Mike de Wit, president and chief operating officer of Tsodilo Resources (CVE:TSD), updates Proactive's Andrew Scott on progress at their BK16 kimberlite project in Botswana.He says they've done a geological study of the kimberlite pipe and have undertaken a bulk sampling programme on the property.Treatment of the samples began in January and they're now about 80% complete. Meet ANGLE plc, Fa...Read More
The president tweeted about Amazon this morningStocks look ready to close the shortened week on a positive note, with Dow Jones Industrial Futures (DJI) futures trading above fair value this morning. Maybe more importantly, Nasdaq-100 (NDX) futures are also indicating a positive open, as tech heavyweight Facebook (FB) is pointed higher after the company cut ties with a number of data brokers.Amazo...Read More
Mr. Jean Martineau reports DYNACOR ENDS 2017 SURPASSING US $100 M IN SALES AND REPORTS A NET INCOME OF US$ 3.8 M Dynacor Gold Mines Inc. has released its audited consolidated financial statements and the management's discussion and analysis (MD&A) for the year ended Dec. 31, 2017. These documents have been filed electronically with SEDAR and will be available on the corporation's website. All...Read More
Mr. Jean Martineau reports DYNACOR ENDS 2017 SURPASSING US $100 M IN SALES AND REPORTS A NET INCOME OF US$ 3.8 M Dynacor Gold Mines Inc. has released its audited consolidated financial statements and the management's discussion and analysis (MD&A) for the year ended Dec. 31, 2017. These documents have been filed electronically with SEDAR and will be available on the corporation's website. All...Read More
(Kitco News)- In its continued bid to bringinnovation to the precious-metals sector, one of the world’s biggest goldminers has embraced a new blockchain-based digital marketplace.Goldcorp (NYSE: GG, TSX: G) announced Thursday thatit placed 3,000 ounces of gold, valued at $4 million, in Tradewind Inc.'s newlylaunched digital market, VaultChain. Tradewind described the investment as the“...Read More
(Kitco News) - In its continued bid to bring innovation to the precious-metals sector, one of the world’s biggest gold miners has embraced a new blockchain-based digital marketplace.Goldcorp (NYSE: GG, TSX: G) announced Thursday that it placed 3,000 ounces of gold, valued at $4 million, in Tradewind Inc.'s newly launched digital market, VaultChain. Tradewind described the investment as the &...Read More
(Kitco News)- The gold market remains on the back foot despite the releaseof in-line inflation data, whiched showed a rising consumer price pressures.Thursday, The U.S. Department of Commerce said that Personal Consumption Expenditures (PCE) Index, 0.2% in February, in line with expectations. For the year, the data showed that inflation increased by 1.8%. This is the first annual rise in inflation...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News)- Goldprices did not move much after a Labor Department report showed that initialweekly U.S. jobless claims fell by 12,000 to a seasonally adjusted 45-yearlow of 215,000 in the week to Saturday.Thegovernment said this is the lowest level for initial claims since Jan. 27,1973, when it was 214,000. Consensusexpecta...Read More
(Kitco News)- Gold prices continue to be hemmed in a relatively tightrange. Earlier in the week, we suggested that gold's momentum, after the Fedrate increase last week, had the potential to break the metal to the upside butthat further dollar weakness would be necessary to break the key $1,357 level.Technical traders sold heavily at resistance, as the dollar staged a reversaland some fundamental...Read More
(Kitco News) - Gold prices continue to be hemmed in a relatively tight range. Earlier in the week, we suggested that gold's momentum, after the Fed rate increase last week, had the potential to break the metal to the upside but that further dollar weakness would be necessary to break the key $1,357 level. Technical traders sold heavily at resistance, as the dollar staged a reversal and some fundam...Read More
U.S. Income Gain Outpaces Spending in February U.S. filings for unemployment benefitsunexpectedly fell last week to the lowest level since January1973, further evidence that the labor market remains tight,Labor Department figures showed Thursday.Highlights of Jobless Claims (Week ended March 24)Jobless claims decreased by 12k to 215k (est. 230k)Continuing claims rose by 35k to 1.87m in week ended...Read More
U.S. Income Gain Outpaces Spending in FebruaryConsumer spending lagged behind income growth for a second month in February, showing American households were taking a breather after a late-2017 surge. Inflation, meanwhile, ticked up.Purchases, which account for about 70 percent of the economy, rose 0.2 percent after a similar advance at the start of the year, Commerce Department figures showed Thur...Read More
(Kitco News) - Gold pricesare slightly higher in early U.S. trading Thursday, as the market has pausedfrom this week’s selling pressure. Gold and silver traders are still on thedefensive, as their chart postures have deteriorated a bit this week. April Comex gold futures were last up $1.30 an ounce at $1,325.50. May Comex silver was last up $0.002 at $16.255 an ounce.Worldstock markets were...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
The roller-coaster ride for gold and silver continues. After last week's big rally, this week's sell-off hastaken away most of those gains. The action, although painful, is no surprisebased on the pattern that the metals are in.Gold at $1,300 and silver at $16 arecertainly in play here. The failure to take out the top end of the range bringspressure on the metals, increasing the odds that the bott...Read More
By Oliver GriffinGlencore PLC (GLEN.LN) said on Thursday that it raised $9.09 billion to refinance its short-term revolving credit facilities, effective from May 24. The Anglo-Swiss miner and commodities trader said that facilities were initially launched at $6 billion but were significantly oversubscribed, raising $9.70 billion, and added that the stronger commodity price environment is what all...Read More
Miners operating in the Democratic Republic of Congo submitted Thursday a new proposal for the government related to the recently passed new mining code, which substantially increases the cost of doing business in the central African nation.The likes of Glencore, Randgold, Zijin, China Molybdenum and Ivanhoe, among others, are suggesting a sliding scale of royalty rates for key commodities instead...Read More
Miners operating in the Democratic Republic of Congo submitted Thursday a new proposal for the government related to the recently passed new mining code, which substantially increases the cost of doing business in the central African nation.The likes of Glencore, Randgold, Zijin, China Molybdenum and Ivanhoe, among others, are suggesting a sliding scale of royalty rates for key commodities instead...Read More
Miners operating in the Democratic Republic of Congo submitted Thursday a new proposal for the government related to the recently passed new mining code, which substantially increases the cost of doing business in the central African nation.The likes of Glencore, Randgold, Zijin, China Molybdenum and Ivanhoe, among others, are suggesting a sliding scale of royalty rates for key commodities instead...Read More