Mr. Walter Coles reportsSKEENA INTERSECTS 19.26 G/T GOLD OVER 11.85 METRES AT SNIPSkeena Resources Ltd. has released additional drill results from 13 holes at the company's Snip gold project located in the Golden Triangle of British Columbia.Drilling highlights: UG17-027: 74.35 grams per tonne gold over 2.00 metres; UG17-033: 77.41 g/t Au over 1.10 metres; UG17-034: 26.28 g/t Au over 2.03 metres;...Read More
Mr. Walter Coles reportsSKEENA INTERSECTS 19.26 G/T GOLD OVER 11.85 METRES AT SNIPSkeena Resources Ltd. has released additional drill results from 13 holes at the company's Snip gold project located in the Golden Triangle of British Columbia.Drilling highlights: UG17-027: 74.35 grams per tonne gold over 2.00 metres; UG17-033: 77.41 g/t Au over 1.10 metres; UG17-034: 26.28 g/t Au over 2.03 metres;...Read More
* Euro gains after ECB minutes released* Dollar up against yen after hitting 6-week low* Traders still see dollar weakness* Graphic: World FX rates in 2017 By Tommy WilkesLONDON, Jan 11 (Reuters) - The euro jumped almost a cent on Thursday after the European Central Bank said it could revisit its communication stance in early 2018, boosting expectations that policymakers are getting ready to reduc...Read More
(Kitco News) - Gold prices are modestly up in early U.S. trading Thursday, supported by a weakerU.S. dollar index and by rallying crude oil prices that hit a three-year highovernight. Some chart-based buying is also featured in both gold and silverthis week, as the near-term technical postures for both markets are bullish. February Comex gold was last up $3.30 an ounce at $1,322.70. March Comex si...Read More
Mr. Mark Utting reportsKIRKLAND LAKE GOLD REPORTS RECORD ANNUAL AND QUARTERLY PRODUCTIONKirkland Lake Gold Ltd. has provided record annual and quarterly production for the full year and fourth quarter of 2017, respectively. Comparative information for the full year and fourth quarter of 2016 includes results for the Fosterville, Cosmo and Stawell mines prior to the merger between Kirkland Lake Gol...Read More
Mr. Mark Utting reportsKIRKLAND LAKE GOLD REPORTS RECORD ANNUAL AND QUARTERLY PRODUCTIONKirkland Lake Gold Ltd. has provided record annual and quarterly production for the full year and fourth quarter of 2017, respectively. Comparative information for the full year and fourth quarter of 2016 includes results for the Fosterville, Cosmo and Stawell mines prior to the merger between Kirkland Lake Gol...Read More
The final stretch of 2017 started with a bang for our Weekend Trader options recommendation services, as traders closed out three winners in three days. First, our Dollar Tree (DLTR) call option was closed out at a 102% gain on Nov. 29, less than two months after it was initially recommended. Then, on Nov. 30, a Kroger (KR) call option hit its target for a 104% return in a little over two weeks, w...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 search for directioncontinues in gold as the metal stays in a range between $1,305 and $1,328. Theprecious metal is still preparing to make a big move, and the inability tobreak out over $1,330 on a weekly chart suggests that prices will be headedlower before they go higher. This consolidation patterncan last for an extended period of time and although a big move is coming, it'snot imminent. C...Read More
BEIJING (Reuters) - China is diversifying its foreign exchange reserves in order to safeguard their value, the country’s currency regulator said on Thursday, while dismissing a media report the government is halting or reducing its purchases of U.S. debt.Bloomberg News reported on Wednesday that Chinese officials reviewing the country’s vast foreign exchange holdings had recommended sl...Read More
Summary of 2017 in the gold market from the perspective of its fundamentals.Main drivers of the gold prices.Investment conclusions for 2018.So another year has passed. How quickly it happened! But we hope that you did not get bored, and instead took time to learn more about the fascinating gold market. At first glance, 2017 seems to have been a dull period for the yellow metal, as it was traded wi...Read More
--Rio Tinto has dropped out of the bidding for a stake in Sociedad Quimica y Minera de Chile, one of the world's top lithium producers, as it pursues other ways to capitalize on the electric-car boom, Bloomberg reports, citing unnamed sources. --Rio decided not to proceed with an offer for Nutrien Ltd.'s 32% stake in Santiago-based SQM--worth about $5 billion at current market prices--after conduc...Read More
Global miner Rio Tinto (ASX, LON:RIO) is said to have ditched plans to own a stake in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer, due to a mix of tricky politics and the fact that such miner is currently the target of several claims.Chilean authorities accuse SQM of underpaying royalties, environmental violations and illicit political financing, which have ma...Read More
Global miner Rio Tinto (ASX, LON:RIO) is said to have ditched plans to own a stake in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer, due to a mix of tricky politics and the fact that such miner is currently the target of several claims.Chilean authorities accuse SQM of underpaying royalties, environmental violations and illicit political financing, which have ma...Read More
Mr. Peeyush Varshney reportsCANADA ZINC METALS ANNOUNCES COMPLETION OF INITIAL EARN-IN ON THE PIE OPTION PROPERTIESTeck Resources Ltd. and Korea Zinc Co. Ltd. have delivered to Canada Zinc Metals Corp. an exercise notice regarding the optionees' first option on the Pie, Yuen and Cirque East properties. Background The Pie, Yuen and Cirque East properties are the subject of an option agreement conc...Read More
Mr. Peeyush Varshney reportsCANADA ZINC METALS ANNOUNCES COMPLETION OF INITIAL EARN-IN ON THE PIE OPTION PROPERTIESTeck Resources Ltd. and Korea Zinc Co. Ltd. have delivered to Canada Zinc Metals Corp. an exercise notice regarding the optionees' first option on the Pie, Yuen and Cirque East properties. Background The Pie, Yuen and Cirque East properties are the subject of an option agreement conc...Read More
Mr. MichaelAllen reports5.30 METRES OF 16.52 G/T GOLD DRILLED AT NORTHERN EMPIRE'S STERLING MINENorthern Empire Resources Corp. has released results of three diamond drill holes recently completed at the Sterling mine, located within Northern Empire's 125-square-kilometre Sterling gold project in Nye county, Nevada.Michael G. Allen, president, chief executive officer and director, stated: "We cont...Read More
Mr. MichaelAllen reports5.30 METRES OF 16.52 G/T GOLD DRILLED AT NORTHERN EMPIRE'S STERLING MINENorthern Empire Resources Corp. has released results of three diamond drill holes recently completed at the Sterling mine, located within Northern Empire's 125-square-kilometre Sterling gold project in Nye county, Nevada.Michael G. Allen, president, chief executive officer and director, stated: "We cont...Read More
Botswana's Okavango Diamond Company (ODC) posted a 4 percent jump in sales to $567 million in 2017, the highest annual sales since its formation in 2013, the company said on Thursday.The state-owned company sold 3.41 carats of diamonds in 2017, managing director Marcus ter Haar told Reuters, adding that the year was characterised by healthy demand and prices in the first half, weakening from July...Read More
(Bloomberg) - Electric vehicles could hold the key to BHP Billiton Ltd. finally finding a buyer for its unwanted nickel operations.The world's top miner is accelerating plans to transform Nickel West in Western Australia into a linchpin of the global supply chain for electric vehicle batteries. The switch in focus promises to woo new suitors after an aborted 2014 attempt to sell the business, a su...Read More