Africa-focused Firestone Diamonds (LON:FDI) didn't exactly have a bright year in 2018, with its shares down almost 70% to date, and the situation likely to get worse after it reported Monday that production had dropped 13% in the second quarter of its financial year.The company's Liqhobong diamond mine in Lesotho treated 884,252 tonnes of ore in the three months to the end of December 2018 at an...Read More

First Quantum Minerals Ltd. has offered to buy the Zambian government's 20 percent stake in Africa's biggest copper mine for as much as $700 million, according to two people familiar with the transaction.Vancouver-based First Quantum already owns 80 percent of the Kansanshi mine in Zambia's North-Western Province, while state-owned ZCCM Investments Holdings Plc holds the rest. The proposal, which...Read More

The drug met the main goal in two late-stage studiesThe shares of Incyte Corporation (NADSAQ:INCY) were pointed higher in pre-market trading, after the company's experimental atopic dermatitis treatment met the main goal in two late-stage studies. The drug, which is being marketed as Olumiant, was jointly developed with pharma giant Eli Lilly (LLY). However, INCY shares have since turned lower, d...Read More

YELP shares have been gaining since their November bottomYelp Inc (NYSE:YELP) is trading up 2.5% at $38.10 after Goldman Sachs initiated coverage on the review specialist with a "buy" rating and $42 price target. This has YELP stock set for a second consecutive close above the 80-day moving average following two months of trading below the trendline, while the 20-day moving average has been strong...Read More

South Africa's radical leftist Economic Freedom Fighters (EFF) will nationalise all mines by 2023 if elected this year, the party said in its election manifesto launched on Saturday.The party is using an anti-corruption, jobs creation and state control of the economy platform to challenge the governing African National Congress (ANC) in the election expected in May. We cannot postpone the land que...Read More

South Africa's radical leftist Economic Freedom Fighters (EFF) will nationalise all mines by 2023 if elected this year, the party said in its election manifesto launched on Saturday.The party is using an anti-corruption, jobs creation and state control of the economy platform to challenge the governing African National Congress (ANC) in the election expected in May. We cannot postpone the land que...Read More

The company's Jeuveau was approved to treat frown linesThe shares of pharmaceutical concern Evolus Inc (NASDAQ:EOLS) are soaring this morning, after the Food and Drug Administration (FDA) late Friday approved the company's Jeuveau to treat frown lines. The regulatory body back in May declined to approve the Botox rival, but accepted a resubmitted marketing application in August. Out of the gate to...Read More

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Things still look good for gold, but a "devil's advocate" approach is needed.U.S.-China trade war resolution could potentially reverse gold's rally.A conservative money management discipline is, therefore, needed.In the last few months, I've used this report to make the bullish intermediate-term (3-9 months) case for gold. That outlook appears to still be sound based on the weigh...Read More

Traders must watch FDN's progress around its 200-day trendline over the next few sessionsThe FANG stock-loaded First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) is entering a historically bullish month, according to data from Schaeffer's Senior Quantitative Analyst Rocky White. Over the past 10 years, FDN has emerged as the top exchange-traded fund (ETF) performer during the month of Februa...Read More

Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent's biggest gathering of one of its most essential industries.Key developments:Tailings dams in focus. All the big miners spoke about wanting to ensure the safety of their dams after the Vale's disaster in Brazil. Anglo American gave a surprising prediction that it wants to reach a point where...Read More

Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent's biggest gathering of one of its most essential industries.Key developments:Tailings dams in focus. All the big miners spoke about wanting to ensure the safety of their dams after the Vale's disaster in Brazil. Anglo American gave a surprising prediction that it wants to reach a point where...Read More

Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent's biggest gathering of one of its most essential industries.Key developments:Tailings dams in focus. All the big miners spoke about wanting to ensure the safety of their dams after the Vale's disaster in Brazil. Anglo American gave a surprising prediction that it wants to reach a point where...Read More

Wall Street may experience a post-Super Bowl hangover todayU.S. stock futures are pointing to a muted open for today's post-Super Bowl session. Dow Jones Industrial Average (DJI) futures are trading below fair value after another weekly win, and Nasdaq-100 Index (NDX) futures are also weak ahead of earnings from Google parent Alphabet (GOOGL), due out after the close. On the data front, factory o...Read More

How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More

Newly released CoT data shows VIX futures players went net long at just the wrong time"...the sentiment landscape suggests there is fuel to push the market higher. That said, a slew of potential technical resistance levels remain overhead, so be cognizant of these levels to appropriately assess risk. Multiple uncertainties continue to linger -- including the shutdown, as the bill signed by Trump o...Read More

   •  The USD builds on Friday’s post-data rebound and continues exerting pressure.   •  US-China trade optimism dent safe-haven demand and add to the selling bias.   •  Comments by a slew of FOMC members might provide a fresh directional impetus. Gold extended last week's retracement slide from near nine-month tops and remained...Read More

Rio Tinto's BC Works aluminum smelter and Kemano power operations have been certified by the Aluminium Stewardship Initiative (ASI). This is the highest internationally recognized standard for environmental, social and governance practices.All of Rio Tinto's aluminum operations in Canada are now ASI certified. That makes the company the only one that sells ASI certified aluminum through a chain of...Read More

Vancouver-based Lithium Energy Products (TSX-V: LEP) announced that it entered into a Binding Letter of Intention with American Strategic Minerals to acquire 100% of its assets, including the Lost Sheep fluorite mine in Juab County, Utah.In a press release, LEP explained that this arm's length acquisition will include 51 claims of US federal land, and 640 acres of State land, covering a total land...Read More

A Brazilian court has ordered mining giant Vale (NYSE:VALE) to halt operations at its Brucutu iron ore mine, the largest in Minas Gerais state, following last month's tailings dam disaster at Brumadinho, which left at least 134 dead.The veredict, quoted by O Globo, one of the most respected Brazilian publications, includes an injunction that bans Vale from storing tailings in the Laranjeiras dam...Read More