Recent News

Coeur Posts Record 4Q, Full-Year Silver-Equivalent Output

January 08, 2018 / www.kitco.com

(Kitco News) - Coeur Mining, Inc. (NYSE: CDE) posted record silver-equivalent production in thefourth quarter and full-year 2017, the company announced Monday.The company said fourth-quarteroutput hit a record of 11.7 million silver-equivalent ounces, which was aquarter-on-quarter gain of 23% and year-on-year gain of 17%. This consisted of4.5 million ounces of silver and 119,114 ounces of gold, bo...Read More

Gold retreats back to $1316 on notable USD strength

January 08, 2018 / www.fxstreet.com

   •  Strong USD recovery prompts profit taking.   •  Further weighed down by risk-on mood/positive US bond yields. Gold traded with a mild negative bias for the second consecutive session on Monday and retreated further below a 3-1/2 month peak touched last week. The post-NFP US Dollar recovery kept exerting some downward pressure around dollar-denominated...Read More

Canadian junior plunges ahead with three cobalt projects in B.C.

January 08, 2018 / www.mining.com

Canada's Cruz Cobalt (TSX-V:CUZ) plans to go all in at its projects in North America in 2018, particularly at its three British Columbia-based properties, as the junior miner bets on the growing demand for ethically sourced cobalt, a key ingredient in the batteries used in electric vehicles."We plan to be active on all of our Canadian and US cobalt projects in 2018," the company's president James...Read More

Where Traders Might Look to Sell an Overbought SPY

January 08, 2018 / www.schaeffersresearch.com

"From a seasonality perspective, there is hope for the bulls, with New Year's week having a historically bullish seasonality... [but] with [the Santa Claus rally] yet to arrive, the Fed might be labeled as the Grinch that is stealing Santa's thunder... "[T]he levels that are a round 20% above the SPX and SPDR S&P 500 ETF Trust (SPY - 266.86) 2016 closes -- 2,686.60 and $268.23 - have been areas of...Read More

Equinox Board Approves Construction Of Aurizona Gold Mine

January 08, 2018 / www.kitco.com

The board of directors of Equinox Gold Corp. (TSXV: EQX,OTC: LWLCF) has approved full-scale construction of the Aurizona Gold Mine inBrazil, with the cost estimated at $146 million, the company says. Early-worksconstruction began in the third quarter, and the company’s timetable calls fora gold pour by late 2018. “This will be a milestone year for Equinox Gold as weadvance Aurizona and...Read More

Aminex releases operations update

January 08, 2018 / www.proactiveinvestors.co.uk

Aaron LeBlanc, COO of oil and gas company Aminex (LON:AEX) talks Proactive through developments at the Ntorya 1/2/3 wells in Tanzania. The new operations, Aaron explains, will enable Aminex to exploit further multiple leads and assets there in the very near future. See Kiliwani North well updates here too, particularly on a significant recharge happening at the reservoir close to the well bore. Aa...Read More

METALS-Copper consolidates, aluminium falls to near two-week low

January 08, 2018 / www.kitco.com

* GRAPHIC-2017 asset returns: * LME/ShFE arb: (Updates with official midday prices)By Maytaal AngelLONDON, Jan 8 (Reuters) - Copper steadied on Monday as the market consolidated after strong gains in December and as a firmer dollar weighed, while aluminium hit a near two-week low amid growing stockpiles in China.The dollar rose against the euro, making dollar-priced metals costlier for non-U.S. in...Read More

RBC's Gero: Gold Moves Being Dictated By U.S. Dollar

January 08, 2018 / www.kitco.com

Trading ingold futures is being dominated by moves in the U.S. dollar at the moment, althoughthe yellow metal remains range-bound, says George Gero, managingdirector with RBC Wealth Management. As of 9:10 a.m. EST, Comex February gold was down $2.20 to $1,320.10 anounce. Meanwhile, the March dollar index was up 0.38 point at 92.055.  “We still see some profittaking but better open...Read More

Gold Prices See, Profit Taking, Technical Selling Pressure

January 08, 2018 / www.kitco.com

(Kitco News) - Gold prices are modestly lower in early U.S. trading Monday. Some profit-taking andchart consolidation are featured, which is not unexpected after recent goodgains that pushed prices to a 3.5-month high last week. February Comex gold waslast down $3.50 an ounce at $1,318.80. March Comex silver was last down $0.13at $17.155 an ounce.Worldstock markets were mixed to firmer in quieter...Read More

Bitcoin Daily Chart Alert - Bulls, Bears Struggle For Control - Jan 8

January 08, 2018 / www.kitco.com

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

Gold Getting Ready To Make Big Move

January 08, 2018 / www.kitco.com

Gold has had a monsterrally of almost $90 over the last 19 trading days. What looked like a breakdownturned into a great buying opportunity or a short squeeze. On Thursday, goldlooked like it had the final blow-off to the upside on heavy volume, making ahigh at $1,327.30 in the February futures. Since Thursday, gold has tradedslightly lower than the high but has stayed inside a $20 range. Typicall...Read More

Gold Getting Ready To Make Big Move

January 08, 2018 / www.kitco.com

Gold has had a monster rally of almost $90 over the last 19 trading days. What looked like a breakdown turned into a great buying opportunity or a short squeeze. On Thursday, gold looked like it had the final blow-off to the upside on heavy volume, making a high at $1,327.30 in the February futures. Since Thursday, gold has traded slightly lower than the high but has stayed inside a $20 range. Typ...Read More

Equinox Gold starts full-scale construction at Aurizona

January 08, 2018 / www.stockwatch.com

Mr. Christian Milau reports EQUINOX GOLD ANNOUNCES FULL-SCALE CONSTRUCTION OF THE AURIZONA GOLD MINEEquinox Gold Corp.'s board of directors has approved the start of full-scale construction at the Aurizona gold mine in Brazil. All dollar amounts shown are in U.S. dollars.Early works construction has been under way at Aurizona since the third quarter of 2017. The project is advancing well and remai...Read More

Equinox Gold starts full-scale construction at Aurizona

January 08, 2018 / www.stockwatch.com

Mr. Christian Milau reports EQUINOX GOLD ANNOUNCES FULL-SCALE CONSTRUCTION OF THE AURIZONA GOLD MINEEquinox Gold Corp.'s board of directors has approved the start of full-scale construction at the Aurizona gold mine in Brazil. All dollar amounts shown are in U.S. dollars.Early works construction has been under way at Aurizona since the third quarter of 2017. The project is advancing well and remai...Read More

FOREX-Euro stumbles after recent rally though outlook bullish

January 08, 2018 / www.kitco.com

* Sell dollar theme remains alive in currency markets* Graphic: World FX rates in 2017 By Saikat ChatterjeeLONDON, Jan 8 (Reuters) - The euro slipped a third of a percent on Monday as investors took profits after a recent rally though currency markets remained bullish about the outlook for the single currency on the backdrop of a strengthening economic recovery.With foreign exchange markets extend...Read More

GLOBAL MARKETS-World stock rally rolls on with best start in eight years

January 08, 2018 / www.kitco.com

* World stocks enjoy best start to year since 2010* European stocks hit highest since 2015* Dollar strengthens against euro after recent weakness* Commodity prices pause after recent rally By Tommy WilkesLONDON, Jan 8 (Reuters) - World stock markets hovered close to all-time highs on Monday as the best start to a year in eight years showed little sign of running out of steam, with the combination...Read More

Avino Announces Final Approval to Graduate to TSX

January 08, 2018 / www.stockwatch.com

NYSE - MKT: ASMTSX-V: ASMFSE: GV6VANCOUVER, Jan. 8, 2018 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (NYSE-American: ASM; TSX-V: ASM; FSE: GV6, "Avino" or "the Company") is pleased to announce it has received final approval from the Toronto Stock Exchange (the "TSX") to list its common shares ("Shares") and its warrants ("Warrants") on the TSX on January 8, 2018. Concurrent with the TSX list...Read More

Avino Announces Final Approval to Graduate to TSX

January 08, 2018 / www.stockwatch.com

NYSE - MKT: ASMTSX-V: ASMFSE: GV6VANCOUVER, Jan. 8, 2018 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (NYSE-American: ASM; TSX-V: ASM; FSE: GV6, "Avino" or "the Company") is pleased to announce it has received final approval from the Toronto Stock Exchange (the "TSX") to list its common shares ("Shares") and its warrants ("Warrants") on the TSX on January 8, 2018. Concurrent with the TSX list...Read More

Gold dips further from 3-1/2 month peak as dollar fights back

January 08, 2018 / www.mining.com

Gold edged down on Monday, retreating further from last week's 3-1/2 month high as the dollar clawed back some ground against the buoyant euro and as traders bet on further increases to U.S. interest rates after Friday's payrolls data.Dollar weakness, which continued into early January after its biggest annual drop since 2003, had helped to lift assets priced in the U.S. currency, with gold last w...Read More

COLUMN-Hedge funds start 2018 with record $19 bln bet on the euro: McGeever

January 08, 2018 / www.kitco.com

(The opinions expressed here are those of the author, a columnist for Reuters)By Jamie McGeeverLONDON, Jan 8 (Reuters) - Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near term.Data from the Chicago Futures Trading Commission show that hedge fund...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok