Share this articleTORONTO - Shares in Kinross Gold Corp. rose by more than 10 per cent on Friday after it announced it would introduce its first dividend in seven years in view of growing gold production.The news comes as gold prices continue to hover at near all-time record heights above US$1,950 per ounce.Kinross last paid a dividend of eight cents per share in March 2013, suspending it a few mo...Read More
We just weren't ready...One of the reasons coronavirus has had such a big impact on the economy and our social lives was a lack of preparation. PricewaterhouseCoopers writes:Most companies already have business continuity plans, but those may not fully address the fast-moving and unknown variables of an outbreak like COVID-19. Typical contingency plans are intended to ensure operational effectiven...Read More
RESEARCH HIGHLIGHTS:Gold Pennant/Flag formation is now complete and setting up new momentum base near $1,925.Our Adaptive Fibonacci Models suggest support will prompt new Gold rally to $2,250.The rally in Gold will continue to extend higher over the next 4+ weeks. The US Dollar may move lower and/or the US stock market may break recent support to prompt this new rally in Gold. If...Read More
We are just in the beginning stages of the MASSIVE SILVER BULLION DEMAND to come... by Steve St Angelo of SRSrocco ReportThe top three official mints sold a great deal of retail silver bullion products in the first half of 2020. However, the sales figure could have been a great deal higher if the various government mints weren't forced to shut down production. The top three official mints in...Read More
This time yesterday base metals prices were down across the board, but with the exception of Shanghai Futures Exchange tin, they were all up during morning trading on Friday September 18 – showing sentiment remains bullish overall with dips being bought.This suggests prospects for increased demand for metals from infrastructure projects is driving sentiment and the market is not so concerned...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade. Today is Quadruple Witching Day for U.S. markets when September equity and index options and futures record their last trade. Volumes on U.S. exchanges are expected to be well above average. The Canadian Dollar was virtually unchanged at US75.80 cents following release of Canada's July Re...Read More
The Flin Flon mining district, which straddles Manitoba and Saskatchewan, hosts Hudbay Minerals' (TSX: HBM; NYSE: HBM) 777 mine.The underground mine, which has been producing base and precious metals since 2004 and employs over 800 people, is approaching the end of its life, with final production slated for 2022. This is a cause of great concern for the local community of Flin Flon.However, Max Po...Read More
Chairman Mao Zedong's famous proclamation that "women hold up half the sky" may be true but certainly not as chief executive officers or in the boardrooms of the corporate world.So it was refreshing to hear the recent news that Citigroup - the third largest bank in the United States - has chosen Jane Fraser as its next CEO. Fraser, 53, started her career at Goldman Sachs in London and then went to...Read More
The suspension of mining activities due to the Covid-19 outbreak in the second quarter of this year will result in a 1.7% decline in global gold production in 2020, says GlobalData.According to the data and analytics company, all the world's top gold producers, including Newmont (TSX: NGT; NYSE: NEM), Barrick Gold (TSX: ABX; NYSE: GOLD), AngloGold Ashanti (NYSE: AU), and Newcrest Mining (ASX: NCM)...Read More
Chile's environmental court has put the final nail in the coffin for Barrick Gold's (TSX: ABX; NYSE: GOLD) giant Pascua-Lama gold-silver project, straddling the Argentina border, which had been on hold since 2013 over environmental concerns.The court dismissed late on Thursday a legal challenge from the company to a 2018 ruling. At the time, Chile's Environmental Protection Agency (SMA) ordered th...Read More
BHP (NYSE: BHP; LSE: BHP) acknowledged on Thursday it was aware of Australian Aboriginal groups' concerns about the future of dozens of heritage sites before it sought and obtained approval to destroy them, as part of a US$3.4 billion expansion of its South Flank iron ore project.The company, the second major miner to appear at a federal parliamentary inquiry investigating Rio Tinto's (NYSE: RIO;...Read More
The world is in the midst of a devastating pandemic. These are uncertain times, and people are cautious. In this environment, investors need to be conservative. To minimize risk, most investors tend to invest in assets that are considered safe, particularly gold. Here are three reasons why wealthy billionaires and sophisticated investors are betting on the yellow metal, and why you shou...Read More
Sep 19, 2020 Guest(s): Shaokai Fan Head of Central Bank Relationships, World Gold Council Central bank gold demand has been slowly declining through 2020, with July net purchases falling to their lowest level since December 2018. However, the World Gold Council said this sector remains an essential pillar of support for the gold market. WGC said that foreign exchange reserve data from the Intern...Read More
Sep 20, 2020 Guest(s): Joe Mazumdar Editor, Exploration Insights The junior exploration sector has seen a flood of investment capital in the last few months as gold prices have pushed to record highs; according to one analyst, the industry remains undervalued and there is further investment potential. In an interview with Kitco News, on the sidelines of the virtual Beaver Creek Precious Metals S...Read More
RESEARCH HIGHLIGHTS:Gold Pennant/Flag formation is now complete and setting up new momentum base near $1,925.Our Adaptive Fibonacci Models suggest support will prompt new Gold rally to $2,250.The rally in Gold will continue to extend higher over the next 4+ weeks. The US Dollar may move lower and/or the US stock market may break recent support to prompt this new rally in Gold. If...Read More
Hours before a patchwork federal police force dispersed protesters from the White House with tear gas so Donald Trump could have his picture taken with a bible, the Defense Department's lead military police officer sent out a call for a "heat ray" that could be used to scorch the skin of American citizens.The weapon, known as an Active Denial System, is a form of directed-energy weapon (or laser w...Read More
RESEARCH HIGHLIGHTS:Gold Pennant/Flag formation is now complete and setting up new momentum base near $1,925.Our Adaptive Fibonacci Models suggest support will prompt new Gold rally to $2,250.The rally in Gold will continue to extend higher over the next 4+ weeks. The US Dollar may move lower and/or the US stock market may break recent support to prompt this new rally in Gold. If...Read More
Nexus Gold Corp. is pleased to provide a corporate update to sharRead full newsRead More
Bold Ventures Inc. is pleased to announce that an exploration perRead full newsRead More
Commander Resources Ltd. is pleased to report that Maritime ResouRead full newsRead More