Mr. Jeffrey Pontius reportsCORVUS GOLD EXPANDS ITS DISTRICT-WIDE LAND PACKAGE BY 15 SQ. KM, ADDING SEVERAL NEW TARGET AREAS, BULLFROG DISTRICT, NEVADA Corvus Gold Inc. has expanded its district-wide land package by approximately 14 per cent and now controls 100 per cent of 123.1 square kilometres in the Bullfrog mining district. The new 15.2-square-kilometre land package was staked as open ground...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. L53-DD1 THAILAND OIL DISCOVERYPan Orient Energy Corp.'s L53-DD1 exploration well has encountered an interpreted and combined 26 metres of net oil pay within three separate sandstone reservoirs between a true vertical depth of 960 metres to 1,125 metres. This interpretation was based on conventional open-hole wireline logs and hydrocarbon indication...Read More
(Kitco News)- Agnico Eagle Mines Ltd.(NYS: AEM, TSX: AEM) late Wednesday reported a smaller profit in the thirdquarter compared to a year ago but increased its production guidance for 2018and 2019.Net income was $17.1 million,or 7 cents per share, down from $72.5 million, or 31 cents, in the thirdquarter of 2017, the company said.The July-September resultsincluded non-cashforeign currenc...Read More
Up to $5 billion worth of mining assets may be offloaded as a result of the merger between Barrick Gold (TSX, NYSE:ABX) and Randgold Resources (LON:RRS), expected to happen in the first three months of 2019.According to BMO Capital Markets analyst Andrew Kaip, it is almost certain that the New Barrick will sell a number of non-core assets to position the company as the lowest cost western-based g...Read More
(Kitco News)- Barrick Gold Corp. (NYSE: ABX,TSX: ABX) lateWednesday reported a net loss of $412 million, or 35 cents per share,compared to a loss $11 million, or a penny, in the third quarter of 2017.The July-September net loss was mostly due to a $405 millionimpairment charge at the Lagunas Norte mine in Peru, the company said. Therewere also several other special items, including a $62 millionfo...Read More
(Kitco News)- Goldcorp Inc. (TSX: G, NYSE: GG) late Wednesday reported anet loss for the third quarter as production declined from the same period ayear ago, although it is expected to improve in the current quarter.The net loss was listed at $101 million, or 12 cents pershare. In the same period a year ago, the company listed a profit of $111million, or 13 cents. The July-September results includ...Read More
Canadian miners Pan American Silver (TSX: PAAS) and Canasil Resources (TSX:CLZ) signed a non-binding Letter of Intent providing for Pan American to acquire Canasil's interest in the Sandra-Escobar project in Durango, Mexico.The LOI provides for the parties to enter into a Definitive Agreement covering the acquisition of Canasil's interest by Pan American for a payment of CDN $2 million and grant o...Read More
Although global stock markets had moderate gains today, U.S. equities were once again under dynamic pressure which resulted in a 600+ decline in the Dow Jones Industrial Average. The Dow lost 608 points (-2.41%) in trading and is currently fixed at 24,583.42. The NASDAQ composite also had substantial losses in trading today, and after giving up almost 4 1/2 %, today's 321-point decline takes the...Read More
Silvia Ascarelli/MarketWatchA sign of tight labor markets in New Jersey. The Fed's snapshot: Wages and prices moved higher in the Federal Reserve's 12 districts through mid-October but not faster than a "modest to moderate" pace, according to the latest Beige Book report released by the central bank on Wednesday. Districts across the country reported tight labor markets. Firms were using "non-wag...Read More
Oct 24, 2018 Guest(s): Peter Hug Global Trading Director, Kitco Metals Gold breaking past its support level is a bullish momentum indicator, said Peter Hug, global trading director of Kitco Metals. "Gold was trading in the $1,180 range [a few weeks ago]. We suggested at that time gold holding $1,1180 was a positive momentum indicator and we were actually bullish gold," Hug told Kitco News. Hug a...Read More
(Kitco News) - If the Fed continues to steadily raise interest rates higher, gold will replace U.S. Treasuries as the “ultimate risk-off asset,” according to the New York-based INTL FCStone.“If, as I expect, rates will go higher for longer, much higher for much longer, gold will replace Treasuries as the ultimate risk-off asset, and investors should own it as an insurance against...Read More
(Kitco News)- There appears to be light at the end of the miningsector’s very long and very dark tunnel, according to one research firm.In an interviewwith Kitco News on the sidelines of the Mines and Money conference in Toronto,Michael Curran, managing director with Beacon Securities, said that his firm isstarting to see improving sentiment within the mining sector. “We are seeingjuni...Read More
Mr. Paul Reynolds reportsTRIUMPH GOLD ANNOUNCES RESULTS FROM EXPLORATION DRILLING IN THE GRANGER AND GUDER ZONESTriumph Gold Corp. has released the results of exploration drilling in the Granger and Guder zones on its 100-per-cent-owned, road-accessible Freegold Mountain property in Yukon. The Granger and Guder zonesare located in the central portion of a six-kilometre-long multielement soil anoma...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our...Read More
(Kitco News) - Gold prices aremodestly lower in early-afternoon U.S. trading Wednesday, on a normalcorrective pullback after good gains Tuesday that pushed prices to a nearlythree-month high. A strong U.S. dollar on the foreign exchange market was abearish outside market element working against the precious metals bulls today.December gold futures were last down $2.90 an ounce at $1,233.90. Decemb...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD EXPANDS ITS DISTRICT-WIDE LAND PACKAGE BY 15 SQ. KM, ADDING SEVERAL NEW TARGET AREAS, BULLFROG DISTRICT, NEVADA Corvus Gold Inc. has expanded its district-wide land package by approximately 14 per cent and now controls 100 per cent of 123.1 square kilometres in the Bullfrog mining district. The new 15.2-square-kilometre land package was staked as open ground...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. L53-DD1 THAILAND OIL DISCOVERYPan Orient Energy Corp.'s L53-DD1 exploration well has encountered an interpreted and combined 26 metres of net oil pay within three separate sandstone reservoirs between a true vertical depth of 960 metres to 1,125 metres. This interpretation was based on conventional open-hole wireline logs and hydrocarbon indication...Read More
The Columbus Day holiday appears to have messed around with the mortgage numbers, but a week later the numbers are now clearer, and so is the message.Higher interest rates are hitting homeowners hoping to refinance and homebuyers hoping to get in on the fall housing market.Diana Olick| @DianaOlick Published 14 Hours AgoUpdated10 Hours AgoCNBC.com show chapters New home sales down 5.5% in Septem...Read More
(Kitco News)- While 2018 has not been a positive year for the miningsector, the rumors of its demise are greatly exaggerated, according to onefinancing executive.Chad Williams, president of Red Cloud Klondike StrikeAlthough the sector has struggled to find investmentcapital, the Canadian mining sector continues to dominate deal flow, raisingthe most money out of any other sector in Canada, Chad Wi...Read More
(Kitco News)- Not only is gold in the midst of a digital revolution butthe marketplace will see a significant advancement in transparency.Fin-tech start up, Tradewind Markets has announced a newaddition to its digital gold and silver exchange, Vaultchain Gold. The platformwill now include a provenance application, which will allow traders andinvestors to see where their gold came from and how it w...Read More