City of Asbestos to drop ‘asbestos’ from its name
(Kitco News) – Citing the need to look forward, officials at the City of Asbestos has decided to change its name.
Read moreNewmont Goldcorp ups GT Gold stake with C$8.3 million investment
(Kitco News) – The financing is a private placement of 6,877,199 common shares priced at $1.20 per share. Upon completion Newmont Goldcorp will own 14.9% of GT Gold, an increase from the 9.9% it already owns.
Read moreAustralian gold miner launches A$54 million capital raise
(Kitco News) – Alkane Resources said Thursday it is raising up to A$54.8 million (US$37.09 million) at 55 cents per share to fund exploration and development of its Tomingley Corridor in New South Wales.
Read moreOZ Minerals greenlights Brazilian mine
(Kitco News) – OZ Minerals said Thursday it will commence constructions of its copper-gold Pedra Branca Mine, which will eventually employ 450 people.
Read moreLa Parilla Mine commences production
(Kitco News) – W Resources (AIM: WRES)–a tungsten, tin and gold mining company–said Thursday that its flagship La Parrilla Mine in Spain commenced production.
Read moreCanadian Investment firm moves closer to launching bitcoin fund
(Kitco News) – Cryptocurrencies are taking another step into the mainstream as one Canadian company continues to move forward with its plans to list a bitcoin fund on a major stock exchange.
Read moreGold prices holding steady, waiting for potential trade fallout after Thanksgiving holiday
(Kitco News) – The gold market is treading water Thursday as U.S. markets are closed for the Thanksgiving holiday and see a shorted trading day Friday.
Read moreThis metal will hit $2,000 before gold does — analysts
(Kitco News) – Palladium is the standout precious metal this week as it hit new record highs while the U.S. markets were closed for the Thanksgiving holiday.
Read moreGold is no longer an ‘optional allocation’ says Lombard Odier Group
(Kitco News) – Persistent negative government bond yields have fundamentally changed the investment risk landscape and as a result, gold is now the preferred safe-haven asset within a diversified portfolio, according to one private Swiss asset manageme…
Read moreGold investors haven’t missed the boat, just wait until after USD surge – Ice Cap Asset Management
(Kitco News) – The gold market continues to struggle to find momentum as support holds above $1,450 an ounce, but one fund manager said that he doesn’t see any rush into gold in the near-term as the U.S. dollar is on the verge of surging higher.
