(Kitco News)- The gold market, while down on the day, is seeing littlereaction to the Federal Reserve leaving interest rates unchanged and setting the stage for another interest rate hike in December.Following its two-day monetary policy meeting, the U.S. central bank left interest rates unchanged within a range between2.00% and 2.25% as expected. However, in its statement, the committee reiterate...Read More
Michael Sheetz| @thesheetztweetzPublished 6 Hours AgoUpdated4 Hours AgoCNBC.com show chapters Kovacevich: Market will react negatively if Fed doesn't hike rates in December 4 Hours Ago |05:28 This is a comparison of Thursday's FOMC statement with the one issued after the Fed's previous policymaking meeting on September 26.Text removed from the September statement is in red...Read More
Mr. Michael Williams reportsVENDETTA REPORTS FINAL RESULTS FROM 2018 PEGMONT LEAD-ZINC PROJECT PROGRAM WITH HIGH GRADE INTERSECTIONS IN NEW ZONE 3 STRUCTUREVendetta Mining Corp. has provided the last batch of drill results from the 2018 resource development program on the Pegmont lead-zinc project in Queensland.New zone 3 structure pit highlights:PVRD170: 6.00 metres of 11.43 per cent lead plus zi...Read More
Torex Gold (TSX: TXG; US-OTC: TORXF) set a new record for gold production in 2018's third quarter.The company produced 100,346 oz. gold in dor?(C) plus 1,135 additional oz. gold in carbon fines. In the first nine months of 2018, the company produced 246,309 oz. gold in dor?(C), with 11,322 additional oz. gold in carbon fines.The company mined at an average grade of 2.6 grams gold per tonne in the...Read More
Mr. Paul Reynolds reportsTRIUMPH GOLD REPORTS RESULTS FROM DRILLING OF THE NUCLEUS AU-AG-CU DEPOSIT, FREEGOLD MOUNTAIN PROPERTY, YUKON TERRITORYTriumph Gold Corp.has releasedthe results from 4,159 metres of diamond drilling, in 21 holes, conducted in the Nucleus gold-silver-copper deposit area. Highlights of the 2018 Nucleus drill program include: Four high-grade gold intersections:19.8 grams per...Read More
Mr. Greg Smith reportsCALIBRE MINING STRENGTHENS MANAGEMENT AND BOARD OF DIRECTORS Calibre Mining Corp. has appointed two seasoned mining professionals to its board of directors. Effectively immediately, Russell Ball has been appointed as executive chair and Raymond Threlkeld joins the board as a director.Concurrent with these appointments, John Reynolds has stepped down from the Calibre board an...Read More
(Kitco News) - The Bank of England (BoE) is reportedly refusing to release gold bars worth just over $550 million to President Nicolas Maduro, who fears that U.S. sanctions against Venezuela would restrict access to that gold in the future, according to media reports.Maduro is attempting to repatriate at least 14 tonnes of gold the BoE is currently storing, the British newspaper The Times and Reut...Read More
Casa Berardi has record low costsCompany Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced third quarter financial and operating results.HIGHLIGHTSNet loss applicable to common shareholders of $23.3 million, or $0.05 per share on lower prices of all four metals.Cost of sales and other direct production costs and depreciation,...Read More
(Kitco News) - Merger-and-acquisition activityin the mining sector is likely to pick up in the next year, said theconsultancy EY in a report Thursday.The firm’s 19th Capital ConfidenceBarometer shows that 58% of global mining executives say they intend to pursuemergers and acquisitions in the next 12 months, compared with 46% across allsectors.Third-quarter deal value rose 25%from the prior...Read More
Baffinland Iron Mines Corporation today announced the results of its 2018 shipping program. From July 24 to October 17, Baffinland shipped approximately 5.1million tonnes of iron ore from its Milne Inlet Port to markets in Europe, the United Kingdom, Taiwan, and Japan. Baffinland also carried out two Northern Sea Route transits to Asia, a first for iron ore bulk carriage71 shipments carried an ave...Read More
Mr. David Wolfin reportsAVINO REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS Avino Silver & Gold Mines Ltd. has released the consolidated financial results for the company's third quarter ended Sept. 30, 2018. The financial statements and the Management Discussion and Analysis (MD&A) can be viewed on the Company's web site, on SEDAR and on EDGAR."During the third quarter of this year, the Co...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average edged higher Thursday after the Fed kept interest rates unchanged but left open the likelyhood of a December rate hike. Square Inc. (SQ) fell 10% after the payments company issued a fourth-quarter earnings forecast below analysts' expectations.Qualcomm Inc. (QCOM) sank 8.5% after the...Read More
The Federal Reserve appears on track to raise interest rates once more this year.The central bank will likely hold off on any action when its latest policy meeting ends Thursday.Investors will be parsing the statement the Fed will issue after its meeting for any sign that it might be rethinking its probable pace of credit tightening in the coming months. So far this year, the central bank has rais...Read More
Mr. Nav Dhaliwal reportsBONTERRA RESOURCES ANNOUNCES CLOSING OF $21.8 MILLION PRIVATE PLACEMENT Bonterra Resources Inc. has closed its previously announced brokered private placement for gross proceeds of $21,817,100.Sprott Capital Partners acted as lead agent on behalf of a syndicate of agents which included PI Financial Corp., Red Cloud Klondike Strike Inc., Canaccord Genuity Corp. and Haywood...Read More
Mr. Glen Williams reportsSPROTT INC. DECLARES THIRD QUARTER 2018 DIVIDEND Sprott Inc. has declared an eligible dividend of three cents per common share for the quarter ended Sept. 30, 2018, payable on Dec. 4, 2018, to shareholders of record at the close of business on Nov. 19, 2018. About SprottInc. Sprott is an alternative asset manager and a global leader in precious metal and real asset investm...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) -Gold remained modestly softer after Labor Department data Thursday showed thatinitial weekly U.S. jobless claims fell by 1,000 to a seasonally adjusted214,000 in the week to Saturday.Consensusexpectations compiled by various news organizations had called for initialclaims to be around 210,000 to 213,000. The gov...Read More
Mr. Guy Goulet reports CERRO DE PASCO APPOINTS DAVID SHAW, PH.D TO BOARD OF DIRECTORSThe board of directors of Cerro de Pasco Resources Inc. has appointed Dr. David Shaw, PhD, a highly accomplished independent geological consultant, to the company's board of directors.Dr. David Shaw has in excess of three decades of experience in the resource and finance industries with specific emphasis on techni...Read More
(Reuters) - Saudi Arabia's top government-funded think-tank is studying the possible effects on oil markets of a breakup of OPEC, the Wall Street Journal reported on Thursday, citing people familiar with the matter.The research project doesn't reflect an active debate inside the government over whether to leave the Organization of the Petroleum Exporting Countries in the near term, the Journal rep...Read More
Mr. Michael Williams reportsVENDETTA REPORTS FINAL RESULTS FROM 2018 PEGMONT LEAD-ZINC PROJECT PROGRAM WITH HIGH GRADE INTERSECTIONS IN NEW ZONE 3 STRUCTUREVendetta Mining Corp. has provided the last batch of drill results from the 2018 resource development program on the Pegmont lead-zinc project in Queensland.New zone 3 structure pit highlights:PVRD170: 6.00 metres of 11.43 per cent lead plus zi...Read More
Mr. Paul Reynolds reportsTRIUMPH GOLD REPORTS RESULTS FROM DRILLING OF THE NUCLEUS AU-AG-CU DEPOSIT, FREEGOLD MOUNTAIN PROPERTY, YUKON TERRITORYTriumph Gold Corp.has releasedthe results from 4,159 metres of diamond drilling, in 21 holes, conducted in the Nucleus gold-silver-copper deposit area. Highlights of the 2018 Nucleus drill program include: Four high-grade gold intersections:19.8 grams per...Read More