ZYFRA Group, AI and IIoT solutions developer for industries is acquiring VIST Group, one of the industrial leaders in development and implementation of technologies for digital mining for $30 million. Through acquisition of this asset the company is planning to occupy a significant share of global intelligent mining market."Via several acquisitions and organic business growth, we are absolutelly o...Read More
Shares in Galantas Gold (TSX, LON:GAL) climbed more than 30% in London on Friday after a court of appeal dismissed a challenge to a Northern Ireland judge's approval of work at the company's Omagh gold project.Mining is already underway at Omagh, but once it reaches commercial production it's expected to produce 30,000 ounces of gold concentrate per year.The company stated the court ruled that...Read More
Oil's poised for a seventh weekly loss after Saudi Arabia signaled its output may have reached a record, while America's growing crude stockpiles stoked concerns over a potential supply glut.Futures retreated as much as 3.3 percent in New York, set for a 5.6 percent drop this week. Saudi Arabia is producing in excess of 10.7 million barrels a day, Energy Minister Khalid Al-Falih said, giving the s...Read More
The Hague-based Permanent Court of Arbitration has awarded South American Silver $18.7 million for amounts invested and another $9 million in interest for its Malku Khota concession, which the Bolivian government revoked in 2012.The company, now owned by TriMetals Mining (TSX: TMI; US-OTC: TMIAF) had sought compensation for damages in the amount of $385.7 million, which included $307.2 million f...Read More
Mr. Eric Edwards reportsTRIMETALS MINING INC.'S SUBSIDIARY, SOUTH AMERICAN SILVER, AWARDED APPROXIMATELY US$28 MILLION (INCLUDING INTEREST) IN ARBITRATION PROCEEDINGS AGAINST THE GOVERNMENT OF BOLIVIA On Nov. 22, 2018, an arbitration tribunal of the Permanent Court of Arbitration in The Hague, Netherlands, issued an award awardingTrimetals Mining Inc.'s wholly owned Bermudan subsidiary, South Amer...Read More
Mr. Mike Mutchler reportsAMARILLO PROVIDES BUSINESS UPDATE AND ANNOUNCES THIRD QUARTER 2018 FINANCIAL RESULTS Amarillo Gold Corp. has released its financial results for the third quarter ended Sept. 30, 2018. This press release should be read in conjunction with the company's condensed interim consolidated financial statements and management's discussion and analysis for the three and nine months...Read More
An anonymous director reports NORTH AMERICAN PALLADIUM ANNOUNCES NEW COLLECTIVE AGREEMENT RATIFIED WITH UNITED STEELWORKERS WORKERS LOCAL 9422A new three-year collective agreement with North American Palladium Ltd. has been ratified by the members of United Steelworkers Local 9422. The USW represents the production and maintenance workers at the Lac des Iles mine site. The new collective agreement...Read More
Mr. Joseph de la Plante of Osisko reportsOSISKO GOLD ROYALTIES LTD. EARLY WARNING REPORTOsisko Gold Royalties Ltd. has subscribed for and received from IDM Mining Ltd. 16,666,668 units at a price of six cents per unit, for an aggregate subscription price of $1,000,000.08. Each unit is composed of one common share in the share capital of IDM and one-half of one common share purchase warrantof IDM....Read More
Mr. Eric Edwards reportsTRIMETALS MINING INC.'S SUBSIDIARY, SOUTH AMERICAN SILVER, AWARDED APPROXIMATELY US$28 MILLION (INCLUDING INTEREST) IN ARBITRATION PROCEEDINGS AGAINST THE GOVERNMENT OF BOLIVIA On Nov. 22, 2018, an arbitration tribunal of the Permanent Court of Arbitration in The Hague, Netherlands, issued an award awardingTrimetals Mining Inc.'s wholly owned Bermudan subsidiary, South Amer...Read More
Mr. Mike Mutchler reportsAMARILLO PROVIDES BUSINESS UPDATE AND ANNOUNCES THIRD QUARTER 2018 FINANCIAL RESULTS Amarillo Gold Corp. has released its financial results for the third quarter ended Sept. 30, 2018. This press release should be read in conjunction with the company's condensed interim consolidated financial statements and management's discussion and analysis for the three and nine months...Read More
An anonymous director reports NORTH AMERICAN PALLADIUM ANNOUNCES NEW COLLECTIVE AGREEMENT RATIFIED WITH UNITED STEELWORKERS WORKERS LOCAL 9422A new three-year collective agreement with North American Palladium Ltd. has been ratified by the members of United Steelworkers Local 9422. The USW represents the production and maintenance workers at the Lac des Iles mine site. The new collective agreement...Read More
Mr. Joseph de la Plante of Osisko reportsOSISKO GOLD ROYALTIES LTD. EARLY WARNING REPORTOsisko Gold Royalties Ltd. has subscribed for and received from IDM Mining Ltd. 16,666,668 units at a price of six cents per unit, for an aggregate subscription price of $1,000,000.08. Each unit is composed of one common share in the share capital of IDM and one-half of one common share purchase warrantof IDM....Read More
Getty ImagesScott Teel carries a "for sale" sign out of a garage in Moore, Okla. The numbers: Existing-home sales ran at a seasonally adjusted annual rate of 5.22 million in October, the National Association of Realtors said Wednesday. That was up 1.4% for the month, marking the first monthly increase in six months. What happened: Sales of previously owned homes finally perked up, beating the M...Read More
Precious metals investors don't have much to console them these days. Just about the only bright spot is the nice, though ephemeral, pop in the gold/silver price that seems to happen every January. Sometimes it persists forsix or so months, sometimes it ends before the snows do. But either way it's more fun than the rest of the year. This pattern repeats because Asians like to give gold and silve...Read More
Precious metals investors don't have much to console them these days. Just about the only bright spot is the nice, though ephemeral, pop in the gold/silver price that seems to happen every January. Sometimes it persists forsix or so months, sometimes it ends before the snows do. But either way it's more fun than the rest of the year. This pattern repeats because Asians like to give gold and silve...Read More
Gold futures eased in Friday's shortened session, pulling back from Wednesday's, pre-Thanksgiving two-week high. Still, the loss was slim enough to leave the precious metal just in the green for the week. Market focus remained fixated on Federal Reserve interest-rate plans over coming months, the dollar's response to said rate moves, and what looming China-U.S. trade discussions could indicate for...Read More
If corporate earnings rise in 2019 like Wall Street analysts expect, stocks are a screaming buy at these bear-market levels. But earnings won't rise and stocks are not a buy, says money manager Michael Pento: Earnings Recession of 2019President Trump’s plan to stimulate the economy, known as The Tax Cut and Jobs Act, was signed into law at the end of 2017. It ushered in a massive and permane...Read More
If corporate earnings rise in 2019 like Wall Street analysts expect, stocks are a screaming buy at these bear-market levels. But earnings won't rise and stocks are not a buy, says money manager Michael Pento: Earnings Recession of 2019President Trump’s plan to stimulate the economy, known as The Tax Cut and Jobs Act, was signed into law at the end of 2017. It ushered in a massive and permane...Read More
London has for the first time raised the veil on the size of its centuries-old gold market. The daily average of $36.9 billion in bullion moving in and out of London's over-the-counter market is just shy of the amount traded in New York, a new data release Tuesday showed. The London Bullion Market Association said its members - which include large banks such as HSBCHSBC, -0.31% and JPMorganJPM,...Read More
Market historian Bob Hoye from ChartsandMarkets.com is looking for a dismal low in crude somewhere around late December or early January. Meanwhile, he soon expects the onset of a post-bubble contraction which should prime gold stocks for good times. In a fascinating interview with Jim Goddard, he explains his outlook which is based on historical, seasonal and technical work.Click to listenFor cr...Read More