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
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
Stocks trading under $5 per share offer several unique, but very important qualities for investors.One is that they make it easier for investors with smaller investment accounts - be it in their TFSA or RRSP - to build up a sizable position in their portfolios without having to fork out an arm and a leg for the company's shares.Another is that many institutional investors are governed by investmen...Read More
Underground mine development is on schedule and at planned rates, Lundin Gold ( TSX: LUG) expects to reach the ore body at its Fruta del Norte project in Ecuador during the first quarter of 2019, and pour first gold at around this time next year, the company says.Better than anticipated ground conditions, less water than expected and higher productivity of project contractors, have enabled Lundin...Read More
"It's your fault."That's what we're told to think about ourselves. That's what we're encouraged to think about each other.That's how we're hardwired to think. That's what they prey upon.That disembodied "you" is out there, undermining what you work for. Defying logic. Working against the common good.Do you feel it? Can you see it day-to-day? God only knows you're given plenty of anecdotal evidence...Read More
Star Diamond Corporation (TSX: DIAM)today announced that Rio Tinto Exploration Canada ("RTEC") commenced an HQ core drilling program on 11 holes and 3,300 metres of drilling on five kimberlites.This program is the first phase of drilling of the Brownfields exploration program to investigate and prioritise the Fort ? la Corne kimberlites outside of the Star and Orion South kimberlites The core dri...Read More
U.S. stocks tumbled in trading this afternoon with selling pressure a result of multiple factors. After producing respectable gains throughout the week, U.S. equities reacted to two major events, as well. First, market participants reacted to the statement released by the Federal Reserve yesterday from this month's FOMC meeting. Second, data suggested a "hotter-than-expected" reading on producer p...Read More
(Kitco News)- Goldhas given up its October gains and analysts say that it will be difficult forthe yellow metal to rally as oil prices fall into bear-market territory,according to some commodity analysts.We’reonly in the first week, but November is proving to be a disappointing month forgold as the yellow metal trades near a four-week low. December gold futures last traded at $1,208.60 an ou...Read More
(Kitco News) - Gold prices are trading solidly down and at a four-week low inlate-morning action Friday. Early losses have been extended on technicalselling pressure, including sell stop orders being triggered when key chartsupport levels were breached. Bearish "outside markets" today thatinclude a higher U.S. dollar index and lower crude oil prices are pressuringthe precious metals mar...Read More
Permitting at Sandfire Resources' (TSXV: SFR; US-OTC: SRAFF) Black Butte copper project in Montana has been delayed by a new statewide standard for nitrogen during the growing season.The company says it will expand its mine plan to include a treated water reservoir that can meet Montana's new pollution standards year round. It has to add the information to its draft environmental impact statement...Read More
Published 11 Hours AgoUpdated11 Hours AgoThe Associated Press show chapters Producer price index up 0.6% in October 9 Hours Ago |04:49 U.S. wholesale prices rose by the most in six years last month, led higher by more expensive gas, food, and chemicals.The Labor Department said Friday that the producer price index - which measures price increases before they reach the consumer...Read More
(Kitco News)- Wall Street changed its near-term outlook on gold pricesand now looks for the metal to continue to decline on an expectation for moreU.S. rate hikes, although Main Street still leans bullish, according to theweekly Kitco News gold survey.The Federal Open Market Committee wrapped up a meeting Thursdayin which policymakers issued a statement saying economic activity remains“stron...Read More
Construction is accelerating at Fortuna Silver Mines' (TSX: FVI; NYSE: FSM) Lindero project in Argentina and commercial production will start as planned at the end of the third quarter next year, the company says."The project has gained significant momentum," Jorge Ganoza, Fortuna's president and CEO, told analysts and investors on a conference call on its third quarter results.Fortuna decided to...Read More
ALROSA, the world's largest diamond miner, today announced diamond sales results for October and the first ten months of 2018.In October, ALROSA Group sold $242.8 million worth of rough and polished diamonds, down 28% YoY. Rough diamond sales by value amounted to $233.9 million, polished diamond sales were $8.9 million. In October, demand for small-size inexpensive rough diamonds remained weakALRO...Read More
(Kitco News)- Goldprices remain under pressure, and are trading at session lows after producerprice inflation came in much hotter than expected last month.Friday,the U.S. Labor Department said its Producer Price Index (PPI) rose 0.6% in Octoberfollowing an increase of 0.2% in September; the data was stronger than expectedwith economists' forecasting an increase of 0.2%.CorePPI, which strips out vo...Read More
The U.S.Midterm Election ending without any surprises, and had stock prices soaringhigher on Wednesday, while gold was essentially unchanged. With equitiesbeing bid higher, gold is losing an important safety-related support with thereturn of “risk-on” among equity investors. Although theexpected results saw just a 0.12% lift in gold, the GDX sold off into the closeas most traders...Read More
Gold has come under pressure thelast few days, but from a long-term perspective, the pattern has held up andall signs point to higher prices. We can look at the trade in gold a couple ofways -- we can panic because it's down 2% from its recent highs or rejoice thatit's still 5% higher than the lows.In other words, is the glass halfempty or half full? We will choose to look at the glass half full....Read More
PretiumResources Inc. (TSX, NYSE: PVG), which operates the Brucejack Mine in BritishColumbia that began commercial production in July 2017, reports adjustedearnings rose to $26.3 million, or 14 cents per share, in the third quarter, upfrom $14 million, or 8 cents, in the same period a year ago. Net earnings were$10.7 million, or 6 cents per share, compared to a net loss of $7 million, or 4cents, a...Read More
Investors and company leaders are gearing up for the Technology and Low Emission Minerals Conference (TLEM) to be held in Perth next week, with the conference boasting an impressive line-up of emerging and established Australian battery metal companies.TLEM features companies producing from or developing projects focused on lithium, graphite, vanadium, cobalt, manganese, magnesium, rare earths and...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed lower for the first time in five sessions. Walt Disney Co. (DIS) rose 2% after the media giant's fiscal fourth-quarter earnings topped Wall Street estimates.Yelp Inc. (YELP) plunged 27% after the online review site missed analysts' quarterly revenue estimates. Wall S...Read More