Kinross Gold's (TSX: K; NYSE: KGC) shares were up 6.25% on Friday, after reporting Q4 results this week. The company produced 2.45 million gold-equivalent ounces last year, with record production from its Paracatu mine in Brazil and its Bald Mountain mine in Nevada, and forecasts company-wide production this year will be similar to 2018.The company reported an attributable all-in cost per oz. s...Read More
Kinross Gold's (TSX: K; NYSE: KGC) shares were up 6.25% on Friday, after reporting Q4 results this week. The company produced 2.45 million gold-equivalent ounces last year, with record production from its Paracatu mine in Brazil and its Bald Mountain mine in Nevada, and forecasts company-wide production this year will be similar to 2018.The company reported an attributable all-in cost per oz. s...Read More
Seeking assurances from Brazilian miner Vale by phone after a second deadly dam disaster in three years is not enough for Sasja Beslik. He plans to fly there himself to get answers.Beslik, head of sustainable finance at Swedish bank Nordea, blocked the bank's investment managers from buying any more Vale shares on Jan. 26, the day after a dam filled with mining waste burst its banks, killing hundr...Read More
Have you even wanted to travel in time? You can, at least when reading about the gold market. Many analysts claim that this year is like 2016 for the gold market. We invite you to read our today’s article about the similarities and differences between the precious metals market then and today and find out what do they imply for the gold prices. Finally, the scientists have invented the time...Read More
The drug name is scheduled to report on Tuesday Up 0.8% at $159.30, at last check, drug name SAGE Therapeutics Inc (NASDAQ:SAGE) is scheduled to report fourth-quarter earnings before the market opens on Tuesday, Feb. 19. Below, we will take a look at how SAGE stock has been faring on the charts, and dive into what the options market is pricing in for the shares' post-earnings activity. SAGE stoc...Read More
Berkshire Hathaway reported a stake in the Canadian oil firmThe shares of Suncor Energy Inc. (NYSE:SU) are higher today, after activist investor Warren Buffett's Berkshire Hathaway (BRK.A) disclosed a stake in the Canadian oil firm. Against this backdrop, SU options are flying off the shelves at a much faster-than-usual pace.Suncor stock was last seen 3.8% higher at $33.78. The security has reboun...Read More
At least four analysts have issued price-target cuts on the stock this weekMedical supply distributor Henry Schein, Inc. (NASDAQ:HSIC) has taken a beating from analysts this week, with Baird, J.P. Morgan Securities, UBS, and RBC all issuing price-target cuts. The equity has managed to stay afloat, though, and is pacing to end the week with a nearly 6% gain. However, ahead of earnings next week, H...Read More
A sense of disappointment was felt across financial markets today after high-level trade talks between the US and China ended with no immediate announcement from either side. Although US Treasury Secretary Steven Mnuchin said the negotiations were ‘productive’, the amount of progress made remained unclear and this uncertainty was reflected across global equity markets. Asian shares clo...Read More
Oil prices are higher today, tooThe Dow Jones Industrial Average (DJI) is roaring into the weekend, up over 300 points at midday and on track for its eighth straight weekly win, its longest streak since late 2017. Fueling today's gains is reported trade talk progress between the U.S. and China. And at a press conference declaring a national emergency for border wall funding, President Donald Trum...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard future ups...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard future ups...Read More
In my Valentine's Day interview with Jim Goddard, I make the case that Energy stocks led by Cenovus (CVE) are likely going to start pulling their weight in the Canadian market. That would be a welcome development for Canadian investors because our indicators are also suggesting that the recent marijuana stock rally is in the final stages.Cenovus CEO Alex Pourbaix dancing to the oil patch beatBase...Read More
The shares pulled back this week on news of a Levi Strauss IPOThe shares of Abercrombie & Fitch Co. (NYSE:ANF) have been climbing higher since their Dec. 24 low at $16.65, and topped out at $22.67 earlier this week. The retail stock pulled back from this short-term peak on Tuesday following news denim company Levi Strauss filed for an initial public offering. ANF is now trading near a trendline th...Read More
Brazilian miner Vale SA said a fire broke out on Friday in its distribution center in Malaysia, temporarily affecting shipments, according to a securities filing.Vale added that the fire caused "only material damages" and that operations are likely to resume in 10 to 15 days.The company said the fire should have a reduced impact on shipments as 10 days of preventive maintenance was already program...Read More
If a mine dispute were all that SNC-Lavalin Group Inc. had to worry about, Chief Executive Officer Neil Bruce might be looking forward to next week's earnings report with some equanimity.As it stands, the Canadian engineering giant is being rocked by a political controversy that's embroiled Prime Minister Justin Trudeau and dredged up corruption allegations that date back almost two decades in Lib...Read More
* Growth picks up from 5.3 pct in 2017, beats expectations* Foreign trade up 22.3 pct on yearMongolia's economy grew 6.9 percent in 2018, beating expectations and accelerating from a 5.3 percent pace the previous year, the statistics office said on Friday.An increase in foreign trade revenues, particularly from resources such as coal and copper helped drive the expansion, which was higher than an...Read More
Performance during the Great Recession and the Greek sovereign debt crisis.Is the euro on the brink of collapse?What are the implications for the gold market?The old continent is dying. The euro is on the brink of collapse. This is what you can often hear in the press. But is that really the case? We invite you to read our today's article about the development of the Eurozone in the last 20 years...Read More
Trading at 35% discount to value of marketable securities.Three active partner-funded joint ventures provide free upside.No value currently assigned to 2.5-4% sliding NSR @ Cheechoo.Golden Valley Mines (OTCQB:GLVMF) Featured In: July 2018 Average Cost per Share: C$0.27 Current Market Price (Feb 12, 2019): C$0.34 Golden Valley Mines was the featured investment in our most recent semi-annual letter...Read More
South Africa's Gold Fields Ltd said on Friday its full-year profit slumped 73 percent, dented by a decline in bullion production led by its South Deep operations.Headline earnings per share (HEPS) fell to $0.07 per share, for the full year ended Dec. 31, 2018, from $0.26 in the previous year.HEPS is the main profit measure used in South Africa that strips out certain one-off items.Revenue dropped...Read More
The company reported worse-than-expected per-share earningsThe shares of Deere & Company (NYSE:DE) are down in early trading, after the company announced fiscal first-quarter earnings that fell short of analysts' expectations.The tractor concern blamed the rising costs of raw materials and logistics, due to the U.S.-China trade war. After briefly turning higher earlier, DE stock was last seen 0.8%...Read More