FCX is on track to break through a former ceilingThe shares of Freeport-McMoRan Inc (NYSE:FCX) are up 5% in electronic trading, after Morgan Stanley upgraded the equity to "overweight" from "equal weight," while trimming its price target to $14 from $16. The analyst in coverage thinks FCX will lead its peers in pricing leverage and benefit from improving China demand, and believes the mining name...Read More
Precious metals miner Hochschild Mining (LON: HOC) has been forced to halt operations at its Arcata gold and silver mine in Peru, saying that low silver prices had left the company little choice aside from suspension.Hochschild, which operates three mines in southern Peru and one in southern Argentina, said Arcata would be on "full care and maintenance" by the second quarter of 2019.Any potential...Read More
Precious metals miner Hochschild Mining (LON: HOC) has been forced to halt operations at its Arcata gold and silver mine in Peru, saying that low silver prices had left the company little choice aside from suspension.Hochschild, which operates three mines in southern Peru and one in southern Argentina, said Arcata would be on "full care and maintenance" by the second quarter of 2019.Any potential...Read More
The VIX tends to move higher after it first breaks below 15A recent MarketWatch article caught my eye, pointing out that the Cboe Volatility Index (VIX) has been above 15 for about four months now -- its longest streak since 2012. For those unfamiliar with the VIX, it's calculated using options on the S&P 500 Index (SPX). The more option traders are paying for SPX options, the higher the VIX. Mor...Read More
Even renewable energy relies on certain decidedly non-renewable resources...Read full newsRead More
Canada's Barrick Gold TSX:ABX)(NYSE:GOLD), which completed its $5.4 billion merger with Africa-focused Randgold Resources at the start of the year, reported Wednesday a loss for its fourth quarter, due partly to issues at two mines in South America.The world's top gold producer by volume, which keeps its books in U.S. dollars, lost $1.2 billion, or $1.02 per share, for the quarter ended Dec. 31 co...Read More
Canada's Barrick Gold TSX:ABX)(NYSE:GOLD), which completed its $5.4 billion merger with Africa-focused Randgold Resources at the start of the year, reported Wednesday a loss for its fourth quarter, due partly to issues at two mines in South America.The world's top gold producer by volume, which keeps its books in U.S. dollars, lost $1.2 billion, or $1.02 per share, for the quarter ended Dec. 31 co...Read More
Canada's Barrick Gold TSX:ABX)(NYSE:GOLD), which completed its $5.4 billion merger with Africa-focused Randgold Resources at the start of the year, reported Wednesday a loss for its fourth quarter, due partly to issues at two mines in South America.The world's top gold producer by volume, which keeps its books in U.S. dollars, lost $1.2 billion, or $1.02 per share, for the quarter ended Dec. 31 co...Read More
* GRAPHIC-2019 asset returns: (Adds closing prices)By Zandi ShabalalaLONDON, Feb 13 (Reuters) - Copper rose from a two-week lowon Wednesday due to signs of an easing in tensions in theU.S.-China trade conflict, but a lack of a firm resolution kepta lid on the tepid gains.Three-month copper on the London Metal Exchange(LME) ended 0.3 percent higher at $6,125 per tonne, its firstrise in five session...Read More
Moscow-based Vist Group, a subsidiary of Helsinki-based Zyfra, announced this week that it launched a robotized towing truck project together with Nazarbayev University and Russian truck maker Kamaz.Using a previous experience robotizing the BelAZ 7513R truck and BelAZ 78250 front loader for open-pit mining, Vist said that it now wants to upgrade the five-wheel towing truck Kamaz Neo. The plan is...Read More
Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, posted Wednesday quarterly profits below estimates, due mainly to weak prices for heavy crude and base metals.The Vancouver-based miner, the world's second-biggest exporter of steel-making coal, recorded negative pricing adjustments, charges related to a write-down in inventory and an operating loss at its Fort Hi...Read More
Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, posted Wednesday quarterly profits below estimates, due mainly to weak prices for heavy crude and base metals.The Vancouver-based miner, the world's second-biggest exporter of steel-making coal, recorded negative pricing adjustments, charges related to a write-down in inventory and an operating loss at its Fort Hi...Read More
Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, posted Wednesday quarterly profits below estimates, due mainly to weak prices for heavy crude and base metals.The Vancouver-based miner, the world's second-biggest exporter of steel-making coal, recorded negative pricing adjustments, charges related to a write-down in inventory and an operating loss at its Fort Hi...Read More
* FTSE 100, 250 up 0.8 pct * DS Smith rises after rival Smurfit Kappa's results * Rolls-Royce higher after rating upgrade * Whitbread up after increasing buyback plans (Adds quote, updates to closing prices)By Muvija MFeb 13 (Reuters) - Britain's FTSE 100 climbed to its highestin over four months on Wednesday as miners gained and upbeatearnings lifted packaging firms DS Smith and Smurfit Kappa,whi...Read More
Gold has created a sideways channel on the 4-hour chart and an upside break would open the doors for a re-test of recent highs above $1,325. 4-hour chart A move above $1,315 would confirm channel breakout and validate gold's exit from the falling channel. Put simply, a move above $1,315 would signal a revival of the bullish move from the January low of $1,276. Trend: Bullish...Read More
Russia's Alrosa (MCX:ALRS), the world's top diamond producer by output in carats, has put together a collection of recently found large coloured diamonds, which includes a pink oval gem weighing 14.83 carats - the largest of its kind ever found in Russia.The diamond it was cut from a rough found in 2017 at the Ebelyakh deposit in Yakutia, rated by the American journal The National Jeweler as the...Read More
In the eyes of investors, lustrous futures await Goldcorp, Eldorado Gold, and Yamana Gold.Read full newsRead More
Published 23 Hours AgoUpdated6 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Gold prices rose on Wednesday on more signs the U.S. Federal Reserve will likely be patient on further interest rate rises, but rallying global equities kept the metal's gains in check.Spot gold was up 0.04 percent at $1,310...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) (the "Company" or "IsoEnergy"), is pleased to announce chemical assay results from intervals of strong uranium mineralization reported earlier (see news release dated January 28, 2019) from the Hurricane zone. The highlight is an intersection in drill hole LE19-02 of 3.5 metres averaging 10.4% U3O8 from 326.5-330.0 metres, that include...Read More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to report Q3 revenue of $1.87 million for the period of November 1st, 2018 to January 31st, 2019.The figure represents aggregate sales from Quadron's three subsidiaries: Soma Labs Scientific Inc., Greenmantle Products Ltd, and Cybernetic Control Systems Inc.Among Quadron's portfolio of extraction an...Read More