- Gold gains 0.6% in USD and surges 1.7% in euros and pounds- European stocks fall more than 3% at the open after sharp falls in Asia- DJIA falls 1,175 points, S&P 500 down 4.1% and Nikkei plummets 4.7%- Gold rises from $1,330 to $1,342, ?942 to ?960 and EUR1,067 to EUR1,085 /oz- Bitcoin crashes another 10% and has now plummeted by 70% to below $6,000- Increased risk aversion will drive safe hav...Read More
Gold rose due to safe haven demand on the global stock market plunge. Gold gained despite a strong US dollar. If gold rises today, then there will be short covering. A lot of short term traders are short. One needs to remain on the sidelines in gold and silver. In case of extreme margin money pressure in stock markets, some of the long positions in precious metals and industrial metals could get...Read More
Randgold Chief Executive Mark Bristow says further consultation is needed on the new proposed mining code in the country.Read full newsRead More
FTSE 100 closes 193 pts lowerNew York trading volatile as Dow rally swiftly reversedUS blue chips suffered biggest one-day fall since 2011 on Monday FTSE 100 finished 2.64% lower on Tuesday as the global stock slide, which started in the US, continued.Britain's blue chip benchmark closed down over 193 points at 7,141. FTSE 250 also tanked, to close down 2.17%, or almost 428 points, at 19,262....Read More
Northisle Copper and Gold Inc. (TSX-V:NCX) ("Northisle" or the "Company") is pleased to announce the appointment of Martino De Ciccio to the Board of Directors.Read full newsRead More
ANGKOR GOLD CORP.(TSXV:ANK / OTC:ANKOF) ("Angkor" or "the Company") Board of Directors announces new appointments within management.Read full newsRead More
Enforcer Gold Corp. (TSXV:VEIN) is pleased to report on a new zone of mineralization named the OR79 zone located approximately 1.5 km west-southwest of the Galena-No.2 vein area at the Company's Montalembert gold projectRead full newsRead More
Harry Adams, executive chairman at KEFI Minerals plc (LON:KEFI), updates Proactive's Andrew Scott on the latest at their Tulu Kapi project in Ethiopia.A consortium compromising mining contractor Ausdrill, engineer Lycopodium, and the Ethiopian government is responsible for the infrastructure and building work.Building work is scheduled to start in the second quarter of 2018 once community resettle...Read More
Neville Upton, chief executive of Gfinity Plc (LON:GFIN), tells Proactive's Andrew Scott their Australian joint venture, Gfinity Australia, has entered into a long-term deal with the cinema chain Hoyts to roll out their successful 'Elite Series' events.The move will see Gfinity's gaming equipment and production facilities installed inside cinemas - the first being the Hoyts Entertainment Quarter i...Read More
Highland Gold Mining Ltd (LON:HGM) was a good gainer in late afternoon trading, up 1.4% at 148.1p after the AIM listed firm provided an updated mineral resource estimate for its flagship Kekura project which showed increased total gold reserves though at slightly lower grades.The new resource update gives total gold reserves of 2.0mln ounces of gold at a grade of 7.0 grammes of gold per tonne of o...Read More
Cyril Ramaphosa isn't even president yet and mining companies are already changing their tune on South Africa.A former mine union leader and now one of the wealthiest black South Africans, the new leader of the ruling African National Congress is seen as more willing to negotiate investor-friendly policy, according to executives attending the African Mining Indaba conference in Cape Town this week...Read More
Andrew Newland, chief executive of ANGLE PLC (LON:AGL), discusses with Proactive their significant new collaboration with healthcare giant Abbott Laboratories.The two will be working on a metastatic breast cancer study.Abbott will provide its proprietary PathVysion HER-2 DNA FISH Probe kits for ANGLE's ANG-002 US Food & Drug Administration (FDA) study for FISH (fluorescence in situ hybridizati...Read More
The World Gold Council's Alistair Hewitt talks through their Q4 and full year 2017 report.He says gold demand rallied in the closing months of 2017, gaining 6% year-on-year in Q4 to reach 1,095.8 tonnes.However he adds that overall demand for the full year fell by 7% to 4,071.7 tonnes, compared with 2016.Hewitt says inflows into ETFs continued steadily throughout the year, totalling 202.8t, but la...Read More
London Capital Group's head of research Jasper Lawler gives his take on the sell-off in the equity markets.The dumping of stock comes less than two weeks after the US stock market hit a record high.Lawler says the speed and nature of the massive decline in the Dow Jones raises some serious market structure questions. Meet Anglo Asian Mining Plc, Condor Gold PLC, Connemara Mining and Papua Mi...Read More
South32's South African coal assets will be spun off within six months, its president and chief operating officer Mike Fraser said.Fraser said that South32, which was spun out from BHP Billiton in 2015, had received a number of offers for the assets which it up for sale in November last year as part of a shift away from coal."After we made the announcement there was significant interest already fr...Read More
Mr. Quinton Hennigh reportsNOVO SECURES TEST PLANT FOR PROCESSING BULK SAMPLES Novo Resources Corp. has entered into a commercial arrangement with SGS Minerals of Perth, Western Australia, to secure access to a test plant for the processing of five-tonne bulk samples from its Karratha gold project. SGS is a leading service provider to the global mining and minerals industry. The company's previous...Read More
Mr. Nav Dhaliwal reportsBONTERRA EXTENDS MULTIPLE ZONES AT GLADIATOR GOLD DEPOSITThe continuing resource development program at Bonterra Resources Inc.'s Gladiator gold deposit has extended the north, footwall and main zones by 200 metres down plunge to the east. High-grade intersections identified in stepout drilling east of the known mineralization demonstrates the potential for further expansio...Read More
955 workers were trapped in a mine shaft by a power cut on WednesdayRead full newsRead More
Swedish equipment and tool manufacturer Sandvik Mining (STO:SAND) is investing 200 million Swedish crowns (about $25 million) in a new titanium and nickel metal powder plant to strengthen its position in the metal 3D printing market.3D printing, also known as additive manufacturing, is a process of making three-dimensional solid objects from a digital file. The technique, already popular in aeros...Read More
The Queen of Sheba was rightRead full newsRead More