Golden Reign Resources (TSXV: GRR; US-OTC: GRGNF) and Marlin Gold Mining (TSXV: MLN; US-OTC: MLNZF) have merged to form Mako Mining, which will begin trading on the TSX Venture Exchange under the symbol 'MKO' on November 14, 2018. Mako will focus on Golden Reign's San Albino gold deposit in northern Nicaragua and Marlin's producing La Trinidad gold mine in Sinaloa, MexicoUnder the terms of t...Read More
(Reuters) - General Electric Co (GE.N) Chief Executive Officer Larry Culp said on Monday the company was saddled under too much debt and would urgently sell assets to pay off debt, sending its shares down 8 percent.“We have no higher priority right now than bringing leverage levels down,” Culp said in an interview with CNBC. “We have plenty of opportunity to do that through asset...Read More
Jordan focuses on the gold stocks and their crash potential over the next few months. This is what happens before major bottoms in the sector.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor,...Read More
Euro Sun Mining (TSX: ESM) has become the first non-state-owned entity to receive a ratified mining licensce for its Rovina Valley copper-gold project in Romania, signaling that the East European nation is open for business, the company says.The mining company will now embark on an Environmental and Social Impact Assessment (ESIA), and continue its work on a feasibility study on the project, whic...Read More
Russian gold and silver producer Polymetal has begun construction at its new Nezhda gold mine in eastern Siberia, which will contribute to its dividends in 2022, it said on Monday.The London-listed firm, part-owned by businessman Alexander Nesis, is starting this new project with pre-production capital expenditures estimated at $234 million a few months after it launched its Kyzyl mine in Kazakhst...Read More
There's wildfires in California, disputed elections all over the map, and panic all over the place; will it lead to a Wall Street Meltdown? It's often said that stocks climb on a wall of worry. If that's the case then the market should be booming now. There's enough worries to go around all over. More and more people keep moving to geographically and financially dangerous areas, knowing that the g...Read More
Based the last few days' headlines you'd never know the world is in year 10 of a pretty good expansion. Check this out:Continue...Read More
KHARTOUM (Reuters) - Many cash machines in the Sudanese capital have run out of banknotes as the government scrambles to prevent economic collapse with a sharp devaluation and emergency austerity measures.Rising demand for cash due to inflation, lack of trust in the banking system and the central bank’s policy of restricting the money supply to protect the Sudanese pound have all contributed...Read More
Brian Sozzi is an editor-at-large at Yahoo Finance. Follow him on Twitter @BrianSozziContinue...Read More
According to people familiar with the matter, Luckey was put on leave, then fired, for his support for Donald Trump Continue...Read More
In September, the electricity consumption was 5640 units; in November, the electricity consumption was 8130 units," Mou added, describing the runaway bill increases.Continue...Read More
Gold fell to its lowest level in a month on Monday as the U.S. dollar rose to levels not seen for 16-monthsContinue...Read More
Dan Weir, executive chairman of DNI Metals, speaks with Maurice Jackson of Proven and Probable about the personnel changes the company has made and its plans to obtain the environmental permits for the company's graphite projects in Madagascar. Maurice Jackson: Joining us for a conversation is Dan Weir, the executive chairman of DNI Metals Inc. (DNI:CSE; DMNKF:OTC), which is establishing itself t...Read More
PARIS (Reuters) - Canadian intelligence officers have listened to Turkish recordings of what happened to Saudi journalist Jamal Khashoggi, Prime Minister Justin Trudeau said on Monday, adding that he was discussing with allies what next steps should be taken.Khashoggi, a critic of Saudi Crown Prince Mohammed bin Salman, was killed at the kingdom’s Istanbul consulate by a team sent from Riyad...Read More
LONDON (Reuters) - Prime Minister Theresa May is trying to clinch a Brexit divorce deal with the European Union but the bigger challenge may be to get any agreement approved by the British parliament.With less than five months until the United Kingdom is due to leave the EU on March 29, how might the Brexit finale play out?Following are possible scenarios:1) DISORDERLY BREXIT- DEAL REJECTEDAny dea...Read More
LONDON (Reuters) - Britain’s big banks, long able to shrug off competition from start-ups, have been spooked by an account launched just six weeks ago by Goldman Sachs (GS.N) that pays savers more.One of the banks admitted privately that it has seen a spike in savers switching, while others have launched new accounts or raised rates to try to nip “Marcus” in the bud.British saver...Read More
LONDON (Reuters) - Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day.Saudi Arabia, the world’s largest oil exporter, said on Sunday it would cut its shipments by half a million barrels per day in December due to seas...Read More
NEW YORK/HOUSTON (Reuters) - Bakken crude prices are set to weaken from already low levels in coming months, with the frigid winter in North Dakota likely to disrupt rail loadings and worsen bottlenecks as production soars, traders and executives said.U.S. oil producers ramped up production in the nation's third-largest oilpatch, boosting crude output to a record 1.3 million barrels per day (bpd)...Read More
WASHINGTON (Reuters) - When Democrats take control of the U.S. House they plan to investigate the Trump administration’s attempt to block AT&T Inc (T.N) from acquiring Time Warner, and whether officials sought to punish Amazon.com Inc (AMZN.O) by prodding the U.S. Post Office to hike shipping prices for the world’s largest e-commerce company, a senior Democrat and a congressional a...Read More
* Italian yields edge higher as Banca Carige preps cash call* Italy defiant before Tuesday deadline for revised budget* German bond yields hit new lows on Italy, Brexit uncertainties* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds detail on Banca Carige, industrial output data)By Abhinav RamnarayanLONDON, Nov 12 (Reuters) - Italy’s government bond yields inched up on Monday a...Read More