Stock futures were in a holding pattern again on Wednesday as investors cautiosuly waited for direction from a number of market-churning events on Thursday. S&P 500 futures were up 0.04%, Dow Jones Industrial Average futures were flat, and Nasdaq futures rose 0.14%. Top of the list, the investigation into the Trump campaign's alleged ties with Russia will come back into the spotlight as fo...Read More
The pair have signed a heads of agreement to discuss potential collaboration in mineral exploration, both inside and outside China.Minmetals chairman He Wenbo said the partnership would help "secure mutual global opportunities for quality resources" and enhance the company's long-term development in the mining sector.Rio CEO J-S Jacques said Minmetals was rapidly becoming an important player in th...Read More
Gold futures are among the "few bright spots for commodity bulls," with prices poised to test their 2017 high, says Mike Zarembski, senior commodities analyst with optionsXpress. Comex August gold on Tuesday threatened the $1,300-an-ounce level for the first time since mid-April, with investors moving some assets to so-called "safe havens" like gold and U.S. Treasury notes, he says. Factors cited...Read More
(Kitco News) - Gold prices aremodestly lower on a normal downside technical correction after hitting a seven-weekhigh Tuesday. Prices are still within striking distance of the key $1,300.00mark. Major news events lie just ahead that are likely to move the preciousmetals markets. August Comex gold was last down $5.40 an ounce at $1,292.10.JulyComex silver was last down $0.10 at $17.61 an ounce. Ter...Read More
Mr. Paul Reynolds reportsTRIUMPH GOLD 13,000 METRE DRILL PROGRAM UNDERWAY AT FREEGOLD MOUNTAIN PROJECT, YUKONTriumph Gold Corp. has commenced a 13,000-metre diamond drill program at its road-accessible Freegold Mountain project in the Dawson range, Yukon.The program will test several new drill targets identified during 2016 field exploration and data review.The 2016 work focused on identifying geo...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 12.5 G/T AU OVER 8.5 METRES AT WINDFALL Osisko Mining Inc. has released new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in Urban township, Quebec. The current 400,000-metre drill program combines definition drilling above the Red Dog intrusion, expansion drilling above and below Red Dog, expansio...Read More
TMAC Resources (TSX: TMR) has officially kicked off commercial production at its Doris gold mine and mill at the Hope Bay project in Canada's far north, which has now become Nunavut's second operating gold mine and the first one ever in the western area of the Territory.The explorer, which poured its first gold bar at the mine in February, is celebrating the ramp up toward full production by flyi...Read More
TMAC Resources (TSX: TMR) has officially kicked off commercial production at its Doris gold mine and mill at the Hope Bay project in Canada's far north, which has now become Nunavut's second operating gold mine and the first one ever in the western area of the Territory.The explorer, which poured its first gold bar at the mine in February, is celebrating the ramp up toward full production by flyi...Read More
The headline intercept also included 15.2m at 16.47g/t gold, below the modelled pit bottom.Other highlights from the latest assay results included 76.2m grading 0.81g/t; and 50.3m at 1.43g/t, including 12.2m at 4.55g/t gold.The Oro Belle Trend is within the region of the historic JSLA pit and CEO Gerald Panneton said the current programme had "definitely achieved its objective" of demonstrating th...Read More
Mr. Darin Wagner reportsBALMORAL INTERSECTS 6.23 G/T GOLD OVER 6.05 METRES FROM BUG SOUTHEAST ZONE, MARTINIERE PROPERTY, QUEBEC Balmoral Resources Ltd. has released additional near-surface, high-grade gold results from its Detour gold trend project in Quebec. Drill hole MDE-17-274 returned the best drill intercept to datefrom the Bug Southeast zone -- 6.05 metres grading 6.23 grams per tonne gold....Read More
Anglo American (LON:AAL), the world's fifth largest diversified miner, has appointed Stuart Chambers to succeed Sir John Parker as chairman of the group.Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.Stuart Chambers is known for his active participation in the sale of several UK companies, includi...Read More
Anglo American (LON:AAL), the world's fifth largest diversified miner, has appointed Stuart Chambers to succeed Sir John Parker as chairman of the group.Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.Stuart Chambers is known for his active participation in the sale of several UK companies, includi...Read More
Anglo American (LON:AAL), the world's fifth largest diversified miner, has appointed Stuart Chambers to succeed Sir John Parker as chairman of the group.Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.Stuart Chambers is known for his active participation in the sale of several UK companies, includi...Read More
A $1.8 million coin trilogy boasting coloured diamonds found at Rio Tinto's Argyle mine has been unveiled at the Perth Mint with international buyers already showing interest in the unique collection.The Australian Trilogy is comprised of three one-kilogram coins struck from gold, platinum and rose gold, with each featuring a different native animal.Each of the precious metals coins has either a...Read More
Mr. Brian Groves reportsGENESIS METALS ARRANGES $800,000 PRIVATE PLACEMENTGenesis Metals Corp. will conduct a non-brokered private placement consisting of any combination of flow-through units at a price of 16 cents per FT unit and non-flow-through units at a price of 14 cents per NFT unit for total gross proceeds of $800,000.Each FT unit will consist of one flow-through common share and one-half...Read More
Allegations made against Trump Administration representatives and the firing of Jim Comey have raised risk to the U.S. dollar and securities.Thus, the SPDR Gold Trust should continue to enjoy strong support this week at least into the key testimony of Comey.What happens immediately after the testimony depends greatly on the testimony itself, and a sell-the-news event is very possible for the GLD l...Read More
Minning JournalLog in or subscribe to access this article LOGIN HEREAlready a member?EmailPassword Remember meForgot password ?CancelLost Password Email addressBe everywhere in miningAccess the industry's go-to information resource, with coverage that adds insight to industry topics, trends and issues that matter in the macro environment.Digital3 Users: ?25 per user, per monthSUBSCRIBE NOWThe i...Read More
What is Uranium?Uranium is a silvery-white metallic chemical element. Most uses of uranium exploit the nuclear properties of this mineral. Uranium -235 is the only naturally occurring fissile isotope.it can be transmuted in a nuclear reactor into to fissile plutonium-239. We can also make uranium-233 from natural thorium which is important tin nuclear technology. Uranium is used in nuclear weapons...Read More
(Kitco News) - World stock markets were mostly steady to firmer overnight. U.S. stock indexes are also pointed toward slightly higher openings when the New York day session begins.Gold prices are moderately lower in pre-U.S.-session trading, on a downside correction after good gains on Tuesday pushed prices to a seven-week high.Terror attacks in Iran Wednesday, including on its parliament, have n...Read More
Just like the Dutch Tulip Bulb bubble, internet stock bubble, and the mid-2000's financial asset bubble, the current stock market is no longer a price-discovery mechanism. It has deteriorated into a venue in which Central Bank-manufctured liquidity - in the form of printed currency and credit creation - has flooded into the system, enabling investors to chase the few stocks rising in pri...Read More