Mitsubishi looks for gold to find support from two main factors in 2018 -- a favorable environment for real interest rates and a subdued U.S. dollar. “The U.S. Federal Reserve is likely to raise interest rates only slowly and conservatively and be disinclined to get ‘ahead of the curve’ despite the U.S. economy growing at full steam and signs of rising inflation beginning t...Read More
Mr. Darin Wagner reportsBALMORAL COMMENCES INITIAL EXPLORATION PROGRAM ON HWY 810 PROPERTY, QUEBECBalmoral Resources Ltd. has commenced its first exploration program on the Hwy 810 property in Quebec. The wholly owned Hwy 810 property was acquired by Balmoral through staking in 2016/2017. The property covers over 250 square kilometres and is centred 15 kilometres northeast of Hecla Mining's multim...Read More
Mr. Darin Wagner reportsBALMORAL COMMENCES INITIAL EXPLORATION PROGRAM ON HWY 810 PROPERTY, QUEBECBalmoral Resources Ltd. has commenced its first exploration program on the Hwy 810 property in Quebec. The wholly owned Hwy 810 property was acquired by Balmoral through staking in 2016/2017. The property covers over 250 square kilometres and is centred 15 kilometres northeast of Hecla Mining's multim...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
* Dollar set for biggest monthly decline since March 2016* Yen briefly slips after BOJ resumes medium-tenor bond purchases* Graphic: World FX rates in 2017 By Saikat ChatterjeeLONDON, Jan 31 (Reuters) - The euro climbed half a percent on Wednesday and was on track for its biggest monthly rise in nearly two years as firm euro zone inflation data for January kept expectations alive for a swift withd...Read More
Bart Turtelboom, chief executive of APQ Global (LON:APQ) tells Proactive the upcoming Presidential election in Brazil is shaping up to be one of the critical events for emerging markets in 2018.''It really is too early to call how the field is shaping up, we'll only know that in July but the local Trump-like candidate is running again as well as a bunch of centre-right candidates so I think we'll...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ANNOUNCES 2017 YEAR-END THAILAND RESERVES UPDATEPan Orient Energy Corp., on behalf of Pan Orient Energy (Siam) Ltd. (POS), has released the results of its Dec. 31, 2017, independent reserves evaluation for Thailand on-shore concession L53/48 where POS is the operator and has a 100-per-cent working interest.Pan Orient has a 50.01-per-cent equity interest in POS,...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ANNOUNCES 2017 YEAR-END THAILAND RESERVES UPDATEPan Orient Energy Corp., on behalf of Pan Orient Energy (Siam) Ltd. (POS), has released the results of its Dec. 31, 2017, independent reserves evaluation for Thailand on-shore concession L53/48 where POS is the operator and has a 100-per-cent working interest.Pan Orient has a 50.01-per-cent equity interest in POS,...Read More
New resource estimate now in progress based on outstanding 2017 drill resultsSubstantial resource additions of higher grade gold and copper expectedTORONTO, Jan.31, 2018(GLOBE NEWSWIRE) --Seabridge Gold (TSX:SEA) (NYSE:SA) today released a complete summary of its 2017 drill program on the Iron Cap Deposit at its 100%-owned KSM Project in northwestern British Columbia, Canada (see table below). An...Read More
New resource estimate now in progress based on outstanding 2017 drill resultsSubstantial resource additions of higher grade gold and copper expectedTORONTO, Jan.31, 2018(GLOBE NEWSWIRE) --Seabridge Gold (TSX:SEA) (NYSE:SA) today released a complete summary of its 2017 drill program on the Iron Cap Deposit at its 100%-owned KSM Project in northwestern British Columbia, Canada (see table below). An...Read More
By Valerie VolcoviciWASHINGTON, Jan 31 (Reuters) - U.S. President Donald Trump's decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law, according to federal officials.Starting at 6 a.m. on Feb. 2 - the moment Trump's proclamation reducing the size of...Read More
TORONTO, ONTARIO--(Marketwired - Jan. 31, 2018) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN)(NYSE American:DNN) is pleased to announce an 88% increase in the Indicated Mineral Resources estimated for the Wheeler River project. Denison is also pleased to announce it has increased its interest in the Wheeler River project during 2017 from 60% to 63.3% in accordance with...Read More
(Adds CEO comments, detail)LONDON, Jan 31 (Reuters) - Centamin posted a 13 percent fall in core profit in 2017 on Wednesday as gold production fell and costs rose but the miner declared a final dividend that beat consensus.Earnings before interest, tax, depreciation and amortisation (EBITDA) fell to $326 million in the year that ended on Dec. 31, said the London-listed miner, which operates Egypt...Read More
(Adds 2018 production forecast, context)MOSCOW, Jan 31 (Reuters) - Norilsk Nickel (Nornickel) , the world's largest palladium producer, said on Wednesday its production of palladium could decline in 2018, while the output of nickel from Russian raw material would remain flat.Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminium giant Rusal , previously said its production of nicke...Read More
Egypt-focused gold miner Centamin (TSX:CEE) (LON:CEY) delivered good news to its shareholders on Wednesdays, announcing it would pay a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.The payment, on top of 2.5 cents given at the half-year, follows an $111 million compensation to Egypt in 2017, the first year of Centami...Read More
Egypt-focused gold miner Centamin (TSX:CEE) (LON:CEY) delivered good news to its shareholders on Wednesdays, announcing it would pay a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.The payment, on top of 2.5 cents given at the half-year, follows an $111 million compensation to Egypt in 2017, the first year of Centami...Read More
Egypt-focused gold miner Centamin (TSX:CEE) (LON:CEY) delivered good news to its shareholders on Wednesdays, announcing it would pay a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.The payment, on top of 2.5 cents given at the half-year, follows an $111 million compensation to Egypt in 2017, the first year of Centami...Read More
Egypt-focused gold miner Centamin (TSX:CEE) (LON:CEY) delivered good news to its shareholders on Wednesdays, announcing it would pay a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.The payment, on top of 2.5 cents given at the half-year, follows an $111 million compensation to Egypt in 2017, the first year of Centami...Read More
The Downside in Gold (XAU/USD) is being capped by 4-hour 100-MA. But the support could fall soon as bearish sentiment in the options market is strengthening. The 4-hour 100-MA has acted as a strong support in the last 12 hours or so, still, the yellow metal (XAU/USD) is finding it hard to regain poise. Meanwhile, XAU/USD one-month 25 delta risk reversals gauge fell to -0.40, the lowest level sin...Read More
To thrive in the mining industry's historical boom and bust cycle and capitalize on new opportunities, companies must rethink the traditional mining model. (Image: PlusONE| Shutterstock.)In the last 10 years, the mining industry has been on a roller-coaster, with commodity prices reaching both historic highs and lows, as well as operational realities shifting irrevocably in the face of a digital...Read More