Recent News

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 1% on the Week While Stocks Drop Over 5%

January 01, 1970 / news.goldseek.com

 CloseGain/LossOn WeekGold $1314.80-$2.40-1.28%Silver$16.32-$0.06-1.69%XAU78.35-1.90%-6.59%HUI174.55-2.15%-7.17%GDM596.91-1.61%-7.11%JSE Gold1131.89-10.58-7.89%USD90.43+0.10+1.42%Euro122.38-0.09-1.77%Yen92.09+0.14+1.36%Oil$59.20-$1.95-9.55%10-Year2.855%+0.026+0.60%Bond143.71875-0.75-0.88%Dow24190.90+1.38%-5.21%Nasdaq6874.49+1.44%-5.06%S&P2619.55+1.49%-5.16%  The Metals: Gol...Read More

Gold Seeker Closing Report: Gold and Silver Gain With Stocks

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1321.30+$6.50Silver$16.52+$0.20XAU81.08+3.49%HUI180.45+3.38%GDM613.99+2.89%JSE Gold1118.34-13.55USD90.14-0.29Euro122.92+0.54Yen92.02-0.07Oil$59.29+$0.0910-Year2.857%+0.002T-Bond144.50+0.34375Dow24601.27+1.70%Nasdaq6981.96+1.56%S&P2656.00+1.39%  The Metals: Gold gained $11.10 to $1325.90 in early Asian trade before it fell back to $1317.50 in London, but...Read More

'Curveballs' force Acacia Mining to ditch dividend, post $700M loss amid Tanzania dispute

January 01, 1970 / business.financialpost.com

Acacia Mining produces gold and copper, both of which are surging in price, so why did the company ditch its dividend and post a $700 million loss?“We were thrown … a lot of curveballs,” chief executive Peter Geleta said on an investor earnings call on Monday. “In fact, I don’t think many people would have faced what we faced last year in their whole careers.”H...Read More

Gold Seeker Closing Report: Gold and Silver Gain Again

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1329.30+$8.00Silver$16.57+$0.05XAU81.06-0.03%HUI180.45UNCHGDM615.81+0.37%JSE Gold1170.31+51.97USD89.69-0.45Euro123.51+0.59Yen92.78+0.76Oil$59.19-$0.1010-Year2.829%-0.028T-Bond144.75+0.34375Dow24640.45+0.16%Nasdaq7013.51+0.45%S&P2662.94+0.26%  The Metals: Gold gained $9.40 to $1330.70 in London before it fell back to $1322.90 in early New York trade, but...Read More

New government risks B.C.'s strong fiscal position if upcoming budget ramps up spending

January 01, 1970 / www.fraserinstitute.org

SummaryIn many respects, British Columbia can currently boast of having the soundest fiscal position of any Canadian province. While other provinces, including Ontario and Alberta, have struggled in recent years with comparatively large budget deficits and significant debt accumulation, BC recorded a $2.7 billion operating surplus last year (2016/17)-its fourth consecutive operating surplus and th...Read More

Gold Seeker Closing Report: Gold and Silver Gain Almost 2%

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1352.10+$22.80Silver$16.87+$0.30XAU85.50+5.49%HUI189.40+4.96%GDM641.91+4.24%JSE Gold1173.26+2.95USD88.95-0.74Euro124.58+1.07Yen93.49+0.71Oil$60.60+$1.4110-Year2.911%+0.082T-Bond143.50-1.0625Dow24893.49+1.03%Nasdaq7143.62+1.86%S&P2698.63+1.34%  The Metals: Gold gained $7.60 to $1336.90 in Asia before it dropped back down to $1318.50 just after this morni...Read More

Alberta government could balance its budget sooner than 2023/24 with modest spending discipline

January 01, 1970 / www.fraserinstitute.org

Alberta faces significant fiscal and economic challenges. The government has run nearly uninterrupted deficits since 2008/09 and has seen an approximately $57 billion decline in its net financial assets between 2008/09 and 2017/18. The government has stated that it will continue to run significant budget deficits for many years before finally achieving balance in 2023/24. This unambitious target f...Read More

Gold Seeker Closing Report: Gold and Silver End Higher In Mixed Trade

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1353.40+$1.30Silver$16.88+$0.01XAU85.48-0.02%HUI189.36-0.02%GDM645.96+4.90%JSE Gold1197.05+23.79USD88.58-0.37Euro125.02+0.44Yen94.27+0.78Oil$61.34+$0.7410-Year2.902%-0.009T-Bond143.90625+0.53125Dow25200.37+1.23%Nasdaq7256.43+1.58%S&P2731.20+1.21%  The Metals: Gold gained $4.90 to $1357.00 in late Asian trade before it drifted back to $1348.60 in London...Read More

Agnico Eagle CEO bullish on Canada as rivals falter overseas

January 01, 1970 / business.financialpost.com

Gold prices are rising after a prolonged period of sluggish performance, but not all gold producers will be able to use 2018 to grow — as three earnings announcements released this week by senior Canadian gold companies demonstrated.Barrick Gold Corp., the world’s largest producer, cut its 2018 production outlook to 4.5 million to 5 million ounces whereas Goldcorp Inc., at nearly half...Read More

Barrick cuts gold output forecast in eighth straight decline

January 01, 1970 / business.financialpost.com

Barrick Gold Corp., the bullion producer that once towered over rivals, continues to shrink.The Toronto-based miner is predicting its eighth straight decline in annual production as it takes less gold out of the ground at its main mines. The company expects to produce 300,000 fewer ounces in 2018 than it had previously forecast. It now projects total production will be 4.5 million to 5 million oun...Read More

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% on the Week

January 01, 1970 / news.goldseek.com

 CloseGain/LossOn WeekGold $1348.70-$4.70+2.58%Silver$16.68-$0.20+2.21%XAU83.23-2.63%+6.23%HUI184.95-2.33%+5.96%GDM631.75-2.20%+5.84%JSE Gold1204.14+7.09+6.38%USD89.15+0.57-1.42%Euro124.12-0.90+1.42%Yen94.00-0.27+2.07%Oil$61.68+$0.34+4.19%10-Year2.871%-0.031+0.56%Bond144.28125+0.28125+0.39%Dow25219.38+0.08%+4.25%Nasdaq7239.47-0.23%+5.31%S&P2732.22+0.04%+4.30%  The Metals: G...Read More

More than 80 Ontario high schools show improvement in math, despite worrying trend provincewide

January 01, 1970 / www.fraserinstitute.org

The Report Card on Ontario's Secondary Schools 2018 collects a variety of relevant, objective indicators of school performance into one, easily accessible public document so that anyone can analyze and compare the performance of individual schools. By doing so, the Report Card assists parents when they choose a school for their children and encourages and assists all those seeking to improve their...Read More

Gold Seeker Closing Report: Gold and Silver Fall Over 1% With Dow

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1330.70-$18.00Silver$16.47-$0.21XAU80.83-2.89%HUI178.98-3.23%GDM614.69-2.70%JSE Gold1152.60-41.04USD89.71+0.56Euro123.37-0.75Yen93.37-0.63Oil$61.79+$0.2410-Year2.881%+0.010T-Bond143.9375-0.0625Dow24964.75-1.01%Nasdaq7234.31-0.07%S&P2716.26-0.58%  The Metals: Gold waffled near unchanged in holiday thinned trade yesterday before it fell $13.20 to as low a...Read More

Canada crosses fingers it will escape Trump's crackdown on foreign steel shipments

January 01, 1970 / business.financialpost.com

Canada, the top steel and aluminum exporter to the U.S., is hopeful of being left out of a Trump administration crackdown on foreign shipments.While the U.S. Commerce Department didn’t recommend giving its northern neighbour a pass when it outlined possible tariffs and quotas on Friday, it did acknowledge Canada’s importance to the U.S. aluminum industry. Canada accounts for...Read More

Gold Seeker Closing Report: Gold Ends Lower While Silver Edges Up

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1324.50-$6.20Silver$16.48+$0.01XAU80.51-0.39%HUI178.65-0.19%GDM611.03-0.78%JSE Gold1147.05-5.55USD90.05+0.34Euro122.92-0.45Yen93.03-0.34Oil$61.68-$0.1110-Year2.936%+0.055T-Bond142.6875-1.1875Dow24797.78-0.67%Nasdaq7218.23-0.22%S&P2701.33-0.55%  The Metals: Gold dropped $5.20 to $1325.50 in late Asian trade before it rallied up to $1332.90 in midmorning...Read More

Saskatchewan 2nd most attractive jurisdiction worldwide for mining investment; Quebec and Ontario also in global top 10

January 01, 1970 / www.fraserinstitute.org

This report presents the results of the Fraser Institute's 2017 annual survey of mining and exploration companies. The survey is an attempt to assess how mineral endowments and public policy factors such as taxation and regulatory uncertainty affect exploration investment. The survey was circulated electronically to approximately 2,700 individuals between August 22nd and November 10th, 2017. Surve...Read More

Gold Seeker Closing Report: Gold and Silver Gain Nearly 1%

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1331.50+$7.00Silver$16.61+$0.13XAU80.02-0.61%HUI175.85-1.57%GDM608.39-0.43%JSE Gold1099.99-47.06USD89.77-0.28Euro123.29+0.37Yen93.85+0.82Oil$62.77+$1.0910-Year2.922%-0.014T-Bond143.09375+0.40625Dow24962.48+0.66%Nasdaq7210.09-0.11%S&P2703.96+0.10%  The Metals: Gold fell $3.70 to $1320.80 in Asia, but it then rallied back higher for most of trade in New Y...Read More

Barrick clings to top gold miner title as Newmont falls short by only 125 gold bars

January 01, 1970 / business.financialpost.com

A gap of about 50,000 ounces — or about 125 gold bars — is all that stands in the way of Newmont Mining Corp. from claiming the title of world’s biggest gold miner.The Greenwood Village, Colorado-based miner said Thursday its 2017 gold production was 5.27 million ounces, ending the year in a near dead-heat with industry leader Barrick Gold Corp., which produced 5.32 million...Read More

Apple deal to buy cobalt directly from miners could provide path for struggling Canadian companies

January 01, 1970 / business.financialpost.com

With cobalt prices soaring and fears of a potential shortage mounting, reports emerged Wednesday that Apple Inc. is in talks with a mining company to secure a direct supply of the scarce metal - a critical component of batteries.It's the type of deal that Fortune Minerals Ltd.'s chief executive Robin Goad has been trying to broker for years. Since 1996, Goad has raised tens of millions of dollars...Read More

Ottawa could balance budget in 2019 (as promised) with modest spending reduction

January 01, 1970 / www.fraserinstitute.org

Main ConclusionsDuring the 2015 federal election, Justin Trudeau's Liberals presented a fiscal plan to Canadians that proposed three years of deficit spending of no more than $10 billion annually with a return to a balanced budget by 2019/20. After forming government, they abandoned this fiscal plan-breaking a pledge to Canadians.Despite a growing economy, the Trudeau government has recorded annua...Read More

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