Researchers at the University of California - Berkeley have discovered that a bacterium named Moorella thermoacetica produces solar fuels through artificial photosynthesis in a very efficient way when fed with gold.In a paper published in Nature Nanotechnology, the scientists explain that by placing light-absorbing gold nanoclusters inside the CO2-hungry bacterium, they have created a biohybrid sy...Read More
Scotland is one step closer to having its first commercial gold and silver mine as Scotgold Resources (LON: SGZ) said Thursday it had submitted the last application to secure planning permits for its Cononish project, near Tyndrum.The company, which has decided to liquidate its French subsidiary, said that it had worked with the Trossachs National Park Planning Authority (NPA) to secure all the ne...Read More
TIANJIN, Oct 18 (Reuters) -* Zijin Mining Group Co Ltd, one of China's biggest gold miners, will produce around 37 tonnes of the precious metal in 2018, its chairman said on Thursday.* The company's gold output will be flat or a little lower than last year, Zijin Chairman Chen Jinghe told Reuters on the sidelines of a conference in Tianjin.* Zijin is "paying attention" to Tanzania but "not yet neg...Read More
Contrarian investors are constantly searching for unloved stocks that have found a bottom and offer big upside potential as market sentiment shifts.Let's take a look at three unloved industry leaders in the TSX Index that might deliver big gains heading into next year.Barrick Gold (TSX:ABX)(NYSE:ABX)Barrick Gold recently announced a game-changing merger with Randgold that will create the world's l...Read More
NMC is the most popular of the chemistries currently used in batteries by EV manufacturers, and market share is expected to expand dramatically in new EV sales, a new outlook for electric vehicle battery metals report published by Fitch Solutions reveals.The growing EV market will spur global demand for metals through their use in a wide range of chemistry combinations within the cathodes of lithi...Read More
Gold futures settled slightly lower on the day, with the most active December Comex contract currently fixed at $1,229.60, a net decline of $0.50 on the day. However, gold scored modest gains this week. Gold opened on Monday at approximately $1,221.10, and it is currently fixed at $1,229.60, resulting in an eight dollar gain this week.Although the gains have been small and incremental, gold has no...Read More
Private equity firm Waterton Global Resource Management, which now owns about 7% of Hudbay Minerals (TSX, NYSE: HBM) said Friday it would call a special shareholder meeting of the Canadian base and precious metals miner after it refused its proposal for board changes.Waterton is asking Hudbay to replace some members of its board, as well as agree to a moratorium on acquisitions.Waterton is asking...Read More
Oct 19, 2018 Guest(s): Frazer Tabeart Managing Director, PolarX As resources continue to deplete and discovery rates drop, large-cap miners look towards more mergers and acquisitions to increase their resource base, said Frazer Tabeart, managing director of PolarX. "The discovery rates have dropped, I think that's probably a reflection of people going 'undercover'. So, people are still exploring...Read More
(Kitco News) - Gold’s resiliency this week in light of a higher U.S. dollar and hawkish FOMC meeting minutes could mean the precious metal is ready to shine again, according to analysts.As this week is coming to a close, gold is heading for a third straight weekly gain, which marks a significant turnaround following a dismal summer. The December Comex gold futures were last trading at $1,231...Read More
Canada's federal government unveiled this week the final part of its plans to ban the use and sale of asbestos in the country by the end of the year.The regulations, to come into effect on Dec. 30, also prohibit the manufacturing, import, trade and use of most products containing the mineral. However, they do not apply to residues left from mining asbestos, which in Canada include about 800 millio...Read More
(Kitco News)- The miningsector is seeing some renewed excitement as gold prices post their third weekof gains, but one mining executive said that the sector still needs more toattract fresh investment capital.Mathieu Savard, president of the Quebec Mineral Exploration Association and vice-president of exploration for Osisko MiningIn aninterview with Kitco New on the sidelines of Xplor, the annual...Read More
Oct 19, 2018 Guest(s): Angelina Mehta Women In Mining Canada Bridging the gender gap in mining starts with educating young women about the industry as early as possible, according to Angelina Mehta, a board member of Women In Mining Canada, a non-profit organization focused on advancing the interests of women in the metals and mining sector. "Our whole objective with Women In Mining Canada is to...Read More
The body representing the mining industry in Canada's Nova Scotia has released a report that recommends $19.5 million be invested in geophysical surveys to help find future mines and quarries."This needs assessment report is the first step toward building a minerals version of Play Fairway - a free, best-in-class database of geophysical knowledge that will help attract investment and job creation...Read More
(Kitco News)- Lottery fever has once againgripped the U.S. as Friday's Mega Millions lottery pushes close to theone-billion dollar mark.As of Friday morning, the jackpothad an estimated value of $970 million with a cash option worth $548 million.The Mega Million's lottery win could buy about 788,617 ounces of gold withprices currently trading around $1,230 an ounce. To put that into perspective,th...Read More
(Kitco News)- Gold futures are heading for their third weekly rise in a row, and Wall Street and Main Street look for the metal tomake it four straight next week, based on the Kitco News gold survey.A number of factors underpinned gold this week,including geopolitical tensions between the U.S. and Saudi Arabia afternews reports that journalist Jamal Khashoggi disappeared aftergoing into the Saudi...Read More
Acacia Mining (LON:ACA), the Tanzanian gold producer dealing with an ongoing dispute with the country's administration, has threatened to sue the government in international court as concerns about the safety of its staff mount.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), has been waiting for the Canadian gold giant to negotiate a settlement with President John Magufuli, after he s...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose slightly Friday, holding on to slim gains after suffering losses of more than 300 points in the previous session.PayPal Holdings Inc. (PYPL) jumped 8.2% after the digital-payments company posted stronger-than-expected third-quarter earnings and its active customer base topped 250 million.Pr...Read More
(Kitco News) - Gold prices aremodestly up in early U.S. trading Friday, supported on some safe-haven buyinginterest in a nervous trading environment heading into the weekend. December goldfutures were last up $1.80 an ounce at $1,231.90. December Comex silver waslast up $0.121 at $14.725 an ounce. Don'tbe surprised if trader and investor anxiety upticks as the trading session progressesFriday, hea...Read More
When gold’slatest Commitment of Traders (CoT) report was released last Friday, we learnedspeculators boosted their net-short position in bullion futures and options tothe largest level since at least 2006 in the week ended Oct. 9th.During the previous session on October 11th, gold posted the biggestdaily rise since the Brexit vote as a surge in safe- haven demand saw managedmoney speculators...Read More
(Kitco News)- Goldprices continue to hold on to modest gains, following weaker-than existing homesales data, from the National Association of Realtors (NAR).Existinghome sales were slightly down, showing a seasonally adjusted and annualizedrate of 5.15 million in September. Economists were expecting to see asales rate of 5.29 million units.Goldprices were largely unchanged after the data was relea...Read More