Dr. John-Mark Staude reportsRIVERSIDE DEVELOPS FOUR NEW TARGET ZONES AT THE CECILIA GOLD PROJECT, SONORA, MEXICO Riverside Resources Inc. has received new exploration results at its 100-per-cent-owned Cecilia gold project in northeastern Sonora, Mexico. Recent rock sampling and mapping was conducted on the Cecilia 1 claim following-up on anomalous areas identified during the reconnaissance soil s...Read More
Mr. Darin Wagner reportsBALMORAL RESOURCES EXPLORATION UPDATEBalmoral Resources Ltd. has provided an update on the fall 2018 exploration program on its Detour Gold Trend project in Quebec, along with updates on activities on its other exploration properties in Ontario and Quebec, Canada. Grasset Ultramafic Complex Drill Program (Nickel-Copper-Cobalt-PGE)Drilling continues with two drills still act...Read More
In a letter to shareholders, McEwen Mining (TSX: MUX; NYSE: MUX) updated its progress at the Gold Bar project in central Nevada and confirmed commercial production is expected to begin in the first quarter of next year.The company completed the heap leach pad and installed crushing, conveying and agglomeration systems this month. For the rest of the year, its focus will be on finishing the proce...Read More
Nov 16, 2018 Guest(s): Cal Everett President, CEO & Director, Liberty Gold When it comes to whether or not the mining industry has reached peak gold, the numbers speak for themselves, said Cal Everett, President, CEO and Director of Liberty Gold. "The declining production curves of the intermediate-major producers are rolling over right now. You can see that on a quarter by quarter basis every t...Read More
(Kitco News)- Palladium and rhodium continue to be the two shining startsin the precious metals sector, both seeing surging momentum this week due to agrowing imbalance in their supply and demand fundamentals.Palladium is closing out the week at a new record high;December palladium futures last traded at $1157.90 an ounce, up 5.5% from theprevious week. Meanwhile, rhodium is currently trading at i...Read More
Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, plans to announce in December which company will be its development partner at the Quebrada Blanca copper mine in northern Chile.In August, the Vancouver-based miner received regulatory approval for a $4.8 billion extension of the mine. Teck sees the Quebrada Blanca Phase 2 project as its most significant growth...Read More
(Kitco News)- Optimism in the gold market ispicking up as prices bounced off critical support to end the week in positiveterritory.However, someanalysts are warning investors to not expect too much excitement in thenear-term as markets will see a shortened trading week as American investorscelebrate Thanksgiving. December gold futures lasttraded at $1,223.10 an ounce, up 1% from the previous week....Read More
(Kitco News)- Fifteen market professionalstook part in the Wall Street survey. Nine respondents, or 60%, predicted higherprices by next Friday. There were three votes, or 20%, for both lower andsideways prices.Meanwhile, 502 peopleresponded to an online Main Street poll. A total of 311 respondents, or 60%,called for gold to rise. Another 123, or 26%, predicted gold would fall. Theremaining 68 vote...Read More
The World Gold Council has published an update to its Guidance Note on all- in sustaining costs (AISC) and "all- in costs", which was first issued in June 2013.The Council worked closely with its member companies to develop these non-GAAP measures which are intended to provide further transparency into the costs associated with producing gold. These non-GAAP measures are intended to provide furthe...Read More
Ontario-based White Metal Resources Corp. (TSXV: WHM) is growing its recently acquired Williams Gold property, located in central Newfoundland, where a gold rush seems to be taking place.In a media statement, the junior explorer announced that it has staked an additional 50 claim units totaling 1,250 hectares near the project and south of the former producing Beaver Brook Antimony mine.In detail,...Read More
As you read this, the calendar is halfway into November.For some folks, this means heading south to a warm place like Florida. For some, it means breaking out the winter coats and hats.For top resource investors, it means tax loss selling bargain season.It means Christmas comes early...and the presents can lead to hundreds of thousands - even millions - of dollars in extra profit.At the end of th...Read More
RYE, N.Y. -- (Business Wire)The Board of Trustees of the GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (the "Fund") approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees announced cash distributions of $0.05 per share for each of January, February, and March 2019.The distribution for January 2019 will be payable on January...Read More
OceanaGold (TSE: OGC) is interested in buying Bravada Gold Corporation's (TSXV: BVA) low-sulfidation Highland gold/silver project, located within the Walker Lane Gold trend in western Nevada, USA.Both companies have signed a letter of intent which stipulates that Oceana has until December 15, 2018, to accept the opportunity of earning up to 75% interest in the project.In detail, Oceana may earn a...Read More
(Kitco News) - Gold pricesaresolidly higher and setting new daily highs in early U.S. trading Friday, on safe-havendemand as U.S. stock indexes are pointed toward lower openings when the NewYork day session begins. The U.S. dollar index is also selling off and hittingits session low, further supporting buying interest in the precious metalsmarkets. December gold futures were last up $9.60 an ounc...Read More
Dr. John-Mark Staude reportsRIVERSIDE DEVELOPS FOUR NEW TARGET ZONES AT THE CECILIA GOLD PROJECT, SONORA, MEXICO Riverside Resources Inc. has received new exploration results at its 100-per-cent-owned Cecilia gold project in northeastern Sonora, Mexico. Recent rock sampling and mapping was conducted on the Cecilia 1 claim following-up on anomalous areas identified during the reconnaissance soil s...Read More
The major gold miners' stocks remain mired in universal bearishness, largely left for dead. They are just wrapping up their third-quarter earnings season, which proved challenging. Lower gold prices cut deeply into cash flows and profits, and production-growth struggles persisted. But these elite companies did hold the line on costs, portending soaring earnings as gold recovers. Their absurdly-che...Read More
(Kitco News) - The surplus in the global silver market will rise to 35.3million ounces in 2018, an increase from 2.4 million in 2017, the GFMS team atRefinitiv reported late Thursday.Johann Wiebe, lead analyst for the GFMS team, reported onthe GFMS/Silver Institute Interim Silver Market Review during the annual silverindustry dinner hosted by the Silver Institute. The report includes provisionalsu...Read More
Mr. Darin Wagner reportsBALMORAL RESOURCES EXPLORATION UPDATEBalmoral Resources Ltd. has provided an update on the fall 2018 exploration program on its Detour Gold Trend project in Quebec, along with updates on activities on its other exploration properties in Ontario and Quebec, Canada. Grasset Ultramafic Complex Drill Program (Nickel-Copper-Cobalt-PGE)Drilling continues with two drills still act...Read More
Palladium priceshit a record high Thursday and at one point were within $30 an ounce of gold,Commerzbank says, although the spread has since widened again. Nevertheless,palladium’s recent gains may have been “excessive,” Commerzbank says. “We attribute the price surge - which happened very quickly -to buying on the futures market, as the trading volume yesterday was twice a...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