NEW YORK (LPC) - Leveraged loans are standing out as the best-performing asset class in an otherwise brutal October as rising volatility in global equities has rippled across the capital markets. While investors pulled US$7.4m from loan funds in the week ending October 24, the first week of outflows in four months, the asset class has been largely unfazed by the risk-off sentiment created by t...Read More
WASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions said on Friday that Cesar Sayoc, the suspect in a raft of suspicious packages sent to prominent Democrats and others, is in the custody of the FBI and has been charged with five federal crimes.Sayoc faces up to 58 years in prison if found guilty, Sessions said at a press conference announcing the charges.“We will not tolerate such la...Read More
(Kitco News)- The amount of gold transferred between accounts of London Bullion Market Association members was steady during September while the silver volume increased, the organization reported Friday.The LBMA releases clearing statistics each month showing the net volume of gold and silver transferred between accounts of members, essentially providing a snapshot of the amount of trading activit...Read More
"Crystal Lake Mining (CLM-V) -- Drilling Starts at Burgundy Ridge... DR. Peter Lightfoot quotes:Read full newsRead More
The gold rush is only four months old in Nathenje, Malawi, but already there are thousands of prospectors digging, shovelling and sifting soil in the age-old search for a nugget that will transform their lives.The miners -- many of them women -- head back down the deep holes dug on the riverbanks ofRead full newsRead More
Local authorities close down school in Kokoyah Reports emanating from the gold-rich area of Sayeweh Town in Kokoyah Statutory District in Bong County, say 19 students at the Sayeweh Town Public School are allegedly suffering from chemical waste infection reportedly dumped near the school by MNG-Gold. Administrators of the government-run elementary school, which is located...Read full newsRead More
Separately, the Company has agreed to grant Mineros an option to acquire up to a 51% interest in the La Pepa project, located in the Maricunga gold belt, Chile, over an earn in period of four years (subject to extension for certain unexpected contingencies), and then the remaining 49% interest pursuantRead full newsRead More
Colorado-based Newmont Mining Corp reported lower third-quarter profit and reven...Read full newsRead More
Ginger Zee joined the stars of the hit Discovery showRead full newsRead More
(Adds market reaction, background)WASHINGTON/BUENOS AIRES, Oct 26 (Reuters) - The International Monetary Fund on Friday increased the size of a standby financing agreement for Argentina to about $56.3 billion, closing a deal the country has said would come with tougher fiscal measures.Argentina's President Mauricio Macri agreed to a $50 billion IMF deal in June, hoping it would stop a run on the c...Read More
Mineros S.A. (BVC: MINEROS) has entered into a binding agreement with Yamana Gold (TSE: YRI) to acquire the Gualcamayo gold mine in Argentina, and has an earn-in agreement for the La Pepa gold exploration project in Chile.Gualcamayo is an established producing mine with a long operating history. The mine is on track to achieve Yamana's 2018 gold production guidance of 100,000 ounces.The Gualcamayo...Read More
Mineros S.A. (BVC: MINEROS) has entered into a binding agreement with Yamana Gold (TSE: YRI) to acquire the Gualcamayo gold mine in Argentina, and has an earn-in agreement for the La Pepa gold exploration project in Chile.Gualcamayo is an established producing mine with a long operating history. The mine is on track to achieve Yamana's 2018 gold production guidance of 100,000 ounces.The Gualcamayo...Read More
Mineros S.A. (BVC: MINEROS) has entered into a binding agreement with Yamana Gold (TSE: YRI) to acquire the Gualcamayo gold mine in Argentina, and has an earn-in agreement for the La Pepa gold exploration project in Chile.Gualcamayo is an established producing mine with a long operating history. The mine is on track to achieve Yamana's 2018 gold production guidance of 100,000 ounces.The Gualcamayo...Read More
Late last month the Tax Court of Canada ruled in favour of Cameco Corp. (TSX: CCO; NYSE: CCJ) in the company's decade-long dispute with the Canada Revenue Agency over tax reassessments for the 2003, 2005 and 2006 tax years.Now the CRA says it plans to appeal the decision with the Federal Court of Appeal, a process Cameco estimates would take about two years.Decisions of the Federal Court of Appea...Read More
Late last month the Tax Court of Canada ruled in favour of Cameco Corp. (TSX: CCO; NYSE: CCJ) in the company's decade-long dispute with the Canada Revenue Agency over tax reassessments for the 2003, 2005 and 2006 tax years.Now the CRA says it plans to appeal the decision with the Federal Court of Appeal, a process Cameco estimates would take about two years.Decisions of the Federal Court of Appea...Read More
Gold futures climbed Friday, finding haven-related support despite some better-than-expected U.S. economic data, as equities saw renewed pressure to end a volatile week. Prices, however, finished a buck short of the roughly three-month high it settled at on Tuesday. December gold GCZ8, +0.24% rose $3.40, or 0.3%, to settle at $1,235.80 an ounce, tacking on 0.6% for the week-its fourth weekly rise...Read More
Gold futures climbed Friday, finding haven-related support despite some better-than-expected U.S. economic data, as equities saw renewed pressure to end a volatile week. Prices, however, finished a buck short of the roughly three-month high it settled at on Tuesday. December gold GCZ8, -0.03% rose $3.40, or 0.3%, to settle at $1,235.80 an ounce, tacking on 0.6% for the week-its fourth weekly rise...Read More
(Kitco News) - David Garofalo,president and chief executive officer of Goldcorp Inc. (TSX: G, NYSE: GG), says“nothing is broken” with the company and that third-quarter earnings wereweaker largely because of a decision to move processing of lower-grade oreahead by one quarter at the new Pe??asquito pyrite leach plant.The CEO spoke withKitco News on Friday a day after shares of the comp...Read More
(Kitco News) - David Garofalo, president and chief executive officer of Goldcorp Inc. (TSX: G, NYSE: GG), says “nothing is broken” with the company and that third-quarter earnings were weaker largely because of a decision to move processing of lower-grade ore ahead by one quarter at the new Pe??asquito pyrite leach plant. The CEO spoke with Kitco News on Friday a day after shares of th...Read More
Yanzhou Coal Mining Co.'s high-profile acquisition of assets in Australia last year is set to pay dividend as resilient coal prices boost its earnings and bode well for its stock that is trading at around record low valuations.Shares of the producer have gained more than 9% in Hong Kong after an endorsement from Goldman Sachs Group Inc., which highlighted gains in coal prices, especially for the p...Read More