First Vanadium Corp. (formerly Cornerstone Metals Inc.) (TSXV: FVAN) (OTCQX: CCCCF) today announced that it has expanded the Carlin vanadium deposit following results from its Phase 2 drilling on the project in Nevada.The raw material is primarily used to strengthen steel. CEO Paul Cowley said this is an excellent start to the deposit expansion, with intercepts of good grade and thickness so near...Read More
Investorsand market participants seem unfazed while bidding the U.S. equities upsubstantially following the midterm elections which resulted in the DemocraticParty now controlling the House of Representatives. Although the Senate remainsfirmly in control by the Republicans, yesterday's election gave Democrats the needed majority to control the House ofRepresentatives.With one hour left in trading,...Read More
Resource and expansion drilling at the Kutcho copper-zinc project in B.C. has extended mineralization down dip of its Main deposit, reports Kutcho Copper Corp. (TSXV: KC; US-OTC: KCCFF).Mineralization was extended 50 metres down dip from previous drilling and beyond the project's existing resource model in drill hole KC18-280, which returned a 5.4 metre intercept from 193 metres down hole grading...Read More
Canadian investors are searching for top-quality stocks that are recovering after the October pullback and could deliver attractive returns heading into next year.Let's take a look at a global market leader in the TSX Index that might be an interesting pick for your TFSA portfolio.Nutrien (TSX:NTR)(NYSE:NTR)Nutrien continues to work through the process of integrating the assets of Potash Corp. and...Read More
"I'm against very wealthy people influencing elections, but as long as it's doable I'm going to do it."- Sheldon AdelsonAin't that the truth...Casino magnate Sheldon Adelson just dumped $30 million into Republican candidates for next week's elections. He also unloaded $82 million in the 2016 presidential elections. He's not doing it for fun or charity; he obviously thinks he'll get a sweet return...Read More
(Kitco News) - Kinross Gold Corp. (TSX: K, NYSE: KGC) reversed to a lossin the third quarter as production and gold prices fell, the company reportedlate Wednesday.Excluding special items, the company listed an adjusted netloss of $48.4 million,or 4 cents per share, a turnaround from adjusted net earnings of $84.1 million,or 7 cents, in the same period a year ago.The net losswas $104.4 million, or...Read More
B2Gold (TSX: BTO; NYSE: BTG) produced a record 242,020 oz. gold in 2018's third quarter, 78% higher than in the same quarter of the previous year. It attributed its success to strong performances from the Kekola mine in Mali, the Masbate mine in the Philippines and the Otjikoto mine in Namibia.The company reported $324 million in gold revenue, 110% higher than in the same quarter of the previous...Read More
Nov 07, 2018 Guest(s): David Morgan The Morgan Report The silver market has been "stagnating" and needs renewed investor interest before prices recover and the gold-silver ratio drops below 80, said David Morgan editor of The Morgan Report. "What's going on is stagnation in the market. There hasn't been any fresh buying, there's been a lot of stale longs that have given up on the silver story,"...Read More
(Kitco News) - Gold and silver prices are slightly higher, but well down from earlier daily highs, in early-afternoon U.S. trading Wednesday. The metals were lifted by a drop in the U.S. dollar index today. December gold futures were last up $2.40 an ounce at $1,228.70. December Comex silver was last up $0.08 at $14.58 an ounce.Tuesday’s U.S. mid-term elections turned out as many had expecte...Read More
(Kitco News)- A shift in the political landscape following Tuesday’s midtermelections in the U.S. is only having a material impact on gold prices as the U.S.dollar loses some momentum.As many political pundits expected, the Democratic Party regainedcontrol over the House and the Republican Party retained control over theSenate, expanding their majority by five seats. While the U.S. dollar is...Read More
Toronto-based Barkerville Gold Mines has released the drilling results from the ongoing Cow Mountain program at its flagship Cariboo gold project near the town of Wells. The company says the results demonstrate the continuity of high grade gold mineralization within vein corridors and extensions down dip and down plunge.The results trace mineralized vein corridors at Cow Mountain extending the hig...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our m...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks rallied Wednesday to close near their highs of the day after Democrats won back control of the House of Representatives for the first time since since 2010.Twilio Inc. (TWLO) jumped 36% after the cloud communications company topped third-quarter earnings forecasts and raised its sales guidance.Michael Kors Holdings Ltd....Read More
Consumer attitudes toward both buying and selling homes dropped, with the former falling the most of all the six survey components, a sizable 5 percentage points. It tied its second lowest reading in the survey's history.Fewer consumers now expect home prices to rise, echoing other surveys that have shown a drop in the number of people who think owning a home is currently a good investment.Fewer c...Read More
Total mortgage application volume fell 4 percent last week from the previous week.Volume was 16 percent lower than a year ago.Rising interest rates are now weakening affordability further.Diana Olick| @DianaOlickPublished 13 Hours AgoUpdated10 Hours AgoCNBC.com Scott Mlyn | CNBC A man enters a Bank of America branch in New York.Rising interest rates are now clearly taking their toll on potentia...Read More
(Kitco News) - Australia’s weak currency is the key behind the country’s gold mining success, which is seeing new exploration and low debt levels, according to RBC Capital Markets.“The Australia gold mining sector is very healthy; we have strong margins and low to no levels of debt in the sector. There’s plenty of exploration upside, which can deliver some additional discov...Read More
Tuesday's U.S. elections tookplace and the results were as expected; the House turned blue and Republicans addeda couple of seats in the Senate. Gold had a very active night as well with abig rally on fear, sell-off on relief and now a rally towards the overnighthighs on relief.How do these results affect theprice of gold? The simple answer is they don't. Asset classes may react to thenews, but th...Read More
Sarah N. LynchWASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions was fired on Wednesday after unrelenting criticism from President Donald Trump over his recusal from an investigation into Russia’s role in the 2016 presidential race.Sessions’ departure was widely expected to come soon after Tuesday’s congressional elections in which Republicans retained their majority in t...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 ManganPublished3:30PM ET Tue,6 Nov 2018Updated9 Hours AgoCNBC.com...Read More
TahoeResources Inc. (TSX: THO, NYSE: TAHO) lists a third-quarter loss as resultscontinue to be hurt by suspension of operations at the giant Escobal silvermine in Guatemala. The Supreme Courtshut down the mine last year over a dispute on whether the Ministry of Energyand Mines properly consulted surrounding indigenous communities on the project.Tahoe’s July-September net loss was $190 mill...Read More