The United States and a group of Pacific allies are proposing to finance a power plant to kick-start the Wafi-Golpu mine in Papua New Guinea, one of the world's largest untapped gold resources, two sources familiar with the plan said.The proposal would be the first to be funded by a partnership of the United States, Australia, New Zealand and Japan that pledged to support electricity projects in P...Read More
Wesfarmers Ltd's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages.Wesfarmers offered a 47 percent premium for Kidman, which is developing the Mount Holland project in Western Australia through a joint venture with battery chemicals maker Soci...Read More
Oil recovered from early declines after U.S. President Donald Trump threatened to escalate his trade war with China but also dispatched warships to the Middle East in a warning to Iran.Futures in New York were little changed Monday after falling as much as 3.1 percent in early trading as investors fretted a U.S.-China deal was in jeopardy, stoking fears about the global economy. They recovered tha...Read More
Axsome Therapeutics is fast-tracking two of its pipeline drugsNear the top of the Nasdaq today sits Esperion Therapeutics Inc (NASDAQ:ESPR), after the Food and Drug Administration (FDA) accepted marketing applications for the company's cholesterol drug. At last check, ESPR is up 13% to trade at $48.86, on track for its best day since Oct. 26. The good news was met with a generous price-target hike...Read More
The brokerage firm boosted its price target on the retail stock, thoughBarclays downgraded Five Below Inc (NASDAQ:FIVE) to "equal weight" from "overweight," saying the retail stock is "fully valued." However, the brokerage firm also raised its FIVE price target to $140, calling the retailer one of its "best-in-class names within our coverage," and saying Five Below has emerged as "one of the most...Read More
The drugmaker reported better-than-expected first quarter results and raised its outlookCanadian-based drugmaker Bausch Health Companies Inc (NYSE:BHC) just posted its first-quarter earnings results with a smaller-than-expected loss of 15 cents per share, though revenue missed slightly. The firm also lifted its 2019 full-year revenue forecast. The stock is 2% higher at $23.90 as a result. BHC has...Read More
Wall Street's fear index is set to soarDow Jones Industrial Average (DJI) futures are deep in the red this morning, down 445 points after President Donald Trump reignited trade war fears in a series of tweets. Specifically, Trump threatened to raise tariffs on $200 billion of Chinese goods to 25% from 10%this Friday, May 10, and said another $325 billion ofChinese goods will be slapped with a 25%...Read More
The Hong Kong Futures Exchange (HKEX) plans to launch dollar-denominated mini contracts for six base metals in the coming months, the head of market development at the London Metal Exchange (LME) said on Monday. The standardised monthly futures contracts will reference LME prices and are being launched to "broaden access in the region for LME priced contracts", Robin Martin told an industry event...Read More
FSLR has had a strong run already in 2019First Solar, Inc. (NASDAQ:FSLR) this morning was added to J.P. Morgan Securities' analyst focus list, and the brokerage firm reiterated its "overweight" rating while lifting its price target to $72 from $70. The analysts predict upcoming earnings releases could be strong thanks to a successful transition to the company's Series 6 solar modules.This just ext...Read More
IWM rallies less often than SPY post-Fed -- but when it does, the returns are robust"History suggests that a run through 2,900 and back to the September intraday high of 2,940 is imminent. Since 1950, in the 11 instances in which the SPX experienced at least a 20% decline from intraday high to intraday low, as it did in the fourth quarter, and then rallied back to within 2% of its intraday high, w...Read More
EGO earnings call for the period ending March 31, 2019.Read full newsRead More
". @MarketNr is a financial technology platform and private placement marketplace serving the global mining sector. Mining Journal Select is delighted to have them come on board as a Wifi partner! #MJS #MJSelect"Read full newsRead More
A coalition of businesses, environmental advocates and outdoor recreation groups in the state of Minnesota, U.S., have gone to court challenging a Trump administration's decision that opened the door to a copper, nickel and platinum project in a wilderness area.Chilean miner Antofagasta (LON:ANTO), through its subsidiary Twin Metals, is in the midst of carrying out a feasibility study for the p...Read More
A coalition of businesses, environmental advocates and outdoor recreation groups in the state of Minnesota, U.S., have gone to court challenging a Trump administration's decision that opened the door to a copper, nickel and platinum project in a wilderness area.Chilean miner Antofagasta (LON:ANTO), through its subsidiary Twin Metals, is in the midst of carrying out a feasibility study for the p...Read More
Chile's Codelco, the world's No. 1 copper producer, made headlines recently not for its production of the red metal but for putting an end to a centenary tradition.For decades, the National Copper Corporation gave away expensive gold watches to workers that have been with the company for over 30 years. But the practice came to an end in 2019.According to the local press and the agency AFP, when th...Read More
Chile's Codelco, the world's No. 1 copper producer, made headlines recently not for its production of the red metal but for putting an end to a centenary tradition.For decades, the National Copper Corporation gave away expensive gold watches to workers that have been with the company for over 30 years. But the practice came to an end in 2019.According to the local press and the agency AFP, when th...Read More
Regency Gold (NEX: RAU.H) received conditional approval from the TSX Venture Exchange for the previously announced acquisition of Vanadium North Resources.Back in February, the Vancouver-based miner entered into a definitive agreement to acquire all of Vanadium North's issued and outstanding common shares. The main interest behind the buyout is the Valley of Vanadium project in Canada's Northwest...Read More
* Trump says he will hike U.S. tariffs on Chinese goods thisweek * SPDR gold holdings fall to lowest since Oct. 11 * Asian, European stocks tumble (Updates prices)By Harshith AranyaMay 6 (Reuters) - Gold was little changed on Monday as thedollar gained after U.S. President Donald Trump threatened toraise tariffs on Chinese goods, escalating Sino-U.S. tradetensions and prompting investors to sell r...Read More
* Trump says to raise U.S. tariffs on $200 bln of Chinesegoods * Beijing says still trying to understand the situation * China vice premier due in Washington this week, may not go * By Ben Blanchard and Jeff MasonBEIJING/WASHINGTON, May 6 (Reuters) - China said on Mondaythat a delegation was still preparing to go to the United Statesfor trade talks, even as U.S. President Donald Trumpdramatically...Read More
At Insider Monkey we follow nearly 750 of the best-performing investors and even though many of them lost money in the last couple of months of 2018 (some actually delivered very strong returns), the history teaches us that over the long-run they still manage to beat the market, which is why it can beRead full newsRead More