The board has approved the throughput capacity to increase 15% to 85 million tonnes per annum and a further increase to 100mtpa after 2022.Read More

The company said last week it had received bridge loans totalling US$4.75 million and expected further loans to form part of a larger secured structured credit facility of up to US$34 million, and was also working with M. Horn & Co on remaining project financing of up to $350 million."The overarching objective of the trial was to ensure that all three machines met the requirements of their res...Read More

It's very important for gold, bond, and stock market investors to stay focused on the main fundamental price drivers and ignore what may feel exciting but is largely irrelevant to price discovery. Citizen demand from China/India and US central bank policy are the main price drivers for gold.From 1960 to 1980, US recessions were generally inflationary, and the Fed raised rates during that period....Read More

Last year was a great year for copper and zinc producers. Copper price surged by 30% to US$3.27 a pound in 2017, reaching a four-year high. The copper price has gained more than 50% in value since hitting a multi-year low at the beginning of 2016.The rally for zinc has been even more spectacular, ending 2017 at a decade high of US$3,330 a tonne. The zinc price has more than doubled since it hit bo...Read More

Mr. John Anderson reports TRIUMPH GOLD MOBILIZES CREW FOR PHASE 1 DRILLING ON FREEGOLD MOUNTAIN PROJECT, YTTriumph Gold Corp. has dispatched a field crew to the Freegold Mountain property to execute a 1,900-metre diamond drill program targeting the newly discovered porphyry system in the Keirsten zone (see press release No.17-13). Porphyry related mineralization was first discovered in the Keirste...Read More

The Dow broke its downward trend going into Thursday, led largely by the bank stocks.After the close on Wednesday, the Senate voted 67 to 31 to ease banking rules, bringing Congress closer to passing the first rewrite of the Dodd-Frank banking reform law enacted in 2010, which was a result of the Great Recession. The law essentially made it harder for smaller banks to take riskier positions.Reuter...Read More

Are rich people happier? According to Shark Tank star Kevin O'Leary, absolutely. The business maven known as Mr. Wonderful, lover of money, was responding to a comment made earlier this week by Warren Buffett, who said doubling one's wealth does not bring happiness. Buffett, worth an estimated $87.8 billion, said he actually missed the days he had less. "I wasn't unhappy when I had $10,000 when...Read More

(Kitco News)- The gold market pushed to a two-week high, posting its bestgains since last month’s equity market meltdown as the Federal Reservedisappointed U.S. dollar bulls after projecting only three rate hikes this year,according to some analysts.The gold market is trading just down from session highs,benefiting from the fact that the Federal Reserve is in no hurry to raiseinterest rates...Read More

Fed chairman says FOMC is committed to clear communicationPowell says he has made no final decision on the topicFed Chair Jerome Powell discusses the possibility of more frequent news conferences following FOMC decisions.Federal Reserve Chairman Jerome Powell said that he is “going to be carefully considering” adding more policy-meeting press conferences to the current calendar of fo...Read More

Mr. John Anderson reports TRIUMPH GOLD MOBILIZES CREW FOR PHASE 1 DRILLING ON FREEGOLD MOUNTAIN PROJECT, YTTriumph Gold Corp. has dispatched a field crew to the Freegold Mountain property to execute a 1,900-metre diamond drill program targeting the newly discovered porphyry system in the Keirsten zone (see press release No.17-13). Porphyry related mineralization was first discovered in the Keirste...Read More

Mar 21, 2018 Guest(s): Joe Foster Portfolio Manager The bull market run that started in 2009 may soon be coming to a halt, meaning investors will rush back into safe havens like gold, said Joe Foster, portfolio manager at VanEck."There's many signs in the economy that we are towards the end of the cycle. So I think in the next 12 to 18 months, you're going to see an economic slowdown, probably a...Read More

The much-anticipated FOMC meeting concluded today, resulting in an announcement that they will raise the Fed funds rate by 25 basis points (1/4%). This was in complete alignment with existing market sentiment. They also announced that they would stay the course and are projecting a total of two more rate hikes this year, for a total of three rate hikes in 2018.Although the 25-basis point rate hike...Read More

It's very important for gold, bond, and stock market investors to stay focused on the main fundamental price drivers and ignore what may feel exciting but is largely irrelevant to price discovery. Citizen demand from China/India and US central bank policy are the main price drivers for gold.From 1960 to 1980, US recessions were generally inflationary, and the Fed raised rates during that period....Read More

Split FOMC continues to see three rate increases in 2018Policy makers boost economic growth forecasts for 2018, 2019Fed Raises Rates and Forecasts a Steeper Path of HikesFederal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a steeper path of hikes in 2019 and 2020, citing an improving economic outlook. Pol...Read More

(Kitco News) - Streaming company Wheaton Precious Metals Corp. (TSX, NYSE: WPM) late Wednesday reported that its adjusted profit in the fourth quarter was comparable to the same period a year ago.Adjusted net earnings were listed $82.3 million, or 19 cents per share, compared to $81.9 million, also 19 cents, in the fourth quarter of 2016. Fourth-quarter cash flow was $165 million, compared to $175...Read More

The numbers: Existing-home sales ran at a seasonally adjusted annual pace of 5.54 million in February, the National Association of Realtors said Wednesday. What happened: Sales of previously-owned homes snapped a two-month losing streak, jumping 3.0% from January. They were 1.1% higher than in February of 2017, and the rate was higher than 2017's full year total of 5.51 million, a sign that...Read More

(Kitco News) - Gold andsilver prices are solidly higher in afternoon U.S. trading Wednesday, on shortcovering and bargain hunting following recent selling pressure. Prices extendedalready-good gains after the FOMC statement was issued. Gold prices have comedown a bit from their highs, however. April Comex gold futures were last up $15.00an ounce at $1,327.10. May Comex silver was last up $0.335 at...Read More

Asia needs nuclear energy to meet its economic, energy and environmental goals, but such plans are still in the development phase in the South East region of the continent, Agneta Rising, director general of World Nuclear Association, said today. Addressing delegates at the Sustainable Energy Technology Asia 2018 conference in Bangkok, Thailand, Rising noted that nuclear power generation is growin...Read More

China has completed a "large-scale demonstration project for a new generation of uranium enrichment centrifuges", China National Nuclear Corporation (CNNC) announced yesterday. The new centrifuges have now been put into production at the Hanzhun fuel facility in Shaanxi province.Operators of the demonstration centrifuge project (Image: CNNC)The project was independently researched and developed by...Read More

Base metals prices on the London Metal Exchange closed higher across the board on Wednesday March 21 after the dollar weakened slightly. The three-month copper price staged a recovery back toward the $6,800 per tonne support level. The red metal has come under pressure in recent days following easing supply concerns. Aluminium and nickel price remained rangebound, both closing marginally higher wh...Read More