Canadian miners' performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of...Read More
(Kitco News)-Investors appear to be the clear winners in the ongoing fee waramong gold-backed exchange traded funds.This past month has been a milestone for two low-cost gold-backETFs. Last month, after celebrating its one-year anniversary, GraniteSharessaid its ETF (NYSE: BAR) has seen its assets under management surpass $350million.The ETF offers the lowest cost investment product in the goldmar...Read More
(Kitco News) - Gold andsilver prices are moderately lower in early-afternoon U.S. trading Tuesday. Amodest rebound in the U.S. dollar index today, as well as a rally in the U.S.stock market, put some downside pressure on the precious metals markets.Trading was choppy and two-sided as the world marketplace awaits the outcome ofthe U.S. mid-term elections. December gold futures were last down $5.10...Read More
CanmetMINING and COREM have signed a co-operation agreement to meet the needs of Canada's mining industry as it embraces innovation. The aim is to reduce the risks associated with adopting new technology that supports sustainability and competitiveness.The two hope to leverage their joint expertise and capability on projects of importance to the mining sector.CanmetMINING is part of Natural Res...Read More
Job openings edged lower in September to just over 7 million from a record 7.3 million the previous month.Vacancies remain well above the total level of 6.08 million workers counted as unemployed, according to the Labor Department's JOLTS survey.Jeff Cox| @JeffCoxCNBCcomPublished 10 Hours AgoUpdated8 Hours AgoCNBC.com show chapters September JOLTS report 7 million job openings ...Read More
Mr. Antonio Berlanga reportsTRAFIGURA COMMITS 2ND LOAN TRANCHE US$5 MILLION TO TELSON'S TAHUEHUETO MINE CONSTRUCTIONTelson Mining Corp. has received $5-million (U.S.) for the second tranche of the loan agreement with Trafigura Mexico SA de CV, advanced under the loan facility and offtake agreement originally announced by the company on Dec. 18, 2017, for the rehabilitation, construction, operation...Read More
(Kitco News) - Gold is due for a comeback even if the global equities space rallies following a recent correction, according to Wells Fargo, which projects to see the precious metal rise another 7% from current levels.“We suspect that gold could very well continue to rally as we exit 2018 and enter 2019, even if stocks do too. Our rolling 12-month gold target is $1,300—roughly 7% highe...Read More
Mr. Roger Rosmus of Goliath reportsGOLIATH REPORTS UP TO 110 GPT AU (3.21 OZ/T) AT 10% OWNED DSM GOLD STANDARD PROPERTYGoliath Resources Ltd. and Juggernaut Exploration Ltd. have released channel, chip and grab sample assay results of up to 110 grams per tonne gold (3.21 ounces per ton) from the Big Show zone vein system, measuring two kilometres by one km. It remains open in all directions contai...Read More
(Kitco News)- Although silver prices have significantly disappointingexpectations this past year, one precious metals specialist said that growingindustrial demand will continue to support the market and eventually attractinvestors.David Holmes, senior vice president at Heraeus, said in apresentation at the London Bullion Market Association’s 2018 precious metalsconference that the silver ma...Read More
Mr. Christian Grijalva reportsSAN MARCO ANNOUNCES DRILLING HAS COMMENCED AT THE CHUNIBAS CU-AG PROJECTDiamond drilling has commenced at San Marco Resources Inc.'s 100-per-cent-owned Chunibas copper-silver project, located in Sonora state, Mexico. San Marco and a wholly owned subsidiary of Antofagasta PLC have entered into an earn-in agreement to jointly explore and drill test several copper-silver...Read More
Mr. Sean Roosen reportsOSISKO DECLARES 17TH CONSECUTIVE QUARTERLY DIVIDENDOsisko Gold Royalties Ltd. will pay a fourth quarter 2018 dividend of five cents per common share. The dividend will be paid on Jan. 15, 2019, to shareholders of record as of the close of business on Dec. 31, 2018. For shareholders residing in the United States, the U.S.-dollar equivalent will be determined based on the dail...Read More
Mr. Josh Crumb reportsGOLDMONEY CONGRATULATES MENE INC. (TSXV:MENE) FOR ITS LISTING ON THE TSX VENTURE EXCHANGEGoldmoney Inc. is congratulating the entire team at Mene Inc., a luxury e-commerce 24-karat investment jewellery brand, for its achievements, as Mene commences trading today on the TSX Venture Exchange under the ticker symbol MENE.Goldmoney will declare a distribution of 3.99 million Clas...Read More
Mr. Sean Roosen reportsOSISKO REPORTS THIRD QUARTER 2018 RESULTSOsisko Gold Royalties Ltd. has released its consolidated financial results for the third quarter ended Sept. 30, 2018, and provided an update on matters following quarter-end. HighlightsEarned 20,006 gold equivalent ounces1 ("GEOs"), for year to date total GEOs of 60,548. Total 2018 annual GEOs is forecast to be in-line with the previ...Read More
(Kitco News)- The gold market could struggle through the rest of the year asthere is a lack of fundamental reasons to push prices higher, according to oneAustralian Bank.It is difficult to be overly bullish on gold as there is no newcatalyst that could dramatically drive prices higher, Macquarie precious metals analyst MatthewTurner told Kitco News on the sidelines of the London Bullion MarketAsso...Read More
Company Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today provided an update on its exploration programs during the third quarter.HighlightsLargest quarterly exploration program in company historyThere were up to 20 drills at 10 properties, 5 operating mines, all in North AmericaReserve price assumptions to determine this year's reserve...Read More
ELKO, Nevada, November 6, 2018 /PRNewswire/ --- U.S. Gold Corp. will drill up to 16,000 feet (approx. 5,000m) in approximately 8 holes - This program will assess a number of previously inaccessible targets because of previous permitting limitations - Identification, qualification, and prioritization of these targets were determined by means of detailed surface geology, geochemistry, and geophysi...Read More
Image courtesy of Rob Crandall/Shutterstock.com(Kitco News)- American voters are heading to the polls today to casttheir ballot in the much-anticipated midterm elections.Political pundits expect to see a split Congress with theDemocratic Party taking control of the House and the Republican Partymaintaining control of the Senate. While equity market and U.S. dollarinvestors appear to be favoring a...Read More
Nov 06, 2018 Guest(s): Brent Johnson CEO, Santiago Capital Midterm elections in the U.S. on November 6th may see the Republicans maintain control of both houses, said Brent Johnson, CEO of Santiago Capital. "I'm of the view that the Republicans will hold both Houses. And I think a lot of people think that the Democrats will get the House and the Republicans will keep the Senate and so we'll have...Read More
(Kitco News) -Gold holdings in globalexchange-traded funds and similar products rose in October by 16.5 tonnes forthe first monthly inflow in four months, the World Gold Council reportedTuesday.Holdings now stand at 2,345.6tonnes. Still, they are down 25.8 tonnes for the year to date.“Global stock markets experiencedtheir worst October since the 2008 financial crisis, with the MSCI All-World...Read More
John Edmonds, 36, pleaded guilty to one count of commodities fraud and one count of conspiracy to commit wire fraud, price manipulation and spoofing.Edmonds, a 13-year J.P. Morgan veteran, said that he learned how to manipulate prices from more senior traders and that his supervisors at the firm knew of his actions.Hugh Son | Dan ManganPublished 4 Hours AgoUpdated4 Hours AgoCNBC.com Scott Mlyn...Read More