Rio Tinto (ASX, LON, NYSE: RIO), the world's second largest mining company, denied Wednesday a report released by a Dutch non-profit organization claiming it had dodged $700 million in taxes to Mongolian and Canadian authorities relating to its Oyu Tolgoi copper and gold mine.According to the Dutch Centre for Research on Multinational Corporations (SOMO), Rio and its Canadian subsidiary Turquoise...Read More
Rio Tinto (ASX, LON, NYSE: RIO), the world's second largest mining company, denied Wednesday a report released by a Dutch non-profit organization claiming it had dodged $700 million in taxes to Mongolian and Canadian authorities relating to its Oyu Tolgoi copper and gold mine.According to the Dutch Centre for Research on Multinational Corporations (SOMO), Rio and its Canadian subsidiary Turquoise...Read More
Rio Tinto (ASX, LON, NYSE: RIO), the world's second largest mining company, denied Wednesday a report released by a Dutch non-profit organization claiming it had dodged $700 million in taxes to Mongolian and Canadian authorities relating to its Oyu Tolgoi copper and gold mine.According to the Dutch Centre for Research on Multinational Corporations (SOMO), Rio and its Canadian subsidiary Turquoise...Read More
Rodger Sargent from Blockchain Worldwide PLC (LON:BLOC) talks Proactive's Andrew Scott through their name change from Stapleton Capital PLC and their new investment strategy.Sargent says they've been reviewing a number of exciting blockchain opportunities and reckon the underlying technology has the potential to disrupt many industries around the world. Meet Reward Minerals Ltd, Recce Ltd, R...Read More
IamgoldCorp. (TSX: IMG:NYSE: IAG)reports high-grade drill intersections from its 2017 drilling program on theDiakha deposit of the Siribaya project in Mali. The company reported on 105drill holes totaling 19,520 meters. Highlights of infill drill holes included 26 meters grading 6.79 grams per tonne of gold,including 8 meters at 20.52; 18.0 meters grading 11.06 g/t, including: 6 metersgrading 32.4...Read More
Currently, gold (XAU/USD) is up 0.53 percent at $1342, but the gains could be short-lived, price chart indicates. Price action in the last 24 hours Ysterday's rebound from $1335.49 (4-hour 100-MA yesterday) ran out of steam at a high of $1348 as expected. However, the ensuing price drop again found bids at 4-hour 100-MA. 4-hour chart As seen in the chart above, three out of the prev...Read More
--Rio Tinto Group has denied accusations made by the Centre for Research on Multinational Corporations, known as SOMO, that it avoided about $700 million in taxes related to its Oyu Tolgoi copper mine in Mongolia, Bloomberg reports. Full story: https://bloom.bg/2BFgOTW Write to Barcelona editors at [email protected] Read More
(Kitco News) - Gold and silver markets are moderately higher in early U.S. trading Wednesday. Aneroding U.S. dollar index continues to work in favor of the precious metalsmarket bulls. April Comex gold futures were last up $5.70 an ounce at $1,345.60.March Comex silver was last up $0.142 at $17.20 an ounce.Thejust-released ADP National Employment Report showed a rise of 234,000 jobs inJanuary. Fo...Read More
(Kitco News)- Thegold market is off its highs but still holding on to modest gains despitestronger than expected private sector employment data.ADPsaid that 234,000 jobs were created in January. According to consensusforecasts, economists were expecting to see job gains of 186,000.The gold market was showing modest gains ahead of thereport, pushed higher from a weaker U.S. Dollar Index. April gold...Read More
Here's a blast from the past. Remember when gold went 12 straight years of positive returns from 2001 through 2012? Not only that, it outperformed the Dow Jones Industrial Index (DJI) in 10 of those years. When the Dow began making new highs in 2013, it was still down 75% when priced in ounces of gold. Some people made the case that heavy money printing inflated the index's price, masking the fact...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 16.1 G/T AU OVER 8.3 METRES AT GARRISONOsisko Mining Inc. has released new results from the 2017 drill program at its 100-per-cent-owned Garrison gold project located in Garrison township, Ontario. Over 80,000 metres of new drilling have been conducted by Osisko on the Garrison project since its acquisition in late 2015. A total of 28 new intercepts in n...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 16.1 G/T AU OVER 8.3 METRES AT GARRISONOsisko Mining Inc. has released new results from the 2017 drill program at its 100-per-cent-owned Garrison gold project located in Garrison township, Ontario. Over 80,000 metres of new drilling have been conducted by Osisko on the Garrison project since its acquisition in late 2015. A total of 28 new intercepts in n...Read More
On Tuesday night, President Trump delivered the State ofthe Union and had some rosy thoughts about jobs, the economy and general healthof the country. It may have been one of his best speeches while he has been inoffice.While the equities have picked up $6 trillion in value, thesame can't be said for the metals. Since the election, gold is slightly higherand silver is lower. The chase for yield ha...Read More
Mitsubishilooks for gold to find support from two main factors in 2018 -- a favorableenvironment for real interest rates and a subdued U.S. dollar. “The U.S.Federal Reserve is likely to raise interest rates only slowly andconservatively and be disinclined to get ‘ahead of the curve’ despite the U.S.economy growing at full steam and signs of rising inflation beginning toemer...Read More
Mitsubishi looks for gold to find support from two main factors in 2018 -- a favorable environment for real interest rates and a subdued U.S. dollar. “The U.S. Federal Reserve is likely to raise interest rates only slowly and conservatively and be disinclined to get ‘ahead of the curve’ despite the U.S. economy growing at full steam and signs of rising inflation beginning t...Read More
Mr. Darin Wagner reportsBALMORAL COMMENCES INITIAL EXPLORATION PROGRAM ON HWY 810 PROPERTY, QUEBECBalmoral Resources Ltd. has commenced its first exploration program on the Hwy 810 property in Quebec. The wholly owned Hwy 810 property was acquired by Balmoral through staking in 2016/2017. The property covers over 250 square kilometres and is centred 15 kilometres northeast of Hecla Mining's multim...Read More
Mr. Darin Wagner reportsBALMORAL COMMENCES INITIAL EXPLORATION PROGRAM ON HWY 810 PROPERTY, QUEBECBalmoral Resources Ltd. has commenced its first exploration program on the Hwy 810 property in Quebec. The wholly owned Hwy 810 property was acquired by Balmoral through staking in 2016/2017. The property covers over 250 square kilometres and is centred 15 kilometres northeast of Hecla Mining's multim...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
* Dollar set for biggest monthly decline since March 2016* Yen briefly slips after BOJ resumes medium-tenor bond purchases* Graphic: World FX rates in 2017 By Saikat ChatterjeeLONDON, Jan 31 (Reuters) - The euro climbed half a percent on Wednesday and was on track for its biggest monthly rise in nearly two years as firm euro zone inflation data for January kept expectations alive for a swift withd...Read More
Bart Turtelboom, chief executive of APQ Global (LON:APQ) tells Proactive the upcoming Presidential election in Brazil is shaping up to be one of the critical events for emerging markets in 2018.''It really is too early to call how the field is shaping up, we'll only know that in July but the local Trump-like candidate is running again as well as a bunch of centre-right candidates so I think we'll...Read More