Mr. Cooper Quinn reportsDRILL ASSAY RESULTS FROM MITCHELL LAKE ZONE RETURN 9.26 G/T GOLD OVER 0.5 METRES AND A BROADER DISSEMINATED INTERCEPT OF 30.50 METRES GRADING 0.70 G/T GOLDOsprey Gold Development Ltd. has released assay results from three holes drilled on the western portion of the Goldenville property in the Mitchell Lake zone. The company's Goldenville property is located in Guysborough c...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS 30.5 METRES OF 2.05 G/T INCLUDING 12.2 METRES OF 4.45 G/T GOLD EXPANDING MOTHER LODE DEPOSIT TO THE EASTCorvus Gold Inc. has received additional results from two of four holes evaluating the eastern extension of the Mother Lode deposit.Results indicate mineralization continues to expand the system to the east (see attached table).The Eastern extension...Read More
Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the Gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US Dollar has rebounded and the oversold and overhated bond market could be starting a rally. The recent rise in long-term bond yields which has benefitted Gold appears due for a pau...Read More
An anonymous director reports ASCOT ANNOUNCES PRIVATE PLACEMENT FINANCINGAscot Resources Ltd. has entered into an agreement with Sprott Capital Partners and Primary Capital Inc., in connection with a marketed private placement to raise gross proceeds of $5,000,440.The offering will consist of 3,356,000 common shares of the company that will qualify as flow-through shares at a price of $1.49 per fl...Read More
Mar 01, 2018 Guest(s): Keith Neumeyer CEO, First Majestic Keith Neumeyer, CEO of First Majestic Silver, is sticking to his call that silver eventually will reach double digit prices. "Silver is extremely important, people look at it as the poor man's gold, which is the absolutely the wrong way to look at silver," Neumeyer said on the sidelines of the BMO Global Metals & Mining Conference. "S...Read More
As gold slides to a two-month low on U.S. rate expectations, can the metal manage to turn it around? Following comments from Federal Reserve Chair Jerome Powell this week that further rate hikes are to be expected, spot gold was down 0.8 percent at $1,307.54 an ounce - marking a two-month low for the metal. This would be the second straight week of losses for gold. So what happened to expectation...Read More
Mr. Cooper Quinn reportsDRILL ASSAY RESULTS FROM MITCHELL LAKE ZONE RETURN 9.26 G/T GOLD OVER 0.5 METRES AND A BROADER DISSEMINATED INTERCEPT OF 30.50 METRES GRADING 0.70 G/T GOLDOsprey Gold Development Ltd. has released assay results from three holes drilled on the western portion of the Goldenville property in the Mitchell Lake zone. The company's Goldenville property is located in Guysborough c...Read More
U.S. to slap 25% duty on steel, 10% on aluminum, he saysPresident met with metals industry execs on ThursdayPresident Donald Trump announces new tariffs on imported steel and aluminum.President Donald Trump said the U.S. will slap tariffs on steel and aluminum imports to protect national security, a major escalation of his hawkish trade agenda that could hit producers from Europe to Asia and spur...Read More
Mar 01, 2018 Guest(s): Phil Baker CEO, Hecla Mining A lack of silver exploration in the last 30 years has caused silver production to reach a peak, said Phil Baker, CEO of Hecla Mining. "I would characterize it as having reached a peak level of silver production," Baker told Kitco News on the sidelines of the BMO Global Metals & Mining Conference. "There hasn't been an exploration, certainly...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS 30.5 METRES OF 2.05 G/T INCLUDING 12.2 METRES OF 4.45 G/T GOLD EXPANDING MOTHER LODE DEPOSIT TO THE EASTCorvus Gold Inc. has received additional results from two of four holes evaluating the eastern extension of the Mother Lode deposit.Results indicate mineralization continues to expand the system to the east (see attached table).The Eastern extension...Read More
Gold futures started off the day trading under enormous pressure overseas, which continued during the morning trading session in New York. These depressed prices were in tandem with falling stock prices here in the United States.In trading today, gold futures (April 2018 Comex contract) sank to $1,303.60 before staging an impressive recovery. As of 3:40 PM Eastern standard time, gold is currently...Read More
Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the Gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US Dollar has rebounded and the oversold and overhated bond market could be starting a rally. The recent rise in long-term bond yields which has benefitted Gold appears due for a pau...Read More
An anonymous director reports ASCOT ANNOUNCES PRIVATE PLACEMENT FINANCINGAscot Resources Ltd. has entered into an agreement with Sprott Capital Partners and Primary Capital Inc., in connection with a marketed private placement to raise gross proceeds of $5,000,440.The offering will consist of 3,356,000 common shares of the company that will qualify as flow-through shares at a price of $1.49 per fl...Read More
Georgia Power has hired 14 operators for Vogtle 3 and 4 from the abandoned VC Summer nuclear project. In its latest report to the Georgia Public Service Commission (PSC), the company said this will save nearly two years of training time and costs.Vogtle unit 3, pictured in January 2018 (Image: Georgia Power)Georgia Power is required to file reports with the PSC every six month to provide an update...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Spending matches forecasts; Fed's preferred price gauge risesData reflect estimate of $30 billion rise in one-time bonusesTreasury's Sayegh Says Tax Cuts Are 'Hardly Crumbs'Americans’ wallets fattened in January on recent tax cuts, indicating increased spending power may boost the economy this quarter.Real disposable income, or earnings adjusted for taxes and inflation, advanced 0.6 percent...Read More
An agreement signed today in Vienna will enable students from Kenya, Tanzania, Tunisia and South Africa to access a research reactor in Morocco for the purpose of nuclear education and training. Researchers from other African countries are expected to join the project in the future.Research reactors are vital for the study of modern nuclear analytical techniques, but there are only nine of them op...Read More
(Kitco News)- Trading activity among members of the London Bullion Market Association was down last month in both silver and gold.The LBMA releases clearing statistics each month showing the net volume of gold and silver transferred between accounts of members, essentially providing a snapshot of the amount of trading activity.The average volume of gold ounces transferred daily in January dropped...Read More
Costly mistakes have caused "untold reputational damage" to the UK's Nuclear Decommissioning Authority (NDA), according to a parliamentary report published yesterday. The Public Accounts Committee (PAC) report also says that central government "must share the blame" for failures over a GBP6.1 billion (USD8.4 billion) Magnox contract that was terminated nine years early.Cavendish Fluor Partnership...Read More
An experienced nuclear country like the UK should aim to have nuclear accounting for around 50% of its energy mix, according to World Nuclear Association Director General Agneta Rising. She was speaking at the Civil Nuclear Showcase conference in London on 27 February.Nuclear energy currently accounts for about 20% of the UK's electricity production. According to the Final Report of the Industrial...Read More