Johannesburg-listed Master Drilling (SJ:MDI) has become the majority owner of Sweden-based raiseboring specialist Bergteamet. Staff reporterMaster Drilling is hoping to boost its European raiseboring work with the acquisition of another 20% of BergteametMaster Drilling13 MARCH 201813/03/2018commentsshare Read More
New Gold (CN:NGD) has signed on Gekko Systems in its bid to get higher copper recoveries out of the New Afton mine in British Columbia, Canada.Staff reporterGekko will install a pre-concentration jig at New Gold's New Afton project05 MARCH 201805/03/2018commentsshare The Canadian miner has guided production of 6-16% less copper at New Afton in 2018, year-on-year (from 41,276 tonnes), saying th...Read More
Volkswagen AG secured 20 billion euros ($25 billion) in battery supplies to underpin an aggressive push into electric cars in the coming years, ramping up pressure on Tesla Inc. as it struggles with production issues for the mainstream Model 3.The world's largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with three currently, Volkswagen said Tues...Read More
First, it was cryptocurrencies (like Bitcoin), then it was marijuana stocks (like Canopy Growth Corp. (TSX:WEED)), and now there's a new hot commodity that's picking up traction: cobalt.To say the metal is selling like hotcakes would be a vast understatement, especially when you consider the off-the-charts demand that the metal stands to experience over the next decade.Investors have been going cr...Read More
Mr. B. Matthew Hornor reportsMAPLE GOLD TARGETS NEW DISCOVERY WITH DIAMOND DRILLING NOW UNDERWAY AT THE NE SYENITE TARGETA drill rig has arrived and is now turning at the northeast syenite target, where Maple Gold Mines Ltd. plans to complete approximately 10 drill holes during the current campaign. The virtually untested northeast syenite target includes the same host rocks as much of the current...Read More
Vladimir Putin stood at a pristine white podium, addressing the collective Russian government - oligarchs and all - as well as millions of Russians watching the State of the Nation address at home.A screen behind him showed a computer-generated simulation of a nuclear attack, with a barrage of missiles pouring down on the Florida peninsula."With the new system, there is no limitation," said Putin....Read More
Mar 14, 2018 Guest(s): Darren Blasutti CEO, Americas Silver Corp. Silver is set to rally, but only in the medium to long-term, said Darren Blasutti, CEO of Americas Silver Corp."I think we're particularly positive on silver, but I think we're out two or three years before we see that real change in silver, but we're very bullish right now on zinc and lead, and copper," Blasutti told Kitco News o...Read More
(Kitco News) - Just under a year ago an ounce of gold cost the same as one bitcoin, said Bloomberg Intelligence's Mike McGlone, adding that prices are about to converge once again as the Federal Reserve proceeds with its monetary policy tightening this year.Fed rate hikes played a big role in gold and bitcoin’s paths this past year, McGlone said in a note on Monday, specifying that December...Read More
Is this the quiet before the storm or the quiet before the quiet? Gold is trading in a narrow and defined trading range. Only eight dollars separates the intraday low and intraday high for today’s trading range. Currently gold futures, basis the most active April contract, is trading -$1.40 lower and fixed at $1,325.70.With next week’s FOMC meeting, traders across the board are looking...Read More
Mr. B. Matthew Hornor reportsMAPLE GOLD TARGETS NEW DISCOVERY WITH DIAMOND DRILLING NOW UNDERWAY AT THE NE SYENITE TARGETA drill rig has arrived and is now turning at the northeast syenite target, where Maple Gold Mines Ltd. plans to complete approximately 10 drill holes during the current campaign. The virtually untested northeast syenite target includes the same host rocks as much of the current...Read More
(Kitco News)- Whilecompanies are racing into the future to create the latest digital currency, onecompany has looked to the past for the ultimate global currency.U.K.-Basedfintech start-up Glint Pay continues to grow in popularity throughout Britainand Europe as the company has breathed new life into the gold market,monetizing the precious metal for the 21 century.Thecompany made international hea...Read More
(Kitco News) - Gold prices wereending the U.S. day session modestly lower Wednesday, pressured slightly by afirmer U.S. dollar index. The yellow metal ignored a batch of U.S. economicdata released earlier today, including a producer price index report that was abit hotter on inflation than expected. April Comex gold futures were last down$2.70 an ounce at $1,324.40. May Comex silver was last down...Read More
(Kitco News)- With the precious metals stuck ina near-term trading range, one commodity analyst continues to watch silver andthe U.S. dollar as the two catalysts to drive prices higher in the short term.In a report published by SeekingAlpha, Andrew Hecht, creator of the Hecht Commodity Report, wrote that the U.S.dollar has been in a downtrend since early 2017 and there are signs that thecurrency i...Read More
Tommy WilkesLONDON (Reuters) - Alphabet Inc’s (GOOGL.O) Google said on Wednesday it was banning advertisements for cryptocurrencies and initial coin offerings, the latest internet company to clamp down on the sector amid growing concerns about scams.Google’s action, which takes effect in June and follows a similar move by Facebook earlier this year, sent the price of the best-known cry...Read More
Anfield Energy Inc has agreed to acquire the Charlie in-situ leach (ISL) uranium project in Wyoming from Cotter Corp, as part of a strategy to create a mine and mill production complex in the state. Meanwhile, Energy Fuels Inc is pursuing opportunities to process new and additional alternate feed sources in order to allow the USA's only operating conventional uranium mill to extend its current ope...Read More
Range-boundgold may draw support from fears about a trade war but at the same time be heldback by expectations for Federal Reserve interest-rate hikes, says TDSecurities. “Rex Tillerson's departure from the White House [as secretary ofstate] provided a bid, but we expect that it will be short-lived as is typicalof similar event-driven rallies,” TDS says. “Meanwhile, increasing ch...Read More
By Paul FarrugiaThere has been an incredible amount of chatter as to how many times the Federal Reserve is going to raise rates in 2018, and the speed at which it will raise them by. For gold investors, the old question lingers, "What will rising interest rates mean for the price of gold?" The simple viewpoint has been that rising rates are bad for gold because gold is not an interest-bearing ass...Read More
Orano USA and Waste Control Specialists (WCS) plan to form a joint venture to license a consolidated interim storage facility (CISF) for used nuclear fuel at the WCS site in Andrews County, Texas. The joint venture will request that the Nuclear Regulatory Commission resume its review of the CISF licence application WCS originally submitted two years ago.How the CISF could look (Image: WCS)In a sta...Read More
Teck Resources and Asian smelters have agreed to cut annual lead concentrate treatment charges (TCs) by 28% in 2018 supply contracts, sources with knowledge of the deals told Metal Bulletin.The deals bring lead concentrate TCs, fees paid to smelters for the costs of processing concentrates into metal, down to $99 per tonne from $138 per tonne last year. Market sources also noted a drop in containe...Read More
WASHINGTON (Reuters) - The U.S. Senate voted 67 to 31 on Wednesday to ease bank rules, bringing Congress a step closer to passing the first rewrite of the Dodd-Frank reform law enacted after the 2007-2009 global financial crisis.The draft legislation now heads to the U.S. House of Representatives where majority Republicans say they want to add more provisions to ease financial regulations.The bill...Read More