Miner AngloGold Ashanti said on Tuesday it has halted a soil study at a site in Colombia after the town's mayor issued a suspension order because of a recent mining ban.Work at the site in Jerico, Antioquia province, was stopped on Monday and the project will remain halted pending a review by the province's tribunal, AngloGold said.The company was not carrying out mining exploration at the site, b...Read More
Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has tabled a feasibility study for its Cerro Blanco gold project in Guatemala that says the project would produce 902,000 oz. gold over an eight year mine life. It would cost an initial $196 million and achieve after-tax payback in 2.1 years.The project has a $241 million after-tax net present value at a 5% discount rate and a 34% after-tax internal...Read More
Great Panther Silver (TSX: GPR; NYSE American: GPL) has increased the measured and indicated resource at its Topia silver-gold-lead-zinc mine in Mexico's Durango state to nearly 15 million silver-equivalent ounces.Despite mine depletion since the last resource estimate was completed four years ago, Great Panther Silver has boosted Topia's measured and indicated resource by 28% to 475,900 tonnes g...Read More
Ontario-based Aura Resources (TSXV: AUU) announced it has entered into a definitive agreement with Vancouver-based Minaurum Gold (TSXV: MGG) and its Mexican subsidiary to acquire an interest in the East Taviche property located in Oaxaca, southeastern Mexico.To acquire an initial 80% interest in the project, Minaurum has to issue 100,000 common shares, reimburse all Taviche project concession fees...Read More
A BMO Capital Markets report reviewed the numbers and guidance for each of the metals this United Kingdom-based company produced. In a Jan. 23 research note, analyst Edward Sterck reported Antofagasta Plc (ANTO:LSE) "had a strong end to 2018 resulting in record annual production" and "2019 is expected to be a new record year." He added the company "remains one of our Top Picks in the copper space...Read More
Thibaut Lepouttre of Caesars Report profiles a company that has branched out to battery metals, in addition to its gold project. Preview SW ProjectIntroduction2018 was an interesting year for Canada-based Comstock Metals Ltd. (CSL:TSX.V) as it appointed Steven Goldman as interim CEO, completed an equity investment (and joint venture agreement) with E3 Metals (ETMC.V),while it also completed a dri...Read More
Mining companies need to determine how to operate in a market that is also characterized by rising stakeholder demands, a widening talent gap, dwindling access to key inputs such as energy and water, and a Chinese economy growing at under 7%, rather than 12%, just to mention some challenges. (Image courtesy of Codelco | Flickr.)2019 could go down in history as the year mining companies stopped anc...Read More
Higher sales prices brought slight price increases to European high-carbon ferro-chrome and imported charge chrome in China in the week ended Friday January 25 amid low activity prior to the Chinese New Year holiday. Imported charge chrome in China increases by 1.3% Domestic spot ferro-chrome prices in China stable Imported ferro-chrome into Japan, South Korea and US steady Europea...Read More
The domestic ferro-silicon market in China has been steady in the past week, consolidating a small recovery made the week before, amid low-key trading. In Europe, ferro-silicon prices fell to lows last seen in July 2017 when traders cut their offer prices to encourage buying interest amid slow demand. Chinese market holds up with supplies reduced European suppliers cut offer prices on slow demand...Read More
Low-grade manganese ore prices showed signs of recovery in the week ended Friday January 25 while high-grade flattened amid increased liquidity ahead of Chinese New Year in early February. Low-grade manganese ore prices ticked up in China, high-grade holdsPhysical silico-manganese prices hold in China, India, EuropeFerro-manganese holds globallyUS silico-manganese prices edge up Low grade mangane...Read More
The S&P and Nasdaq, on the other hand, closed lowerThe Dow explored a 170-point trading range on both sides of breakeven, as Wall Street digested the latest round of blue-chip earnings. The index managed a modest gain by the close on positive reactions for Pfizer (PFE) and 3M (MMM). The S&P 500 and Nasdaq weren't so resilient, settling with losses as tech stocks sold off on fresh tensions between...Read More
The J.P. Morgan Securities analyst urges caution ahead of General Electric earningsStocks are mixed today, with the Dow higher but the Nasdaq in the red amid a tech stock pullback. Former Dow name General Electric Company (NYSE:GE) is struggling, but small-cap stocks Coffee Holding Co., Inc. (NASDAQ:JVA) and biotech name OncoCyte Corp (NYSEAMERICAN:OCX) are enjoying breakout days. Below, we'll tak...Read More
Graceland UpdatesBy: Stewart Thomson 1. The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day. 2. With that now out of the way, gold is already staging more upside action!3. Please click here now. Double-click to enlarge this daily gold chart. A bullish upside channel breakout is in play and the consolidat...Read More
Venezuela is nearing to be another Iran or Libya as it is trying to switch away from US dollar to other currencies on its crude oil and other natural resources. There will be a regime change in Venezuela soon. Russia and China will not be able to stop a regime change in Venezuela. UK has declined to give Venezuela its gold. The message is clear, US and UK will not give gold to nations have given...Read More
The brokerage firm also upgraded the name to "strong buy"Raymond James upgraded Carbon Black Inc (NASDAQ:CBLK) to "strong buy" from "outperform," and maintained its $24 price target -- a 68% premium to last night's close at $14.30. The analyst in coverage waxed optimistic on the cybersecurity firm's growth potential, and said the stock is cheap at current levels.In reaction, CBLK is trading up 7.7...Read More
SEAS still isn't too far from its 2018 highsSeaWorld Entertainment Inc (NYSE:SEAS) is seeing accelerated put trading, following the sudden death of orca whale Kayla at the young age of 30. Puts are crossing at two times the expected pace, and traders seem to be buying to open positions at the June 25 put. If that's the case, these bearish traders would be betting on more losses from SEAS stock in...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday January 29 that are worth another look.Ferro-tungsten prices will continue to trade in wider ranges this year amid a bearish outlook, market participants told Fastmarkets.Brazilian federal police have arrested five people related to inspections of the tailings dam that failed last week at Vale's C??rrego do Feij??o iro...Read More
The shares could rally in the short term, if past is prologueTech behemoth Apple Inc. (NASDAQ:AAPL) is set to report earnings after the close today, and while AAPL option premiums are inflated ahead of the event (as expected), the same can't be said about iPhone supplier Broadcom Inc (NASDAQ:AVGO). What's more, AVGO shares just flashed a bullish options signal, suggesting now may be the time to bu...Read More
FB earnings are due out after tomorrow's closeThe shares of Facebook, Inc. (NASDAQ:FB) are sinking ahead of the social media giant's fourth-quarter earnings report, due after the close tomorrow, Jan. 30. At last check, FB is down 2.2% at $144.25, and the options market is expecting a more volatile-than-usual swing for the FAANG stock in Thursday's trading.Most recently, Trade-Alert placed Facebook...Read More
BABA puts have become quite popular in recent weeks Caterpillar (CAT) just had a rough go of its recent quarterly report, with the company citing weak demand out of China. The strength of the mainland's economy has been a concern of Wall Street's recently, and will likely have traders eyeing Chinese e-commerce concern Alibaba Group Holding Ltd's (NYSE:BABA) fiscal third-quarter earnings report, d...Read More