(c) 2018, Bloomberg. It's one of the more unusual deals in the art world: After more than a decade, an Alberta businessman has finally found a buyer for his prized collection of gold castings of...Read full newsRead More
GIG HARBOR, Wash., March 26, 2018 /PRNewswire/ -- LKA Gold Incorporated (OTCQB: LKAI) reports that certain of the Company's largest shareholders and insiders have agreed to convert their 7.5% convertible debentures, plus accrued interest, to LKA common stock at a price of $.20 per share. When originally issued, the debentures carried a conversion price of $.50 per share. All LKA debenture hol...Read More
Vedanta, the London-listed natural resources company controlled by one of India's richest men, said Tuesday it was shutting its copper smelting operations in the south of the country, for a 15-day planned maintenance.The halt, originally scheduled for April, comes amid local media reports of massive protests around the smelter and even in front of the home of Vedanta's chief executive Anil Agarwal...Read More
Canadian gold-mining firm Kinross Gold Corp. settled with U.S. authorities over a probe into potential violations of the Foreign Corrupt Practices Act in its West African mining operations.Read full newsRead More
64-hectare property in Ballangen, Norway offers excellent access to renewable hydroelectricityThe Kolos property is located in a natural corridor surrounded by mountainous terrain and water, providing a physical security barrier for the proposed data centre and natural cooling of computing equipm...Read full newsRead More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Monday was a weak 73-100-117. The TSX Venture Exchange fell one point to 816 while polished diamond prices edged lower. Dr. Leon Daniels's Pangolin Diamonds Corp. (PAN) gained one cent to six cen...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold gained $6.60 to $1,353.40 on Monday. The TSX Venture Exchange fell 1.26 points to 816.54 while the TSX Gold Index rose 2.63 points to 190.34. Agnico Eagle Mines Ltd. (AEM) led Canadian gold miners higher today, addin...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange lost 1.26 points to 816.54 Monday. David Patterson and Colin Watt have listed their seventh capital pool shell, Two Owls Ventures Corp.(OWL), with a $400,000 initial public offering at 10 cents. The stock opene...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellThe U.S. Securities and Exchange Commission has fined Kinross Gold Corp. $950,000 for violations of the Foreign Corrupt Practices Act. (All figures are in U.S. dollars.) The SEC cites payments, some in cash, to individuals linked to governments in Mau...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellAbida Khan, a California investment adviser serving four years in jail for her part in a scheme run by Vancouver-linked fraudster Ed Durante, has suddenly dropped her appeal. A jury previously convicted her for placing clients of her advisory firm int...Read More
It is difficult to say when the 'free' gold market came into existence, since there always has been one. Yes, the gold price has been set and fixed by governments for long periods of time throughout history, as part of various types of gold standards. However, gold prices always have fluctuated around those official prices.Setting such nuances aside, the modern gold market was born 50 years ago th...Read More
Scientists from Imperial College London and UCL used a synthetic diamond grown in a nitrogen-rich atmosphere to create a new maser that operates continuously.A maser (microwave amplification by stimulated emission of radiation) is the older, microwave frequency sibling of the laser. It was invented in 1954 and has traditionally been used in deep space communication and radio astronomy.However, ear...Read More
The Oreninc Index fell in the week ending March 23rd, 2018 to 26.70 from an updated 52.33 a week ago as financings once again dried to a trickle.The week was full of news that was generally positive for gold led by the US Federal Reserve's latest monetary policy decision that confirmed the long-expected interest rate increase, but more importantly, the Fed indicated that it will only make three ra...Read More
The recent one-day 12% drop in First Quantum Minerals Limited (TSX:FM) stock on March 20 after announcing a serious dispute with Zambian tax authorities has some stark resemblance to the predicament of Barrick Gold Corp.'s (TSX:ABX)(NYSE:ABX) subsidiary, Acacia Mining Inc., in Tanzania last year, and investors may have something to learn from these isolated events.First Quantum was slapped with...Read More
Gold prices are beginning to enter zones that have seen significant resistance for a few years now. Naturally, gold bugs are optimistic that this time, the price will push through and start climbing up to US$1,400 and beyond.One unique stock that will give you exposure to both gold and silver is Wheaton Precious Metals Corp. (TSX:WPM)(NYSE:WPM). For those that don't know, Wheaton is the new name f...Read More
The markets plunged last week, and investors were flocking to hedge against a market downturn. In times of uncertainty, gold is a proven safe haven for investors. This makes sense, as gold and market crashes are negatively correlated. Need proof? From May 10, 2011, to October 3, 2011, the S&P lost 19% of its value, while gold gained 9.4%. During the last financial crisis, the S&P lost 5...Read More
Trade wars historically have been symptomatic of more profound underlying problems. Primarily economic in nature. Any big war in history can be tied to economic roots.The degree to which the U.S. financial and economic system is self-destructing varies inversely with the amplitude of the propaganda promoting the opposite.Yet, in 2016 based on the latest annual W-2 numbers available (SSA.Gov), 55%...Read More
An Australian nickel miner, a London-listed precious metals producer and a copper-focused Canadian were key market risers over the past 24 hours.Staff reporterNickel miner Western Areas among the risers27 MARCH 201827/03/2018commentsshareThe gains came as North American markets closed higher yesterday as trade war fears eased, but London's FTSE100 had closed slightly lower as tensions between Russ...Read More
BonTerra Resources (BTR.V) is in the middle of its 70,000 meter drill program at the Gladiator deposit and five drill rigs are currently active on the project site. These five rigs will be focusing on drilling the Gladiator deposit out with a 50 meter hole spacing for a total program size of 25,000 meters, whilst BonTerra is also working on a 5,000 meter regional exploration program to define new...Read More
The recent heightened threat of potential strikes at copper mines in Chile has started to fade, as Antofagasta (LN:ANTO) reportedly reached an agreement with workers at Los Pelambres, avoiding a walkout.Industrial action has reportedly been avoided at Antofagasta's Los Pelambres copper mine27 MARCH 201827/03/2018commentsshare In addition to this, a labour dispute at First Quantum Minerals' (CN...Read More