Resource Mining Corporation Ltd has received strong investor backing for a $2 million placement, raising funds to fast-track exploration at its Mpanda Copper-Gold Project in Tanzania and assess early-stage mining and processing opportunities. The raise will see 95.2 million shares issued at 2.1 cents per share – a 9.4% premium to the five-day volume-weighted average price (VWAP) – with firm commitments from both existing shareholders and new sophisticated investors.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau. Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance.
The gold market continues to see a lot of noise as we are trying to break higher, and are obviously in a longer-term uptrend, but at the same time, we have seen a bit of trouble in this past 12 hours or so. Regardless, this is a positive market overall.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold (XAUUSD) and silver (XAGUSD) prices rebound from their respective support levels and prepare for the next surge.
Gold was steady in the early Asian session, supported by lingering U.S. fiscal-deficit concerns.
A successful retest of trend support and a breakout above short-term resistance suggests gold may resume its uptrend, eyeing the $3,375 convergence zone next.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.