A gravity survey site at Belmont's Kibby Basin lithium project in the Monte Cristo Valley Groundwater Basin in Esmeralda County, Nevada. Source: Belmont Resources Inc.Belmont Resources Inc. [BEA-TSXV] said Monday April 30 that it has entered into a consulting contract with Nevada Water Solutions of Reno to file for water rights to support future potential groundwater (brine) development for the e...Read More
Syrah Resources (ASX: SYR) is aiming for the low end of 2018 production guidance of 160,000-180,000 tonnes of graphite, with 75% of that output expected in the second half of the year after a slow first quarter at the new Balama operation in Mozambique.Michael Quinn Big second half expected from Balama operation.30 APRIL 201830/04/2018commentsshare First quarter production totalled 11,200t, with i...Read More
Gold bounced on Friday, which wasexpected, and today it has given back all of Friday's gains. This action is nosurprise as gold hovers near the recent lows. The $1,310 price is the key levelas to whether gold is going to break down or find support.After breaking out a couple ofweeks ago, silver finds itself in a similar situation to gold although a littlestronger. Silver has violated support but i...Read More
Cobalt Power Group Inc. (TSXV:CPO), a cobalt explorer, jumped after announcing the acquisition of Western Cobalt Corp.Sean Mason | April 30, 2018 | SmallCapPowerMore consolidation in the cobalt patch powered shares of a cobalt explorer Monday. Here's some small stocks making big moves Monday, April 30, 2018 (as of 4 pm EST):Cobalt Power Group Inc. (TSXV:CPO) shares rose 10% to $0.215 on Monday...Read More
The milling facility at Pan American's Huaron Mine in Peru. Source: Pan American Silver Corp.Pan American Silver Corp. [PAAS-TSX, NASDAQ] said operations at its Huaron Mine in Peru have been suspended since April 24, 2018, as a result of road blockades instituted by members of the nearby Huayllay community.The announcement came after the close of trading Friday, April 27, 2018.Pan American said t...Read More
Spot demand for cobalt slowed in late April while availability of the material increased, leaving metal prices to move only slightly higher at the end of the month.Metal Bulletin's benchmark low-grade cobalt assessment closed the week at $43.70-44.45 per lb, in-warehouse, on Friday April 27, stable with the midweek assessment, and up from $43.55-44.45 per lb at the end of the previous week. Prices...Read More
(Kitco News)- Gold continues to struggle against the backdrop of easinggeopolitical tensions and the strength in the dollar. The European Central Bank announced last week that rateswould remain unchanged, which initiated further capital flows into the dollar,as yield differentials widened between the U.S. and Europe. The euro has beenvery resilient at the 1.20 euro/dollar level and a break below t...Read More
This edition of the Ubika Blockchain & Cryptocurrency Report outlines the latest industry news along with company-specific developments over the past couple of monthsThis Content is Exclusive to Our MembersLogin belowRegisterLost your password?Welcome to the third edition of the Ubika Blockchain & Cryptocurrency Report. This edition outlines the latest industry news, cryptocurrency price...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Sluggish demand continued to put pressure on the antimony market in the week to Friday April 27, with little spot business taking place in Europe and China. Metal Bulletin assessed the MMTA standard grade II antimony, in-warehouse Rotterdam price at $8,150-8,300 per tonne on Friday, unchanged from the mid-week assessment when prices had also stayed stable. The trioxide grade antimony pri...Read More
The Conference Board of Canada says more than a decade's worth of good times are on their way for northern miners.In a report released Monday, the economic think tank suggests a rebirth in mining will drive growth in the three Arctic territories that exceeds the Canadian average at least until 2025.But the 20-year forecast says the boom won't be evenly spread. Yukon and Nunavut will enjoy the gre...Read More
Treasuries gain; oil rises as Israel says Iran lied on nukesDollar closes out big month; pound drops on U.K. cabinet movesMichelle Girard, chief U.S. economist at NatWest Bank, calls inflation at 2 percent 'meaningful.' A week full of earnings reports and economic data started on a down note, with U.S. stock benchmarks pulled lower by technology and industrial shares. The dollar had its best month...Read More
WASHINGTON (Reuters) - The latest U.S. proposal for updating NAFTA's automotive rules would carry a four-year phase-in to meet a higher, 75 percent regional value threshold as well as new labor content rules requiring substantial work at hourly wages of at least $16.A summary of the proposal, seen by Reuters and circulating among auto industry officials based on descriptions from Canadian and Mexi...Read More
The TSX stocks on our list have averaged 211% revenue growth over the past three yearsSmallCapPower | April 30, 2018: As the TSX remains relatively range-bound, companies that have seen reliable growth could appear especially attractive. The TSX stocks on our list today have generated average revenue growth of 211%, outperforming their Canadian peers, which have returned a median of 6%.Tidewater M...Read More
The U.S. dollar got a big boost last week. Everyone was cheering it.Over the past 14 days, the U.S. Dollar Index, which tracks the greenback against a basket of six foreign currencies, has increased as much as 2.8%.Is the U.S. dollar's bear market finally over?After sitting nearly dormant since the beginning of the year, the USD market has seen a lot of action over the past several days. Last week...Read More
Turkish steel producers booked more deep-sea scrap for May at the end of last week, and prices continued to inch upward in trades on Monday April 30.A steel producer in the Iskenderun region booked a Baltic Sea cargo, comprising 30,000 tonnes of HMS 1&2 (80:20) at $352 per tonne and 5,000 tonnes of bonus at $362 per tonne cfr.Another steel mill in the same region booked a Canadian cargo, comprisin...Read More
NEW YORK (Reuters) - Weaker-than-expected German data hurt the euro against the U.S. dollar on Monday, with investors further unwinding short positions on the greenback that were based on assumptions that the European Central Bank was nearer to unwinding its stimulus.German monthly retail sales unexpectedly dropped in March, dampening cheer around a consumer-led upswing in Europe’s biggest e...Read More
Vancouver, British Columbia - April 30, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Lucky Minerals Inc. (TSXV: LJ) (OTCQB: LKMNF) (FSE: 8LM) ("Lucky" or the "Company") is pleased to announce that, further to the Company's news release of April 11, 2018, it has entered into a share exchange agreement ("Share Exchange Agreement") with Monterra S.A. ("Monterra") in order to acquire Goldmindex...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, there was not a lot of volatility in the Index and it moved in a very tight range. The INK CIN climbed as high as 1287.34 intraday but closed the week at 1283.47 for a 5.6 point gain.RSI added 2.8 points to 59.8 and remains capped sub-60 and in the range where we typically see...Read More
Folks are up in arms today after hearing the news ...According to Reuters, the EPA has granted a financial hardship waiver to an oil refinery owned by Carl Icahn.As you likely know, Icahn's got a fat wallet and an I.O.U. from Trump for being an "advisor," so this news shouldn't come as a surprise.The Reuters piece noted that the waiver enables Icahn's CVR Energy Inc to avoid tens of millions of do...Read More