Brazil's Usinas Siderurgicas de Minas Gerais posted 830 million reais ($223.21 million) in profit in 2018, more than doubling its earnings from a year ago, the company said in a securities filing on Friday.Brazil's steelmakers have benefitted from higher metal prices in 2018 amid global trade disputes between the United States and China.($1 = 3.7184 reais)(By Marcelo Rochabrun; Editing by Mark Pot...Read More
* Gold prices in India trading near record levels* Yen-denominated gold climbs to 1-year peak* China premiums ease to $7-$10/ozA rally in domestic prices curtailed physical gold demand in India and Japan, with interest in the precious metal lacklustre in other Asian centres as markets gradually return from the Lunar New Year holidays.In India, gold traded around 34,400 rupees per 10 grams, not far...Read More
Berkshire Hathaway trimmed its stake in the tech giant in the fourth quarterThe shares of Apple Inc. (NASDAQ:AAPL) are modestly higher in early trading, even after a Securities and Exchange Commission (SEC) filing revealed Warren Buffett's Berkshire Hathaway (BRK.A) trimmed its stake in the tech giant by 1.1% to 249.6 million shares in the fourth quarter, though none of the selling was at the han...Read More
Options data suggests it could be a bad idea to sell premium on TNDMThe shares of insulin pump maker Tandem Diabetes Care Inc (NASDAQ:TNDM) yesterday notched their second highest close from the past year, adding 6.6% on the day thanks to news that the Food and Drug Administration (FDA) classified the company's t:slim X2 as the first device in the new Alternate Controller Enabled (ACE) category. TN...Read More
Both stocks have had impressive starts to 2019The shares of Aphria Inc (NYSE:APHA) are trading up 6.1% ahead of the bell, after a special review concluded the cannabis company's purchase of LATAM Holdings was sound. The committee also offered suggestions for improvement, including board compensation and adopting a formal strategic planning process.Since bottoming at a record low of $3.75 on Dec. 6...Read More
Relatives of trapped illegal Zimbabwean gold miners on Friday expressed frustration at the slow pace of rescue efforts, saying they were losing hope of finding up to 70 people alive as the government declared the accident a disaster.Rescuers in Battlefields, 175 km (109 miles) west of Harare, had hoped to start bringing the miners out by Friday afternoon but the amount of water in the pits and und...Read More
The DJI is eyeing its eighth straight weekly gainDow Jones Industrial Average (DJI) futures are modestly higher this morning, with the index pacing for an eighth straight weekly win. Ongoing optimism over U.S.-China trade talks is giving the Dow a boost, with another round of negotiations expected in Washington, D.C., next week. And speaking of D.C., President Donald Trump agreed to sign a governm...Read More
FDX stock has gained 14% year-to-date alreadyThe shares of FedEx Corporation (NYSE:FDX) are down 3% in electronic trading, after the company's President and COO David Bronczek unexpectedly stepped down. Bronczek had just been named a director two weeks ago, and will now be replaced by Raj Subramaniam. Credit Suisse weighed in on the shake-up, noting that is creates "more questions than answers."...Read More
A new lithium technology could change the face of lithium production forever.Andrew Carnegie didn't invent the Bessemer converter, but used it to amass an incredible fortune producing steel at lower costs. What one simple machine can do for increasing production and lowering costs is staggering (think of the cotton gin).The lithium industry has been plagued with inefficiency and expensive producti...Read More
Africa-focused gold miner Centamin (LON:CEY) (TSX:CEE) said Friday that drilling activities at its Doropo licence in C??te d'Ivoire resulted in more than double the mineral resources estimated for the area, which remains largely underexplored, with numerous targets identified.The Doropo mineral resource grew to 2.13m ounces at 1.31 grams per tonne of gold in the indicated category, up 58% from la...Read More
Africa-focused gold miner Centamin (LON:CEY) (TSX:CEE) said Friday that drilling activities at its Doropo licence in C??te d'Ivoire resulted in more than double the mineral resources estimated for the area, which remains largely underexplored, with numerous targets identified.The Doropo mineral resource grew to 2.13m ounces at 1.31 grams per tonne of gold in the indicated category, up 58% from la...Read More
Africa-focused gold miner Centamin (LON:CEY) (TSX:CEE) said Friday that drilling activities at its Doropo licence in C??te d'Ivoire resulted in more than double the mineral resources estimated for the area, which remains largely underexplored, with numerous targets identified.The Doropo mineral resource grew to 2.13m ounces at 1.31 grams per tonne of gold in the indicated category, up 58% from la...Read More
Africa-focused gold miner Centamin (LON:CEY) (TSX:CEE) said Friday that drilling activities at its Doropo licence in C??te d'Ivoire resulted in more than double the mineral resources estimated for the area, which remains largely underexplored, with numerous targets identified.The Doropo mineral resource grew to 2.13m ounces at 1.31 grams per tonne of gold in the indicated category, up 58% from la...Read More
Monarch Gold (TSX: MQR) resumed diamond drilling at its wholly-owned Croinor Gold property, where activities were suspended following a winter freeze that affected Quebec's Val-d'Or region.In a press release, the Canadian company said the purpose of the current 1,750-metre campaign is to finish the 2018 drilling program and to drill high potential targets.Monarch said that before it was suspended,...Read More
Monarch Gold (TSX: MQR) resumed diamond drilling at its wholly-owned Croinor Gold property, where activities were suspended following a winter freeze that affected Quebec's Val-d'Or region.In a press release, the Canadian company said the purpose of the current 1,750-metre campaign is to finish the 2018 drilling program and to drill high potential targets.Monarch said that before it was suspended,...Read More
Monarch Gold (TSX: MQR) resumed diamond drilling at its wholly-owned Croinor Gold property, where activities were suspended following a winter freeze that affected Quebec's Val-d'Or region.In a press release, the Canadian company said the purpose of the current 1,750-metre campaign is to finish the 2018 drilling program and to drill high potential targets.Monarch said that before it was suspended,...Read More
Silver One Resources (TSXV: SVE) reported this week that it started drilling at its Pe??asco Quemado project located in northern Sonora, Mexico.In a press release, Silver One explained that the 1,000-metre diamond drilling program is based on the strength of the soil geochemical anomalies near to a historically defined manto or replacement-style silver resource."The property hosts geological simil...Read More
Silver One Resources (TSXV: SVE) reported this week that it started drilling at its Pe??asco Quemado project located in northern Sonora, Mexico.In a press release, Silver One explained that the 1,000-metre diamond drilling program is based on the strength of the soil geochemical anomalies near to a historically defined manto or replacement-style silver resource."The property hosts geological simil...Read More
Silver One Resources (TSXV: SVE) reported this week that it started drilling at its Pe??asco Quemado project located in northern Sonora, Mexico.In a press release, Silver One explained that the 1,000-metre diamond drilling program is based on the strength of the soil geochemical anomalies near to a historically defined manto or replacement-style silver resource."The property hosts geological simil...Read More
Iron ore producer Fortescue Metals Group (ASX:FMG) revealed Friday that one of its massive driverless trucks collided with another at one of its Western Australia mines earlier this week. There were no injuries.The truck, said the company, was traveling at low speed and crashed into another that was parked at its Christmas Creek iron ore mine in the Pilbara region.One of the trucks was traveling a...Read More