Recent News

CANADA STOCKS-TSX falls most in six weeks as resource shares slide

January 25, 2018 / www.kitco.com

(Adds details throughout on market activity; updates prices)* TSX falls 80.2 points, or 0.49 percent, at 16,204.01* Five of the index's 10 main groups decline* Energy falls 1 percent, materials down 1.4 percent* Enbridge falls 2.4 percent, TransCanada declines 2.6 percent TORONTO, Jan 25 (Reuters) - Canada's main stock index suffered its biggest drop since mid-December on Thursday as pipeline ope...Read More

Orla Mining to buy Monitor gold project in Nevada

January 25, 2018 / www.stockwatch.com

Mr. Marc Prefontains reportsORLA ACQUIRES MONITOR GOLD EXPLORATION PROJECT IN CENTRAL NEVADA Orla Mining Ltd. has entered into an agreement to acquire up to a 100-per-cent interest in the Monitor Gold exploration project, consisting of 340 claims covering approximately 2,800 hectares in central Nevada.The project covers zones with silicification and samples with anomalous gold in both Paleozoic ca...Read More

Orla Mining to buy Monitor gold project in Nevada

January 25, 2018 / www.stockwatch.com

Mr. Marc Prefontains reportsORLA ACQUIRES MONITOR GOLD EXPLORATION PROJECT IN CENTRAL NEVADA Orla Mining Ltd. has entered into an agreement to acquire up to a 100-per-cent interest in the Monitor Gold exploration project, consisting of 340 claims covering approximately 2,800 hectares in central Nevada.The project covers zones with silicification and samples with anomalous gold in both Paleozoic ca...Read More

U.S. tech stock funds attract most cash since 2000 -Lipper

January 25, 2018 / www.kitco.com

NEW YORK, Jan 25 (Reuters) - U.S. fund investors piled into technology stocks during the latest week, pouring the most money into the market than in any week since March 2000, Lipper said on Thursday.The funds pulled in $1.7 billion during the week ended Jan. 24, according to the research service. (Reporting by Trevor Hunnicutt; Editing by James Dalgleish) Disclaimer: The views expressed in this...Read More

UPDATE 1-Western Digital's revenue growth slightly tops estimates

January 25, 2018 / www.kitco.com

(Adds estimates, share movement)Jan 25 (Reuters) - Western Digital Corp reported a slightly better-than-expected 9.2 percent jump in quarterly revenue on Thursday, as it benefited from healthy pricing for NAND memory chips and strong demand for memory chips used in PCs and smartphones.The company's revenue rose to $5.34 billion in its second quarter ended Dec. 29 from $4.89 billion a year earlier...Read More

Klondex Mines drills 10.7m of 56.65g/t Au at Fire Creek

January 25, 2018 / www.stockwatch.com

Mr. Brian Morris reports KLONDEX CONTINUES TO EXTEND HIGH GRADE MINERALIZATION AT FIRE CREEK'S ZEUS TARGET, INCLUDING 1.65 OPT AU OVER 35.0 FT; COMPANY SCHEDULES ANNOUNCEMENT OF 2017 OPERATING RESULTS AND 2018 GUIDANCEKlondex Mines Ltd. has provided the final results of the 2017 surface exploration drill program on the Zeus target at its Fire Creek mine located in northern Nevada, United States.Su...Read More

Klondex Mines drills 10.7m of 56.65g/t Au at Fire Creek

January 25, 2018 / www.stockwatch.com

Mr. Brian Morris reports KLONDEX CONTINUES TO EXTEND HIGH GRADE MINERALIZATION AT FIRE CREEK'S ZEUS TARGET, INCLUDING 1.65 OPT AU OVER 35.0 FT; COMPANY SCHEDULES ANNOUNCEMENT OF 2017 OPERATING RESULTS AND 2018 GUIDANCEKlondex Mines Ltd. has provided the final results of the 2017 surface exploration drill program on the Zeus target at its Fire Creek mine located in northern Nevada, United States.Su...Read More

PRECIOUS-Gold reverses course, falls from 2016 high as dollar rebounds

January 25, 2018 / www.kitco.com

* Dollar reverses after Trump comments* Gold drops more than 1 percent (New throughout, updates prices and market activity and comments)By Renita D. Young and Peter HobsonNEW YORK/LONDON, Jan 25 (Reuters) - Gold dropped more than 1 percent on Thursday, retreating after an early rise as the U.S. dollar strengthened when President Donald Trump talked up a stronger greenback.The dollar reversed earli...Read More

US STOCKS-Dow and S&P 500 reach records; market cools after Trump talks up dollar

January 25, 2018 / www.kitco.com

* Biogen climbs after earnings* Intel up after bell, Starbucks down* Indexes end: Dow +0.54 pct, S&P 500 +0.06, Nasdaq -0.05 pct (Updates with close of market)By Noel RandewichNEW YORK, Jan 25 (Reuters) - The Dow Jones Industrial Average and S&P 500 closed at their highest levels ever on Thursday although Wall Street relinquished bigger gains after President Donald Trump said he wants a st...Read More

U.S. airline shares fall again as investors worry about capacity, price wars

January 25, 2018 / www.kitco.com

By Alana WiseNEW YORK, Jan 25 (Reuters) - U.S. airline shares sunk further on Thursday as quarterly reports from American Airlines and Southwest Airlines did nothing to quell investors' fears that carriers' plans to expand capacity will lead to lower fares just as the industry faces rising costs. Fears about the resulting hit to bottom lines sent the NYSE Arca Airline Index down 2.4 percent. It is...Read More

Stocks Finished Mixed as Trump Defends Dollar

January 25, 2018 / www.schaeffersresearch.com

Stocks finished the day mixed, with the S&P ending flat and the Nasdaq erasing early gains, after President Trump said Treasury Secretary Steve Mnuchin's recent comments were taken out of context, and that he expects the greenback to get "stronger and stronger." Before reversing higher on Trump's endorsement, the dollar earlier fell to a three-year low against a basket of its foreign rivals, as tr...Read More

Western Digital's quarterly revenue rises 9.2 pct

January 25, 2018 / www.kitco.com

Jan 25 (Reuters) - Western Digital Corp reported a 9.2 percent rise in quarterly revenue on Thursday, as it benefited from healthy NAND pricing and strong demand for its memory chips used in PCs and smartphones.The company's revenue rose to $5.34 billion in the second quarter ended Dec. 29 from $4.89 billion a year earlier.The data-storage device maker posted a net loss of $823 million, or $2.78 p...Read More

CANADA STOCKS-TSX falls as resource shares fall with commodity prices

January 25, 2018 / www.kitco.com

TORONTO, Jan 25 (Reuters) - Canada's main stock index fell on Thursday as lower commodity prices pressured energy and materials shares, while shares of financial companies also lost ground.The Toronto Stock Exchange's S&P/TSX composite index closed down 80.2 points, or 0.49 percent, at 16,204.01. Five of the index's 10 main groups ended lower. (Reporting by Fergal Smith; Editing by Sandra Male...Read More

Vast Resources inks conditional financing and off-take deal with Mercuria Energy

January 25, 2018 / www.proactiveinvestors.co.uk

Andrew Prelea, chief executive of Vast Resources PLC (LON:VAST), tells Proactive's Andrew Scott they've agreed a conditional refinancing and offtake deal.It's with Mercuria Energy Trading for 100% of the copper and zinc concentrate produced at Vast's Manaila and Baita Plai polymetallic mines in Romania.Should Vast go ahead and accept the offer, Mercuria will make up to US$9.5mln available to the c...Read More

Red letter day for Summit Therapeutics after positive interim ezutromid results

January 25, 2018 / www.proactiveinvestors.co.uk

Proactive Investors' editor Ian Lyall reports on the release this afternoon by Summit Therapeutics PLC (LON:SUMM,NASDAQ:SMMT) of encouraging data for its treatment for Duchenne Muscular Dystrophy (DMD).The interim results for the PhaseOut study revealed a "statistically significant and meaningful" reduction in muscle damage in patients taking the company's treatment, ezutromid.Duchenne Muscular Dy...Read More

US STOCKS SNAPSHOT-Dow, S&P hit records but Nasdaq loses ground

January 25, 2018 / www.kitco.com

NEW YORK, Jan 25 (Reuters) - The Dow Jones Industrial Average and S&P 500 hit record highs on Thursday although much of Wall Street relinquished earlier gains after President Donald Trump said he wants a strong dollar.The Dow Jones Industrial Average rose 140.67 points, or 0.54 percent, to 26,392.79, the S&P 500 gained 1.71 points, or 0.06 percent, to 2,839.25 and the Nasdaq Composite drop...Read More

Western Copper and Gold Amends Private Placement

January 25, 2018 / bit.ly

Western Copper and Gold Corporation ("Western" or the "Company")(TSX:WRN, NYSE AMERICAN:WRN) announces that it has amended the terms of the non-brokered private placement announced on January 22, 2018.Read full newsRead More

UPDATE 1-UBI CEO says ECB wants single-digit soured loan ratio "fairly" soon

January 25, 2018 / www.kitco.com

(Adds details)By Andrea MandalaMILAN, Jan 25 (Reuters) - European Central Bank supervisors want euro zone lenders to reduce the weight of impaired loans so it falls below 10 percent of total debts fairly quickly, the head of Italy's fifth-largest bank UBI said on Thursday.The ECB is pressuring European lenders to tackle a $1 trillion pile of debts that turned sour due to an economic slump. In Ita...Read More

GLOBAL MARKETS-Dollar rises, stocks pare gains after Trump talks up U.S. currency

January 25, 2018 / www.kitco.com

* Greenback recovers after Trump says he wants 'strong dollar'* Oil up on tight supply and weak dollar, Brent passes $71* Wall St surrenders gains after Trump talks up dollar (Updates with reaction to Trump comments on dollar)By Caroline ValetkevitchNEW YORK, Jan 25 (Reuters) - The dollar reversed losses and U.S. stocks relinquished gains after U.S. President Donald Trump backed a strong dollar.Th...Read More

Gold recedes from multi-month tops near $1,370/oz

January 25, 2018 / www.fxstreet.com

- Bullion retreats from highs around $1,370/oz. - USD weakness remains the sole driver of the upside. - Focus on Trump’s speech at Davos. The upbeat sentiment around the yellow metal stays unabated so far this week, with the ounce troy hovering over the $1,370 area, or multi-month tops. Gold gains capped just below $1,370 The increasing selling pressure around the greenback has been the sole...Read More

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