Goldsource Mines has discovered more near surface gold with the first two drill holes of an ongoing exploration campaign at its Salbora gold target, 1.5 km northwest of its Eagle Mountain gold project in Guyana.The two diamond core holes cut gold mineralization below a previously dug trench that returned 1.92 grams gold over 123 metres. The company estimates the target's surface foot print is 500...Read More
Goldsource Mines has discovered more near surface gold with the first two drill holes of an ongoing exploration campaign at its Salbora gold target, 1.5 km northwest of its Eagle Mountain gold project in Guyana.The two diamond core holes cut gold mineralization below a previously dug trench that returned 1.92 grams gold over 123 metres. The company estimates the target's surface foot print is 500...Read More
Goldsource Mines has discovered more near surface gold with the first two drill holes of an ongoing exploration campaign at its Salbora gold target, 1.5 km northwest of its Eagle Mountain gold project in Guyana.The two diamond core holes cut gold mineralization below a previously dug trench that returned 1.92 grams gold over 123 metres. The company estimates the target's surface foot print is 500...Read More
Galway Metals has discovered 7 metres of visible gold starting 51 metres downhole in a new area of its Clarence Stream project in New Brunswick, its second gold discovery on the property in two and a half years of drilling.The new gold zone is along strike of the project's George Murphy and Jubilee Zones.The discovery hole intersected weathered, altered sediments with disseminated pyrite and arsen...Read More
Galway Metals has discovered 7 metres of visible gold starting 51 metres downhole in a new area of its Clarence Stream project in New Brunswick, its second gold discovery on the property in two and a half years of drilling.The new gold zone is along strike of the project's George Murphy and Jubilee Zones.The discovery hole intersected weathered, altered sediments with disseminated pyrite and arsen...Read More
The activist investment firm sees 50% downside risk for DOXThe shares of Amdocs Limited (NASDAQ:DOX) are getting crushed this morning, after short seller Spruce Point Capital Management weighed in on the software concern. Specifically, the firm sees up to 50% downside risk in DOX shares, calling them a "strong sell" due to shady financials and accounting practices. The report claims Amdocs "has en...Read More
An overdue round of bull notes could create tailwinds for MTCHDating services stock Match Group Inc (NASDAQ:MTCH) has broken out of a technical downtrend, and now sits above its second-quarter highs from 2018. The shares recently pulled back to their 10-month moving average, a trendline with historically bullish implications. More specifically, two prior pullbacks to this support level have yielde...Read More
There is room for more upgrades on the drug stockThe shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) are up 2.3% to trade at $19.19 this morning, after UBS raised its outlook on the drugmaker to "buy" from "neutral," while upping its price target to $24 from $23. The analyst in coverage called the stock "too cheap to ignore," and lauded the company's upcoming new launches. It's been...Read More
Walmart dropped its lawsuit against the financial firmThe shares of Synchrony Financial (NYSE:SYF) are up 10.7% at $29.40 in early trading, after the company's fiscal fourth-quarter earnings exceeded analyst expectations. Plus, Walmart (WMT)dropped its lawsuit against the consumer lending concern, and Synchrony extended its strategic partnership with Walmart-owned Sam's Club. Today, SYF stock is...Read More
Morgan Stanley lifted its rating and price target on WMTThe shares of Walmart Inc (NYSE:WMT) are trading up 1.7% at $99.08, after Morgan Stanley upgraded the Dow stock to "overweight" from "equal weight," and raised its price target to $110 from $107. Analyst Simeon Gutman waxed optimistic over WMT's "unprecedented commitment to cost control," and said it expects Walmart U.S. to "be one of the few...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
Norway's massive sovereign wealth fund has increased its exposure to coal reserves even after imposing restrictions on investing in the fossil fuel that's seen as one of the main catalysts for global warming, according to a report.The findings are another illustration of how the ban, which restricts investments in companies that get more than 30 percent of their activity or revenue from coal, stil...Read More
• Optimism over US-China trade talks weighs on traditional safe-haven assets. • The positive tone around the US bond yields further collaborates towards capping. • A subdued USD demand turns out to be the only factor lending some support. Gold struggled to build on the overnight goodish up-move from closer to two-week lows and s...Read More
Ghanaian President Nana Akufo-Addo pledged that the incursion of illegal miners which forced AngloGold Ashanti Ltd. to evacuate its Obuasi operation won't be repeated.Speaking at a ceremony that marked the reopening of the century-old mine in the south of the country, Akufo-Addo said Tuesday that the "forceful encroachment on the concession of the company" was over, according to an emailed copy of...Read More
Corporate earnings reports have been almost uniformly positive this morningDow Jones Industrial Average (DJI) futures are trading above fair value this morning, with stocks set to jump thanks to strong corporate earnings. Most notably, Dow components Procter & Gamble (PG), United Technologies (UTX), and IBM (IBM) are all on pace for strong gains after their quarterly reports. The results are helpi...Read More
Traders can still take something away from the random indicatorThe Super Bowl teams are set and based on the Super Bowl Indicator, investors should be rooting for the Los Angeles Rams. The table below shows the Dow Jones Industrial Average (DJI) has outperformed in years that the NFC team defeated the AFC team in the Super Bowl. I doubt, however, there's anyone that takes the Super Bowl Indicator...Read More
Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) took a hit Wednesday after the company said it expected a decline in silver output in 2019.The company, which is the world's largest primary silver producer and Mexico's No.2 gold miner, posted record silver production, and strong gold output in 2018, despite it being a "challenging year" for the company.Delivering production fi...Read More
Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) took a hit Wednesday after the company said it expected a decline in silver output in 2019.The company, which is the world's largest primary silver producer and Mexico's No.2 gold miner, posted record silver production, and strong gold output in 2018, despite it being a "challenging year" for the company.Delivering production fi...Read More
A report issued by the Amsterdam-based Responsible Mining Foundation reveals that many Toronto-listed junior and mid-tier mining companies do not properly disclose environmental, social and governance information related to their mine sites in Australia, Burkina Faso, Canada, the Ivory Coast, Liberia, Mali, Mexico, Kyrgyz Republic, and Suriname.The study assessed mine-site-level disclosure by 12 c...Read More
QMC Quantum Minerals (TSXV: QMC) announced that it is currently in discussions with SGS Canada to have them run preliminary metallurgical testing on a large lithium pegmatite sample to be obtained from the company's Irgon Lithium Mine Project in southeastern Manitoba, Canada.In a press release, QMC explained that the study will be designed to produce a saleable concentrate for which there will be...Read More