$200 million revolving line of credit is undrawn at quarter endCompany Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced certain preliminary results ? for the third quarter of 2018.HIGHLIGHTSSilver production of 2.5 million ounces, and gold production of 72,995 ounces.Silver equivalent production of 10.9 million ounces or gold...Read More
(Kitco News)- Safe-haven demand is once again boosting gold prices as U.S.equity markets drop 2% across the board.“Gold’s safe-haven allure is back,” said Phillip Streible, seniormarket strategist at RJO Futures. “Equities are doing down sharply andinvestors don’t know what to do, so they are turning to gold.”Safe-haven demand pushed gold prices to its highest l...Read More
Mr. Darrell Rader reportsMINAURUM SAMPLES UP TO 1205 G/T SILVER AND 3.2% COPPER ON NEWLY DISCOVERED EUROPA SUR VEIN EXTENSIONMinaurum Gold Inc. has acquired the 311-hectare Claraboya concession located in the western part of its 100-per-cent-owned Alamos silver project in Sonora, Mexico.Claraboya hosts the newly discovered southern extension of the Europa-Guadalupe vein system named "Europa Sur" a...Read More
Arianne Phosphate Inc. has been halted at 5:23 a.m. PT on Oct. 23, 2018, at the company's request, pending news.© 2018 Canjex Publishing Ltd. All rights reserved.Read More
“Gloomy” global equitieshave propelled gold to three-month highs as the precious metal acts like a safehaven again, says George Gero,managing director with RBC Wealth Management. Some traders are likely being forced tocover some short positions, he continues. “The fallout of Saudi problems, Italybudget headlines, trade wars and tariffs all weigh on stocks and [are] movinggold, wh...Read More
Mr. Paul Kuhn reportsAVRUPA ANNOUNCES $1.5 MILLION FINANCING Avrupa Minerals Ltd. has arranged a financing of $1.5-million to finance the drilling program at the Alvalade copper-zinc-lead volcanogenic massive sulphide project in Portugal and for general working capital. Drill program at AlvaladeAvrupa Minerals recently announced a 2,500-to-3,000-metre drill program to expand currently known miner...Read More
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 19, 2018.Number of shares: 11,257,500 shares Purchase price: eight cents per share Warrants: 11,257,500 share purchase warrants to purchase 11,257,500 shares Warrant initial exercise price: 12 centsWarrant term to expiry: two years Number of placees: 42 placees...Read More
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 19, 2018.Number of shares: 68,416,603 sharesPurchase price: 95 cents per shareNumber of placees: 150 placeesPro groups: Thomas Relling, 350,000; Robert Disbrow, 2.15 million; Gilbert Payeur, 50,000; Patricia Hyssop, 20,000; W. Bruce Johnstone, 30,000; Shaun Chin,...Read More
$200 million revolving line of credit is undrawn at quarter endCompany Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced certain preliminary results ? for the third quarter of 2018.HIGHLIGHTSSilver production of 2.5 million ounces, and gold production of 72,995 ounces.Silver equivalent production of 10.9 million ounces or gold...Read More
B2Gold Corp.(TSX: BTO, NYSE American: BTG, NSX: B2G) says an expansion study points to alonger life for the El Limon Mine in Nicaragua, and the company also renewed atwo-year collective bargaining agreement with labor unions. The study evaluatedthe life-of-mine options for combining the remaining underground inferred mineralresources with the new El Limon central zone open-pit inferred mineralreso...Read More
Mr. Paul Kuhn reportsAVRUPA ANNOUNCES $1.5 MILLION FINANCING Avrupa Minerals Ltd. has arranged a financing of $1.5-million to finance the drilling program at the Alvalade copper-zinc-lead volcanogenic massive sulphide project in Portugal and for general working capital. Drill program at AlvaladeAvrupa Minerals recently announced a 2,500-to-3,000-metre drill program to expand currently known miner...Read More
(Kitco News)- Hecla Mining Co. (NYSE:HL) met its expectations for third-quarter output of 2.5 million silver ouncesand 72,995 gold ounces, the company said Tuesday.The preliminaryconsolidated silver output was a 24% decline from the same period of 2017, withoutput at the Greens Creek Mine falling by 467,899 ounces, which the companyblamed on lower ore grades and milled tonnage asa result of mine...Read More
(Kitco News)- Just returned from an investment conference in Bermuda,where the mood among some of the biggest names in the industry was definitelybullish. To be taken in context, most players in the metals space are generallyneutral in a worst-case scenario but almost always bullish albeit sometimeswith the caveat “if you are a long-term investor”. Metals dealers do not makemoney telli...Read More
Here we go again. After two weeksof consolidation, gold is trying to break out to the upside, $13 higher and sittingat resistance. This action was expected; big breakouts are typical out of thecongestion pattern.The bigger question is where doesgold from here? The key level is now $1,240, as a break above brings $1,275into play. With the global tension and markets selling off, money is lookingfor...Read More
NEW YORK (Reuters) - The easy money may be over.U.S. company earnings growth is slowing after a bumper start to the year, and the reality of an escalating trade war between two of the world’s largest economies is starting to weigh on companies ranging from Caterpillar Inc (CAT.N) to Ford Motor Co (F.N).While earnings growth is still high at 22 percent so far this quarter, the amount by which...Read More
Movements in the prices of base metals on the London Metal Exchange were mixed at the close of trading on Tuesday October 23, with tin's strong performance leading the gains across the complex despite a strong US dollar index and broadly risk-averse investors.The three-month tin price has climbed by 2.8% since the start of October and reached an intraday high on Tuesday of $19,400 per tonne. It ha...Read More
NEW YORK (Reuters) - Wall Street indexes were down on Tuesday though they pulled back from the day’s lows after investors fled to safety on worries about a global slowdown in growth while oil tumbled and pressure mounted on Saudi Arabia over the death of journalist Jamal Khashoggi.Benchmark U.S. Treasury prices rose, sending yields to their lowest levels in almost three weeks as tumbling equ...Read More
(Adds two-year auction results, quotes, updates prices)* Benchmark yields lowest since Oct. 3* Treasury sells $38 bln two-year notesBy Karen BrettellNEW YORK, Oct 23 (Reuters) - Benchmark U.S. Treasury yields fell to their lowest in almost three weeks on Tuesday as tumbling equity markets worldwide fed investor demand for low-risk debt.China’s main stock indexes resumed a downward spiral as...Read More
Comex copper prices were dragged lower by the downturn in equity markets on October 23 morning in the US, after beginning the trading week on solid footing.The copper price for December settlement on the Comex division of the New York Mercantile Exchange fell 2.65 cents to $2.7590 per lb."The three-month copper price is under renewed downward pressure on Tuesday October 23 morning after being esse...Read More
BATON ROUGE, La (Reuters) - It is difficult to say what is behind a recent stock market selloff, said Atlanta Federal Reserve president Raphael Bostic, though he cited geopolitical risk and a rise in long-term bond yields as recent developments that may play a role.The Fed’s own rate increases have been underway “for the better part of two years, the uncertainty around trade has been g...Read More