Mining Articles

Gold Seeker Closing Report: Gold Ends Slightly Lower While Silver Rises Over 1%

2 May, 2018 / Chris Mullen, Gold Seeker Report

CloseGain/LossGold $1304.50-$0.60Silver$16.37+$0.20XAU81.92+0.61%HUI180.59+0.78%GDM624.96+0.28%JSE Gold1154.73+50.13USD92.81+0.34Euro119.41-0.53Yen91.20-0.03Oil$67.81+$0.5610-Year2.976%+0.007T-Bond143.0625-0.09375Dow23924.98-0.72%Nasdaq7100.90-0.42%S&P2635.67-0.72% The Metals: Gold gained $6.50 to $1311.60 in Asia before it dropped back to $1304.10 in midmorning New York trade and then jum...Read More

#Gold price drops as US dollar strengthens prior to Fed meeting

Wed May 02 18:50:03 2018 / Staff reporter

Gold fell to a six-week low as the dollar strengthened ahead of a Fed policy meeting, causing the yellow metal to break through key support levels.Read full newsRead More

#Cryptocurrency Daily Update - May 2, 2018

Wed May 02 17:54:06 2018 / Staff reporter

Bitcoin (BTC) has shrugged off yesterday's negative results to claw back above the US$9K mark. Bitcoin began April at US$6,816, but started May at $9,067 - a rise of US$2,251 - making it the best month of 2018 for any crypto. Bitcoin is currently up on the day at US$9,113.70, a bump of ...Read full newsRead More

Yamana exceeds gold production plans in Q1

May. 2, 2018, 5:40 PM / Valentina Ruiz Leotaud

Yamana Gold (TSX:YRI)(NYSE:AUY) announced today that gold production exceeded its plan for the first quarter of 2018.In a media statement, management detailed that gold equivalent ounce production from Yamana mines for the first quarter was 211,246, including 199,555 ounces of gold and 899,261 ounces of silver. Total attributable gold production was 248,088 ounces of gold, including attributable p...Read More

FTSE 100 rises for fifth session a row, buoyed by miners

17:15 02 May 2018 / Jamie Ashcroft

FTSE 100 gains 23 pointsUK Construction PMI beats expectationsHousebuilding shares stay weakPound lifts off a 4 month lowThe FTSE 100 rose for the fifth session in a row on Wednesday, helped by a recovery in metal prices.The FTSE 100, chock-full as it is with mining companies, rose 23 to close at 7,543.Steel giant Evraz plc (LON:EVR), up 5.2%, led the advance, followed closely by mining titans Ang...Read More

Wall Street tumbles as Bay Street wavers:

Wed May 02 16:41:52 2018 / Staff reporter

Morning Market Breakdown, May 2: As the TSX attempted to find gains on Wednesday morning, both the Dow Jones and S&P 500 struggled in the red.Read full newsRead More

U.S. cuts off Brazil tariff talks, adopts steel import quotas

May. 2, 2018, 4:21 PM / Reuters

Brazil on Wednesday contradicted a United States announcement that the two countries had reached a deal on a permanent exemption from steel and aluminum import tariffs, saying the Trump administration had unilaterally cut off talks.Representatives for Brazil's industry decried U.S. negotiation tactics, which the head of the association for aluminum producers, Milton Rego, called "Al Capone-like.""...Read More

Midatech Pharma doubles as biotech stocks excited by sector takeover moves

16:20 02 May 2018 / Jon Hopkins

Midatech Pharma Plc (LON:MTPH) (NASDAQ:MTP) shares doubled in price in late afternoon trading on Wednesday, adding 24.5p to 49p amid excitement over takeover moves in the biotech sector and on vague rumours of positive trial results, according to traders.The AIM-listed specialty pharmaceutical company - focused on the research and development of a pipeline of medicines for oncology and other thera...Read More

The Big Buzz: $TGOD Debuts on the #TSX

Wed May 02 16:17:46 2018 / Staff reporter

Now this really is a game-changer.In one of the most-anticipated public listings ever in Canadian history, The Green Organic Dutchman (TSX: TGOD, Forum) just commenced trading amid considerable fanfare.Also known as "TGOD", the Ontario-based company is on-track to become the wor...Read full newsRead More

Chairman of En+ says working on reducing Deripaska's stake

May. 2, 2018, 4:17 PM / Reuters

The chairman of En+ Group said on Wednesday he was working on implementing a plan that En+ hopes will lead to the United States lifting sanctions on the company, the biggest shareholder in aluminium giant Rusal.Greg Barker welcomed a decision by the U.S. Treasury on Tuesday to give investors an extra month to divest or transfer their holdings in En+ Group and other sanctions targets.Washington las...Read More

Mongolian Copper Corp considers international fight for Erdenet mine

May. 2, 2018, 4:09 PM / Reuters

Mongolian Copper Corporation (MCC) is considering international arbitration ahead of an expected government appeal against a court ruling the state's attempt to buy MCC's stake in one of Asia's biggest copper mines is illegal, the company said.The corporation has been fighting for more than a year to stave off the Mongolian government's push to gain full control of the Erdenet mine by buying MCC's...Read More

Medgold kicks off drilling at Tlamino gold project in Serbia

16:07 02 May 2018 / Andrew Scott

Dan James, president at Medgold Resources Corp. (CVE:MED), spoke to Proactive's Andrew Scott as a new programme of drilling got underway at the Tlamino gold project in Serbia.An initial programme of 1,250 metres in 11 drill holes will test high-grade gold mineralisation identified from channel sampling in 2017.  Meet Peninsula Mines Ltd, Silver City Minerals Ltd and Emmerson Resources Ltd at...Read More

Vast Resources CEO on Botswana Diamonds MoU and wider company strategy

15:28 02 May 2018 / Andrew Scott

Vast Resources PLC (LON:VAST) CEO Andrew Prelea caught up with Proactive Investors to discuss the thinking behind their decision to team up with Botswana Diamonds PLC (LON:BOD) to investigate diamond opportunities together in Zimbabwe.Under the terms of the MoU, the two companies have agreed to  exchange information derived from past exploration on areas prospective for diamonds in Zimbabwe a...Read More

War on coal is making the world's top mine owners a lot richer

Wed May 02 15:02:57 2018 / Bloomberg

The world's war on coal is making its biggest producers a lot richer, at least for now.Read full newsRead More

A restaurant in NYC serves a $1,000 gold wings developed by a friend of the Kardashians

Wed May 02 14:56:47 2018 / Staff reporter

The INSIDER team visits The Ainsworth in New York City to try $1,000 gold wings that Jonathan Cheban, otherwise known as Foodg??d, created with the restaurant. ARead full newsRead More

A restaurant in NYC serves a $1,000 gold wings developed by a friend of the Kardashians

Wed May 02 14:56:47 2018 / Staff reporter

The INSIDER team visits The Ainsworth in New York City to try $1,000 gold wings that Jonathan Cheban, otherwise known as Foodg??d, created with the restaurant. A plate of 50 wings is served with a bottle of champagne.Read full newsRead More

Pacton Gold Announces Increase in Private Placement to $5,550,500

Wed May 02 14:39:07 2018 / Pacton Gold

Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the 'Company' or 'Pacton') is pleased to announce that it has entered into an amended agreement with Sprott Capital Partners to act as lead agent (the 'Lead Agent'), on its own behalf and on behalf of a syndicate of agents including Red Cloud Klondike Strike Inc.Read full newsRead More

RT @BaseMetals: Hamish Sampson, @CRUGROUP "More investment is needed to develop new #copper mines"

Wed May 02 14:24:44 2018 / Paul Robinson

Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.Read full newsRead More

Gold Mineralized Zones at Signature's Lingman Lake Property Respond to Geophysical Survey

Wed May 02 13:36:08 2018 / Staff reporter

Signature Resources Ltd. (TSXV:SGU, OTCQB:SGGTF) ('Signature' or the 'Company') is pleased to announce that preliminary interpretation of the recently completed Terraquest airborne geophysical survey shows that the gold mineralized zones at Lingman Lake display correlation to both the magnetic and electromagnetic components of the survey.Read full newsRead More

Maple Gold drills 158.2 m of 1.25 g/t Au at Douay

2018-05-02 12:54 / Mr. Matthew Hornor reports

Mr. Matthew Hornor reportsMAPLE GOLD REPORTS DRILL RESULTS FROM CENTRAL PORPHYRY ZONE AT DOUAY: 158.2M @ 1.25 G/T AU, INCLUDING 52 METRES @ 3.53 G/T AUMaple Gold Mines Ltd. has released additional drill results from its current winter drilling campaign at the Douay gold project. Hole DO-18-216 intersected52 metres grading 3.53 grams per tonne gold (uncut), within a broader 158.2-metre interval gra...Read More

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