Sandstorm Gold Royalties (TSX: SSL) shares jumped 5 % today, after the company announced the board of directors approved the purchase of up to 18.3 million of its common shares between now and the end of 2019, subject to TSX approval.The 18.3 million shares represent approximately 10% of Sandstorm's current shares outstanding, and the company stated its current intention is to complete the entire...Read More
Nov 15, 2018 Guest(s): David Morgan The Morgan Report The silver market has been "stagnating" and needs renewed investor interest before prices recover and the gold-silver ratio drops below 80, said David Morgan editor of The Morgan Report. "What's going on is stagnation in the market. There hasn't been any fresh buying, there's been a lot of stale longs that have given up on the silver story,"...Read More
(Kitco News)- The digitalcurrency market is attracting new attention of the wrong kind as marketanalysts warn that they see further declines in the near-term as the newdowntrend picks up momentum.Bitcoin,the leader in the cryptocurrency sector, has fallen further below the $6,000level as it trades near its lowest level in 13 months. According to Kitco.comaggregated charts, bitcoin last traded at 5...Read More
(Kitco News)- Gold and silver prices are modestly higher in early-afternoon U.S. trading Thursday.Some worries about the health of the U.S. stock market, following the recentsell-offs and increased volatility, are supporting the safe-haven metals. Theprecious metals bulls are impressed their markets are able to post modest gainstoday in the face of a stronger U.S. dollar index. December gold futur...Read More
Mr. Dan Stuart of Juggernaut reports JUGGERNAUT REPORTS EXPANSION OF THE DISCOVERY ZONE AT DSM GOLDCREST PROPERTY; CHIP SAMPLES UP TO 56.1 GRAMS PER TONNE GOLD (1.64 OZ/T AU) OVER 1 METER Juggernaut Exploration Ltd. and Goliath Resources Ltd. havereleased channel, chip and grab sample assay results of up to 56.1 grams per tonne gold (1.64 ounces per ton gold) over one meter from the Cadillac trend...Read More
The Baltic Dry Shipping Index came to prominence at the start of the Chinese-led commodity supercycle around a decade ago.The London-based Baltic Exchange (Baltex) tracks the cost of moving commodities along more than 50 routes around the world and the BDI is considered one of the go-to barometers of the global economy, and a leading indicator of commodity prices.In February 2016, the index droppe...Read More
Patricia Zengerle, Stephen KalinWASHINGTON/RIYADH (Reuters) - The United States imposed economic sanctions on 17 Saudi officials on Thursday for their role in the killing of journalist Jamal Khashoggi, as Saudi Arabia’s public prosecutor sought the death penalty for five suspects in the murder.The U.S. Treasury Department sanctions were the first concrete response by the Trump administration...Read More
(Reuters) - The U.S. Federal Reserve should hold off on raising interest rates to allow more workers to get jobs, adding that the central bank can always raise rates to head off inflation if it starts to rise too fast, Minneapolis Fed President Neel Kashkari said on Thursday.Speaking at the Minnesota Ag and Food Summit, Kashkari said he sees no signs of overheating yet, or of inflation taking off....Read More
Wheaton Precious Metals' (TSX: WPM NYSE: WPM) shares dropped 4.4% on Thursday, after the company announced its Q3 results. Headquartered in Vancouver, Canada, Wheaton is the world's largest precious metals streaming company.Adjusted net earnings were $35 million, a steep 49% drop from $67 million in net earnings last year. Revenue fell 8.5% in the same quarter of 2017.The company reported silver p...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. 2018 THIRD QUARTER FINANCIAL & OPERATING RESULTSPan Orient Energy Corp. has released its third quarter 2018 consolidated financial and operating results.The company is today filing its unaudited consolidated financial statements as at and for the nine months ended Sept. 30, 2018 and related management's discussion and analysis with Canadian sec...Read More
Exchange-traded fund investors havereturned to the gold market, says Standard Chartered. Most precious-metals ETFstrade like a stock but track the price of the commodity, with metal put intostorage to back the shares. Both central banks and ETF investors tend to be“resilient holders” of gold, Standard says. ETF buying of 23 tonnes in Octoberand 13 so far in November, as a Wednesday rep...Read More
BloombergWorkers review an assembled New Holland Ltd. round baler at the company's Haytools factory in New Holland, Pennsylvania, U.S., on Friday, April 8, 2016. The numbers: There was a split in directions between the Empire State and Philadelphia Fed manufacturing indexes, with the New York-area gauge rising 2.2 points to a reading of 23.3 in November while the Philly Fed index slid 9.3 po...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average turned higher, led by gains in 3M (MMM) , Caterpillar Inc. (CAT) and Apple Inc. (AAPL) .Walmart Inc. (WMT) fell 2% even after after the world's largest retailer posted stronger-than-expected third-quarter earnings and raised earnings guidance for its next fiscal year.Cisco rose 5.5% after its fis...Read More
Mr. Erfan Kazemi reportsSANDSTORM GOLD LTD.: SANDSTORM GOLD ROYALTIES ANNOUNCES 2018 THIRD QUARTER RESULTSSandstorm Gold Ltd. has released its results for the third quarter ended Sept. 30, 2018 (all figures in United States dollars).Third quarter highlights:Revenue of $17.3-million (Q3 2017 -- $17.9-million); Attributable gold equivalent ounces sold of 14,314 ounces (Q3 2017 -- 14,293 ounces); Ave...Read More
Mr. Ralph Shearing reportsTELSON RETAINS GLENCORE TECHNOLOGY FOR ALBION PROCESS TESTINGTelson Mining Corp. has retained Glencore Technology to conduct Albion Process leach testing of newly processed flotation tailings and historic tailings to increase recoveries of gold and silver, plus zinc flotation testing focused on Jameson Cell technologyto increase zinc recoveries and zinc concentrate grade...Read More
Mr. Mark Kolebaba reportsADAMERA RESUMES DRILLING AT OVERSIGHT TO FOLLOW UP HIGH GRADE INTERSECTIONAdamera Minerals Corp.has resumed drilling on the Oversight property in Washington State to follow up high-grade gold intercepts reported in drill hole OS18-02, including an interval with 19.4 grams per tonne gold (see news release dated Sept. 26, 2018). Drill hole OS18-02 tested a coincident induced...Read More
Mr. Matthew Hornor reportsMAPLE GOLD COMPLETES 2018 MAPPING AND SAMPLING PROGRAM AND IDENTIFIES NEW TARGET AREASMaple Gold Mines Ltd. has completed its first pass summer 2018 field mapping in the central part of the Douay project. Very limited historical work has been completed previously in this portion of the Project. The objective of the mapping program was to identify alkaline intrusive-relate...Read More
Mr. Dan Stuart of Juggernaut reports JUGGERNAUT REPORTS EXPANSION OF THE DISCOVERY ZONE AT DSM GOLDCREST PROPERTY; CHIP SAMPLES UP TO 56.1 GRAMS PER TONNE GOLD (1.64 OZ/T AU) OVER 1 METER Juggernaut Exploration Ltd. and Goliath Resources Ltd. havereleased channel, chip and grab sample assay results of up to 56.1 grams per tonne gold (1.64 ounces per ton gold) over one meter from the Cadillac trend...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. 2018 THIRD QUARTER FINANCIAL & OPERATING RESULTSPan Orient Energy Corp. has released its third quarter 2018 consolidated financial and operating results.The company is today filing its unaudited consolidated financial statements as at and for the nine months ended Sept. 30, 2018 and related management's discussion and analysis with Canadian sec...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More