Recent News

Experts to discuss possibly regulating crypto-currencies-EU vice president

February 23, 2018 / www.kitco.com

BERLIN, Feb 23 (Reuters) - A group of high-ranking experts will next week discuss the possibility of introducing regulation of crypto-currencies, European Commission Vice-President Valdis Dombrovskis said on Friday.Speaking during a visit to Berlin, Dombrovskis also said he did not see any threat to Latvia's creditworthiness in view of a probe into whether its central bank chief accepted a bribe,...Read More

Asia Gold-India jewellers shy away as high prices dent appetite

February 23, 2018 / www.kitco.com

* Premiums in India slip to $2/oz as local rates near 15-mth highs* Muted activity in other major Asian regions due to holidays By Rajendra Jadhav and Nithin ThomasPrasadBENGALURU/MUMBAI, Feb 23 (Reuters) - High local prices hit physical gold demand in India this week while activity in most other Asian centres remained subdued due to the Lunar New Year holiday.In India, the second biggest consume...Read More

These Charts Indicate A Silver Price Breakout Is Coming

February 23, 2018 / seekingalpha.com

Gold-Silver ratio has reached a key historic resistance level.Silver price moving averages are pointing to a price breakout.The current silver bear market is now stretching past historic timelines.Dollar weakness and inflation are pointing to an upside breakout in gold and silver, and silver's volatile nature will likely drive it hard and fast to the upside when it finally moves.Photo Credit F...Read More

Mongolia's Oyu Tolgoi weighs power supply options amid plant delays

February 23, 2018 / www.kitco.com

ULAANBAATAR, Feb 23 (Reuters) - Mongolia's giant Oyu Tolgoi copper-gold mine in the Gobi desert will weigh alternative options in order to guarantee electricity supply over the coming years, it said on Friday, after casting doubt on state plans to build a new power plant in the region.Oyu Tolgoi, which is run by Anglo-Australian mining giant Rio Tinto, is under pressure to procure power from domes...Read More

Empty Homes Tax: Vancouver releases heat map showing clusters of undeclared properties

February 23, 2018 / theprovince.com

The City of Vancouver released a heat map Thursday showing the distribution of residential properties where owners haven't yet made a declaration to avoid its new empty-homes tax, and the hig...Read full newsRead More

Hochschild Mining goes on the hunt for gold with M&A on the agenda

February 23, 2018 / dlvr.it

Hochschild Mining is to ramp up its hunt for gold as it steps up spending on exploration in three different countries and signals its renewed interest in acquisitions.Read full newsRead More

FOREX-Euro set for 2nd biggest weekly drop since Oct as risk looms

February 23, 2018 / www.kitco.com

* German Social Democrats poll, Italian elections key event risks* Long euro positions swell to largest on record* Graphic: World FX rates in 2018 By Saikat ChatterjeeLONDON, Feb 23 (Reuters) - The euro slipped on Friday and is set to post its second biggest weekly loss in nearly four months as investors trim positions before a big week for global currency markets from a European politics perspect...Read More

Rio to build power plant at Oyu Tolgoi copper-gold mine in Mongolia

February 23, 2018 / www.mining.com

Mining giant Rio Tinto (LON, ASX:RIO) will seek approval to build a power plant at its giant Oyu Tolgoi copper and gold mine in Mongolia and so comply with a 2009 investment agreement that calls for local suppliers to power the operation.The move, however, would add further costs to an ongoing $5.3 billion underground expansion of the mine, said Oyu Tolgoi LLC, Mongolia's largest copper and gold...Read More

Rio to build power plant at Oyu Tolgoi copper-gold mine in Mongolia

February 23, 2018 / www.mining.com

Mining giant Rio Tinto (LON, ASX:RIO) will seek approval to build a power plant at its giant Oyu Tolgoi copper and gold mine in Mongolia and so comply with a 2009 investment agreement that calls for local suppliers to power the operation.The move, however, would add further costs to an ongoing $5.3 billion underground expansion of the mine, said Oyu Tolgoi LLC, Mongolia's largest copper and gold...Read More

Rio to build power plant at Oyu Tolgoi copper-gold mine in Mongolia

February 23, 2018 / www.mining.com

Mining giant Rio Tinto (LON, ASX:RIO) will seek approval to build a power plant at its giant Oyu Tolgoi copper and gold mine in Mongolia and so comply with a 2009 investment agreement that calls for local suppliers to power the operation.The move, however, would add further costs to an ongoing $5.3 billion underground expansion of the mine, said Oyu Tolgoi LLC, Mongolia's largest copper and gold...Read More

Rio to build power plant at Oyu Tolgoi copper-gold mine in Mongolia

February 23, 2018 / www.mining.com

Mining giant Rio Tinto (LON, ASX:RIO) will seek approval to build a power plant at its giant Oyu Tolgoi copper and gold mine in Mongolia and so comply with a 2009 investment agreement that calls for local suppliers to power the operation.The move, however, would add further costs to an ongoing $5.3 billion underground expansion of the mine, said Oyu Tolgoi LLC, Mongolia's largest copper and gold...Read More

Gold trades around the 50-day MA in Asia

February 23, 2018 / www.fxstreet.com

Gold is flatlined around the 50-day MA.  Focus on Fed monetary policy report.  Gold is trading in the sideways manner around the 50-day MA of $1,330, having defended the key ascending trendline support yesterday on the back of broad-based USD weakness. The metal hit a low of $1,320 yesterday after the Fed minutes revealed growing confidence in the need for further rate hikes. However,...Read More

New Chicago radio station mining gold from rap classics

February 23, 2018 / dlvr.it

Exclusively playing hip-hop and R&B music from the mid-1990s to the early-2000s, JAMS (formerly K-Hits) has infiltrated the FM dial and found immediate success like few new Chicago radio stations before it.Read full newsRead More

Newmont Mining poised for growth in gold sector

February 23, 2018 / dlvr.it

Newmont Mining Corp laid out plans on Thursday for new projects to grow gold production and cut costs, while reporting market-beating profits and output forecasts that position it to take the title of world's largest bullion producer in 2018.Read full newsRead More

SSR Mining Reports Fourth Quarter and Year-End 2017 Results

February 23, 2018 / dlvr.it

SSR Mining Reports Fourth Quarter and Year-End 2017 Results PR Newswire VANCOUVER, Feb. 22, 2018VANCOUVER, Feb. 22, 2018 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (Read full newsRead More

EY Canadian Mining Eye Index sees more growth in Q4 2017

February 23, 2018 / dlvr.it

Sources available to discuss sector trends behind index uptickTORONTO, Feb. 22, 2018 /CNW/ - The EY Canadian Mining Eye index continued to make gains in the...Read full newsRead More

Hochschild Mining goes on the hunt for gold with M&A on the agenda

February 23, 2018 / dlvr.it

Hochschild Mining is to ramp up its hunt for gold as it steps up spending on exploration in three different countries and signals its renewed interest in acquisitions.Read full newsRead More

Northam H1 loss widens on BEE transaction

February 23, 2018 / www.kitco.com

JOHANNESBURG, Feb 23 (Reuters) - Northam Platinum reported a widened half-year loss on Friday citing costs related to a transaction to increase its black ownership profile but the mid-tier South African miner still posted an operating profit.It made a headline loss of 80 cents per share versus a loss of 64.7 cents per share a year earlier. Its operating profit fell almost 4 percent to 338.8 millio...Read More

Hochschild Mining goes on the hunt for gold with M&A on the agenda

February 23, 2018 / dlvr.it

Hochschild Mining is to ramp up its hunt for gold as it steps up spending on exploration in three different countries and signals its renewed interest in acquisitions.Read full newsRead More

Foreign investors expected for Harare Mining Indaba

February 23, 2018 / www.mining.com

International investors will get a chance to consider the vast investment opportunities in Zimbabwe's growing mining sector at the Mining Indaba to be held from 27 to 28 February 2018 at The Meikles Hotel in Harare.The conference is hosted by the London-based MiningReport in conjunction with the Chamber of Mines of Zimbabwe and the Mines and Mining Development Ministry. President Emmerson Mnangagw...Read More

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