Barrick Gold announces that it has made a proposal to the Newmont Mining to merge in an all-share transaction.Barrick CEO Mark Bristow says the merger would unlock more than $7 billion net present value of real synergies.The merger, if approved, would come after years of stagnant gold prices, with futures trapped between $1,000 and $1,400 per ounce over the last several years.Thomas Franck | Tom D...Read More
Short interest remains very high on PLSE stockNano-pulse technology expert Pulse Biosciences Inc (NASDAQ:PLSE) has seen its stock shoot higher in recent weeks, with the rally essentially starting at the end of January, when the shares were trading near $12. Today, PLSE stock is trading at 17.66, though this puts its 3.1% lower on the day, even after a positive analyst note. Specifically, H.C. Wain...Read More
OceanaGold (TSX: OGC; US-OTC: OCANF) has tabled a maiden resource at its WKP gold prospect, 10 km north of its Waihi gold mine in New Zealand.WKP's East Graben vein contains 410,000 indicated tonnes grading 18 grams gold and 22.7 grams silver for 234,000 oz. gold and 296,000 oz. silver. Its East Graben vein and T-Stream veins also contain 1.05 million inferred tonnes at 11.9 grams gold and 16.8 gr...Read More
OceanaGold (TSX: OGC; US-OTC: OCANF) has tabled a maiden resource at its WKP gold prospect, 10 km north of its Waihi gold mine in New Zealand.WKP's East Graben vein contains 410,000 indicated tonnes grading 18 grams gold and 22.7 grams silver for 234,000 oz. gold and 296,000 oz. silver. Its East Graben vein and T-Stream veins also contain 1.05 million inferred tonnes at 11.9 grams gold and 16.8 gr...Read More
OceanaGold (TSX: OGC; US-OTC: OCANF) has tabled a maiden resource at its WKP gold prospect, 10 km north of its Waihi gold mine in New Zealand.WKP's East Graben vein contains 410,000 indicated tonnes grading 18 grams gold and 22.7 grams silver for 234,000 oz. gold and 296,000 oz. silver. Its East Graben vein and T-Stream veins also contain 1.05 million inferred tonnes at 11.9 grams gold and 16.8 gr...Read More
The semiconductor concern was higher after President Trump announced a delay in tariff hikesThe shares of Micron Technology Inc (NASDAQ:MU) are up 2.2% at $43.51 in early trading, popping on news that President Donald Trump would push back the March 1 deadline for new tariffs on Chinese goods. The semiconductor concern, which relies on China for a large portion of its revenue, is now at its highes...Read More
The dollar weakened in response to progress on U.S.-China trade.This suggests that gold will benefit from an end to the trade war.Gold fund flows suggest plenty of healthy skepticism for gold.A commonly held belief among investors and analysts is that the gold price will suffer if the U.S.-China trade dispute is amicably resolved. This view is so widely circulated in commentaries on the gold price...Read More
* QR CEO says Mt Isa railway fixed as soon as end April* Repair estimate reduced from 6 months to 8-12 weeks* Line carries 5 pct of global zinc supply from mine to portAustralia's Queensland Rail said on Monday that it expects a railway hit by flooding this month, which disrupted zinc shipments from major producers such as Glencore, to be fixed as early as the end of April, sooner than it had expe...Read More
Hostile bids bring out the worst in people. On the other hand, they also foster tremendous creativity.Barrick CEO Mark Bristow followed up on the analyst call, calling Newmont's Goldcorp bid "desperate and bizarre." Knife, meet twist.Take Barrick Gold Corp.'s $17.8 billion unsolicited bid for Newmont Mining Corp., unveiled (or unleashed) Monday morning. Barrick led with its (publicized) letter to...Read More
MSFT has had a great year on the chartsThe shares of Microsoft Corporation (NASDAQ:MSFT) are moving higher in early trading, after the tech giant was added to Wedbush's "Best Ideas List," the brokerage citing a compelling risk/reward over the next 12-18 months. The analyst also said Microsoft's cloud opportunities could be a "major tailwind" for MSFT shares, and that Azure is "starting to close th...Read More
Freeport-McMoRan Inc Chief Executive Richard Adkerson said on Monday his company has been investing heavily to mitigate any danger from tailings dams and is "comfortable" with engineering designs in place at existing dams.Adkerson's comments come a month after a Brazilian tailings dam controlled by rival Vale collapsed, killing more than 300.Phoenix-based Freeport controls 19 active tailings dams...Read More
Freeport-McMoRan Inc Chief Executive Richard Adkerson said on Monday his company has been investing heavily to mitigate any danger from tailings dams and is "comfortable" with engineering designs in place at existing dams.Adkerson's comments come a month after a Brazilian tailings dam controlled by rival Vale collapsed, killing more than 300.Phoenix-based Freeport controls 19 active tailings dams...Read More
Freeport-McMoRan Inc Chief Executive Richard Adkerson said on Monday his company has been investing heavily to mitigate any danger from tailings dams and is "comfortable" with engineering designs in place at existing dams.Adkerson's comments come a month after a Brazilian tailings dam controlled by rival Vale collapsed, killing more than 300.Phoenix-based Freeport controls 19 active tailings dams...Read More
GE has added more than 50% since its early December bottomThe shares of General Electric Company (NYSE:GE) are soaring this morning, up 16.9% in electronic trading, after the industrial conglomerate sold its biopharmaceutical business to medical equipment maker Danaher (DHR) for $21.4 billion. GE's current CEO, Larry Culp, was the former head of Danaher. Should today's pre-market gains hold, it...Read More
Israeli mining tycoon Beny Steinmetz is making a dramatic return to Guinea after the billionaire ended a bitter dispute with the West African country that brought his business empire to its knees.The settlement, brokered by former French President Nicolas Sarkozy, ends a seven-year-old dispute centered around one of the world's richest mineral deposits that included a colorful list of characters f...Read More
HSBC raised its price target on China's NetflixHSBC raised its price target on iQIYI Inc (NASDAQ:IQ) stock to $25 from $20 overnight. Plus, CMB International said it was "bullish on iQiyi's subscription growth and margin improvement," and made note of the Beijing-based streaming name's "strong content pipeline, innovative ads, and manageable content cost with favorable licensing pricing trends."...Read More
Trump said he would postpone the March 1 deadlineDow Jones Industrial Average (DJI) futures are up over 100 points today, after President Donald Trump announced that he would be extending the March 1 deadline for tariff hikes on Chinese goods. The U.S. president tweeted that "substantial progress" in trade talks with China was made, and that he is planning a meeting with Chinese President Xi Jinpi...Read More
The volatility index is off to its worst year-to-date start on record in 2019The following is a reprint of the market commentary from the March 2019 edition of The Option Advisor, published on February 22. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.It was not quite a year ago in this space when we discussed a v...Read More
Bullish breadth is drawing headlines, but Goldman Sachs and Morgan Stanley sound downright bearish"...after an initial hesitation, the SPX pushed through the 2,758 level, which is 10% above its 2018 close... one should not be surprised to see a retreat below 2,758 in the absence of positive headlines this week ...The next obvious hurdle for the SPX is the round 2,800 area, which the index surrende...Read More
Mr. Darin Wagner reportsBALMORAL REPORTS 124.50 METRES GRADING 1.05 G/T GOLD FROM AFRIC GOLD DEPOSIT, NORTHSHORE JOINT VENTURE, ONTARIO Balmoral Resources Ltd. has received, from joint venture partner GTA Resources and Mining Inc., results from three drill holes completed on the Northshore property located near Schreiber, Ont., late in 2018. Two holes tested the Afric gold deposit beneath the prev...Read More