Recent News

Despite 42-day strike, Gran Colombia surpasses 2017 production guidance

January 15, 2018 / www.mining.com

Canada's Gran Colombia Gold (TSX:GCM) announced today that its total gold production for 2017 was 173,821 ounces, up 16% over 2016 and surpassing its guidance for the current year which was estimated between 150,000 and 160,000 ounces of gold.Only in the fourth quarter of 2017, the company produced 51,699 ounces of gold, up 26% over the fourth quarter of the previous year.Despite the fact that it...Read More

Despite 42-day strike, Gran Colombia surpasses 2017 production guidance

January 15, 2018 / www.mining.com

Canada's Gran Colombia Gold (TSX:GCM) announced today that its total gold production for 2017 was 173,821 ounces, up 16% over 2016 and surpassing its guidance for the current year which was estimated between 150,000 and 160,000 ounces of gold.Only in the fourth quarter of 2017, the company produced 51,699 ounces of gold, up 26% over the fourth quarter of the previous year.Despite the fact that it...Read More

Panama consumer price inflation rose 0.5 pct in December from year ago

January 15, 2018 / www.kitco.com

PANAMA CITY, Jan 15 (Reuters) - Consumer prices in Panama were 0.5 percent higher in December compared with the same month a year earlier, the country's national statistics office (CGR) said on Monday.Education prices rose 3.5 percent, while health was up 2.3 percent and transportation prices gained by 1.7 percent, according to CGR data.Consumer prices rose by 0.2 percent in December compared with...Read More

CANADA STOCKS-Gold miners and pot stocks push TSX higher

January 15, 2018 / www.kitco.com

(Adds details on specific stocks, updates prices to close)* TSX ends up 63.63 points, or 0.39 percent, at 16,371.81* Seven of the TSX's 10 main groups move higher TORONTO, Jan 15 (Reuters) - Canada's main stock index gained on Monday, boosted by a bounce-back in shares of cannabis producers and sharp gains for gold miners as bullion prices hit a four-month high.* The Toronto Stock Exchange's S&a...Read More

EMERGING MARKETS-Mexico peso rises on NAFTA hopes

January 15, 2018 / www.kitco.com

(Updates prices)By Bruno FederowskiSAO PAULO, Jan 15 (Reuters) - The Mexican peso rose to a more than five-week high on Monday on hopes that U.S. President Donald Trump may soften his stance on the North American Free Trade Agreement (NAFTA) after negotiations hit a bumpy patch last week.Renewed worries that Trump would scrap NAFTA had weighed on the peso last week. The talks between the United St...Read More

RT @zerohedge: Dow Futures Near 26k As US Stocks Reach Most-Overbought In Over 120 Years

January 15, 2018 / www.zerohedge.com

This bull market never sleeps...Read full newsRead More

CANADA STOCKS-TSX rises with pot stocks and gold miners

January 15, 2018 / www.kitco.com

TORONTO, Jan 15 (Reuters) - Canada's main stock index ended higher on Monday, boosted by sharp jumps for cannabis stocks after a sell-off last week and by gains for major gold miners as the price of the precious metal hit a four-month high.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 63.63 points, or 0.39 percent, at 16,371.81. Seven of its 10 main sectors rose.(...Read More

Australia shares to inch down as iron ore slips; NZ up

January 15, 2018 / www.kitco.com

Jan 16 (Reuters) - Australian shares are poised to edge lower on Tuesday, weighed down by material stocks, as iron ore and coking coal fell.Chinese iron ore futures slipped 2 percent on Monday as stockpiles of the steelmaking commodity at China's ports surged to the highest since at least 2004, with weaker steel prices also adding pressure. The local share price index futures inched down 0.1 perce...Read More

UPDATE 1-Asia Morning Call-Global Markets

January 15, 2018 / www.kitco.com

Jan 16 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6077.1 7.0 NZX 50**8,211.37 -30.98DJIA* 25,803.19228.46NIKKEI**23,714.8861.06Nasdaq* 7,261.06249.285FTSE**7,769.14 -9.50S&P 500*2,786.24 18.68 Hang Seng** 31,338.87-73.67SPI 200 Fut 6016.0 -10 STI** 3,536.41 15.85SSEC**3,409.9907 -18.95KOSPI** 2,503.73 7.31------------------------------------------------------------...Read More

UPDATE 4-Russian gold miner Polyus says Fosun stake deal scrapped

January 15, 2018 / www.kitco.com

(Adds details, quotes, background)By PolinaIvanova and JulieZhuMOSCOW/BEIJING, Jan 15 (Reuters) - Russia's largest gold miner Polyus said on Monday that plans to sell a 10 percent stake to a consortium led by China's Fosun International had been dropped after one of the conditions of the agreement was not met.Russia, the world's third largest gold producer, had been looking for investments from A...Read More

NZ business sentiment sinks to most pessimistic in two years - NZIER survey

January 15, 2018 / www.kitco.com

WELLINGTON, Jan 16 (Reuters) - New Zealand business sentiment turned negative and sunk to a two-year low in the fourth quarter on pessimism towards the new centre-left government, a private think tank said on Tuesday.A net 12 percent of firms surveyed expected general business conditions to deteriorate compared with 5 percent who had forecast an improvement the previous quarter, the New Zealand In...Read More

DIARY - Today in Washington - Jan 16

January 15, 2018 / www.kitco.com

ALL TIMES IN EST/GMT -------------------------------------------------------1100/1600: U.S. Department of Agriculture (USDA) releases weekly U.S. export inspections for grains, oilseeds (Delayed from Monday due to holiday) 1130/1630: Treasury Dept weekly sale of 3-, 6-month bills (Delayed from Monday due to holiday) 1300/1800: Treasury Dept. sells 4-week bills -------------------------------------...Read More

Zinc surges to 10-year peak as base metals rally -

January 15, 2018 / www.reuters.com

* Metals rally as dollar slides to three-year lowRead full newsRead More

Bank of Ghana sees more stable cedi in 2018 on lower inflation

January 15, 2018 / www.kitco.com

* Aims for depreciation of less than 4.8 percent* Ghana in its last year of IMF credit programme By Kwasi KpodoACCRA, Jan 15 (Reuters) - Ghana's cedi will be more stable in 2018 than last year, helped by lower inflation outlook and higher oil production, the central bank said on Monday.The currency of the major commodity exporter declined 4.88 percent to the dollar in 2017, its best performance i...Read More

Is This The Long-Awaited Gold Break-Out - Or Just Another Paper Market Head Fake?

January 15, 2018 / www.zerohedge.com

Is gold's all-too-brief run is about to end?Read full newsRead More

Is This The Long-Awaited Gold Break-Out - Or Just Another Paper Market Head Fake?

January 15, 2018 / www.zerohedge.com

Is gold's all-too-brief run is about to end?Read full newsRead More

Shell's investment offshore Scotland bodes well for Hurricane Energy as it advances the Lancaster field

January 15, 2018 / www.proactiveinvestors.co.uk

3.30pm: Signs of North Sea revival give Hurricane Energy PLC a liftNews that Anglo-Dutch gaint Shell is to build its first manned platform in the North Sea for almost thirty years gave a lift to all oilers operating in the region.Hurricane Energy PLC (LON:HURR) for rose 4% to 49.9p for example even though technically it is not in North Sea, rather the West of Shetland UK Continental Shelf.But it's...Read More

NZ employee confidence inches up to 113.9 in Q4 - Westpac survey

January 15, 2018 / www.kitco.com

WELLINGTON, Jan 16 (Reuters) - New Zealand employee confidence edged up to its highest since before the 2008 global financial crisis in the fourth quarter, a survey showed on Tuesday.The Westpac-McDermott Miller employee confidence index inched up to 113.9 in the three months to the end of December, from 113.8 in the previous quarter.Optimism towards strong jobs growth was still warring with low w...Read More

RT @globeinvestor: At the open: TSX rises as gold miners gain with bullion

January 15, 2018 / trib.al

World stocks hit record highs on Asia surgeRead full newsRead More

Look Past U.S. Dollar's Plunge, 2018 Could Be Its 'Last Hurrah' - Capital Economics

January 15, 2018 / www.kitco.com

(Kitco News) - The current U.S. dollar’s plunge is temporary, says Capital Economics, noting that a recovery is on its way, but warning that the currency might face renewed pressure in 2019.The Fed’s plan to tighten its monetary policy this year will be the main underlying factor supporting the greenback, John Higgins, chief markets economist at Capital Economics, said in a note on Mon...Read More

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