Recent News

Sandvik Q3 profit narrowly beats forecast

October 23, 2018 / www.mining.com

Swedish engineering firm Sandvik reported quarterly core earnings marginally ahead of market expectations on Tuesday and said order intake had improved significantly across all business areas.Third-quarter adjusted operating earnings at the maker of metal-cutting tools and mining gear rose to 4.59 billion Swedish crowns ($510 million) from 3.34 billion crowns a year ago, beating a 4.52 billion cro...Read More

Stocks Set to Sell Off After Dow Earnings

October 23, 2018 / www.schaeffersresearch.com

It's shaping up to be an ugly day for stocks as tariffs take a toll on Caterpillar earningsDow Jones Industrial Average (DJI) futures are pointing to a major sell-off, as traders react to a heavy round of blue-chip earnings. Most notably, shares of 3M (MMM) and Caterpillar (CAT) are set for sharp losses at the open, with 3M's results negatively affected by foreign currency impacts and Caterpillar...Read More

Minaurum Gold samples up to 1,205 g/t Ag at Alamos

October 23, 2018 / www.stockwatch.com

Mr. Darrell Rader reportsMINAURUM SAMPLES UP TO 1205 G/T SILVER AND 3.2% COPPER ON NEWLY DISCOVERED EUROPA SUR VEIN EXTENSIONMinaurum Gold Inc. has acquired the 311-hectare Claraboya concession located in the western part of its 100-per-cent-owned Alamos silver project in Sonora, Mexico.Claraboya hosts the newly discovered southern extension of the Europa-Guadalupe vein system named "Europa Sur" a...Read More

Minaurum Gold samples up to 1,205 g/t Ag at Alamos

October 23, 2018 / www.stockwatch.com

Mr. Darrell Rader reportsMINAURUM SAMPLES UP TO 1205 G/T SILVER AND 3.2% COPPER ON NEWLY DISCOVERED EUROPA SUR VEIN EXTENSIONMinaurum Gold Inc. has acquired the 311-hectare Claraboya concession located in the western part of its 100-per-cent-owned Alamos silver project in Sonora, Mexico.Claraboya hosts the newly discovered southern extension of the Europa-Guadalupe vein system named "Europa Sur" a...Read More

Saudi signs deals worth $50 billion in oil, gas and infrastructure

October 23, 2018 / www.kitco.com

RIYADH (Reuters) - Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said.Details were announced at the Future Investment Initiative, held in Riyadh in the face of boycotts by Western political figures, international bankers and executives that were prompted by the killing of journal...Read More

Suspected explosive device found at George Soros' New York home

October 23, 2018 / www.kitco.com

(Reuters) - A package containing what appeared to be an explosive device was found in a mail box outside the New York residence of billionaire financier George Soros on Monday, police said.Soros, one of the world’s biggest donors to liberal groups and causes, has become a hate figure for right-wing campaigners in the United States and eastern Europe, and the target of a hostile media campaig...Read More

U.S. judge affirms Monsanto weed-killer verdict, slashes damages

October 23, 2018 / www.kitco.com

(Reuters) - A U.S. judge on Monday affirmed a verdict against Bayer AG unit Monsanto that found its glyphosate-based weed-killers responsible for a man’s terminal cancer, sending the German company’s shares down 8 percent.In a ruling by San Francisco’s Superior Court of California, Judge Suzanne Bolanos said she would slash the punitive damages award to $39 million from $250 mill...Read More

B2Gold: Study Suggests Longer Mine Life At El Limon

October 23, 2018 / www.kitco.com

B2Gold Corp.(TSX: BTO, NYSE American: BTG, NSX: B2G) says an expansion study points to alonger life for the El Limon Mine in Nicaragua, and the company also renewed atwo-year collective bargaining agreement with labor unions. The study evaluatedthe life-of-mine options for combining the remaining underground inferred mineralresources with the new El Limon central zone open-pit inferred mineralreso...Read More

B2Gold: Study Suggests Longer Mine Life At El Limon

October 23, 2018 / www.kitco.com

B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) says an expansion study points to a longer life for the El Limon Mine in Nicaragua, and the company also renewed a two-year collective bargaining agreement with labor unions. The study evaluated the life-of-mine options for combining the remaining underground inferred mineral resources with the new El Limon central zone open-pit inferred minera...Read More

U.S. warships pass through Taiwan Strait amid China tensions

October 23, 2018 / www.kitco.com

Yimou Lee, Idrees Ali, Phil StewartTAIPEI/WASHINGTON (Reuters) - The United States sent two warships through the Taiwan Strait on Monday in the second such operation this year, as the U.S. military increases the frequency of transits through the strategic waterway despite opposition from China.The voyage risks further heightening tensions with China but will likely be viewed in self-ruled Taiwan a...Read More

Trump's missile treaty pullout could escalate tension with China

October 23, 2018 / www.kitco.com

WASHINGTON (Reuters) - A U.S. withdrawal from a Cold War-era nuclear arms treaty with Russia could give the Pentagon new options to counter Chinese missile advances but experts warn the ensuing arms race could greatly escalate tensions in the Asia-Pacific.U.S. officials have been warning for years that the United States was being put at a disadvantage by China’s development of increasingly s...Read More

Biting Bears Sink World Shares To 1-Year Low

October 23, 2018 / www.kitco.com

Marc JonesLONDON (Reuters) - World shares slid towards their lowest level in a year on Tuesday, as negative drivers from fatigued earnings and Saudi Arabia’s diplomatic isolation to a brewing spat over Italy’s finances piled on the pressure.Wall Street looked set to for another jolt lower when it reopens [.N] but it was heavy selloffs in both Asia and Europe [.SS][.T], which was headin...Read More

Fight against gold mine turned Thai village into 'war zone'

October 23, 2018 / www.kitco.com

NA NONG BONG, Thailand (Thomson Reuters Foundation) - They came in the night - about 150 men wearing masks and wielding sticks, knives and guns who swarmed the village of Na Nong Bong in Thailand’s northeastern province of Loei, firing into the air while threatening and beating residents.For several hours, villagers cowered in terror, fearing for their lives as the armed men subdued them and...Read More

Turkey Demands To Know Who Ordered 'Savage' Khashoggi Killing

October 23, 2018 / www.kitco.com

ANKARA (Reuters) - Turkish President Tayyip Erdogan on Tuesday dismissed attempts by Riyadh to blame Jamal Khashoggi’s “savage” killing on rogue operatives, saying the person who ordered the death of the prominent Saudi journalist must “be brought to account”.In a speech to parliament about a case that has sparked outrage around the globe, Erdogan did not mention Crow...Read More

Arianne Phosphate halted at 5:23 a.m. PT

October 23, 2018 / www.stockwatch.com

Arianne Phosphate Inc. has been halted at 5:23 a.m. PT on Oct. 23, 2018, at the company's request, pending news.© 2018 Canjex Publishing Ltd. All rights reserved.Read More

Arianne Phosphate halted at 5:23 a.m. PT

October 23, 2018 / www.stockwatch.com

Arianne Phosphate Inc. has been halted at 5:23 a.m. PT on Oct. 23, 2018, at the company's request, pending news.© 2018 Canjex Publishing Ltd. All rights reserved.Read More

Hecla 3Q Silver Output Declines But Meets Expectations

October 23, 2018 / www.kitco.com

(Kitco News)- Hecla Mining Co. (NYSE:HL) met its expectations for third-quarter output of 2.5 million silver ouncesand 72,995 gold ounces, the company said Tuesday.The preliminaryconsolidated silver output was a 24% decline from the same period of 2017, withoutput at the Greens Creek Mine falling by 467,899 ounces, which the companyblamed on lower ore grades and milled tonnage asa result of mine...Read More

U.S. Mint Report Points to Trouble

October 23, 2018 / www.schaeffersresearch.com

The bull market could be nearing its end, and a new panic is approaching.The U.S. Mint just issued a troubling report.It appears that sales of physical gold and silver are in full collapse.At the Mint, U.S. Gold Eagle coins sold through August have dropped 18% compared to last year.And sales of U.S. Silver Eagle coins fell a whopping 32.6% in August 2018 compared to August 2017.What exactly is go...Read More

Hecla 3Q Silver Output Declines But Meets Expectations

October 23, 2018 / www.kitco.com

(Kitco News) - Hecla Mining Co. (NYSE: HL) met its expectations for third-quarter output of 2.5 million silver ounces and 72,995 gold ounces, the company said Tuesday.The preliminary consolidated silver output was a 24% decline from the same period of 2017, with output at the Greens Creek Mine falling by 467,899 ounces, which the company blamed on lower ore grades and milled tonnage as a result o...Read More

Gold Prices Power To 3-Mo. High On Safe-Haven Demand

October 23, 2018 / www.kitco.com

(Kitco News) - Gold prices aresolidly higher and have hit a nearly three-month high in early U.S. tradingTuesday, boosted by safe-haven demand amid keener geopolitical uncertainty inthe marketplace. December gold futures were last up $17.20 an ounce at $1,241.70.December Comex silver was last up $0.223 at $14.805 an ounce. Buckleyour seat belts today, folks. Global stock markets were mostly lower...Read More

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