Shares in miner and infrastructure supplier Mineral Resources (ASX: MIN) went ballistic on Thursday after striking a deal to sell a half-share in its Western Australia-based Wodgina lithium project to battery metals giant Albemarle for $1.15 billion.Under the terms of the exclusivity agreement, the two companies will work to execute a binding transaction by Dec. 14, allowing Albemarle to acquire a...Read More
(Kitco News) - Gold managed to hold on to most of its previous gains, with markets largely ignoring the European Central Bank’s (ECB) meeting minutes and instead focusing on Italy’s decision to resist EU’s budget pressure.The December Comex gold futures were last trading at $1,228.30 an ounce, up 0.02% on the day, keeping firmly above the $1,220 level.With the U.S. financial mark...Read More
Roberta RamptonPALM BEACH, Florida (Reuters) - U.S. President Donald Trump warned on Thursday there could be a government shutdown next month over security on the border with Mexico, suggesting he could hold up a funding deal if no more money is provided for a wall between the two countries.“Could there be a shut down? There certainly could and it will be about border security, of which the...Read More
Mr. Derek White reportsMETALLURGICAL TEST WORK INDICATES VERY HIGH GOLD RECOVERIES AT ASCOT'S PREMIER PROPERTY Ascot Resources Ltd.'s confirmatory metallurgical testwork on six new composites from the Premier/Northern Lights, Big Missouri and Silver Coin deposits produced outstanding gold recoveries over a range of grind sizes utilizing a gravity and leach process.Derek White, president and chief...Read More
Precious metals streaming and royalty company Maverix Metals (TSXV: MMX) forecasts it will exceed its previously announced guidance for the year of 18,000 to 19,000 gold-equivalent ounces.In the third quarter, Maverix recorded attributable gold-equivalent ounces sold of 6,195 ounces, and in the nine months ended Sept. 30, the company's total attributable gold-equivalent production reached 15,236...Read More
KHARTOUM (Reuters) - Sudan signed an agreement with a state-owned Turkish company on Thursday allowing it to mine for gold and other minerals in Sudan’s Red Sea state, a source at the Sudanese petroleum ministry said.The agreement between Sudan’s Geological Authority, which falls under the petroleum ministry, and Turkey’s Mineral Research and Exploration General Directorate (MTA)...Read More
Mr. John Williamson reportsCAMINO PROVIDES UPDATE AHEAD OF 2019 DRILLING PROGRAMCamino Minerals Corp. is in the process of completing extensive surface exploration on the 20,000-hectare Chapitos copper-gold project, near Chala, southern Peru.Since August, Camino has intensified surface exploration on the Chapitos project, and has commenced planning the 2019 exploration and drilling program. Fieldw...Read More
Mr. Quinton Hennigh reportsNOVO FILES UPDATED BEATONS CREEK TECHNICAL REPORT Novo Resources Corp.has filed a technical report prepared pursuant to National Instrument 43-101 (Standards of Disclosure for Mineral Projects) related to its Oct. 10, 2018, news release announcing the updated resource estimate for its Beatons Creek gold project, Western Australia. The independent technical report, entitl...Read More
Mr. Eric Fier reportsSILVERCREST FILES MINERAL RESOURCE TECHNICAL REPORT ON THE LAS CHISPAS PROPERTYSilvercrest Metals Inc. has filed a technical report titled, "Technical Report and Updated Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico," dated Nov. 19, 2018, with an effective date of Sept. 13, 2018. The Las Chispas report was completed for Silvercrest by N. Eric Fier, CPG...Read More
By Daniel CookPart 2: It's Only Natural...Every mining company has the same problem, they've got to replenish their inventory every year. That means if they're mining 100,000 ounces of gold annually they need to discover at least 100,000 ounces every year to stay afloat. Analysts and investors demand it and watch these inventory levels closely.Did you know SSR Mining's most profitable operation co...Read More
Mr. Jean Martineau reportsDYNACOR PRODUCES 7,352 OUNCES OF GOLD IN OCTOBER, ITS BEST 2018 MONTHLY RESULTSDynacor Gold Mines Inc. has provided its October gold production results, which were the best monthly gold production results in 2018. In October, the corporation produced 7,352 ounces of gold, an 11-per-cent monthly average increase from the previous nine months. The total amount of ore purcha...Read More
Mr. David Wolfin reportsAVINO ANNOUNCES MANAGEMENT CHANGES Avino Silver & Gold Mines Ltd.'s Malcolm Davidson, chief financial officer, will depart the company immediately."Mr. Davidson spent eight years with Avino, and we wish him the best in his future endeavours," said David Wolfin, president and chief executive officer. "He built a strong finance team, which will manage the transition to a...Read More
GENEVA (Reuters) - Countries belonging to the G20 group of the world’s biggest economies applied 40 new trade restrictive measures between mid-May and mid-October, covering around $481 billion of trade, the World Trade Organization said on Thursday.The new restrictions covered six times more trade than in the previous period and were the largest since the WTO started monitoring G20 trade in...Read More
Mr. David Wolfin reportsCORAL ANNOUNCES MANAGEMENT CHANGESMalcolm Davidson, chief financial officer, will depart Coral Gold Resources Ltd. immediately."Mr. Davidson spent eight years with Coral and we wish him the best in his future endeavours," said David Wolfin, president and chief executive officer. "He built a strong finance team which will manage the transition to a new CFO effectively."The c...Read More
By Tina LetoThe odds seem to be against uranium. Fukushima's nuclear power plant is still disabled; the U.S. Supreme Court seems to be leaning towards staying Virginia's moratorium on uranium mining, and projects such as Berkeley Energ?-a's Salamanca mine in Spain are facing major opposition.So, why mine uranium and why now?The answer is quite simple, actually. There is increased demand, and, afte...Read More
Getty ImagesFederal Reserve Chairman Jerome Powell speaks during a Financial Stability Oversight Council meeting Oct.16, at the Treasury Department in Washington, D.C. It wasn't easy to parse the comments Federal Reserve Chairman Jerome Powell made in Dallas last week. Related: Fed watchers left puzzled by what Powell was trying to communicate But while he was in classic, two-handed economist...Read More
Regulators and law enforcement are keeping a closer eye on crypto. The price of bitcoin collapsed this week to levels the cryptocurrency hasn't seen since approximately October 2017, prior to a hot streak that pushed up the price of one coin to more than $17,000 in mid-December of last year. Amid price volatility, bitcoin was trading at approximately $4,400 as of Wednesday afternoon. Crypto...Read More
Bannerman Resources Ltd (ASX:BMN) is progressing the updated definitive feasibility study (DFS) for its Etango Uranium Project in Namibia.The company is confident of a recovery in the uranium price due to supply and production cuts across the world's biggest yellowcake producers.Several optimisation opportunities at Etango have been prioritised and studies are assessing the potential of optimisati...Read More
ROME (Reuters) - Italy said on Thursday it would resist pressure from Brussels to revise its big-spending budget, effectively daring EU authorities to punish it with fines ahead of May’s European parliamentary elections.Leaders of Rome’s populist government said they would press ahead with expanding the deficit next year, a day after the European Commission kicked off disciplinary proc...Read More
LONDON (Reuters) - Oil prices dipped on Thursday after U.S. inventories swelled to their highest level since December adding to concerns about a global crude glut but OPEC talk of an output cut limited losses.Benchmark Brent fell 96 cents last trading at $62.52 a barrel at 1840 GMT, edging back from a more than $1 drop in early European trading. U.S. WTI fell more than a $1 before easing back to s...Read More