Mitsui & Co on Friday cut full-year profit forecast by 2 percent due to the absence of a dividend from Vale, but the Japanese trading house does not plan to change its holding in the Brazilian miner, a company executive said.With 110 people confirmed dead and another 238 missing, according to firefighters' count on Thursday evening, the collapse of tailings dam, which belongs to top iron ore miner...Read More
The shares are trading down almost 4% ahead of the bellThe shares of Opko Health Inc. (NASDAQ:OPK) are down 3.8% in electronic trading, after the Florida-based diagnostics firm said its suspending a mid-stage trial studying OPK-88004, a selective androgen receptor modulator (SARM) used on patients with benign prostatic hyperplasia. This is offsetting news the Food and Drug Administration (FDA) app...Read More
AMZN results could weigh down the tech sector, thoughU.S. stock futures are trading mixed, as traders consider this morning's surprising jobs report. Specifically, nonfarm payrolls for January showed the economy added304,000 jobs, torching estimates of 170,000 despite the government shutdown. While the unemployment rate moved up slightly to 4%, Wall Street will be wondering how the strong economic...Read More
GOLD I covered our long Gold position because as it struck 1326 it just did not want to stay up there, and the lower close after making for Gold a new Yearly high was a bit disconcerting so I covered longs at 1321 and look again....Gold needs to break this 1326 area to stand a chance of trading higher. Can we break it when the market is so overbought... I don't think so...but remember these in...Read More
Residents of Brumadinho, Brazil, where a mining dam ruptured last week leaving at least 110 dead, 238 missing and an environmental disaster of epic proportions, claim a law-enforced alarm didn't go off on time to save lives, local media report.According to O Globo, one of the most respected Brazilian publications, mining giant Vale (NYSE:VALE) acknowledged that warning sirens at its C??rrego do...Read More
Residents of Brumadinho, Brazil, where a mining dam ruptured last week leaving at least 110 dead, 238 missing and an environmental disaster of epic proportions, claim a law-enforced alarm didn't go off on time to save lives, local media report.According to O Globo, one of the most respected Brazilian publications, mining giant Vale (NYSE:VALE) acknowledged that warning sirens at its C??rrego do...Read More
Sokoman Iron (TSXV: SIC) announced that it now owns a 100% interest in the Moosehead gold property, located in central Newfoundland, Canada.In a press release, Sokoman said, as required in the option agreement it signed with Altius Resources (TSX: ALS), the company invested $500,000 in exploration expenditures as an operator within the first year of the closing of the deal.Core from one of the hol...Read More
Eldorado Gold unexpectedly changed its Kisladag development plans.The heap-leach mining will resume in Q1, without the need to build the expensive mill.Eldorado Gold should produce 390,000-420,000 toz gold this year and 520,000-550,000 toz gold next year.With the improved cash flow and no Kisladag mill expenditures, a range of new options opens up for Eldorado Gold.Shares of Eldorado Gold (EGO) ju...Read More
Sokoman Iron (TSXV: SIC) announced that it now owns a 100% interest in the Moosehead gold property, located in central Newfoundland, Canada.In a press release, Sokoman said, as required in the option agreement it signed with Altius Resources (TSX: ALS), the company invested $500,000 in exploration expenditures as an operator within the first year of the closing of the deal.Core from one of the hol...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
MAX Resource (TSXV: MXR) announced this week that, following sampling work at five conglomerate trial pits on its Choc?? project, free gold was observed in the test concentrates obtained from each of the hard rock pits.In a press release, MAX said that initial results suggest potential gold continuity throughout a surface area of approximately eight square kilometers, open in all directions.The Va...Read More
MAX Resource (TSXV: MXR) announced this week that, following sampling work at five conglomerate trial pits on its Choc?? project, free gold was observed in the test concentrates obtained from each of the hard rock pits.In a press release, MAX said that initial results suggest potential gold continuity throughout a surface area of approximately eight square kilometers, open in all directions.The Va...Read More
MAX Resource (TSXV: MXR) announced this week that, following sampling work at five conglomerate trial pits on its Choc?? project, free gold was observed in the test concentrates obtained from each of the hard rock pits.In a press release, MAX said that initial results suggest potential gold continuity throughout a surface area of approximately eight square kilometers, open in all directions.The Va...Read More
(Updates with closing prices)By Eric OnstadLONDON, Feb 1 (Reuters) - Aluminium prices dropped onFriday, pressured by concern over excess supply after the topproducer said it would resume some output, while some basemetals were weighed down by weak Chinese factory data.Other metals climbed, however, with zinc hitting its highestlevel in nearly seven months.China Hongqiao Group , the world's top alu...Read More
Lithium is set to soar - and leave investors pocking huge profits.Even with all the headlines and controversy surrounding Tesla founder Elon Musk, recent research shows that even bad press can't stop the momentum of a huge component that makes Tesla what it is today.In fact, Tesla merely helped highlight how completely critical lithium is in today's increasingly-technological world... and how scar...Read More
During the lackluster and otherwise unremarkable trading of 2018, a hugely important development took place in the precious metals markets. Gold production, in the estimation of some top industry insiders, peaked.Peak gold represents the point at which the total number of ounces being pulled out of the ground by miners reaches a maximum.The concept of peak gold is controversial, to be sure.During...Read More
* Quotas set at 2015-2017 average imports, plus 5 pct * Tariffs of 25 pct apply if quotas are filled * Steel group welcomes move, carmakers don't (Adds EU steel body, Swiss inclusion)By Philip BlenkinsopBRUSSELS, Feb 1 (Reuters) - The European Union will imposelimits on steel coming into the bloc from Saturday in responseto U.S. President Donald Trump's metals tariffs, a filing in theEuropean Unio...Read More
Teck Resources, (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, announced late on Thursday it expected fourth-quarter profits to be significantly below estimates, due to the low price of Canadian oil at the end of 2018, issues at its operations in Trail, B.C., and a decline in commodity prices.The Vancouver-based mining giant said all those factors combined, plus inventory v...Read More
Teck Resources, (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, announced late on Thursday it expected fourth-quarter profits to be significantly below estimates, due to the low price of Canadian oil at the end of 2018, issues at its operations in Trail, B.C., and a decline in commodity prices.The Vancouver-based mining giant said all those factors combined, plus inventory v...Read More
Teck Resources, (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, announced late on Thursday it expected fourth-quarter profits to be significantly below estimates, due to the low price of Canadian oil at the end of 2018, issues at its operations in Trail, B.C., and a decline in commodity prices.The Vancouver-based mining giant said all those factors combined, plus inventory v...Read More