STOCKHOLM (Reuters) - North Korea’s foreign minister will visit Sweden on Thursday, the Swedish Foreign Ministry said, prompting speculation that the two-day trip could lay the groundwork for a mooted meeting between the leaders of the United States and North Korea.North Korean Foreign Minister Ri Yong Ho was due to discuss with his Swedish counterpart Margot Wallstrom the security situation...Read More
(Kitco News) - Gold prices have modestly extended overnight losses in late-morningtrading Thursday. The U.S. dollar index is trading near its session high, to continue its keen daily influence--in aninverse fashion--over the gold market. A lack of geopolitical tensions in themarketplace the past few weeks has also worked against the safe-haven metal.Aprilgold was last down $7.50 at $1,318.20. By...Read More
Big miners operating in the Democratic Republic of Congo took President Joseph Kabila's word seriously.Less than a week ago, Kabila signed into law a new mining code that raises royalties and taxes on operators. As he did so, the President assured them that their questions around the legal instrument would be resolved through transitional arrangements, mining regulations and agreements, and guaran...Read More
Big miners operating in the Democratic Republic of Congo took President Joseph Kabila's word seriously.Less than a week ago, Kabila signed into law a new mining code that raises royalties and taxes on operators. As he did so, the President assured them that their questions around the legal instrument would be resolved through transitional arrangements, mining regulations and agreements, and guaran...Read More
(Reuters) - Toys ‘R’ Us Inc, the iconic toy retailer, will shutter or sell its stores in the United States after failing to find a buyer or reach a deal to restructure billions in debt, putting at risk about 30,000 jobs.The closure is a blow to hundreds of toy makers that sell their products at the chain’s U.S. stores, including Barbie maker Mattel Inc, board game company Hasbro...Read More
Oil inches up after earlier losses, buoyed by stocks rise Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is no...Read More
The NDX is signaling a negative open, thoughU.S. stock futures are trading mixed this morning. Trade war fears are likely to stay front and center on Wall Street, with Larry Kudlow -- the White House chief economic adviser appointee -- saying "China needs a comeuppance on trade." It's also setting up to be another big day for economic data, as traders this morning already respond to a modest drop...Read More
(Reuters) - U.S. stock index futures pointed to a flat opening for Wall Street on Thursday as fears that President Donald Trump’s decision to impose fresh tariffs on China may escalate into a trade war weighed on the markets.Dow e-minis 1YMc1 were up only 21 points, or 0.08 percent. S&P 500 e-minis ESc1 were down 1 points while Nasdaq 100 e-minis NQc1 fell 4.5 points.The main Wall Street...Read More
Mr. Peeyush Varshney reportsCANADA ZINC METALS ENGAGES JDS FOR PRELIMINARY ECONOMIC ASSESSMENT FOR AKIE PROJECT Canada Zinc Metals Corp.has formally engaged JDS Energy & Mining Inc. of Vancouver, B.C., to conduct a preliminary economic assessment (PEA) of its 100-per-cent-owned zinc-lead-silver Cardiac Creek deposit located on the Akie property in northeastern British Columbia. JDS is widely r...Read More
Mr. Peeyush Varshney reportsCANADA ZINC METALS ENGAGES JDS FOR PRELIMINARY ECONOMIC ASSESSMENT FOR AKIE PROJECT Canada Zinc Metals Corp.has formally engaged JDS Energy & Mining Inc. of Vancouver, B.C., to conduct a preliminary economic assessment (PEA) of its 100-per-cent-owned zinc-lead-silver Cardiac Creek deposit located on the Akie property in northeastern British Columbia. JDS is widely r...Read More
B2Gold Corp.(TSX: BTO; NYSE AMERICAN: BTG; NSX: B2G) reports a higher profit in the fourthquarter even when excluding the revenue from the new Fekola mine, for whichconstruction was completed in September. The company recorded net income of$34.5 million, or 3 cents per share, up from $8.1 million, or a penny, in theyear-ago period. Adjusted net income rose to $5.7 million, or a penny, from$2.5 mil...Read More
WASHINGTON/OSLO (Reuters) - U.S. President Donald Trump has bashed international efforts to combat climate change and questioned the scientific consensus that global warming is dangerous and driven by human consumption of fossil fuels.But there is a disconnect between what Trump says at home and what his government does abroad. While attention has been focused on Trump’s rhetoric, State Depa...Read More
Mr. John Burzynski reportsOSISKO RELEASES RESOURCE ESTIMATE FOR OSBORNE-BELLOsisko Mining Inc. has provided a mineral resource estimate for its 100-per-cent-owned Osborne-Bell gold deposit, located 15 kilometres northwest of the town of Lebel-sur-Quevillon, Que. This estimate is the result of 927 drill holes (279,925 metres) completed by previous operators on the project since 1994, including 50 t...Read More
Mr. John Burzynski reportsOSISKO RELEASES RESOURCE ESTIMATE FOR OSBORNE-BELLOsisko Mining Inc. has provided a mineral resource estimate for its 100-per-cent-owned Osborne-Bell gold deposit, located 15 kilometres northwest of the town of Lebel-sur-Quevillon, Que. This estimate is the result of 927 drill holes (279,925 metres) completed by previous operators on the project since 1994, including 50 t...Read More
NEW YORK (Reuters) - A long rally in technology stocks has left investors thirsting for more, but that could be a mistake as the strengthening U.S. economy points to better value in other stocks.Heavyweights like Apple (AAPL.O), Alphabet (GOOGL.O) and Facebook (FB.O) have especially helped growth indexes in the past year rise more than value indexes, which right now are heavily weighted in financi...Read More
(Kitco News)-Gold pricesremain under pressure as regional manufacturing data showed mixed growth inMarch, according to two regional Federal Reserve banks. The NewYork Federal Reserve said that their manufacturing sectors saw strong growththis month. But at the same time, the PhiladelphiaFederal Reserve reported slightly weaker than expected growth in the sector. “Firmsremained optimistic a...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News)- InitialU.S. jobless claims fell by 4,000 to a seasonally adjusted 226,000 in theweek to Saturday, the Labor Department said Thursday.Consensusforecasts compiled by various news organizations called for initial claims tobe around 228,000 to 229,000. The government revised the prior week's tally to 230,000claims f...Read More
'Good Side' of U.S. Eco Data Is Strong, Says BofA's MeyerU.S. filings for unemployment benefits fell for the third time in four weeks and remain near the lowest level in 48 years, underscoring tightness in the job market, Labor Department figures showed Thursday.Highlights of Jobless Claims (Week Ended March 10)Jobless claims decreased by 4k to 226k (est. 228k)Continuing claims rose by 4k to 1.879...Read More
Capital and Regional's (LON:CAL) Lawrence Hutchings tells Proactive that the 'case for community shopping centres has never been stronger'.He says the company is trying to fit into the more localised shopping offerings as opposed to the large complexes such as Westfield.He adds that the company is working on evolving the classification of UK shopping centres into more nuanced categories to better...Read More
(Kitco News)- Gold continues to wobble around in a tight range, with supportaround the $1,322 level and resistance overhead at $1,328. The tariff scare hasbeen watered down considerably with the Trump administration grantingexemptions to a number of countries. Traders are eyeing any response from China, where President Trump continues to focus on thelarge trade deficit between the U.S. and the wor...Read More