Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") is pleased to announce is pleased to announce that the Company has increased its line of credit ("LOC") with First Community Bank of Arkansas, USA from $2M USD to $5M USD. The Company plans to draw down on these funds, when necessary for growth and working capital requirements. No draws have been made to date.Zig...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Ontario is helping Smooth Rock Falls open a new grocery store, after the community's only grocery store was destroyed by a fire in 2015. Through the Northern Ontario Heritage Fund Corporation (NOHFC), the province partnered with the Town of Smooth Rock Falls to purchase and renovate a building on Highway 11 in the community for use as a grocery store. This renovation project includes upgrades to...Read More
(Bloomberg View) - Although it's small and mostly poor, Guatemala sits on a heap of treasure. Last year, it ranked as the world's 15th-largest producer of silver, a nest egg that could yield economic growth and taxes and royalties, helping to hoist millions from misery.So why is the Escobal silver mine, one of the world's largest, idle? In 2014, when the Canadian-owned Tahoe Resources Inc. starte...Read More
Wall Street is cheering Salesforce.com, Inc.'s (NYSE:CRM) fourth-quarter results this morning, as the stock rallies to record highs. The cloud services provider posted quarterly profit and revenue that topped expectations, and its current-quarter top- and bottom-line forecasts were also better than expected. According to Thomson Reuters, this is the eighth straight quarter the tech company's beat...Read More
Shares of Novavax, Inc. (NASDAQ:NVAX) have jumped 16.1% to trade at $2.51 -- fresh off an annual high of $2.75 -- after the drugmaker reported positive early stage study results for its flu vaccine, NanoFlu, in patients 60 years or older. NVAX stock has now nearly doubled in value on a year-to-date basis, putting the pressure on stubborn analysts to upwardly revise their ratings.In fact, of the ei...Read More
Rates for home loans churned higher as investors braced for more interest rate increases and inflation quickened. The benchmark 30-year fixed-rate mortgage averaged 4.43% during the week ending March 1, according to Freddie Mac's weekly survey, out Thursday. That was up three basis points from the prior week and leaves rates nearly half-a-percentage point higher than the level at which they starte...Read More
Retail earnings have been in the spotlight this week, with Macy's (M) and Best Buy (BBY) among the companies scoring earnings wins. Today, we will look at Gap Inc (NYSE:GPS) and Nordstrom, Inc. (NYSE:JWN) stocks ahead of the retailers' earnings reports tonight, and how options traders are expecting much bigger-than-usual reactions this quarter. Gap Surrounded By Pre-Earnings SkepticismGap stock t...Read More
FAANG stocks have been making headlines this week, and today, all eyes are on streaming service Netflix, Inc. (NASDAQ:NFLX), which announced a partnership with U.K.-based pay-TV concern, Sky. As part of the deal, Sky -- which is the center of a fierce buyout battle between two media giants --will add NFLX to its subscription bundle for Sky European users. On the charts, NFLX has had a great year...Read More
Walmart Inc (NYSE:WMT) stock is trading lower after the retailer announced it will stop selling firearms and ammunition to persons under the age of 21. This comes just one day after a similar move from Dick's Sporting Goods (DKS), which ended the sale of its assault-style rifles and high-capacity magazines. WMT shares were last seen down 1.1% at $89.03. The equity scored a record high of $109.98...Read More
Mr. Cooper Quinn reportsDRILL ASSAY RESULTS FROM MITCHELL LAKE ZONE RETURN 9.26 G/T GOLD OVER 0.5 METRES AND A BROADER DISSEMINATED INTERCEPT OF 30.50 METRES GRADING 0.70 G/T GOLDOsprey Gold Development Ltd. has released assay results from three holes drilled on the western portion of the Goldenville property in the Mitchell Lake zone. The company's Goldenville property is located in Guysborough c...Read More
Mr. Cooper Quinn reportsDRILL ASSAY RESULTS FROM MITCHELL LAKE ZONE RETURN 9.26 G/T GOLD OVER 0.5 METRES AND A BROADER DISSEMINATED INTERCEPT OF 30.50 METRES GRADING 0.70 G/T GOLDOsprey Gold Development Ltd. has released assay results from three holes drilled on the western portion of the Goldenville property in the Mitchell Lake zone. The company's Goldenville property is located in Guysborough c...Read More
Gold's main driver, fear, is a double-sided coin.Gold's price can suffer during stock market declines, but not for long.Latest bout of global market jitters paves the way for next gold rally.It's widely known among gold investors that one of the metal's biggest drivers is safety-related demand among investors who worry about the outlook for equities or the economy. Indeed, we've witnessed...Read More
Futures on the Dow Jones Industrial Average (DJI) are trading below fair value this morning, signaling a third consecutive day of losses. Traders will turn their attention back to Fed Chair Jerome Powell, who will again be testifying before Congress. Ahead of this, Wall Street is weighing a surprising drop in weekly jobless claims, while personal incomes and wages rose in January, and consumer inf...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS 30.5 METRES OF 2.05 G/T INCLUDING 12.2 METRES OF 4.45 G/T GOLD EXPANDING MOTHER LODE DEPOSIT TO THE EASTCorvus Gold Inc. has received additional results from two of four holes evaluating the eastern extension of the Mother Lode deposit.Results indicate mineralization continues to expand the system to the east (see attached table).The Eastern extension...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS 30.5 METRES OF 2.05 G/T INCLUDING 12.2 METRES OF 4.45 G/T GOLD EXPANDING MOTHER LODE DEPOSIT TO THE EASTCorvus Gold Inc. has received additional results from two of four holes evaluating the eastern extension of the Mother Lode deposit.Results indicate mineralization continues to expand the system to the east (see attached table).The Eastern extension...Read More
• USD firmness continues to weigh on the commodity. • Fed rate hike prospects add to the downward pressure. • Investors keenly wait for the second round of Powell’s testimony. After yesterday's brief pause, gold came under some renewed selling pressure on Thursday and dropped to three-week lows in the last hour....Read More
Africa-focused Stellar Diamonds (LON:STEL) said Wednesday it had finalized its tribute agreement and revenue share with junior Octea Mining for the Tongo-Tonguma diamond project in eastern Sierra Leone.The deal, which allows for mining the combined and contiguous Tongo and Tonguma concessions, is expected to create one of the largest diamond mines in West Africa."The closure of the agreements with...Read More
Africa-focused Stellar Diamonds (LON:STEL) said Wednesday it had finalized its tribute agreement and revenue share with junior Octea Mining for the Tongo-Tonguma diamond project in eastern Sierra Leone.The deal, which allows for mining the combined and contiguous Tongo and Tonguma concessions, is expected to create one of the largest diamond mines in West Africa."The closure of the agreements with...Read More