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#Cryptocurrency Daily Update - April 25, 2018

April 25, 2018 / www.stockhouse.com

Bitcoin (BTC) is in danger of falling back to $8K, as daily losses continue. The price of US$8,948 at press time, down from an earlier morning high of US$9,743, marks a precipitous fall of nearly US$800, or just shy of 8%. Ethereum (ETH), Litecoin (LTC), Dash, Bitcoin Cash (BCH), and Ripple (XRP) ar...Read full newsRead More

Daimler joins China's Responsible Cobalt Initiative - by Yilei Sun (Reuters U.S. - April 25, 2018)

April 25, 2018 / republicofmining.com

https://www.reuters.com/LONDON (Reuters) – German carmaker Daimler has joined the Responsible Cobalt Initiative, a program established under a Chinese industry body to tackle risks in the cobalt supply chain arising from artisanal mining.Cobalt consumers are under pressure to ensure the material they use is not tainted by child labor in the Democratic Republic of Congo, the source of about 6...Read More

Centerra Gold says no interest in offer for Kyrgyz mine

April 25, 2018 / dlvr.it

Canada's Centerra Gold said on Tuesday it had received an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (CGH) but that it had informed the London-listed company that it was not interested in the offer.Read full newsRead More

Chaarat Gold offers to buy Centerra's Kyrgyz mine

April 25, 2018 / dlvr.it

Canada's Centerra Gold said on Tuesday it had received an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (CGH) but that it had informed the London-listed company that it was not interested in the offer.Read full newsRead More

Markets took a tumble after Tuesday's close and are continuing to see red this morning:

April 25, 2018 / ow.ly

Morning Market Breakdown, April 25: After the markets took a nasty tumble just before Tuesday's close, indexes continued to see red Wednesday morning.Read full newsRead More

Drilling Increases Renforth's Parbec Gold Deposit by 100 Meters Along Strike

April 25, 2018 / bit.ly

Renforth Resources Inc. (CSE:RFR) ("Renforth" or the "Company") is pleased to announce that 5 drill holes, totaling 1,269 metres, have been drilled to extend the Parbec deposit.Drill hole PAR-18-77 intersected 1.1 g/t Au over 7.5m, successfully extending the deposit strike by 100 m to the east of the deposit, the first drilling on the eastern end.Read full newsRead More

Lower copper grades take toll on Antofagasta first quarter output

April 25, 2018 / www.mining.com

Shares in Chilean miner Antofagasta Plc. (LON:ANTO) dove Wednesday after the company reported marked drops copper and gold production during the first quarter of the year, due mostly to lower quality ore.Miner said it had expected to begin the year with poorer grades, but would move to higher quality ores as the year went on.The miner said copper output fell by 10.5% to 153,800 tonnes compared w...Read More

Canada's First Cobalt eager for more after U.S. Cobalt buy

April 25, 2018 / www.mining.com

Canada's First Cobalt, which has just bought another cobalt developer, is keen for more acquisitions to accelerate bringing on production to meet North American demand, a senior company official said.Expectations of soaring demand for cobalt because of its use in electric vehicles has inspired a hunt for the mineral across the globe.Governments and miners are anxious to secure supplies in more sta...Read More

Gold Fields' quarterly output falls, South Deep woes rumble on

April 25, 2018 / www.mining.com

South Africa's Gold Fields reported lower production for the March quarter and flagged more challenges at its problematic South Deep mine on Wednesday, sending its share price sharply lower.South Deep, the company's last South African asset, has faced numerous operational obstacles in a tough geological setting 3 km (2 miles) below the surface and made a loss of 337.6 million rand ($27 million) in...Read More

Southern Copper says legal dispute over Peru's Tia Maria resolved

April 25, 2018 / www.mining.com

Southern Copper Corp's chief executive said on Wednesday it had reached a settlement with a company in Peru that blocked development of its $1.4 billion Tia Maria project with a legal injunction.Southern Copper's Oscar Gonzalez told Reuters he hoped the new government of Peruvian President Martin Vizcarra would issue a permit "soon" to allow construction work on the long-delayed project to begin t...Read More

One asset leads South African miner's growth in Q1-2018

April 24, 2018 / www.mining.com

South Africa's Kumba Iron Ore reported a 4 per cent increase in overall production in the first quarter that ended March 31, 2018.In a press release, Anglo American's (LON:AAL) subsidiary revealed that the growth was driven entirely by a 26 per cent increase at its Kolomela iron-ore mine, situated near Postmasburg town. The asset supplied 3.5 million tonnes of mineral during the first three months...Read More

Pangolin finds first diamond at Jwaneng project in Botswana

April 25, 2018 / www.mining.com

Canada's Pangolin Diamonds (TSX-V:PAN) has found its first diamond at the Jwaneng South Project in Botswana, which is located about 100 km south of the Jwaneng diamond mine, the world's richest.Pangolin is led by Leon Daniels, the same geologist who discovered the kimberlite pipe that produced the giant Lesedi La Rona diamond. The white diamond, measuring about 1 mm, was recovered from a soil s...Read More

Australian gold miner Newcrest downgrades full-year production forecast

April 25, 2018 / www.mining.com

Australia's biggest gold miner Newcrest Mining Ltd on Thursday cut its full year production forecast, while reporting a fall in third-quarter production.Newcrest now expects production of 2.25-2.35 million ounces of gold for the full-year ending June 30, down from 2.4 million to 2.7 million ounces expected earlier. It also downgraded guidance for its flagship Cadia mine which restarted production...Read More

After weeks of chaos, US throws aluminum industry lifeline

April 24, 2018 / www.mining.com

(Bloomberg) - After two weeks of convulsions caused by U.S. sanctions against United Co. Rusal, the metals market was braced for more mayhem: many traders were betting the Russian aluminum giant was just days away from having to shut plants from Sweden to Jamaica.Then on Monday, the U.S. Treasury threw a potential lifeline by making clear it's not pushing for the company's collapse."The U.S. gove...Read More

Federal Council rejects mining referendum in Colombian town

April 25, 2018 / www.mining.com

Colombia's State Council revoked a provincial judgment that allowed for a mining referendum in the municipality of Une, located in the central Cundinamarca state. According to W Radio, the council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court, which declared constitutional the question that was going to be asked to Une residents regarding wh...Read More

First-quarter profit rise at Sweden's Sandvik marred by mining miss

April 24, 2018 / www.mining.com

STOCKHOLM, April 24 (Reuters) - Swedish engineering group Sandvik beat first-quarter operating earnings expectations on Tuesday boosted by strong results in its metal-cutting tools business, the group's main profit generator. But results in its mining gear business were slightly weaker than anticipated, taking some of the shine off the overall beat and sending shares lower after an initial rise.At...Read More

2 Miners to Cash In on the Buoyant Outlook for Metals

April 26, 2018 / www.fool.ca

Despite growing Middle East tensions and the threat of a trade war, the outlook for many commodities, including base metals such as copper, zinc, and nickel, remains positive. This can be attributed to the global economic upswing and supply constraints because of a lack of investment in exploration in mine development during the protracted slump in metals.According to a recent report from Bank of...Read More

Osisko Mining drills 8.4 m of 115 g/t Au at Windfall

April 26, 2018 / www.stockwatch.com

Mr. John Burzynski reportsOSISKO INTERSECTS 115 G/T AU OVER 8.4 METRES AT LYNXOsisko Mining Inc. has provided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and around...Read More

Why Asset Location Is as Important as Asset Allocation

April 26, 2018 / www.fool.ca

You are probably familiar with the concept of asset allocation, which is to divide your investments between stocks and bonds in a certain proportion to generate a particular return and risk.While asset allocation is important, asset location is also very important if you own both registered and non-registered accounts. Asset location is how you distribute your investments between your registered a...Read More

Kirkland Lake drills 0.7 m of 205.8 g/t Au at Taylor

April 25, 2018 / www.stockwatch.com

Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD EXPANDS NEW HIGH-GRADE ZONE BELOW TAYLOR MINE, REPORTS MINERALIZED EXTENSIONS ALONG STRIKE AND AT DEPTHKirkland Lake Gold Ltd. has releasednew exploration drill results from surface and underground drilling at the Taylor mine in Northeastern Ontario and situated along the PDF. Recent drilling occurred at depth below both the East and West porphyry depos...Read More

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