih.The project will cost 85 billion riyals ($22.7 billion) and will create 10,000 jobs, according to Falih. It is part of an industrial scheme aimed at opening up Saudi's north to development that will boost job creation.Sa...Read More