Mr. Josh Crumb reportsGOLDMONEY INC. ANNOUNCES NORMAL COURSE ISSUER BIDThe Toronto Stock Exchange has accepted Goldmoney Inc.'s notice of intention to make a normal course issuer bid to purchase for cancellation three million common shares of Goldmoney, representing 3.9 per cent of the issued and outstanding common shares as at March 2, 2018.As of March 2, 2018, Goldmoney had 76,779,427 common sha...Read More
Mar 05, 2018 Guest(s): Adrian Day Gold stocks are inherently volatile, and we are currently at a phase of undervaluations that presents a significant buying opportunity, said Adrian Day of Adrian Day Asset Management."If you're losing interest in gold, you don't want to get out at the low point, you want to at least wait until we have a high point and get out," ay told Kitco News on the sidelin...Read More
(Kitco News)- Advances in mineral exploration appear to be moving at abreakneck pace and mining industry leaders think 3D drilling and mapping technologyhas the potential to disrupt the mining sector.Acoustic Zoom, with its innovative ultra-high-frequency 3Ddrill hole seismic imaging technology, impressed a panel of judges atGoldcorp’s #Disruptmining event during the 2018 Prospectors & D...Read More
Mr. Eric Edwards reportsTRIMETALS MINING INC. CLOSES FINAL TRANCHE OF ITS NON-BROKERED PRIVATE PLACEMENT, RAISING AN AGGREGATE OF $1,654,250 Trimetals Mining Inc. closed on March 2, 2018, the second and final tranche of its non-brokered private placement, raising gross proceeds of $442,500 from the sale of 2.95 million units priced at 15 cents per unit.In aggregate, the company sold 11,028,333 uni...Read More
Mr. Christian Milau reportsEQUINOX GOLD AWARDS AURIZONA MINING CONTRACT TO U&M MINERACAO E CONSTRUCAO S/AA AND PROVIDES CONSTRUCTION UPDATE Equinox Gold Corp. has awarded the mining contract for its Aurizona gold mine in Brazil to U&M Mineracao e Construcao S/A. U&M is a Brazilian company with more than 40 years of mining contract experience offering earthworks, implementation, and ope...Read More
The stock market is stumbling toward a sizable weekly loss, whacked in large part by trade-war fears. President Trump has "shocked the markets with a regressive, counter-productive and possibly destructive tariff plan for aluminum and steel," complains Josh "The Reformed Broker" Brown. Check out: These stocks took the biggest hits on fears of a Trump trade war Canada, the European Union and Chi...Read More
Mr. Michael Williams reportsVENDETTA REPORTS METALLURGICAL TEST WORK AND DEMONSTRATES HIGH LEAD AND ZINC RECOVERIES AND CONCENTRATE GRADES FROM THE PEGMONT LEAD-ZINC PROJECTVendetta Mining Corp. has completed the locked cycle flotation metallurgical testwork at the Pegmont lead-zinc project in Queensland, Australia. These results are from drilling in zones 2, 3 and the connecting Z fold.Highlights...Read More
Mr. Josh Crumb reportsGOLDMONEY INC. ANNOUNCES NORMAL COURSE ISSUER BIDThe Toronto Stock Exchange has accepted Goldmoney Inc.'s notice of intention to make a normal course issuer bid to purchase for cancellation three million common shares of Goldmoney, representing 3.9 per cent of the issued and outstanding common shares as at March 2, 2018.As of March 2, 2018, Goldmoney had 76,779,427 common sha...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
A memorandum of understanding signed by Holtec International and Energoatom envisages the adoption by Ukraine of Holtec's small modular reactor (SMR) technology with the country becoming a manufacturing hub for SMR-160 reactor components. Separately, the US Nuclear Regulatory Commission (NRC) has begun a technical review of an application by Holtec for a consolidated spent fuel interim storage fac...Read More
Lead and zinc prices on the London Metal Exchange both closed lower on Monday March 5, reflecting recent stock increases. Zinc hit a two-month low of $3,273.50 per tonne today after a massive 78,950-tonne delivery into LME-listed warehouses in New Orleans. The metal was still $59 per tonne lower at $3,296 at the 5pm London close.The metal's cash/three-month spread briefly swung back into contango...Read More
(Kitco News)- The mining and commodity sector is seeing investor sentimentpick up, but the focus is more on growing momentum in base metals with littleinterest in precious metals, according to the latest comments during the 2018Prospectors & Developers Association of Canada (PDAC) convention.While presentations were standing room only duringpresentations on commodities like zinc, copper and co...Read More
Russia, Bangladesh and India yesterday signed a memorandum on cooperation in the implementation of the Rooppur nuclear power plant project. Construction of Bangladesh's first nuclear power reactor, Rooppur 1, officially began in late November 2017.The signing of the memorandum (Image: Rosatom)The memorandum is between Russian state nuclear corporation Rosatom, the Ministry of Science and Technolog...Read More
The largest zinc delivery in nearly five years has swung zinc's London Metal Exchange cash/three-month spread into contango for the first time in 2018. Some 78,950 tonnes were delivered into LME-approved warehouses in New Orleans on Monday March 5 - the largest inflow since July 2013, increasing on-warrant stock levels by 94%. And it is not just the LME which has seen stocks rising; Shanghai Futur...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
Bob Moriarty ArchivesMar 05, 2018Napoleon said that he would rather have his generals be lucky rather than skillful under the theory that you can always beat skill but you can never beat luck. It sounds like a great theory to me.Prosper Gold (PGX-V) is headed by Peter Bernier who founded Richfield Ventures, drilled 14 holes, found gold in 13 and sold out in two years for $500 million after spendin...Read More
Hydro chief financial officer Eivind Kallevik has been appointed interim head of bauxite and alumina amid the company's disrupted operations and a force majeure at its Alunorte alumina refinery in Par??, Brazil. Kallevik held the position as head of finance for bauxite and alumina in Brazil for two years before becoming CFO in 2013. He also led the bauxite and alumina division for an interim perio...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.Equiti...Read More
The Chinese ferro-silicon market dropped on Friday March 2, with one major tender signaling a slower return in demand from Chinese consumers after the recent national week-long holiday. Chinese steel tenders signal shift in demand Other consumer markets also dropped European market moves sideways, eyes March business US steady on reduced imports Chinese domestic ferro-silicon pr...Read More
INTLFCStone looks for a stronger U.S. dollar and higher bond yields to weigh ongold during March. Barring a trade war, analysts doubt traders will want toestablish bearish positions in the greenback ahead of a Federal Open MarketCommittee meeting around the middle of the month. Further, U.S. bond yieldsremain high, while other central banks appear reluctant to tighten monetarypolicy, INTL FCStone...Read More