Mr. Matthew Hornor reports MAPLE GOLD PROVIDES STATUS ON EXPECTED TIMING FOR UPDATED RESOURCE ESTIMATEMaple Gold Mines Ltd. has provided an update on timing for its next resource estimate update. The company's last National Instrument 43-101 inferred mineral resource estimate (2.8 million ounces at 1.05 grams per tonne goldusing a 0.5 g/t cut-off grade) was filed on April 11, 2017 (Micon 2017). Th...Read More
Mr. Matthew Hornor reports MAPLE GOLD PROVIDES STATUS ON EXPECTED TIMING FOR UPDATED RESOURCE ESTIMATEMaple Gold Mines Ltd. has provided an update on timing for its next resource estimate update. The company's last National Instrument 43-101 inferred mineral resource estimate (2.8 million ounces at 1.05 grams per tonne goldusing a 0.5 g/t cut-off grade) was filed on April 11, 2017 (Micon 2017). Th...Read More
Anil Mall, President of Stockpools Inc. sat down with Kate Hiscox, President of Venzee Technologies Inc. (TSX-V: VENZ), to discuss how Venzee solves retails' biggest efficiency problem, spreadsheets.Venzee's technology, leveraging artificial intelligence to streamline product information management, allows thousands of vendors and retailers to seamlessly share information, avoiding delays and...Read More
Strong earnings are once again serving as a bullish catalyst for the U.S. stock market, with futures on the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) trading above fair value after big beats from 3M (MMM) and Caterpillar (CAT). The Nasdaq-100 Index (NDX) is also signaling a positive start, as Amazon (AMZN) gets a pre-market lift from a price-target hike to $1,800 at D.A. Davidson,...Read More
Freeport-McMoRanInc. (NYSE: FCX),the world’s largest publicly traded copper company but also a significant goldproducer due to by-product metal, lists fourth-quarter net income of $1billion, or 71 cents per share, compared to $292 million, or 21 cents, in thesame period a year ago. After adjusting for net gains of $291 million primarilyrelated to tax benefits associated with U.S. tax reform,...Read More
(Kitco News) - In December, we suggested that the gold price was beginningto exhibit the same patterns we witnessed in 2016 and 2017, when gold began asignificant uptrend in the first half of those years. The primary catalyst forthis year's stellar run has been the weakening dollar and Treasury SecretaryMnuchin's comments that a weak dollar is a positive for U.S. growth. which has accelerated the...Read More
The Democratic Republic of Congo's new proposed mining code could hurt businesses, says SP Angel analyst John Meyer, but not too badly. The code proposes royalties of 3.5% on base metals and of 5% on strategic metals such as cobalt that will affect Glencore and Randgold but aren't disastrous given the high grades mined in the DRC. "Cost, aggravation [corruption] and security issues relating to wor...Read More
• Easing USD bearish pressure prompts some profit-taking. • Sliding US bond yields might continue to lend some support. Gold surrendered majority of its early gains to the highest since August 2016 and quickly retreated back below $1360 level during the early European session. The US Dollar tumbled to fresh three-year lows on comments by the US Treasu...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 56.1 G/T AU OVER 8.9 METRES AT WINDFALLOsisko Mining Inc. has provided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and ar...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 56.1 G/T AU OVER 8.9 METRES AT WINDFALLOsisko Mining Inc. has provided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and ar...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
The metals have been on a wildride, trading as low as $1,238 on Dec. 12 and as high as $1,365 this morning.What's next for the metals? What has caused the biggest move in a year?Once again, the metals have reachedthat do-or-die moment. They are trading near resistance that goes as far backas September of 2013. Will they continue to break out? Will the resistancelevel hold?The big rally has been on...Read More
Global miner Anglo America (LON:AAL) saw its output climb 5% last year thanks mainly to its diamond and iron ore divisions, though copper production remained flat.The company said output at its diamond unit, De Beers, climbed 22% compared with the previous year to 33.5 million carats, as its Gahcho Ku?(C) mine reached full production.Gahcho Ku?(C), Canada's newest diamond mine and the world's larg...Read More
Global miner Anglo America (LON:AAL) saw its output climb 5% last year thanks mainly to its diamond and iron ore divisions, though copper production remained flat.The company said output at its diamond unit, De Beers, climbed 22% compared with the previous year to 33.5 million carats, as its Gahcho Ku?(C) mine reached full production.Gahcho Ku?(C), Canada's newest diamond mine and the world's larg...Read More
Global miner Anglo America (LON:AAL) saw its output climb 5% last year thanks mainly to its diamond and iron ore divisions, though copper production remained flat.The company said output at its diamond unit, De Beers, climbed 22% compared with the previous year to 33.5 million carats, as its Gahcho Ku?(C) mine reached full production.Gahcho Ku?(C), Canada's newest diamond mine and the world's larg...Read More
Global miner Anglo America (LON:AAL) saw its output climb 5% last year thanks mainly to its diamond and iron ore divisions, though copper production remained flat.The company said output at its diamond unit, De Beers, climbed 22% compared with the previous year to 33.5 million carats, as its Gahcho Ku?(C) mine reached full production.Gahcho Ku?(C), Canada's newest diamond mine and the world's larg...Read More
Freeport-McMoRan Inc, the world's second-largest copper miner by production, reported a bigger-than-expected jump in fourth-quarter profit on Thursday, lifted by stronger commodity prices and productivity gains.The Arizona-based company, which formed a framework agreement with Indonesia's government last August to secure a long-term permit for its massive Grasberg copper and gold mine, also said t...Read More
Freeport-McMoRan Inc, the world's second-largest copper miner by production, reported a bigger-than-expected jump in fourth-quarter profit on Thursday, lifted by stronger commodity prices and productivity gains.The Arizona-based company, which formed a framework agreement with Indonesia's government last August to secure a long-term permit for its massive Grasberg copper and gold mine, also said t...Read More
Freeport-McMoRan Inc, the world's second-largest copper miner by production, reported a bigger-than-expected jump in fourth-quarter profit on Thursday, lifted by stronger commodity prices and productivity gains.The Arizona-based company, which formed a framework agreement with Indonesia's government last August to secure a long-term permit for its massive Grasberg copper and gold mine, also said t...Read More
By Felix NjiniFor South African gold miners, it's both the best and worst of times.The metal started the year with a bang, rising more than 4 percent to the highest since August 2016. But an equally impressive rally in the rand means that South Africa-focused producers are likely to miss out on the party.Because mining companies pay most of their expenses in local currency, a stronger rand squeeze...Read More