(Kitco News) - Goldprices are slightly down in early morning trading Thursday, and dropped to afive-week low overnight. A rallying U.S. dollar index this week is puttingsignificant downside price pressure on the precious metals markets. Still,selling interest in safe-haven gold and silver is being mitigated by verywobbly U.S. stock indexes that have suffered major chart damage this week. April Com...Read More
(Kitco News) - Coeur Mining, Inc. (NYSE: CDE) wasprofitable in the fourth quarter and for full-year 2017 as the company hitrecord production for both periods.The company late Wednesday listed fourth-quarter income of $14.3million, or 8 cents per share, a turnaround from a loss of $10.3 million, or 6cents, in the same period a year ago. Excluding special items, adjusted incomewas $14.1 million, or...Read More
Last week, we remarked on a bullish extreme in the weekly Investors Intelligence (II) sentiment survey, in which the "bulls minus bears" line jumped to the 99th percentile of its annual range. However, in light of the recent stock market sell-off, II respondents abandoned the bullish camp at a rate seen just one other time since the Black Monday crash, sending up a sentiment signal not seen in dec...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
The equity markets continue theirhighly volatile trade, as Wednesday saw over a 500-point swing. The VIX indexhad a 12-point intraday trading range. Oil got clobbered again along with thebonds, gold, euro currency and the Canadian dollar.The U.S. dollar has bottomed andcould be the “black swan’ in the Fed’s grand scheme of things. The dollar wasthe last chance for the Fed to try...Read More
(Kitco News) - Gold held by globalexchange-traded funds increased by 27.6 tonnes during the first month of theyear, a gain of 5%, according to the World Gold Council (WGC).January's rise was largely drivenby North American ETFs, which added 21.5 tonnes ($940 million), representing73% of all global inflows, the WGC said in its monthly report on Thursday. Incomparison, European funds added only 7.6...Read More
By Rhiannon Hoyle This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (February 8, 2018). SYDNEY -- Rio Tinto PLC said it was hunting for acquisitions including in new commodities such as lithium, as it handed more cash to shareholders through an increased buyback program and record annual...Read More
Mr. Vishal Gupta reportsCALIFORNIA GOLD ANNOUNCES POSITIVE FIRST ASSAYS FROM RESOURCE DRILLING AT QUEEN SPECIMEN ZONE - INTERSECTS 30.2 M OF 1.21 G/T AU, INCLUDING 9.3 M OF 2.37 G/T AU AT ITS FREMONT GOLD PROJECT**California Gold Mining Inc. has released the first set of assay results from the recently commenced resource drilling program at the Queen Specimen zone at its flagship Fremont project i...Read More
Mr. Vishal Gupta reportsCALIFORNIA GOLD ANNOUNCES POSITIVE FIRST ASSAYS FROM RESOURCE DRILLING AT QUEEN SPECIMEN ZONE - INTERSECTS 30.2 M OF 1.21 G/T AU, INCLUDING 9.3 M OF 2.37 G/T AU AT ITS FREMONT GOLD PROJECT**California Gold Mining Inc. has released the first set of assay results from the recently commenced resource drilling program at the Queen Specimen zone at its flagship Fremont project i...Read More
Canadian billionaire Robert Friedland, founder and executive chairman of Ivanhoe Mines (TSX:IVN), has joined the debate over the Democratic Republic of Congo's imminent hike to mining taxes by saying his company would pay higher royalties and taxes, but only if that money benefits locals.The Vancouver-based company, which is developing the Kamoa-Kakula copper deposit in the Central African nation...Read More
Canadian billionaire Robert Friedland, founder and executive chairman of Ivanhoe Mines (TSX:IVN), has joined the debate over the Democratic Republic of Congo's imminent hike to mining taxes by saying his company would pay higher royalties and taxes, but only if that money benefits locals.The Vancouver-based company, which is developing the Kamoa-Kakula copper deposit in the Central African nation...Read More
Canadian billionaire Robert Friedland, founder and executive chairman of Ivanhoe Mines (TSX:IVN), has joined the debate over the Democratic Republic of Congo's imminent hike to mining taxes by saying his company would pay higher royalties and taxes, but only if that money benefits locals.The Vancouver-based company, which is developing the Kamoa-Kakula copper deposit in the Central African nation...Read More
Mr. Eric Edwards reportsTRIMETALS MINING INC. DRILLS 10.7 M @ 2.02 G/T AU AND 25.2 G/T AG AT 12.2 METERS DOWNHOLE DEPTH AT GOLD SPRINGS PROJECTTrimetals Mining Inc. has released the final results from drill holes completed as part of the 2017 program on the Gold Springs project in Utah and Nevada. SUMMARIZED RESULTSHoleFromToThickness*Gold SilverNo.(m) (m) (m) (g/t)(g/t)E-17-016 7.689.982.30.63 11...Read More
Mr. Eric Edwards reportsTRIMETALS MINING INC. DRILLS 10.7 M @ 2.02 G/T AU AND 25.2 G/T AG AT 12.2 METERS DOWNHOLE DEPTH AT GOLD SPRINGS PROJECTTrimetals Mining Inc. has released the final results from drill holes completed as part of the 2017 program on the Gold Springs project in Utah and Nevada. SUMMARIZED RESULTSHoleFromToThickness*Gold SilverNo.(m) (m) (m) (g/t)(g/t)E-17-016 7.689.982.30.63 11...Read More
Annual ETF inflows added 202.8t to demand, around one-third of 2016's inflows.Bar investment was broadly stable, while coin investment slid 10%.Official gold reserves swelled by 371.4t, 5% down on 2016.2017: Q4 recovery fails to mitigate full-year decline Gold demand rallied in the closing months of 2017, gaining 6% year-on-year (y-o-y) to 1,095.8 tonnes (t) in Q4. But it was too little, too late:...Read More
Sotheby's unveiled Thursday what it calls the "world's largest, rarest and most valuable D-Flawless round white diamond to have ever been offered for private sale, with experts predicting the gem could fetch over $33 million.The 102.34-carat white diamond, mined by De Beers in Botswana, is the only known round brilliant-cut gem over 100 carats perfect according to every critical criterion, said S...Read More
Sotheby's unveiled Thursday what it calls the "world's largest, rarest and most valuable D-Flawless round white diamond to have ever been offered for private sale, with experts predicting the gem could fetch over $33 million.The 102.34-carat white diamond, mined by De Beers in Botswana, is the only known round brilliant-cut gem over 100 carats perfect according to every critical criterion, said S...Read More
Sotheby's unveiled Thursday what it calls the "world's largest, rarest and most valuable D-Flawless round white diamond to have ever been offered for private sale, with experts predicting the gem could fetch over $33 million.The 102.34-carat white diamond, mined by De Beers in Botswana, is the only known round brilliant-cut gem over 100 carats perfect according to every critical criterion, said S...Read More
VANCOUVER, British Columbia, Feb.05, 2018(GLOBE NEWSWIRE) -- First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF) (OTCQX:FFMGF) (Frankfur...Read full newsRead More
Precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Thursday it had received approval from South African competition authorities to exchange selected assets for a 38% stake in South African DRDGOLD Ltd. (DRD), in a deal valued at R1.3 billion (roughly $108 million at today's rates).Deal gives Sibanye-Stillwater the option to increase its stake in DRDGold to 50.1%The company, Sou...Read More