Recent News

Gold Inches Up as Political Worry in Italy Continues

May 31, 2018 / in.investing.com

Investing.com - Gold prices inched up on Wednesday, as political uncertainty in Italy continued.Comex gold futures for June delivery were up 0.12% to $1,300.60 a troy ounce as of 10:32 AM ET (14:32 GMT).The price of gold moved higher as Italy’s political crisis deepened. Last minute efforts to form a government seem unlikely, with the prospect of elections in July. Investors fear a snap elec...Read More

The case for investing in platinum

May 29, 2018 / www.mining.com

Source: Maurice Jackson for Streetwise Reports 05/29/2018Jamie Keech of Capital Exploits talks with Maurice Jackson of Proven and Probable about what he sees as the benefits of investing in Platinum Group Metals.Maurice Jackson: Joining us today is Jamie Keech of Capitalist Exploits. Today we'll be discussing platinum. Jamie, thank you for talking with me today about platinum. First, tell us a...Read More

.@PactonGold continues expansion in #Australia's Pilbara area:

May 29, 2018 / ow.ly

Just a week after nabbing Drummond East, Pacton Gold has entered into a letter of intent to acquire 100 percent of Gardner Mining's Friendly Creek.Read full newsRead More

Gold Falls And Sits At The $1,300 Level

May 30, 2018 / seekingalpha.com

The dollar and rates were too much for the yellow metal.Gold declines, but it has not tanked.A seasonal move?The critical levels for gold.A buy when it looks the worst.In 2016, gold traded at its lowest level for the year on the first session in early January. The price traded at a low of $1061 on that day and never looked back closing the year at the $1152 per ounce level. In 2017, we witnessed t...Read More

Zimbabwe: Gold Panners - Brothers Suffocate to Death in Mine Shaft

May 28, 2018 / dlvr.it

Two illegal miners from Madondo Village, under Chief Serima in Gutu, were recently found dead in a goldmine where they were prospecting for the precious mineral.Read full newsRead More

Court: more study needed on Yellowstone-area gold mining

May 28, 2018 / dlvr.it

A gold exploration proposal near Yellowstone National Park faced a significant setback as a judge blamed Montana officials for understating the potential for mining to harm land, water and wildlife. The ruling released Friday means the Montana Department of Environmental Quality would have...Read full newsRead More

Graphite One Successfully Completes $2.1 Million Financing

May 28, 2018 / kincommunications.com

Vancouver, BC - Graphite One Resources Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company"), is pleased to announce that it has completed a non-brokered private placement offering (the "Offering"), raising gross proceeds of CA$2,143,050.The net proceeds of the Offering will be used for exploration and development of the Company's Graphite Creek Project and for general working ca...Read More

Advancing one of Canada's Highest-Grade Gold Projects

May 28, 2018 / www.stockhouse.com

Bonterra Resources Inc. (TSX: V.BTR, OTCQB: BONXF, Forum) is a well-financed Canadian gold exploration company, currently moving forward with deposit extension and resource expansion, in and around its new high-grade Gladiator Gold Deposit. We are located in the Abitibi Greenston...Read full newsRead More

Gold Prices Fall on Easing Geopolitical Tensions

May 29, 2018 / in.investing.com

Investing.com - Gold prices were lower for the second consecutive session on Monday, falling further below the $1,300 level amid waning safe haven demand on the back of easing geopolitical tensions.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.40 or 0.56% to $1,296.40 a troy ounce by 05:03 AM ET (09:03 AM GMT), not far from an overnight low o...Read More

Trump metals tariffs make Granite City great again, but at what cost?

May 27, 2018 / www.mining.com

After Donald Trump was elected president in 2016 on a pledge to "Make America Great Again" and revive the country's old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois.That day has arrived. Chrusciel, 61, is one of around 500 workers United States Steel Corp is re-hiring or recruiting as it readies for prod...Read More

Electric vehicles seen driving cobalt crunch by mid-2020s

May 25, 2018 / www.mining.com

LAS VEGAS (Reuters) - The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in rechargeable batteries.The Democratic Republic of Congo (DRC) produces nearly two-thirds...Read More

Gold Bounces but Miners are Underwhelmed

May 25, 2018 / www.kitco.com

The Dovish Fed minutes on Wednesday, coupled with President Donald Trump cancelling his much-anticipated historic meeting with North Korean Leader Kim Jong Un yesterday, has sent gold back above the $1300 level. However, with gold becoming over-sold when hitting support near $1280 earlier this week, the inevitable bounce has yet to inspire very much enthusiasm into gold stock investors. This does...Read More

Gold miner Centamin cuts output targets on lower grade ore

May 25, 2018 / www.mining.com

LONDON, May 25 (Reuters) - Gold miner Centamin has made a drastic cut to its full-year production guidance and raised its cost expectations because of lower grade ore at its Sukari mine in Egypt.Gold output in 2018 will now be between 505,000 and 515,000 ounces, compared with a previous forecast of 580,000 ounces, Centamin said in a production update on Friday.Centamin's all-in sustaining cost of...Read More

Chile's Pi??era taps businessman Benavides as Codelco chairman

May 25, 2018 / www.mining.com

Chilean President Sebastian Pinera named Juan Benavides, a former chief executive officer of Chile retail leader Falabella, as chairman of the board of directors at Codelco, the world's top copper producer, the government said on Friday.Benavides was currently serving as chairman at Chilean private pension fund manager AFP Habitat.The 60-year-old Benavides had previously led Falabella, one of Lati...Read More

Vancouver miner expanding in under-explored area of Atlantic Canada

May 25, 2018 / www.mining.com

Labrador Gold (TSXV: LAB) announced today that it is staking additional 92 claims at the Hopedale project, located 30 kilometres southwest of the community of Hopedale in eastern Labrador, Canada.In detail, the claims are situated at the northern end of the Florence Lake greenstone belt, which is adjacent to the Thurber Dog area where the company has reported grab samples up to 7.87 g/t gold and w...Read More

Mining companies still reluctant to tap Argentina deposits

May 23, 2018 / www.mining.com

Despite Argentine President Mauricio Macri's pro-business policies, international mining companies are still reluctant to invest in Argentina amid a lack of regulatory clarity.More than two years into Macri's term, the country's dormant gold, silver, lithium and copper reserves - some discovered more than half a century ago - remain mostly untapped. "Conditions in Argentina are not sufficient for...Read More

Gold Upticks A Bit On Slightly Dovish FOMC Minutes

May 23, 2018 / www.kitco.com

(Kitco News) - Gold prices are near steady in afternoon U.S. trading Wednesday, in the wake of the just-released FOMC minutes that were deemed as tilting barely toward the dovish camp on monetary policy. June Comex gold futures were last down $0.30 an ounce at $1,291.70. July Comex silver was last down $0.14 at $16.435 an ounce. The U.S. data-point highlight of the week is Wednesday afternoon&rsqu...Read More

Silver Refuses To Follow Gold, So Far

May 24, 2018 / seekingalpha.com

Gold falls to a new low in 2018; silver does not.Silver's range has been narrowing.A big move can follow a tightening range.Silver loves to shock.The ratio tells us that silver is still too cheap.Gold and silver have been closely linked for over five thousand years. In around 3000 BC, the first Egyptian Pharaoh Menes stated that two and one-half parts silver equal one-part gold. The statement...Read More

Gold Falls as Investors Look Ahead to Fed Meeting Minutes

May 24, 2018 / in.investing.com

Investing.com - Gold prices were lower on Wednesday, as investors looked ahead to the meeting minutes of the Federal Reserve and the dollar strengthened.Comex gold futures for June delivery were down 0.24% to $1,288.90 a troy ounce as of 10:34 AM ET (14:34 GMT).Investors are looking ahead to the latest meeting minutes from the Federal Reserve. The minutes are set to be released at 2:00 PM ET (18:3...Read More

Goldcorp says Peru and Nevada would make portfolio perfect

May 22, 2018 / www.mining.com

(Bloomberg) - Goldcorp Inc. Chief Executive Officer David Garofalo says he's happy with his company's portfolio of assets, but that doesn't mean he doesn't have a wish list.In an ideal world, the company would have an asset in Nevada's Carlin Trend. "If you're an Americas-based gold company, you should be there. Barrick and Newmont are there and we should be there," he said in an interview in Tor...Read More

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