"BTU Update on Dixie Halo Project, Contiguous to Great Bear's Dixie Project, Red Lake District, Canada @BTUMetalsCorp https://t.co/mkUwbOCOiT"Read full newsRead More
"Pancon to Acquire New Ni-Co-Cu Project near Timmins, Consolidating Its Dominant Position in Emerging Montcalm Battery & Energy Metals District @PanconResources https://t.co/2QWeb0zwKc"Read full newsRead More
"Fremont Gold Announces Drill Programs at Gold Bar and Gold Canyon Projects in Nevada @Fremont_Gold https://t.co/xrgVwyGkXC"Read full newsRead More
The trajectory has been mostly down for mining stocks since gold topped out at US$1,900 an ounce in 2011. The bear market has been even grimmer for exploration companies, which are now competing with marijuana and blockchain plays for risk capital. The long downward slide is reflected in the underperformance of the TSX Venture Exchange, which has plummeted from 2,400 in February 2011 to about 600...Read More
The S&P and Nasdaq are both headed for their fourth day in the blackThe Dow Jones Industrial Average (DJI) is set to finish the week strong, up 245 points at midday, as Wall Street celebrates positive progress in trade talks between the U.S. and China. Specifically, China has reportedly offered the U.S. a six-year increase in imports to $1 trillion per year, according to Bloomberg. Elsewhere, trad...Read More
This doesn't bode well for iPhone sales.Read full newsRead More
How you can transform lagging indicators into leading indicators.With the market action of the last few weeks, some traders may feel like they're working blind -- after all, who knows what the Dow will do next? With bulls and bears butting heads in their predictions, many investors are looking for a way to try and predict what's to come, to avoid losing any of their capital to sudden corrections a...Read More
The precious metal remains on the defensive near $1,283/oz. The better tone around the greenback keeps weighing on Gold. US Industrial Production, U-Mich index next of relevance. The ounce troy of the yellow metal is extending the weekly downside and is now navigating new multi-day lows in the $1,283 area. Gold looks to data, USD The recent better tone in the greenback coupled with the important...Read More
Options volume is pacing for an annual high on both stocksThe shares of Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) and Immunomedics, Inc. (NASDAQ:IMMU) are getting walloped this morning, as traders react to Food and Drug Administration (FDA) news. Specifically, LXRX is plunging after an FDA advisory panel was split (8-8) on whether to recommend approval of Lexicon's sotagliflozin, a type 1 diabet...Read More
Glencore Plc tightened its grip on Katanga Mining Ltd. by appointing new executives and entering a management services contract to run its troubled Congo copper and cobalt unit.The head of the commodity trader's African copper business, Danny Callow, has been made chief executive officer of Katanga, while Glencore's head of strategy Paul Smith was appointed chief financial officer of the unit.Key...Read More
FITB will report earnings bright and early Tuesday morningFifth Third Bancorp (NASDAQ:FITB) will report fourth-quarter earnings ahead of the stock market open next Tuesday, Jan. 22. FITB stock has a history of positive earnings reactions -- closing higher the next day in six of the past eight quarters, with an average gain of 1.8% -- but warning signs are flashing ahead of the Cincinnati-based ban...Read More
* Mali's industrial production of gold rose 23 percent last year to 60.8 tonnes, Mines Ministry spokesman Boubacar Sissoko said on Friday.* In March, the mines ministry said output would rise in 2018 primarily due to the start of production at B2Gold's Fekola and Hummingbird Resources' Komana mines.* Mamadou Sidibe, deputy director of the government's Cell for Planning and Statistics, said output...Read More
Convicted - Patrick Rosko, President and Director of Marfred Minerals Ltd.Location - Kirkland Lake, Ontario Description of Offence - Mine production without a filed certified Closure Plan. Date of Offence - On or about July 15, 2015 Date of Conviction - Justice of the Peace Jean-Marie Blier accepted Patrick Rosko's guilty plea and fined him on November 13, 2018, in the Ontario Court of Justice in...Read More
Jiangxi Copper Co, one of China's top copper producers, on Friday named provincial government official Zheng Gaoqing as its new general manager.The appointment, confirmed at a board meeting during the day, marks the end of a six-month void in Jiangxi Copper's management team following the departure of company veteran Wu Yuneng in July last year.Zheng, in his early 50s, joins Jiangxi Copper from th...Read More
Jiangxi Copper Co, one of China's top copper producers, on Friday named provincial government official Zheng Gaoqing as its new general manager.The appointment, confirmed at a board meeting during the day, marks the end of a six-month void in Jiangxi Copper's management team following the departure of company veteran Wu Yuneng in July last year.Zheng, in his early 50s, joins Jiangxi Copper from th...Read More
Burkina Faso's thriving gold mining sector has been rattled by a new wave of Islamist violence and sporadic outbreaks of interethnic conflict.The industry has been booming in recent years - with Burkina Faso expecting to announce that 2018 was its most successful year for gold production - but could the latest outbreak of Islamic militancy prove an insurmountable challenge for the country's resili...Read More
Burkina Faso's thriving gold mining sector has been rattled by a new wave of Islamist violence and sporadic outbreaks of interethnic conflict.The industry has been booming in recent years - with Burkina Faso expecting to announce that 2018 was its most successful year for gold production - but could the latest outbreak of Islamic militancy prove an insurmountable challenge for the country's resili...Read More
Getty ImagesOil production may slow in coming months due to low crude oil prices. The numbers: Industrial production rose 0.3% in December, the Federal Reserve reported Friday. The gain was in line with Wall Street expectations. This follows a 0.4% gain in November, revised down from the prior reading of a 0.6% increase. For the fourth quarter as a whole, production moved up at a 3.8% annual rate...Read More
Shares of IPG and EEX are in the red after bear notesCombing through this morning's analyst updates across Wall Street, we came across bearish notes on advertising firm Interpublic Group of Companies Inc (NYSE:IPG) and trade show specialist Emerald Expositions Events Inc (NYSE:EEX). Below, we'll take a closer look at the shares of IPG and EEX. IPG stock was cut to "sector perform" from "outperform...Read More
The company expects fourth-quarter profit to be lower than the third quarterThe shares of Tesla Inc (NASDAQ:TSLA) are down 7.5% at $321.27 in early market trading, after the company announced that it would be cutting the number of full-time employees by 7% in order to reduce costs. The auto concern also said it expects fourth-quarter profit to come in lower than the previous quarter. This is the s...Read More