CloseGain/LossGold $1297.10+$0.60Silver$16.68+$0.19XAU83.38+0.40%HUI178.88+0.12%GDM627.82+0.69%JSE Gold1031.20+5.57USD93.66-0.25Euro117.72+0.55Yen90.80-0.36Oil$64.73-$0.7910-Year2.972%+0.052T-Bond143.40625-0.90625Dow25146.39+1.40%Nasdaq7689.24+0.67%S&P2772.35+0.86% The Metals: Gold chopped between $1299.40 and $1294.20 in Asia and London before it climbed to a new session high of $1301.60...Read More
by Simon Constable for Middle East EyeTurkey's central bank has accumulated an additional 400 metric tonnes of gold since 2011 (Image via Wikimedia)Turkey's economy has been in a tailspin with an inflationary currency, but the country is using something rare to help stabilise itself: gold.In late 2011, Turkey started to allow commercial banks to use gold instead of the Turkish lira for their req...Read More
Tesla shares bounced after Musk said it'sRead full newsRead More
Troubles in the Middle East aren't having an effect on gold, according to self-taught investor David Erfle. But the US dollar, which continues to strengthen, is a major force.Read full newsRead More
Lithium, copper and nickel companies raised big money during the first quarter in 2018.Investors poured US$325M into lithium companies. Most of the money went to Orocobre. Toyota bought 15% of the Australian-based lithium company.As usual gold was on top. Half the US$832M closed went to Lundin Gold to advance its Fruta del Norte gold project in Ecuador.Cobalt was way down the list at just $23M, ho...Read More
Renforth Resources (CSE:RFR) announces that Eagle Geophysics, of La Sarre Quebec, will fly a tightly spaced heli-mag survey over Parbec to acquire detailed data to aid in ongoing deposit interpretation. Read full newsRead More
New CEO shares his plans for the next yearRead full newsRead More
Mr. Guy Goulet reportsGENIUS PROPERTIES LTD. WILL RESUME TRADING ON THE CANADIAN SECURITIES EXCHANGE ON JUNE 7, 2018, PROVIDES UPDATE ON PROPOSED TRANSACTION, ANNOUNCES APPOINTMENT OF NEW CFO AND CLARIFIES INFORMATION PREVIOUSLY DISCLOSEDGenius Properties Ltd. has received the conditional approval of the Canadian Securities Exchange in connection with the proposed transaction with Cerro de Pasco R...Read More
Shares in Solgold plc (LON, TSX:SOLG) jumped at the open after the company released the latest set of drill results from its massive Cascabel copper-gold project in northern Ecuador. In Toronto on Wednesday, Solgold shares added as much as 8.5% from yesterday's close in higher than usual volume for a market capitalization of $714m before paring some of those gains.The latest in a string of resul...Read More
Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More
Impala Platinum (JSE:IMP), the world's No. 2 producer of the metal, said on Wednesday it had resolved a long-standing legal dispute with Zimbabwe by agreeing to give up almost half of its mining land to the government.In exchange, the Zimbabwean government has given Zimplats two leases valid for the life of its operations. The South African miner, known as Implats, said that in exchange for relea...Read More
Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More
Shares in London-listed Botswana Diamonds (LON:BOD) received a fresh shot in the arm on Wednesday after the miner said it had been granted rights to explore a piece of land close to the Venetia mine, operated by De Beers, which delivers around 40% of South Africa's annual diamond production.The miner believes past explorers "systematically under-estimated" the grade and diamond quality of the 2.5-...Read More
B2Gold Corp. (TSX:BTO) (NYSE AMERICAN:BTG) (NSX:B2G) (Read full newsRead More
State regulators gave the Canadian company the OK to excavate wetlands and possibly relocate any endangered species at the Upper Peninsula site.Read full newsRead More
Experts have long warned that bitcoin is not as private as it appears. The very design of bitcoin, as well as some other virtual currencies, can lend a surprisingRead full newsRead More
Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More
Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More
Gabriel Resources (TSX-V:GBU) will have to wait until late next year to find out whether Romania will have to pay it $4.4 billion in alleged losses related to the company's Rosia Montana gold and silver project, which the government of that country refused to approve following relentless protests.The miner said the suit, filed last year at a World Bank's tribunal, was met with a counter claim from...Read More
South African gold miner Harmony Gold raised just over 1.05 billion rand ($82 million) via the issue of new shares, it said on Wednesday, raking in cash to pay down debt used for an acquisition.Harmony took out loans to partly fund the $300 million acquisition of the Moab Khotsong mine earlier this year in a deal that the company said would significantly boost its operational cash flow.The com...Read More