CloseGain/LossGold $1310.40-$6.40Silver$16.20-$0.13XAU78.13-0.68%HUI169.21-1.11%GDM594.85-0.78%JSE Gold1066.77+5.10USD90.41+0.54Euro122.46-0.92Yen94.08-0.15Oil$63.40+$1.3410-Year2.887%+0.035T-Bond144.8125-0.71875Dow24727.27+0.47%Nasdaq7364.30+0.27%S&P2716.94+0.15% The Metals: Gold fell $9.60 to $1307.20 at about 10:30AM EST before it climbed back higher into midday, but it still ended with...Read More
- $8.8B Sprott Inc. sees higher gold on massive consumer debt, defaults & bankruptcies - Rising and record U.S. debt load may cause financial stress, weaken dollar and see gold go higher- Massive government and consumer debt eroding benefits of wage growth (see chart)by BloombergRising U.S. interest rates, usually bad news for gold, are instead feeding signs of financial stress among debt-la...Read More
Most of the major markets struggled through Monday, but spent Tuesday morning rallying to try and get back into the green.Read full newsRead More
A loan of $4,800 helped a member to buy more beans, cassava, and maize flour for sale.Read full newsRead More
Radisson Mining Resources Inc.(TSXV:RDS) (OTC:RMRDF) (FRANKFURT:2RX) ('Radisson' or the 'Company') is pleased to announce the release of an updated resource estimate for its 100% owned O'Brien gold project ('O'Brien') located along the Larder-Lake-Cadillac Break ('L-L-C'), halfway between Rouyn-Noranda and Val-d'Or, two mining towns in the Pro...Read More
Graham Lumsden, chief executive of Motif Bio Plc (LON:MTFB, NASDAQ:MTFB), tells Proactive Investors they're taking some additional time over the new drug application (NDA) for iclaprim as they're keen to make the strongest possible submission to the US regulator.The next-generation antibiotic has been developed initially to treat acute bacterial skin and skin structure infections and has successfu...Read More
Ferrum Crescent Ltd's (LON:FCR) executive director Laurence Read talks to Proactive about plans to raise ?1mln to advance its Toral project in northern Spain and a name change to Europa Metals Limited.The funds will be used in three distinct stages, with a drilling programme to start in the summer to look for additional metal along the current strike.A scoping study is also planned to get a rough...Read More
Wealth Minerals strikes agreement over Chile lithium projectsRead full newsRead More
Cobalt company Cobalt 27 is seeing an ideal storm brewing for its key commodity as the adoption rate of electric vehicles (EVs) accelerates faster than even optimistic forecasts had speculated. "Cobalt 27 is a proxy for the adoption of the EV," executive chairperson Anthony Milewski told Mining Weekly Online in an interview. "What our most recent raise tells one is that the thematic is picking up...Read More
(Bloomberg) - First Quantum Minerals Ltd. plunged the most in almost two years as the miner was hit with a $7.9 billion tax bill by Zambia, which accounts for 84 percent of its revenue.First Quantum received a letter from the Zambian Revenue Authority dated Monday "noting an assessment for import duties, penalties and interest on consumables and spare parts," it said Tuesday in a statement. "The...Read More
LiDCO Group plc (LON:LID) saw its shares drop 7.5% in mid-afternoon trading to 6.1p after announcing the end of its distribution contract with Argon Medical Devices.The blood-flow monitoring company said the contract, which contributed ?1.4mln to LiDCO's overall sales in the last financial year, would end on 30 September 2018.Meanwhile, shares in GetBusy Plc (LON:GETB) fell 6.8% to 34p as the sof...Read More
Seeing Machines Limited's (LON:SEE) Ken Kroeger and Patrick Nolan talk to Proactive about a strong first half and the number of opportunities for its technology in aviation.Patrick Nolan, head of aviation, said he was excited about three applications: "Firstly, aircraft, then into the simulators with significant requirements for pilot training there."And thirdly what we are interested in is consol...Read More
Worries over the health of the UK retail sector will make full-year results from B&Q owner Kingfisher PLC (LON:KGF) a key focus on Wednesday.Ina preview, Graham Spooner, research analyst at The Share Centre noted: "The last update from Kingfisher, a third quarter statement in November, was notable for signs of continued weakness in the French businesses although the company said it remained on...Read More
Mick Billing, executive chairman of Thor Mining PLC (LON:THR) caught up with Proactive Investors too add some more detail around their recent decision to focus solely on their tungsten and copper interests in Australia and the US.Billing says the time has come to absolutely focus all efforts on Pilot Mountain, Molyhil and Kapunda. Meet Wolf Minerals, Thor Mining PLC, Rainbow Rare Earths Limi...Read More
(Bloomberg) - Mining companies in Ivory Coast called for talks with the government after it discontinued a tax exemption for industrial and commercial benefits.The measure would affect companies' "financial equilibrium" and could hurt foreign investment in the West African nation, an industry body representing the companies, known by its French acronym GMPCI, said in a statement published in the...Read More
Steve Hughes, VP of exploration at Asiamet Resources Limited (LON:ARS), tells Proactive ongoing resource delineation drilling at the BKZ prospect in Indonesia is continuing to intersect high-grade polymetallic and copper-silver mineralisation.Hughes adds they're in talks with a couple of drill contractors and are looking to have a second rig at Beutong within around 30 days to expand the programme...Read More
(The opinions expressed here are those of the author, a columnist for Reuters)By Andy HomeLONDON, March 20 (Reuters) - The last British tin mine closed in 1998.When South Crofty ceased operating, it brought the curtain down on two millennia of tin mining in the southwestern county of Cornwall.However, hope springs eternal in Poldark country, as the region has been dubbed after the hugely successfu...Read More
Dr. Quinton Hennigh reportsNOVO PROVIDES AN EXPLORATION UPDATE FROM COMET WELL Novo Resources Corp. has provided an update of exploration activities at Comet Well, part of Novo's greater Karratha gold project located in the Pilbara region of Western Australia. Trenching, bulk sampling and scout diamond drilling are currently under way, and the first results from recently collected bulk samples are...Read More
Mining companies operating in South Africa, including Anglo American (LON:AAL) and Sibanye Gold (JSE:SGL) (NYSE:SBGL), may soon have to increase their black-owned stakes to 30%, from a previous 26%, but the government is promising to deliver "policy certainty" in return.Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South...Read More
Amur Minerals Corporation's (LON:AMC) chief executive Robin Young tells Proactive he is 'very pleased' with the 50% increase to 1.58mln tonnes at the Russian nickel deposit."For every metre drilled, we have found US$213,000 of metal value while each tonne of nickel has cost just US$35 to discover."The resource is now more than enough for detailed engineering plans and is also of a size t...Read More