Mr. Paul Huet reports KLONDEX ANNOUNCES A REDUCTION IN UNDERGROUND OPERATIONS AND WORKFORCE AT TRUE NORTH AND EXECUTIVE MANAGEMENT CHANGE Klondex Mines Ltd. has made a change in operations in Canada, which includes the immediate reduction of underground mining operations and work force at its True North mine in Manitoba, Canada.Following an extensive review of recent operational performance at Tru...Read More
The company, which was formed last year from the combination of NewCastle Gold, Anfield Gold and Trek Mining, says 2018 will be a milestone year.Read full newsRead More
TORONTO, ONTARIO--(Marketwired - Jan. 9, 2018) - Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at December 31, 2017 was CAD$506.0 million or CAD$3.82 per share. As at December 31, 2017, UPC's uranium investment portfolio consisted of the following:(in thousands of Canadian dollars, except quantity amounts)QuantityFair ValueInvestments in Uranium: Uraniu...Read More
The fact that gold pricing is trading under pressure is not a big surprise, and actually can be viewed as a well-needed pause in the rally currently underway. After trading to $1238 per ounce in mid-December of last year, gold prices have gained almost $90 before hitting resistance at $1327 late last week.Historically speaking, rallies in the precious yellow metal will move pricing roughly $100 du...Read More
The fact that gold pricing is trading under pressure is not a big surprise, and actually can be viewed as a well-needed pause in the rally currently underway. After trading to $1238 per ounce in mid-December of last year, gold prices have gained almost $90 before hitting resistance at $1327 late last week.Historically speaking, rallies in the precious yellow metal will move pricing roughly $100 du...Read More
FTSE 100 closes at new peakUS stocks resume gains, Dow Jones up 120 pointsMorrisons shares up after Christmas sales impressTesco down despite sales topping UK supermarkets in latest data FTSE 100 closed at a new record high on Tuesday as supermarkets bolstered the top tier index and Wall Street was back on the winning streak.Britain's blue-chip benchmark closed up over 34 points at...Read More
SANAA: A threat by Houthi militias to cut off vital Red Sea shipping routes is a "flagrant" challenge to international law, according to a Yemeni minister. Abdul-Raqib Fat'h, a minister and chairman of the Yemeni Higher Relief Committee, said in a statement to a Yemeni news agency, and quoted by SPA, that the threat to cut off international navigation in the Red Sea is an "open and flagrant challe...Read More
General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021.Read full newsRead More
2017 started with so much promise for the frack sand industry, but somehow all the large players ended down more than 40%.Read full newsRead More
Brent touches $68.29 per barrel as US inventories drop, however, Iran says Opec is 'not keen' on an oil price riseRead full newsRead More
U.S. stocks continued to march higher, with all three major market indexes touching fresh record highs. Itmarks the first time since 2000 in which the Dow, S&P, and Nasdaq all touched a record high within the first six sessions of the year, as well as the first time ever that they have notched all-time highs in each of the first six sessions. This monumental day was guided by a rally in healthcare...Read More
(Kitco News)- The countdown begins - in one month athletes from around theworld will converge in Pyeongchang, South Korea to compete for their country’shonor and the coveted Olympic medals.In total, only about 50 ounces of gold was used to createall the gold medals that will be handed out.On its website, the International Olympic Committee saidthat the South Korean medals were designed by th...Read More
(Kitco News) - The countdown begins - in one month athletes from around the world will converge in Pyeongchang, South Korea to compete for their country’s honor and the coveted Olympic medals.In total, only about 50 ounces of gold was used to create all the gold medals that will be handed out.On its website, the International Olympic Committee said that the South Korean medals were designed...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 140 G/T AU OVER 5.0 METRES AT LYNX Osisko Mining Inc. hasprovided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt in Urban township, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and arou...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 140 G/T AU OVER 5.0 METRES AT LYNX Osisko Mining Inc. hasprovided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt in Urban township, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and arou...Read More
The odds of a rate hike at the next Bank of Canada meeting more than doubled after a blockbuster December jobs report, but Canada's best-performing preferred share fund isn't rushing to adjust its strategy.Read full newsRead More
Newrange Gold Corp. (TSX VENTURE: NRG) (OTC PINK: CMBPF) (FRANKFURT: X6C) ('Newrange' or the 'Company') is pleased to announce multiple new rock units favorable for hosting gold mineralization have been identified in the Merritt target area at the Company's 100% controlled Pamlico Project in western Nevada.Read full newsRead More
Gold correlates with the four big markets: the dollar, the USD/JPY ratio, Treasury rates, and inflation expectations (TIP).Gold is behaving oddly relative to three of these four markets.This fairly-odd behavior may signal a change in the gold market.In previous SA articles, we demonstrated how gold correlates to the four big markets: the dollar, the USD/JPY ratio, Treasury rates, and inflation exp...Read More
Gold's corrective drop continues on Tuesday. DXY sticks to daily gains above 92. US stocks extend their upside to fresh all-time highs. The XAU/USD pair started the second day of the week under pressure and dropped to a fresh 5-day low at $1308 in the early NA session. As of writing, the pair was trading at $1311, losing $9, or 0.7%, on the day. Heightened expectations of the Fed going for a...Read More
In early August, Sprint Corp (NYSE:S) lost its footing atop its formerly supportive 200-day moving average, and the shares have been struggling since -- a move only exacerbated by the telecom concern's cancelled merger with T-Mobile (TMUS) in early November. Today, S stock is down 0.5% to trade at $5.76, and some options traders have been bracing for even bigger losses.Taking a closer look at the...Read More