Blog

American CuMo Mining Corporation (TSXV:MLY) (OTC Pink:MLYCF) (“CuMoCo” or the “Company”) announces that the Company's Rights Offering was completed with a total of 4,453,776 shares issued for net proceeds of $295,742. When combined with the recently closed private placement, a total of $1,767,669 was raised. The Company is also pleased to report that the previously announced convertible debenture offering (See News Release dated November 29, 2017) is oversubscribed, with $2,300,000 of convertible debentures having been sold to date. The funds are being allocated to repay the remaining amounts due on the IEMR HK debentures and to support ongoing work at the Company's [...]

Goldnomics Podcast – Gold, Stocks, Bitcoin in 2018. Everything Bubble Bursts? Press play to listen to podcast In this our first GoldNomics podcast we take a look at the major financial market themes of 2017 and delve into the outlook in 2018. GoldCore CEO Stephen Flood and GoldCore's Research Director and world renowned precious metals commentator Mark O'Byrne are interviewed by Dave Russell. Macro-economic and geo-political developments are considered in an attempt to assess the risks of a global financial shock in the coming year and the outlook for bitcoin, stocks and gold. We cut through the financial markets jargon [...]

What Peak Gold, Interest Rates And Current Geopolitical Tensions Mean For Gold in 2018 – Peak gold will be a major driver, gold over $5,000/oz 'not beyond the realms of possibility' – Relationship between interest rates and inflation are one of the key catalysts for price – Geopolitical uncertainty will continue to play a key role in determining the price of gold – What happens when the unstoppable force of robust global demand for gold meets the immovable object of a small, finite, rare and dwinding supply of physical gold? The editors over at The Daily Reckoning have taken some time [...]

Coming off some seriously turbulent years in the mining sector, investors are regaining a tolerance for risk and junior companies are finding it easier to access capital and maintain a healthy balance sheet. With improved cash flow, juniors are in a better position to grow their project portfolios via acquisitions. “We're seeing more capital flow into the market. With more money, the juniors are now able to do more transactions and grow both organically and inorganically,” said Rebecca Chan, a partner at PwC Canada. In a recent report on the junior mining sector, PwC Canada notes that the top 100 [...]

What Peak Gold, Interest Rates And Current Geopolitical Tensions Mean For Gold in 2018 – Peak gold will be a major driver, gold over $5,000/oz 'not beyond the realms of possibility' – Relationship between interest rates and inflation are one of the key catalysts for price – Geopolitical uncertainty will continue to play a key role in determining the price of gold – What happens when the unstoppable force of robust global demand for gold meets the immovable object of a small, finite, rare and dwinding supply of physical gold? The editors over at The Daily Reckoning have taken some time [...]

The Heritage Dallas sale wound up with more than $6.8 million in total prices realized, a strong showing for an auction not held in conjunction with a major convention. In just a short few weeks the numismatic community will come together in Florida for the FUN show, which remains the most well attended show on the calendar. Many dealers save their best material for this show, and collectors know it as a place to add coins to their collections that are not often found. It is often said that the activity at the FUN show is a bellwether for the [...]

New EU Rules For Cross-Border Cash, Gold Bullion Movements – War on cash continues and expands to affect non-criminals including gold owners – New definitions of “cash” to be drawn up by EU to include gold and precious metals – Claim cash and gold bullion “often used for criminal activities such as money laundering, or terrorist financing” – Legislation will allow authorities to seize assets from those 'without a criminal conviction' – New rules usurp those currently in existence since 2005 The ironically named European Parliament's Civil Liberties and Economic Affairs committees have backed plans by the European Union to introduce tougher checks and [...]

Canasil Resources (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces that the Company, Orex Minerals (TSX-V: REX, OTCQX: ORMNF, “Orex”) and Pan American Silver  (TSX: PAAS, NASDAQ: PAAS) through its subsidiary Plata Panamericana (“Pan American”), have signed a non-binding Letter of Intent (“LOI”) for cooperation to advance exploration on the Sandra-Escobar project in Durango, Mexico.  Canasil CEO, Bahman Yamini, commented: “We are very pleased to have reached agreement with Pan American and Orex providing for significant investments to advance the Sandra-Escobar project. Results to date suggest that the project area hosts a large mineral rich endowment with multiple silver, gold and [...]

Immaculate Chinese strikes command six-figures; rare 1953 10 Yuan note tops currency offerings Dec. 6-8   DALLAS, Texas (Dec. 12, 2017) – Setting a house record as the highest-grossing World Coins and Currency auctions held in Hong Kong, Heritage Auctions' Dec. 6-8 event realized $5,484,035, as collectors sought out Chinese proof coins and 19th century dollars in superb condition. A record 1,685 bidders participated in the $4.4 million World Coin auction held in conjunction with the Hong Kong International Numismatic Fair. A 1989 People's Republic gold “Dragon and Phoenix” Proof Pattern 200 Yuan, PR69 Ultra Cameo NGC, led the coin [...]

Canasil Resources (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces that the Company, Orex Minerals (TSX-V: REX, OTCQX: ORMNF, “Orex”) and Pan American Silver  (TSX: PAAS, NASDAQ: PAAS) through its subsidiary Plata Panamericana (“Pan American”), have signed a non-binding Letter of Intent (“LOI”) for cooperation to advance exploration on the Sandra-Escobar project in Durango, Mexico.  Canasil CEO, Bahman Yamini, commented: “We are very pleased to have reached agreement with Pan American and Orex providing for significant investments to advance the Sandra-Escobar project. Results to date suggest that the project area hosts a large mineral rich endowment with multiple silver, gold and [...]