(Bloomberg) - Miners across Africa are increasingly using one-time payments to settle disputes with governments, a trend that's disturbing some investors.A $150 million payment by Glencore Plc's Katanga Mining Ltd. to the Democratic Republic of Congo's Gecamines earlier this month followed Freeport McMoRan Inc.'s separate $100 million settlement with the state-owned company in January 2017. Last O...Read More

Liberty Gold's Goldstrike ProjectLiberty Gold Corp. (LGD:TSX) started off the new year with a bang and has continued to focus on its three gold exploration projects: Goldstrike, Black Pine and Kinsley, all located in the sweet spot known as the U.S. Great Basin. The company announced additional drilling results from the western and dip slopes zone of the Goldstrike project in western Utah, which w...Read More

Shares in Canadian gold junior Lumina Gold (TSX-V:LUM) (OTC:LUMAF) jumped Thursday after the company announced it had received positive results of the Preliminary Economic Assessment (PEA) for its Cangrejos gold-copper project in southern Ecuador.Based on the PEA, the asset has gained a place in the list of top 15 undeveloped gold projects in the world based on its average annual production pote...Read More

US miner NioCorp Developments (OTCMKTS:NIOBF)(TSX:NB) revealed Thursday is about to receive a $1 million-shot in the arm from an entity managed by The Lind Partners, a New York-based asset management firm.The Colorado-based company, which expects to receive the funding on or around July 9, is in the midst of developing its huge Elk Creek superalloy project in southeast Nebraska, which some polit...Read More

MONTREAL, June 28, 2018 (GLOBE NEWSWIRE) - SEMAFO Inc. (TSX:SMF) (OMX:SMF) is pleased to report that it has completed its first gold pour at the Boungou Mine in Burkina Faso, slightly ahead of the original schedule. The first pour yielded approximately 325 ounces of gold.Dry and wet commissioning of the Boungou processing plant are now complete, as is its construction. The vertimill and SAG mill a...Read More

A US law firm has filed a class action lawsuit against South Africa's Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) on behalf of shareholders over losses suffered after a series of deaths at its mines, which has caused a sharp drop of the stock price.Suit comes after a fatality at the Khomanani mine earlier this week brought the death toll on company's premises to 21 so far this year.Bernstein Liebhar...Read More

Mining explorations have always been massive gambles, even on the Comstock Lode, the legendary vein of gold and silver ore running beneath the mountainside town of Virginia City, Nevada,the most important town in the young state. In 1872, John Mackay and his three partners invested everything they'd "raised" from their previous mining ventures in the Consolidated Virginia mine. In the early days...Read More

Mr. Mike Mutchler reportsAMARILLO GOLD ANNOUNCES THE SALE OF AN NSR ROYALTY TO ROYAL GOLD FOR USD $10.8 MILLIONAmarillo Gold Corp. has entered into an agreement for sale of a perpetual 1.75-per-cent net smelter return royalty on the Mara Rosa gold project to RG Royalties LLC, a wholly owned subsidiary of Royal Gold Inc., for $10.8-million (U.S.). The proceeds of the sale are expected to be used...Read More

There is some big news in the headlines today for medical marijuana.The first marijuana-derived pharmaceutical has been approved in the U.S. by the FDA.And while this is a big deal as a milestone, I'm greeting it with a shrug for two reasons.Part of the reason is, if you've read past articles from the Outsider Club, you'd have seen this coming for quite some time.Just to scratch the surface, I've...Read More

Today's modest price increase has had little effect on the weekly tally. As of 3:30 PM Eastern standard time, gold futures (August 2018 Comex contract) are trading $1.80 higher on the day, and currently fixed at $1252.80. Considering gold opened on Monday at approximately $1,272 per ounce, this week's activity resulted in a decline of $20. Today's modest advance is not based in any part on buyers...Read More

(Kitco News) - Analysts are struggling to pinpoint gold’s future direction after prices hit a 12-month low earlier this week, yet many agree that the yellow metal is oversold and is due for a rebound.Gold prices continue to trade under heavy pressure on Friday, closing down what was a very tough week, where gold saw all of its year-to-date gains erased while ignoring escalating trade tension...Read More

Brad Thrall, president of Alexco Resource shows the entrance to the silver company's Flame & Moth underground project. The company expects production to start by the start of 2019(Kitco News)- The silver market is struggling to gain traction as prices are atthe bottom of their range near a six-month low, but there is growing optimismin Canada’s largest historic silver district. In an intervi...Read More

ROBYN BECK/AFP/Getty ImagesWorkers build bed frames at the Hollywood Bed Frame Company factory in Commerce, Calif. The numbers: The MNI Chicago business barometer surged 5.1 points to a reading of 62.7, the highest level since January. Any reading over 50 indicates improving conditions. What happened: The indicator, also known as Chicago PMI, was driven by an acceleration in both output levels a...Read More

Getty ImagesConsumer spending rose 0.2% in May. The numbers: Inflation moved higher in May while consumer spending continued to show strength, the government said Friday. The PCE index, the Federal Reserve's preferred inflation gauge, rose 0.2%, as did the core rate that strips out food and energy. The rate of inflation over the past 12 months rose to 2.3%, the fastest pace since March 2012. The...Read More

(Kitco News)- While the gold market has beenpretty uneventful since the start of summer, you wouldn’t know it in Canada’sYukon Territory.Our editor Neils Christensen just returned from a week packed with mine toursand interviews from Canada’s great white North. Highlights include hisinterview with Ranj Pillai, the Minister of Energy& Mines for the Yukon government, who told K...Read More

Federal Reserve Chairman Jerome Powell will deliver his semiannual monetary policy report to the Senate Banking Committee on July 17, the committee said Thursday. The House Financial Services Committee hasn't announced when Powell will testify on the other side of Capitol Hill; traditionally that would happen the following day, July 18. A spokeswoman for the committee didn't respond to inquiries T...Read More

Jun 29, 2018 Guest(s): Tara Christie President & CEO, Banyan Gold Corp Even after 100 years of gold production, the Yukon Territory is still largely untapped by miners, this according to Tara Christie, president & CEO of Banyan Gold Corp. "The Yukon is very underexplored. It's been not on the radar for many gold companies and exploration companies and it's only been in recent years that we'v...Read More

Mr. Mike Mutchler reportsAMARILLO GOLD ANNOUNCES THE SALE OF AN NSR ROYALTY TO ROYAL GOLD FOR USD $10.8 MILLIONAmarillo Gold Corp. has entered into an agreement for sale of a perpetual 1.75-per-cent net smelter return royalty on the Mara Rosa gold project to RG Royalties LLC, a wholly owned subsidiary of Royal Gold Inc., for $10.8-million (U.S.). The proceeds of the sale are expected to be used...Read More

(Kitco News)- Sentimentin the precious metals market is clearly bearish in the near-term as WallStreet and Main Street both look for gold to slide further in the next week,based on the Kitco News weekly survey.Infact, this is the first week that Wall Street and Main Street both have beenbearish at the same time since March 9.Fifteenmarket professionals took part in the survey. There were eight vot...Read More

(Kitco News)- TD Securities says gold may suffer more in the near term,but the Canadian bank looks for the precious metal to eventually recover as theU.S. dollar loses momentum and investors look for a hedge amid geopolitical andtrade issues.In fact, the late-Thursday report from TDS strategists BartMelek, Ryan McKay and Daniel Ghali forecast that gold will average $1,375 anounce in the final thre...Read More