Hecla Mining Company (NYSE: HL)has provided an upbeat assessment of its exploration program during the fourthquarter. The company cites continued expansion of high-grade, polymetalliczones at San Sebastian, similar to the Hugh Zone on the Middle and Francineveins. Meanwhile, at Casa Berardi, expanded and refined resources that couldincrease the size of the proposed principal and current East Mine...Read More
Stock futures are pointed higher, as markets look to rebound from their worst week since 2016. Dow Jones Industrial Average (DJI) futures are trading over 300 points above fair value, while the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also slated for a positive open. Investors are anxious to see President Trump's infrastructure plan, which will be unveiled to some extent later toda...Read More
The slide ingold prices last week was accompanied by pronounced outflows from globalexchange-traded funds, including 6.5 tonnes on Friday, says Commerzbank. “Thegold ETFs tracked by Bloomberg decreased by a good 21 tonnes last week, therebyreversing the lion’s share of the inflows seen since the start of the year,”Commerzbank says. Most gold ETFs trade like a stock but track the...Read More
Samsung SDI, South Korea's leading battery maker, has unveiled plans to recycle cobalt from used mobile phones and develop lithium-ion batteries with minimum content of the metal, or no cobalt at all, as a way to offset soaring prices for the silver-grey commodity.Carmakers are scrambling to secure supply of cobalt, a key ingredient in lithium-ion batteries that power electric vehicles, which pric...Read More
Samsung SDI, South Korea's leading battery maker, has unveiled plans to recycle cobalt from used mobile phones and develop lithium-ion batteries with minimum content of the metal, or no cobalt at all, as a way to offset soaring prices for the silver-grey commodity.Carmakers are scrambling to secure supply of cobalt, a key ingredient in lithium-ion batteries that power electric vehicles, which pric...Read More
Nicholas Lyth, chief executive of Altona Energy (LON:ANR) tells Proactive's Andrew Scott this year is all about exploration for them.''We've now got a partner on board who's willing to support and fund us and we're going to use that money to explore the Westfield tenement and hopefully by the end of 2018 we'd have found what we're expecting to find ... in 2019 we'll be progressing it on to a...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
"A move below SPX 2,730 could result in the round 2,700 area being visited rather quickly. Given the sharpness of Friday's decline, I may as well mention that SPX 2,673.61 and SPY 266.86 are the site of 2017's closing levels, and the next 'line in the sand' if the levels above are taken out ... As for the bad news, the VIX closed above 16.05, which I see as key because it represents half the 2016...Read More
(Kitco News) - Analysts are optimistic when it comes to Chinese gold demandfor the Lunar New Year, stating that they expect to see strong growth despitehigher gold prices. China is already seeing an improvement in gold demand ahead ofthe Lunar celebrations, which will usher in the year of the Dog on Feb. 16. Theoccasion has historically been a key gold-buying opportunity for consumers in acountr...Read More
(Kitco News) - Analysts are optimistic when it comes to Chinese gold demand for the Lunar New Year, stating that they expect to see strong growth despite higher gold prices. China is already seeing an improvement in gold demand ahead of the Lunar celebrations, which will usher in the year of the Dog on Feb. 16. The occasion has historically been a key gold-buying opportunity for consumers in a c...Read More
(Kitco News) - Gold and silver prices are trading moderately higher in early U.S. dealings Monday.The precious metals are supported by a weaker U.S. dollar index and a reboundin crude oil prices. Gains in the metals are being limited by a rebound inworld stock markets to start the trading week. April Comex gold futures werelast up $5.10 an ounce at $1,320.90. March Comex silver was last up $0.216...Read More
Mr. Christian Milau reportsEQUINOX GOLD RECEIVES C$19.2 MILLION FROM PACIFIC ROAD RESOURCES FUNDSEquinox Gold Corp. has received $19.2-million from Pacific Road Resources Funds and issued 21 million Equinox Gold common shares to Pacific Road pursuant to Pacific Road's exercise of non-dilution rights, as previously announced on Jan. 16, 2018. The shares are subject to a four-month hold period expir...Read More
Mr. Christian Milau reportsEQUINOX GOLD RECEIVES C$19.2 MILLION FROM PACIFIC ROAD RESOURCES FUNDSEquinox Gold Corp. has received $19.2-million from Pacific Road Resources Funds and issued 21 million Equinox Gold common shares to Pacific Road pursuant to Pacific Road's exercise of non-dilution rights, as previously announced on Jan. 16, 2018. The shares are subject to a four-month hold period expir...Read More
Mr. Nelson Baker reportsDRILLING ON MINERAL MOUNTAIN'S STANDBY MINE PATENTS BEGINS IN THE ROCHFORD DISTRICT, SOUTH DAKOTA, USAMineral Mountain Resources Ltd.'s planned phase 1 drill program consisting of a minimum of 12 drill holes totalling approximately 4,300 metres started Feb. 7 to test the down-plunge extension of the 300-metre-wide Standby mine gold structure partially developed from 1891 to...Read More
Mr. Nelson Baker reportsDRILLING ON MINERAL MOUNTAIN'S STANDBY MINE PATENTS BEGINS IN THE ROCHFORD DISTRICT, SOUTH DAKOTA, USAMineral Mountain Resources Ltd.'s planned phase 1 drill program consisting of a minimum of 12 drill holes totalling approximately 4,300 metres started Feb. 7 to test the down-plunge extension of the 300-metre-wide Standby mine gold structure partially developed from 1891 to...Read More
Gold and equities are spiking higher this morning, with theDow up over 300 points, continuing Friday's late-day rally. Gold, after beingup more than $15 overnight, has slowly grinded lower and now is up $5.The big question is whether this is a dead cat-bounce inmarkets that are going lower or are the bottoms. We look at this as a dead-catbounce and a natural rally after a heavy sell-off. Both gold...Read More
* Dollar weakens after last week's rally* Euro pauses below $1.23* All eyes on U.S. inflation data due on Wednesday* Stock market bounce seen supporting high-yielding FX* Graphic: World FX rates in 2018 By Tommy WilkesLONDON, Feb 12 (Reuters) - The euro edged higher on Monday and the dollar fell back, as a strong start to the week for equity markets ended a rally for the greenback.The dollar last...Read More
Russia's Ambassador to Iran, Levan Dzhagaryan, announced Sunday that his government offered some support so that the Middle Eastern country revamps the Fordow nuclear facility, located near the northern city of Qom.In an interview with Russia's news agency TASS, Dzhagaryan said a delegation from the state-run nuclear agency Rosatom visited the Iran and discussed "certain practical aspects of the p...Read More
Russia's Ambassador to Iran, Levan Dzhagaryan, announced Sunday that his government offered some support so that the Middle Eastern country revamps the Fordow nuclear facility, located near the northern city of Qom.In an interview with Russia's news agency TASS, Dzhagaryan said a delegation from the state-run nuclear agency Rosatom visited the Iran and discussed "certain practical aspects of the p...Read More