Vancouver-based Canarc Resource (TSX: CCM) just bought the Corral Canyon gold exploration project in northwestern Nevada through the staking of 92 mining claims. The Vancouver-based miner now owns 100% of the project with no underlying royalties.According to Canarc, the 742-hectare project lies along a regionally productive gold trend that includes the past producing high-grade Sleeper gold mine,...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
May's "soft Brexit" deal with the EU could lead to a hard landing for British stocksBy the end of last week, the state of Brexit negotiations was (not unfairly) summed up by one Vox article as "a true and complete omnishambles." While U.K. Prime Minister Theresa May successfully hammered out the terms of a "soft Brexit" with her European Union (EU) counterparts, it came at a great cost for May --...Read More
BOGOTA (Reuters) - Colombia’s main mining industry group said on Monday it was optimistic a new tax bill that includes a cut to corporate taxes will help attract more foreign investment, allowing companies to boost exploration and output in the coming years.The bill, known as the financing law, proposes a gradual reduction in taxes on businesses to 30 percent by 2022 from the current 35 perc...Read More
Gold is going nowhere but it seems to be in a hurry, or at least traders and investors are impatient. A watched pot never boils, and gold will make the next move when it's ready and not one minute before. The most important components of trading and investing are not the news or opinions of others but the patience for the chart to guide you. All markets leave footprints or a treasure map of what's...Read More
Bloomberg News/LandovContractors work on a KB Home project. Builders have started 6.4% more homes so far this year than in the same period last year. The numbers: The National Association of Home Builders' monthly confidence index plunged eight points to 60 in November. What happened: The many headwinds that have been dogging the industry finally showed up in this report. Labor is still expens...Read More
Gold is going nowhere but itseems to be in a hurry, or at least traders and investors are impatient. Awatched pot never boils, and gold will make the next move when it's ready andnot one minute before.The most important components of tradingand investing are not the news or opinions of others but the patience for thechart to guide you. All markets leave footprints or a treasure map of what'sgoing...Read More
In 2016, traders bought all beaten-down gold miner stocks without distinction. Industry investors were giving almost every company a chance. Financing came from every which way.2019 will be different: Knowledgeable gold mining industry investors have learned a lot about various junior gold miner companies since 2016.In the next leg of the rally, industry investors will be more selective. Not all c...Read More
* Cash/threes zinc spread jumps to $97/T backwardation * Global aluminium output rises to 5.4 mln T in Oct-IAI* Nickel hits lowest in more than 11 months(Updates with closing prices)By Eric OnstadLONDON, Nov 20 (Reuters) - Copper prices slipped on Tuesdayafter five days of gains, unnerved by a sell-off on sharemarkets and sapped by uncertainty before a meeting of U.S. andChinese leaders.Both coppe...Read More
* Euro falls as risk sentiment sours * Yen, Swiss franc both gain on safe-haven bids * Tech share slide, Fed caution had earlier hobbled dollar * Graphic: World FX rates in 2018 (Adds quotes, details, updates prices)By Tommy WilkesLONDON, Nov 20 (Reuters) - The euro fell from a two-weekhigh on Tuesday as a selloff in world stock markets andnervousness about Italian banks fed through to the currenc...Read More
Great Bear Resources (TSXV: GBR) announced that it completed a series of payments aimed at gaining 100% royalty-free interest in its flagship Dixie gold project.The 9,140-hectare project is located in the Red Lake district in western Ontario, a place that has produced over 30 million ounces of gold. Goldcorp's Red Lake Gold Mine is located in the area.In a media statement, Great Bear explained tha...Read More
Great Bear Resources (TSXV: GBR) announced that it completed a series of payments aimed at gaining 100% royalty-free interest in its flagship Dixie gold project.The 9,140-hectare project is located in the Red Lake district in western Ontario, a place that has produced over 30 million ounces of gold. Goldcorp's Red Lake Gold Mine is located in the area.In a media statement, Great Bear explained tha...Read More
Great Bear Resources (TSXV: GBR) announced that it completed a series of payments aimed at gaining 100% royalty-free interest in its flagship Dixie gold project.The 9,140-hectare project is located in the Red Lake district in western Ontario, a place that has produced over 30 million ounces of gold. Goldcorp's Red Lake Gold Mine is located in the area.In a media statement, Great Bear explained tha...Read More
Mr. Nav Dhaliwal reports BONTERRA AND DUKE OPTION DRILLING EXTENDS GLADIATOR LENGTH TO 4.5 KMBonterra Resources Inc.'s Gladiator mineralized trend has been extended to over 4.5 kilometres as a result of new drill results as well as new information gained through the Duke joint venture database.Drilling by Bonterra and by the previous owner of the Duke ground (Beaufield Resources Inc., now Osisko M...Read More
Mr. Nav Dhaliwal reports BONTERRA AND DUKE OPTION DRILLING EXTENDS GLADIATOR LENGTH TO 4.5 KMBonterra Resources Inc.'s Gladiator mineralized trend has been extended to over 4.5 kilometres as a result of new drill results as well as new information gained through the Duke joint venture database.Drilling by Bonterra and by the previous owner of the Duke ground (Beaufield Resources Inc., now Osisko M...Read More
Canada's Nevsun Resources (TSX, NYSEMKT:NSU) said Tuesday that Zijin Mining had received approval from Chinese and Canadian authorities for its proposed friendly $1.41 billion-takeover bid of the Vancouver-based miner.Both the go-ahead granted by China's State Administration of Foreign Exchange (SAFE) and the support by the Canadian Investment Canada Act (ICA), said Nevsun, were the final regulat...Read More
Canada's Nevsun Resources (TSX, NYSEMKT:NSU) said Tuesday that Zijin Mining had received approval from Chinese and Canadian authorities for its proposed friendly $1.41 billion-takeover bid of the Vancouver-based miner.Both the go-ahead granted by China's State Administration of Foreign Exchange (SAFE) and the support by the Canadian Investment Canada Act (ICA), said Nevsun, were the final regulat...Read More
Canada's Nevsun Resources (TSX, NYSEMKT:NSU) said Tuesday that Zijin Mining had received approval from Chinese and Canadian authorities for its proposed friendly $1.41 billion-takeover bid of the Vancouver-based miner.Both the go-ahead granted by China's State Administration of Foreign Exchange (SAFE) and the support by the Canadian Investment Canada Act (ICA), said Nevsun, were the final regulat...Read More
* China-U.S. trade tension rises ahead of G20 meeting * SPDR Gold Trust holdings rose on Monday (Updates prices)By Sumita LayekBENGALURU, Nov 20 (Reuters) - Gold firmed near a two-weekpeak on Tuesday, as a slide in stock markets offset an uptick inthe dollar, with the metal holding a tight range in light tradeahead of the U.S. Thanksgiving holiday.Spot gold rose 0.1 percent to $1,225.56 per ounce...Read More
LONDON, Nov 20 (Reuters) - Global primary aluminium output rose to 5.414 million tonnes in October from 5.301 million tonnes in September, data from the International Aluminium Institute (IAI) showed on Tuesday.Estimated Chinese production rose to 3.05 million tonnes in October from 3.01 million tonnes in September, it added.Keywords: IAI PRODUCTION Disclaimer: The views expressed in this article...Read More