Recent News

Gold, Silver Prices Near Steady; Awaiting U.S. Stock Market Open

February 09, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices are trading not far from unchanged in early morning dealingsFriday. The metals are pausing in keen anticipation of the opening of the U.S.stock market. U.S. stock indexes late Thursday took a nosedive, so many lookfor very volatile trading in the early going Friday, which is likely to spillover into other markets. April Comex gold futures were last down $0.30...Read More

Uranium Energy Corp Acquires the Diabase Project in the Athabasca Basin

February 09, 2018 / www.stockwatch.com

Uranium Energy Corp Acquires the Diabase Project in the Athabasca Basin and Appoints Darcy Hirsekorn as District GeologistCanada NewsWireCORPUS CHRISTI, TX, Feb. 9, 2018Read More

Uranium Energy Corp Acquires the Diabase Project in the Athabasca Basin

February 09, 2018 / www.stockwatch.com

Uranium Energy Corp Acquires the Diabase Project in the Athabasca Basin and Appoints Darcy Hirsekorn as District GeologistCanada NewsWireCORPUS CHRISTI, TX, Feb. 9, 2018Read More

Investment Insights: 3 Reasons Why Bitcoin Isn't Like Gold

February 09, 2018 / seekingalpha.com

Gold has a strong track-record as a store of value by preserving spending power over long periods of time.Gold investment is typically motivated to hedge risk while return chasing is a large impetus for bitcoin buyers.Gold is a physical asset with demand rooted in consumer and industrial applications beyond its role in the financial system.12Click to enlargeNotes: Read More

Adani's giant Australian coal mine takes hit as rail plan axed

February 09, 2018 / www.mining.com

(Bloomberg) Adani Enterprises Ltd. can't catch a break.The Indian conglomerate trying to build one of the world's largest coal mines has already had its own funding bid for a rail line stymied by the Queensland state government. Now, a funding proposal for another line that could carry its coal to the coast for export has been canned.Rail operator Aurizon Holdings Ltd., which hoped to build a c...Read More

Bitcoin Daily Chart Alert - Daily Price Volatility Low - Feb 9

February 09, 2018 / www.kitco.com

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

Carnage in Equities

February 09, 2018 / www.kitco.com

The equity markets are under siege and every major sector is in correction territory for the first time in two years. Energy, materials, tech, and financials are getting creamed. Treasury bonds are in a bear market, and gold is running in place but losing ground every day. The safety assets are not offering much security, especially the Treasuries as they get pounded daily with rising rates. For y...Read More

Carnage in Equities

February 09, 2018 / www.kitco.com

The equity markets are undersiege and every major sector is in correction territory for the first time intwo years. Energy, materials, tech, and financials are getting creamed.Treasury bonds are in a bear market, and gold is running in place but losingground every day.The safety assets are notoffering much security, especially the Treasuries as they get pounded dailywith rising rates. For years go...Read More

FOREX-Euro set for worst week since 2016 as dollar extends rally

February 09, 2018 / www.kitco.com

* Euro headed for worst week since October* Dollar backs off four-month lows vs yen* Strategists say dollar weakness here to stay despite rally* Graphic: World FX rates in 2018 By Tommy WilkesLONDON, Feb 9 (Reuters) - The dollar rose on Friday to extend its recent gains while the euro was headed for its worst weekly performance since Nov. 2016 after the global stock market sell-off squeezed invest...Read More

UPDATE 1-LME says likely to make fee cuts permanent after volumes rise

February 09, 2018 / www.kitco.com

(Adds details, CEO comment)By Peter HobsonLONDON, Feb 9 (Reuters) - The London Metal Exchange (LME) was likely to make fee cuts permanent on short- and medium-dated carry trades after volumes on those trades rose in January, despite slightly weaker overall turnover, it said on Friday. The LME cut fees on short-dated carries in October and on medium-dated carries in November in a bid to revive vol...Read More

Cameco's profit beat estimates on improved uranium prices, cost-cutting drive

February 09, 2018 / www.mining.com

Canada's top uranium producer Cameco (TSX:CCO) (NYSE:CCJ) injected some optimism in the depressed yellow powder market by posting a better-than-expected quarterly profit, on the back of improved prices and its efforts to cut production to ease a current oversupply.Uranium prices have fallen more than 70% since the Fukushima disaster in 2011, remaining low since then as a result of global glut of...Read More

Trump Throws Cold Water On The Gold Rally

February 09, 2018 / seekingalpha.com

Trump came out and tried to talk up the dollar.While the "bounce" in the USD has been anemic, the precious metals and mining stocks have reacted very negatively.I don't expect this bull market in gold will be derailed because of these statements, but it could remain under pressure for a bit longer.Eventually, inflation and further increases in interest rates will crush the stock mark...Read More

Endeavour in talks to avert Ivory Coast protests over gold production plans

February 09, 2018 / www.mining.com

Endeavour Mining has opened negotiations with local people in Ivory Coast in an effort to head off protests at two gold mines where the company aims to boost production by nearly 4 percent this year, its country manager said on Friday.The Canadian company's Agbaou and Ity mines yielded a combined 236,000 ounces of gold last year, and plan to produce 245,000 in 2018.But operations in Agbaou were re...Read More

Endeavour in talks to avert Ivory Coast protests over gold production plans

February 09, 2018 / www.mining.com

Endeavour Mining has opened negotiations with local people in Ivory Coast in an effort to head off protests at two gold mines where the company aims to boost production by nearly 4 percent this year, its country manager said on Friday.The Canadian company's Agbaou and Ity mines yielded a combined 236,000 ounces of gold last year, and plan to produce 245,000 in 2018.But operations in Agbaou were re...Read More

Asia Gold-Price dip perks up demand ahead of festive, wedding seasons

February 09, 2018 / www.kitco.com

* Premiums in India at $1.5/oz vs $2 last week* Premiums in China at $9-$10/oz vs $6-$8 last week By Nithin ThomasPrasad and Rajendra JadhavBENGALURU/MUMBAI, Feb 9 (Reuters) - Physical gold demand in Asia picked up towards the end of the week, as a pullback in prices spurred purchases ahead of the Lunar New Year in China and the wedding season in India.Spot gold has declined about 1 percent so fa...Read More

FOREX-Euro edges up but headed for worst week since October

February 09, 2018 / www.kitco.com

* Euro headed for worst week since October* Dollar backs off four-month lows vs yen* Strategists say dollar weakness here to stay* Graphic: World FX rates in 2018 By Tommy WilkesLONDON, Feb 9 (Reuters) - The euro gained against the dollar on Friday but the single currency was still headed for its worst weekly performance since October after the global stock market sell-off squeezed investors betti...Read More

Northam Platinum flags wider mid-year headline loss

February 09, 2018 / www.kitco.com

JOHANNESBURG, Feb 9 (Reuters) - South Africa's Northam Platinum Ltd said on Friday it expects a wider mid-year loss despite its Zondereinde and Booysendal mines achieving operating profits.It expects a headline loss per share of 77.6 to 90.5 cents for the six months which ended on Dec. 31 versus a loss of 64.7 cents a year earlier. "The anticipated loss is attributable to the Zambezi Platinum...Read More

De Beers' Namibia venture puts mine up for sale, at least 130 jobs to go

February 09, 2018 / www.mining.com

Namibia's top diamond producer, Namdeb, a 50/50 joint venture company between the country's government and De Beers it's selling its Elizabeth Bay mine in a move that will affect at least 130 of its 1,700 employees.The announcement comes three weeks after the company wrote to staff offering voluntary redundancies, saying the move sought to ensure the sustainability of Namdeb land-based operations....Read More

First Mining Announces Exploration and Infill Drilling Results for Its Goldlund Gold Project

February 09, 2018 / dlvr.it

VANCOUVER, B.C., Feb.08, 2018(GLOBE NEWSWIRE) -- First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF) (OTCQX:FFMGF) (Frankfurt:FMG) is ple...Read full newsRead More

Bitcoin Mining Is Potentially More Energy-Intensive Than Gold Mining

February 09, 2018 / dlvr.it

But Bitcoin could be so much more than digital gold.Read full newsRead More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok