Edmonton-based Grizzly Discoveries announced its intentions to purchase the cobalt-copper-silver "Robocop Property," located within the Fort Steele Mining District in southeastern British Columbia.In detail, the property is located east of the company's Greenwood property or approximately 45 kilometres south of the town of Fernie, immediately north of the Canada-US border. Robocop is comprised of...Read More

BEIJING, March 28 (Reuters) - Jiangxi Copper Co Ltd, one of China's biggest copper smelters, said on Wednesday its 2017 net profit more than doubled, growing at the fastest pace in seven years, mainly due to higher copper prices.The Nanchang-based company also aims to increase its copper output in 2018, though it will be monitoring the market due to the country's expected slower growth in key infr...Read More

In a technology-focused partnership that will help make mines safer and more productive, Sibanye-Stillwater and the Wits Mining Institute (WMI) at the University of the Witwatersrand, today launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine).DigiMine is a simulated mining environment in the Chamber of Mines building on the West Campus of Wits University, whose facilities now inclu...Read More

South African DRDGold approved Wednesday a deal proposed by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) to exchange some its assets for a 38% stake in the mid-tier gold miner.The transaction, valued at R1.3 billion (roughly $110 million at today's rates), also gives Sibanye the option to buy another 12.1% of DRDGold shares - enough to give it control of the firm.The assets the precious metals produc...Read More

Gold is back above US$1,350 per ounce, yet many of the producers continue to linger near their 12-month lows.Let's take a look at the current situation to see whether this is the right time to add the miners to your portfolio.Fear tradeGold recently surged from US$1,310 to US$1,355 on fears that a global trade war is about to erupt.What's going on?U.S. President Donald Trump is threatening to slap...Read More

Mr. Jean Martineau reports DYNACOR ENDS 2017 SURPASSING US $100 M IN SALES AND REPORTS A NET INCOME OF US$ 3.8 M Dynacor Gold Mines Inc. has released its audited consolidated financial statements and the management's discussion and analysis (MD&A) for the year ended Dec. 31, 2017. These documents have been filed electronically with SEDAR and will be available on the corporation's website. All...Read More

What if we were in the midst of an infrastructure boom, and all of America's steel refineries sat idle?To make matters worse, what little steel was out there for sale came from just a couple sources, and they were controlled by unfriendly countries willing to use it as leverage.It sounds absurd in our global economy - where anything, anywhere can be had at a price - but since the dawn of humanit...Read More

The spot price of gold and silver fell over 1% on March 28, as revised Q4 GDP numbers in the U.S. pushed up growth to 2.9%.The S&P/TSX Index extended its losing streak with a 46-point drop on March 28. Indexes in the United States experienced a volatile trading day that ended with the Dow Jones Industrial Average up triple digits but with the S&P 500 and NASDAQ finishing in the red. Ahead...Read More

(Kitco News) - There are no visible triggers that could put a cap on the gold-silver ratio, ICBC Standard Bank said in a report.The gold-silver ratio has been trading at around 80 recently, nearing two-year highs on silver’s underperformance.“[The ratio] has not [traded] sustainably [above that level] since the early 1990s,” analyst at ICBC Marcus Garvey said in a report publishe...Read More

Now that the FOMC meeting is behind us, the full reality of another rate hike hit the stock market hard this week, right as trade war concerns flared up. All the major indexes are down sharply for the week, with U.S. Treasuries surging.Stocks have been trading in this no-man's land in between the 50-day and 200-day moving averages, with 60% of stocks in poor shape. The recent sell-off pushes the i...Read More

Gold remains firm as fears of a market correction mount after the recent collapse of FANG stocks on the NASDAQ, which has driven the broader market lower. The carnage has not been restricted to the NASDQ, but has spilled over into the broader market to see the Dow Jones Industrial Average down by 4% over the last month. The fallout has spread to international markets, pushing the S&P/TSX Compo...Read More

(Kitco News)- Frustration is starting to build among gold investors, butanalysts are encouraging them to keep the faith as the market still haspotential to break through $1,400 an ounce eventually.While the breakout may not be on the horizon in theshort-term, many analysts think that it is only a matter of time and instead ofgiving up, many analysts see a drop back to the lower end of its currentt...Read More

Mar 29, 2018 Guest(s): Pierre Lassonde Chairman, Franco-Nevada While a much higher gold price is needed to bring bullish sentiment back into the mining space, the yellow metal is already fairly priced, said Pierre Lassonde, Chairman of Franco-Nevada Corp."At $,1300 [an ounce], I will argue that gold is well priced," Lassonde told Kitco News on the sidelines of the BMO Global Metals & Mining...Read More

Mr. Jean Martineau reports DYNACOR ENDS 2017 SURPASSING US $100 M IN SALES AND REPORTS A NET INCOME OF US$ 3.8 M Dynacor Gold Mines Inc. has released its audited consolidated financial statements and the management's discussion and analysis (MD&A) for the year ended Dec. 31, 2017. These documents have been filed electronically with SEDAR and will be available on the corporation's website. All...Read More

The first quarter of 2018 concluded today, and as far as gold pricing goes, this marks the third consecutive quarter of positive price gains. However, first-quarter gains were the smallest gains for any quarter over the last seven years. Gains this quarter were a tepid 1.8% with gold moving from $1300 to close today at $1325.It is also clear when looking at a quarterly gold chart that we have been...Read More

(Kitco News) - Gold priceswereending the U.S. day session slightly lower Thursday, on some chartconsolidation after this week’s stronger selling pressure that did produce somenear-term technical damage. The gold market is now short-term oversold,technically, and due for a corrective bounce early next week. April Comex gold futures were last down $2.00 an ounce at $1,322.20. May Comex silver...Read More

U.S. Income Gain Outpaces Spending in February U.S. filings for unemployment benefitsunexpectedly fell last week to the lowest level since January1973, further evidence that the labor market remains tight,Labor Department figures showed Thursday.Highlights of Jobless Claims (Week ended March 24)Jobless claims decreased by 12k to 215k (est. 230k)Continuing claims rose by 35k to 1.87m in week ended...Read More

(Kitco News) - Sentiment in the gold market is stuck in neutralwith Wall Street voters are split on the direction of gold prices next week,based on the Kitco News gold survey. Wall Street Bullish Bearish Neutral Bulls say gold looks oversold after this week’sdecline, plus they cite ongoing geopolitical uncertainty and a view that theU.S. dollar will give up some of its strength....Read More

(Kitco News)- In its continued bid to bringinnovation to the precious-metals sector, one of the world’s biggest goldminers has embraced a new blockchain-based digital marketplace.Goldcorp (NYSE: GG, TSX: G) announced Thursday thatit placed 3,000 ounces of gold, valued at $4 million, in Tradewind Inc.'s newlylaunched digital market, VaultChain. Tradewind described the investment as the“...Read More

U.S. Income Gain Outpaces Spending in FebruaryConsumer spending lagged behind income growth for a second month in February, showing American households were taking a breather after a late-2017 surge. Inflation, meanwhile, ticked up.Purchases, which account for about 70 percent of the economy, rose 0.2 percent after a similar advance at the start of the year, Commerce Department figures showed Thur...Read More