Germany-based fertilizer producer K+S AG (FRA:SDF1) has revised down its full-year earnings guidance after a severe drought hit production at its main mine network in the third quarter.The miner now expects earnings before interest, taxes, depreciation and amortization (EBITDA) to come at between 570 and 630 million euros, compared to the 660 to 740 million euros previously forecast."The extr...Read More
Germany-based fertilizer producer K+S AG (FRA:SDF1) has revised down its full-year earnings guidance after a severe drought hit production at its main mine network in the third quarter.The miner now expects earnings before interest, taxes, depreciation and amortization (EBITDA) to come at between 570 and 630 million euros, compared to the 660 to 740 million euros previously forecast."The extr...Read More
Mr. Nolan Watson reportsSANDSTORM GOLD ROYALTIES BOARD APPROVES SHARE BUYBACK OF UP TO 18.3 MILLION SHARESSandstorm Gold Ltd.'s board of directors has approved the purchase of up to 18.3 million of its common shares, between now and the end of 2019, subject to Toronto Stock Exchange approval. The 18.3 million shares represent approximately 10 per cent of Sandstorm's current shares outstanding and...Read More
Mr. Nolan Watson reportsSANDSTORM GOLD ROYALTIES BOARD APPROVES SHARE BUYBACK OF UP TO 18.3 MILLION SHARESSandstorm Gold Ltd.'s board of directors has approved the purchase of up to 18.3 million of its common shares, between now and the end of 2019, subject to Toronto Stock Exchange approval. The 18.3 million shares represent approximately 10 per cent of Sandstorm's current shares outstanding and...Read More
Royalty company Sandstorm Gold Ltd. (NYSE American: SAND, TSX: SSL) announcesthat its board of directors has approved the purchase of up to 18.3 commonshares by the end of 2019, subject to approval by the Toronto StockExchange. This would represent approximately 10% of Sandstorm’s current sharesoutstanding. The news comes one day after Sandstorm says net income fell to$2.1 million in th...Read More
(Kitco News)- The gold market continues to hug critical psychologicalsupport above $1,200, following stronger-than-expected retail sales figureslast month.Thursday, U.S. retail sales rose 0.8% in October, followinga revised 0.1% decline in September, according to the latest data from the U.S. Commerce Department.Economists were expecting to see a 0.6% rise in the headline number. For the year, sal...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
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
Vancouver-based Silver Range Resources (TSX-V:SNG) announced today that it has optioned its Gold Chief property in Nevada to CrocanCapital Corp.Crocan is interested in acquiring a 100% interest in the project. To do so, the firm would have to provide aggregate cash payments of $160,000 and aggregate issuances of 650,000 Crocan shares by November 2, 2021.Under the terms of the agreement, Silver Ran...Read More
Vancouver-based Silver Range Resources (TSX-V:SNG) announced today that it has optioned its Gold Chief property in Nevada to CrocanCapital Corp.Crocan is interested in acquiring a 100% interest in the project. To do so, the firm would have to provide aggregate cash payments of $160,000 and aggregate issuances of 650,000 Crocan shares by November 2, 2021.Under the terms of the agreement, Silver Ran...Read More
Vancouver-based Silver Range Resources (TSX-V:SNG) announced today that it has optioned its Gold Chief property in Nevada to CrocanCapital Corp.Crocan is interested in acquiring a 100% interest in the project. To do so, the firm would have to provide aggregate cash payments of $160,000 and aggregate issuances of 650,000 Crocan shares by November 2, 2021.Under the terms of the agreement, Silver Ran...Read More
Mr. Ralph Shearing reportsTELSON RETAINS GLENCORE TECHNOLOGY FOR ALBION PROCESS TESTINGTelson Mining Corp. has retained Glencore Technology to conduct Albion Process leach testing of newly processed flotation tailings and historic tailings to increase recoveries of gold and silver, plus zinc flotation testing focused on Jameson Cell technologyto increase zinc recoveries and zinc concentrate grade...Read More
Mr. Ralph Shearing reportsTELSON RETAINS GLENCORE TECHNOLOGY FOR ALBION PROCESS TESTINGTelson Mining Corp. has retained Glencore Technology to conduct Albion Process leach testing of newly processed flotation tailings and historic tailings to increase recoveries of gold and silver, plus zinc flotation testing focused on Jameson Cell technologyto increase zinc recoveries and zinc concentrate grade...Read More
Vancouver-based Zinc One Resources (TSXV: Z) announced today that following a drill program at unreported holes in the Mina Grande Centro zone of the Bongar?? Zinc Mine in north-central Peru, the northern and western perimeters of mineralization previously mined were delineated.In a statement, Zinc One said 24.1% zinc was intercepted over a length of 28 metres.Mina Grande Centro is part of one of...Read More
* LME zinc stocks at lowest in a decade * Shanghai zinc stocks near decade lows* Aluminium hits lowest since last August (Adds closing prices, details)By Maytaal AngelLONDON, Nov 15 (Reuters) - Zinc rallied on Thursday,supported by sliding stockpiles and signs China may be takingsteps to de-escalate its trade dispute with the United States.London Metal Exchange (LME) zinc stocks fellto a decade lo...Read More
* Silver moves up from multi-year lows of previous session * Further gains likely if gold holds above $1,210 - analyst (Updates prices and adds comments)By Sumita LayekBENGALURU, Nov 15 (Reuters) - Gold held steady on Thursdayas opposition within Britain's Conservative Party to a draft EUexit deal hit sterling and lifted the dollar,making bullion less attractive for holders of other currencies.Spo...Read More
Gold hit lows in mid-August, and the recovery seems to be failing.The dollar is a bullish beast.Interest rates are rising, and other commodities are falling.Risk-off threatens the prices of all assets.DUST can turn to gold if December 2018 turns out to be the fourth consecutive year of a low.Gold was trading around its $1200 per ounce pivot point on the active month December futures contract on CO...Read More
Gold three-month 25 delta risk reversals (XAU1MRR) flipped to gold puts (bearish bets) for the first time since Oct. 10. It is currently trading at -0.125 in favor of gold puts as opposed to 0.875 in gold calls on Nov. 6. The investor sentiment has clearly turned bearish in the last eight days, adding credence to the drop in the metal's price from $1,236 to $1,200. At press time, the yellow me...Read More
Botswana Diamonds (LON:BOD) has bought Russian diamond miner Alrosa's 50% stake in their Sunland Minerals joint venture (JV) and the company said it is close to bringing a new partner into the project.In a statement, the company described the unnamed new investor as "a large diamond producer with new ideas and keen to find new kimberlites in Botswana," adding that the potential new partner will ac...Read More
Botswana Diamonds (LON:BOD) has bought Russian diamond miner Alrosa's 50% stake in their Sunland Minerals joint venture (JV) and the company said it is close to bringing a new partner into the project.In a statement, the company described the unnamed new investor as "a large diamond producer with new ideas and keen to find new kimberlites in Botswana," adding that the potential new partner will ac...Read More