From safety deposit boxes in leafy west London to high-security facilities housing gold and silver in Frankfurt, companies that store valuables are expanding to meet demand.A rush into haven assets that began during the financial crisis is getting a new lease on life from an upsurge in populist politics and a quickening of inflation. Two firms say they plan to open vaults in Europe capable of hold...Read More
Minning JournalLog in or subscribe to access this article LOGIN HEREAlready a member?EmailPassword Remember meForgot password ?CancelLost Password Email addressBe everywhere in miningAccess the industry's go-to information resource, with coverage that adds insight to industry topics, trends and issues that matter in the macro environment.Digital3 Users: ?25 per user, per monthSUBSCRIBE NOWThe i...Read More
* Former FBI director to testify before Congress on Thursday* UK election in focus* Navistar dips after posting quarterly loss* Indexes up: Dow 0.11 pct, S&P 0.10 pct, Nasdaq 0.26 pct (Updates to open)By Tanya AgrawalJune 7 (Reuters) - U.S. stocks opened slightly higher on Wednesday but gains were limited as investors stayed on the sidelines ahead of Thursday's major political and economic events....Read More
(Kitco News) - It's always prudent for traders of any market and anytrading timeframe-even the short-term intra-day traders-to examine longer-termprice charts, such as weekly and monthly charts. History proves thatsignificant, trending moves in markets tend to see their prices gravitatetoward historical highs (in an uptrend) or lows (in a downtrend), which aredepicted on those longer-term charts....Read More
By Sarah McFarlane in London and Summer Said in Dubai Russia's sale of one-fifth of its state-owned oil company to Qatar and commodities giant Glencore PLC last year had an unusual provision: Moscow and Doha agreed Russia would buy a stake back, people familiar with the matter said. Russian President Vladimir Putin hailed the EUR10.2 billion ($11.5 billion) sale of the PAO Rosneft stake in Decembe...Read More
* Congolese clamour to vote, fear further election delays* President Kabila coopts opposition to ease pressure for vote* Economy worsens, corruption spreads* Officials reject comparisons with slide to war in 1990s By Aaron RossKINSHASA, June 7 (Reuters) - Arnaud Kalala had queued for hours in Kinshasa's rainy season heat to register to vote in an overdue election to replace Congolese President Jo...Read More
* Current chairman to step down on Oct. 31* Anglo's recovery stalling after commodities market rally in 2016* Chambers involved in two big takeover deals last year (Adds comments from analysts, industry source)By Rahul B and Barbara LewisJune 7 (Reuters) - Anglo American has appointed Stuart Chambers, the former chairman of British chip designer ARM Holdings and packaging group Rexam, to succeed J...Read More
(Corrects size of Algebris fund in paragraph 5)* Sterling fell 3 percent in less than four weeks* Hedge funds take view that pound will fall further* Exit from EU chief among British concerns for hedge funds By Maiya Keidan and Patrick GrahamLONDON, June 6 (Reuters) - Whatever the outcome of Britain's election on Thursday, some hedge funds are still betting sterling will fall anew -- anticipatin...Read More
The Africa-focused junior last week announced it would draw down the remaining half of a ?400,000 loan from Paracale Gold, which will help fund GoldStone into early 2018, and convert the loan amount plus interest into shares.GoldStone's directors also agreed to convert accrued and future salaries and fees through to the end of September into new ordinary shares to preserve cash.The measures follo...Read More
Money StuffBank Bailouts and Property Taxesby Matt Levine@matt_levineMore stories by Matt LevineRead More
(Updates with more share gains)* Banking shares rise after Santander rescues rival Popular* Euro hit by report ECB may cut inflation outlook* All eyes on "Triple Threat Thursday"* Graphic: World FX rates in 2017 By Patrick Graham and Danilo MasoniLONDON, June 7 (Reuters) - A smoothly executed rescue of Spain's struggling Banco Popular drove European banking stocks higher on Wednesday in financial...Read More
Jun 07, 2017 (Marketwired via COMTEX) -- SAN FRANCISCO, CA--(Marketwired - June 07, 2017) - With primary targets still not accessible due to weather, secondary targets are the focus, and analysts Ryan Walker of Echelon Wealth Partners and Adam Melnyk of PI Financial weigh in on the latest results. Company included in article: Victoria Gold Corp. In a June 5 press release, Victoria Gold Corp. (VI...Read More
Stock futures were in a holding pattern again on Wednesday as investors cautiosuly waited for direction from a number of market-churning events on Thursday. S&P 500 futures were up 0.04%, Dow Jones Industrial Average futures were flat, and Nasdaq futures rose 0.14%. Top of the list, the investigation into the Trump campaign's alleged ties with Russia will come back into the spotlight as fo...Read More
The pair have signed a heads of agreement to discuss potential collaboration in mineral exploration, both inside and outside China.Minmetals chairman He Wenbo said the partnership would help "secure mutual global opportunities for quality resources" and enhance the company's long-term development in the mining sector.Rio CEO J-S Jacques said Minmetals was rapidly becoming an important player in th...Read More
Gold futures are among the "few bright spots for commodity bulls," with prices poised to test their 2017 high, says Mike Zarembski, senior commodities analyst with optionsXpress. Comex August gold on Tuesday threatened the $1,300-an-ounce level for the first time since mid-April, with investors moving some assets to so-called "safe havens" like gold and U.S. Treasury notes, he says. Factors cited...Read More
(Kitco News) - Gold prices aremodestly lower on a normal downside technical correction after hitting a seven-weekhigh Tuesday. Prices are still within striking distance of the key $1,300.00mark. Major news events lie just ahead that are likely to move the preciousmetals markets. August Comex gold was last down $5.40 an ounce at $1,292.10.JulyComex silver was last down $0.10 at $17.61 an ounce. Ter...Read More
Mr. Paul Reynolds reportsTRIUMPH GOLD 13,000 METRE DRILL PROGRAM UNDERWAY AT FREEGOLD MOUNTAIN PROJECT, YUKONTriumph Gold Corp. has commenced a 13,000-metre diamond drill program at its road-accessible Freegold Mountain project in the Dawson range, Yukon.The program will test several new drill targets identified during 2016 field exploration and data review.The 2016 work focused on identifying geo...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 12.5 G/T AU OVER 8.5 METRES AT WINDFALL Osisko Mining Inc. has released new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in Urban township, Quebec. The current 400,000-metre drill program combines definition drilling above the Red Dog intrusion, expansion drilling above and below Red Dog, expansio...Read More
TMAC Resources (TSX: TMR) has officially kicked off commercial production at its Doris gold mine and mill at the Hope Bay project in Canada's far north, which has now become Nunavut's second operating gold mine and the first one ever in the western area of the Territory.The explorer, which poured its first gold bar at the mine in February, is celebrating the ramp up toward full production by flyi...Read More
TMAC Resources (TSX: TMR) has officially kicked off commercial production at its Doris gold mine and mill at the Hope Bay project in Canada's far north, which has now become Nunavut's second operating gold mine and the first one ever in the western area of the Territory.The explorer, which poured its first gold bar at the mine in February, is celebrating the ramp up toward full production by flyi...Read More