(Reuters) - Eli Lilly and Co (LLY.N) recorded higher sales of its newer drugs Trulicity and Taltz in the third quarter, helping the diabetes specialist top Wall Street profit estimates and raise its yearly earnings target on Tuesday.Shares of Lilly jumped 4 percent in premarket trading following the news.Lilly is relying on new drugs to drive growth after it took its animal health unit public in S...Read More
LONDON (Reuters) - Euro zone business growth slumped to a two-year low in October as growing trade tensions and tariffs, alongside rising political uncertainty, put a dent in exports and optimism, a survey showed on Tuesday.However, while survey and official figures on Tuesday showed the slowdown is relatively widespread, the clouds over the euro zone are not as dark as recently feared.Any positiv...Read More
TORONTO (Reuters) - If all goes according to plan, Barrick Gold (ABX.TO) will have fewer mines and workers one year after acquiring Africa-focused Randgold Resources (RRS.L), the Canadian miner’s executive chairman said on Monday, as its investors approved the deal.Votes were 99.8 percent in favor of the $6.1 billion, no-premium transaction, Barrick said, confirming a Reuters report. After R...Read More
Royalty and streaming company Franco-Nevada (NYSE, TSX: FNV) reportsthird-quarter adjusted net income of $54.6 million, or 29 cents a share, downfrom $55.3 million, or 30 cents, in the same period a year ago. Net income camein at $52.1 million, or 28 cents a share, compared to $60 million a year ago.Franco-Nevada reports sales of 120 million gold-equivalent ounces in the thirdquarter, down modestl...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
CHICAGO (Reuters) - Daniel Loeb’s Third Point LLC criticized Campbell Soup Co’s (CPB.N) board on Monday for allowing the grandchildren of the company’s former chairman to quietly build voting power through the soup maker’s share buybacks in recent decades.Third Point, which owns 7 percent of Campbell’s stock, has been campaigning to oust its entire board at a sharehol...Read More
"Barrick #Gold shareholders have backed the merger with Randgold, and there are also rumours a Nevada tie-up with Newmont is in play ($) | https://t.co/hIjXn01QNE $ABX $RRS"Read full newsRead More
ELKO, Nevada, November 6, 2018 /PRNewswire/ --- U.S. Gold Corp. will drill up to 16,000 feet (approx. 5,000m) in approximately 8 holes - This program will assess a number of previously inaccessible targets because of previous permitting limitations - Identification, qualification, and prioritization of these targets were determined by means of detailed surface geology, geochemistry, and geophysi...Read More
ELKO, Nevada, November 6, 2018 /PRNewswire/ --- U.S. Gold Corp. will drill up to 16,000 feet (approx. 5,000m) in approximately 8 holes - This program will assess a number of previously inaccessible targets because of previous permitting limitations - Identification, qualification, and prioritization of these targets were determined by means of detailed surface geology, geochemistry, and geophysi...Read More
Mr. Roger Rosmus of Goliath reportsGOLIATH REPORTS UP TO 110 GPT AU (3.21 OZ/T) AT 10% OWNED DSM GOLD STANDARD PROPERTYGoliath Resources Ltd. and Juggernaut Exploration Ltd. have released channel, chip and grab sample assay results of up to 110 grams per tonne gold (3.21 ounces per ton) from the Big Show zone vein system, measuring two kilometres by one km. It remains open in all directions contai...Read More
Mr. Roger Rosmus of Goliath reportsGOLIATH REPORTS UP TO 110 GPT AU (3.21 OZ/T) AT 10% OWNED DSM GOLD STANDARD PROPERTYGoliath Resources Ltd. and Juggernaut Exploration Ltd. have released channel, chip and grab sample assay results of up to 110 grams per tonne gold (3.21 ounces per ton) from the Big Show zone vein system, measuring two kilometres by one km. It remains open in all directions contai...Read More
Surge Exploration (TSX?EUR?V: SUR) announced today that it will acquire up to 100% of the Atacama Cobalto Exploration Property near Copiap??, northern Chile.Surge said that in order to complete the transaction, it will sign a formal agreement with Compa???-a Minera del Pac?-fico S.A. or CAP Mineria before the end of the month.The 1,059-hectares Atacama Cobalto Project is located in the Atacama Pro...Read More
Surge Exploration (TSX?EUR?V: SUR) announced today that it will acquire up to 100% of the Atacama Cobalto Exploration Property near Copiap??, northern Chile.Surge said that in order to complete the transaction, it will sign a formal agreement with Compa???-a Minera del Pac?-fico S.A. or CAP Mineria before the end of the month.The 1,059-hectares Atacama Cobalto Project is located in the Atacama Pro...Read More
Canada's Diamcor Mining (TSX-V.DMI), announced today that following its previous release on the initial tender of 2,606.50 carats of rough diamonds recovered from resumed processing exercises at the company's Krone-Endora at Venetia Project in South Africa, it delivered an additional 5,335.83 carats of rough diamonds before the end of October. The tender for the rocks will be completed in November...Read More
Canada's Diamcor Mining (TSX-V.DMI), announced today that following its previous release on the initial tender of 2,606.50 carats of rough diamonds recovered from resumed processing exercises at the company's Krone-Endora at Venetia Project in South Africa, it delivered an additional 5,335.83 carats of rough diamonds before the end of October. The tender for the rocks will be completed in November...Read More
By SaadSayeedISLAMABAD, Nov 6 (Reuters) - Pakistan begins nearly twoweeks of talks with the International Monetary Fund on Wednesdayover what would be the South Asian country's 13th IMF bailoutsince the 1980s to help it end a spiralling current accountcrisis. Finance Minister Asad Umer says $12 billion is requiredimmediately, a large chunk of which is expected to be drawn fromthe IMF."The ini...Read More
By Ernest ScheyderNov 6 (Reuters) - A years-long fight over the future of theworld's second largest silver mine between Tahoe Resources Inc and opponents of the project shows no signs of abating,creating uncertainty for the U.S. miner and its investors.With environmental and indigenous opponents of Tahoe'sEscobal mine vowing it will never again produce silver, thetension is top of mind for Wall St...Read More
Glencore's subsidiary in the Democratic Republic of Congo, Katanga Mining (TSX:KAT), will temporarily halt cobalt exports from its Kamoto Project after finding high levels of uranium in the ore.The copper and cobalt producer said levels of the radioactive metal exceeded the acceptable limit allowed for export through major African ports.The suspension is expected to defer Katanga's revenue from co...Read More
Mr. Antonio Berlanga reportsTRAFIGURA COMMITS 2ND LOAN TRANCHE US$5 MILLION TO TELSON'S TAHUEHUETO MINE CONSTRUCTIONTelson Mining Corp. has received $5-million (U.S.) for the second tranche of the loan agreement with Trafigura Mexico SA de CV, advanced under the loan facility and offtake agreement originally announced by the company on Dec. 18, 2017, for the rehabilitation, construction, operation...Read More
Mr. Antonio Berlanga reportsTRAFIGURA COMMITS 2ND LOAN TRANCHE US$5 MILLION TO TELSON'S TAHUEHUETO MINE CONSTRUCTIONTelson Mining Corp. has received $5-million (U.S.) for the second tranche of the loan agreement with Trafigura Mexico SA de CV, advanced under the loan facility and offtake agreement originally announced by the company on Dec. 18, 2017, for the rehabilitation, construction, operation...Read More