Mr. John Burzynski reportsOSISKO INTERSECTS 71.9 G/T AU OVER 2.9 METRES AT LYNXOsisko Mining Inc. has provided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban ownship, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and around...Read More
* Bank leaves base rate at 0.9 pct as expected* Overnight deposit and lending rates also unchanged* Central bank keeps policy loose, inflation below target* Monitors relative position of HUF yields to euro zone By KrisztinaThanBUDAPEST, Feb 27 (Reuters) - Hungary's central bank left its main interest rates unchanged at record lows on Tuesday, as expected, holding onto its set of unconventional to...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.On Mon...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 high-speed sell-off that rattled U.S. stocks during the two-week stretch from late January through early February resulted in a drop of 12.2% for the PowerShares QQQ Trust (NASDAQ:QQQ), measuring from its Jan. 26 intraday peak to its Feb. 9 intraday low. The magnitude of the decline was sufficient to bring QQQ briefly back in touch with a couple of longer-term, "under the radar" daily moving a...Read More
Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) took a hit Tuesday after the company posted full year profit that missed expectations and anticipated higher costs.The miner, which is the world's largest primary silver producer and Mexico's second largest gold company, said that earnings before interest, tax, depreciation, and amortization increased by 2.7% to $1.06 billion in 2...Read More
Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) took a hit Tuesday after the company posted full year profit that missed expectations and anticipated higher costs.The miner, which is the world's largest primary silver producer and Mexico's second largest gold company, said that earnings before interest, tax, depreciation, and amortization increased by 2.7% to $1.06 billion in 2...Read More
POSCO, South Korea's largest steel producer, has inked a deal to buy up to 240,000 tonnes of lithium concentrate per year from Australia's Pilbara Minerals (ASX:PLS), securing this way a constant supply of the key material used in the making of electric vehicle batteries.As part of the agreement, the Australian unit of POSCO will pay A$79.6 million (about $62.5 million) for a 4.8% stake in Pilbara...Read More
Pure Gold Mining Inc. is pleased to announce that underground drilling continues to confirm mineralization within the mineral resource and expand the mineralized zones at its 100% owned Madsen Gold... | f?vrier 14,2018Read full newsRead More
Gold has shown weak trending activity despite some "goldbug" predictions. However there are some bullish signals that suggest a slow breakout higher. Daryl Guppy Published 21 Hours AgoUpdated21 Hours AgoCNBC.com The defining feature of the gold price chart is that it has taken so long to go nowhere. Gold appears to have slipped into a zombie state, largely unmoved by a weaker dollar, or interest...Read More
(Adds details)Feb 27 (Reuters) - Precious metals miner Fresnillo Plc on Tuesday posted a 3.2 percent rise in annual profit, helped mainly by a record silver production.Silver production rose 16.6 percent to 58.7 million ounces in the year ended Dec. 31, as the first phase of San Julian silver and gold mine in Mexico operated at full capacity for the first full year.Gold production for the year fe...Read More
Forget cryptocurrency - the next big "gold rush" isn't even on Earth.Read full newsRead More
TORONTO, Feb.26, 2018(GLOBE NEWSWIRE) -- Eastmain Resources Inc. ("Eastmain" or the "Company") (TSX:ER) (OTCQX:EANRF), announces the Company has filed t...Read full newsRead More
Newcrest Mining Ltd:Read full newsRead More
Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake in Canadian miner Lundin Gold Inc as the gold major ramps up its exposure to Ecuador to secure growth.The stake is part of a $400 million equity raising by Lundin Gold to fund development of its Fruta del NorteRead full newsRead More
SHANGHAI, Feb 27 (SMM) - SMM expects nickel prices to remain firm in March and stainless steel prices to be rangebound as consumption recovers with low output.We also spoke to a range of market participants in the nickel industry as they weighed in on the market post-Chinese New Year.Nickel ore: Despite a small, expected short-term rise from post-holiday stocking, nickel ore prices is expected to...Read More
SHANGHAI, Feb 27 (SMM) – While not all downstream customers have resumed operations post-Chinese New Year, SMM believes zinc prices would stay firm due to the huge decline in LME inventory.Sources at Chinese miners and smelters were mostly bullish about zinc prices as they believe the domestic zinc concentrate output addition would be limited due to still strict environmental protection poli...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average and S&P 500 finished higher for the third straight day.Even with its big jump on Monday, the Dow remains more than 900 points from its all-time high set on Jan. 26.Federal Reserve Chairman Jerome Powell on Tuesday will deliver his first testimony before Congress since he took over from Janet...Read More
Gold and oil rise, dollar steady, ruble gains on S&P upgradeFed Chair Jerome Powell is due to speak on Tuesday, ThursdayPaul Richards of Medley Global Advisors and Nick Bennenbroek of Wells Fargo discuss monetary policy expectations.U.S. stocks rose to a nearly four-week high Monday as continuing gains in Treasuries pushed yields further below 2.9 percent, alleviating investor angst that higher ra...Read More
The latest news and price moves to start the Asian day on Tuesday February 27.Lead prices on the London Metal Exchange continued to strengthen, closing 1.4% higher at 5pm London time on Monday February 26 with its cash/three-month spread moving into backwardation. Read more in our live futures report.Here are how LME prices looked at Monday's close:The price difference between lead and zinc on the...Read More