Recent News

EU regulation on responsible mining will be ineffective

June 08, 2017 / www.mining.com

The EU regulation on mineral sourcing that comes into force today is a good but small first step. Additionally, due to its limited scope and delay in implementation, it will not be effective enough, says the GoodElectronics Network. The extraction and trade of minerals, including those that end up in our electronics, has been widely linked to serious human rights violations and environmental pol...Read More

EU regulation on responsible mining will be ineffective

June 08, 2017 / www.mining.com

The EU regulation on mineral sourcing that comes into force today is a good but small first step. Additionally, due to its limited scope and delay in implementation, it will not be effective enough, says the GoodElectronics Network. The extraction and trade of minerals, including those that end up in our electronics, has been widely linked to serious human rights violations and environmental pol...Read More

Commerzbank: Gold ETFs Post Largest Inflow In 11 Months

June 08, 2017 / www.kitco.com

"Massive demand" forgold exchange-traded funds lately reflects a surge in safe-haven buying of themetal, says Commerzbank. Global ETFs posted inflows of 14.6 tonnes Wednesday,the most in 11 months, analyst point out. Almost 10 tonnes were attributable tothe world's largest gold ETF, the SPDR Gold Trust. "Clearly investors areseeking to hedge against the numerous risks," Commerzbank says. These ris...Read More

Gold Unchanged Following 10K Drop In Weekly Jobless Claims

June 08, 2017 / www.kitco.com

(Kitco News)-Gold prices remain under pressure and relatively unchangedon the day as initial weekly U.S. jobless claims dropped by 10,000 a seasonallyadjusted 245,000 in the week to Saturday, the government said. This was lessthan consensus forecasts.Consensus expectations compiled by various news organizations called for initial claims to be around 241,000. The government revisedprior week's tall...Read More

Corvus drills 123.44 m of 0.14 g/t Au at North Bullfrog

June 08, 2017 / www.stockwatch.com

Mr. Jeff Pontius reports CORVUS GOLD EXPANDS MINERALIZATION AT NORTH JOLLY JANE AND CAT HILL TARGETS, NORTH BULLFROG PROJECT Corvus Gold Inc. has released results from initial drill testing of four new targets and follow-up drilling on the North Jolly Jane and Cat Hill targets. Follow-up drill holes from the Cat Hill and North Jolly Jane targets have continued to return broad zones of low-grade mi...Read More

BBX gets A from investors

June 08, 2017 / www.mining-journal.com

BBX rose 78% last week and a further 52.9% this week, taking its share price to US$0.20, despite no further news since its announcement of successful results from its Tres Estados project on June 1.In Australian terms, its share price of A$0.25 today is light years ahead of its price 12 months ago of A$0.02, making a one-year gain of 1,344.4%.Unsurprisingly gold plays featured heavily in this wee...Read More

Barrick Gold buys Nevada mining project from former partner

June 08, 2017 / www.mining.com

Barrick Gold (TSX, NYSE:ABX), the world's largest producer of the precious metal, has finalized the acquisition of a mining project in Nevada that abandoned in 2015 due to budgetary constraints.But since gold prices staged a comeback last year, the Toronto-based miner approached its former partner Coral Gold Resources (TSXV:CLH) to buy the Robertson Property, located 60 miles south of Elko, Lander...Read More

Barrick Gold buys Nevada mining project from former partner

June 08, 2017 / www.mining.com

Barrick Gold (TSX, NYSE:ABX), the world's largest producer of the precious metal, has finalized the acquisition of a mining project in Nevada that abandoned in 2015 due to budgetary constraints.But since gold prices staged a comeback last year, the Toronto-based miner approached its former partner Coral Gold Resources (TSXV:CLH) to buy the Robertson Property, located 60 miles south of Elko, Lander...Read More

Price of Gold Fundamental Daily Forecast - Gold Needs Bullish Surprise to Continue Rally

June 08, 2017 / www.fxempire.com

Gold futures are trading lower early Thursday as investors awaited news that could determine the market's direction the rest of the session. During the previous session, the market was under pressure after nearly reaching a seven-month high during Tuesday's session.August Comex gold futures settled at $1289.50, down $8.00 or -0.62%.Although the market is still being underpinned by geopolitical con...Read More

GLENCORE : Russia's Rosneft Stake Sale Had a Twist -- WSJ

June 08, 2017 / www.4-traders.com

Qatar agreed to provision allowing Moscow to reacquire at least portion of shares By Sarah McFarlane in London and Summer Said in Dubai Russia's sale of one-fifth of its state-owned oil company to Qatar and commodities giant Glencore PLC last year had an unusual provision: Moscow and Doha agreed Russia would buy a stake back, people familiar with the matter said. Russian President Vladimir Putin h...Read More

Trump goes after another of the Obama-era protection rules to favour miners

June 08, 2017 / www.mining.com

The Trump administration is going after another of the Obama-era environment protection rules by ordering a review of conservation plan for the greater sage grouse, in a move that would make more land available to oil, gas and mining companies.Announcing the measure, Interior Secretary Ryan Zinke said that while the federal government has a responsibility under the Endangered Species Act to prot...Read More

Preview SW, Canada: 104.8m grading 1.01g/t Au from 67.5m depth (PR17-169)

June 08, 2017 / www.mining-journal.com

Comstock said the programme successfully infilled an open area of the resource model, extended the deposit to the north-east, and intersected high grades - including 0.9m at 208g/t gold - in a 45m down-dip step back on section targeting ultra-high grade gold.A previous highlight from this high-grade section included 1,123g/t gold over 2.3m back in 2013, which continues to outshine the latest resul...Read More

Atlas Copco bets big on automation, grabs stake in software maker

June 08, 2017 / www.mining.com

Swedish mining equipment and compressor maker Atlas Copco (STO:ATCO-A) is expanding its offer of products and services for the mining industry by acquiring a 34% stake in Mobilaris MCE, a software maker specializing in optimizing underground operations.While Atlas, Sweden's largest industrial group, did not revealed the value of the transaction, it said the acquisition would help the company adva...Read More

Harmony Gold A Buy With Increase In Gold Price

June 08, 2017 / seekingalpha.com

Harmony's stock suffered earlier this year in a mine explosion, claiming the life of 25 people.GLD has appreciated 6.98% while Harmony has fallen 6.62% over the last three months.The PE is 4.25 and dividend yield almost 4%.Harmony Gold Mining (NYSE:HMY) is a South African based gold miner that has suffered with the death of 25 miners back in March. The stock has lagged the price of gold becaus...Read More

Bob Moriarty: The Next Major Move in The Precious Metals Sector Should Be A Lot Higher

June 08, 2017 / marketsanity.com

Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 internati...Read More

Gold steadies below 7-month high as risk events loom

June 08, 2017 / in.investing.com

Investing.com - Gold prices held steady just below their strongest level in seven months in European trade on Wednesday, as investor jitters over looming geopolitical risk events supported demand for safe-haven assets.Comex gold futures were at $1,294.93 a troy ounce by 2:55AM ET (0655GMT), down $2.50, or around 0.2%. Meanwhile, spot gold was at $1,292.40.Gold prices scored a third-straight sessio...Read More

40.5 Tonnes Of Paper Gold Dumped In 4 Minutes

June 08, 2017 / investmentresearchdynamics.com

One/some/several "entities" decided at 9:38 a.m. this morning that it was necessary to dump 14,315 contracts of paper gold. This is just the August contract. In total a lot more was unloaded. This represents 1.43 million ozs of gold. The Comex is only showing 900,000 ozs of "gold" as "registered," or available for delivery in June, July and August (assuming all of that gold is actually...Read More

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June 08, 2017 / www.canadianmineanalysis.com

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Siyata Mobile Signs Vendor Agreement And Receives First PO From Leading Global Two-Way Radio Vendor

June 08, 2017 / kincommunications.com

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQB: SYATF) (the "Company" or "Siyata") is pleased to announce that it has signed a vendor agreement and receives a Purchase Order from a leading global two-way radio vendor.Siyata will provide the vendor with both rugged devices as well as commercial vehicle devices with Push-to-Talk Over Cellular ("PoC") capabilities. These devices will...Read More

How to Profit from Solar's Comeback

June 08, 2017 / www.energyandcapital.com

It looks like solar is making a comeback.Well, that's only partially true. Solar was never really gone. Investors were just scared of the new president's plans to bolster the coal and oil industries in the U.S.And they showed that fear by dumping solar stocks immediately after the election last November. Stock prices across the industry plummeted. And those of us who stuck with our green investmen...Read More

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