Barrick Gold (TSX, NYSE:ABX), the world's top bullion producer by volume, is stepping up efforts to hike output of the yellow metal by advancing a number of projects expected to add more than one million ounces a year starting in 2021.The Toronto-based company, which is now only 50,000 ounces - or about 125 gold bars - ahead of rival Newmont Mining (NYSE:NEM) in terms of annual production, said C...Read More
Barrick Gold (TSX, NYSE:ABX), the world's top bullion producer by volume, is stepping up efforts to hike output of the yellow metal by advancing a number of projects expected to add more than one million ounces a year starting in 2021.The Toronto-based company, which is now only 50,000 ounces - or about 125 gold bars - ahead of rival Newmont Mining (NYSE:NEM) in terms of annual production, said C...Read More
Barrick Gold (TSX, NYSE:ABX), the world's top bullion producer by volume, is stepping up efforts to hike output of the yellow metal by advancing a number of projects expected to add more than one million ounces a year starting in 2021.The Toronto-based company, which is now only 50,000 ounces - or about 125 gold bars - ahead of rival Newmont Mining (NYSE:NEM) in terms of annual production, said C...Read More
Mr. Robert Carrington reportsNEWRANGE GOLD SAMPLES UP TO 130 GRAMS GOLD, EXTENDS MERRITT ZONE AND BEGINS PHASE III DRILLING AT PAMLICO Newrange Gold Corp.'s systematic program of mapping and sampling at Pamlico has identified another very prospective, high-grade gold drill target referred to as Tom's Hammer where rock chip samples yielded up to 130 grams gold per tonne in mineralized sedimentary r...Read More
Mr. Robert Carrington reportsNEWRANGE GOLD SAMPLES UP TO 130 GRAMS GOLD, EXTENDS MERRITT ZONE AND BEGINS PHASE III DRILLING AT PAMLICO Newrange Gold Corp.'s systematic program of mapping and sampling at Pamlico has identified another very prospective, high-grade gold drill target referred to as Tom's Hammer where rock chip samples yielded up to 130 grams gold per tonne in mineralized sedimentary r...Read More
Retail stocks dipped with the broader equities market earlier this month, and a lackluster earnings showing from Walmart Inc (NYSE:WMT) earlier this week didn't help matters. However, just like now looks like an opportune time to buy the Walmart dip, the SPDR S&P Retail ETF (XRT) could also rebound soon, if history is any indicator. With a slew of the sector's earnings expected next week, we decid...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) - Gold prices remainedon the defensive after a Labor Department report Thursday showing that initial weeklyU.S. jobless claims fell by 7,000 to a seasonally adjusted 222,000 in theweek to Saturday.Consensusexpectations compiled by various news organizations called for initial claimsto be around 230,000. The gover...Read More
(Kitco News) - The markets reacted to the FOMC minutes from January that were released yesterday. At first, the markets saw the minutes as dovish and both the metals and equity markets shot higher. Then the market realized that the minutes were from before the higher inflation data that was released in February and the Trump tax cut. The market assessed that had this data been considered, the Fed...Read More
* Dollar index touches its highest in more than a week* More dollar weakness seen likely* Focus moves to Fed chief Powell's congressional testimony* Yen rises broadly as stock markets falter* Graphic: World FX rates in 2018 By Jemima KellyLONDON, Feb 22 (Reuters) - The dollar inched up to a 10-day high on Thursday after minutes from the U.S. Federal Reserve's January meeting showed policymakers co...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 and silver prices are moderately lower in early U.S. trading Thursday. Bothsafe-haven metals are seeing some selling pressure in a present environment ofnot much risk aversion in the marketplace. The recent rebound in the U.S.dollar index is also a bearish outside market force working against theprecious metals. April Comex gold futures were last down $5.90 an ounce at $1,326.3...Read More
The company listed a netloss of $17.7 million, or 4 cents per share, compared to a loss of $5.3million, or a penny, in the fourth quarter of 2016. The company citedhigher income-tax expenses of $31.3 million, partially offset by improvements in otherareas. Excluding special items, thecompany posted an adjusted net loss of $13.8 million, or 3 cents, comparedto adjusted earnings of $3.3 mi...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS 39.6 METRES OF 2.45 G/T GOLD EXPANDING MOTHER LODE DEPOSIT TO THE WEST, WITH INITIAL 2018 DRILL RESULTSCorvus Gold Inc. has received initial results from the first four holes of its 2018 phase 2 Mother Lode drill program. The results are from three holes evaluating the western extension of the Mother Lode deposit and one hole evaluating the southern ex...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS 39.6 METRES OF 2.45 G/T GOLD EXPANDING MOTHER LODE DEPOSIT TO THE WEST, WITH INITIAL 2018 DRILL RESULTSCorvus Gold Inc. has received initial results from the first four holes of its 2018 phase 2 Mother Lode drill program. The results are from three holes evaluating the western extension of the Mother Lode deposit and one hole evaluating the southern ex...Read More
What were supposed to be benign minutes from the FOMC caused a meltdown in equities on Wednesday. In the initial reaction to an overly dovish Fed, markets soared higher, pushing the Dow up almost 300 points. The jubilation for more free money was quickly met with fear and a market meltdown, with the Dow closing down almost 200 On the news, the dollar crumbled, and gold rallied along with the bonds...Read More
LONDON, Feb 22 (Reuters) - The euro reversed a brief spike on Thursday and was flat on the day after minutes from a European Central Bank meeting last month showed policymakers felt it was too early to change their communication stance to signal a policy shift.The single currency was flat on the day after briefly rising 0.2 percent to the day's highs at $1.23085. Discussion over tweaking the bank'...Read More
Newmont Mining Corp.'s NEM, -1.39% shares dropped 1.5% premarket Thursday even after the company topped expectations with its fourth-quarter earnings. Here's what you need to know: EARNINGS: The gold producer reported a net loss of $534 million, or 99 cents a share. Excluding the impact of the new tax law and one-time items, the company earned 40 cents a share. Analysts polled by Thomson Reuters h...Read More
Buoyed by booming commodity prices and lower costs, Anglo American PLC doubled its net profit in 2017, slashed debt and said it would pay its highest dividend in a decade. Anglo American's results mark a decisive turnaround from two years ago, when the British mining giant, hammered by plunging commodities and hamstrung by a debt load of nearly $13 billion, began a dramatic corporate downsizing. N...Read More
Anglo American's De Beers, the world's largest rough diamond producer by value, said Thursday it plans to mine precious rocks this year at a rate not seen since the 2008 global financial crisis.Delivering its preliminary financial results for 2017, the miner said it intends to dig up as much as 36 million carats this year, up from 33.5 million in 2017, thanks mainly to the participation of its ne...Read More
Anglo American's De Beers, the world's largest rough diamond producer by value, said Thursday it plans to mine precious rocks this year at a rate not seen since the 2008 global financial crisis.Delivering its preliminary financial results for 2017, the miner said it intends to dig up as much as 36 million carats this year, up from 33.5 million in 2017, thanks mainly to the participation of its ne...Read More