Both gold and silver had a stellar performance today, moving sharply to higher pricing as the net result of both dollar weakness and market participants bidding up these precious metals. As of 3:15 PM Eastern standard time, gold futures are trading up $21.40 (+1.76%), and silver is up 3.38% (+ $ 0.473). Currently, the most active December Comex gold contract is fixed at $1,236.30, and silver futur...Read More
Mr. Michael Williams reportsVENDETTA OBTAINS EXTENSION TO THE PEGMONT PRE-PAID ROYALTY PAYMENT TO EARN 100% OF PEGMONT LEAD-ZINC PROJECTVendetta Mining Corp.has signed an amendment to its agreement with Pegmont Mines Ltd., the vendor of the Pegmont project.To obtain 100% of the Pegmont Project the Company had to complete certain drilling milestones and make option payments and a pre-paid royalty p...Read More
Amid a lackluster gold market, Central banks' demand for gold remains robust, and overall consumer market demand is up 13%, a World Gold Council report on Q3 demand trends released today has revealed.The World Gold Council found that gold demand reached 964.3 tonnes in Q3, which was 6.2 tonnes higher year-over-year. Central bank buying reached a three year high in September, and emerging marke...Read More
Nov 01, 2018 Guest(s): Patrick Ceresna Founder & Chief Derivative Market Strategist, Big Picture Trading Investors should brace for a possible bear market in equities for 2019, and there are a number of safe haven assets to turn to on top of gold, said Patrick Ceresna, founder and chief derivative market strategist at Big Picture Trading. "I think everyone's a little too bearish on treasury bond...Read More
From 1996 until 2010, Zone 87 at the Troilus mine in Quebec was responsible for the majority of the 2 million ounces of gold and 70,000 tonnes of copper that was produced at the open-pit mining operation.The Z87 pit ultimately ran 350 metres deep and had a strike length of about 900 metres.Now junior explorer Troilus Gold (TSXV: TLG) is trying to bring that zone and others on its property back i...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD, PRELIMINARY ECONOMIC ASSESSMENT RESULTS FOR COMBINED NORTH BULLFROG AND MOTHER LODE DEPOSITS, NEVADACorvus Gold Inc. has provided its results for its initial preliminary economic assessment (PEA) combining the North Bullfrog-Mother Lode projects in southwest Nevada. Results outline a large new Nevada mining project with attractive preliminary production stat...Read More
(Kitco News) - The U.S. dollar and economic growth can’t keep going up indefinitely and next year will be the time for a slowdown, according to one French bank, which is bullish on gold and silver in 2019.“We are bullish on gold prices, mainly due to our expectations of a weaker dollar in 2019. We think that the weaker currency and macroeconomic environment will be the main driver behi...Read More
President Donald Trump says he talked to Chinese President Xi Jinping about trade amid tensions between the world's two largest economies.Trump says the conversation was productive, but he did not provide any details about progress.The White House is considering whether to levy tariffs on an additional $267 billion in Chinese goods.Jacob Pramuk| @jacobpramuk Published 11 Hours AgoUpdated8 Hours Ag...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) has shrugged off some shareholders concerns about the company not being in position to buy new assets, and announced the acquisition of Mason Resources (TSX:MNR) for C$31 million (about $24m).Disclosing the deal after the market closed on Wednesday, Hudbay president and chief executive officer Alan Hair said that while the company believed the most...Read More
(Kitco News) - Cryptocurrencies have no place inthe global economy as a legitimate unit of money, this according to JanetYellen, former Chair of the Federal Reserve.“I am not a fan of bitcoin, let metell you why,” Yellen told an audience during a live panel at the 2018 CanadaFinTech Forum in Montreal on Monday.Yellen said that cryptocurrencieslike bitcoin lack the necessary characteris...Read More
(Kitco News) - Gold andsilver prices are posting strong gains in early-afternoon U.S. tradingThursday. Traders in both metals have stepped in to buy the dips on someperceived bargain hunting, and by heavy short covering from the futurestraders. Also, precious metals are seeing good buying interest as the U.S. dollar index is posting sharp losses today, on a corrective pullback fromrecent gains tha...Read More
9.9 Metres Grading 3,212 gpt AgEq3.5 Metres Grading 4,570 gpt AgEq11.1 Metres Grading 879 gpt AgEqVancouver, British Columbia--(Newsfile Corp. - November 1, 2018) - SilverCrest Metals Inc. (TSXV: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce further Phase III drill results for the Las Chispas Property (the "Property") located in Sonora, Mex...Read More
Mr. Derek White reportsASCOT DRILLING AT UNICORN INTERSECTS MORE HIGH-GRADE GOLDAscot Resources Ltd.'s diamond drilling at the Unicorn area near the Big Missouri ridge has intercepted high-grade gold mineralization. The 2018 drill program is now complete and results are being integrated into a resource update for the entire property including Premier/Northern Lights and all parts of the Big Misso...Read More
BOSTON - (Kitco News)- Silver has not been the shiningmetal that TD Securities was expecting it to be in 2018, but the firm is notgiving up on the precious metal as analysts see it outperforming gold in 2019.In an interview with Kitco Newsduring the London Bullion Market Association’s 2018 conference, Bart Melek,head of commodity strategy at TDS, said there have been several factorsconspirin...Read More
Mr. Michael Williams reportsVENDETTA OBTAINS EXTENSION TO THE PEGMONT PRE-PAID ROYALTY PAYMENT TO EARN 100% OF PEGMONT LEAD-ZINC PROJECTVendetta Mining Corp.has signed an amendment to its agreement with Pegmont Mines Ltd., the vendor of the Pegmont project.To obtain 100% of the Pegmont Project the Company had to complete certain drilling milestones and make option payments and a pre-paid royalty p...Read More
WASHINGTON (Reuters) - Washington ratcheted up pressure on Venezuela’s leftist President Nicolas Maduro on Thursday with new measures aimed at disrupting the South American country’s gold exports, U.S. national security adviser John Bolton said.Bolton promised a tough stance by the Trump administration toward “dictators and despots near our shores” and singled out Venezuela...Read More
Nov 01, 2018 Guest(s): Rob McEwen The large-cap miners have dissuaded investors from entering the mining sector space with their lackluster performance and shrinking production profiles, said Rob McEwen, chairman of McEwen Mining. "The majors haven't done any favors to the sector. They've gone out and they've sold off production so their growth curves have a negative slope to them. They got rid...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD, PRELIMINARY ECONOMIC ASSESSMENT RESULTS FOR COMBINED NORTH BULLFROG AND MOTHER LODE DEPOSITS, NEVADACorvus Gold Inc. has provided its results for its initial preliminary economic assessment (PEA) combining the North Bullfrog-Mother Lode projects in southwest Nevada. Results outline a large new Nevada mining project with attractive preliminary production stat...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose for a third day in a row Thursday, building on a strong two-day rally that closed out a tough October for the blue-chip index. The Dow fell 5.1% last month.DowDuPont Inc. (DWDP) rose 8% after the chemicals company earned 74 cents a share in the third quarter, beating forecasts by 3 cents.&n...Read More
(Kitco News) - Gold demand was largely unchanged in the third quarter of the year, as massive gold-backed exchange-traded-fund (ETF) outflows were offset by consumers taking advantage of lower gold prices, the World Gold Council (WGC) said in its Gold Demand Trends report.Total global gold demand was 964.3 tonnes in Q3, just 6.2 tonnes higher on an annual basis, the WGC said on Thursday.The Counci...Read More