Gold futures ended with a loss on Monday, pulling back from the nearly five-month high they settled at late last week, as the U.S. dollar strengthened at the expense of the British pound. Gold for February delivery GCG9, +0.24% on Comex fell by $3.20, or 0.3%, to settle at $1,249.40 an ounce, while March silver SIH9, +0.42% lost 0.6% to $14.605 an ounce. Read: Silver is primed to take the spotl...Read More
Gold futures ended with a loss on Monday, pulling back from the nearly five-month high they settled at late last week, as the U.S. dollar strengthened at the expense of the British pound. Gold for February delivery GCG9, +0.00% on Comex fell by $3.20, or 0.3%, to settle at $1,249.40 an ounce, while March silver SIH9, -0.21% lost 0.6% to $14.605 an ounce. Read: Silver is primed to take the spotl...Read More
TORONTO - PwC Canada has taken its annual look at market capitalization for 100 junior miners and found a 6% increase to $12.9 billion for the 12-month period ending June 30, 2018, compared to a year earlier. Looking at 987 companies in the broader mining sector, PwC saw their collective value increase by 5% to $21.1 billion this year.The gains made by the mining sector are the strongest since 201...Read More
TORONTO - PwC Canada has taken its annual look at market capitalization for 100 junior miners and found a 6% increase to $12.9 billion for the 12-month period ending June 30, 2018, compared to a year earlier. Looking at 987 companies in the broader mining sector, PwC saw their collective value increase by 5% to $21.1 billion this year.The gains made by the mining sector are the strongest since 201...Read More
Two brokerage firms issued price-target hikes in responseThe shares of Xperi Corp (NASDAQ:XPER) are up a whopping 45.5% to trade at $18.63, leaping higher after settling all legal matters with Samsung Electronics over a new patent license agreement. In addition, the tech company also raised its fourth-quarter and fiscal year outlook. Two brokerage firms have issued price-target hikes in response,...Read More
The president is reportedly changing his tune on defense spendingDefense stocks are higher today, bucking the broad-market sell-off, amid reports that President Donald Trump is performing an about-face on defense spending. The president in October said the defense budget for 2020 would be $700 billion, about a 5% cut, but rumor has it he told Defense Secretary Jim Mattis to submit a $750 billion b...Read More
"White Gold Corp. Discovers New High-Grade Parallel Structure 300m from Previous Drilling on Vertigo Target Intersecting 9.2 g/t Au over 9.14m, including 17.2 g/t Au over 4.6m @WhiteGoldCorp https://t.co/4wfL24X5w9"Read full newsRead More
Longitudinal section of the Goldboro deposit looking north. (Image: Anaconda Mining)NOVA SCOTIA - Anaconda Mining of Toronto has filed an updated 43-101 report for the resources at its Goldboro gold project 175 km northeast of Halifax. The deposit is now thought to contain 3.8 million measured and indicated tonnes grading 4.96 g/t gold and containing 602,700 oz. The inferred estimate is 2.1 millio...Read More
Longitudinal section of the Goldboro deposit looking north. (Image: Anaconda Mining)NOVA SCOTIA - Anaconda Mining of Toronto has filed an updated 43-101 report for the resources at its Goldboro gold project 175 km northeast of Halifax. The deposit is now thought to contain 3.8 million measured and indicated tonnes grading 4.96 g/t gold and containing 602,700 oz. The inferred estimate is 2.1 millio...Read More
Longitudinal section of the Goldboro deposit looking north. (Image: Anaconda Mining)NOVA SCOTIA - Anaconda Mining of Toronto has filed an updated 43-101 report for the resources at its Goldboro gold project 175 km northeast of Halifax. The deposit is now thought to contain 3.8 million measured and indicated tonnes grading 4.96 g/t gold and containing 602,700 oz. The inferred estimate is 2.1 millio...Read More
CHILE - Over the last 15 years, Newcrest Mining has discovered gold deposits in Australia, Papua New Guinea and Indonesia and continues to explore and evaluate prospects in those countries as well as in many others including Fiji, North America, Mexico, Cote d'Ivoire, Chile, Argentina, and Ecuador.This week it signed an option agreement in Chile to earn up to a 75% interest in Cornerstone Capital...Read More
CHILE - Over the last 15 years, Newcrest Mining has discovered gold deposits in Australia, Papua New Guinea and Indonesia and continues to explore and evaluate prospects in those countries as well as in many others including Fiji, North America, Mexico, Cote d'Ivoire, Chile, Argentina, and Ecuador.This week it signed an option agreement in Chile to earn up to a 75% interest in Cornerstone Capital...Read More
CHILE - Over the last 15 years, Newcrest Mining has discovered gold deposits in Australia, Papua New Guinea and Indonesia and continues to explore and evaluate prospects in those countries as well as in many others including Fiji, North America, Mexico, Cote d'Ivoire, Chile, Argentina, and Ecuador.This week it signed an option agreement in Chile to earn up to a 75% interest in Cornerstone Capital...Read More
CHILE - Over the last 15 years, Newcrest Mining has discovered gold deposits in Australia, Papua New Guinea and Indonesia and continues to explore and evaluate prospects in those countries as well as in many others including Fiji, North America, Mexico, Cote d'Ivoire, Chile, Argentina, and Ecuador.This week it signed an option agreement in Chile to earn up to a 75% interest in Cornerstone Capital...Read More
Wallbridge Mining Company Ltd. (TSX:WM, FWB:WC7) (Read full newsRead More
AVZ Minerals' Manono became the world's largest non-brine lithium resource after the Perth-based company released the maiden estimate for its 60%-owned project in southern DRC in August this year.At the end of November, AVZ published the results of a drilling campaign that further increased Manono's size - by more than half to just over 400 million tonnes grading 1.66% Li2O for 6.6m tonnes of lith...Read More
AVZ Minerals' Manono became the world's largest non-brine lithium resource after the Perth-based company released the maiden estimate for its 60%-owned project in southern DRC in August this year.At the end of November, AVZ published the results of a drilling campaign that further increased Manono's size - by more than half to just over 400 million tonnes grading 1.66% Li2O for 6.6m tonnes of lith...Read More
Red Pine Exploration Inc. (TSX-V: RPX) (Read full newsRead More
Although one week does not make a trend, given recent market carnage, the bulls can be forgiven if they point to some positive developments in the Canadian market last week. Nicholas Winton who writes a weekly technical outlook for the INK Canadian Insider Index noted in his Monday write up that the index (-0.8%) outperformed US markets last week, including the S&P 500 (-4.6%). We would add that...Read More
The Dow is down roughly 1.5% at middayU.S. stocks are getting hammered once again, as fear continues to grip Wall Street. The Dow Jones Industrial Average (DJI) and its index peers are all falling fast, last seen near session lows, putting the Dow and S&P 500 Index (SPX) in territory not seen since early May. The financial sector is leading the downturn, while energy shares are also getting whacke...Read More