* Qatar rebounds early on but soon falls back* Stocks related to foreign trade are hit hard* Saudi petchems hit after Qatar crisis pulls down oil prices* Drake & Scull continue rebound in Dubai* Egypt's Remco Tourism leaps on sales plan By Andrew TorchiaDUBAI, June 6 (Reuters) - Most Gulf stock markets fell on Tuesday as the diplomatic crisis surrounding Qatar worried investors, while Egypt's equ...Read More
Mr.Mark Kolebaba reportsADAMERA STARTS DRILLING IN WASHINGTON STATEAdamera Minerals Corp.'s2017 drilling program in Washington State is under way. The first hole to be drilled is on the Oversight target immediately east of the past-producing Overlook gold mine. The drill hole will test a 70-metre deep VTEM (versatile time-domain electromagnetic) conductor supported by soil geochemistry (see May 24...Read More
NAIROBI, June 6 (Reuters) - The Monetary Policy Committee of Kenya's central bank will meet to set lending rates on July 17, the bank said on Tuesday.At its meeting in late May, the policymakers held the bank's benchmark lending rate at 10.0 percent. (Reporting by George Obulutsa) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc...Read More
MADRID, June 6 (Reuters) - The Bank of Spain's head said on Tuesday the Spanish economy could grow faster in 2017 than previously forecast, possibly above 3 percent."It can't be ruled out that the growth estimated for this year will be greater than anticipated a few months ago, and could even be above 3 percent," Luis Maria Linde said in a speech at Spain's Senate.In April, the Bank of Spain forec...Read More
JOHANNESBURG, June 6 (Reuters) - South Africa's Treasury sold a total of 2.65 billion rand ($207 million) worth of its 2035 , 2044 and 2048 instruments on Tuesday.Yields fell compared with previous auctions.R2035 BOND: Feb 28, 2035 - 8.875 pct couponAuction date:06/06/17 09/05/17Best bid %9.23 9.48Worst bid % 9.59.665Clearing yield %9.39 9.515Total bids (R'bln)1.79 2.475Allotted (R'bln)0.90.9Bid-t...Read More
Silver and gold continue to rally.Odd trading occurred on Friday.The EU has been cut loose by Trump and will not likely stand.The anti-dollar rally will likely continue this week.Silver (NYSEARCA:SLV) is on a tear. It has retraced more than half of a brutal sell-off that began in mid-April which saw more than $2.60 shaved off the price. That sell-off cut short a rally that looked strong enough to...Read More
* Former FBI director to testify before Congress on Thursday* UK election outcome, ECB meeting also on same day* Oil falls further below $50 as Mideast rift weighs* Indexes down: Dow 0.22 pct, S&P 0.24 pct, Nasdaq 0.20 pct (Updates to open)By Tanya AgrawalJune 6 (Reuters) - U.S. stocks opened lower on Tuesday as investors shunned riskier assets ahead of what is expected to be a busy Thursday, when...Read More
TORONTO, June 6 (Reuters) - Canada's main stock index fell on Tuesday, tracking global market sentiment, with financials and energy stocks leading the index lower.The Toronto Stock Exchange's S&P/TSX composite index fell 36.69 points, or 0.24 percent, to 15,373.09 shortly after the open.Seven of the index's 10 key sectors were in the red, with materials, which rallied on surging gold prices, among...Read More
Mr. Quinton Hennigh reportsNOVO ANNOUNCES CHANGES IN MANAGEMENT TEAM, APPOINTS NEW CEO AND CFO Novo Resources Corp. has appointed Robert Humphryson as the company's chief executive officer (CEO).Dr. Quinton Hennigh will become Novo's first chairman and retain his position as president.Mr. Humphryson, a mining engineer, graduated from the Western Australian School of Mines in 1990. Mr. Humphryson h...Read More
By Huw JonesLONDON, June 6 (Reuters) - The collapse of Deutsche Boerse and London Stock Exchange's attempt to create a superbourse has left exchanges focusing on low key, incremental acquisitions, top bourse officials said on Tuesday.The third attempt to link up London and Frankfurt ended in March after it faced opposition from European Union competition regulators, and from German officials who o...Read More
Mr. Peter Tallman reportsKLONDIKE GOLD COMMENCES 2017 DRILL PROGRAMKlondike Gold Corp. has commenced diamond drilling and geophysical surveying as part of a $2-million exploration program within the company's Klondike district property inYukon. The company exploration plan for 2017 includes 50 to 60 diamond drill holes as well as targeted geophysical surveying, soil sampling, mapping and prospecti...Read More
Mr. John Burzynski reports OSISKO SUBMITS PROJECT DESCRIPTION AND PRELIMINARY PROJECT INFORMATION FOR WINDFALL Osisko Mining Inc. has filed the project description with the federal government (Canadian Environmental Assessment Agency or CEAA) and the preliminary project information with the Quebec government (Ministere du Developpement durable, de l'Environnement et de la Lutte contre les changeme...Read More
Dr. John-Mark Staude reportsRIVERSIDE RESOURCES SAMPLES UP TO 113 G/T GOLD AND 310 G/T SILVER AT THE CECILIA PROJECT IN SONORA, MEXICORiverside Resources Inc. has released initial results from the company's first phase exploration program at the Cecilia project located in northeastern Sonora, Mexico. Riverside's exploration team is targeting epithermal gold-silver mineralization hosted by a felsic...Read More
Mr. Jeff Pontius reportsCORVUS GOLD ACQUIRES MOTHER LODE PROPERTY FROM GOLDCORP, 10 KILOMETRES SOUTHEAST OF THE NORTH BULLFROG PROJECT, NEVADACorvus Gold Inc. has agreed toacquire the Mother Lode property in Nevada from Goldcorp USA Inc.Corvus Gold plans to purchase 100 per cent of the Mother Lode property, covering approximately 250 acres and containing a historic (non-National Instrument 43-101...Read More
Stock futures moved lower on Tuesday morning as investors awaited clarity on a number of market-moving events later in the week. S&P 500 futures were down 0.3%, Dow Jones Industrial Average futures slid 0.24%, and Nasdaq futures declined 0.22%. Wall Street wasn't able to extend a record-breaking streak into a third session on Monday as a terror attack in London and lower oil prices teamed...Read More
An anonymous director reports CANACOL ENERGY LTD. PROVIDES COLOMBIA DRILLING AND ECUADOR UPDATE Canacol Energy Ltd. has provided the following updates for the Toronja 1 and Pumara 1 exploration wells, the 40-million-standard-cubic-foot-per-day gas pipeline project and an update concerning its Ecuadorian operation.Toronja 1 gas exploration well VIM 21 exploration and production contract, Lower Magd...Read More
Citi Researchsees precious metals peaking in the current quarter. "Reluctant to pick upslack in the market, investor anxiety suggests further headwinds persist into3Q 17," the bank says. "Multi-year low price volatility for both gold andsilver reinforce limited opportunity for investor participation and suggestslittle deviation from the current trend." The bank says the bid for gold hasremained in...Read More
* Exploration budgets under strain, harder to find new reserves* Commodity needs of China are changing as economy matures (Adds detail, context)LONDON, June 6 (Reuters) - Rio Tintoand China Minmetals Corp on Tuesday signed an outline deal on collaboration in mineral exploration, saying the partnership would position it to find the reserves needed for today's economy.Major miners have been seeking...Read More
(Kitco News) - Gold prices aresolidly higher and hit a six-week high in early U.S. trading Tuesday. Pricesare now within easy striking distance of the key $1,300.00 mark. Silver pricesare at a five-week high and are in a near-term uptrend. August Comex gold waslast up $10.70 an ounce at $1,293.30. JulyComex silver was last up $0.084 at$17.665 an ounce. There is a bitof risk aversion in the marketp...Read More
Mr. Chris Lodder reports BGM INTERSECTS 12.43 G/T AU OVER 7.20 METRES AT VALLEY ZONEBarkerville Gold Mines Ltd. has released additional drilling results from the continuing 130,000-metre phase II Island Mountain exploration drilling program at the company's flagship Cariboo gold project.The company is currently exploring and delineating the Valley zone with four drill rigs.Detailed drilling result...Read More