Recent News

Barrick-Randgold deal breathes new life into gold

October 08, 2018 / www.mining.com

Despite having a rough summer, with a number of factors pushing gold below $1,200 an ounce (the high dollar, US economic growth, interest rate hikes, booming stock markets), the precious metal appears to be back in favor, with December gold futures closing last Tuesday's trading at $1,207 an ounce – a two-week high.In 10 minutes, Bloomberg reported, December gold contracts equal to 1.57 mill...Read More

RT @cleantechnica: Top 3 Automakers & Their Electric Vehicle Plans

October 08, 2018 / cleantechnica.com

There's a small secret here on CleanTechnica: We ?(TM)? Tesla. Tesla is pushing transportation into a clean, zero-emission, electric future more than any other company. Nonetheless, we also need leadership from large automakers that weren't born electric. Globally, approximately 96 million passenger vehicles are sold a year. In the US alone, the figure is 17 million or moreRead full new...Read More

European shares slides to 6-month low on China, Italy worries

October 08, 2018 / www.kitco.com

LONDON/MILAN (Reuters) - European shares fell on Monday as fears a trade war could have a bigger impact than expected on China added to concerns that rising U.S. interest rates are gradually making stock markets less attractive for investors.A mounting clash between Rome and Brussels over the Italian government’s spending plans also soured the mood.“The re-emergence of the Italy/EU bud...Read More

RT @NorthmanTrader: Buy the extinction dip

October 08, 2018 / twitter.com

"UN report: World on path to catastrophic climate change by 2030 https://t.co/9z079POWIF"Read full newsRead More

Swiss bank UBS on trial in France over alleged tax fraud

October 08, 2018 / www.kitco.com

PARIS (Reuters) - Swiss bank UBS Group AG (UBSG.S), its French unit and six executives faced charges of aggravated tax fraud and money laundering on Monday, the first day of a trial into allegations they helped wealthy clients avoid taxes in France.After seven years of investigation and aborted settlement negotiations, UBS will also answer allegations that it illegally solicited clients in France....Read More

EU's Sefcovic warns fellow easterners on laws, EU funds

October 08, 2018 / www.kitco.com

BRUSSELS (Reuters) - Governments in ex-communist states will face growing budgetary pressure from Brussels if they fail to respect rules on judicial independence, the Slovak commissioner who is running to head the EU executive said on Monday.Maros Sefcovic, the vice president for energy who is bidding to be the center-left candidate to replace European Commission President Jean-Claude Juncker next...Read More

Gold, Silver Prices Pounded By Strong Dollar, China Worries

October 08, 2018 / www.kitco.com

(Kitco News) - Gold andsilver prices aresolidly lower in early-afternoon U.S. trading Monday, and close to their dailylows. The safe-haven metals did not get any benefit from an uptick in riskaversion to start the trading week today. Instead, both are being pressured bya strong U.S. dollar on the foreign exchange market, and worries about preciousmetals demand coming out of China. December gold fu...Read More

Gold, Silver Prices Pounded By Strong Dollar, China Worries

October 08, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices are solidly lower in early-afternoon U.S. trading Monday, and close to their daily lows. The safe-haven metals did not get any benefit from an uptick in risk aversion to start the trading week today. Instead, both are being pressured by a strong U.S. dollar on the foreign exchange market, and worries about precious metals demand coming out of China. December g...Read More

Our 2018 World Risk report is now live! The detailed analysis gives investors a clear insight into the risks facing...

October 08, 2018 / twitter.com

"Our 2018 World Risk report is now live! The detailed analysis gives investors a clear insight into the risks facing miners around the world | https://t.co/0tTtfVOxlK #risk #mining #TSX #ASX #LSE"Read full newsRead More

Citron: This Weed Stock Could Double

October 08, 2018 / www.schaeffersresearch.com

Options traders are bullish on the stock, tooThe shares of Pyxus International Inc (NYSE:PYX) are surging today, after Citron Research said it would not short the weed stock. In a tweet, the noted short seller said, "The stock could double from here as long as investors are Cannabis crazy." This is a far cry from Citron's take on Cronos Group (CRON), and has PYX stock up 32.2% at $37.26 -- fresh o...Read More

Wall Street tracks global stocks lower on China growth fears, high yields

October 08, 2018 / www.kitco.com

(Reuters) - Wall Street fell for a third straight day on Monday, mirroring global stocks, amid growing unease over effects of the Sino-U.S. trade war on global growth and with Treasury yields at multi-year highs.Beijing announced a steep cut in the level of cash that banks must hold as reserves, aimed at lowering financing costs and spurring growth amid the trade spat. Still, China stocks slid and...Read More

Company receives water permit for Black Hills gold drilling

October 08, 2018 / dlvr.it

RAPID CITY (AP) - South Dakota's Water Management Board has approved a temporary water permit for an exploratory gold drilling project in the Black Hills despite opposition from Native American tribal officials and environmental groups.Read full newsRead More

Like Mining Gold, Extracting Data Value Takes Effort

October 08, 2018 / dlvr.it

Data is the new gold. It's the mantra you often hear these days. Or sometimes it's the new oil. Data is undoubtedly a valuable resource, and once extracted it can become the raw material of other products. But as with gold or oil, locating the resource is just the beginning.Read full newsRead More

UPDATE 1-Gold miner Centamin cuts annual output target for second time

October 08, 2018 / dlvr.it

(Adds details on forecast, background)Read full newsRead More

CENTAR Announces Signing of Historic Afghan Gold and Copper Mining Agreements

October 08, 2018 / dlvr.it

CENTAR Limited, the mining and exploration investment company, and its operating company Afghan Gold and Minerals Company (AGMC), today announced theyRead full newsRead More

Rainforest-friendly livelihoods can be more lucrative than gold mining

October 08, 2018 / dlvr.it

There is a widespread myth that small-scale and informal gold mining is the most lucrative livelihood for local and migrant communities in the Peruvian Amazon, and illegal mining is increasing every day. While many people are trying to make a living from mining, thoseRead full newsRead More

Metallic Minerals Signs New Production Royalty Agreement on Two Additional Areas on its Australia Creek Holdings wi...

October 08, 2018 / twitter.com

"Metallic Minerals Signs New Production Royalty Agreement on Two Additional Areas on its Australia Creek Holdings within the Klondike Gold District https://t.co/FaAdGLHUaP"Read full newsRead More

Tehran says Saudi Arabia unable to replace lost Iranian oil

October 08, 2018 / www.kitco.com

DUBAI (Reuters) - Iran’s Oil Minister Bijan Zanganeh has dismissed as “nonsense” claims by the Saudi crown prince that Saudi Arabia can replace sanctions-hit Iranian oil in the market.“(Mohammed) bin Salman’s remarks and such bragging can only satisfy (U.S. President Donald) Trump. No one else will believe him. Iran’s oil cannot be replaced by Saudi Arabia nor a...Read More

U.S. Treasury still concerned about yuan depreciation: official

October 08, 2018 / www.kitco.com

NUSA DUA, Indonesia (Reuters) - The United States remains concerned about China’s recent currency depreciation, a senior Treasury official said on Monday, adding that it was unclear whether Treasury Secretary Steven Mnuchin would meet with any Chinese officials at the International Monetary Fund and World Bank meetings this week.“On Chinese currency, of course, we continue to closely m...Read More

Turkey asks to search Saudi consulate for journalist

October 08, 2018 / www.kitco.com

ANKARA (Reuters) - Turkey has asked for permission to search Saudi Arabia’s consulate in Istanbul after Saudi journalist Jamal Khashoggi went missing last week following his entrance to the mission, broadcaster NTV said on Monday.Turkish officials told Reuters over the weekend that they believed Khashoggi had been killed inside the consulate, and President Tayyip Erdogan said he was closely...Read More

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