Shares of AmerisourceBergen Corp. (NYSE:ABC) are up 13.9% in electronic trading -- which would mark their best day since mid-2000 -- amid reports Walgreens Boots Alliance (WBA) is considering a full takeover of the drug distributor. According to the Wall Street Journal, WBA -- which already owns a 26% stake in ABC -- is in early stage talks to buy out the remaining shares, though a formal offer ha...Read More
Mr. Michael Williams reportsVENDETTA REPORTS ADDITIONAL HIGH GRADE DRILLING RESULTS FROM THE RECENT BRIDGE ZONE DISCOVERY AT THE PEGMONT LEAD-ZINC PROJECTVendetta Mining Corp. has released results from the Bridge zone and other drilling from the completed 2017 program at the Pegmont lead-zinc project in Queensland, Australia.Bridge zone sulphide highlights:PVRD132: six metres of 14.41 per cent Pb-...Read More
Stock futures are trading firmly below fair value this morning, signaling a reversal after two straight days of gains. Dow Jones Industrial Average (DJI) futures are down over triple digits, with anxiety ramping up ahead of the release of inflation data later this week. Traders are also digesting President Trump's newly unveiled budget proposal, which would more than double the U.S. deficit over...Read More
Iamgold Corp. (TSX: IMG; NYSE: IAG) reports that proven andprobable gold reserves at the end of 2017 increased by 86% to 14.5 millionounces from 7.8 million at the end of 2016. The addition of6.7 million ounces was primarily due to conversion of resources toreserves at the C??t?(C) goldproject in Ontarioand at the Botogold project in eastern Senega...Read More
MOSCOW, Feb 13 (Reuters) - Russia produced 306.9 tonnes of gold in 2017, up from 288.5 tonnes in 2016, the finance ministry said on Tuesday.Production for the period included 253.9 tonnes of mined gold compared with 237.8 tonnes in 2016, the ministry said in a report.Silver production totalled 1,044.3 tonnes in the January to December period, down from 1,088.9 tonnes in 2016, the ministry said. (R...Read More
(Kitco News) - Goldhas once again proved a viable diversifier in abalanced portfolio. As investors scrambled to meet margins on equity calls and found liquidity lacking asglobal markets were swinging widely, gold provided the liquidity for investors.The catalyst of higher yields and fears of accelerating inflation causedanalysts to re-examine equity valuations,and the large expected rise in the U....Read More
U.S. dollar weakness has supported gold so far Tuesday, although theabsence of traders from certain Asian gold-buying nations during the upcomingChinese New Year holiday period could take away physical buying for a spell,says Sam Laughlin, senior trader with MKS (Switzerland) S.A. Gold rose inAsia-Pacific trade, underpinned as the U.S. dollar fell against the Japaneseyen, he explains. Bullion move...Read More
Mr. John Burzynski reports OSISKO MINING PROVIDES ONTARIO EXPLORATION UPDATE Osisko Mining Inc. has provided an update on the progress of exploration at its 100-per-cent-owned Garrison gold project located in Garrison township, Ontario.Osisko has been conducting new exploration and definition drilling at Garrison for 20 months, since early 2016. As of the end of January, 2018, Osisko has completed...Read More
(Kitco News) - Goldprices are modestly up in early U.S. trading Tuesday. Some mild safe-havendemand is featured as the U.S. stock market is set to open lower. The preciousmetals are also supported by a lower U.S. dollar index on this day. April Comex gold futures were last up $2.50 an ounce at $1,328.90. March Comex silver waslast down $0.02 at $16.55 an ounce.Worldstock markets were mixed but mos...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Equities had what's known in thebusiness as a rip-your-face-off rally Monday, exploding almost 500 points. Therally was no surprise; six ugly days in a row usually leads to a viciousshort-covering rally. That's exactly what we got -- a short squeeze in a marketthat has topped.Gold also had a nice rally onMonday, not as powerful as equities but certainly based on the sameshort-covering set-up. Afte...Read More
ELKO, Nev., Feb. 13, 2018 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) today announced completion of the Fall 2017 drilling program and receipt of all certified assay results. The primary purpose of this scout hole program was to obtain more information about important host rock characteristics including, presence, distribution, depth, and the hydrothermal system presence and alteration eff...Read More
* Yen up 1.1 pct on day* Euro rises for 2nd day after falls last week* Dollar retreats after best week since 2016* Rand up after ANC decides to remove Zuma* Graphic: World FX rates in 2018 By Tommy WilkesLONDON, Feb 13 (Reuters) - The Japanese yen rose to a five-month high on Tuesday on the back of broad-based selling of the dollar and speculation the Bank of Japan could be close to dialling back...Read More
Mr. David Wolfin reportsAVINO PROVIDES 2017 YEAR END SUMMARY AND OUTLOOK FOR 2018Avino Silver & Gold Mines Ltd. has provided the following 2017 year-end summary and outlook for 2018 for the Avino and San Gonzalo mines and the Bralorne gold mine. Avino and San Gonzalo mines 2017 production highlights: Silver equivalent production -- 2,700,585 ounces (1); Silver production -- 1,394,203 ounces;...Read More
Shares in Seabridge Gold (TSX:SEA) (NYSE:SA) were soaring in pre-market trade in New York after the Canadian company bulked up again its already massive KSM gold-copper-silver project in northern British Columbia in both size and grade.Before the opening, Seabridge stock was already exchanging hands at $10.40, up 4.8% on the New York Stock Exchange, after hiking its estimated inferred gold and c...Read More
Shares in Seabridge Gold (TSX:SEA) (NYSE:SA) were soaring in pre-market trade in New York after the Canadian company bulked up again its already massive KSM gold-copper-silver project in northern British Columbia in both size and grade.Before the opening, Seabridge stock was already exchanging hands at $10.40, up 4.8% on the New York Stock Exchange, after hiking its estimated inferred gold and c...Read More
Currently, gold (XAU/USD) is trading at $1327, having left higher low along the upward sloping 50-day MA last week. The metal is up 1.52 percent from last week's low of $1307.05, but bull market revival is still not confirmed, indicates technical chart. 4-hour chart The above chart shows- The metal has been trapped in a rising channel and has tested the head and shoulders neckline (now...Read More
Rio Tinto (LON:RIO) has become the sole owner of Pistol Bay Mining's. (TSX-V: PST) uranium assets in the Athabasca Basin of Saskatchewan, Canada, by making a final payment of $1 million in cash.With the acquisition, the world's second largest miner is materializing plans of grabbing those three assets, which are located close to Cameco's McArthur River mine - the world's largest producing uraniu...Read More
* Euro rises for 2nd day after falls last week* Dollar retreats after best week since 2016* Yen hits five-month high, up 0.9 pct on day* Rand edges up with Zuma closer to exit* Graphic: World FX rates in 2018 By Tommy WilkesLONDON, Feb 13 (Reuters) - The euro gained on Tuesday as gains in global equity markets encouraged traders to sell the dollar and tiptoe back into riskier assets.The dollar was...Read More
DUBAI, Feb 13 (Reuters) - Gold trader Regal RA DMCC has become the first company in the Middle East to be awarded a licence by the Dubai Multi Commodities Centre (DMCC) to trade in cryptocurrencies.The licence allows the company to store bitcoin, ethereum and other alternatives to the best-known digital currencies in a vault located in the headquarters of the commodities free zone, DMCC said in a...Read More