SANTIAGO - Chile's Antofagasta expects to reach an agreement with miner BHP to help ensure water supply at its Zalidvar copper mine in the country's northern desert, a company official told a Chilean newspaper on Friday.Antofagasta needs access to water for the future development of its Zaldivar copper deposit, which is near BHP's Escondida mine, the world's largest copper mine. Zaldivar's size, h...Read More
SANTIAGO - Chile's Antofagasta expects to reach an agreement with miner BHP to help ensure water supply at its Zalidvar copper mine in the country's northern desert, a company official told a Chilean newspaper on Friday.Antofagasta needs access to water for the future development of its Zaldivar copper deposit, which is near BHP's Escondida mine, the world's largest copper mine. Zaldivar's size, h...Read More
The brokerage firm expressed concern over marginsWedbush downgraded Lululemon Athletica inc. (NASDAQ:LULU) to "neutral" from "outperform," and cut its price target to $155 from $176 -- a slim 4% premium to last night's close. The analyst in coverage said proprietary data sparked margin concerns, and noted the potential for tame guidance following a volatile February for retail. This bear note come...Read More
Chipotle stock has seen significant improvement since JanuaryShares of Chipotle Mexican Grill, Inc. (NYSE:CMG) are moving higher this morning, last seen up 1% at $676.43. Driving the price action is yet another analyst bull note for CMG, this time out of Wedbush, which upgraded the security to "neutral" from "underperform," and hiked its price target to $640 from $500. The firm said it no longer...Read More
The retailer just appointed George Sherman as its new CEOThe shares of GameStop Corp (NYSE:GME) are up 0.9% at $10.64, after the video game retailer appointed George Sherman as its new CEO. Comments and a subsequent price-target cut from Jefferies are keeping a lid on the gains, though. The analyst slashed its GME target price to $12 from $13, noting the company's current lack of vision. GameStop...Read More
3M gave a presentation to investors yesterday3M Co (NYSE:MMM) yesterday gave a presentation that laid out the company's long-term financial objectives. While the stock initially experienced heavy selling, it eventually closed the day higher. Morgan Stanley apparently wasn't impressed, however, this morning dropping its price target to $199 from $201, saying the negative quarterly trends are backin...Read More
LUSAKA - Vedanta Resources has appointed Christopher Sheppard as the new chief executive officer for its Zambian unit Konkola Copper Mines Plc (KCM), the local firm said on Friday.Sheppard has 35 years of mining experience and takes over from acting CEO Venkatesan Giridhar, who will now revert to his role as chief financial officer, KCM said in a statement.Sheppard has previously held leadership r...Read More
LUSAKA - Vedanta Resources has appointed Christopher Sheppard as the new chief executive officer for its Zambian unit Konkola Copper Mines Plc (KCM), the local firm said on Friday.Sheppard has 35 years of mining experience and takes over from acting CEO Venkatesan Giridhar, who will now revert to his role as chief financial officer, KCM said in a statement.Sheppard has previously held leadership r...Read More
With everyone talking about recession, investors desperately need some clues to assess the state of the economy. This is what our today’s article provide you with. We invite you to read it and find out what are the two most important recession indicators – and what is the link between them and the gold prices. Two Most Important Recession Indicators and Gold With everyone talking about...Read More
MANILA - Philippine copper and gold producer Philex Mining Corp on Friday said the start of output at its Silangan mine in the south of the country would be delayed by four years until 2022, hit by a national ban on new open-pit mining.The Silangan copper and gold mine could be Philex's biggest source of revenue after its 61-year-old Padcal mine in the north is expected to close in 2022.Silangan w...Read More
MANILA - Philippine copper and gold producer Philex Mining Corp on Friday said the start of output at its Silangan mine in the south of the country would be delayed by four years until 2022, hit by a national ban on new open-pit mining.The Silangan copper and gold mine could be Philex's biggest source of revenue after its 61-year-old Padcal mine in the north is expected to close in 2022.Silangan w...Read More
MANILA - Philippine copper and gold producer Philex Mining Corp on Friday said the start of output at its Silangan mine in the south of the country would be delayed by four years until 2022, hit by a national ban on new open-pit mining.The Silangan copper and gold mine could be Philex's biggest source of revenue after its 61-year-old Padcal mine in the north is expected to close in 2022.Silangan w...Read More
Nike's North American sales figures fell short of expectationsDow Jones Industrial Average (DJI) futures are sharply below fair value this morning, under pressure after retail giant Nike (NKE)reported weaker-than-expected North American sales for its fiscal third quarter. Plus, concerns about slowing global economic growth raised after the Fed meeting earlier this week are being exacerbated today...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) scored a big win this week after the U.S. Forest Service approved the company's mine plan of operations (MPO) for its $1.9 billion Rosemont copper project in Arizona."Rosemont is now a fully permitted, shovel-ready copper project and we look forward to developing this world-class asset," president and chief executive Alan Hair said in a statement.T...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) scored a big win this week after the U.S. Forest Service approved the company's mine plan of operations (MPO) for its $1.9 billion Rosemont copper project in Arizona."Rosemont is now a fully permitted, shovel-ready copper project and we look forward to developing this world-class asset," president and chief executive Alan Hair said in a statement.T...Read More
It's not a great time to be a coal miner, but there's never been a better time for their shareholders.U.S. coal companies returned almost $3.7 billion in dividends and buybacks to shareholders in the 12 months through September, and S&P Global Ratings expects more of the same this year. That's boosting yields to unheard-of levels, in some cases to about nine times that of 10-year treasuries.Strong...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
• USD fails to capitalize on the overnight rebound and helps regain traction. • Dovish Fed outlook/renewed US-China trade tensions remained supportive. Gold quickly reversed an Asian session dip to $1307 area and is currently placed at session tops, recovering all of the previous session's modest pull-back from three-week tops. The US Dollar...Read More
* FTSE 100 down 2 pct * FTSE 250 down 1.8 pct * Sterling rise hits international companies * Weak data from Europe, U.S. also weighs * Pearson gains on upgrade, bullish comments from JPM * All sectors on both UK indexes end in the red (Adds news item, analyst comment, updates to closing prices)By Muvija M and Yadarisa ShabongMarch 22 (Reuters) - London's FTSE 100 retreated frommulti-month highs to...Read More
The Mackenzie Valley Land and Water Board issued a Type B water license approving TerraX Minerals' (TSXV: TXR) broad exploration plan for its Yellowknife City gold project, located in Canada's Northwest Territories.According to TerraX, the Water License, which is effective for seven years until March 6, 2026, enhances the new Land Use Permit that the company obtained last February. The permit cove...Read More