JOHANNESBURG, Jan 10 (Reuters) - The class action brought by thousands of mineworkers who contracted lung diseases while working for South African gold miners has been postponed because the parties are close to a settlement, lawyers for the companies said on Wednesday.A High Court in 2016 set the stage for protracted proceedings on cases dating back decades in the largest class action suit yet in...Read More
(Kitco News) - Gold prices are solidly higher and hit a 3.5-month high in early U.S. trading Wednesday.Safe-haven demand is in play for the gold and silver markets at mid-week, amida sharp sell-off in world government bond markets. A lower U.S. dollar index onthis day is also providing a boost to the precious metals. February Comex gold was last down $9.30 an ounce at $1,323.10. March Comex silver...Read More
LONDON (Reuters) - The U.S. dollar slumped on Wednesday after a report that China was ready to slow or halt its U.S. treasury purchases, with the greenback posting its biggest single-day drop against the Japanese yen in nearly eight months.Officials reviewing China’s foreign-exchange holdings have recommended slowing or halting purchases of U.S. Treasuries, Bloomberg News reported, citing pe...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS 96 METRES @ 1.35 G/T GOLD, EXTENDS MOTHER LODE DEPOSIT TO THE WEST, NORTHWEST AND AT DEPTH, COMMENCES PHASE 2, 10,000 METRE DRILL PROGRAMCorvus Gold Inc. has received further assay results from 10 new drill holes from its 2017 phase 1 drill program at the Mother Lode project in southern Nevada. The latest results include northwest and deep in-pit drill...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS 96 METRES @ 1.35 G/T GOLD, EXTENDS MOTHER LODE DEPOSIT TO THE WEST, NORTHWEST AND AT DEPTH, COMMENCES PHASE 2, 10,000 METRE DRILL PROGRAMCorvus Gold Inc. has received further assay results from 10 new drill holes from its 2017 phase 1 drill program at the Mother Lode project in southern Nevada. The latest results include northwest and deep in-pit drill...Read More
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
(Kitco News) - Hecla Mining Co. (NYSE: HL) reported Wednesday that outputfell in the fourth quarter and 2017, yet full-year silver output was thesecond-highest in the country’s 126-year history.In particular, output was down sharply at the company’sLucky Friday Mine in Idaho due to a strike. Limited production is being carriedout by salaried staff.Company-wide silver output in the four...Read More
LONDON (Reuters) - Fitch reiterated its warning on Wednesday that the United States could lose its prized triple-A credit rating if the country’s debt ceiling is not raised in the coming months.The U.S. Treasury Department will exhaust all of its borrowing options and run dry of cash to pay its bills by late March or early April if Congress does not raise its borrowing limit, the Congression...Read More
Mr. Matthew Hornor reportsMAPLE GOLD FINALIZES DRILLING PLANS AND PREPARES TO COMMENCE WINTER DRILLING CAMPAIGNMaple Gold Mines Ltd. has provided an update on exploration activities and the upcoming winter drilling campaign. The company'seight geologists have now relogged over 18,000 metres from selected higher-grade sections throughout the resource areas, and are preparing for the 25,000-to-30,00...Read More
Mr. Matthew Hornor reportsMAPLE GOLD FINALIZES DRILLING PLANS AND PREPARES TO COMMENCE WINTER DRILLING CAMPAIGNMaple Gold Mines Ltd. has provided an update on exploration activities and the upcoming winter drilling campaign. The company'seight geologists have now relogged over 18,000 metres from selected higher-grade sections throughout the resource areas, and are preparing for the 25,000-to-30,00...Read More
The market seems to only go up anymore. The S&P 500 Index (SPX) hasn't suffered a down day yet in 2018, and when things are going this well, it's an appropriate time to examine some sentiment indicators. The American Association of Individual Investors (AAII) sentiment survey has displayed some interesting behavior lately. The survey polls individual investors on whether they are bullish, bearish,...Read More
Mr. Christian Milau reportsEQUINOX GOLD CONTINUES TO INTERSECT SIGNIFICANT GOLD MINERALIZATION AT PIABA WESTEquinox Gold Corp. has released positive results from an additional 24 shallow stepout and infill drill holes totalling 4,200 metres that were drilled below the shallow, westernmost Piaba reserve pit and west along strike from existing reserves at the company's 100-per-cent-owned Aurizona go...Read More
Mr. Christian Milau reportsEQUINOX GOLD CONTINUES TO INTERSECT SIGNIFICANT GOLD MINERALIZATION AT PIABA WESTEquinox Gold Corp. has released positive results from an additional 24 shallow stepout and infill drill holes totalling 4,200 metres that were drilled below the shallow, westernmost Piaba reserve pit and west along strike from existing reserves at the company's 100-per-cent-owned Aurizona go...Read More
Lithium exploration and development company Bacanora Minerals (TSX-V, LON:BCN) scored big on Wednesday as it has secured an exploration licence for a previously mined deposit of the world's lightest metal in Germany.The Falkenhain lithium deposit, in the German state of Saxony, is located about 5 km from Bacanora's 50%-owned Zinnwald project. With the new licence the company has the potentia...Read More
VANCOUVER, BC--(Marketwired - January 10, 2018) - Anfield Energy, Inc. (TSX VENTURE: AEC) (OTCQB: ANLDF) (FRANKFURT: 0AD) ("Anfield" or "the Company") following the name change and share consolidation, is pleased to provide this review and corporate update of its very active and constructive 2017. Anfield continues to position itself to become a top-tier U.S.-based uranium producer to take advant...Read More
Liberty House, the industrial arm of British steel tycoon Sanjeev Gupta's GFG Alliance, said on Wednesday it had made a binding offer for miner Rio Tinto's aluminium smelter in Dunkirk, France, the largest in Europe.The group said it had chosen to invest in France in part because of a pro-business environment created by French President Emmanuel Macron's government.Rio Tinto said in a statement th...Read More
Vitaliy Katsenelson emailed an article about the Bitcoin bubble. Let's compare to the "Something Else Entirely" belief. Bitcoin – Millennials Fake Gold by Vitaliy Katsenelson Originally posted on the Contrarian Edge. I’ve been asked about Bitcoin a lot lately. I’ haven’t written anything about it because I find myself in an uncomfortable place in agreeing with...Read More
Shares in gold miner Centamin (TSX:CEE) (LON:CEY) shot up more than 6% Wednesday after the company published fourth-quarter results that slightly exceeded full-year production guidance, and vowed to lift output again in 2018.The Egypt-based company generated 544,658 ounces of gold in 2017, compared to the expected 540,000 ounces. Centamin is now targeting 580,000 ounces in production for 2018, up...Read More
Shares in gold miner Centamin (TSX:CEE) (LON:CEY) shot up more than 6% Wednesday after the company published fourth-quarter results that slightly exceeded full-year production guidance, and vowed to lift output again in 2018.The Egypt-based company generated 544,658 ounces of gold in 2017, compared to the expected 540,000 ounces. Centamin is now targeting 580,000 ounces in production for 2018, up...Read More
Shares in gold miner Centamin (TSX:CEE) (LON:CEY) shot up more than 6% Wednesday after the company published fourth-quarter results that slightly exceeded full-year production guidance, and vowed to lift output again in 2018.The Egypt-based company generated 544,658 ounces of gold in 2017, compared to the expected 540,000 ounces. Centamin is now targeting 580,000 ounces in production for 2018, up...Read More