Recent News

Hummingbird will miss 2018 guidance after heavy rains in Q3 and pit stability issues more recently at Yanfolila ($)...

October 26, 2018 / twitter.com

"Hummingbird will miss 2018 guidance after heavy rains in Q3 and pit stability issues more recently at Yanfolila ($) | https://t.co/mfbLWiFlXl #gold #AIM $HUM"Read full newsRead More

RT @NorthmanTrader: It's almost as if there's less artificial liquidity floating around...???"

October 26, 2018 / twitter.com

"World equities have erased $15 trillion, or 17 percent, of their value since January, with China alone losing $3 trillion"Read full newsRead More

Azimut, SOQUEM make major discovery at Munischiwan

October 26, 2018 / www.mining.com

Azimut Exploration of Longueuil, Que., and its strategic partner SOQUEM have made what they are calling a "major" discovery of gold-copper-silver mineralization at Azimut's Munischiwan property in the James Bay region.The zone is 600 metres long and 100 to 150 metres wide. Grab samples from the outcrop have returned gold values between 11.0 and 1.53 g/t, 1.67 to 0.05% copper, and 435.0 to 5.8...Read More

Azimut, SOQUEM make major discovery at Munischiwan

October 26, 2018 / www.mining.com

Azimut Exploration of Longueuil, Que., and its strategic partner SOQUEM have made what they are calling a "major" discovery of gold-copper-silver mineralization at Azimut's Munischiwan property in the James Bay region.The zone is 600 metres long and 100 to 150 metres wide. Grab samples from the outcrop have returned gold values between 11.0 and 1.53 g/t, 1.67 to 0.05% copper, and 435.0 to 5.8...Read More

Azimut, SOQUEM make major discovery at Munischiwan

October 26, 2018 / www.mining.com

Azimut Exploration of Longueuil, Que., and its strategic partner SOQUEM have made what they are calling a "major" discovery of gold-copper-silver mineralization at Azimut's Munischiwan property in the James Bay region.The zone is 600 metres long and 100 to 150 metres wide. Grab samples from the outcrop have returned gold values between 11.0 and 1.53 g/t, 1.67 to 0.05% copper, and 435.0 to 5.8...Read More

Azimut, SOQUEM make major discovery at Munischiwan

October 26, 2018 / www.mining.com

Azimut Exploration of Longueuil, Que., and its strategic partner SOQUEM have made what they are calling a "major" discovery of gold-copper-silver mineralization at Azimut's Munischiwan property in the James Bay region.The zone is 600 metres long and 100 to 150 metres wide. Grab samples from the outcrop have returned gold values between 11.0 and 1.53 g/t, 1.67 to 0.05% copper, and 435.0 to 5.8...Read More

U.S. pork exports to China 'not viable' due to trade war: Smithfield CEO

October 26, 2018 / www.kitco.com

CHICAGO (Reuters) - The U.S. pork trade to China is “not viable” after Beijing imposed tariffs on imports of American pork amid the trade war between the world’s two largest economies, said Ken Sullivan, chief executive Smithfield Foods.“Certainly in the short term here as this trade war has heated up, it’s made the trade with China very difficult - to even stopping a...Read More

China eases restrictions on company share buy-backs: Xinhua

October 26, 2018 / www.kitco.com

HONG KONG (Reuters) - China is easing restrictions on share buy-backs by public companies under revisions to company law approved by the country's top legislature, the National People's Congress, on Friday, state news agency Xinhua reported.Listed companies will be allowed to buy back their publicly traded shares for purposes such as issuing convertible bonds, or to defend corporate values and pro...Read More

Wall St., Main St. Look For Gold Upside To Continue

October 26, 2018 / www.kitco.com

(Kitco News)- Wall Street and MainStreet look for gold to maintain its upward momentum next week, with the metalcurrently headed for its fourth straight weekly gain, based on the Kitco Newsgold survey.Eighteenmarket professionals took part in the Wall Street survey. Twelve respondents,or 67%, predicted higher prices by next Friday. Just one respondent, or 6%,called for lower, while five participan...Read More

Wall St., Main St. Look For Gold Upside To Continue

October 26, 2018 / www.kitco.com

(Kitco News) - Wall Street and Main Street look for gold to maintain its upward momentum next week, with the metal currently headed for its fourth straight weekly gain, based on the Kitco News gold survey.Eighteen market professionals took part in the Wall Street survey. Twelve respondents, or 67%, predicted higher prices by next Friday. Just one respondent, or 6%, called for lower, while five par...Read More

Barrick's bet on African gold maestro faces first test in Congo

October 26, 2018 / www.mining.com

Barrick Gold Corp.'s decision to double down on Africa is a bet on Randgold Resources Ltd. boss Mark Bristow keeping his Midas touch on a continent where many miners have floundered. That wager is facing its first test.Among the assets Barrick will acquire in the $5.4 billion deal for Randgold is Kibali, a mine Bristow built from scratch in the Democratic Republic of Congo. While that operation ha...Read More

Barrick's bet on African gold maestro faces first test in Congo

October 26, 2018 / www.mining.com

Barrick Gold Corp.'s decision to double down on Africa is a bet on Randgold Resources Ltd. boss Mark Bristow keeping his Midas touch on a continent where many miners have floundered. That wager is facing its first test.Among the assets Barrick will acquire in the $5.4 billion deal for Randgold is Kibali, a mine Bristow built from scratch in the Democratic Republic of Congo. While that operation ha...Read More

Gold Extends Early Gains As U.S. Stock Market Losses Steepen

October 26, 2018 / www.kitco.com

(Kitco News) - Gold prices continue to get a safe-haven bid and are posting solidgains in late-morning trading Friday--adding to early advances as the U.S.stock market trades sharply lower. The major U.S. stock indexes have hitmulti-month lows today and are presently at daily lows. Look for gold prices tocontinue to appreciate as long as there is turmoil in the marketplace. The move above what was...Read More

Gold Extends Early Gains As U.S. Stock Market Losses Steepen

October 26, 2018 / www.kitco.com

(Kitco News) - Gold prices continue to get a safe-haven bid and are posting solid gains in late-morning trading Friday--adding to early advances as the U.S. stock market trades sharply lower. The major U.S. stock indexes have hit multi-month lows today and are presently at daily lows. Look for gold prices to continue to appreciate as long as there is turmoil in the marketplace. The move above what...Read More

Gold challenges overhead resistance

October 26, 2018 / www.fxstreet.com

The above chart shows daily price action. Gold has broken out of a pennant pattern (green converging lines). It is now challenging overhead resistance. The RSI(9) is above 50 and is indicative of an underlying bullish momentum(blue rectangle). The longer that the indicator stays above the 50 level, the greater the chance that the overhead resistance will be overcome. If gold does overcome this le...Read More

Mining tech firm Outotec warns on project problems, shares plunge

October 26, 2018 / www.mining.com

HELSINKI, Oct 26 (Reuters) - Finnish mining technology company Outotec said on Friday that it may have to cover costs after a smelter furnace it built for a client faced problems, sending itsshares down 28 percent.Outotec which builds plants and equipment and provides services for the metal and mineral processing industries, said that it had faced problems in starting up a furnace at an i...Read More

Mining tech firm Outotec warns on project problems, shares plunge

October 26, 2018 / www.mining.com

HELSINKI, Oct 26 (Reuters) - Finnish mining technology company Outotec said on Friday that it may have to cover costs after a smelter furnace it built for a client faced problems, sending itsshares down 28 percent.Outotec which builds plants and equipment and provides services for the metal and mineral processing industries, said that it had faced problems in starting up a furnace at an i...Read More

Senior euro officials back Commission rejection of Italy budget: official

October 26, 2018 / www.kitco.com

BRUSSELS (Reuters) - Senior euro zone officials preparing meetings of euro zone finance ministers supported this week the European Commission's decision to reject Italy's draft budget for next year, a senior EU official said on Friday.The debate was held in preparation of the monthly meeting of euro zone finance ministers scheduled on Nov. 5 which will discuss the Commission's rejection, the offic...Read More

UK budget and Bank of England take back seat to Brexit drama

October 26, 2018 / www.kitco.com

LONDON (Reuters) - Britain’s budget announcement on Monday and a “Super Thursday” at the Bank of England would normally be key moments for the world’s fifth-biggest economy, but this time they are likely to be overshadowed by the drama of Brexit.Finance minister Philip Hammond and Bank of England Governor Mark Carney have little option but to sit on the fence as they wait t...Read More

Pharma Stock Flashes Buy Before Earnings

October 26, 2018 / www.schaeffersresearch.com

While the rest of the stock market has crumbled, AMRN has ralliedWhile the rest of the stock market has suffered in October -- the Nasdaq Composite (IXIC) is set for its worst month since the 2008 financial crisis -- Amarin Corporation (NASDAQ:AMRN) has added more than 30%. What's more, the pharmaceutical concern just yesterday notched a new 11-year high, and one indicator suggests it could be tim...Read More

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