Gold stocks Articles

Gold Up, At 6-Wk High, Following Dovish FOMC

Thursday July 27, 2017 08:30 / Kitco News

Editor's Note: Kitco readers, have your say! Check out our newest feature - KITCO CHAT! - where you can share your comments and ask questions directly to us.(Kitco News) - Gold and silverprices are solidly up and scored multi-week highs in early U.S. tradingThursday, in the wake of a dovish Fed statement that has pushed the U.S. dollarindex to a 13-month low. August Comex gold was last up $13.20 a...Read More

Mexico's Grupo Mexico posts 60 percent jump in Q2 net profit

Thursday July 27, 2017 08:28 / Kitco News

MEXICO CITY, July 27 (Reuters) - Mexican mining, rail and infrastructure company Grupo Mexico on Thursday reported a 60 percent year-on-year increase in its net profit in the second quarter.Net profit jumped to $557 million from $348 million in the second quarter of last year, the company said in a filing.Revenues at the firm rose to $2.25 billion in the April-June period from $2.09 billion in the...Read More

FED Drives Dollar Lower

Thursday July 27, 2017 08:09 / Kitco News

Editor's Note: Kitco readers, have your say! Check out our newest feature - KITCO CHAT! - where you can share your comments and ask questions directly to us.(Kitco News)- TheFOMC completed their two-day meeting on Wednesday and met Wall Street'sexpectations, sending equites higher and torching the dollar. The dollar is nowat 13 months lows and showing no signs that a rally is imminent. Ourexpectat...Read More

Physical gold demand rises in first half, but market sees surplus: GFMS

July 27, 2017 08:08:33 / Reuters Editorial

LONDON (Reuters) - Physical gold demand globally rose to 1,895 tonnes in the first half of 2017, up 17 percent from the same period last year, GFMS analysts at Thomson Reuters said. But the market saw a surplus of 138 tonnes in the first six months compared with a balanced market in the same period last year, despite supplies shrinking more than five percent to 2,160 tonnes. That was mainly due to...Read More

Coeur Posts 2Q Loss, Reports Higher Investment Expense, Debt Retirement

Thursday July 27, 2017 08:07 / Kitco News

Editor's Note: Kitco readers, have your say! Check out our newest feature - KITCO CHAT! - where you can share your comments and ask questions directly to us.(Kitco News)- Coeur Mining, Inc. (NYSE: CDE) reported aloss in the second quarter late Wednesday, saying the results reflected higherinvestment spending geared at long-term growth and a $9.3 million one-timeexpense from early retirement of deb...Read More

UPDATE 2-Gold miners make provisions for possible settlement in lung disease lawsuit

Thursday July 27, 2017 07:55 / Kitco News

* Lawsuit covers miners who contracted silicosis at work* Anglo American sets aside $101 mln* Gold Fields makes provision of $30.2 mln* Settlement not a certainty* Mining companies to attend appeal hearing in March (Adds Harmony Gold comment)By Ed Stoddard and Zandi ShabalalaJOHANNESBURG, July 27 (Reuters) - Mining companies Gold Fields and Anglo American have set aside over $130 million between t...Read More

RPT-PRECIOUS-Gold rises to six-week high as dollar drops after Fed statement

July 27, 2017 07:08:38 / Reuters Editorial

(Repeats to fix technical glitch)* Dollar index at 13-month low* Spot gold may break resistance at $1,264/oz -technicals* Silver hits highest since June 29By Nithin ThomasPrasadBENGALURU, July 27 (Reuters) - Gold rose for a second day onThursday, hitting a six-week high as the dollar dropped to a13-month low after the U.S. Federal Reserve indicated it wouldkeep to a slow path of monetary tighteni...Read More

India Trade Ministry Sees Scope for Lowering Gold Import Tax

July 27, 2017, 7:07 AM / Swansy Afonso

Customs duty on gold shipments currently stands at 10 percentThe tax was raised three times in 2013 to curb importsIndia's trade ministry sees scope for lowering the import tax on gold as the current account deficit improves in the world's second-biggest consumer of the metal."There is a case for lowering import duty," as it is directly linked to the current-account deficit, which has been improvi...Read More

Artisanal miners' strike impacts Colombian town

Jul. 27, 2017, 7:00 AM / Valentina Ruiz Leotaud

Local businesses have joined a general strike started six days ago by at least 10,000 artisanal and ancestral miners operating in the Colombian towns of Segovia and Remedios, located in the northern Antioquia department.The action has left many residents, used to buy groceries for the day, struggling to find food and supplies.Remedios Mayor Luca Carvajal told El Tiempo newspaper that a huge chunk...Read More

Sage draws down final $3.26M tranche of Clavos facility

2017-07-27 06:58 / Mr. Nigel Lees reports

Mr. Nigel Lees reports SAGE GOLD RECEIVES FINAL TRANCHE OF CLAVOS FINANCING Sage Gold Inc. has drawn down the third and final tranche of the gold prepayment facility from Cartesian Royalty Holdings Pte. Ltd. (CRH) to finance the continuing reopening of its Clavos gold project in Timmins, Ont.The third and final tranche drawdown of $3.26-million was subject to certain conditions which have been ful...Read More

PRECIOUS-Gold falls from six-week high as dollar rebounds

July 27, 2017 06:43:11 / Reuters Editorial

* Gold steadies as U.S. dollar turns higher* Silver hits highest since June 29* Palladium at strongest level since June 23 (Recasts; updates prices; adds comment, byline, NEW YORKdateline)By Marcy Nicholson and Eric OnstadNEW YORK/LONDON, July 27 (Reuters) - Gold fell from asix-week high on Thursday, pressured by the dollar's bounce onsolid U.S. economic data and as traders digested the FederalRes...Read More

Kirkland increases NI 43-101 reserves at Fosterville

2017-07-27 06:35 / Mr. Anthony Makuch reports

Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD ANNOUNCES UPDATED MINERAL RESERVES AT FOSTERVILLE, UNDERGROUND OUNCES MORE THAN DOUBLED, GRADE INCREASES 83%Kirkland Lake Gold Ltd. has released the results of the company's 2017 midyear mineral reserves and mineral resources update for the Fosterville gold mine. The updated mineral reserves and mineral resources are as at June 30, 2017. Included in the...Read More

UPDATE 3-Miner Vale to look toward copper after 2nd-quarter miss

Thursday July 27, 2017 06:25 / Kitco News

(Recasts first sentence with copper mining and nickel production, adds comments by CEO and CFO, debt goal, other financial details)By Alexandra Alper and Marta NogueiraRIO DE JANEIRO, July 27 (Reuters) - Brazilian miner Vale SA said on Thursday it would seek out fresh copper mining options and stop expanding nickel production capacity after second-quarter net income plunged on forex losses, risin...Read More

Anglo, Gold Miners Set Aside Millions for Lung Disease Claims

July 27, 2017, 3:26 AM / Kevin Crowley

Anglo has set aside $101 million for silicosis settlementClass-action suit by workers would be South Africa's biggestAnglo American 'In a Different Place,' Says CEO CutifaniSouth African mining firms including Anglo American Plc are preparing a multimillion-dollar settlement with as many as 100,000 former workers who suffer from debilitating and deadly lung diseases caused by exposure to dust from...Read More

Greece arrests Russian suspected of running $4 billion bitcoin laundering ring

July 27, 2017 01:16:58 / Karolina Tagaris , Jack Stubbs and Anna Irrera

ATHENS/MOSCOW/NEW YORK (Reuters) - A Russian man suspected of being the anonymous mastermind behind one of the world's oldest crypto-currency exchanges and of laundering at least $4 billion has been arrested in Greece, police and sources said on Wednesday. Police sources identified him as Alexander Vinnik, 38, who was arrested after a tip-off in a small beachside village in northern Greece on a U....Read More

Becker Polverini: You Should Be Worried About Big Data - They Are Watching You

July 27, 2017 / McAlvany Financial

On today's show David speaks to Becker Polverini of https://www.pkcsecurity.com to discuss Cybersecurity, Cryptography, & how the Internet is changing the world. They discuss how society has exchanged privacy for ease pf use & free digital services. The Internet is not designed for security or privacy, rather for convenience. Big Data is storing everything about you, companies now view you as the...Read More

World Stock Markets, Gold, Boosted By Dovish FOMC Statement Wed. PM

July 27, 2017 / Jim Wyckoff

(Kitco News) - Global stock markets were mostly firmer overnight in the wake of a U.S. Federal Reserve meeting that produced a statement most of the markets deemed as leaning to the dovish side of U.S. monetary policy. Recent corporate earnings reports have also been mostly upbeat. U.S. stock indexes are pointed toward higher and record high openings when the New York day session begins.Gold is po...Read More

Ira Epstein's Precious Metals Video July-27-2017 -- Post FOMC

Thursday, 27 July2017 / Staff reporter

By: Ira EpsteinPrecious Metals Video July-27-2017 -- Post FOMC analysis.https://www.iraepstein.com/Read More

The Co-Existence Of "Scarcity Assets"

Thursday, 27 July2017 / Staff reporter

By: Andy Hoffman On this day before yet another FOMC propaganda event, how can stock futures not be higher - given that, per the well-documented "pre-FOMC drift" manipulation scheme, for the past decade, stocks have enjoyed their biggest gains the days before and during FOMC announcements. Conversely, how can Precious Metals not be suppressed - per the 87th "2:15 AM" EST attack of the past 1,002...Read More

August Gold Pops a Wheelie

Thursday, 27 July2017 / Rick Ackerman, Rick's Picks

August Gold encouraged with an end-of-day reversal that tripped a counterintuitive' buy signal at 1249.30 (see inset). We anticipated this during this morning's tutorial session, which you can access in recorded form if you were registered for the class but unable to attend. In after-hours trading the futures looked like an easy bet to reach the 1267.60 target shown, but we should expect buyers t...Read More