Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The import prices for steel billet and rebar in the United Arab Emirates increased this week on higher offers, but domestic prices were unchanged week on week, sources told Fastmarkets on Tuesday February 5.Domestic rebarLocal rebar producers in the UAE announced reduced their prices on January 21 for material to be shipped in February.The country's largest producer, Emirates Steel, was offering r...Read More
Newfoundland-headquartered gold junior Aurion Resources' (TSX-V: AU) stock soared over 27% on Tuesday after reporting new high-grade assay results from drilling at the Aamurusko prospect on its Risti project in northern Finland.Two of the first three drillholes intersected high-grade gold mineralization near surface, with 42.28 g/t Au over 4.00 m intersected in one drillhole and 24.50 g/t Au o...Read More
In December President Trump pounded out a tweet that raised a lot of eyebrows in the Twitterverse. It had to do with America's defense spending, perceived by Trump to be much too high. He wrote:Didn't Trump campaign on a stronger military, to crack down on ISIS? To make America safer again? He did, and so the head-scratching began. It was especially odd considering that Trump signed off on a HUGE...Read More
Zambia has received bids from Canada's First Quantum Minerals (FQM) and others for a 17 percent stake in state mining investment arm ZCCM-IH, the finance minister said on Tuesday."There are multiple unsolicited offers on the table, including from FQM, which are based on preferential share conversions," said Margaret Mwanakatwe on the sidelines of a mining conference in Cape Town."The offers rela...Read More
The market for the small capitalization early stage mining and exploration companies remains very sluggish. However, we expect to see a change very soon. Since 2015, some mining stocks have been in a bull market phase and have seen substantial percentage moves up. So attention is now merited! IMPERIAL MINING GROUP on TSXV at 10 cents a share is...Read More
Lara Exploration (TSXV: LRA) announced this week that it signed a Definitive Agreement granting Capstone Mining (TSX:CS) an exclusive option to earn up to a 70% interest in the Planalto copper project, located in the Caraj??s province in northern Brazil.In a press release, the companies stated that under the terms of the agreement, Capstone has to pay Lara $200,000 following the receipt of a drill...Read More
Fund manager Adrian Day discusses recent developments with two resource companies in his portfolio. Altius Minerals Corp. (ALS, Toronto, 11.35) reported a strong end to the year, with royalty revenue for the quarter at C$17.5 million, and for the full year C$66.9 million. These are similar results as for the full calendar year 2017; Altius changed its financial year-end this year. In 2018, base m...Read More
The CIS export price for steel billet continued to move upward at the start of the week beginning on Monday February 4, with mills pushing offers higher amid a global rise in raw materials prices.Offers of March-rolling billet from Russian and Ukrainian mills were heard within the range of $435-440 per tonne fob Black Sea, up from 430-440 per tonne fob at the end of last week.The rise in global sc...Read More
Peter Epstein of Epstein Research profiles this company with strategic energy metals properties in Canada. Delrey Metals Corp.'s (DLRY:CSE; 1OZ:FSE) mandate is to create shareholder value by sourcing, financing anddeveloping undervalued strategic energy metals properties and projects through staking ground or making accretive, prudently and creatively financed acquisitions and joint ventures/farm...Read More
A BMO Capital Markets report delivered the pros and cons of this Canadian company's recent decision on mill construction at its mine in Turkey. In a Jan. 31 research note, analyst Andrew Kaip reported BMO Capital Markets improved its outlook on Eldorado Gold Corp. (ELD:TSX; EGO:NYSE) after the producer announced it will halt mill construction at its Kisladag mine in Turkey. To reflect its changed...Read More
The exploration company is trading substantially under the value of its water rights. Quaterra ResourcesQuaterra Resources Inc. (QTA:TSX.V; QTRRF:OTCQX), a small-cap company with a portfolio of assets in the historical copper mining area of Yerington, Nevada, owns water rights, valuable assets in the deserts of Nevada. And it has begun to monetize them."Controlling the water rights gives Quaterra...Read More
Trades of small volumes led to a small fall in manganese ore prices in the week ended Friday February 1, while most producers expect to return to the market after the Chinese New Year holiday (February 4-10). Low- and high-grade manganese ore prices in China tick down Low grade fob ore index stable due to freight rate fall Tight supply supports silico-manganese price in Europe H...Read More
(Corrects reference to iron ore production in paragraphs 7 & 9) * April-Dec net profit grows 6 pct y/y to record 442 bln yen * Books impairment losses on Olam, Chilean iron ore mines * Keeps full-year profit forecast of record 640 bln yen By Yuka ObayashiTOKYO, Feb 5 (Reuters) - Japan's biggest trading houseMitsubishi Corp on Tuesday posted a 6 percent rise inits April-December net profit than...Read More
Stocks extended their hot streak ahead of Trump's speech tonightThe Dow posted another solid session today thanks to a strong showing from Boeing (BA) and tech stocks. It was a similar showing from the Nasdaq and S&P 500 Index, as Wall Street digested a busy day of earnings. Going forward, stocks will try to keep their hot streak going in the aftermath of tonight's State of the Union speech, with...Read More
* EconMin says new strategy is key to national prosperity * Proposes investment fund to support core industries * Identifies Siemens, Thyssenkrupp, Deutsche, carmakers(Adds quotes, background)By Paul Carrel and Michelle MartinBERLIN, Feb 5 (Reuters) - Germany's government could takestakes in key domestic companies to prevent foreign takeovers,its Economy Minister said on Tuesday, presenting a mark...Read More
Corcept Therapeutics issued a white paper to refute "offensive nonsense" from shorts Corcept Therapeutics Incorporated (NASDAQ:CORT) has had a roller-coaster day. The drugmaker started the day off touching new lows, after Blue Orca Capital disclosed its short position on the stock, echoing last week's scathing report from the Southern Investigative Reporting Foundation (SIRF). However, CORT pivote...Read More
* FTSE 100 up 2 pct * FTSE 250 up 0.8 pct * BP jumps 5.1 pct after Q4 results * Ocado reverses course to be up * Indivior tanks on warning of mkt share losses (Adds analyst comments, updates to closing prices)By Muvija M and Shashwat AwasthiFeb 5 (Reuters) - British blue-chip shares surged to theirhighest in nearly three months on Tuesday as heavyweight BPdoubled its annual profit and miners ralli...Read More
Meanwhile, BOX stock is bouncing on a new "buy" endorsementU.S. stocks are higher today, as traders gear up for the State of the Union address tonight. Meanwhile, three names making sharp moves today are cloud concern Box Inc (NYSE:BOX), telecom issue CenturyLink, Inc. (NYSE:CTL), and poultry producer Tyson Foods, Inc. (NYSE:TSN). Here's what's moving shares of BOX, CTL, and TSN today. Analyst: Bu...Read More
ETSY is having a monster sessionEtsy Inc (NASDAQ:ETSY) is having a huge day on the charts, and call trading is surging as a result. Call volume is set to hit a 52-week high, with four times as many crossing compared to their put counterparts. New positions are opening at the February 60 and 65 calls, the most popular contracts today. Anyone buying to open positions here is wagering on ETSY stock p...Read More
Wells Fargo stock has encountered multi-layered resistance latelyFinancial firm Wells Fargo (NYSE:WFC) rallied off its late-December multi-year lows only to run into a ceiling at the round $50 mark -- a previous level of support throughout most of 2017 and 2018. This region is also home to WFC's 80-day moving average, and resistance could further be reinforced by a heavy accumulation of call open...Read More