SASKATCHEWAN - Vancouver's NexGen Energy says the final winter assays confirm high grade uranium mineralization in step-out drilling at the Arrow deposit. Arrow is part of the Rook I project in the Athabasca Basin.Drilling has already outlined more than 300 million lb. of uranium oxide at the Rook I property. (Credit: The Northern Miner)Expansion drilling at the A3 shear intersected a new area of...Read More
Plan map of the northeast plunging Gryphon mineralized lenses projected up to the simplified basement geology at the sub-Athabasca unconformity. (Credit: Denison Mines)SASKATCHEWAN - Toronto-based Denison Mines says that drilling continues to intersect multiple zones of high grade mineralization from the Gryphon deposit at the Wheeler River uranium project in the Athabasca Basin. The project is ow...Read More
Cross-section of the Triple R deposit and new zones looking north. (Credit: Fission Uranium)SASKATCHEWAN - The first two summer holes at the R1515W zone hit high grades and wide mineralization in multiple stacked lenses at the Patterson Lake South project of Fission Uranium from Kelowna, B.C. The zone has been expanded both laterally and down-dip.The shallow R1515W zone - discovered during winter...Read More
NexGen's summer drilling program is aimed at resource growth. (Credit: NexGen Energy)SASKATCHEWAN - Vancouver-based NexGen Energy has released the results of its winter drilling program at the Rook I property in the Athabasca Basin. The work points toward resource expansion at several locations.One in-fill hole at A2 intersected 33.0 metres at 4.58% uranium oxide including 10.0 metres at 8.78%. An...Read More
VANCOUVER (miningweekly.com) – An analysis from independent New York-based diamond analyst Paul Zimnisky has shown that prices for synthetic laboratory-created diamonds are falling at an accelerating pace.Lab-created diamonds have enjoyed a 71% year-on-year improvement of its discount to natural equivalents over the past 12 months. Today, synthetic diamonds sell about 30% to 40% cheaper to t...Read More
The discount of gem-quality lab-created diamonds, manufactured for use in jewelry, relative to natural diamonds has doubled from 11-20% a year ago to 28-40% today, according to a survey of prices. For example, a white, 1-carat round diamond that is VS (very-slightly included) in clarity, F-H (near-colorless to colorless) in color, VG-ideal cut, with no-to-low florescence was selling for approxima...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS HIGH-GRADE, 7.5 METRES OF 21.77 G/T GOLD IN NEW EAST HIGH-GRADE ZONE AT THE MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received additional results from two holes which are evaluating the eastern extension of the Mother Lode deposit.The company believes that these new holes continue to define a new high-grade area of the east zone of the deposit as...Read More
For investors seeking outsized returns and the opportunity to beat the S&P/TSX Composite Index, one of the easiest, but riskiest means of doing so is by investing in junior gold miners. A miner that stands out at this time because of its attractive valuation and quality assets is Pretium Resources Inc. (TSX:PVG)(NYSE:PVG). Now what?Gold remains firm, trading at over US$1,300 per ounce because...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD DECLARES QUARTERLY DIVIDEND PAYMENT Kirkland Lake Gold Ltd. has declared a quarterly dividend payment of two cents per common share, payable on April 13, 2018, to shareholders of record as of the close of business on March 29, 2018. The payment represents the fourth quarterly dividend payment made to shareholders following the company's adoption of a di...Read More
(Kitco News) - Gold prices quickly climbed in Asian trading on Friday, as investors rushed to safety amid escalating fears of a trade war following U.S. President Donald Trump’s announcement of tariffs on Chinese goods.April Comex gold futures jumped to $1,336.70, up 0.70% on the day, while spot gold on Kitco.com was last trading at $1,337.00, up 0.63% on the day.By Anna Golubova For Kitco N...Read More
(Kitco News) - Gold prices are going up this year and the U.S. dollar will be the yellow metal’s primary driver, said one precious metals expert.“Which way the dollar moves … will be key for gold,” partner at Vertical Research Michael Dudas told CNBC on Wednesday. “[The U.S. dollar] has been the most important pressure on gold prices that we witnessed over the last f...Read More
Mar 22, 2018 Guest(s): Kevin O'Leary Despite avoiding an imminent trade war with the U.S. over steel and aluminum tariffs, Canada should not be breathing easier, this according to Shark Tank star Kevin O'Leary."I don't think the long-term outcome of the negotiations is going to be better for Canada," O'Leary told Kitco News. "For example, on steel, what will probably end up in the NAFTA negotia...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS HIGH-GRADE, 7.5 METRES OF 21.77 G/T GOLD IN NEW EAST HIGH-GRADE ZONE AT THE MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received additional results from two holes which are evaluating the eastern extension of the Mother Lode deposit.The company believes that these new holes continue to define a new high-grade area of the east zone of the deposit as...Read More
Adam JourdanSHANGHAI (Reuters) - China unveiled plans on Friday to impose tariffs on up to $3 billion of U.S. imports in retaliation against U.S. tariffs on Chinese steel and aluminum products, as the world’s two largest economies stood on the brink of a trade war.China was considering a 15 percent tariff on U.S. products including dried fruit, wine and steel pipes and a 25 percent tariff on...Read More
The Leading Economic Index rose in February. This is the fourth straight month of gains for the index, which combines 10 economic metrics to take a pulse on the U.S. economy. The index rose 0.8 percent in January. Kevin Breuninger| @KevinWilliamB Published 11 Hours AgoUpdated11 Hours AgoCNBC.com Getty ImagesCustomers shop at a Target store in Chicago, Illinois.A composite index of leading econ...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD DECLARES QUARTERLY DIVIDEND PAYMENT Kirkland Lake Gold Ltd. has declared a quarterly dividend payment of two cents per common share, payable on April 13, 2018, to shareholders of record as of the close of business on March 29, 2018. The payment represents the fourth quarterly dividend payment made to shareholders following the company's adoption of a di...Read More
The discount of gem-quality lab-created diamonds, manufactured for use in jewelry, relative to natural diamonds has doubled from 11-20% a year ago to 28-40% today, according to a survey of prices. For example, a white, 1-carat round diamond that is VS (very-slightly included) in clarity, F-H (near-colorless to colorless) in color, VG-ideal cut, with no-to-low florescence was selling for approxima...Read More
(Kitco News)- A weight has been lifted from the gold market after the Federal Reservesignaled Wednesday that it is in no hurry to raise rates faster than it wasalready expecting this year, according to one gold analyst.In a telephone interview with Kitco News, George Milling-Stanley, headof gold investments at State Street Global Advisors said that he now expectsgold prices to eventually retest th...Read More
Mar 22, 2018 Guest(s): Joe Foster Portfolio Manager The mining industry is not seeing a steady discovery rate and gold supply is shrinking, warned Joe Foster, portfolio manager for VanEck's International Investors Gold Fund (INIVX). "Mine supply of gold is peaking out right now - I expect to see a gradual decline for the foreseeable future," Foster said. He underlined that there are some big pro...Read More
Unmanned aerial system technology is being developed to fly into the containment vessels of the damaged reactors at the Fukushima Daiichi nuclear power plant in Japan to assess their condition. Tokyo Electric Power Company contracted the Southwest Research Institute (SwRI) of the USA to carry out the work.The greatest challenge in decommissioning the plant will be removing the fuel debris from the...Read More