Sumitomo's move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.Read full newsRead More
South Korean steelmaker POSCO on Saturday selected Choi Jeong-woo, the head of affiliate Posco ChemTech, as its final candidate to lead the company.Choi still needed to win approval at an extraordinary shareholders' meeting on July 27, the company said.In April, the company said Kwon Oh-jun was stepping down from the chief executive position.POSCO was privatised in 2000, but chief executives have...Read More
Shares in Teck Resources Ltd. (TSX:TECK.B)(NYSE:TECK) have been absolutely taking off, more than doubling over the past year, not to mention rising more than ten-fold from their lows reached in January of 2016.While it's certainly been a wild (and profitable!) ride for shareholders thus far, there's good reason to believe the rally may not be over yet.Here are three reasons why shares in Teck Reso...Read More
Mr. Quinton Hennigh reportsNOVO REPORTS PILBARA EXPLORATION BUDGET FOR UPCOMING 12 MONTHSNovo Resources Corp. has agreed to a $5.4-million (Australian) exploration budget for the year beginning July 1, 2018, with its 50/50 joint venture partner, Australian Securities Exchange-listed Artemis Resources Ltd., on joint venture tenure in the Karratha region of Western Australia.During the first four mo...Read More
It has been a rollercoaster ride for investors in gold mining junior Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) over the last year. After attracting considerable attention because of the quality of its Brucejack mining project located in Northwestern British Columbia, its share price has gyrated wildly as the operational performance of the mine failed to meet expectations. Its shares plunged shar...Read More
Gold futures closed down $3.10 today, with the August Comex contract currently fixed at $1,267.60. This three-dollar decline completed a pattern that we identified last week called a "death cross". A "death cross" is created when the shorter-term moving average crosses below the longer-term moving average. This pattern is created from a 200 and a 50-day moving average. As such, these time paramete...Read More
The votes are in, and pot is here to stay...Canada has become the biggest country in the world to fully legalize recreational marijuana.The Senate passed Bill C-45 - otherwise known as the Cannabis Act - on Tuesday with a vote of 52-29. This paves the way for a billion-dollar industry to finally begin flourishing. Once the law goes into effect in the next 8 to 12 weeks, Canadians will be allowed t...Read More
Mr.Derek White reportsASCOT INTERCEPTS HIGH-GRADE ZONES AT BIG MISSOURIAscot Resources Ltd.'s drilling at a second target area, the Big Missouri ridge, located approximately five kilometres north of the Premier/Northern Lights area, has intercepted high-grade zones. The most notable intercepts are 7.3 metres of 15.34 grams per tonne gold equivalent (AuEq) in hole P18-1652 and seven m of 10.34 g/t...Read More
(Kitco News) - As gold prices continue to fall despite escalating trade war rhetoric, some well-known bears are turning bullish on gold, as they see an opportunity to enter the gold market at a lower level.“The setup has strengthened, and I'm buying what I like to call ‘the most expensive doorstop’ in the world for the first time since the 2016 U.S. presidential election,”...Read More
A uranium bull market has been on the horizon for years.I've written countless articles and given many talks and interviews saying as much.That horizon may not be that far off in the distance as the bottoming process of a typically cyclical commodity has now mostly played out.Uranium prices have bounced along all-time lows near or below $20 per pound for the past two years. No uranium company make...Read More
(Kitco News) - Gold and silver prices weremodestly lower in early-afternoon U.S. trading Monday. Gold was poised to closeat a six-month low close today, and silver is at the bottom of its recenttrading range. A general sell-off in the raw commodity sector today weighed onthe precious metals markets. Gold and silver continue to act more like rawcommodities than like safe-haven assets. Augustgold fu...Read More
Mr. Peeyush Varshney reportsZINCX RESOURCES MOBILIZES EXPLORATION CREW TO THE AKIE PROPERTY TO COMMENCE THE 2018 EXPLORATION PROGRAMField crews have mobilized to Zincx Resources Corp.'s Akie property to commence the 2018 diamond drilling program on its 100-per-cent-owned Akie project. The company earlier reported a plan to conduct a 2,500-metre diamond drill program that will focus on targets alon...Read More
(Kitco News) - Alibaba's billionaire co-founder and chairman Jack Ma said that he has embraced blockchain technology and all the progress it has to offer, but warned against getting involved with bitcoin, which is “likely” in a bubble.“Blockchain technology could change our world more than people imagine,” Ma said on Monday. “Bitcoin however could be a bubble.”M...Read More
Jun 25, 2018 Guest(s): David Erfle Kitco News Contributor David Erfle, founder of www.juniorminerjunky.com, likes Klondike Gold (CVE: KG), ATAC Resources (CVE: ATC), and Alexco Resources (NYSE: AXU). Speaking from the Yukon Mining Investment Conference in Dawson City, Erfle tells Kitco News that companies operating in Yukon are "ready, willing, and able" to continue growing. Erfle noted that suc...Read More
(Kitco News)- The most recent data fromthe Commodity Futures Trading Commission confirms what many analysts werepredicting - money managers sharply reduced their bullish positioning in goldduring the latest reporting week.The CFTC late Fridayreleased positioning data for the week through Tuesday, June 19. Since pricesfell sharply a few days after that cut-off date, expectations were that thelates...Read More
Mr. Josh Crumb reportsGOLDMONEY ANNOUNCES DEALING AND INSTITUTIONAL CRYPTO CUSTODY PARTNERSHIP WITH MALBEX Goldmoney Inc. and Malbex Resources Inc. (soon to be renamed COIN Hodl Inc.) have formed a dealing and third party custodian partnership. Through the new partnership, Goldmoney will facilitate all purchases and sales of cryptocurrencies. Goldmoney's subsidiary, BlockVault Inc., will act as a...Read More
Mr. Quinton Hennigh reportsNOVO REPORTS PILBARA EXPLORATION BUDGET FOR UPCOMING 12 MONTHSNovo Resources Corp. has agreed to a $5.4-million (Australian) exploration budget for the year beginning July 1, 2018, with its 50/50 joint venture partner, Australian Securities Exchange-listed Artemis Resources Ltd., on joint venture tenure in the Karratha region of Western Australia.During the first four mo...Read More
(Kitco News)- Gold has seen a modest bounce off Friday's lower levels on aweaker dollar overnight. The fundamental dynamics suggest gold will remainunder pressure until there is a discernible reversal in dollar sentiment. Weare seeing some support lining up at the $1,265 level, with upward momentumcapped at the $1,278 area. Retail buying has begun to emerge, which suggestsinvestors remain engaged,...Read More
Mr.Derek White reportsASCOT INTERCEPTS HIGH-GRADE ZONES AT BIG MISSOURIAscot Resources Ltd.'s drilling at a second target area, the Big Missouri ridge, located approximately five kilometres north of the Premier/Northern Lights area, has intercepted high-grade zones. The most notable intercepts are 7.3 metres of 15.34 grams per tonne gold equivalent (AuEq) in hole P18-1652 and seven m of 10.34 g/t...Read More
President Donald Trump plans to bar many Chinese companies from investing in U.S. technology companies and block additional technology exports to China, the WSJ reports. Huileng Tan| @huileng_tan Published8:57PM ET Sun, 24 June 2018Updated12 Hours AgoCNBC.com show chapters Axios CEO: Trump thinks he'll get a deal with China 12 Hours Ago |04:30 President Donald Trump plans...Read More