(Kitco News) - Despite stronger economic growth in 2018, Capital Economics is warning investors of a looming slowdown, estimating a 1.3% GDP growth in 2020 and a reversal of Federal Reserve’s tightening cycle.“Fueled by the fiscal stimulus, we expect GDP growth to be 2.9% this year but, as the stimulus fades and higher interest rates become a bigger drag on the economy, growth should s...Read More

The Upper Juanita Zone at the Silver Range/Trifecta Gold Yuge property in northern Nevada. Access road in background. Source Trifecta Gold Ltd.Silver Range Resources Ltd. [SNG-TSX] announced results from initial exploration work on the Yuge property with partner Trifecta Gold Ltd. [TG-TSXV; TRRFF-OTC]. Silver Range granted Trifecta a staged option to earn up to a 75% interest in the Yuge property...Read More

Ghanaian authorities have approved a $185-million partnership between South Africa's Gold Fields (JSE, NYSE: GFI) and Canada's Asanko Gold (TSX: AKG) aimed at developing one of the West African country's newest gold mine.The Ghanaian Minister of Lands and Natural Resources' approval, said the companies, was the main hurdle they needed to clear to complete the previously announced joint venture dea...Read More

Sumitomo's move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.Read full newsRead More

Japanese trading house Sumitomo Corp on Thursday said it had agreed to buy a 5-percent stake in the Yanacocha gold mine in Peru for $48 million, as it looks to boost its assets in the metals sector.Read full newsRead More

In an effort to expand its ownership in Curraghinalt, one of the world's best undeveloped gold deposits, Orion has agreed to acquire Dalradian Resources for a recommended cash offer of C$1.47 per share.Read full newsRead More

Miners around the globe dug up 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world's leader Chile, data released by the International Copper Study Group (ICSG) shows.The general increase, a 7.1% compared to Q1 2016, was mirrored by both concentrates (+7%) and solvent extraction-electrowinning or SX-EW (+7.3%) pro...Read More

Investing.com - Gold prices remained at six-month lows on Thursday, as trade tensions between the U.S. and China resurfaced.Comex gold futures for August delivery were down 0.46% to $1,268.60 a troy ounce as of 10:57 AM ET (14:57 GMT).Tensions between the U.S. and China continue, as the two largest economies in the world faced a tit-for-tat over trade tariffs. Earlier this week U.S. President Dona...Read More

Bonterra will acquire all of Metanor's issued and outstanding shares in an acquisition that both companies hope will result in resource growth, exploration synergies and a de-risked path to production.Read full newsRead More

(Kitco News)- The world’s biggest fund manager still sees a case for gold,it’s just warning investors not to be overweight the precious metal in theirportfolios.In its latest monthly gold report, analysts at BlackRockwarned that they expect gold prices to remain range bound for the nextyear-and-a-half as the yellow metal faces an uphill battle against a growingglobal economy.“We...Read More

Glencore Canada has right of first refusal over the silver stream transaction and has 60 days to purchase the agreement on the same terms, Falco said.Under the agreement, Osisko (TSX: OR) will buy 90% of Horne 5's payable silver, and up to 100% if it elects to make the optional, fifth deposit.It will make staged payments totalling up to $180 million, and will also purchase a secured, $7 million (U...Read More

Bonterra said had entered a binding letter of intent, to acquire all of Metanor's shares for C73c in equity consideration, which represented a 40% premium based on its 30-day volume weighted average price and put the value of the transaction at $78 million (US$59 million).Read More

Gold prices are far from shining right now.  Gold prices are modestly higher in early U.S. trading Monday, on a corrective, short-covering bounce after sharp losses Friday that saw the market hit a six-month low. There is also some risk aversion in the marketplace today that might also be giving gold some mild support. August Comex gold futures were last up $3.70 an ounce at $1,282.20. July...Read More

The Honduran Fire Department informed that four people died, half of them women, and five were injured following a landslide at an artisanal gold mine in the town of El Retiro, 180 kilometres north of Tegucigalpa.According to Reuters, the Fire Department said that the miners were covered in sand and stones while they were cleaning up the ore they had extracted from the mine to separate it from the...Read More

Feasting on a global demand for cobalt and copper, the mining industry in the Democratic Republic of Congo is flourishing -- but two clouds are spoiling its sunlit future.First is the lack of power, which is holding back the development of the minerals processing sector and crimping the country'Read full newsRead More

Vale S.A. (NYSE: VALE) has agreed to streaming deals for cobalt from its Voisey's Bay nickel mine in order to finance an expansion. News reports describe this as the world's biggest cobalt stream ever. Streaming companies upfront money in exchange for a share of future production. Wheaton Precious Metals (NYSE, TSX: WPM) and Cobalt 27 Capital Corp. will provide Vale a combined $690 million in fund...Read More

   •  Easing geopolitical tensions prompt some fresh selling on Tuesday.   •  A modest uptick in the US bond yields adds to the downward pressure.   •  Traders eye US CPI for some impetus ahead of Wednesday’s FOMC decision. Gold held on to its mildly weaker tone through the mid-European session on Tuesday and is currently placed at...Read More

(Bloomberg) - For the past year, car manufacturers, battery makers and tech companies have been racing to secure long-term supplies of cobalt, the metal whose scarcity risks upending the electric vehicle revolution.Now, Vale SA has struck the first truly large-scale, long-term contract to sell cobalt from its Voisey's Bay mine in Canada to Wheaton Precious Metals Corp. and Cobalt 27 Capital Corp....Read More

 CloseGain/LossGold $1296.10-$4.30Silver$16.86-$0.07XAU83.82+0.22%HUI180.26+0.05%GDM627.16-0.00%JSE Gold1060.05+0.27USD93.80+0.22Euro117.51-0.34Yen90.65-0.27Oil$66.36+$0.2610-Year2.960%+0.007T-Bond143.6875+0.03125Dow25320.73-0.01%Nasdaq7703.79+0.57%S&P2786.85+0.17%  The Metals: Gold dipped $7.20 to $1293.20 in early New York trade before it bounced back to $1299.60 by late...Read More

By Scott Patterson Swiss mining giant Glencore PLC unveiled a sweeping $5.6 billion restructuring of its troubled Congo copper company, Katanga Mining Ltd., resolving a heated dispute with Congo's state-run mining company about a massive debt load it has built up over the past decade. Glencore said Katanga Mining will issue $5.6 billion in stock, which it will use to retire debt. The company had...Read More