News

Revenu-Québec is seeking prison sentences and fines totalling $750-million for Kitco Metals Inc. founder Bart Kitner and directors with several other gold trading firms following one of the biggest tax fraud investigations in provincial history.

Contrary to the Agence du Revenu du Québec’s (“ARQ”) allegations in a press release published today, Kitco Metals Inc. (“Kitco”) has never made false statements.

Recently someone brought to my attention an interesting David vs. Goliath situation going on in Ontario between tiny Sanatana Resources with a market cap of $4 million and giant IAMGold with a market cap of $1.59 billion.

Incoming Barrick Gold Corp. chairman John Thornton has friends in high places in China — including the country’s premier, central bank chief and anti-corruption czar, to name a few.

Notes of a gold investor — I recently returned from India, a nation where an incredible 600 million people are under the age of 25. That’s nearly double the entire population of the U.S.!

Mining companies will continue to face challenging market conditions in 2014 including rising costs, falling commodity prices, supply/demand imbalances, and decreased productivity levels.

There is a vast tract of northern Ontario that is a veritable treasure chest of mineral riches — but the provincial government can’t find the key to opening it up.

Klondex Mines (TSE:KDX) has a “rare, high grade resource” at its Fire Creek project in Nevada that it is fast tracking to production.

After a decade of gains for the gold, the precious metal is setting up for its second consecutive negative year.