Recent News

Bitcoin Daily Chart Alert - Bearish Chart Pattern Re-Emerges - June 21

June 21, 2018 / www.kitco.com

Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More

EU ready to open talks with U.S. to fix trade row: Malmstrom

June 21, 2018 / www.kitco.com

WELLINGTON (Reuters) - The European Union is ready to engage with the United States to solve a trade row triggered by its decision to impose tariffs on European metals, E.U. Trade Commissioner Cecilia Malmstrom said on Thursday.Describing the U.S. tariffs as “illegal” and contravening World Trade Organization (WTO) rules, Malmstrom said there was no choice but to take retaliatory actio...Read More

New York-based equity fund buys Ireland-focused Dalradian for Cdn$537m

June 21, 2018 / www.mining.com

Shares in dual-listed Dalradian Resources (TSX:DNA) (LON:DALR) soared around 52% in London and more than 59% in Toronto on Thursday after the company, which is developing a vast gold deposit in Northern Ireland, said it had agreed to be bought by Orion Mine Finance, in a desal that values the gold explorer at Cdn$537 million (about $230m).As part of the agreement, each Dalradian shareholder would...Read More

New York-based equity fund buys Ireland-focused Dalradian for Cdn$537m

June 21, 2018 / www.mining.com

Shares in dual-listed Dalradian Resources (TSX:DNA) (LON:DALR) soared around 52% in London and more than 59% in Toronto on Thursday after the company, which is developing a vast gold deposit in Northern Ireland, said it had agreed to be bought by Orion Mine Finance, in a desal that values the gold explorer at Cdn$537 million (about $230m).As part of the agreement, each Dalradian shareholder would...Read More

Gold Street Is Where South Africa's Mining History Goes to Die

June 21, 2018 / dlvr.it

Miners laid off, mines closing, losses mounting-a huge headache for President RamaphosaRead full newsRead More

'It's like buying penny stocks': D-FW cryptocurrency miners go prospecting for digital gold

June 21, 2018 / dlvr.it

On the evening of May 29, the power was out in the two front rooms of Stanley Edgar's Rockwall home, where he lives with his 32-year-old son...Read full newsRead More

Gold Technical Analysis: confirms a fresh bearish breakdown

June 21, 2018 / www.fxstreet.com

   •  The bearish momentum extends to break below a medium-term ascending trend-line, extending from Jan. 2017 lows through lows touched in July/Dec. 2017.    •  Formation of a death-cross on the daily chart (50-day SMA crossing 200-day SMA from the top) further reinforces the bearish breakdown.     •  Near-term oversold conditions m...Read More

'It's like buying penny stocks': D-FW cryptocurrency miners go prospecting for digital gold

June 21, 2018 / dlvr.it

On the evening of May 29, the power was out in the two front rooms of Stanley Edgar's Rockwall home, where he lives with his 32-year-old son...Read full newsRead More

Lumina Gold, First Quantum ink deal to advance exploration in Ecuador

June 21, 2018 / www.mining.com

Canadian gold junior Lumina Gold (TSX-V:LUM) has inked a formal five-year earn-in deal with First Quantum Minerals (TSX:FM), which will see the copper miner contributing $1.5 million for moving forward with exploration at Orquideas and Cascas gold/copper concessions in Ecuador.The agreement gives First Quantum the option of investing an additional $37 million over the course of the last four yea...Read More

Lumina Gold, First Quantum ink deal to advance exploration in Ecuador

June 21, 2018 / www.mining.com

Canadian gold junior Lumina Gold (TSX-V:LUM) has inked a formal five-year earn-in deal with First Quantum Minerals (TSX:FM), which will see the copper miner contributing $1.5 million for moving forward with exploration at Orquideas and Cascas gold/copper concessions in Ecuador.The agreement gives First Quantum the option of investing an additional $37 million over the course of the last four yea...Read More

Lumina Gold, First Quantum ink deal to advance exploration in Ecuador

June 21, 2018 / www.mining.com

Canadian gold junior Lumina Gold (TSX-V:LUM) has inked a formal five-year earn-in deal with First Quantum Minerals (TSX:FM), which will see the copper miner contributing $1.5 million for moving forward with exploration at Orquideas and Cascas gold/copper concessions in Ecuador.The agreement gives First Quantum the option of investing an additional $37 million over the course of the last four yea...Read More

Lumina Gold, First Quantum ink deal to advance exploration in Ecuador

June 21, 2018 / www.mining.com

Canadian gold junior Lumina Gold (TSX-V:LUM) has inked a formal five-year earn-in deal with First Quantum Minerals (TSX:FM), which will see the copper miner contributing $1.5 million for moving forward with exploration at Orquideas and Cascas gold/copper concessions in Ecuador.The agreement gives First Quantum the option of investing an additional $37 million over the course of the last four yea...Read More

Gold trips into a new six-month low, grinding towards $1,250

June 21, 2018 / www.fxstreet.com

Demand for Gold is sinking as markets recover sentiment for Thursday. Markets are ultimately anticipating a wind-down of the current trade tensions between the US and China. Gold is sinking into fresh lows in the Asia session, hitting a six-month bottom at 1,264.00. Market expectations that the US will reverse its current trade policy against China and avert a trade war are hampering broader dem...Read More

More than 20 Philippine mines pass govt review, 4 fail - official

June 21, 2018 / www.mining.com

Twenty-three of 27 Philippine mines assessed by a government panel for compliance with state regulations, including environmental laws, have passed the review, an official said on Thursday.Confirming an earlier Reuters report, the Mining Industry Coordinating Council found that four mines did not meet the criteria set by the government.The panel reviewed the 27 mines in the world's No. 2 nickel or...Read More

More than 20 Philippine mines pass govt review, 4 fail - official

June 21, 2018 / www.mining.com

Twenty-three of 27 Philippine mines assessed by a government panel for compliance with state regulations, including environmental laws, have passed the review, an official said on Thursday.Confirming an earlier Reuters report, the Mining Industry Coordinating Council found that four mines did not meet the criteria set by the government.The panel reviewed the 27 mines in the world's No. 2 nickel or...Read More

More than 20 Philippine mines pass govt review, 4 fail - official

June 21, 2018 / www.mining.com

Twenty-three of 27 Philippine mines assessed by a government panel for compliance with state regulations, including environmental laws, have passed the review, an official said on Thursday.Confirming an earlier Reuters report, the Mining Industry Coordinating Council found that four mines did not meet the criteria set by the government.The panel reviewed the 27 mines in the world's No. 2 nickel or...Read More

Newmont sells stake in Yanacocha gold mine to Japan's Sumitomo for $48 million

June 21, 2018 / www.mining.com

Newmont Mining Corp. (NYSE: NEM) has sold Japan's Sumitomo Corp. a 5%-stake in its Yanacocha gold mine in Peru for $48 million, making the Asian trading house a partner in the business that also involves local miner Buenaventura.The US miner and Buenaventura's ownership interests in the mine, which was Peru's largest gold operation until output began falling in recent years, will be 51.35% and 43....Read More

Newmont sells stake in Yanacocha gold mine to Japan's Sumitomo for $48 million

June 21, 2018 / www.mining.com

Newmont Mining Corp. (NYSE: NEM) has sold Japan's Sumitomo Corp. a 5%-stake in its Yanacocha gold mine in Peru for $48 million, making the Asian trading house a partner in the business that also involves local miner Buenaventura.The US miner and Buenaventura's ownership interests in the mine, which was Peru's largest gold operation until output began falling in recent years, will be 51.35% and 43....Read More

Newmont sells stake in Yanacocha gold mine to Japan's Sumitomo for $48 million

June 21, 2018 / www.mining.com

Newmont Mining Corp. (NYSE: NEM) has sold Japan's Sumitomo Corp. a 5%-stake in its Yanacocha gold mine in Peru for $48 million, making the Asian trading house a partner in the business that also involves local miner Buenaventura.The US miner and Buenaventura's ownership interests in the mine, which was Peru's largest gold operation until output began falling in recent years, will be 51.35% and 43....Read More

Newmont sells stake in Yanacocha gold mine to Japan's Sumitomo for $48 million

June 21, 2018 / www.mining.com

Newmont Mining Corp. (NYSE: NEM) has sold Japan's Sumitomo Corp. a 5%-stake in its Yanacocha gold mine in Peru for $48 million, making the Asian trading house a partner in the business that also involves local miner Buenaventura.The US miner and Buenaventura's ownership interests in the mine, which was Peru's largest gold operation until output began falling in recent years, will be 51.35% and 43....Read More

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