Recent News

EPA chief recused from Bristol Bay mine his former law firm represented

March 26, 2019 / www.mining.com

EPA Administrator Andrew Wheeler is formally recusing himself from agency reviews and permitting decisions on a proposed gold and copper mine near Alaska's Bristol Bay amid criticism his former law firm represented the developer.Wheeler promised to steer clear of matters involving the controversial Pebble Mine in an updated March 20 recusal statement, two years after his former employer, Faegre Ba...Read More

Stock Futures Rise as Bond Yields Stabilize

March 26, 2019 / www.schaeffersresearch.com

Investors are keen for updates to U.S.-China trade talksDow Jones Industrial Average (DJI) futures are trading above fair value today, following Monday's hard-fought win for the blue-chip barometer. A double-dose of news has investors optimistic today. First, the yield on the 10-year Treasury note has stabilized near 2.4%, after the yield curve inversion last week incited panic selling. Second,hi...Read More

METALS-Copper steady as growth concerns deepen and trade talks loom

March 26, 2019 / www.kitco.com

* GRAPHIC-2019 asset returns: (Adds closing prices)By Zandi ShabalalaLONDON, March 26 (Reuters) - Copper prices held steady onTuesday as a murky global economic growth outlook sapped demandahead of a new round of trade talks between the United Statesand China this week.Benchmark copper ended 0.2 percent lower at $6,330 atonne, having touched its lowest in a month in the previoussession before clos...Read More

How Legal Marijuana Could Deliver +10,000% Returns

March 26, 2019 / www.schaeffersresearch.com

The passage of Bill C-45 could be a signal to early investors that pot stocks are ready to pop.With Bill C-45 now in effect, it's possible that in the very near future, investors may be seeing stock market gains that will never be seen again. This is a sentiment echoed by The New York Times, which reported that when this bill passes as expected, it will "completely legalize marijuana as a consu...Read More

Tech Stocks Face Round-Number "Double Jeopardy"

March 26, 2019 / www.schaeffersresearch.com

The Nasdaq-100 Index just bumped into an under-the-radar round numberRegular followers of our technical analysis are well aware that we tend to favor "under the radar" indicators -- say, the 320-day moving average over the 200-day, or the Relative Momentum Index (RMI) over the Relative Strength Index (RSI). By incorporating these less-popular metrics into our chart studies alongside the "usual sus...Read More

World's largest copper producer brings AI to its mines

March 26, 2019 / www.mining.com

Chile's Codelco, the world's No. 1 copper producer, will incorporate artificial intelligence (AI) into its mines to monitor the health of mining equipment and ensure operations run efficiently, as part of a deal signed Tuesday with Chicago-based AI provider Uptake.The move is part of an aggressive transformation of the state-miner, which is looking at adding fresh technologies to revitalizing some...Read More

UPDATE 3-Pound gains on hints of support for PM May's Brexit deal

March 26, 2019 / www.kitco.com

* World FX rates in 2019* Trade-weighted sterling since Brexit vote (Adds quotes, details)By Sujata RaoLONDON, March 26 (Reuters) - Sterling bounced against theeuro on Tuesday after two eurosceptic lawmakers indicated theymight agree to support British Prime Minister Theresa May's EUwithdrawal deal rather than risk the UK parliament cancellingBrexit.The comments follow parliament's move to take co...Read More

Hong Kong firm develops tech to detect lab-grown yellow diamonds

March 26, 2019 / www.mining.com

Diamond Services, a Hong Kong-based developer of tech systems for detecting lab-grown, imitation and treated diamonds, has created a new device aimed at amplifying the range of detectable merchandise to include all rough and polished stones in the lower yellowish-to-light-brown colour ranges.According to the developer, this is the first device capable of identifying the yellowish gems together wit...Read More

Hong Kong firm develops tech to detect lab-grown yellow diamonds

March 26, 2019 / www.mining.com

Diamond Services, a Hong Kong-based developer of tech systems for detecting lab-grown, imitation and treated diamonds, has created a new device aimed at amplifying the range of detectable merchandise to include all rough and polished stones in the lower yellowish-to-light-brown colour ranges.According to the developer, this is the first device capable of identifying the yellowish gems together wit...Read More

Gold corrects from 1-month tops, downside seems limited

March 26, 2019 / www.fxstreet.com

   •  Improving risk-sentiment prompts some profit-taking during the Asian session.   •  Subdued USD price action lends some support and might help limit the downside. Gold witnessed some profit-taking move on Tuesday and eroded a part of the previous session's strong up-move to near one-month tops. The overnight uptick was supported by an inversion of t...Read More

Pancontinental acquiresbattery and energy metals project in Ontario

March 26, 2019 / www.mining.com

Pancontinental Resources (TSXV: PUC) announced this week the acquisition of the St. Laurent project, located in the eastern Canadian province of Ontario.Pancontinental is purchasing the property from 2681891 Ontario Inc., with whom the company entered into an option agreement. To earn a 100% interest, the Toronto-based miner has to pay a total of $145,000 in cash and issue 1,850,000 common shares...Read More

Pancontinental acquiresbattery and energy metals project in Ontario

March 26, 2019 / www.mining.com

Pancontinental Resources (TSXV: PUC) announced this week the acquisition of the St. Laurent project, located in the eastern Canadian province of Ontario.Pancontinental is purchasing the property from 2681891 Ontario Inc., with whom the company entered into an option agreement. To earn a 100% interest, the Toronto-based miner has to pay a total of $145,000 in cash and issue 1,850,000 common shares...Read More

Pancontinental acquiresbattery and energy metals project in Ontario

March 26, 2019 / www.mining.com

Pancontinental Resources (TSXV: PUC) announced this week the acquisition of the St. Laurent project, located in the eastern Canadian province of Ontario.Pancontinental is purchasing the property from 2681891 Ontario Inc., with whom the company entered into an option agreement. To earn a 100% interest, the Toronto-based miner has to pay a total of $145,000 in cash and issue 1,850,000 common shares...Read More

UPDATE 2-European stocks claw back up after four-day drop

March 26, 2019 / www.kitco.com

* Germany's Wirecard soars 26 percent* ConvaTec jumps after report of buyout interests * Ferguson tumbles on disappointing outlook * Carnival drops on cutting forecast (Updates to closing)By Susan MathewMarch 26 (Reuters) - European shares rose on Tuesday,snapping a four-day losing streak, boosted by healthcare stocksand on indications that UK Prime Minister Theresa May's deal toexit the European...Read More

CORRECTED-(OFFICIAL)-UK banks approve fewer mortgages in Feb as Brexit nears - UK Finance

March 26, 2019 / www.kitco.com

(Amends number of mortgages approved and deletes reference tosix-year low after data provider UK Finance released correctedfigures)LONDON, March 26 (Reuters) - British banks approved fewermortgages in February than during January, industry data showedon Tuesday.Seasonally-adjusted data from the UK Finance industry bodyshowed banks approved 39,083 mortgages last month, down from39,910 in January.Th...Read More

UPDATE 2-Exporters and oil majors pull FTSE 100 out of the red

March 26, 2019 / www.kitco.com

* FTSE 100 up 0.3 pct, mid-caps up 0.5 pct * Ocado at record high on partnership deal * Housebuilders gain after HSBC upgrades * Carnival slumps on reduced profit target* ConvaTec surges on M&A talks (Recasts, adds company news items, quote, updates prices)By Shashwat Awasthi and Muvija MMarch 26 (Reuters) - London's main index bounced back fromtwo sessions of losses as exporters were boosted...Read More

Positive progress towards gold production at the Santa Elena mine

March 26, 2019 / dlvr.it

CABORCA, Mexico, Mar 25, 2019 (GLOBE NEWSWIRE via COMTEX) -- Mexus Gold US (otcqb:MXSG) (Read full newsRead More

UPDATE 4-Turkish central bank moves help lira, policy questions persist

March 26, 2019 / www.kitco.com

* Measure of implied volatility at highest since lastSeptember * Central bank tweaks help reverse last week's steep losses * Expected rate cut might be delayed - traders (Updates prices)By Nevzat Devranoglu and Orhan CoskunANKARA, March 26 (Reuters) - The Turkish lira firmed againon Tuesday in volatile trade, as a series of "back door" actionsby the central bank succeeded in erasing most...Read More

Galantas to increase gold processing at its Northern Ireland mine

March 26, 2019 / www.mining.com

Dual-listed Galantas Gold (TSX, LON:GAL) is expanding capacity of the processing plant at its Omagh mine in Northern Ireland, with the goal of producing 2,000-2,5000 ounces of concentrate per month in the 2020-21 financial year.The company, which is already running an extended dayshift, plans to add a second milling shift late in the June quarter. More shifts will be added in the September quarter...Read More

Galantas to increase gold processing at its Northern Ireland mine

March 26, 2019 / www.mining.com

Dual-listed Galantas Gold (TSX, LON:GAL) is expanding capacity of the processing plant at its Omagh mine in Northern Ireland, with the goal of producing 2,000-2,5000 ounces of concentrate per month in the 2020-21 financial year.The company, which is already running an extended dayshift, plans to add a second milling shift late in the June quarter. More shifts will be added in the September quarter...Read More

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