South Africa's Association of Mineworkers and Construction Union (AMCU) on Tuesday called on its members at Sibanye-Stillwater's platinum operations to embark on a secondary strike over job cuts and wages.Sibanye-Stillwater last week said that it could cut nearly 6,000 jobs in a potential restructuring of the company's gold mining operations - where AMCU has been on strike since mid-November over...Read More
The Dow is lower despite Walmart's big post-earnings surgeThe Dow Jones Industrial Average (DJI) is taking a breather today, last seen marginally lower as U.S.-China trade talks enter a second week ahead of the looming March 1 tariff deadline. Fresh off its eighth straight weekly win, the blue-chip index is shrugging off a strong day from Walmart (WMT) and its latest blowout earnings report. The...Read More
NTES options volume is ramping up as Amazon rumors swirlThe shares of NetEase Inc (NASDAQ:NTES) are popping today after business magazine Caijing reported that Amazon's (AMZN) China unit expressed interest in the Chinese tech giant's e-commerce company, Kaola. The NetEase offshoot sells imported apparel and household goods and has been listed as a leader of online shopping in China. Separately,...Read More
The key to getting monster-sized returns in mining equities is to be small, according to managers of the Plethora Precious Metals Fund.With only 18 million euros ($20 million) in assets, Plethora Precious Metals is a minnow in contrast to giants such as Blackrock Inc. and Vanguard Group Inc. While investment funds generally try to increase assets to share success and rake in higher fees, this Dutc...Read More
Intercept Pharmaceuticals announced that its NASH drug met one of the goals in a late-stage studyThe shares of Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) are soaring in early trading -- up 15.4% at $127.93 -- after the company announced that its treatment for liver fibrosis caused by nonalcoholic steatohepatitis (NASH) achieved one of the primary goals of a late-stage study. The stock peaked at...Read More
The controversial pizza name was also hit with a price-target cutShares of pizza maker Papa John's International, Inc. (NASDAQ:PZZA) are down 2.8% at $43.99, after receiving a downgrade to "sell" from "hold" at Stifel. The brokerage firm also slapped the pizza stock with a $3 price-target cut to $35, and trimmed its 2019 earnings estimates for the company. The analyst said Papa John's "will need...Read More
There's heavy open interest at the 200 strike on MCDMcDonald's Corp (NYSE:MCD) is trading up 0.9% this morning at $181.54 following a bull note out of Stephens. The brokerage firm raised its rating on MCD stock to "overweight" from "equal weight," and kept its $200 price target, saying the company's lowered expectations for 2019 have opened the door for upside surprises for the year. Generally spe...Read More
Chile's Superintendency of the Environment (SMA) filed charges against Lumina Copper on Tuesday for infractions to the provisions established in its Resolutions of Environmental Rating (RCA), both at the Caserones mine and the Electric Transmission Line necessary for the development of the project.Lumina Copper faces fines of up to $54.8 million for infractions to the provisions established in it...Read More
For all the attention lavished on gold for its relative durability during this global dash into risk, the real story could be the companies digging it out of the ground.A growing chorus of big names - including everyone from the quants at Bernstein to Pictet's multi-asset team - is turning increasingly bullish on miners as late-cycle angst and industry shifts make conditions ripe for a prolonged r...Read More
Dr. John-Mark Staude reportsRIVERSIDE SIGNS DEFINITIVE OPTION AGREEMENT AND RECEIVES CASH AND SHARES FROM PARTNER Riverside Resources Inc. partner Sinaloa Resources Inc. entered into a definitive agreement signed on Jan. 30, 2019, that begins with an initial option to acquire a 70-per-cent interest in the La Silla project. Sinaloa Resources has issued Riverside one million common shares and now pa...Read More
* AngloGold reports earnings rise* Looks to sell interest in Cerro Vanguardia* Approves Quebradona project feasibility study (Recasts with asset sale, adds CEO comments)South Africa's AngloGold Ashanti said on Tuesday it was putting its interests in an Argentine mine up for sale as it looks to focus on operations with a longer shelf life and ability to deliver higher returns.AngloGold Chief Execut...Read More
Mr. Dominique Bouchard reports ARIANNE PHOSPHATE APPOINTS MR. JEAN FONTAINE TO ITS BOARD OF DIRECTORS AND PROVIDES CORPORATE UPDATE Arianne Phosphate Inc. has appointed Jean Fontaine to the company's board of directors.Mr. Fontaine is the founder and president of Jefo Nutrition Inc., a global leader in high performance, non-medicated nutritional solutions for animals.Founded in 1982, Jefo Nutritio...Read More
Trade negotiations between the countries will continue todayDow Jones Industrial Average (DJI) futures are slipping as Wall Street anxiously awaits new information regarding trade negotiations between the U.S. and China. Another round of talks kick off today, with more senior-level officials set to meet on Thursday. Investors hope the two countries can hammer out a deal before March 1, when increa...Read More
WMT is set to topple a key price point todayThe shares of Walmart Inc (NYSE:WMT) are up 2.6% in electronic trading, after the retail giant reported a fourth-quarter adjusted profit of $1.41 per share, easily surpassing the $1.33 per share estimate. Revenue was also higher than anticipated thanks to strong e-commerce growth, while same-store sales rose by 4.2%. And as if that's not enough, Walmart...Read More
Mr. Ivan Bebek reportsNEW TARGETS IDENTIFIED THROUGH MACHINE LEARNING AT AURYN'S COMMITTEE BAY HIGH-GRADE GOLD PROJECTAuryn Resources Inc. has received results from the machine learning targeting exercise for the Committee Bay high-grade gold project in Nunavut. The machine learning technology is provided by Computational Geosciences Inc. (CGI) and its proprietary VNet segmentation deep-learning a...Read More
Mr. Brian Groves reportsVECTOR GEOLOGICAL SOLUTIONS ENGAGED TO AID IN NEW TARGET GENERATION AT CHEVRIERGenesis Metals Corp. has engaged Vector Geological Solutions to aid in targeting of opportunities for resource expansion and new discoveries at Chevrier.Dr. Robert Carpenter, strategic adviser (see Genesis news release dated Nov. 21, 2018), in collaboration with Daniel MacNeil and Dr. Alan Wainwr...Read More
United States gold giant Newmont Mining (NYSE:NEM) has cleared one of the regulatory hurdles for its planned mega- merger with Canada's Goldcorp (TSX: G), a combination that would create the world's largest producer by output, challenging Barrick's recently cemented supremacy.The Denver-based gold miner said the Canadian Competition Bureau had green-lighted the $10-billion stock-for-stock trans...Read More
Delta-hedge buying likely helped to fuel the stock market's expiration-week rally"...the sentiment backdrop continues to be a supportive measure for equities after some participants were bracing for doom and gloom in December... This doom-and-gloom scenario is slowly being unwound, and indications are that much of this pessimism has further room to be unwound, which would allow stocks to continue...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More