Mr. Peter Tallman reportsKLONDIKE GOLD ANNOUNCES $2,500,000 EXPLORATION PROGRAM FOR 2018 Klondike Gold Corp.'s board has approved a $2.5-million exploration program for 2018 within the company's Klondike district property in Yukon.Summary: $2.5-million exploration budget for 2018, which includes: 5,000 to 7,000 metres of drilling; 3,000 to 5,000 new soil samples; 300to 500 line kilometres of groun...Read More
COEUR D'ALENE, Idaho and VANCOUVER, British Columbia, March 19, 2018 -- Hecla Mining Company (NYSE:HL) (Hecla) and Klondex Mines Ltd. (NYSE American:KLDX) (TSX:KDX) (Klondex) today announced Hecla will acquire all the outstanding shares of Klondex, a high-grade Nevada underground gold producer with its Fire Creek, Midas and Hollister mines, through a plan of arrangement (the Transaction). Klondex'...Read More
Mr. Phillips Baker Jr. of Hecla reportsHECLA TO ACQUIRE THREE HIGH-GRADE NEVADA GOLD MINES WITH THE ACQUISITION OF KLONDEX MINES LTD.Hecla Mining Company will acquire all the outstanding shares of Klondex Mines Ltd. through a plan of arrangement. Klondex's Canadian assets will be spun out to its existing shareholders. Under the Transaction, Hecla will acquire Klondex for consideration of $462-mill...Read More
(Kitco News) - Gold prices weremoderately higher in early-afternoon trading Monday, boosted by a drop in theU.S. dollar index and the U.S. stock market. Gold had seen modest losses inovernight trading, based on some technical selling. April Comex gold futureswere last up $6.00 an ounce at $1,318.30.May Comex silver was last up $0.043at $16.315 an ounce.Worldstock markets were mostly lower Monday....Read More
Mr. Mike Mutchler reportsAMARILLO ANNOUNCES NON-BROKERED PRIVATE PLACEMENTAmarillo Gold Corp. is proposing to complete a non-brokered private placement ofunits at a subscription price of 28 cents per unit for aggregate gross proceeds to the company of approximately $3-million. Each unit comprises one common share and one-half of one common share purchase warrant. Each whole warrant entitles the ho...Read More
(Kitco News)- The latest trade data from theCommodity Futures Trading Commission revealed that hedge funds continued toreduce their exposure to gold because of an increased the risk of aggressiveaction from the Federal Reserve, according to some analysts.The Commodity Futures TradingCommission’s disaggregated Commitments of Traders report for the week endingMarch 13 showed money managers dro...Read More
TORONTO, ONTARIO--(Marketwired - March 16, 2018) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN)(NYSE American:DNN) today announces that it filed a technical report under Canadian Securities Administrators' National Instrument 43-101 Standard of Disclosure for Mineral Projects for its 63.3% owned Wheeler River Project in Saskatchewan titled "Technical Report with an Upda...Read More
An International Atomic Energy Agency (IAEA) mission has identified areas for improvement in the operation and maintenance of Uzbekistan's only operating research reactor. The team also addressed specific operational challenges faced by the WWR-SM.The WWR-SM research reactor (Image: Institute of Nuclear Physics)To help Member States optimize the availability, reliability and the application of hum...Read More
Mr. Mike Mutchler reportsAMARILLO ANNOUNCES NON-BROKERED PRIVATE PLACEMENTAmarillo Gold Corp. is proposing to complete a non-brokered private placement ofunits at a subscription price of 28 cents per unit for aggregate gross proceeds to the company of approximately $3-million. Each unit comprises one common share and one-half of one common share purchase warrant. Each whole warrant entitles the ho...Read More
London Metal Exchange warehouse stocks have staged a recovery over the first few months of this year from the multi-year lows of 2017, due to a flurry of large deliveries across many of the base metals. After last year was marked by dwindling stock levels across the board, the first few months of 2018 have seen a reversal - with companies putting more metal back into LME-approved warehouses. "The...Read More
(Kitco News) - Hecla Mining Co. (NYSE: HL) hasagreed to buy all outstanding shares of KlondexMines Ltd. (NYSE American: KLDX; TSX: KDX), allowing Hecla to bump up production with the addition of theFire Creek, Midas and Hollister mines in Nevada, the companies reported Monday.Klondex'sCanadian assets will be spun out to existing shareholders. The value of Hecla’sacquisition of Klondex was p...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Monday blocked the use of Venezuelan cryptocurrencies through an executive order prohibiting such transactions by those in the United States, the White House said in a statement.The order bars “all transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close on Monday March 19, while most prices lacked clear direction before Wednesday's Federal Open Market Committee (FOMC) meeting. Nickel prices declined $145 per tonne - the metal has come under sustained pressure since it hit $14,000 per tonne last week and cannot find new support."The combination of a strong dollar index...Read More
Comex copper prices slipped further Monday March 19 morning with the market in consolidation mode due to investors heading to the sidelines ahead of the Federal Reserve meeting.Copper for May settlement on the Comex division of the New York Mercantile Exchange dipped 1.95 cents or 0.6% to $3.0890 per lb."While the consolidation in copper prices may run a little further on the back of an overall we...Read More
Here Are Hot Things to Know About Stocks Right Now At one point in the session, the VIX Index was up more than 20% reports TheStreet's Anders Keitz.With its sharp decline Monday, the Dow turned negative for 2018 after entering the day up 0.9%.The Dow is now more than 2,000 points from its all-time high reached on Jan. 26. Wall Street Overview Stocks fell sharply on Monday, March 19, as...Read More
Jack ChanPosted Mar 19, 2018GLD – on sell signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on sell signal.***GDXJ – on buy signal.***Speculation is in bull market values.Data is supportive for overall higher prices.ABX - a major component in the gold indices as well as GDX, had a very high volume day early this month, and h...Read More
Spot prices for ammonium paratungstate (APT) continued to rise in last week's pricing session due to tightening supply in China. APT prices rise on tighter supply, slower Chinese output Profit-taking prompts fall in ferro-tungsten prices in China Cash flow pressure weighs on concentrates prices Metal Bulletin's benchmark cif Rotterdam quotation for APT rose to $325-334 per mtu on...Read More
Francesco CanepaBUENOS AIRES (Reuters) - France expects the European Union to obtain a full exemption from new U.S. tariffs on aluminum and steel that are due to kick in on March 23, the French finance minister Bruno Le Maire said on Monday after meeting his U.S. counterpart.The proposed tariffs of 25 percent on steel and 10 percent on aluminum, seen as the first major step toward protectionism by...Read More
Australian junior Cobalt Blue Holdings (AU:COB) was one of the cobalt companies on the rise after the in-demand battery material reached a new high on the London Metal Exchange on Friday of US$88,375 per tonne.Staff reporterCobalt Blue Holdings rises on Thackaringa upgrade19 MARCH 201819/03/2018commentsshareCOB hit a 52-week high intraday and closed up almost 3% today as it announced a significant...Read More
Tetsushi Kajimoto, Izumi NakagawaTOKYO (Reuters) - Confidence among Japanese manufacturers edged up in March from three months ago and the service sector’s mood hit a three-year high, the Reuters Tankan poll showed on Tuesday, signaling solid readings in the central bank’s closely-watched quarterly tankan survey.But the monthly poll, which tracks the Bank of Japan’s (BOJ)tankan d...Read More