With silver and platinum group metal (PGM) prices on the upswing on the back of a gold price rally, there is a renewed interest by investors in mining companies. Below, we provide an overview of seven industry players, from exploration, through to development and operations, with exposure to the metals.Americas Gold and SilverMiners in hoist at Americas Gold & Silver Galena mine in Idaho. Credit:...Read More
With the relentless stream of bad news bombarding us these days, we need to take comfort where we can, so it was nice to see evidence that some level of justice can prevail.After a lengthy investigation, the Commodity Futures Trading Commission in the U.S. has fined JPMorgan Chase & Company and its subsidiaries, JPMorgan Chase Bank and J.P. Morgan Securities LLC, US$920 million for market manipula...Read More
Institutional investors, industry groups and experts are divided on a set of substantial capital markets reforms being proposed by Ontario's capital markets modernization taskforce.The taskforce, set up in February by Ontario Finance Minister Rod Phillips, released a set of 47 proposed reforms over the summer that could impact mining issuers if they were implemented. The suggestions included intro...Read More
Egypt-focused gold miner Centamin (TSX: CEE; LON: CEY) has announced that its total output targets for 2020 will be affected by safety-related delays at its flagship Sukari mine in Egypt.The company said radar systems detected a movement in Sukari's open pit Stage 4 West wall, which prompted it to immediately defer open-pit mining operations in that zone. Work in the area was scheduled to start du...Read More
Scotgold Resources (LON: SGZ) has found signs of more precious metals at its Cononish gold and silver project in Scotland's Highlands, which is expected to pour first gold by Nov. 30.The company said this week that soil samples in an area to the northeast of the project suggest the gold and silver structures may extend further than initially expected.Located in the Highlands north of Glasgow, the...Read More
Prices for cargoes of steel scrap imported to Vietnam held largely stable in the week to Friday October 2 following a reduction in volumes offered by Japan. Participants in Taiwan and South Korea have been away from the market for much of the week due to their Mid-Autumn Festival holidays, leaving only Vietnam among major purchasers of Japan scrap, but no new deals were heard closed this week. Off...Read More
Import prices for containerized ferrous scrap in the key Taiwanese market were unchanged in the week to October 2 due to a major holiday in the territory, sources said.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $270 per tonne on Friday October 2, unchanged from Thursday and down by $2-5 per tonne from...Read More
An Indonesian nickel smelting project being built by China's Tsingshan Group and partner companies to produce battery-grade chemicals has withdrawn a request to dispose of waste in the ocean, a government official said on Friday.Read full newsRead More
CALGARY - Kinross Gold Corp. is moving to secure additional supply for its Alaska gold operations by buying a controlling interest in the Peak Gold project from Royal Gold, Inc., and Contango Ore, Inc., for $125 million. Toronto-based Kinross has agreed to pay Royal Gold about $66 million for its entire 40 per cent stake and $59.6 million for half of Contango's 60 per cent share, leaving Conta...Read More
TORONTO, Sep 30, 2020 (GLOBE NEWSWIRE via COMTEX) --Project to leverage the Company's Fort Knox mill and expected to add to production and cash flow profile...Read full newsRead More
President Trump signed an executive order declaring a national emergency in the mining industry, ordering the Interior Department to increase domestic production of rare-earth materials to reduce t...Read full newsRead More
Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.Read full newsRead More
Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More
Sienna Resources Inc. is pleased to announce it has commenced opeRead full newsRead More
Sanatana Resources Inc. has granted incentive stock options to diRead full newsRead More
Sentinel Resources Corp. is pleased to announce that it has acRead full newsRead More
Maple Gold Mines Ltd. is very pleased to announce the appointmentRead full newsRead More
The first debate between sitting president Donald Trump and Democrat hopeful Joe Biden didn’t exactly overwhelm viewers. With the election now only a few weeks away, polls are showing an American electorate on a knife-edge. Investors are similarly split as the world watches the biggest economic power with baited breath.A frothy fourth quarter for stock marketsWill the new year see Trump hang...Read More
Bob KirtleyPosted Oct 4, 2020IntroductionToday, we will take a look at the damage inflicted on this sector by the recent sell-off and try to ascertain just what lies ahead for the precious metals stocks involved in gold and silver mining.We will commence with a look at the charts for gold and silver prices followed by a comparison of gold’s progress versus that of the Gold Bugs Index (HUI) a...Read More
Established in 1888, De Beers Group is the world's leading diamond company, with expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world's largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. We learned fro...Read More