ISTANBUL, April 5 (Reuters) - Koza Ltd, whose founder had to abandon his Turkish gold assets, is expanding its operations in Britain with a $1 million programme to drill for gold in Ayrshire, Scotland, together with a venture partner, the company said on Thursday.Founder Akin Ipek built a multi-billion-dollar fortune in Turkey based on gold mining, but left the country in 2015 after relations betw...Read More
Solar power last year attracted far more investment than any other technology, reaching almost $161 billion, a 18% increase when compared to 2016, a new study backed by the United Nations shows.According to the report, released Tuesday by the UN Environment's Economy Division, the Frankfurt School-UNEP Collaborating Centre, and Bloomberg New Energy Finance, solar made up 57% of last year's to...Read More
(Bloomberg) - Vedanta Ltd.'s plan to expand a copper smelter in India as part of an $8 billion drive to boost its national production capacity for metals is being dogged by movie stars and local protesters.Stars-turned-politicians Rajinikanth and Kamal Haasan are lending their voices to protests by neighboring villagers against the plant in Tamil Nadu because of health concerns. Vedanta is workin...Read More
Dividend investors are looking for ways to get exposure to U.S. growth through Canadian companies. This is a particularly important strategy for savers or income investors who own stocks inside their Tax-Free Savings Account (TFSA).Why?The distributions from Canadian stocks owned in a TFSA are not taxed, but any U.S.-based stock that is held in a TFSA would have its dividends subjected to a withh...Read More
Mr. Tony Makuch reports KIRKLAND LAKE GOLD REPORTS STRONG YEAR-OVER-YEAR Q1 PRODUCTION GROWTHKirkland Lake Gold Ltd. had solid quarterly production in the first quarter of 2018. A total of 147,644 ounces were produced in Q1 2018, an increase of 13 per cent from the first quarter of 2017. Q1 2018 production exceeded target levels for the quarter, driven by record monthly production in March of 71,6...Read More
Mr. Christian Milau reportsEQUINOX GOLD ANNOUNCES SYMBOL CHANGE ON OTC MARKETSEquinox Gold Corp.'s trading symbols have been changed on the OTC Markets in the United States to match the company's trading symbols on the TSX Venture Exchange in Canada.At market open today the company's common shares and warrants will trade under the symbols EQXGF and EQXWF, respectively, on the OTC Markets. Equinox...Read More
Following a brief stretch where things were more than a little touch and go, markets responded strongly in the second half of Wednesday's trading and into Thursday with the S&P 500 up 3.47% since noon on Wednesday, the Dow Jones Industrial Average up 4.17%, and Canada's benchmark index, the TSX Composite Index, up 2.43% from its intraday Wednesday lows.The reversal in sentiment is certainly a...Read More
Talk about choppy sideways trading. The S&P 500 crossed the unchanged line at least 53 times in Wednesday's trading session, and the market ended the short week right around where it started.Perhaps some of the volatility could be attributed to many people taking off early for the coming Easter weekend. The bond market closed early Thursday, and all markets were closed on Good Friday, giving trade...Read More
Gold prices moved down on April 5 after it appeared that trade tensions between China and the United States would subsist on comments from chief economic advisor Larry Kudlow. Both countries have made it known that they are willing to negotiate rather than resort to a full-blown trade war. Canadian and U.S. indexes finished the day in the black, but the optimism appears to have been short-lived.On...Read More
Apr 06, 2018 Guest(s): Mark Cuban Owner, Dallas Mavericks "I hate gold. Gold is a religion," Mark Cuban, owner of the Dallas Mavericks, told Kitco News in an exclusive interview at the Three Sharks In A Castle Symposium. "I do not see it as an alternative to currency." Cuban said that while there may be some fundamental value to gold, "everything else is a collectible," he said, adding that gold...Read More
In his latest action, President Trump fired his next shot today by ordering a review of additional tariffs. This action prompted an immediate and strong response from China. As reported in Bloomberg Politics, "At almost the same time as Trump spoke, a senior Chinese government official in Beijing repeated a vow from earlier that day that the country would 'retaliate immediately, intensively, witho...Read More
U.S. consumer debt rose in February by the least in five months as credit-card balances stalled, indicating Americans’ appetite for borrowing waned further after a fourth- quarter shopping spree.Highlights of Consumer Credit (February)Total credit rose $10.6b (est. up $15.5b) and follows an upwardly revised $15.6b Jan. gain (prev. $13.9b)Revolving credit outstanding rose $148m m/m...Read More
Mr. Tony Makuch reports KIRKLAND LAKE GOLD REPORTS STRONG YEAR-OVER-YEAR Q1 PRODUCTION GROWTHKirkland Lake Gold Ltd. had solid quarterly production in the first quarter of 2018. A total of 147,644 ounces were produced in Q1 2018, an increase of 13 per cent from the first quarter of 2017. Q1 2018 production exceeded target levels for the quarter, driven by record monthly production in March of 71,6...Read More
(Kitco News)- Unless there is asignificant breakdown in equities or the U.S. dollar, gold investors can expectto see further grind in the marketplace, according to one commodity analyst.Although gold prices could testthe top end of their range, around $1,350 an ounce, as the market finds supportfrom disappointing labor market data and escalation of trade war rhetoricbetween the U.S. and China, ana...Read More
Mr. Christian Milau reportsEQUINOX GOLD ANNOUNCES SYMBOL CHANGE ON OTC MARKETSEquinox Gold Corp.'s trading symbols have been changed on the OTC Markets in the United States to match the company's trading symbols on the TSX Venture Exchange in Canada.At market open today the company's common shares and warrants will trade under the symbols EQXGF and EQXWF, respectively, on the OTC Markets. Equinox...Read More
Nonfarm payrolls rose by 103,000 in March, well below economist expectations of 193,000, according to the Bureau of Labor Statistics. However, markets reacted little to the news as February's number was revised higher and the longer-term trend of strong growth looked intact. Inflation also was of little worry as average hourly earnings rose at a 2.7 percent annualized pace. Jeff Cox| @JeffCoxCNBC...Read More
(Kitco News) - Participants in the Kitco News weekly gold surveylook for the price of the metal to rise next week amid ongoing rhetoricpointing to a potential trade war between the U.S. and China and after a softU.S. jobs report. Wall Street Bullish Bearish Neutral VSMain Street Bullish Bearish Neutral The metal has chopped up and down lately onheadlines about the U.S. and Chi...Read More
Unemployment rate holds at 4.1% for sixth straight monthAverage hourly earnings rise 2.7% from a year earlierBill Gross, fund manager at Janus Henderson, discusses the March jobs report and wage growth.U.S. hiring cooled in March following a strong February while wages picked up, returning labor-market progress to a more sustainable pace that keeps the Federal Reserve on track for further interest...Read More
CHICAGO (Reuters) - The Federal Reserve will likely need to keep raising U.S. interest rates to keep inflation under control, Fed Chairman Jerome Powell said in a speech on the economic outlook that did not address the economic risks of rising trade tensions.In his first speech on the economic outlook since assuming the helm at the U.S. central bank on February 5, Powell said on Friday the labor m...Read More
(Kitco News) - Gold prices aremodestly higher in early U.S. trading Friday, boosted by a weaker-than-expectedU.S. employment report. June Comex gold futures were last up $4.30 an ounce at$1,332.70. May Comex silver was last up $0.03 at $16.39 an ounce.Thejust-released U.S. employment situation report for March from the LaborDepartment showed the key non-farm payrolls number up 103,000, which was a...Read More