Roxgold (TSX: ROXG; US-OTC: ROGFF) has reported additional results from the first phase of its infill drill program on the Koula prospect at its S?(C)gu?(C)la gold project in Cote d'Ivoire, 240 km northwest of Yamoussoukro and 480 km northwest of Abidjan.Highlights include drill hole SGRC919, which intersected 4 metres grading 108.9 grams gold per tonne starting from 32 metres downhole, including...Read More
Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) started trading on the London Stock Exchange on Oct. 13.The company will maintain a primary listing on the Toronto Stock Exchange as well as a listing on the New York Stock Exchange."We offer gold exposure via a high-quality, long-life asset portfolio in the Americas, organic production growth, a commitment to providing and increasing cash returns to sha...Read More
Shares in Newcrest Mining (TSX: NCM; ASX: NCM) were up almost 2% in pre-market trading in Canada, as the miner, Australia's largest gold producer, began trading on the Toronto Stock Exchange (TSX).The stock was up 1.8%, or 56 ?, to $30.25, as gold prices regained part of the ground lost following a sharp pullback on Oct. 13, and managed to reclaim the key US$1900 per oz. mark.Gold miners have bene...Read More
Kirkland Lake Gold (TSX:KL; NYSE: KL) reported third-quarter gold production of 339,584 oz., a 3% increase over the 329,770 oz. generated in the prior quarter. The Detour Lake and Fosterville mines led this output, producing 140,067 oz. gold and 161,489 oz. gold in the period, respectively.With 331,811 oz. of gold sales, at an average realized price of US$1,907 per oz., the producer closed out the...Read More
The U.S. recession caused by the coronavirus pandemic and subsequent lockdown may already be over, Fed Vice Chairman Richard Clarida said Wednesday.Read full newsRead More
Conventional folklore would have you believe it started in 1992 with Geoffrey Stokes, but the genesis of Diggers and Dealers can be traced back as far as 1983, to a lunch at the Windsor Hotel in Perth with Peter Briggs and Dr Ron Wise.Read full newsRead More
When miners at Indonesia's giant Grasberg gold and copper mine started testing positive for coronavirus early in the pandemic, the mountain-top mining complex was quickly locked down with a skeletal staff left in place to maintain production.Read full newsRead More
When miners at Indonesia's giant Grasberg gold and copper mine started testing positive for coronavirus early in the pandemic, the mountain-top mining complex was quickly locked down with a skeletal staff left in place to maintain production.Read full newsRead More
Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals pricesRead full newsRead More
The world's mines will produce 3,368 tonnes of gold this year, down 4.6% from 2019 and the lowest in 5 years, but high bullion prices will help to push up output by 8.8% to a record 3,664 tonnes in 2021, consultancy Metals Focus said on Wednesday.Read full newsRead More
September saw high volatility across the markets for all asset classes. The stock market fell from record highs with gold correcting since reaching a record high in early August. The same trend followed silver followed although both precious metals picked up steam on the downside in September when faced with the potential for risk-off conditions in markets. Lower gold prices and silver prices are...Read More
Warren Buffett is likely the biggest role model for people when it comes to stock market investing. The Oracle of Omaha has become a billionaire through his success over a decades-long incredible career as a professional investor. To be the best, many would suggest investing like the best.Warren Buffett is famous for investing primarily in U.S. stocks. However, he has dabbled in a few companies ou...Read More
Warren Buffett has faced his fair share of critics this year after having mostly sat on his hands during the 2020 market crash. The man threw in the towel on the airlines at a loss, ditched his favourite bank stocks, and scooped up shares of top-tier gold miner Barrick Gold (TSX:ABX)(NYSE:GOLD) and grocers. Indeed, it seems as though Warren Buffett is erring on the side of caution amid this unprec...Read More
Oct 15, 2020 With the Federal Reserve having expended almost all monetary tools now, the only major course of action left, short of directly buying ETFs, is more quantitative easing, said Danielle DiMartino Booth, CEO of Quill Intelligence."If you're at the zero bound, and the Fed has been at the zero bound for much of the last decade, if you're at the zero bound, the only discussion you're really...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 15 that are worth another look.Demand in India for steel and ferrous scrap will remain subdued for the rest of this year, while Pakistan and Bangladesh both show stronger demand, Zain Nathani has said during the online Bureau of International...Read More
DADA Holdings LLC, the principal owner of New Day Aluminum, and Canada-based green technologies firm Enervoxa have formed a joint venture (JV) to extract rare earth elements and minerals from bauxite residue at New Day's Gramercy alumina refinery in Louisiana, the United States. The venture, called ElementUS, will use Enervoxa technology to separate bauxite residue into its component materials, in...Read More
Bob Moriarty ArchivesOct 15, 2020For investors in the resource sector this year has to seem similar to one of those sick, good-news, bad-news jokes. As a result of some world-class stupidity from governments around the globe shutting down the world economy in response to what appears to be little more than a bad flu season pretty much guarantees the mass destruction of all fiat currencies.Even the...Read More
The Albras aluminium smelter joint venture in Brazil has ramped up production after the seven-month stoppage of one of its lines due to an electrical transformer catching fire, the company said on Wednesday October 14."Ramp-up conclusion on production line 1 will allow us to resume full capacity at Albras for all four lines," Albras president, Jo??o Batista Menezes, said in a written statement.The...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 15 that are worth another look.Demand in India for steel and ferrous scrap will remain subdued for the rest of this year, while Pakistan and Bangladesh both show stronger demand, Zain Nathani has said during the online Bureau of International...Read More
DADA Holdings LLC, the principal owner of New Day Aluminum, and Canada-based green technologies firm Enervoxa have formed a joint venture (JV) to extract rare earth elements and minerals from bauxite residue at New Day's Gramercy alumina refinery in Louisiana, the United States. The venture, called ElementUS, will use Enervoxa technology to separate bauxite residue into its component materials, in...Read More