Recent News

Pine Point, Canada: 72m grading 5.6% Zn and 1.8% Pb from 34.57m depth (W85-17-DBL-002)

June 05, 2017 / www.mining-journal.com

Assay results from the latest hole on the winter programme conducted at the W85 deposit have confirmed high-grade zinc and lead mineralisation with good continuity.The intercept was a 72m length grading 5.6% Zn and 1.8% Pb from 34.57m depth. Within this was a narrower 36.48m hit averaging 6.44% Zn and 2.37% Pb from the start of the hole.This hole, the second from Darnley Bay's C$5 million (US$3.7...Read More

US STOCKS-Wall St set to open little changed ahead of data

June 05, 2017 / www.kitco.com

* Herbalife falls after cutting current-quarter forecast* Apple marginally lower after rating cut* Futures down: Dow 22 pts, S&P 2.5 pts, Nasdaq 7.25 pts (Adds details, comment, updates prices)By Tanya AgrawalJune 5 (Reuters) - U.S. stocks were little changed on Monday as investors appeared to have shrugged off the weekend attacks in London, while awaiting a string of economic data.The third milit...Read More

First Majestic Plans Phased Restart Of La Encantada Operations

June 05, 2017 / www.kitco.com

(Kitco News) - Operations at First MajesticSilver Corp.'s (NYSE: AG; TSX: FR) La Encantada Silver Mine in Mexico willbe restarted on a phased-in basis during the coming weeks, the company said.Just ahead of the weekend, First Majestic Silver Corp. announced that it had reached atentative agreement with the National Union of Miners, Metallurgists,Steelworkers and Similar Workers of Mexico for the r...Read More

Stocks to Retreat From Records at the Open After London Terror Attacks - TheStreet

June 05, 2017 / www.thestreet.com

Stock futures moved lower on Monday morning, suggesting equities would retreat from records at the opening of trading, after a terror attack in London over the weekend. S&P 500 futures were down 0.1%, Dow Jones Industrial Average futures slid 0.11%, and Nasdaq futures declined 0.11%. Wall Street largely overlooked weaker-than-expected U.S. jobs growth in May on Friday, with major benchmark ind...Read More

Crypto Currency Bubble Ready To Pop

June 05, 2017 / www.kitco.com

(Kitco News) - The "fear of missing out" is pushing Bitcoin and EthereumCrypto Currencies to huge bubbles. The sustainability of these patterns has nochance of succeeding. That doesn't mean they won't be higher years from now butfor now these bubbles will pop and most likely have a mini collapse. Gold and silver are steady on support and look like they areturning into the next bull market. I am l...Read More

Gold At 6-Week High On Some Safe-Haven Demand, Bullish Charts

June 05, 2017 / www.kitco.com

(Kitco News) - Gold prices aremoderately up and have hit a six-week high in early U.S. trading Monday. Somenew geopolitical developments in the Middle East and an increasingly bullishnear-term technical posture are prompting more trader and investor buyinginterest in the yellow metal. Gold prices are now within striking distance ofthe key $1,300.00 mark. August Comex gold was last up $5.40 an ounc...Read More

Osisko Gold grabs Orion's metals portfolio in $1.13 billion deal

June 05, 2017 / www.mining.com

Shares in Canada's Osisko Gold Royalties (TSX, NYSE:OR) jumped Monday following the company's decision to buy a precious metals portfolio from US private equity firm Orion Mine Finance Group for Cdn$1.13 billion (about $834 million).The portfolio consists of 74 royalties, streams and precious metal offtakes, and its acquisition will result in Osisko holding a total of 131 royalties and streams, in...Read More

Osisko Gold grabs Orion's metals portfolio in $1.13 billion deal

June 05, 2017 / www.mining.com

Shares in Canada's Osisko Gold Royalties (TSX, NYSE:OR) jumped Monday following the company's decision to buy a precious metals portfolio from US private equity firm Orion Mine Finance Group for Cdn$1.13 billion (about $834 million).The portfolio consists of 74 royalties, streams and precious metal offtakes, and its acquisition will result in Osisko holding a total of 131 royalties and streams, in...Read More

Osisko Gold grabs Orion's metals portfolio in $1.13 billion deal

June 05, 2017 / www.mining.com

Shares in Canada's Osisko Gold Royalties (TSX, NYSE:OR) jumped Monday following the company's decision to buy a precious metals portfolio from US private equity firm Orion Mine Finance Group for Cdn$1.13 billion (about $834 million).The portfolio consists of 74 royalties, streams and precious metal offtakes, and its acquisition will result in Osisko holding a total of 131 royalties and streams, in...Read More

Osisko Gold Royalties Acquires 74 Assets For C$1.125 Billion

June 05, 2017 / www.kitco.com

(Kitco News) - Osisko Gold Royalties Ltd (TSX, NYSE: OR) has agreed to acquire aprecious-metals portfolio, consisting of 74 royalties, streams and preciousmetal offtakes, from Orion Mine Finance Group for C$1.125 billion, the companyreported Monday.After the deal, Osisko would hold 131 royalties and streams,including 16 revenue-generating assets, the company said. The company'scornerstone assets r...Read More

Gold As A Safe Haven Asset Now Primed To Excel

June 05, 2017 / seekingalpha.com

A peaking money supply to saving ratio is a warning sign that the economic distortions created during the upward swing of the ratio could be revealed.It is especially at this time that gold's properties as a safe haven asset are primed to excel.Gold performed well in the aftermath of the two previous peaks in the MS/S ratio, especially compared to stocks.Savings are not only paramount for economic...Read More

Golden Predator retires $2.2-million in debt

June 05, 2017 / www.stockwatch.com

Ms. Janet Lee-Sheriff reportsGOLDEN PREDATOR RETIRES DEBT AND RECEIVES ROYALTIESGolden Predator Mining Corp. has retired $2.2-million in debt owed to Till Capital Ltd., pursuant to the terms of a 2014 agreement whereby the company acquired mineral properties from Till.The company has now completed all payment obligations to Till under the agreement and avoided escalating interest rates that would...Read More

Police Know the Names of the London Terrorists - What You Need to Know - TheStreet

June 05, 2017 / www.thestreet.com

U.K. politicians resumed election campaigning Monday following the weekend's deadly terrorist attack in London, with leaders likely to focus the final days of debate into Thursday's vote on national security. The Conservative, Labour and Liberal Democrat parties had suspended national campaigning Sunday after the London Bridge and Borough Market attacks as mark of respect for the seven people kil...Read More

Osisko Gold to buy Orion Mine royalty assets for $1.12B

June 05, 2017 / www.stockwatch.com

Mr. Sean Roosen reportsOSISKO ACQUIRES ORION MINE FINANCE ROYALTY PORTFOLIO Osisko Gold Royalties Ltd. has entered into a definitive agreement with Orion Mine Finance Group to acquire a high-quality precious metals portfolio of assets consisting of 74 royalties, streams and precious metal offtakes for total consideration of $1,125-million, creating a growth-oriented, world-class and gold-focused r...Read More

Trump urged to end uranium mining ban near Grand Canyon

June 05, 2017 / www.mining.com

Arizona and Utah officials are asking US President Donald Trump to end a 20-year ban on uranium mining near the Grand Canyon, which came into effect in 2012 as part of a set of environmental protection rules passed during the Obama administration.They are also pushing for the abolishment of national monument designations in Arizona, such as Grand Canyon-Parashant and Vermillion Cliffs. They ar...Read More

Trump urged to end uranium mining ban near Grand Canyon

June 05, 2017 / www.mining.com

Arizona and Utah officials are asking US President Donald Trump to end a 20-year ban on uranium mining near the Grand Canyon, which came into effect in 2012 as part of a set of environmental protection rules passed during the Obama administration.They are also pushing for the abolishment of national monument designations in Arizona, such as Grand Canyon-Parashant and Vermillion Cliffs. They ar...Read More

Transense Technologies Secures Contract from Glencore

June 05, 2017 / www.4-traders.com

LONDON--Transense Technologies PLC (>> Transense Technologies plc), a provider of sensor systems for the transportation and industrial markets, said Monday it has secured a contract to supply tyre monitoring systems from Glencore PLC (>> Glencore PLC). The company's division nTranslogik has secured the contract via its Australian distributor, Brownfield Engineering and Maintenance Pty. Ltd. to s...Read More

INK Canadian Insider Index sees momentum rise

June 05, 2017 / www.canadianinsider.com

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index had another seemingly quiet week as it managed to add 9 points as it closed at 1183.90.I say seemingly, because while the point change was nominal, we witnessed significant improvement in the Index's momentum indicators. For one thing, RSI rose for the second week in a row, addi...Read More

World Stock Markets Weaker; Middle East Tensions See Slight Uptick

June 05, 2017 / moneymorning.com

(Kitco News) - World stock markets were mostly lower Monday, on corrective pullbacks from recent gains that have put many stock indexes at or near record or multi-year highs. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.Gold prices are modestly higher to start the trading week. There are some new geopolitical tensions in the Middle East that a...Read More

How Rick Rule Picks a Winning Gold Miner

June 05, 2017 / moneymorning.com

Legendary investor and CEO of Sprott U.S. Holdings Rick Rule has laid out the one key factor he considers when investing in gold mining stocks.Rick Rule, CEO of Sprott U.S. Holdings, 2017On May 28, he joined a panel of experts in a webcast titled "Will Gold Trump Politics in 2017?" to discuss growing trends in the gold mining industry.Of course, investors should focus on the financials, past perfo...Read More

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