LONDON (Reuters) - Shares were stuck on their worst run since November on Monday, as caution gripped traders in a week in which the Federal Reserve is likely to raise U.S. interest rates and perhaps signal as many as three more hikes lie in store this year.A near 1 percent drop for Europe’s main bourses <0#.INDEXE> amid a flurry of gloomy company news [.EU] and weaker Wall Street futur...Read More
Mr. Mike Mutchler reportsAMARILLO ANNOUNCES NON-BROKERED PRIVATE PLACEMENTAmarillo Gold Corp. is proposing to complete a non-brokered private placement ofunits at a subscription price of 28 cents per unit for aggregate gross proceeds to the company of approximately $3-million. Each unit comprises one common share and one-half of one common share purchase warrant. Each whole warrant entitles the ho...Read More
Mr. Mike Mutchler reportsAMARILLO ANNOUNCES NON-BROKERED PRIVATE PLACEMENTAmarillo Gold Corp. is proposing to complete a non-brokered private placement ofunits at a subscription price of 28 cents per unit for aggregate gross proceeds to the company of approximately $3-million. Each unit comprises one common share and one-half of one common share purchase warrant. Each whole warrant entitles the ho...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) - Gold prices are modestly down in early U.S. trading Monday. Chart-based sellingpressure is featured to start the trading week, as a near-term price downtrendis in place on the daily chart. April Comex gold futures were last down $2.40an ounce at $1,309.90. May Comex silver was last down $0.042 at $16.23 anounce.Therewas more turmoil in the Trump administration over the weekend, amid...Read More
WASHINGTON (Reuters) - Jerome Powell heads for his first interest rate increase as Federal Reserve Chairman this week with an unanswered question looming above others: could his optimism about the U.S. economy lead to more hikes than markets have prepared for?Powell’s public comments and Reuters conversations with his Fed colleagues since January, when he was confirmed as chairman, suggest s...Read More
Mr. Phillips Baker Jr. of Hecla reportsHECLA TO ACQUIRE THREE HIGH-GRADE NEVADA GOLD MINES WITH THE ACQUISITION OF KLONDEX MINES LTD.Hecla Mining Company will acquire all the outstanding shares of Klondex Mines Ltd. through a plan of arrangement. Klondex's Canadian assets will be spun out to its existing shareholders. Under the Transaction, Hecla will acquire Klondex for consideration of $462-mill...Read More
Mr. Phillips Baker Jr. of Hecla reportsHECLA TO ACQUIRE THREE HIGH-GRADE NEVADA GOLD MINES WITH THE ACQUISITION OF KLONDEX MINES LTD.Hecla Mining Company will acquire all the outstanding shares of Klondex Mines Ltd. through a plan of arrangement. Klondex's Canadian assets will be spun out to its existing shareholders. Under the Transaction, Hecla will acquire Klondex for consideration of $462-mill...Read More
While advertising bans and Mt.Gox Trustee overhangs remain, the FUD of a possible global regulatory crackdown in the G-20 Communique was a major driver of this weekend's weakness... until Les Echos confirms FSB has rejected calls for regulation.Read full newsRead More
Australia's Newcrest Mining (ASX: NCM) said that its Wafi-Golpu joint venture with Harmony Gold in Papua New Guinea will need a further $200 million cash injection to get built under improved plans.The updated feasibility study, released Monday, foresees a larger, $2.8-billion gold and copper project with mine wastes being piped into the ocean. Building the proposed mine had been previously expec...Read More
Australia's Newcrest Mining (ASX: NCM) said that its Wafi-Golpu joint venture with Harmony Gold in Papua New Guinea will need a further $200 million cash injection to get built under improved plans.The updated feasibility study, released Monday, foresees a larger, $2.8-billion gold and copper project with mine wastes being piped into the ocean. Building the proposed mine had been previously expec...Read More
Australia's Newcrest Mining (ASX: NCM) said that its Wafi-Golpu joint venture with Harmony Gold in Papua New Guinea will need a further $200 million cash injection to get built under improved plans.The updated feasibility study, released Monday, foresees a larger, $2.8-billion gold and copper project with mine wastes being piped into the ocean. Building the proposed mine had been previously expec...Read More
Kratos offers a rare chance to get in close to the ground floor in the defense business.Read full newsRead More
* Wafi-Golpu JV capital expenditure estimates cutRead full newsRead More
The U.S. Environmental Protection agency wants a mining company to pay for a potentially costly investigation of underground water flows at a southwestern Colorado Superfund site to help the agencyRead full newsRead More
Federal and state regulators are entrusting a water pollution study at an abandoned South Dakota gold mine to a company that is potentially interested in reopening the mine.Read full newsRead More
SPEARFISH - The South Dakota Department of Environment and Natural Resources (DENR) announced Thursday that it reached an agreement with a mining company drilling exploration holes near the rim ofRead full newsRead More
Plattsburgh, NY voted to place an 18-month moratorium on new commercial cryptocurrency mines in the city on Thursday. Here's why, and what comes next for cities that have had a Bitcoin gold rush.Read full newsRead More
Kratos offers a rare chance to get in close to the ground floor in the defense business.Read full newsRead More
Zimbabwe's new government has changed its empowerment ownership laws for the diamond and platinum sectors, in an effort to re-engage international lenders, curb spending and attract investors to revive the country's battered economy.The new rules, Reuters reports, limit majority ownership by state entities to only diamond and platinum operations and not the entire mining sector as in previous...Read More