Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP.: THAILAND SUCCESSFUL APPRAISAL WELL L53-DD2Pan Orient Energy Corp.'s L53-DD2 appraisal well has encountered an interpreted combined approximately 32 metres of net oil pay within four separate sandstone reservoirs between a true vertical depth of 1,044 metresto 1,105 metres. This interpretation was based on conventional open hole wire line logs, hydr...Read More
Mr. Glen Williams reportsSPROTT ANNOUNCES 2018 THIRD QUARTER RESULTSSprott Inc. has released its financial results for the three months ended Sept. 30, 2018. Financial overview (three-month results): Assets under management (AUM) were $10.1-billion as at Sept. 30, 2018, compared with $11.1-billion as at June 30, 2018.Investable capital stood at $193 million as at Sept. 30, 2018, compared with $29...Read More
(Kitco News) -Money managers trimmed theirbearish positioning in gold during the most recent reporting week for datacompiled by the Commodity Futures Trading Commission, although these accountshave likely reversed course since and are accumulating bearish positions again,analysts said.During the week-long period toNov. 6 covered by the report, Comex December gold gained $1 to $1,226.30 anounce, wh...Read More
Mr. Peter Grosskopf reportsPRECIOUS METAL INDUSTRY LEADERS APMEX AND SPROTT LAUNCH ONEGOLD, FIRST ONLINE MARKETPLACE TO SECURELY BUY, SELL AND REDEEM DIGITAL GOLD AND OTHER PRECIOUS METALSAPMEX Inc. and Sprott Inc. have launched the OneGold website, the first on-line marketplace to securely and conveniently buy, sell and redeem digital gold and other precious metals. Both partners bring decades of...Read More
Mr. Rudi Fronk reportsSEABRIDGE GOLD SECURES $14.0 MILLION PRIVATE PLACEMENTSeabridge Gold Inc. has secured a non-brokered private placement of one million common shares of the company at a price of $14 per share for gross proceeds of $14-million. No commissions are payable on this transaction. The proceeds from the financing will be used to finance general working capital requirements and a 2019...Read More
Mr. Paul Kuhn reportsAVRUPA CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT AND BEGINS DRILLING PROGRAM AT ALVALADE, PORTUGALAvrupa Minerals Ltd. has closed the first tranche of its private placement of $500,000 composed of 10 million units as announced on Oct. 22, 2018.With the closing of this first tranche, Avrupa will begin its 2,500- to 3,000-meter drilling program at the Alvalade copper-zinc VMS Pr...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
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP.: THAILAND SUCCESSFUL APPRAISAL WELL L53-DD2Pan Orient Energy Corp.'s L53-DD2 appraisal well has encountered an interpreted combined approximately 32 metres of net oil pay within four separate sandstone reservoirs between a true vertical depth of 1,044 metresto 1,105 metres. This interpretation was based on conventional open hole wire line logs, hydr...Read More
The U.S. dollar rally has resumed in the wake of last week’s meeting ofthe Federal Open Market Committee, says Brown Brothers Harriman. “U.S. rates are headedhigher, while event risk in the euro zone and the U.K. remain in place,” BBHsays. Analysts say the news flow this week is expected to be dollar-supportive. Consensusestimates call for the October U.S. Consumer Price Ind...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average declined sharply on Monday after finishing last week with a gain of 2.8%.Apple Inc. (AAPL) fell 5% on Monday after a key supplier issued a profit warning, increasing investor concerns that iPhone demand may be waning.Alibaba Group Holding Ltd. (BABA) generated a record $30.8 billion in sales...Read More
Lead`s three-month price dropped almost 2% during the London Metal Exchange closing trade session on Monday November 12, followed by a 1% drop in the three-month zinc price. Lead`s three-month price dropped almost 2% during the London Metal Exchange closing trade session on Monday November 12, followed by a 1% drop in the three-month zinc price. Lead futures closed at $1,929 per tonne, down 4...Read More
WASHINGTON (Reuters) - The U.S. Commerce Department has submitted draft recommendations to the White House on its investigation into whether to impose tariffs of up to 25 percent on imported cars and parts on national security grounds, two administration officials said.The “Section 232” recommendations on ensuring a healthy U.S. auto industry are undergoing an interagency review proces...Read More
Jessica Resnick-AultNEW YORK (Reuters) - U.S. crude prices fell for the 11th consecutive session, the most on record since the contract began trading, retreating from a rally early in the session as U.S. President Donald Trump said he hoped there would be no oil output reductions.Trump’s comment followed remarks from Saudi Arabia’s energy minister saying OPEC was considering cutting su...Read More
Nyrstar's share price plummeted by more than 57% overnight in one of the biggest one-day declines on record for the global multi-metals company, while a broad restructuring of its debt remains one of the most likely options for it to pursue, according to equity analysts at ABN AMRO Group.Both Nyrstar's equity and bonds hit an all-time low of ?,?0.52 per share over the afternoon on Monday November...Read More
Sluggish demand could lead to softer spot copper premiums in China next year, according to Arc Resources general manager Milton Li."I am not as optimistic as smelters in terms of spot premiums next year. I barely see any bright spot in Chinese copper demand. Both in terms of financing and consumption - demand is not looking particularly great," Li told Fastmarkets during an interview on Friday Nov...Read More
IDAHO FALLS, Idaho, Nov 12 (Reuters) - The Federal Reserve will likely need to raise rates another two or three times over “the next period of time,” but it is too soon to know if a rate hike will be needed next month, San Francisco Federal Reserve Bank president Mary Daly said Monday.“My modal forecast is for two to three (rate hikes) over the next period of time, with the exact...Read More
Australian lithium-spodumene producer Altura secured a binding offtake agreement with Chinese lithium producer Ganfeng International, a wholly owned subsidiary of Ganfeng Lithium, on Friday November 9.Altura will supply 70,000 tonnes per year of lithium spodumene, min 6%, from 2019 until the end of 2021. The price of the material will range from a minimum of $550 per tonne to a maximum of $950 per...Read More
NEW YORK (Reuters) - The U.S. dollar surged on Monday to its highest point in 16 months against a basket of currencies and world stocks fell broadly amid concern about political risks in Europe, while U.S. and European technology shares were hammered.Major U.S. stock indexes dropped more than 1 percent, with the tech-heavy Nasdaq slumping over 2 percent. Indexes were weighed down by a 4.3-percent...Read More
Phil Rothenberg, VP of Legal at Tesla, is leaving the company. He's been at Tesla for nearly 8 years; previously worked at the SEC. I assume Phil has a lot of stock and a lot of stock options, having been at the Company for eight years, including a nice chunk of options he's leaving on the table because they will never vest. If everything at the Company was as amazing as presented by Musk an...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate min 99.5% Li2CO3 battery grade, spot price range, ex-works China, yuan per tonne. Fa...Read More