Gold is “back in fashion,” says Lukman Otunuga, research analyst at FXTM. Spot metalhit a three-month high of $1,has been as high as $1,232.70 an ounce Monday andremains near that level, hovering just under $1,230 in early-Tuesday trading. “A combination of factors ranging from depressed equitymarkets, trade disputes, global growth fears and geopolitical tensions havebrought gold...Read More
Mr. David Wolfin reportsAVINO ANNOUNCES Q3 2018 PRODUCTION RESULTS; PROVIDES CORPORATE UPDATEAvino Silver & Gold Mines Ltd. has released its third quarter 2018 production results from its Avino property near Durango, Mexico.Consolidated production highlights for third quarter 2018 (compared with third quarter 2017): Silver equivalent production decreased by 7 per cent to 704,429 ounces (1).Go...Read More
Company Website: http://www.coeur.comCHICAGO -- (Business Wire)Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) is pleased to announce that it has entered into a definitive agreement (the "Agreement") to acquire a property package adjacent to its Rochester operation consisting of the Lincoln Hill Project, Wilco Project, Gold Ridge Property and other nearby claims (collectively, the "Proje...Read More
Mr. Chris Taylor reportsGREAT BEAR DISCOVERS KEY ULTRAMAFIC GEOLOGY DURING SUMMER MAPPING PROGRAM AT DIXIE PROJECT, RED LAKE DISTRICTGreat Bear Resources Ltd. has provided results from summer geological mapping, including a new geological discovery at its flagship Dixie project in the Red Lake district of Ontario.These new findings have provided additional high-priority drill targets.A fully finan...Read More
Alio Gold Inc. (TSX, NYSE American: ALO) has agreed to sell non-core assetsin Nevada to Coeur Rochester, Inc., a subsidiary of Coeur Mining, Inc., for $19million payable in shares of Coeur common stock. The assets being sold includethe Lincoln Hill project, Wilco project, Gold Ridge property and other nearbyclaims. Alio also says it reduced its outstanding debt with Macquarie Bank Ltd.from $1...Read More
(Kitco News)- Gold continues to garner bids as macro fundamentals continueto favor the upside risk. Uncertainties surrounding global trade, the Italianbudget, Brexit and the upcoming mid-term elections in the U.S. have the globalfinancial markets on edge. Although the equity market has somewhat stabilized,we are still over 1,000 points away from last week's high. The market remainsnet short and fu...Read More
Mr. Chuck Jeannes reportsORLA MINING APPOINTS JASON SIMPSON AS NEW PRESIDENT & CEO Jason Simpson will succeed Marc Prefontaine as Orla Mining Ltd.'s president and chief executive officer effective Nov. 12, 2018.In addition to the role of president and chief executive officer, Mr. Simpson will also serve as a director of the company.Marc Prefontaine, current president and chief executive office...Read More
Mr. David Wolfin reportsAVINO ANNOUNCES Q3 2018 PRODUCTION RESULTS; PROVIDES CORPORATE UPDATEAvino Silver & Gold Mines Ltd. has released its third quarter 2018 production results from its Avino property near Durango, Mexico.Consolidated production highlights for third quarter 2018 (compared with third quarter 2017): Silver equivalent production decreased by 7 per cent to 704,429 ounces (1).Go...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
A summary of base metals premiums from across the globe for the week to Tuesday October 16.Please click...Read More
The metals continue to hold theirground at higher levels; gold managed to hold $1,230 and silver $14.65. Allsigns point to higher prices, with both metals approaching key decision pointsonce again.The numbers to watch are $1,240 forgold and $14.80 for silver. A break above will be considered another breakoutand more than likely lead to a continuation of this rally while buildingstrength underneath...Read More
(Reuters) - U.S. stocks surged on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off.Wall Street’s three major indexes gained more than 1.5 percent each, with the Nasdaq up well over 2 percent.Technology, which sold off heavily in the recent pullback, led the gains as...Read More
Base metals prices on the London Metal Exchange made mixed movements at the close of trading on Tuesday October 16, broadly supported by a weaker US dollar index and a marginal recovery in global equity markets.Continuing to outperform the rest of the complex, the three-month lead price remains elevated, closing above $2,050 per tonne and up more than 10% from its fresh 2018 low of $1,876 per tonn...Read More
(Reuters) - Goldman Sachs (GS.N) will slow loan growth in one of its key new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon’s task to boost revenue by $5 billion by 2020.Stock trading and equity underwriting helped Goldman top profit estimates in the third quarter, the first for Solomon, who aims to reduce the ba...Read More
Rio Tinto lowered its 2018 guidance for aluminium by more than 4% on Tuesday October 16, to reflect the impact of the ongoing lock-out at the Becancour smelter in Quebec, Canada.The company's guidance figure for aluminium production has been revised to 3.4-3.5 million tonnes from 3.5-3.7 million tonnes previously, excluding any potential adjustment from the completion of the sale of the Aluminium...Read More
Higher October tender prices for ferro-chrome in China have boosted prices for imported ore and alloy. Chinese mills' tender prices boost spot prices for imported ore, alloyDomestic spot prices stable in China Alloy prices steady in Japan, South Korea European alloy prices continue to slide Alloy prices stabilize in the United StatesChrome ore and ferro-chrome import spot markets strengthened agai...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comOct 16, 2018 With a technical double bottom pattern as a launchpad, gold continues to move solidly higher while global stock markets get smashed.What comes next for these key markets and what are the main factors at play?Please click here now. Double click to enlarge this daily gold chart...Read More
(Reuters) - Wall Street’s top investment banks enjoyed a strong third quarter as strength in stock trading and equity underwriting added to the benefits from a strong U.S. economy and tax reforms.On Tuesday, Morgan Stanley (MS.N) showed gains from investment banking and trading businesses that outstripped those of traditional rival Goldman Sachs Group Inc (GS.N).However, Goldman’s equi...Read More
NEW YORK (Reuters) - Stocks bounced back on Tuesday across the world, supported by earnings expectations, while oil prices fell on evidence of higher U.S. oil production and increasing U.S. crude inventories.European shares rallied, pulling up from Monday’s 22-month lows, partly on expectations that the reporting season will deliver double-digit earnings growth. A rebound in Italian assets h...Read More
LONDON (Reuters) - There is still a one-in-four chance Britain and the European Union part ways in less than six months without reaching a deal, according to a Reuters poll taken as EU leaders prepare to meet in Brussels later this week.The stubborn problem of resolving the United Kingdom’s post-Brexit land border with Ireland thwarted an effort over the weekend to clinch a deal before this...Read More