UAL will present at a Credit Suisse conference this weekThe shares of United Continental (NYSE:UAL) have continued to push higher, up almost 59% year-over-year and notching an all-time closing high on Friday. Prior to this, a pullback was neatly contained near the site of UAL's September high and the 20-day moving average. The outperforming airline name looks poised to keep rolling, especially wit...Read More
LONDON - Nigeria has awarded a mining contract to ten exploration and consulting companies as part of the country's efforts to develop the sector, the mining and steel development minister said on Tuesday.Abubakar Bawa Bwari did not say how much the contracts were worth but in July he had said eight firms would be awarded a government contract to the tune of 12.7 billion naira ($41.5 million).Nige...Read More
LONDON - Nigeria has awarded a mining contract to ten exploration and consulting companies as part of the country's efforts to develop the sector, the mining and steel development minister said on Tuesday.Abubakar Bawa Bwari did not say how much the contracts were worth but in July he had said eight firms would be awarded a government contract to the tune of 12.7 billion naira ($41.5 million).Nige...Read More
Spirit Airlines shares touched a new annual highSpirit Airlines Incorporated (NYSE: SAVE) stock is up in almost 21% to trade at $61.58 this morning -- and earlier notched a new three-year high of $62.01 -- after the company upped its fourth-quarter unit revenue guidance, based on an increase in non-ticket revenue such as luggage and seating, as well as a higher load factor. As such, a pair of anal...Read More
Gold prices headed lower for a third straight session Tuesday, with a key dollar benchmark strengthening on the back of weakness in the euro and British pound, as traders eyed news tied to the U.K.'s exit from the European Union. U.S. stock indexes were mixed, offering little support to the haven metal even as remarks from President Donald Trump stoked fresh anxieties about the prospects of a nea...Read More
Anglo American (LON:AAL) has increased its copper production guidance from its Chilean operations this year to 660,000 tonnes, up from a range of 630,000 to 660,000 tonnes previously anticipated, based on planned expansions at its Los Bronces and Collahuasi mines.The world's number four diversified miner has also set new targets for the next three years. It now expects to generate between 630,000...Read More
Anglo American (LON:AAL) has increased its copper production guidance from its Chilean operations this year to 660,000 tonnes, up from a range of 630,000 to 660,000 tonnes previously anticipated, based on planned expansions at its Los Bronces and Collahuasi mines.The world's number four diversified miner has also set new targets for the next three years. It now expects to generate between 630,000...Read More
Anglo American (LON:AAL) has increased its copper production guidance from its Chilean operations this year to 660,000 tonnes, up from a range of 630,000 to 660,000 tonnes previously anticipated, based on planned expansions at its Los Bronces and Collahuasi mines.The world's number four diversified miner has also set new targets for the next three years. It now expects to generate between 630,000...Read More
Mr. Murray Payne reportsDYNACERT ANNOUNCES OFFERING AMENDMENT, PROPOSED OVERSUBSCRIBED SECOND TRANCHE CLOSING AND WARRANT AMENDMENTSDynaCERT Inc. has received subscriptions for an aggregate of $2,454,480 in respect of the proposed closing of the second tranche of its financing previously announced of up to $3-million of units (see press releases of Sept. 18, 2018, Sept. 20, 2018, and Sept. 25, 201...Read More
Mr. Murray Payne reportsDYNACERT ANNOUNCES OFFERING AMENDMENT, PROPOSED OVERSUBSCRIBED SECOND TRANCHE CLOSING AND WARRANT AMENDMENTSDynaCERT Inc. has received subscriptions for an aggregate of $2,454,480 in respect of the proposed closing of the second tranche of its financing previously announced of up to $3-million of units (see press releases of Sept. 18, 2018, Sept. 20, 2018, and Sept. 25, 201...Read More
Gold The previously discovered descending channel pattern has been fully confirmed. Gold price has declined after encountering the patterns resistance line and declined down to the 1,220.00 level. The commodity price has reached the support of the 50.00% Fibonacci retracement level at 1,220.00. It is expected that the metal will eventually pass the support of the Fibo, as it is expected to...Read More
Societe Miniere de Boke, which mines aluminum raw material bauxite in Guinea, signed agreements with the West African nation to spend $3 billion on a railway, an alumina refinery and the development of new mining areas.The 135-kilometer (84-mile) railway, which will link mining operations to a river terminal, will cost an estimated $1.2 billion and is expected to start operations in 2022, the grou...Read More
The two stocks are now staring at year-to-date lossesThis morning, two names in the healthcare sector are lower after receiving some bearish analyst attention. For starters, athenahealth, Inc (NASDAQ:ATHN) is down 0.3% to trade at $132.25, after Wells Fargo downgraded the IT services specialist to "market perform" from "outperform," while slashing its price target to $135 from $185. -- the per-sh...Read More
Both retailers reported quarterly profit and revenue missesWhile Amazon (AMZN) unveiled record Cyber Monday sales, Buckle Inc (NYSE:BKE) reported third-quarter earnings of 42 cents per share on $215.1 million in revenue -- lower than analysts were expecting. What's more, the retailer confirmed same-store sales for the three-month period plunged 1.4%. BKE stock has dropped 8.2% to trade at $19.17,...Read More
JOHANNESBURG - South Africa's Gold Fields is not acting in good faith in talks with the government over planned job cuts, mining minister Gwede Mantashe said on Monday, a setback for negotiations aimed at ending a weeks-long strike.Most workers at Gold Fields' struggling South Deep mine have been on strike since Nov. 2 over the company's plans to cut around 1,100 jobs, or 30 percent of its workfor...Read More
JOHANNESBURG - South Africa's Gold Fields is not acting in good faith in talks with the government over planned job cuts, mining minister Gwede Mantashe said on Monday, a setback for negotiations aimed at ending a weeks-long strike.Most workers at Gold Fields' struggling South Deep mine have been on strike since Nov. 2 over the company's plans to cut around 1,100 jobs, or 30 percent of its workfor...Read More
LONDON - La Mancha Group plans to buy more underground gold mines in Africa and is ready to snap up mines that Barrick Gold and Randgold Resources will sell after their merger, its billionaire chairman Naguib Sawiris said on Tuesday."The Barrick disposals might be in geographies where we are very strong and that makes sense for us," Sawiris told reporters on the sidelines of the Mines and Money co...Read More
LONDON - La Mancha Group plans to buy more underground gold mines in Africa and is ready to snap up mines that Barrick Gold and Randgold Resources will sell after their merger, its billionaire chairman Naguib Sawiris said on Tuesday."The Barrick disposals might be in geographies where we are very strong and that makes sense for us," Sawiris told reporters on the sidelines of the Mines and Money co...Read More
Financial technology company Tradewind Markets has made its VaultChain metals-trading blockchain platform available for silver producers, building on the company's work with gold mining companies that began earlier this year.One of the first clients of the new service, Tradewind says, is Japan's Sumitomo Corporation Global (SCMI US Inc), but the company is confident there will be more miners using...Read More
Trump said it's "highly unlikely" the U.S. will delay tariff increasesStock futures appear poised to pull back from yesterday's strong rebound, as fresh trade tensions between the U.S. and China surface ahead of Friday's G-20 summit, where leaders of the countries are expected to meet. President Donald Trump told the Wall Street Journal it was "highly unlikely" the U.S. would delay its tariff incr...Read More