Emerging geopolitical risks coupled with fears that global economic growth will slow sharply during 2019 makes now the time for investors to bolster their exposure to gold. The yellow metal has long been considered an incorruptible store of value and the ultimate safe-haven asset making it a key investment that investors can use to hedge against economic and political crises. One gold miner that h...Read More
X-Terra Resources (TSXV: XTT) today announced, in connection with NBGold Inc., the acquisition by way of an option of a 100% ownership interest in 34 mining claims comprising four mining properties in New Brunswick, Canada.The company says is has completed due diligence on the acquisition of the properties and the initial submission has been filed with the Exchange. X-Terra has commissioned the pr...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
This afternoon the Federal Reserve concluded this month's Federal Open Market Committee (FOMC) meeting. Immediately following the conclusion of today's meeting, the Fed released a statement. There was no press conference held after the meeting. However, Chairman Powell has stated that next year every meeting will conclude with a press conference. "The labor market has continued to strengthen and...Read More
Kinross Gold (TSE: K) has released its third quarter results, which indicate company achieved solid production and generated a positive cash flow. The company has operations in Nevada, Brazil, Ghana and Russia and they all performed well, said the company.On the production side, the company produced 586,260 gold equivalent oz. in Q3 2018, compared to 653,993 oz. in the same quarter in 2017. The pr...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
(Kitco News)- October’s equity correction, the biggest drop since the 2008financial crisis, wasn’t enough to derail the Federal Reserve’s plan togradually raise interest rates.As expected, the Federal Reserve left interest ratesunchanged following Thursday’s monetary policy meeting; however, manyeconomists noted that the central bank did not mention at all October’s e...Read More
Cobalt is almost always a byproduct of nickel and copper mining. Image: Glencore InstagramSince hitting near decade highs in March, cobalt prices are down by more than a third, languishing in the low $50,000s.Now a new report sees the battery raw material recovering some 30% in price. And quickly.While a change in subsidies in China, responsible for half the world's EV sales, hasn't helped, it's m...Read More
(Kitco News) - Silver is looking to outperform gold for the rest of the year, according to one gold bull, who is seeing strength in the precious metal that has struggled this year.“With gold/silver ratio close to its all-time high, silver is poised to surprise, to the upside, most investors into year-end,” Metal Bulletin precious metals analyst Boris Mikanikrezai wrote in a Seeking Alp...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
(Kitco News) - Gold andsilver prices arejust modestly lower in early-afternoon U.S. trading Thursday. A rebound in theU.S. dollar index today, following selling pressure this week, worked againstthe precious metals market bulls. The metals markets showed no significantreactions to the just-released FOMC minutes that show no change in U.S.monetary policy. December gold futures were last down $2.50...Read More
Mr. Brett Heath reportsMETALLA CLOSES SANTA GERTRUDIS ROYALTY ACQUISITIONMetalla Royalty and Streaming Ltd. has closed its previously announced acquisition of a 2-per-cent net smelter return (NSR) royalty on the Santa Gertrudis gold property located north of Hermosillo in Sonora, Mexico, from GoGold Resources Inc. (as disclosed in a news release dated Sept. 5, 2018) for $12-million (U.S.).Brett He...Read More
(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