Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) may soon make a decision about whether or not to restart operations at its La Coipa gold and silver mine in northern Chile, as it expects to receive the remaining permits to resume mining by July.Operations at La Coipa mine, located in Chile's Atacama Region, were halted in 2013, when the targeted orebody run out of riches. But the results of a pre-f...Read More

Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) may soon make a decision about whether or not to restart operations at its La Coipa gold and silver mine in northern Chile, as it expects to receive the remaining permits to resume mining by July.Operations at La Coipa mine, located in Chile's Atacama Region, were halted in 2013, when the targeted orebody run out of riches. But the results of a pre-f...Read More

Iamgold Corp.(TSX: IMG; NYSE: IAG)lists an initial resource estimate for the Monster Lake project in Quebecshowing 1,109,700 tonnes of inferred resources averaging 12.14 grams of goldper tonne, resulting in 433,300 ounces of gold. Iamgold has a 50% interest,while TomaGold Corp. has 45% and Quinto Resources Inc. has 5%. However, Iamgoldhas an earn-in option to increase its stake. "This initial...Read More

ZURICH (Reuters) - Swiss National Bank Governing Board member Andrea Maechler has given another hint that the central bank will stick with its expansive monetary policy, saying low Swiss inflation gave little reason for it to change direction.Maechler warned against raising interest rates too early, a move she said could be counterproductive for inflation and the overall Swiss economy.“If we...Read More

The man was digging a toilet in his backyard when his shovel struck a shimmering blue vein of cobalt.At least that's the legend in Kolwezi. Once a few locals discovered the metal underfoot five years ago, everyone grabbed hand shovels and pickaxes; they tunneled beneath homes, schools and churches. And that's how a working-class neighborhood, located on the edges of a densely populated city of hal...Read More

Lastweek’s great rally in gold is just a memory as gold heads back down to itssupport level. The excitement from gold heading higher every day last week hasnow turned into the fear that it may go back to the lower end of the range.Goldwas lower on Tuesday and is lower again overnight into Wednesday morning. Thecongestion period is always the toughest for traders, as the markets have a lotof...Read More

BAGHDAD (Reuters) - OPEC is seeking “very long-term” cooperation with other crude exporters, the secretary general of the oil exporting group said on Wednesday.Mohammad Barkindo was commenting on news that top OPEC producer Saudi Arabia and non-OPEC Russia were working on a long-term pact that could extend controls over world crude supplies by major exporters for up to 20 years.Saudi C...Read More

BEIJING (Reuters) - China's President Xi Jinping and other top officials met to discuss and approve new regulation for the country's asset management sector, state radio reported on Wednesday.The radio report said the officials said new rules should offer unified standards for regulatory oversight and offer equal market access and supervision but did not offer further details, including what the n...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

(Kitco News)- Gold pricesremain under pressure, falling to near session lows after the U.S. economy grewmore than expected in fourth quarter, according to the latest data from the Commerce Department.Wednesday,the third and final reading of fourth quarter gross domestic product showed thatthe U.S. economy grew by 2.9%, up from the previous estimate of 2.5%. The data beatexpectations as consensus f...Read More

Simon Fuller, chief financial officer of McColl's Retail Group (LON:MCLS) tells Proactive's Andrew Scott the future for them lies in being a bigger fresh food business''The big transformation for us now is to go from what was originally a newsagent business to a convenience business and now to a food business''.''That's really the next stage of our evolution''.Fuller adds: ''We're in a growing par...Read More

(Reuters) - Canada's BlackBerry Ltd beat adjusted profit estimates for the fourteenth straight quarter, helped by higher margins on software and services sales.The company, which reinvented itself after customers ditched its smartphones for Apple's iPhones and Android devices, said revenue from its enterprise software and services business came in at $108 million, up from $91 million last year.Gro...Read More

Julian Treger, chief executive of Anglo Pacific Group plc (LON:APF), tells Proactive 2017 was a record year for them with royalty income of ?37.4 mln and total income of ?42.4 mln.Treger says the strong performance was achieved through a combination of higher commodity prices as well as a significant increase in mining from within their private royalty area at Kestrel.  Meet ANGLE plc, Faro...Read More

BEIJING (Reuters) - China will lower the value-added tax rate on the manufacturing, transportation, construction, telecommunication and agricultural sectors from May 1, state media reported, citing a meeting of the State Council, or cabinet, on Wednesday.The cuts are expected to save 240 billion yuan in taxes this year, said the report.Tax cuts for the manufacturing and transportation sector were...Read More

U.S. Economic Growth Revised Higher to 2.9% in 4QThe U.S. economy grew in the fourth quarter at a faster pace than last estimated, helped by an upward revision to household spending on services and a smaller drag from inventories, according to Commerce Department data released Wednesday.Highlights of Fourth-Quarter GDP (Third Estimate)Gross domestic product grew at a 2.9% annualized rate, (est. 2....Read More

LONDON (Reuters) - The euro held near a six-week high on Wednesday as investors turned more optimistic about the outlook for global markets in the second quarter, with relatively higher-yielding currencies such as the Australian dollar well supported.Carry trades were back in favor as traders renewed their appetite for leveraged bets via borrowing in low yielding currencies such as the Japanese ye...Read More

(Reuters) - Facebook Inc (FB.O) is giving users more control over their privacy by making data management easier and redesigning the settings menu, the company said on Wednesday, in the wake of a scandal over a breach that exposed the personal information of millions and was allegedly used by a political consultancy.The company also said it would propose in the coming weeks updates to the social m...Read More

BEIJING/SEOUL (Reuters) - North Korean leader Kim Jong Un pledged his commitment to denuclearization and to meet U.S. officials, China said on Wednesday after his meeting with President Xi Jinping, who promised China would uphold friendship with its isolated neighbor.After two days of speculation, China and North Korea both confirmed that Kim had traveled to Beijing and met Xi during what China ca...Read More

NYATIKE, Kenya (Thomson Reuters Foundation) - Scorching sun beats down on half a dozen women as they carry large sacks of crushed ore on their backs at the Osiri-Matanda gold mine near Kenya’s border with Tanzania.On wooden tables, they sieve the powdered ore into metal pans, add mercury, and heat the mixture over a charcoal fire. The air fills with fumes as the liquid metal evaporates - lea...Read More

NEW DELHI (Reuters) - India has asked the United States to exempt it from higher tariffs on steel and aluminum, saying Indian exports of the two products did not pose a security threat to America, three government officials said.Last week, U.S. President Donald Trump suspended tariffs for Argentina, Australia, Brazil, South Korea, Canada, Mexico and the European Union, the biggest U.S. trading par...Read More