Russia's Finance Ministry said on Wednesday that Russia had produced 314.42 tonnes of gold and 1,119.95 tonnes of silver in 2018.In the previous year, Russia's gold output was 306.9 tonnes and the country's silver output 1,044.3 tonnes.(By Darya Korsunskaya and Maria Tsvetkova; Editing by Alexander Smith)Read More
The February 55 call has been popular in recent weeksThe shares of Canopy Growth Corp (NYSE:CGC) are trading up 2.9% at $45.11 ahead of the Canada-based cannabis company's fiscal third-quarter earnings report, due tomorrow, Feb. 14. CGC stock plunged nearly 11% after the company's last quarterly report last November, but options traders appear to be bracing for a post-earnings breakout this time a...Read More
Vancouver-based Regency Gold (NEX: RAU.H) announced it has entered into a definitive agreement with Vanadium North Resources to acquire all of its issued and outstanding common shares, the main interest behind the buyout being the Valley of Vanadium project in the Northwest Territories.In a press release, the companies said that Vanadium North holds an option to acquire 100% of the Valley of Vanad...Read More
The "Call of Duty" stock has struggled on the charts since OctoberShares of Activision Blizzard, Inc. (NASDAQ:ATVI) are up 6.5% at $44.39 this morning, after the company reported fourth-quarter earnings and announced plans to cut up to 8% of its workforce -- confirming layoff rumors from earlier this week. The "Call of Duty" maker also unveiled a new buyback program of up to $1.5 billion, and iss...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
Exelixis reported fourth-quarter earnings and revenue that exceeded analyst expectationsThe shares of Exelixis Inc. (NASDAQ:EXEL) shot higher out of the gate this morning, but were last seen down 0.7% at $21.53, even though the company reported fourth-quarter earnings and revenue that beat analysts' forecasts. The biopharmaceutical company cited strong sales of its cancer drug Cabometyx for the be...Read More
SNC-Lavalin Group Inc. bonds dropped after S&P Global Ratings cut the company's credit rating to the cusp of junk, the latest blow for the Canadian engineering firm at the center of a controversy that's ensnared Prime Minister Justin Trudeau.Risk premiums for the company's bonds due 2023, or the extra yield they pay compared with Canadian benchmark government securities, were quoted at more than 2...Read More
The drugmaker cited generic competition for CopaxoneThe shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) have plunged 10% out of the gate to trade at $17.17, after the generic drugmaker reported a fourth-quarter adjusted profit miss of 53 cents per share. And while revenue of $4.6 billion was slightly more than expected, the figure was 16% lower year-over-year due to increased generic comp...Read More
Peru's environmental agency, El Organismo de Evaluaci??n y Fiscalizaci??n Ambiental, (OEFA) has ruled out that a "greenish solution" found in a river near Southern Copper Corp's Cuajone mine was the product of a tailings spill.In a statement late Tuesday, OEFA noted it was still supervising operations at the mine, which is located in an area hit by heavy rains over the past week.Southern Copper...Read More
Chinese President Xi Jinping will reportedly meet with U.S. delegates this FridayDow Jones Industrial Average (DJI) futures are trading more than 100 points above fair value this morning, with traders optimistic about U.S.-China trade talks. Specifically, a report from The South China Morning Post said that a meeting between Chinese President Xi Jinping and U.S. delegates is scheduled for Friday....Read More
The stock is pacing for a roughly 15-year highThe shares of programmable device maker Lattice Semiconductor Corp (NASDAQ:LSCC) had already been barreling higher since hovering around $5.50 from late October to early November, closing Tuesday at $8.18, suffering just one negative week since Christmas. Now, LSCC stock is set to open near 15-year-high territory.Specifically, the security is trading u...Read More
FCX is on track to break through a former ceilingThe shares of Freeport-McMoRan Inc (NYSE:FCX) are up 5% in electronic trading, after Morgan Stanley upgraded the equity to "overweight" from "equal weight," while trimming its price target to $14 from $16. The analyst in coverage thinks FCX will lead its peers in pricing leverage and benefit from improving China demand, and believes the mining name...Read More
Precious metals miner Hochschild Mining (LON: HOC) has been forced to halt operations at its Arcata gold and silver mine in Peru, saying that low silver prices had left the company little choice aside from suspension.Hochschild, which operates three mines in southern Peru and one in southern Argentina, said Arcata would be on "full care and maintenance" by the second quarter of 2019.Any potential...Read More
The VIX tends to move higher after it first breaks below 15A recent MarketWatch article caught my eye, pointing out that the Cboe Volatility Index (VIX) has been above 15 for about four months now -- its longest streak since 2012. For those unfamiliar with the VIX, it's calculated using options on the S&P 500 Index (SPX). The more option traders are paying for SPX options, the higher the VIX. Mor...Read More
Canada's Barrick Gold TSX:ABX)(NYSE:GOLD), which completed its $5.4 billion merger with Africa-focused Randgold Resources at the start of the year, reported Wednesday a loss for its fourth quarter, due partly to issues at two mines in South America.The world's top gold producer by volume, which keeps its books in U.S. dollars, lost $1.2 billion, or $1.02 per share, for the quarter ended Dec. 31 co...Read More
* GRAPHIC-2019 asset returns: (Adds closing prices)By Zandi ShabalalaLONDON, Feb 13 (Reuters) - Copper rose from a two-week lowon Wednesday due to signs of an easing in tensions in theU.S.-China trade conflict, but a lack of a firm resolution kepta lid on the tepid gains.Three-month copper on the London Metal Exchange(LME) ended 0.3 percent higher at $6,125 per tonne, its firstrise in five session...Read More
Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, posted Wednesday quarterly profits below estimates, due mainly to weak prices for heavy crude and base metals.The Vancouver-based miner, the world's second-biggest exporter of steel-making coal, recorded negative pricing adjustments, charges related to a write-down in inventory and an operating loss at its Fort Hi...Read More
* FTSE 100, 250 up 0.8 pct * DS Smith rises after rival Smurfit Kappa's results * Rolls-Royce higher after rating upgrade * Whitbread up after increasing buyback plans (Adds quote, updates to closing prices)By Muvija MFeb 13 (Reuters) - Britain's FTSE 100 climbed to its highestin over four months on Wednesday as miners gained and upbeatearnings lifted packaging firms DS Smith and Smurfit Kappa,whi...Read More
Gold has created a sideways channel on the 4-hour chart and an upside break would open the doors for a re-test of recent highs above $1,325. 4-hour chart A move above $1,315 would confirm channel breakout and validate gold's exit from the falling channel. Put simply, a move above $1,315 would signal a revival of the bullish move from the January low of $1,276. Trend: Bullish...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Gold prices rose on Wednesday on more signs the U.S. Federal Reserve will likely be patient on further interest rate rises, but rallying global equities kept the metal's gains in check.Spot gold was up 0.04 percent at $1,310...Read More