The big question is if has gold topped out for the short term. Traders are expecting a March interest rate hike by the Federal Reserve after nonfarm payrolls. My 2018 analysis is based on four interest rate hikes this year. I expect gold price to rise despite four interest rate hikes by the Federal Reserve. Only the pace of rise and pace of fall will not be as per trader expectation. Asian gold...Read More
Bond yields just flash-crashed. Dow is down 1300 points. VIX is above 34!Read full newsRead More
PDAC is taking place this year from March 4 to 7 in Toronto, and there will be plenty of events for attendees to check out.Read full newsRead More
Spearmint Resources Inc. ('SRJ' or the 'Company') (TSXV:SRJ) (OTCBB: SPMTF) (FSE: A2AHL5) announces that it has closed a non-brokered private placement (December 7 & December 13, 2018).Read full newsRead More
Argo Gold Inc. (CNSX: ARQ) ('Argo Gold' or the 'Company') announces that it settled an aggregate of $152,000 of indebtedness of the Company with various arm's length creditors through the issuance of an aggregate of 760,000 common shares ('Common Shares') at a price of $0.20 per Common Share.Read full newsRead More
FTSE 100 closes 108 pts lower at 7,334Dow Jones tankingUS non-manufacturing ISM above-forecast FTSE 100 closed not far off 1.5% lower on Monday as global investors took profit amid fears of central banks tightening monetary policy.The UK's premier index tumbled over 108 points to close at 7,334, while FTSE 250 lost almost 272 points at 19,690.In the currency markets, the pound was off 0.38% a...Read More
Kosmos Energy Ltd (LON:KOS) was a faller in late afternoon trading, down 11.4% to 435p after the explorer said tests at the recently completed Requin Tigre-1 exploration well in Senegal failed to detect any hydrocarbons.The main market listed oil and gas exploration and production company said Requin Tigre-1 was drilled to a total depth of 5,200 metres and but the prospect did not yield any hydroc...Read More
Canamex Gold Corp (CVE:CSQ)CEO David Vincent tells Proactive they are offering gold-backed royalty tokens at 0.005 ounces/unit for 5,000 ounces of gold, each token being offered at $5, to be deployed on the Ethereum blockchain.Vincent says he is hoping to raise $5 million with the royalty tokens to develop an initial token offering (ITO) in the next few months. Meet Anglo Asian Mining Plc, C...Read More
Story by Jeff DesjardinsDespite being roughly nine years into the second-longest bull market in history, recent headwinds have cropped up to make the start of 2018 an interesting one for markets.As investors re-evaluate their portfolios and exposure, it's worth exploring some of the major themes and trends that are expected to drive markets in 2018.Predictions for 2018Today's infographic was done...Read More
Renforth Resources Inc.(CSE:RFR) ("Renforth" or the "Company") is pleased to announce that the airborne geophysical program for Denain, announced November 29, 2017, was completed.Eagle Geophysics of Sorel, Qc has delivered to Renforth a technical survey report and related maps.These will be filed for work completed purposes over the claims.Read full newsRead More
BTU METALS CORP. ("BTU" or the "Company") (BTU:TSX:V) reports that it is currently mid-way through the previously announced drill program at its Shakespeare Gold properties (PR November 14, 2017) including the historic Shakespeare Mine shaft.Read full newsRead More
(Bloomberg) - The Democratic Republic of Congo will seek greater control of the global cobalt market by engaging directly with car and battery manufacturers, according to its largest state-owned mining company."I find it scandalous that when cobalt is discussed, and the explosion of electric vehicles, only the traders and consumers are referenced and Congo and Gecamines are not cited," Gecamines...Read More
Neil Ritson, chief executive of Solo Oil PLC (LON:SOLO), discusses with Proactive the findings from the recently completed CPR which reveals a major upgrade to the gas resources at the Ntorya project in Tanzania.It follows the Ntorya-2 appraisal well success and an assessment of well testing.Ntorya's contingent gas resource has now risen to 762.8bn cubic feet of gas, comprising 80.6bn cubic feet o...Read More
Gervaise Heddle, chief executive of Greatland Gold plc (LON:GGP), tells Proactive's Andrew Scott they're to kick off a new exploration campaign at the Ernest Giles gold project in Western Australia.The plan is to drill three high priority targets at the Meadows, Wishbone and Empress areas, although before that, mobile metal ion surveys will be carried out. Meet Anglo Asian Mining Plc, Condor...Read More
Jay Bhattacherjee, chief executive at Aminex plc (LON:AEX), discusses with Proactive the findings from the latest CPR on their asset base in Tanzania.Among the highlights is a 44% increase in management estimates for gas initially in place across Ntorya from 1.3 TCF to 1.87 TCF.The new figure also represents a 12-fold increase over the 2015 CPR.''It's obviously a big piece of news for us ... we're...Read More
Canamex Gold Corp (CVE:CSQ)CEO David Vincent tells Proactive they are offering gold-backed royalty tokens at 0.005 ounces/unit for 5,000 ounces of gold, each token being offered at $5, to be deployed on the Ethereum blockchain.Vincent says he is hoping to raise $5 million with the royalty tokens to develop an initial token offering (ITO) in the next few months. Meet Anglo Asian Mining Plc, C...Read More
Mr. Walt Coles Jr. reportsSKEENA COMMENCES TRADING ON OTCQXSkeena Resources Ltd. has been accepted by the OTC Markets Group Inc.to trade on its OTCQX Best Market. Skeena Resources begins trading today on OTCQX under the symbol SKREF. "We are pleased to welcome Skeena Resources to the OTCQX Best Market," said Jason Paltrowitz, executive vice-president of corporate services at OTC Markets Group. "S...Read More
South Australia unveils plans to build 250MW "virtual power plant", linking household rooftop solar and battery storage, in what it says will be world's biggest. It will involve 5...Read full newsRead More
Nissan Motor Co. intends to spend 1 trillion yen ($9 billion) over five years in China as it vies to become the largest global electrified vehicle maker in the country.Read full newsRead More
The Democratic Republic of Congo's state-owned miner, G?(C)camines, is seeking to take advantage of the country's new mining code and revise contracts with its international partners, as it claims the old rules meant foreign firms benefitted more from the country's riches than local producers.The company, which is heavily indebted and has consistently failed to meet production targets as of late,...Read More