Equinox Gold (CVE: EQX) has attracted a $130m investment from Abu Dhabi's state-owned Mubadala Investment Co. in the form of convertible notes.The notes are for five years with a 5% interest rate convertible at $1.05 per share, a 25% premium to the 10-day volume weighted average Equinox share price. Mubadala will be granted a seat on Equinox's board and standard anti-dilution rights.Equinox plans...Read More
Equinox Gold (CVE: EQX) has attracted a $130m investment from Abu Dhabi's state-owned Mubadala Investment Co. in the form of convertible notes.The notes are for five years with a 5% interest rate convertible at $1.05 per share, a 25% premium to the 10-day volume weighted average Equinox share price. Mubadala will be granted a seat on Equinox's board and standard anti-dilution rights.Equinox plans...Read More
A judge ordered Musk to respond to the SEC motion by March 11Controversy follows Elon Musk like a moth to light. Yesterday, the Securities and Exchange Commission (SEC) asked that the Tesla CEO be held in contempt over tweets that seemingly violated his fraud settlement. Today, a judge ordered Musk respond to the SEC motion by March 11. The order from the U.S. judge comes after Musk tweeted out...Read More
Barrick wants to buy Newmont. Trump wants a deal with China. Palladium wants to fly into space. And what does gold want? Will Barrick and Newmont Create Gold Monster? Do you remember our January 24, 2019 edition of the Gold News Monitor? We analyzed in that report the historic transaction in the bullion industry, i.e. the Newmont Mining's purchase of Goldcorp, which will create the worl...Read More
Gold futures finished lower on Tuesday to mark their first two-session skid in nearly three weeks. Still, the price move was modest, showing little reaction to the U.S. Federal Reserve Chairman Jerome Powell's first day of testimony to Congress, at which he backed a wait-and-see mode. Some weakness in stocks, falling yields and a softer dollar - all factors that would ordinarily support bullion -...Read More
Gold futures finished lower on Tuesday to mark their first two-session skid in nearly three weeks. Still, the price move was modest, showing little reaction to the U.S. Federal Reserve Chairman Jerome Powell's first day of testimony to Congress, at which he backed a wait-and-see mode. Some weakness in stocks, falling yields and a softer dollar - all factors that would ordinarily support bullion -...Read More
AAL stock just ran into a bearish technical indicator The shares of American Airlines Group Inc (NASDAQ:AAL) have taken a beating since hitting their peak of $59.08 in January last year. Since then, the shares have been in a channel of lower highs and lows. And while AAL stock has gained roughly 27% since bottoming out at two-year lows of $28.81 on Jan. 3, its next leg lower could be just around t...Read More
One stock has ended the month higher just twice in 10 yearsOn Monday, we took a look at the 25 best stocks to own in March, historically. Today, we're shifting gears to analyze the 25 worst stocks for next month. At the top of the list is fertilizer manufacturer CF Industries Holdings, Inc. (NYSE:CF), which is also flashing a bearish technical signal on the charts.Below are the worst S&P 500 Index...Read More
Long-time rivals Barrick Gold Corp and Newmont Mining Corp renewed their animosity on Monday with their chief executives trading insults after Barrick launched an $18 billion hostile bid for the U.S. company, presaging an aggressive battle.The tough talk underscored deep personality and cultural differences between the world's two biggest gold producers. Their past attempts to merge ended in acrim...Read More
The Dow was down triple digits earlierThe Dow Jones Industrial Average (DJI) is modestly higher at midday, swinging into positive territory after spending most of the morning in the red thanks to a negative earnings reaction for Home Depot (HD). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have also erased earlier losses, as investors digest the latest remarks from Fed Chair Jerome Pow...Read More
Gold On Tuesday, the yellow metal pierced the support of the 200-hour SMA. With that the commodity price was signalling that it will decline. Gold has no technical support as low as the 1,315.00 mark. The metal might reach this level by the end of this week. However, take into account that round numbers on the gold price charts have shown resistance and support to the commodity. This ov...Read More
The beauty stock has tended to outperform in MarchThe shares of Ulta Beauty Inc (NASDAQ:ULTA) have put in a strong performance since bottoming at an eight-month low near $225 in late December, up 37% at $308.39. There could be more upside in store for the beauty expert, too, considering it's been one of the best stocks to own in March, looking back 10 years.Specifically, data from Schaeffer's Seni...Read More
Goldcorp has revealed the names of the three finalists that will pitch their ideas to the panel of judges at the #DisruptMining live finale Sunday, March 3 in Toronto. The event will be co-hosted by KPMG.The finalists - who are competing for the opportunity to negotiate up to $1 million investment in the winning technology - are:Anaconda Mining for its revolutionary drilling approach to narrow vei...Read More
Progress on the U.S.-China trade front is worrisome to gold investors.Yet despite the loss of safety demand, gold still has plenty going for it.Increased demand from China, emerging markets will pick up the slack.Now that the March 1 trade tariff deadline on Chinese goods has been extended, investors can finally breathe a sigh of relief. More importantly for gold, however, the trade deadline exten...Read More
Teranga finishes 2018 with record production and $112 million EBITDA.Wahgnion construction is on time and budget and commercial production could start earlier than planned.Golden Hill initial resource tops one million ounces of gold.The first quarter of 2019 should be the strongest quarter of the year, which could provide a boost for the share price once results are released. Source Introduction...Read More
OceanaGold Corp. (TSX: OGC; ASX: OGC) has published an initial resource estimate for its high-grade discovery at WKP, 10 km north of its Waihi gold mine in New Zealand.WKP contains 234,000 ounces of gold and 296,000 ounces of silver in the East Graben vein contained within 0.41 million indicated tonnes grading 18 grams gold per tonne and 22.7 grams silver per tonne.OceanaGold intends to drill 14,5...Read More
Aphria just signed an agreement to create cannabis-based transdermal patchesThe shares of Aphria Inc (NYSE:APHA) are up 3.7% at $10.05 in early trading, after the marijuana concern said it signed an agreement with Manna Molecular Science to create new cannabis oil transdermal patches for medical and recreational use. As part of the agreement, Aphria has exclusive licensing rights to the product fo...Read More
FAST has added 15.5% year-over-year Fastenal Company (NASDAQ:FAST) is up 15.5% year-over-year and has already added 19.8% in 2019. During this climb, the stock overcame staunch technical resistance located at the $60 level, and in early February successfully re-tested this area as support. FAST has gone on to trade above its October and December 2018 highs, and shrugged off a KeyBanc downgrade to...Read More
Anaconda Mining (TSX: ANX; US-OTC: ANXGF) began a feasibility study on Goldboro in February that it expects to finish by the end of 2019. The study will incorporate results from 22,000 metres of diamond drilling the company completed in 2017 and 2018 as well as the ongoing bulk sample, and an updated mineral resource the company expects to table in 2019's third quarter.The company tabled an update...Read More
Wet weather may have negatively impacted Home Depot's resultsEtsy Inc (NASDQ:ETSY) stock is trading up 14.3% this morning at $67.07, already hitting a record high of $68.91, after the e-commerce company's quarterly earnings report yesterday evening. Not only did earnings and revenue come in above analysts's expectations, but the company's 2019 outlook was also strong. As such, at least four broker...Read More