Shares in Caterpillar (NYSE: CAT), the world's no.1 heavy machinery maker, fell more than 7% in pre-market trading Tuesday, despite the company beating earnings estimates for the tenth time in a row.The stock lost as much as $9.76 by 8:48 a.m. EST, dropping to $118.95, after closing at $128.71 on Monday, the lowest so far this year. The drop followed the mining and construction equipment manufact...Read More
(Adds shares, details, background)STOCKHOLM, Oct 23 (Reuters) - Sweden's Sandvik said on Tuesday order intake had improved significantly andbroadly with stable activity also seen in an automotive industryhit by recent wobbles as it posted quarterly core earnings justahead of forecast.Worries over slowing global growth has hit the industrialstocks in recent months in the wake of weakening purchasin...Read More
ANKARA, Oct 23 (Reuters) - Turkey's ruling AK Party will notform an alliance with the nationalist party for the 2019 localelections, but cooperation between the two parties willcontinue, President Tayyip Erdogan said on Tuesday, after thenationalists pulled out of the alliance earlier.Erdogan's AK Party and the Nationalist Movement Party (MHP)formed an alliance ahead of June elections, but have si...Read More
* Gold hits highest since July 17 * Palladium hits record high * EU executive rejects Italian 2019 draft budget(Updates throughout, adds quotes, prices, details)By Swati VermaBENGALURU, Oct 23 (Reuters) - Gold jumped 1 percent to amore than three-month peak on Tuesday, with investors spurred onby a slide in global equities and rising political and economicuncertainty, including concerns over Italy...Read More
$200 million revolving line of credit is undrawn at quarter endCompany Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced certain preliminary results ? for the third quarter of 2018.HIGHLIGHTSSilver production of 2.5 million ounces, and gold production of 72,995 ounces.Silver equivalent production of 10.9 million ounces or gold...Read More
$200 million revolving line of credit is undrawn at quarter endCompany Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced certain preliminary results ? for the third quarter of 2018.HIGHLIGHTSSilver production of 2.5 million ounces, and gold production of 72,995 ounces.Silver equivalent production of 10.9 million ounces or gold...Read More
Anglo American's De Beers, the world's top diamond producer by value, saw rough diamond production decrease by 5% to 8.7-million carats in the quarter ended Sept. 30, mainly due to planned volume reductions in Botswana and South Africa.Output fell by 6% to 5.7 million carats in Botswana as a result of the planned processing of lower-grade material at the Jwaneng mine. Production at Orapa re...Read More
Gold is trapped in a narrow range of $1,220 to $1,230, as the bulls are likely having a breather, having pushed the metal to a 2.5-month high of $1,233 last week. Also, the consolidation is happening in the positive zone above the six-month-long falling trendline. It is worth noting that the trendline hurdle was breached last week. A break above $1,230 (upper edge of the range) would signal a rev...Read More
Canada's IAMGOLD Corp. (TSX IMG), (NYSE: IAG) plans to apply for a mining concession before year-end after releasing a robust feasibility study for its near-2 million ounce Boto gold exploration project in Senegal.President and CEO Steve Letwin said while a final investment decision on the $254-million project was yet to be made, Boto represented a "high-value" one, which would add to the company'...Read More
Canada's IAMGOLD Corp. (TSX IMG), (NYSE: IAG) plans to apply for a mining concession before year-end after releasing a robust feasibility study for its near-2 million ounce Boto gold exploration project in Senegal.President and CEO Steve Letwin said while a final investment decision on the $254-million project was yet to be made, Boto represented a "high-value" one, which would add to the company'...Read More
Christopher Lewis21 hours agoGold markets of course are highly influenced by the US dollar, so keep that in mind before placing any types of trades. At this point, I think that the market probably looks at the $1220 level as massive support. At this point, I believe the Gold markets are a bit extended for the short term, but I would be willing to take a small position at $1220 as it has been somew...Read More
London-listed explorer Greatland Gold (LON:GGP) has detected copper, silver, gold and pathfinder elements at its Scallywag target of the company's Paterson project in Western Australia.The sampling results, said Greatland on Tuesday, reinforce the potential of both precious metals and copper mineralization at the site, located within its Havieron licence.Copper, silver and gold detected in the fi...Read More
London-listed explorer Greatland Gold (LON:GGP) has detected copper, silver, gold and pathfinder elements at its Scallywag target of the company's Paterson project in Western Australia.The sampling results, said Greatland on Tuesday, reinforce the potential of both precious metals and copper mineralization at the site, located within its Havieron licence.Copper, silver and gold detected in the fi...Read More
London-listed explorer Greatland Gold (LON:GGP) has detected copper, silver, gold and pathfinder elements at its Scallywag target of the company's Paterson project in Western Australia.The sampling results, said Greatland on Tuesday, reinforce the potential of both precious metals and copper mineralization at the site, located within its Havieron licence.Copper, silver and gold detected in the fi...Read More
James Hyerczyk22 hours agoComex GoldGold futures are trading slightly higher early Tuesday after finishing lower on Monday due to a spike to the upside by the U.S. Dollar. Traders have been looking for clues as to the next major move after rallying to a multi-month high over a week ago. However, a mixed trade by U.S. Treasurys and U.S. equity futures has encouraged many gold traders to take a ...Read More
(Adds LNG imports data, background)BEIJING, Oct 23 (Reuters) - China's September diesel andgasoline exports fell sharply from August as robust domesticdemand curbed overseas shipments.Gasoline exports were 730,000 tonnes last month, the lowestsince the same month a year ago when shipments were 568,000tonnes, data from the General Administration of Customs showedon Tuesday.Diesel exports in Septemb...Read More
"In 35 years of observing charts, I'll share this deduction. Markets either repeat or do exact opposite. LEAST VELOCITY=same thing/repeat. GREATEST VELOCITY=EXACT OPPOSITE when the turn comes=MIRRORS (not exact)While there are NO ABSOLUTES - odds favor GDX heading to # 4 on chart"Read full newsRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce that it has signed a distribution agreement with Allcan Distributors ("Allcan") in preparation for the launch of the Uniden (R) UV350 in-vehicle 4G/LTE device in Canada.Allcan's distribution reach is a key component to Siyata's strategy as they distribute through channels for...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average traded lower Monday after closing last week with a gain of 0.4%.The S&P 500 also fell into negative territory. The S&P 500 has closed lower in 10 of the past 12 sessions.Hasbro Inc. (HAS) tumbled 3.1% after the toymaker posted third-quarter earnings and revenue that missed expectat...Read More
BASF and Nornickel have established a strategic partnership centered around battery materials for electric vehicles, including a feedstock supply deal and co-located facilities, the companies said.The European chemical company has selected Harjavalta, Finland, as the first location for battery materials production that will serve the European automotive market. The plant will be constructed adjace...Read More