JOHANNESBURG, Jan 15 (Reuters) – Acacia Mining said on Monday said fourth-quarter production fell by a third on the previous year due to a ban on exports of gold and copper concentrates in Tanzania.The London-listed miner said production in the three months to December fell 30 percent to 148,477 ounces compared with a year ago and 22 percent from the previous quarter. This brought 2017 gold...Read More
Canada's Tahoe Resources (TSX:THO)(NYSE:TAHO) is laying off 250 employees, or roughly a quarter of the staff from its flagship Escobal silver mine, in Guatemala, as a legal battle to having the mining license for the site reinstated drags on.The Vancouver-based company had to halt operations at the mine last July after the country's Supreme Court provisionally ordered so following an appeal from...Read More
Shares in Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) were up Monday as gold prices touched the highest level since early September during the European trading session, and the company reported 2017 and Q4 results.The Toronto-based company said it produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of...Read More
Shares in Africa-focused Gem Diamonds (LON:GEMD) skyrocketed Monday morning after the miner announced the recovery of what it qualified as the fifth biggest gem-quality diamond ever found.The 910-carat, D colour, Type IIa rough diamond was unearthed at the firm's flagship Let??eng mine in Lesotho. According to analysts at Liberum, it could fetch as much as $40 million, based on previous sales...Read More
The re-start of a mothballed zinc mine in Australia is turning out to have a strong upside for both the mining company and its investors.New Century Resources (ASX:NCZ) announced the completion of resource definition drilling at the South Block portion of the Century Zine Mine.The mine was the third largest zinc mine in the world prior to its closure in 2016. New Century acquired its interest in...Read More
Hunger for high-quality iron ore from Australia and Brazil pushed Chinese imports of the steelmaking ingredient to a record high in 2017.While shipments were down 11% in December, the full-year totals rose 5% to 1.075 billion tonnes, exceeding a billion tonnes for the second year, according to Reuters trade data."Big miners have expanded their production and shipments while China's crackdown on il...Read More
Gold enjoyed a nice lift late last week as the yellow metal cruised to $1,337.40 at the close of trading Friday in New York.Spot gold gained $21.40 between Wednesday and Friday, clearly benefiting from the fallout of a dramatic selloff of US government debt. February gold futures rose 0.29% to $1,338.80.According to Bloomberg, Chinese government officials have recommended slowing or halting purcha...Read More
Jason Levers, Project Geologist, logging diamond drill core from the Pine Bay VMS Project at Callinex's facilities near Flin Flon, Manitoba. Photo courtesy Callinex Mines Inc.Callinex Mines Inc. [CNX-TSXV, CLLXF-OTCQX] on Friday January 12 released results from a 2017 summer drilling campaign at the Pine Pay and Big Island Projects in Manitoba's Flin Flon Mining District.The Pine Bay and Big Islan...Read More
Posted: Jan 15, 2018JK: Discovery Watch Jan 15, 2018 with Jim Goddard and John KaiserPublished: Jan 15, 2018HSC: Discovery Watch Jan 15, 2018: Lust Dust becomes a StarDiscovery Watch is a weekly 15-20 minute audio show sponsored by HoweStreet.com where Jim Goddard interviews John Kaiser about resource juniors with interesting exploration plays that have caught John's attention. The projects will n...Read More
If you had any pretense that the United States, including high officials in the government such as the PresidentContinue...Read More
I suspect it began with the top in Bitcon and the other 1300-1400 related pseudo currencies back in December. I did an interview in the first week of Continue...Read More
2018's cryptocurrency selloff picked up steam on Tuesday when Bitcoin slumped as much as 25 percent, as the potential for regulatory crackdowns appeared to grow.Continue...Read More
...Those who have no patience for, or understanding of, the Continue...Read More
Full Article/Video: Rich Dad Author Says The Next Financial Crash Will be Like an "Avalanche"By: Kitco NewsFor bestselling author Robert Kiyosaki, crashes, debt and taxes are the secret to how the rich are getting richer, so is 2018 setup to deliver?"I hope so," said Kiyosaki the author of Rich Dad, Poor Dad and his latest, How the Rich are Getting Richer. And with the stock market continuing to...Read More
Europe could face a deluge of steel imports previously destined for the United States if Donald Trump's 232 investigation leads to strict import duties on steel products, German steel association WV Stahl has warned. EU tariffs on imports of cold rolled coil (CRC) from Russia and China led to prices for the material jumping in European domestic markets in 2017, while Russian producers lost ma...Read More
RAPAPORT... Birks Group's November and December sales declined 4% due toongoing renovations at two flagship stores and weak consumer sentiment in Canada, the jeweler reported Friday. The Montreal-based company noted comparable store sales grew 2% during the period, reflecting growth in locations that were open for more than a year and thus discounting the impact of the stores undergoing renovation...Read More
RAPAPORT... The Israel Diamond Exchange (IDE) plans to reveal two newcryptocurrencies createdspecifically for the diamond industry by startup CARATS.IO, the exchange said Monday.CARATS.IO will host a seminar during the International Diamond Week in Israel (IDWI), taking place February 5 to 7, to introduce the new cryptocurrencies and explainhow they can benefit the trade. "By cooperating with this...Read More
Published on: Jan 15, 2018 | by finfeedAmerican Pacific Borate and Lithium (ASX:ABR) today announced that it has completed its 14-hole confirmatory borate drilling program at the 100%-owned Fort Cady Borate and Lithium Project in southern California.Assay highlights include:4m at 5.7% borate (10.1% H3BO3) and 342ppm lithium from 498.1m in drill hole 17FTCBL01216.9m at 7.3% borate (12.9% H3BO3) and...Read More
RAPAPORT... Birks Group's November and December sales declined 4% due toongoing renovations at two flagship stores and weak consumer sentiment in Canada, the jeweler reported Friday. The Montreal-based company noted comparable store sales grew 2% during the period, reflecting growth in locations that were open for more than a year and thus discounting the impact of the stores undergoing renovation...Read More
Posted: Jan 15, 2018JK: Discovery Watch Jan 15, 2018 with Jim Goddard and John KaiserPublished: Jan 15, 2018HSC: Discovery Watch Jan 15, 2018: Lust Dust becomes a StarDiscovery Watch is a weekly 15-20 minute audio show sponsored by HoweStreet.com where Jim Goddard interviews John Kaiser about resource juniors with interesting exploration plays that have caught John's attention. The projects will n...Read More