Pallinghurst Resources's precious gemstones miner Gemfields is standing up to disturbing allegations of human rights abuses at the company's Montepuez ruby mine in Mozambique, and disclosed it's now target of a legal claim on behalf of 29 locals.The company, the world's top coloured gems producer, accounting for roughly a third of the global supply of emeralds and rubies, revealed that human right...Read More
Shares in Seabridge Gold (TSX:SEA) (NYSE:SA) were soaring in pre-market trade in New York after the Canadian company bulked up again its already massive KSM gold-copper-silver project in northern British Columbia in both size and grade.Before the opening, Seabridge stock was already exchanging hands at $10.40, up 4.8% on the New York Stock Exchange, after hiking its estimated inferred gold and c...Read More
Mining giant BHP (ASX, NYSE:BHP) (LON:BLT) is taking a $1.8 billion hit from the major US tax reform package supported by President Donald Trump and passed by the Senate in DecemberThe Anglo-Australian miner said the charge, which will be treated as an exceptional item, consists mainly of a non-cash charge on deferred taxes of $898 million and another charge on foreign tax credits of $834 million...Read More
Rio Tinto (LON:RIO) has become the sole owner of Pistol Bay Mining's. (TSX-V: PST) uranium assets in the Athabasca Basin of Saskatchewan, Canada, by making a final payment of $1 million in cash.With the acquisition, the world's second largest miner is materializing plans of grabbing those three assets, which are located close to Cameco's McArthur River mine - the world's largest producing uraniu...Read More
A Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) worker died on Monday night while clearing a blocked ore pass at the company's Driefontein gold operation in South Africa, less than a week after a fall of rocks at its Kloof mine killed two people.The precious metals miner said investigations into the latest incident by management together with the department of mineral resources (DMR) and other releva...Read More
https://uk.reuters.com/LONDON/BEIJING (Reuters) – The London Metal Exchange could remove companies from its list of approved metal suppliers if they fall short of industry standards following an outcry about cobalt mined by children in Africa, three sources said.The exchange will issue principles for responsible sourcing in coming months and producers will have to show their metal meets indu...Read More
Feb 14, 2018 Guest(s): Maxwell Gold Director: Investment Strategy: ETF Securities Gold prices were on fire Wednesday, rebounding from losses made in the wake of stronger than expected U.S. inflation data. Kitco News caught up with Maxwell Gold of ETF Securities. "What sparked gold's price move today is the increase in inflation. I think that is boosting inflation expectations, and I think that's...Read More
Feb 13, 2018 Guest(s): Vince Lanci Real interest rates should stay negative as the Fed raises rates, creating a buying opportunity for gold, says Vince Lanci, founder of EchoBay Partners."If an unqualified spike in inflation were to come out, the stock market should definitely sell off," Lanci told Kitco News, "gold should sell off...gold should react the same way as stocks in the short term."L...Read More
Feb 13, 2018 Guest(s): Dennis Gartman Publisher, The Gartman Letter Bitcoin has, at one point, fallen to more than 60% below its December 2017 highs and may have already reached a key support level.Dennis Gartman, editor of the Gartman Letter, told Kitco News that the digital currency's support level around $6,000 a coin has been "impressive," and while he was bearish on bitcoin at higher prices...Read More
Cartier Resources Inc. (TSX-V: ECR) is an exploration company, focused on discovery in the prolific Abitibi Gold Belt in Quebec. We learned from Mr. Philippe Cloutier, Director, President & Chief Executive Officer of Cartier Resources Inc. that they are focused on their flagship past-producing Chimo Mine Project, using 4 diamond drill rigs for their exploration campaign. They now have a solid trea...Read More
Lynette Zang from ITM Trading joins SGT Report to discuss the economy, precious metals and the storm that's brewing. The criminal banks have stopped lending to each other because they know something is very wrong. Will the masses realize it - or be told about it - before it's too late? Probably not. But you will. Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002....Read More
"The problem is what happens to the budget deficit. We just went through the government shutdown and a package that lays things out for the next two years, but it widens the deficit. The deficit is beyond control."Walter J. "John" Williams has been a private consulting economist and a specialist in government economic reporting for more than 30 years. His economic consultancy is called Shadow Gove...Read More
Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the laun...Read More
*This speech was delivered at the Vancouver Resource Investment Conference on January 21-22, 2018Doug Casey, Casey Research, discusses his biggest financial mistakes, recommended next reads, the benefit of warrants, blockchain, cannabis, and more with Marin Katusa, Katusa Research, at the 2018 Vancouver Resource Investment Conference.Doug Casey is an American-born libertarian economist and advocat...Read More
Today we learned that the Boulder County District Attorney's office has formally charged Angevine Middle School Physical Education Teacher Karen Smith. Continue...Read More
According to data released Tuesday by the Federal Reserve Bank of New York, American households' outstanding debt climbed to an all-time highContinue...Read More
The Indian government is to impose a 20% export duty on graphite electrodes from April 1, according to the International Rebar Producers & Exporters Association (Irepas).The Indian government has included a provision to change customs tariffs for certain products including electrodes in its 2018 finance bill, which is currently being debated and is expected to be put to a vote for approval by the...Read More
JOHANNESBURG (miningweekly.com) – Aim-listed Botswana Diamonds has started exploration work on the Sunland Minerals joint venture (JV), which it shares with Russian diamond producer Alrosa, in Botswana.The objective of the exploration programme is to follow up on 15 previously identified priority geophysical targets in PL232-235 and PL001-004 in the Central Kalahari Game Reserve.Advertisemen...Read More
RAPAPORT... Alrosa's sales surged 38% to $504.5 million in January, as a strong holiday season boosted market sentiment. "We have seen good demand for the whole assortment of ourdiamond products," Yury Okoemov, deputy CEO of Alrosa, said Monday. "[Demand was]supported by positive trends in the major sales markets, backed by good retailsales results in 2017, including the Christmas season, and grow...Read More