INN talked to Tania Carnegie of KPMG about whatRead full newsRead More
NxGold Ltd. (Read full newsRead More
"Adamera Receives Permits from US Forest Service to Drill Outlook Ridge High-Grade Gold Target https://t.co/SOdtCjg7Is"Read full newsRead More
Prime Meridian completes alteration study at Tango.Read full newsRead More
Pure Gold Mining (TSX-V: PGM and LSE: PUR), the company focused on advancing the Madsen Red Lake Gold Project to become Canada’s next major gold mine, received a huge endorsement in the eyes of investors this week, as mining money guru Eric Sprott poured his millions into the gold developer alongside key, strategic cornerstone investors; AngloGold Ashanti, the third largest gold minin...Read More
Gold and gold stocks especially continue to shrug off bits and pieces of bad news.No escalation in the trade war? The selloff lasted one day and the sector rebounded strongly the following day.Strong headline jobs number? Again, the weakness was a buying opportunity.This past week there was more.The June CPI report came in hotter than expected, which could mitigate the degree the Fed eases in the...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished up after New York Federal Reserve President John Williams said "it pays to act quickly to lower rates at the first sign of economic distress." Netflix (NFLX - Get Report) shares tumbled after the streaming service said it lost U.S. customers and added much fewer-than-expected new subscribers in marke...Read More
Nickel's three-month price on the London Metal Exchange continued its rally throughout afternoon trading on Thursday July 18, closing just below $15,000 per tonne amid a continued flurry of technical buying and a seven-year low in LME stocks. Nickel's three-month price on the LME closed at $14,850 per tonne, climbing over 5% from an intraday low of $14,300 per tonne to trade at an intraday high of...Read More
Ecuador's first large-scale open pit mining operation Mirador copper mine, in which Chinese copper smelter Tongling Non-ferrous owns a 70% stake, has been commissioned as of July 18, a report on Tongling Non-ferrous' website said.Construction of the project, located in the Zamora Chinchipe province of Ecuador, started on December 21, 2015.The facility is an entirely China-invested, designed, built...Read More
Hong Kong Exchanges & Clearing (HKEX) will launch US dollar-denominated London Metal Mini Futures for six base metals starting August 5, the exchange said recently. The company, which has wholly owned the London Metal Exchange since 2012, said that the new Hong Kong-listed contracts will be available for aluminium, zinc, copper, nickel, tin and lead. The move is the latest attempt from HKEX and th...Read More
(Kitco News) - The Fed's dovish position is likely to send gold several hundred dollars an ounce higher in the next six to 12 months, this according to Todd Gordon, founder of TradingAnalysis.com. "I don't think this is the birth of a new gold market. I do see upside though, into the $1,500s, $1,600s, potentially $1,700s but unfortunately I think at that point the Fed is going to start to reverse...Read More
Richard Hayes left a $45 million coin on the streets of Manhattan all day Tuesday, but he wasn't particularly worried about a thief carting it off. The coin-with Queen Elizabeth's profile pressed onto one side and a mid-hop kangaroo on the other-is beyond the wiles of the average pickpocket. It measures nearly 32 inches in diameter and is almost 5 inches thick. Oh, and it weighs about 2,200 pounds...Read More
Bob Moriarty ArchivesJul 18, 2019One of the great pleasures of my job is to revisit companies making solid progress after having done everything they said they would do. I got back a week or so ago from a quick dash to Japan where I got to visit the wonderful team ofIrving Resources. (IRV-C)Irving is seven holes into a scout-drilling program. Their brilliant technical teamhas already hit a discove...Read More
The spot gold price is around $1,422/oz, having gained earlier amid renewed expectations of a US interest rate cut, ongoing US-China trade tensions and the British pound weakening on the growing possibility of a no-deal Brexit.The silver price has risen more than 8% over the past 30 days.Silver equities were among the biggest market risers in Toronto yesterday, where Mexico-focused explorer Silver...Read More
Production at South32's Hillside aluminium smelter in South Africa increased by 3,000 tonnes to a record 715,000 tonnes during its 2019 financial year ended June 30, 2019, the producer said on Thursday July 18. Sales at the smelter increased by 4% in the June 2019 quarter to 191,000 tonnes from 183,000 tonnes in the same quarter in 2018. "We achieved record annual production at Hillside... Th...Read More
Conical spacers that can be retrofitted to its proprietary IsaMills, or incorporated in new mills, are said to be particularly effective the finer the regrind product required. The spacers have been commercialised, but Glencore Technology says tests on pyrite concentrate showed 12.7% to 21.5% reductions in specific energy draw in gold recovery with the P80 size ranging from 22um to 15um. The great...Read More
Combrinck will use his 15 years of industry experience to develop new distribution partnerships in southern Africa. "My main aim is to grow our market share here, and develop it into a leading sector for BI," he said.BI is a distributor of bearings and power transmission products in southern Africa. Read More
China's 10 biggest copper smelters have set a treatment and refining charges (TC/RCs) purchase price floor of $55 per tonne/5.5 cents per lb for the third quarter of this year, sources close to the matter told Fastmarkets on Thursday July 18.The latest price floor represents a 25% decrease compared with the second quarter's level of $73 per tonne/7.3 cents per lb and was set at the Copper Smelter...Read More
Expected interest rate cuts by all the central banks is supporting gold at the moment. European central bank is expected to cut interest rates in September. Trade war theme is still there. In short, all the factors are bullish for gold. Investment demand is on the rise with passing of each week. Economic growth news will be the key. Measures (other than interest rate or different forms of quan...Read More