Wallbridge Mining Company Limited (TSX:WM, FWB:WC7) ('Wallbridge') is pleased to announce that it will be participating in the PDAC International Convention on March 4-7, 2018 at Booth #2442 in the Investors Exchange. The conference is being hosted at the Metro Toronto Convention Centre in Toronto, Canada.Read full newsRead More
* Dow Jones Industrial Average falls 422 points on tariffsnews* Interest rate worries keeps investors nervous* U.S. yield curve steepens after Fed chief comments* Oil slides on worries about crude supply, U.S. dollarBy Herbert LashNEW YORK, March 1 (Reuters) - Stocks tumbled on Wall Streetwhile the U.S. dollar fell on Thursday after President DonaldTrump said the United States would impose tariffs...Read More
CME GOLD DEPOSITORY STATISTICS GOLD Report Date:01 MAR 2018Troy Ounce Activity Date:28FEB18 DEPOSITORY PREV TOTALRECEIVEDWITHDRAWNET CH.ADJUST.TOTAL TODAYBRINK'S, INC. Registered130779 788 0788 0 131568Eligible218623 0 00 0 218623Total*349403 788 0788 0 350191DELAWARE DEPOSITORY Registered 22719 0 00-14698 8020Eligible 88881 0 00 14698 103580Total 111600 0 00 0 111600HSBC BANK, USARegistered 86137...Read More
Jonathan Spicer, Jennifer AblanNEW YORK (Reuters) - Richard Clarida, an economist at fund manager Pimco, has emerged as a front-runner to become the Federal Reserve’s next vice chair, according to two people familiar with the effort to fill the depleted upper ranks of the U.S. central bank.The White House has interviewed Clarida, seen by Republicans as a safe pair of hands, and at least thre...Read More
Vancouver-based Darien Resource Development (TSXV: DRR), which will soon change its name to New Energy Metals Corp., announced today that has entered into an agreement with Artemis Mining to acquire a 100% interest in the Cristal project located in northern Chile. In detail, the mining site is located along the West Fissure, near the border with Peru, which hosts to the majority of Chile's large p...Read More
Vancouver-based Darien Resource Development (TSXV: DRR), which will soon change its name to New Energy Metals Corp., announced today that has entered into an agreement with Artemis Mining to acquire a 100% interest in the Cristal project located in northern Chile. In detail, the mining site is located along the West Fissure, near the border with Peru, which hosts to the majority of Chile's large p...Read More
Vancouver-based Darien Resource Development (TSXV: DRR), which will soon change its name to New Energy Metals Corp., announced today that has entered into an agreement with Artemis Mining to acquire a 100% interest in the Cristal project located in northern Chile. In detail, the mining site is located along the West Fissure, near the border with Peru, which hosts to the majority of Chile's large p...Read More
Velocity Minerals Ltd. (TSX-V:VLC) ("Velocity" or the "Company") announces that it has received the first assay results of the 2018 drill program.Read full newsRead More
The stock market got torched yet again today, as President Donald Trump'scomments that the U.S. will implement tariffs on steel and aluminum imports starting next week overshadowed a more moderate congressional testimony from Fed Chair Jerome Powell. After trading in positive territory at midday, theDow was down more than 586 points at its session low around 2:30 p.m. ET. And while the blue-chip...Read More
Despite a relative pessimism regarding macroeconomic fundamentals, the South African rand is expected to gain strength over the next few months and that could mean bad news for the country's gold miners, according to BMI Research.In a recently published report, BMI forecasts a year-end exchange rate of ZAR10.9/USD, up from a previous forecast of ZAR11.6/USD. The firm says that not everyone will be...Read More
Despite a relative pessimism regarding macroeconomic fundamentals, the South African rand is expected to gain strength over the next few months and that could mean bad news for the country's gold miners, according to BMI Research.In a recently published report, BMI forecasts a year-end exchange rate of ZAR10.9/USD, up from a previous forecast of ZAR11.6/USD. The firm says that not everyone will be...Read More
Metal continues under pressure, still above $1300/oz. Price bottomed at $1302 on upbeat US data. Fed’s Powell speaks at Senate Banking Committee. Gold continued to move with a bearish bias and bottomed at $1302/oz after the release of the ISM Manufacturing report, the lowest level since January 2, $15 below yesterday’s close. During the last hour, it rebounded but f...Read More
NEW YORK, March 1 (Reuters) - The Federal Reserve provided $72 million of liquidity to foreign central banks in the latest week via its swap lines for foreign central banks, the New York Fed said on Thursday.The European Central Bank swapped $67 million with a term of 7 days and a rate of 1.91 percent.The Bank of Japan swapped $5 million with a term of 6 days and a rate of 1.92 percent.The Federal...Read More
Newrange Gold Corp. ('Newrange' or the 'Company') is pleased to welcome Mr. Robert Archer, Co-founder of Great Panther Silver Limited, as a Director of the Company, effective immediately.Read full newsRead More
The price of gold bullion remains range-bound, and it is clear that traders do not believe that the yellow metal will experience a sharp move in the near term as reflected by the low levels of volatility. In fact, gold bar option traders are now pricing in historically low levels of premiums into gold bullion options, which means that the market displays little fear that gold bar prices will cha...Read More
Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ('Japan Gold' or the 'Company') is pleased to announce its corporate strategy in 2018.Read full newsRead More
Aben Resources Ltd. (TSX-V:ABN) (OTCBB:ABNAF) (Frankfurt:E2L2) (the "Company") is pleased to announce that they have received the 2018 exploration permit from the Government of Saskatchewan and has commenced mobilization for camp construction at their 4,656 hectare Chico Gold Project.Read full newsRead More
Bikes maker Tandem Group plc (LON:TND) sprinted higher on Thursday after revealing net profit for 2017 is likely to be significantly higher year-on-year.The expected increase in profits is despite a small reduction in turnover of 4% from the year before to ?36.8mln.The cost control measures taken to streamline bicycle operations brought about an expected reduction in turnover but this also had a...Read More
(Kitco News)- Trading activity among members of the London Bullion Market Association was down last month in both silver and gold.The LBMA releases clearing statistics each month showing the net volume of gold and silver transferred between accounts of members, essentially providing a snapshot of the amount of trading activity.The average volume of gold ounces transferred daily in January dropped...Read More
SANTIAGO, March 1 (Reuters) - The main union of Chile's Los Pelambres copper mine will vote next week on a new contract its members have not yet received and which could lead to a strike if they refuse, a union leader told Reuters on Thursday.The president of the union for Los Pelambres, a unit of the local group Antofagasta, said the company's proposal would be finalized no later than Friday."We...Read More