Mr. Matt Turner reportsROCKHAVEN SUBSTANTIALLY UPGRADES GOLD AND SILVER MINERAL RESOURCES AT ITS KLAZA PROJECT, YUKON Rockhaven Resources Ltd. has provided updated mineral resource estimates for the high-grade Western BRX, Central BRX, Central Klaza and Western Klaza zones at its 100-per-cent-owned and road-accessible Klaza property, located in the Dawson Range gold belt of southern Yukon.The upda...Read More
(Kitco News) - Barrick Gold Corp. (NYSE, TSX: ABX) said progress has beenmade in tax negotiations involving the government of Tanzania and Acacia Mining and that the company is no longer setting atimetable for an agreement.Barrick owns 63.9%of the shares in Acacia, which is listed on the London Stock Exchange and operatesindependently of Barrick.However, Barrick has been negotiating on behalf of A...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
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell sharply on Monday and traded lower for the ninth time in 10 sessions.Boeing Co. (BA) fell 2.3% after China's premier said his government was prepared to continue talks with France linked to the purchase of Airbus SE (EADSY) aircraft.Harley-Davidson Inc. (HOG) ended down 6% afte...Read More
(Kitco News) - Paulson & Co, led by billionaire hedge-fund manager John Paulson, is urging for underperforming Canadian miner Detour Gold Corp (TSX: DGC.TO) to put itself up for sale, citing lapses in management and low stock price. “We strongly believe you should explore all strategic alternatives, including a sale of the company,” John Paulson and Marcelo Kim, a partner at P...Read More
China National Nuclear Corporation subsidiary CNLA and Orano Projects, a subsidiary of French nuclear company Orano, have agreed on preparatory works for a Chinese plant to process and recycle used nuclear fuel, Orano announced today. Orano is also reported to be planning investments in its French uranium conversion facility.Prime Minister Edouard Philippe arriving in Shenzhen on 22 June (Image: F...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
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
(Kitco News) - Gold prices edged up, but were largely unchanged, after the U.S. new home sales rose more than expected in May. New home sales rose 6.7% last month to a seasonally adjusted annualized rate of 689,000 homes, the U.S. Commerce Department said on Monday. April’s sales were downwardly revised to a rate of 646,000 units from 662,000 units.Market consensus for May projected a 1.5% r...Read More
CHICAGO (Reuters) - From global manufacturers such as Harley-Davidson Inc to small tech startups, companies are scrambling to rework supply chains built for an era of stable, open trade policy that is now under threat.As U.S. President Donald Trump pushes to upend the status quo of global trade, companies that initially took a wait-and-see stance are starting to take action to shield their busines...Read More
NEW YORK (Reuters) - The dollar fell to a fresh two-week low against the Japanese yen on Monday, as worries about escalating trade tensions between the United States and other leading economies hurt risk appetite.The greenback was down 0.44 percent at 109.48 yen, after slipping to a two-week low of 109.38 earlier in the session.The U.S. Treasury Department is drafting curbs that would block firms...Read More
The start of power generation by two AP1000 reactors under construction in China moved a step closer yesterday with first criticality being achieved at Sanmen 1 and the loading of fuel beginning at Haiyang 1. Both units are expected to start up by the end of this year, becoming the first operating AP1000 reactors.Sanmen units 1 and 2 (Image: Westinghouse)Unit 1 of the Sanmen nuclear power plant in...Read More
OTTAWA (Reuters) - Bank of Canada Governor Stephen Poloz is under pressure to justify another rate hike or risk credibility by changing course, with a clear-cut case for higher rates endangered by a raging trade war with the United States.While another interest rate increase seemed a sure thing on May 30 - when the central bank dropped oft-repeated language pledging a cautious approach to setting...Read More
Mr. Matt Turner reportsROCKHAVEN SUBSTANTIALLY UPGRADES GOLD AND SILVER MINERAL RESOURCES AT ITS KLAZA PROJECT, YUKON Rockhaven Resources Ltd. has provided updated mineral resource estimates for the high-grade Western BRX, Central BRX, Central Klaza and Western Klaza zones at its 100-per-cent-owned and road-accessible Klaza property, located in the Dawson Range gold belt of southern Yukon.The upda...Read More
The US Senate has approved a proposal for a USD15 million pilot programme to recycle used naval nuclear fuel for use as fuel in advanced nuclear reactors. The proposal - an amendment to the fiscal 2019 Energy and Water Appropriations Bill - was adopted by the full Senate by 87 votes to 9.Low-enriched uranium (LEU) fuel used in today's nuclear power plants typically contains less than 5% of fissile...Read More
NEW YORK (Reuters) - The U.S. Treasury yield curve flattened to its lowest level in over 10 years on Monday as concerns about trade wars and divisions within the euro zone boosted demand for longer-dated safe-haven debt.Trade fears and tensions in Europe have raised concerns that divisions could slow global growth and potentially impede the Federal Reserve from making further interest rate hikes.F...Read More
Unionized workers at Codelco's Chuquicamata, the world's largest open pit copper mine, have threatened strikes in protest against plans to develop underground mining there and ensuing layoffs.Chuquicamata general manager Mauricio Barazza informed workers last April that 1,700 people, 36% of the mine's workforce, would be asked to leave the company during the mine's transition to an underground pro...Read More
WASHINGTON (Reuters) - President Donald Trump said on Monday that a lot of progress had been made in the Middle East, but he declined to say when the White House would release its plan for peace between Israelis and Palestinians.Trump, during a meeting with King Abdullah of Jordan, said things had improved since he pulled the United States out of the 2015 Iran nuclear deal. European allies opposed...Read More
Nickel on the London Metal Exchange were down by more than 3% at the close of trading on Monday June 25 while other base metals prices also slumped. Nickel traded in an intraday range of $680 per tonne, eventually closing 3.6% by the end of trading below $15,000 per tonne.A sharp rise in the dollar index, which remains high, piled pressure on the base metals last week while added uncertainty about...Read More
(Reuters) - U.S. stocks sank in a broad sell-off on Monday, with the S&P 500 dropping more than 1.5 percent and technology firms bearing the brunt of an escalating trade dispute between the United States and other leading economies.The U.S. Treasury Department was drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. technology firms, a government of...Read More