Gold Prices Target Second Consecutive Weekly Loss as Silver Continues to Decline
Stock image. Gold slipped below $5,100 an ounce on Friday, heading towards a second consecutive weekly drop, as high energy prices stemming from the Middle East war continue to drive high-interest expectations. Spot gold fell as much as 1% to about $5,020 an ounce, before recovering some losses. Silver, meanwhile, was hit harder, down almost […]
Cabral Gold Soars with Impressive Results as Production Approaches in Brazil
Cabral’s Cuiú Cuiú project in northern Brazil. Credit: Cabral Gold Cabral Gold (TSXV: CBR) shares shot to a new high after results from its Jerimum Cima target in northern Brazil returned the company’s strongest intervals ever as exploration continues to define a mineralized zone at the target. Highlight hole DDH372 cut 25.8 metres grading 0.6 […]
Middle East Tensions Disrupt Energy and Metals Markets
The US-Israel war against Iran has already disrupted global commodity markets, tightening supply in energy, chemicals and several metals while raising the risk of longer-term price volatility. Analysts at BMO Capital Markets said the evolving conflict has triggered sharp moves across commodities tied to the region, where supply chains for oil, fertilizers, chemicals and metals […]
Gold Prices Rise as Trump’s Comments Ease Inflation Concerns
Stock image. Gold advanced on Tuesday after US President Donald Trump’s latest comments on the Middle East war drove down oil prices and eased inflationary concerns. Spot gold gained as much as 1.8% to about $5,240 an ounce, while US gold futures rose even more at 2.7%. Silver, meanwhile, climbed 2% toward the $90-per-ounce level. […]
Venezuela’s Interim Government Submits Mining Reform Bill to Legislature
Caracas skyline, Venezuela. Stock image. Venezuela’s ruling party-controlled National Assembly on Monday approved a mining law expected to open the sector to private and foreign investment, the latest salvo in a package of US-backed changes to the still-sanctioned country’s economy. The administration of US President Donald Trump has supported a series of moves by Acting […]
Hungary Intercepts Ukrainian Convoy Transporting Over $80 Million in Cash and Gold
Hungary detained seven Ukrainian nationals transporting over $80 million in cash and gold through the country, authorities said, prompting Kyiv to accuse Budapest of unlawfully seizing the funds and taking its people hostage. Hungary’s National Tax and Customs Administration (NAV) said the group was stopped during what officials described as the “Ukrainian gold convoy operation,” […]
Luca Explores 14g Gold That Could Expand Mexico Mine Potential
Luca Mining (TSXV: LUCA) is reporting high-grade gold mineralization below existing workings that could expand the resource and output at its Tahuehueto mine in Mexico. Drill hole DDH26-SU-01 cut 7.6 metres grading 14.27 grams gold per tonne, 46.64 grams silver, 0.33% copper, 2.57% lead and 1.19% zinc from 80.9 metres depth. Drill hole DDH26-SU-03 returned […]
Trump Offers US Gold Buyers a Workaround for Venezuelan Sanctions
The Trump administration has opened the door for Venezuela to sell gold into the US in a major boost to a country facing crippling dollar shortages due to restrictions on oil exports. The Treasury’s Office of Foreign Assets Control issued a license allowing US entities to undertake certain transactions involving Venezuelan-origin gold that would otherwise […]
Troilus Pursues Up to $400 Million in Debt Financing for Quebec Gold Mine
Exploration work at Troilus. Image supplied. Canadian mining developer Troilus Mining Corp. plans to issue subordinated debt and other potential non-equity instruments to help advance its gold and copper project in Quebec. The new financing will range from $300 million to $400 million and is expected to be announced within weeks, according to people familiar […]
Venezuela’s Acting President Announces Upcoming Mining Reforms
Venezuela’s interim President Delcy Rodriguez said on Wednesday a reform of the country’s main mining law will be submitted in coming days to the country’s legislature, after a meeting in Caracas with US Secretary of the Interior Doug Burgum, where the two officials hailed cooperation on minerals and a shared desire to pave the way […]