Mr. Mike Beckstead reportsKLONDEX REPORTS FIRST QUARTER 2018 OPERATING RESULTS Klondex Mines Ltd. has released its preliminary operating results for the first quarter of 2018.First quarter 2018 highlights:Announced proposed acquisition of Klondex by Hecla Mining Co. for $462-million (U.S.);Mined 49,873 gold equivalent ounces (GEOs);Produced 43,525 GEOs;Mining and production results in line with co...Read More
Gold, silver and platinum have closed lower today. However, gold is the only precious metal to have any kind of selling pressure. Traders have bid the precious yellow metal fractionally lower today (-$0.40). Both silver and palladium had fractional upside ticks in terms of the buy side of the equation. All four precious metals were weighed down today due to dollar strength. The net result was that...Read More
(Kitco News) - Agnico Eagle Mines Ltd. (NYSE, TSX: AEM) late Thursday reported that its profit and gold output eased in thefirst quarter compared to the same period last year.The company listed net income of $44.9 million, or 19 cents per share, which was down from $76 million, or 33 cents, inthe first quarter of 2017. The January-March results include non-cash forei...Read More
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
Mr. Eric Fier reportsSILVERCREST ANNOUNCES C$15 MILLION BOUGHT DEAL FINANCINGSilvercrest Metals Inc has entered into an agreement with a syndicate of underwriters led by PI Financial Corp. and Cormark Securities Inc., pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 7,143,000 common shares of the company at a price of $2.10 per share for aggregate gross proceeds...Read More
Apr 26, 2018 Guest(s): Peter Hug Global Trading Director, Kitco Metals Lower fear from easing geopolitical tensions have given investors a more risk-on appetite, keeping gold low, according to Peter Hug, global trading director for Kitco Metals. Fear surrounding North Korea have largely abated after the announcement of a tentative meeting of the North Korean leader and President Trump. Hug told...Read More
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
Getty ImagesTrade had been expected to be a drag on first quarter growth. The numbers: The trade deficit in goods narrowed 10.3% to $68 billion, according to the government's advanced report released Thursday. This was the first narrowing of the deficit in seven months and came in well below the $73.4 billion estimate of economists polled by MarketWatch. The government's advanced report on wholes...Read More
(Kitco News)- Sometimes itpays to get a second opinion at least it did for one New England man who foundout that his once-believed fake gold coin, which dates back to 1854, is realand is worth millions of dollars.According to reports, the coinowner, who has requested to remain anonymous, believed his small gold coin witha $5 denomination from the San Francisco Mint, made during the height of theCa...Read More
Mr. Mike Beckstead reportsKLONDEX REPORTS FIRST QUARTER 2018 OPERATING RESULTS Klondex Mines Ltd. has released its preliminary operating results for the first quarter of 2018.First quarter 2018 highlights:Announced proposed acquisition of Klondex by Hecla Mining Co. for $462-million (U.S.);Mined 49,873 gold equivalent ounces (GEOs);Produced 43,525 GEOs;Mining and production results in line with co...Read More
(Kitco News) - Gold and silver prices areweaker in early-afternoon U.S. trading Thursday. Gold prices dropped to afive-week low, while silver hit a three-week bottom. Slight gains seen at thestart of North American trading were eroded by late-morning as the U.S. dollar index pushed higher and hit another 3.5-month high. Gains in U.S. stock indexesamid an improvement in investor risk appetite today...Read More
Mr. Eric Fier reportsSILVERCREST ANNOUNCES C$15 MILLION BOUGHT DEAL FINANCINGSilvercrest Metals Inc has entered into an agreement with a syndicate of underwriters led by PI Financial Corp. and Cormark Securities Inc., pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 7,143,000 common shares of the company at a price of $2.10 per share for aggregate gross proceeds...Read More
(Kitco News)- The U.S. Dollar has pushed to itshighest level since mid-January, which has driven gold prices to a one-monthlow, but one gold market analyst said that it is essential for investors to payattention to the long-term trend.George Milling-Stanley, head of goldinvestments at State Street Global Advisors, the marketing agent of the largestgold-backed exchange traded fund, SPDR Gold Shares...Read More
(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More
The Philippines Department of Energy has submitted its recommendation to the President on the country's nuclear energy policy. The policy will include a decision on the future of the mothballed Bataan nuclear power plant.The mothballed Bataan plant (Image: I Rotaru/IAEA)Energy Secretary Alfonso Cusi was cited as saying by the Business World newspaper that he had "submitted the papers, the policy d...Read More
Editor's Note: The article was updated to reflect a drop in prices.(Kitco News)-The gold market is unable to hold gains as the euro drops gains against the U.S. dollarfollowing optimistic comments from European Central Bank president MarioDraghi. The ECB remains confident thatthe eurozone economy will continue to trend upwards through the rest of theyear despite a recent wave of lackluster growth...Read More
Base metal prices on the London Metal Exchange steadied at the close of trading on Thursday April 26, while aluminium climbed 1.3% during the afternoon. "Afternoon news that Oleg Deripaska has no plans to restructure Rusal, sent aluminium prices quickly higher, through $2,300-2,315.20 per tonne area, adding to underlying market volatility and tightening of the spreads," Liz Grant, senior account e...Read More
An International Atomic Energy Agency (IAEA) team of experts yesterday completed a review of long-term operational safety at unit 3 at the South Ukraine nuclear power plant. The Pre-SALTO (Safety Aspects of Long Term Operation) team reviewed the plant's organisation and programmes related to long-term operation (LTO), including human resources and knowledge management.The South Ukraine plant (Imag...Read More
OceanaGold Corp. (TSX/ASX: OGC) reports a higher first-quarterprofit as gold prices rose. The company lists net income of $44.5 million, or 7cents per share, that was up from $36 million, or 6 cents, in the same quartera year ago. The average realized gold price was $1,340 an ounce.“Operationally, gold production was generally in line with our expectations,despite a severe cold weather event...Read More
While not exactly a "State-Of-The-Union" address this week, the London Metal Exchange's Update Forum in London - open to all - was a useful pit-stop event on what is gearing up to be a busy few months in its unfolding Strategic Pathway. On a widespread and varied menu, LME decisionmakers outlined current thinking and plans across the board. Among these are a couple of potentially tricky initiative...Read More