(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
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
(Reuters) - Democrats have gained a net 32 seats in the U.S. House of Representatives after elections on Tuesday, with only seven races still undecided, according to the latest projections by media outlets and data provider DDHQ.The Democratic Party needed to pick up only 23 seats to wrest control of the chamber from the Republican Party.Following is the latest tally of seats that will change part...Read More
AsankoGold Inc. (TSX, NYSE American: AKG) reports a third-quarter loss but also listsrecord output. The loss was $0.3 million, or zero cents per share, compared to net income of$4.2 million, or 2 cents, in the year-ago period. The reduction was mainly dueto lower mine operating earnings on the Asanko Gold Mine joint venture and thestart of equity accounting for Asanko’s interest in the mine....Read More
Base metals on the London Metal Exchange were mostly higher at the close of trading on Thursday November 8, with both zinc and lead futures pushing higher on low LME inventories, while nickel failed to follow the uptrend.Climbing 3.9% over the afternoon, the three-month lead price reached an intraday high of $2,008.50 per tonne, which is 5% higher than its weekly low of $1,905 per tonne on Novembe...Read More
(Kitco News) -Hecla MiningCo. (NYSE: HL) Thursday reported a net loss for the third quarter as silveroutput fell and the price of all four of the metals produced by the companydeclined.The loss was$23.3 million, or 5 cents per share, comparedto net income of $0.2 million, or zero cents, for the same period a year ago.The company reported lower silver and gold production at San Sebastian and Greens...Read More
Hydro's Alunorte alumina refinery will continue to run at 50% capacity following a federal court ruling, Fastmarkets understands. The federal court has decided to uphold the decision, previously made by the Para state court, to halt operations of the refinery's DRS2 bauxite residue disposal for environmental reasons. Alunorte has been running at 50% capacity since March following the original deci...Read More
OTTAWA (Reuters) - Canada is pushing back against U.S. attempts to change the text of their September trade pact and the issue may have to be referred to ministers to settle, a Canadian source with direct knowledge of the matter said on Thursday.“Some of the stuff they (the Americans) have been putting forward is not at all what we agreed to,” said the source, who requested anonymity g...Read More
NEW YORK (Reuters) - The U.S. Federal Reserve held interest rates steady on Thursday and said ongoing strong job gains and household spending had kept the economy on track.“The labor market has continued to strengthen and ... economic activity has been rising at a strong rate,” the Fed said in its latest policy statement, leaving intact its plans to continue raising rates gradually.The...Read More