GFG Resources (TSX-V:GFG) announced today that it has completed the acquisition of Rapier Gold.In a press release, the company explained that the buy-out was an integral part of its plans to consolidate a piece of land west of the gold mining district of Timmins, Ontario. With this addition, GFG now controls 565 square kilometres of gold assets in the eastern Canadian province.The consolidated lan...Read More

(Adds stocks, details, updates prices to close)Feb 28 (Reuters) - Canada's main stock index slumped on Wednesday, pulled lower by energy shares that fell alongside the price of oil and as Valeant Pharmaceuticals tumbled after the company gave a weaker-than-expected revenue forecast.* The sell-off on the Toronto market accelerated into the closing bell, following Wall Street lower and making for i...Read More

March 1 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,016-40.9 NZX 50**8,353.090-20.730DJIA**25,029.20-380.83 NIKKEI**22,068.24-321.62Nasdaq**7,273.009-57.345 FTSE**7,231.91 -50.54S&P 500** 2,713.83 -30.45Hang Seng** 30,844.72-423.94SPI 200 Fut 5,962-39.00STI** 3,517.94 -22.45SSEC**3,259.4959 -32.57KOSPI** 2,427.36 -28.78---------------------------------------------...Read More

A lithium explorer backed by Canadian mining magnate Frank Giustra dropped in Toronto trading amid speculation that its prospective buyer, a Chinese investment company, may fail to cough up the cash.Vancouver-based Lithium X Energy Corp. fell the most in nearly two years Wednesday, the latest casualty in a sector that's been pummeled this week on forecasts that a supply glut may loom for the metal...Read More

The stock market experienced another late-day decline, dragging the major indexes into negative territory. The Dow, S&P 500 Index, and Nasdaq got off to strong starts fueled by tech and retail stocks, while investors also reacted to this morning's fourth-quarter GDP update. But a sharp drop in oil prices resulted in major weakness from the energy sector, and the selling pressure only intensified i...Read More

BUENOS AIRES, Feb 28 (Reuters) - Argentina sold 58.3 billion pesos ($2.9 billion) in local law bonds, split between 30 billion pesos in bonds maturing in 2020 and 28.3 billion pesos in bonds maturing in 2023, the finance ministry said in a statement on Wednesday.The government received 68 billion pesos in orders for the 2020 bonds and 29 billion pesos in orders for the 2023 bonds, the ministry sai...Read More

Sweden's billionaire Lundin family is looking to spend as much as $3 billion on a new industrial-metal asset as prices rally, before turning its attention to scouring for a new gold project.Lundin Mining Corp. is on the prowl for a long-life zinc, nickel or copper asset and would shell out $1 billion to $3 billion, Lukas Lundin said in an interview Wednesday from the BMO Global Metals & Mining Con...Read More

Sweden's billionaire Lundin family is looking to spend as much as $3 billion on a new industrial-metal asset as prices rally, before turning its attention to scouring for a new gold project.Lundin Mining Corp. is on the prowl for a long-life zinc, nickel or copper asset and would shell out $1 billion to $3 billion, Lukas Lundin said in an interview Wednesday from the BMO Global Metals & Mining Con...Read More

Gold undermined by a higher US dollar index. Powell optimism about higher US inflation may be positive for Gold. Gold is now trading around $1318 in  the New York session, almost unchanged (-0.05%) on a higher USD,  amid concerns of higher US inflation and raising interest rates. After Tuesday’s Powell optimism, the USD drifted lower on early Wednesday Asian sessio...Read More

Sweden's billionaire Lundin family is looking to spend as much as $3 billion on a new industrial-metal asset as prices rally, before turning its attention to scouring for a new gold project.Lundin Mining Corp. is on the prowl for a long-life zinc, nickel or copper asset and would shell out $1 billion to $3 billion, Lukas Lundin said in an interview Wednesday from the BMO Global Metals & Mining Con...Read More

March 1 (Reuters) - Australian shares are expected to extend losses and open lower on Thursday following a decline in energy prices that hit U.S. stocks.The local share price index futures fell 45 points, or 0.8 percent, to 5,956, a 60-point discount to the underlying S&P/ASX 200 index close. The benchmark finished the previous session down 0.7 percent.New Zealand's benchmark S&P/NZX 50 in...Read More

(Adds central bank governor's comments)By Sheky EspejoMEXICO CITY, Feb 28 (Reuters) - Mexico's central bank kept its economic growth projections for this year and next unchanged in a report released on Wednesday, but flagged risks to the inflation outlook and vowed to act in an "opportune and firm" way to keep price expectations anchored.In its quarterly report, the Banco de Mexico said...Read More

* Fed chair's testimony read as striking hawkish tone* Weaker-than-expected U.S. data fails to tarnish dollar* Euro zone inflation slows, clipping euro bulls* Yen edges higher after BoJ trims super-long JGB buying (Adds comment, updates prices in text, table)By Gertrude Chavez-DreyfussNEW YORK, Feb 28 (Reuters) - The dollar rose to five-week highs on Wednesday, bolstered by an upbeat assessment of...Read More

Bushveld Energy's Mikhail Nikomarov caught up with Proactive's Andrew Scott to update on developments with their first vanadium redox flow battery (VRFB) deployment in South Africa.The system's being deployed with Eskom, the country's national power utility, at its Research, Testing and Development Centre.He says they're expecting to deliver and commission it towards the end of Q2 this year.''It's...Read More

Ann Saphir(Reuters) - A day after Federal Reserve Chair Jerome Powell told Congress a strengthening economy boosts his confidence that inflation and wages are on the rise, one of his colleagues argued for waiting on interest-rate hikes until those increases are obvious.“I want wage growth to continue to build, I want to see inflation move toward our 2-percent target, I want to see more evide...Read More

Howard Schneider, Lindsay DunsmuirWASHINGTON (Reuters) - Financial markets barely batted an eye on Tuesday when Jerome Powell’s first public statement as Federal Reserve chief saw daylight, interpreting it as a steady-handed commitment to the U.S. central bank’s policy of gradual interest rate increases.The calm evaporated about a couple of hours later, at 10:42 a.m. EST (1542 GMT), wh...Read More

U.S. stocks have traded on both sides of the aisle today, with markets last seen lower as oil prices slump. Not all the day's action is to the downside, though, with Dow stock United Technologies Corporation (NYSE:UTX), global nutrition company Herbalife Ltd. (NYSE:HLF), and Taser parent Axon Enterprise Inc (NASDAQ:AAXN) all trading higher. Here's a closer look at what shares of UTX, HLF, and AAX...Read More

Source: Streetwise Reports 02/27/2018With the price of gold staying firmly above $1,300/oz, Brien Lundin, editor of Gold Newsletter, discusses the state of the market and several top picks in an unlikely location.Tuvatu Project MapBrien Lundin, the well-respected editor of Gold Newsletter, is an industry veteran with over 30 years of experience. He began his career working with the visionary J...Read More

Falco Resources Ltd. (TSXV:FPC) ('Falco' or the 'Company') is pleased to announce that it has commenced its 2018 exploration program on the Donalda - Quemont East target. An initial program of 20 holes for a total of 20,000 metres is planned to be completed.Read full newsRead More

Gold pour at Porcupine mine. Image: GoldcorpAccording to the World Gold Council primary gold production hit another record in 2017 after nine years of growth in output, albeit at a much slower pace.Global gold production totalled roughly 105m troy ounces in 2017. Output is up 525 tonnes or nearly 17m ounces since the start of the decade.The top 10 listed, non-state owned gold miners are responsibl...Read More