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Increased production at Chinese domestic coal mines lead to decline in thermal coal prices

April 24, 2018 / www.mining.com

FocusEconomics' April 2018 Consensus Forecast for Commodities shows a moderate downward trajectory for thermal coal in Q4 2018. Newcastle export prices are expected to drop to $88.00 a tonne because of new measures taken by the Chinese government to up production at domestic coal mines, suppressing the surge in import prices.Thermal coal prices peaked in January, reaching a one-year high of $109.0...Read More

Congo's state miner seeks to dissolve Glencore venture over debts

April 24, 2018 / www.mining.com

DAKAR, April 24 (Reuters) - Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for high debts that have weighed on the mine for more than 10 years.Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion. It sa...Read More

Spanish activists reject reopening of Los Frailes mine

April 24, 2018 / www.mining.com

On the 20th anniversary of the breach of the tailings pond at the Los Frailes mine in Spain, environmental organizations held a press conference to alert the public about the possibility of a similar accident taking place.Greenpeace, WWF, SEO/BirdLife, Ecologists in Action, and Friends of the Earth accused the Andaluc?-a council of relaxing administrative and legal requirements to ease the way for...Read More

Heap leaching a stack of gold

April 25, 2018 / www.miningfeeds.com

Heap leaching has become a popular method of extracting gold, writes mining consultant Nicolaas C. Steenkamp and Leon Louw, writer, editor and specialist in African affairs and mining.Heap leaching is used to extract gold, copper, silver, uranium, and iodine. This method was first employed to extract copper at the Bluebird mine in the US in the early 1960s, and then by several gold mines in the we...Read More

Gold Is the Play as Confusion and Volatility Reign

April 20, 2018 / www.outsiderclub.com

If there's one word to describe market activity in 2018, it's "volatile."Forgive me for the stat barrage but...The S&P 500 saw just eight swings of 1% or more all of last year.In just the first four months of 2018, it's experienced 28 such moves - 15 increases and 13 drops of 1% or more.Meanwhile, the Dow has experienced FIVE of its 15-biggest point drops in history. That includes TWO 1,000-point...Read More

Equinox Gold starts mining activities at Aurizona

April 25, 2018 / www.stockwatch.com

Mr. Christian Milau reportsEQUINOX GOLD BEGINS MINING AT AURIZONA AND RECEIVES AWARD FOR MINING EXCELLENCE IN BRAZIL Mining activities are under way in the Piaba deposit at Equinox Gold Corp.'s Aurizona gold mine in Brazil. Construction remains on track to pour gold by late 2018. All dollar amounts are in U.S. dollars unless otherwise noted. Mining activities Mining is under way to prepare for go...Read More

Gold Unable to Hold onto Yesterday's Price Gains

April 25, 2018 / www.kitco.com

Anyhope for potential support and subsequent reversal in gold was short-lived as astrengthening U.S. dollar and a predominantly bearish sentiment took priceslower today. Gold futures are currently trading off by nine dollars to be fixed at $1,324 per ounce, a net decline of-0.67%.Exceptfor palladium, precious metals are trading lower today across the board.Physical palladium is trading unchanged o...Read More

Goldcorp Reports Decline In First-Quarter Profit

April 25, 2018 / www.kitco.com

(Kitco News) - GoldcorpInc. (TSX: G, NYSE: GG) late Wednesday reported that its output and profit fellduring the first quarter, compared to the same period a year ago.Net earnings came in at $67million, or 8 cents per share, compared to $170 million, or 20 cents, for thefirst quarter of 2017. According to news reports, analysts were expecting around11 cents per share.However, the company said that...Read More

Corvus Gold drills 33.5 m of 2.2 g/t Au at Mother Lode

April 25, 2018 / www.stockwatch.com

Mr. Jeffrey Pontius reportsCORVUS GOLD CONTINUES TO EXPAND DEPOSIT WEST, DRILL RESULTS INCLUDE 33.5 METRES @ 2.2 G/T GOLD, MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received results from three stepout holes in the southwest extension of the Mother Lode deposit highlighted by hole ML18-053 which returned 33.5 metres at 2.2 grams per tonne gold including 19.8 m at 3.3 g/t gold.Assay results re...Read More

Coeur Mining Posts Profit In First Quarter

April 25, 2018 / www.kitco.com

(Kitco News) - CoeurMining, Inc. (NYSE: CDE) late Wednesdayreported a small profit for the first quarter.Thecompany listed both net income and adjusted income of $0.7 million, or zerocents per share. In the year-ago quarter, net income was $18.3 million, or 10cents, while adjusted income was $6.8 million, or 4 cents.Revenuefell to $163.3 million from $185.6 in the same period a year ago, as the ta...Read More

Consumer confidence in April rebounds close to 18-year high

April 24, 2018 / www.marketwatch.com

Getty ImagesAmericans are pretty satisfied about the U.S. economy, job prospects and their own finances. Consumer confidence is near an 18-year high. The numbers: Consumers confidence rebounded slightly in April with a small gain that put the index back near an 18-year high, suggesting the U.S. economy remains on sound footing despite fresh worries about trade tensions. The consumer confidence...Read More

Metalla talks Tier 1 listing, omits Q3 P&L from NR

April 24, 2018 / www.stockwatch.com

Mr. Brett Heath reportsMETALLA REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER OF FISCAL 2018 Metalla Royalty and Streaming Ltd. has released its financial results for the third quarter of fiscal 2018. For complete details of the condensed interim consolidated financial statements and accompanying management's discussion and analysis for the nine months ended February 28, 2018, please see the Comp...Read More

Gold, Silver Sink As U.S. Dollar Resumes Rally

April 25, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices are lower in early-afternoon U.S. trading Wednesday. Gold droppedto a four-week low today. The precious metals were pressured in part by aresumption of the appreciation of the U.S. dollar on the foreign exchangemarket. The U.S. dollar index hit a 3.5-month high today. The USDX has alsoseen a bullish upside technical breakout on the daily chart, to suggest more...Read More

Equinox Gold starts mining activities at Aurizona

April 25, 2018 / www.stockwatch.com

Mr. Christian Milau reportsEQUINOX GOLD BEGINS MINING AT AURIZONA AND RECEIVES AWARD FOR MINING EXCELLENCE IN BRAZIL Mining activities are under way in the Piaba deposit at Equinox Gold Corp.'s Aurizona gold mine in Brazil. Construction remains on track to pour gold by late 2018. All dollar amounts are in U.S. dollars unless otherwise noted. Mining activities Mining is under way to prepare for go...Read More

Gold's Path Is Down, Not Up - DeCarley Trading

April 25, 2018 / www.kitco.com

(Kitco News) - Gold has missed several opportunities to rally this year andthe path of least resistance is in the downward direction for now, thisaccording to Carley Garner, president of DeCarley Trading.“[Gold] has had every excuse in the book to rally. We’ve hadpolitical turmoil, trade conflict, and gold just can’t seem to get above$1,350, $1,360 [an ounce]. So, I think we&rsqu...Read More

Silvercrest files NI 43-101 report for Las Chispas

April 24, 2018 / www.stockwatch.com

Mr. N. Eric Fier reportsSILVERCREST FILES MINERAL RESOURCE TECHNICAL REPORT ON THE LAS CHISPAS PROPERTYSilvercrest Metals Inc. filed today a technical report titled "Technical Report and Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico," dated April 23, 2018, with an effective date of Feb. 12, 2018, on SEDAR, and the report is also available on Silvercrest's website. The Las...Read More

Corvus Gold drills 33.5 m of 2.2 g/t Au at Mother Lode

April 25, 2018 / www.stockwatch.com

Mr. Jeffrey Pontius reportsCORVUS GOLD CONTINUES TO EXPAND DEPOSIT WEST, DRILL RESULTS INCLUDE 33.5 METRES @ 2.2 G/T GOLD, MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received results from three stepout holes in the southwest extension of the Mother Lode deposit highlighted by hole ML18-053 which returned 33.5 metres at 2.2 grams per tonne gold including 19.8 m at 3.3 g/t gold.Assay results re...Read More

Pan Orient Energy to buy back shares

April 24, 2018 / www.stockwatch.com

Mr. Bill Ostlund reportsPAN ORIENT ENERGY CORP.: NORMAL COURSE ISSUER BIDPan Orient Energy Corp. intends to continue the ability to purchase its common shares pursuant to the renewal of its normal course issuer bid through the TSX Venture Exchange.Under the terms of the bid, Pan Orient will be authorized to purchase, for cancellation, up to 4,514,494 of its common shares (10 per cent of the publi...Read More

Heap leaching a stack of gold

April 25, 2018 / www.miningfeeds.com

Heap leaching has become a popular method of extracting gold, writes mining consultant Nicolaas C. Steenkamp and Leon Louw, writer, editor and specialist in African affairs and mining.Heap leaching is used to extract gold, copper, silver, uranium, and iodine. This method was first employed to extract copper at the Bluebird mine in the US in the early 1960s, and then by several gold mines in the we...Read More

Will Inflation Boost Gold to $1,500?

April 25, 2018 / www.marketslant.com

Frank Holmes joined Pimm Fox and Lisa Abramowicz on Bloomberg Radio to chat about gold's current trajectory. Frank explains how rising inflation, which he believes is currently understated, has historically been a catalyst for higher bullion prices. For this reason, Frank believes gold is on track to hit $1,500 an ounce and that investors should consider including the yellow metal in their portfol...Read More

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