Constantine Metal Resources (TSXV: CEM; US-OTC: CNSNF) has boosted the overall tonnage at its Palmer polymetallic project in southeast Alaska by 43% with a maiden resource for the project's AG zone.The AG zone, located 3 km from the main Palmer deposit, contains 4.25 million inferred tonnes grading 4.64% zinc, 0.12% copper, 0.96% lead, 119.5 grams silver, 0.53 gram gold and 34% barite, or 9.04% zi...Read More
Constantine Metal Resources (TSXV: CEM; US-OTC: CNSNF) has boosted the overall tonnage at its Palmer polymetallic project in southeast Alaska by 43% with a maiden resource for the project's AG zone.The AG zone, located 3 km from the main Palmer deposit, contains 4.25 million inferred tonnes grading 4.64% zinc, 0.12% copper, 0.96% lead, 119.5 grams silver, 0.53 gram gold and 34% barite, or 9.04% zi...Read More
The Glencore-controlled mining company Katanga Mining has today agreed to pay USD $22 million to settle allegations by Canadian regulators that it had failed to comply with disclosure requirements, including that it had not properly described risks of doing business with a controversial middleman in Democratic Republic of Congo (DRC). Several of Katanga's current and former directors and executive...Read More
The Glencore-controlled mining company Katanga Mining has today agreed to pay USD $22 million to settle allegations by Canadian regulators that it had failed to comply with disclosure requirements, including that it had not properly described risks of doing business with a controversial middleman in Democratic Republic of Congo (DRC). Several of Katanga's current and former directors and executive...Read More
The chance of recession in the next 12 months rose to 23 percent in the CNBC Fed Survey.Twelve percent of respondents think the Fed, after hiking in December, would next move to reduce the Fed Funds rate and do so by October.Fifty-two percent said they now approve of the president's handling of the economy, down 14 points from the prior survey in which his approval had hit an all-time high.The CNB...Read More
The shares could be poised to break out of recent congestion below $245The shares of medical analytics issue Thermo Fisher Scientific Inc. (NYSE:TMO) have taken a breather since touching a record high of $253.90 in early December. However, the equity could be ready to launch its next leg higher, with TMO shares flashing a historical buy signal.Specifically, Thermo Fisher stock is now within one s...Read More
JNJ and BA are two stocks to watch todayThe Dow Jones Industrial Average (DJI) is bouncing back today, trading well into triple-digit territory. Traders are anticipating tomorrow's Fed decision, while also monitoring a sharp decline in oil prices. At last check, January-dated crude futures were down 5.2% at $47.31 per barrel amid reports of rising crude production in both the U.S. and Russia. Amon...Read More
LAGOS - Nigeria's first gold refinery is expected to more than triple its capacity within five years after operations begin next June, an executive at the company developing it said on Tuesday.Nere Teriba, vice chairman of local firm Kian Smith Trade & Co, said the refinery would initially be able to produce three tonnes per month of gold and one tonne of silver, rising to 10 tonnes a month of gol...Read More
LAGOS - Nigeria's first gold refinery is expected to more than triple its capacity within five years after operations begin next June, an executive at the company developing it said on Tuesday.Nere Teriba, vice chairman of local firm Kian Smith Trade & Co, said the refinery would initially be able to produce three tonnes per month of gold and one tonne of silver, rising to 10 tonnes a month of gol...Read More
The shares are headed for their best day everThe shares of Marin Software Inc (NASDAQ:MRIN) are up 47.3% to trade at $3.73, after the California-based online advertising company announced a three-year revenue share agreement with Alphabet's (GOOGL) Google. Under the terms of the deal, Google will pay Marin Software based on the revenue generated on its platform from clients using the Google Search...Read More
Global equity markets are getting beaten up, but gold miners have been spared as haven demand swells and bullion's outlook brightens.Newcrest Mining Ltd., Australia's top producer, rallied as much as 2.3 percent on Tuesday, while South Africa's Harmony Gold Mining Co. Ltd. was the biggest mover, rising 3.8 percent. Canada's Barrick Gold Corp. - which is taking over rival Randgold Resources Ltd. -...Read More
Global equity markets are getting beaten up, but gold miners have been spared as haven demand swells and bullion's outlook brightens.Newcrest Mining Ltd., Australia's top producer, rallied as much as 2.3 percent on Tuesday, while South Africa's Harmony Gold Mining Co. Ltd. was the biggest mover, rising 3.8 percent. Canada's Barrick Gold Corp. - which is taking over rival Randgold Resources Ltd. -...Read More
John Thornton is a Goldman Sachs alumnus educated at Yale, Harvard and Oxford. Mark Bristow is a South African geologist and big-game hunter.Together, this corporate odd couple has a plan to turn around the lagging fortunes of the world's largest gold-mining company, whose shares are down 67 percent from their high in 2010. Thornton, executive chairman of Barrick Gold Corp., set the partnership in...Read More
John Thornton is a Goldman Sachs alumnus educated at Yale, Harvard and Oxford. Mark Bristow is a South African geologist and big-game hunter.Together, this corporate odd couple has a plan to turn around the lagging fortunes of the world's largest gold-mining company, whose shares are down 67 percent from their high in 2010. Thornton, executive chairman of Barrick Gold Corp., set the partnership in...Read More
The company announced successful trial results for its breast cancer drugShares of Puma Biotechnology Inc (NASDAQ:PBYI) are up 6.9% at $22.90, after the company announced successful results of the Phase III NALA trial for its experimental breast cancer drug, neratinib. Analysts are waxing optimistic on PBYI shares, with Cantor Fitzgerald upping its price target to $55 from $50 -- more than double...Read More
Glencore Plc's billionaire head of copper trading, Aristotelis Mistakidis, was among executives fined and banned from being a director by Canada after admitting that its Congolese copper and cobalt unit misstated how much metal it mined.Mistakidis, who is retiring from Glencore at the end of this year, was hit with a C$2.45 million ($1.8 million) fine and a four-year director ban in Ontario at a p...Read More
Glencore Plc's billionaire head of copper trading, Aristotelis Mistakidis, was among executives fined and banned from being a director by Canada after admitting that its Congolese copper and cobalt unit misstated how much metal it mined.Mistakidis, who is retiring from Glencore at the end of this year, was hit with a C$2.45 million ($1.8 million) fine and a four-year director ban in Ontario at a p...Read More
Short sellers have been ramping up their exposure to the stockEnergy stock EOG Resources Inc (NYSE:EOG) has struggled since its mid-October highs near $133.50, down more than 25%. A negative earnings reaction in early November only exacerbated headwinds for the shares, with the Nov. 1 pre-earnings close creating a stiff ceiling in recent weeks. What's more, a recent rejection at the 40-day moving...Read More
Germany-based fertilizer producer K+S AG (FRA:SDF1) revised up its production outlook on Tuesday, as weather-related production stoppages at its Werra potash plant are expected to be shorter than previously thought.Production at the plant will now only be halted from December 24 to 26, K+S said, as recent rainfall raised water levels of the Werra river, used for minerals production and transpo...Read More
Germany-based fertilizer producer K+S AG (FRA:SDF1) revised up its production outlook on Tuesday, as weather-related production stoppages at its Werra potash plant are expected to be shorter than previously thought.Production at the plant will now only be halted from December 24 to 26, K+S said, as recent rainfall raised water levels of the Werra river, used for minerals production and transpo...Read More