SANTIAGO, April 24 (Reuters) - The union of workers at BHP's Escondida copper mine in Chile, the world's largest, told Reuters on Tuesday it had made little progress on an early contract deal with management, making it "highly likely" that no agreement would be struck before official talks begin in June.The union accepted an offer to begin early negotiations with the Anglo-Australian miner in Marc...Read More

WINDHOEK, April 24 (Reuters) - Diamond and uranium producer Namibia may scrap requirements for black ownership in the mining sector as it seeks to woo investors to an industry that is rebounding with the commodities cycle, its new mines minister said on Tuesday.Regional peers such as Angola and Zimbabwe are also trying to kickstart their mining sectors by easing investment rules at a time when oth...Read More

(Kitco News) - Barrick Gold Corp. (NYSE, TSX: ABX) reported late Monday that first-quarter adjusted earnings rose from a year ago despite lower production, with the company’s profitability helped by higher gold prices. Adjusted net earnings climbed 5% to $170 million, or 15 cents per share, from $162 million, or 14 cents, in the first quarter of 2017. According to news reports, this was sli...Read More

It now has full ownership of the project's potential after closing a buy-back of the net smelter returns royalty from Glencore in November for C$11.25 million (US$8.75 million).Highlights of the latest results under the Sprite Zone bog include 6m at 8.36g/t gold from 95m; and a broader 40m at 1.12g/t from 100m.The company said the new bog zone QTP-gold veining was identical to the gold mineralisin...Read More

The new funds raised came via a combination of 12.5c shares issued with warrants attached (convertible at 25c within three years), and 18c flow-through units with the same warrant entitlement.Aben was trading at 16c at the time of writing, capitalising the company at $10.4 million. It traded up to 49c in mid-September last year.Pettit said Aben was keen to start drilling in the Golden Triangle aft...Read More

Palladium bullion has surged a massive 17% in just nine trading days. From $895/oz on Friday April 6th to over $1,052/oz today (April 19th). The price surge is due to palladium being due a bounce after falling in the first quarter and now due to Russian supply concerns.In a volatile month, precious metals and commodities have been the clear winners so far, with palladium having the greatest gain...Read More

Cranbrook-based Eagle Plains Resources (TSX-V: EPL) announced today that it has acquired, by staking, the 711-hectare Slocan Graphite Project, located 32 kilometres northeast of Nelson, British Columbia.According to the company, the property hosts several large flake graphite-bearing outcrops and float occurrences known as the Tedesco Zone. Results from carbon graphite analyses ranged in grade fro...Read More

TORONTO, Apr 19, 2018 (Canada NewsWire via COMTEX) -- Adventus and Salazar Announce Initial 2018 Results at the Curipamba Project, Including 10.35 Metres of 3.85% Copper, 5.12 g/t Gold, 10.34% Zinc, 139 g/t Silver and 0.95% Lead Adventus Zinc Corporation ("Adventus") (ADZN) and Salazar Resources Limited ("Salazar") (SRL) are pleased to announce the first drill holes from the 2...Read More

Goldboro Location MapAnaconda Mining Inc. (ANX-TSX, ANXGD-OTC), on Thursday released more drilling results from the company's Goldboro Project in Nova Scotia.Anaconda shares rallied on the news, rising 4.05% or $0.015 to 38.5 cents in late morning trading, Thursday.The latest results include assays from five drill holes (1,621 metres) of a 30-hole program that commenced in October 2017. The drill...Read More

Metal heads have been very patient in 2018 as Gold continues to press up against breakout resistance.One thing that has been missing is Silver strength... but yesterday's big move by Silver may be the lift that precious metals need.During bull markets for precious metals, silver tends to lead. Similar to small caps, it adds "beta" when bulls are in control. To measure this aspect, investors can...Read More

Investing.com - Gold prices moved higher on Wednesday, as the dollar saw little movement and investors looked ahead to references from the Federal Reserve.Comex gold futures gained $6.40, or around 0.5%, at $1,355.90 a troy ounce by 10:32AM ET (14:32GMT), while the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slipped 0.04...Read More

Silver is a stubborn metal.A $16-17 range.Watch out above.Gold will lead, and silver will take the baton.A bubbling bullish volcano.The price of silver has gone to sleep, and the precious metal is like a hibernating polar bear in summer these days. However, anyone who has bought or sold silver since the late 1970s knows that when the metal awakens, it can be a bucking bronco like no other. Silver...Read More

Mr. Ivan Bebek reportsAURYN INITIATES WORK AND EXPANDS LAND POSITION AT THE SOMBRERO GOLD AND COPPER PROJECTAuryn Resources Inc. has completed a long-term access agreement with the Huancasancos community which covers approximately half of the 2016 Sombrero claims located in southern Peru. The agreement gives Auryn surface access where exploration programs are under way in anticipation of an initia...Read More

Conflict with Syria should bolster gold's safe-haven demand.Silver has lagged, but is not a major factor for gold right now.Oil price strength is pointing to higher gold prices intermediate term.As if investors don't have enough incentives for safety purchases of the yellow metal, they just got another one over the weekend. The U.S.-led air strike on Syria in retaliation for the apparent use o...Read More

(Kitco News) - The recent positive gold price action has been restrained by a hawkish Federal Reserve outlook, said TD Securities in a report.“International tensions, a somewhat weaker USD and volatility in equities have taken gold as high as $1,365/oz this week. But, the yellow metal has yet to emerge from a tight trading range in the face of several expected increases in the Fed Funds rate...Read More

Barrick Reports Preliminary First Quarter Production Results last week.Gold Production for the first-quarter 2018 is disappointing even so it is still within guidance. Preliminary first-quarter production of 1.05 million ounces of gold, and 85 million pounds of copper.I recommend accumulating the stock on any weakness, especially at or under $12.50. Source: Barrick Gold Investment Thesis Barrick G...Read More

Investing.com - Gold prices swung between small gains and losses on Monday despite heightened geopolitical risk as markets assessed the fallout from U.S.-led missile strikes on Syria on Friday.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange edged up 60 cents or 0.04% to $1,348.50 a troy ounce by 04:40 AM ET (08:40 AM GMT).Safe haven demand for gold was held...Read More

The latest news and price moves to start the Asian day on Tuesday April 17.Aluminium on the London Metal Exchange continued its record-breaking rally by the close of trading on Monday April 16, soaring to a high of more than $2,400 per tonne ahead of the 5pm close. Read more in our live futures report.Here are how prices looked at Monday's close:The London Metal Exchange will allow open posit...Read More

(Kitco News) - Gold began to decline as soon as Asian markets opened early on Monday, with traders waiting for possible retaliatory moves from Russia after U.S., France, and Britain launched air strikes on Syria over the weekend.Spot gold on Kitco.com was last trading at $1,340.20, down 0.38% on the day, while Comex June gold futures were at $1.343.40, down 0.33% on the day.One hundred and five mi...Read More

Inside a few reasons that explain the recent rally in gold mining ETFs.Read full newsRead More