Surge Exploration (TSX?EUR?V: SUR) announced today that it will acquire up to 100% of the Atacama Cobalto Exploration Property near Copiap??, northern Chile.Surge said that in order to complete the transaction, it will sign a formal agreement with Compa???-a Minera del Pac?-fico S.A. or CAP Mineria before the end of the month.The 1,059-hectares Atacama Cobalto Project is located in the Atacama Pro...Read More
Canada's Diamcor Mining (TSX-V.DMI), announced today that following its previous release on the initial tender of 2,606.50 carats of rough diamonds recovered from resumed processing exercises at the company's Krone-Endora at Venetia Project in South Africa, it delivered an additional 5,335.83 carats of rough diamonds before the end of October. The tender for the rocks will be completed in November...Read More
Canada's Diamcor Mining (TSX-V.DMI), announced today that following its previous release on the initial tender of 2,606.50 carats of rough diamonds recovered from resumed processing exercises at the company's Krone-Endora at Venetia Project in South Africa, it delivered an additional 5,335.83 carats of rough diamonds before the end of October. The tender for the rocks will be completed in November...Read More
By SaadSayeedISLAMABAD, Nov 6 (Reuters) - Pakistan begins nearly twoweeks of talks with the International Monetary Fund on Wednesdayover what would be the South Asian country's 13th IMF bailoutsince the 1980s to help it end a spiralling current accountcrisis. Finance Minister Asad Umer says $12 billion is requiredimmediately, a large chunk of which is expected to be drawn fromthe IMF."The ini...Read More
By Ernest ScheyderNov 6 (Reuters) - A years-long fight over the future of theworld's second largest silver mine between Tahoe Resources Inc and opponents of the project shows no signs of abating,creating uncertainty for the U.S. miner and its investors.With environmental and indigenous opponents of Tahoe'sEscobal mine vowing it will never again produce silver, thetension is top of mind for Wall St...Read More
Glencore's subsidiary in the Democratic Republic of Congo, Katanga Mining (TSX:KAT), will temporarily halt cobalt exports from its Kamoto Project after finding high levels of uranium in the ore.The copper and cobalt producer said levels of the radioactive metal exceeded the acceptable limit allowed for export through major African ports.The suspension is expected to defer Katanga's revenue from co...Read More
Mr. Antonio Berlanga reportsTRAFIGURA COMMITS 2ND LOAN TRANCHE US$5 MILLION TO TELSON'S TAHUEHUETO MINE CONSTRUCTIONTelson Mining Corp. has received $5-million (U.S.) for the second tranche of the loan agreement with Trafigura Mexico SA de CV, advanced under the loan facility and offtake agreement originally announced by the company on Dec. 18, 2017, for the rehabilitation, construction, operation...Read More
Mr. Antonio Berlanga reportsTRAFIGURA COMMITS 2ND LOAN TRANCHE US$5 MILLION TO TELSON'S TAHUEHUETO MINE CONSTRUCTIONTelson Mining Corp. has received $5-million (U.S.) for the second tranche of the loan agreement with Trafigura Mexico SA de CV, advanced under the loan facility and offtake agreement originally announced by the company on Dec. 18, 2017, for the rehabilitation, construction, operation...Read More
* Stock markets, dollar little changed * SPDR holdings fell on Monday (Updates prices)By Sumita LayekBENGALURU, Nov 6 (Reuters) - Gold edged up on Tuesday asinvestors sought shelter fromuncertainty over the outcome ofthe U.S. midterm elections.Spot gold rose 0.3 percent to $1,234.94 per ounce asof 1314 GMT, while U.S. gold futures were up 0.4 percentat $1,236.50."One scenario (from the electi...Read More
(Updates with closing prices)By Pratima DesaiLONDON, Nov 6 (Reuters) - Copper prices fell on Tuesday asthe market waited for the result of the U.S. midterm electionsand a monetary policy meeting of the U.S. Federal Reserve laterthis week.Benchmark copper on the London Metal Exchange closeddown 0.5 percent at $6,158 a tonne.Aside from a brief dip below $6,000 a tonne last week,copper has been wedge...Read More
* Government supporters to press RBI at board meeting onNov. 19 * Government wants its economic priorities to be accepted byRBI * Govt officials prepared to risk RBI governor'sdeparture-sources * If Patel departs it is likely to roil financialmarkets-traders * Struggle will be a test of the powers of the RBIboard-sources By Manoj Kumar and Suvashree ChoudhuryNEW DELHI/MUMBAI, Nov 6 (Reuters) - The...Read More
Company Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today provided an update on its exploration programs during the third quarter.HighlightsLargest quarterly exploration program in company historyThere were up to 20 drills at 10 properties, 5 operating mines, all in North AmericaReserve price assumptions to determine this year's reserve...Read More
Company Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today provided an update on its exploration programs during the third quarter.HighlightsLargest quarterly exploration program in company historyThere were up to 20 drills at 10 properties, 5 operating mines, all in North AmericaReserve price assumptions to determine this year's reserve...Read More
(Updates with production, Barrick vote)LONDON, Nov 6 (Reuters) - Randgold Resources said onTuesday third-quarter profit rose 25 percent on the previousquarter helped by lower costs a day before its shareholders voteon a $6.1 billion tie-up with Barrick Gold.The London-listed miner said profit for the period reached$73.2 million while cash costs fell 18 percent versus theprevious quarter to $181.6...Read More
Today marks the return of our Sound Bites feature where we will be highlighting distinct commentary and opinions from Howe Street radio and possibly some other sources. To kick things off, we look at recent exploration activity in the Spences Bridge Gold Belt which John Kaiser of Kaiser Research reviewed in his November 1st Discovery Watch.Click to listen to the interviewWesthaven Ventures (Sunny...Read More
As reported by Bloomberg, fund managers are cautioning against hoping that the US mid-term elections, which drop late Tuesday, could see a revival spark in Gold prices. Key highlights According to Franklin Templeton Investment's Stephen Land, concerns that the US Federal Reserve will pick up their pace of rate hikes will far overshadow any short-term action from the US midterm elections,...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The S&P 500 ended higher on Monday after closing Friday with a weekly gain of 2.4%, the index's biggest weekly increase since March.Verizon Communications Inc. (VZ) rose 0.9% after saying it would split its operations into three separate units as it moves into the 5-G arena.Amazon.com Inc. (AMZN) was dow...Read More
Gold isn't the only game in town, even though you'd never know it by watching late night TV. Here's what to know and what to consider if you'd like to invest in silver. What Does Investing In Silver Mean? Investing in silver means putting your money into the production, trading or outright ownership of silver metal. For most investors this means buying quantities of bullion in coin or bar form a...Read More
Global oil prices bounced higher Monday after the U.S. State Department granted a waiver to China to purchase crude from Iran as the first day of sanctions imposed by President Donald Trump came into effect. U.S. Secretary of State Mike Pompeo called the sanctions "the toughest sanctions ever put in place on the Islamic Republic of Iran", but his department noted Friday that waivers had bee...Read More
Bob Moriarty ArchivesNov 6, 2018Prosper Goldreleased incredible results on Monday. The stock did respond, moving up 42.6% on 332,000 shares. If the market actually understood the release, it would have moved a lot higher on a lot more volume. So far the company hasn’t bothered even putting the news on their own site.Here’s the real story.In March of this year Prosper Gold led byPeter B...Read More