Golden Predator Mining Corp. (TSXV:GPY) (OTCQX:NTGSF) (the "Company" or "Golden Predator") is pleased to announce the Company, in its efforts to enhance project economics and move Brewery Creek towards production, has come to an agreement with Franco Nevada Corporation to eliminate its Net Smelter Royalty (NSR).Read full newsRead More
Trump just threw a wrench in the works of the Democrats' latest fishing expedition.Read full newsRead More
Fellow FAANG stock AAPL is sinking ahead of earningsThe Dow Jones Industrial Average (DJI) is down roughly 50 points, erasing early gains stemming from well-received blue-chip earnings. Apple (AAPL) is the leading laggard on the Dow, dropping ahead of earnings tonight, as fellow FAANG stock Alphabet (GOOGL) sinks on weaker-than-expected first-quarter revenue. The tech-rich Nasdaq Composite (IXIC...Read More
As we know, gold and the US dollar have an inverse relationship. Gold is priced in US dollars and the drivers of each are similar (from an inverse point of view). Over long-term periods both trend in the same direction but the magnitude of the moves can vary and be quite different.The standard inverse relationship has not been a perfect one in recent months or years.In the chart below we plot gold...Read More
The Mining Association of Canada (MAC) has awarded the Tamatumani Program at Glencore's Raglan Mine and IAMGOLD's Essakane Project with its prestigious TSM Excellence Awards in recognition of their innovative sustainability projects. The companies were presented their awards yesterday at the CIM Awards Gala in Montreal."MAC's TSM Excellence Awards represent the best of the best when it comes to sh...Read More
The U.S. push to challenge China's dominance in the production and sale of electric vehicles has at least one weak link: Most of the raw materials needed to make the batteries are dug elsewhere.Both Chinese and US-based companies have invested heavily in lithium mining projects in Chile, Australia and Argentina, some of the world's top producing nations. But unlike the U.S., Chinese companies have...Read More
Ford stock just saw its best day in years last FridayShares of Ford Motor Company (NYSE:F) are moving higher in this morning's trading, last seen up 0.8% at $10.40, after receiving a price-target hike to $12.50 from $11 at Jefferies, and announcing a new partnership with Amazon.com (AMZN), where deliveries will be made to qualifying Ford and Lincoln vehicles. Jefferies said strong first-quarter r...Read More
The internet stock is trading near key technical supportThe shares of internet name Altaba Inc (NASDAQ:AABA) just pulled back to their 40-day moving average and a pennant breakout trendline before bouncing higher. The stock has since consolidated beneath the $76.50 area, which happens to be the 10% year-over-year level. Currently, AABA's Schaeffer's put/call open interest ratio (SOIR) of 0.97 sits...Read More
Industrial metal markets are taking a breather as they await tangible evidence that China's latest stimulus package is feeding through to a flagging manufacturing sector.April's purchasing managers indices, weaker than expected but still just in expansion territory, mean the collective guessing game continues.Copper imports almost matched last year's record pace, while China continues to soak up r...Read More
Jefferies analysts believe MHK's downside is limited from hereFlooring expert Mohawk Industries, Inc. (NYSE:MHK) has seen its stock struggle mightily ever since a late-2017 peak near $287. As such, it's not surprising to note that the majority of covering analysts have skeptical outlooks on the shares, with nine of 15 handing out "hold," "sell," or "strong sell" recommendations. However, Jefferies...Read More
The FAANG stock unveiled first-quarter revenue that didn't live up to expectations Google parent Alphabet Inc's (NASDAQ:GOOGL) highly anticipated first-quarter earnings were released after the close last night, with mixed results. The FAANG name posted a better-than-expected adjusted profit, but revenue that fell below estimates. In a subsequent conference call, Chief Financial Officer Ruth Porat...Read More
Unionized workers at Peruvian miner Minsur's San Rafael tin mine, a major tin producer, started an indefinite strike on Tuesday to demand a bonus, the company said.The union was not satisfied with the share of profits that the mine distributed to workers, Minsur said in a statement to Peru's market regulator. It added that labor authorities did not approve of the strike.(By Maria Cervantes and Mit...Read More
South African environmental groups have challenged the government's decision to grant permission for a water project which aims to supply developments for its future coal reserves.Authorizing a part of the Mokolo Crocodile (West) Water Augmentation Project, which would pump water to the coal-rich Waterberg region, is unlawful because the development "must be socially, environmentally and economica...Read More
Most analysts remains wary, thoughThe shares of JD.com Inc (NASDAQ:JD) are up 2.4% to trade at $30.60 this morning, after J.P. Morgan Securities raised its rating to "overweight" from "neutral." The brokerage firm also upped its price target to $38 from $30, while noting several positive catalysts for JD stock, including improving demand, new product launches, and Chinese government stimulus plan...Read More
About 1,800 workers were trapped at Sibanye-Stillwater's Rustenburg platinum mine in South Africa earlier today after an accident halted operation of a shaft used to transport workers.The company says 1,500 out of the 1,800 miners that were working the shift have now been brought to the surface, and the remaining miners are gradually being hoisted after an inspection confirmed it was safe.Concern...Read More
The US economic growth in the Q1 2019 positively surprised. Indeed, on the upside. The doubting Thomasses were proven wrong. And The Socialist Party just won the snap elections in Spain. Is the left back in vogue in the Eurozone? But what does it all mean for the gold market? US GDP Surprises on the Upside On Friday, the government said that the US GDP expanded at a 3.2 percent annual pace in the...Read More
The company is expected to report quarterly figures this weekEvelo Biosciences Inc (NASDAQ:EVLO) will report quarterly earnings on Thursday, May 2. Ahead of the event, analysts at Jefferies initiated coverage of the biotech stock with a "buy" rating and $18 price target -- more than double EVLO's closing price of $8.44 yesterday. Due to Evelo's "strong platform and promising data to date," the bro...Read More
One of Cuba's biggest foreign investors isn't fazed by President Donald Trump's push to make doing business in the communist-run Caribbean nation more difficult.David Pathe said Sherritt International Corp. has deep roots on the island, and the chief executive officer is hopeful renewed oil exploration efforts will help buoy the Canadian mining and energy company's battered share price.The claim a...Read More
An environmental group has filed a complaint to U.S. and Canadian securities regulators alleging that Northern Dynasty Minerals Ltd. misled investors about its controversial Pebble mining project in Alaska.Northern Dynasty - whose plan to develop a copper and gold mine near Bristol Bay faces staunch environmental opposition - issued incomplete and misleading information in an attempt to drum up ca...Read More
An environmental group has filed a complaint to U.S. and Canadian securities regulators alleging that Northern Dynasty Minerals Ltd. misled investors about its controversial Pebble mining project in Alaska.Northern Dynasty - whose plan to develop a copper and gold mine near Bristol Bay faces staunch environmental opposition - issued incomplete and misleading information in an attempt to drum up ca...Read More