Mr. Eric Fier reportsSILVERCREST SUMMARIZES SUCCESSFUL 2017 AND PROVIDES OUTLOOK FOR 2018Silvercrest Metals Inc. has provideda summary of its 2017 results and 2018 outlook for its Las Chispas property located in Sonora, Mexico. N. Eric Fier, CPG, PEng, chief executive officer of Silvercrest, remarked: "Two thousand seventeen was a very successful year for Silvercrest with multiple high-grade disco...Read More
(Adds details on stocks and sectors throughout; updates prices)TORONTO, Jan 22 (Reuters) - Canada's main stock index fell on Monday as losses for the industrial and materials groups offset gains for financial shares.* At 10:56 a.m. EST (15:56 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 29.06 points, or 0.18 percent, to 16,324.4.* The industrials group declined 1.1 percent...Read More
Mr. George Smith reportsCALIBRE MINING RC DRILLING PROGRAM ON THE 100% OWNED PRIMAVERA GOLD-COPPER PORPHYRY DEPOSIT INTERSECTS WIDESPREAD GOLD-COPPER MINERALIZATION, NICARAGUACalibre Mining Corp. has released results of its 2017 reverse circulation drilling program on its 100-per-cent-owned Primavera gold-copper porphyry project in Nicaragua.Highlights: The 2017 RC drilling program consisted of 1...Read More
Mr. George Smith reportsCALIBRE MINING RC DRILLING PROGRAM ON THE 100% OWNED PRIMAVERA GOLD-COPPER PORPHYRY DEPOSIT INTERSECTS WIDESPREAD GOLD-COPPER MINERALIZATION, NICARAGUACalibre Mining Corp. has released results of its 2017 reverse circulation drilling program on its 100-per-cent-owned Primavera gold-copper porphyry project in Nicaragua.Highlights: The 2017 RC drilling program consisted of 1...Read More
* 10-year yields hit highest since July 2014 before stabilizing* U.S. government shutdown begins third day By Kate DuguidNEW YORK, Jan 22 (Reuters) - Benchmark Treasury yields hit their highest in more than three years on Monday, as investors largely shrugged off a U.S. government shutdown, anticipating it will not have a significant long-term impact on the world's largest economy.Both Republican...Read More
WASHINGTON, Jan 22 (Reuters) - For details of the U.S. Treasury's auction of 4-week bills on Tuesday, see: (Washington economics newsroom) 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...Read More
Juno Therapeutics Inc (NASDAQ:JUNO) agreed to be bought out by Celgene Corporation (NASDAQ:CELG), confirming last week's reports in the Wall Street Journal. CELG already owns a 9.7% stake in JUNO, but will purchase the remainder of the company in an all-cash deal valued at roughly $9 billion, or $87 per JUNO share -- allowing it access to the Seattle-based firm's CAR-T cancer drug pipeline.At last...Read More
(Adds stocks, updates levels)JOHANNESBURG, Jan 22 (Reuters) - South African markets strengthened on Monday, driven by optimism about the prospects for change under the new leader of the ruling African National Congress (ANC).At 1513 GMT, the rand traded at 12.1100 per dollar, 0.49 percent firmer than its New York close on Friday.The ruling ANC discussed last week removing President Jacob Zuma as...Read More
A measure of national economic activity calculated at the Chicago Federal Reserve gained in December with a particular push from factories. Housing and other components in the index softened. The Chicago Fed's index of national economic activity rose to a positive 0.15 last month from a downwardly revised positive 0.11 in November, the central bank branch reported Monday. October's reading of posi...Read More
Alastair smith, chief executive of Avacta Group Plc's (LON:AVCT), tells Proactive that interest in their Affimer technology continues to grow following the announcement of another collaboration agreement - this time with OncoSec Medical Inc (NASDAQ:ONCS).OncoSec has developed a gene delivery technology called ImmunoPulse which it wants to use to deliver Affimers - including Avacta's PD-L1 inhibito...Read More
(Kitco News)- For the fifth consecutive week,hedge funds continue to buy gold in a weak U.S. dollar environment.However, while there issubstantial bullish sentiment within the gold market, analysts are warning thatmomentum could be fading as bearish positions start to build.“There is underlying demand inthe gold market that is visible but the speed at which speculative longpositions have bui...Read More
Russ McMeekin, CEO of Universal mCloud (CVE:MCLD), explains to Proactive how they're leveraging cloud technology, Internet of Things and real-time data along with recent technology acquisitions to double their business.McMeekin says the company is enjoying strong demand in the US and has a considerable footprint in Canada with smart building optimization HVAC (Heating, Ventilation and Air Conditio...Read More
Neil Ritson, executive chairman of Solo Oil PLC (LON:SOLO), updates Proactive's Andrew Scott on the progress of its 15% owned associate Helium One which is considering options for new funding to support exploration plans in Tanzania.Ritson says an IPO, onto the Australian Securities Exchange, is one option being considered by Helium One and it has now appointed Aussie stockbroker PAC Pty to help i...Read More
(Adds details from letter)By Svea Herbst-BaylissBOSTON, Jan 22 (Reuters) - Billionaire investor Daniel Loeb praised food group Nestle's chief, but is keeping up the pressure with demands that the company move faster to overhaul its strategy."We hope now that Dr. Schneider has completed his first year and there is new blood on the board, the company is able to move with greater alacrity,"...Read More
By Tuomas ForsellHELSINKI, Jan 22 (Reuters) - Europe's next financial crisis may be averted with the help of a new "safe asset" aimed at breaking a vicious circle of lending by banks to their national governments, the man in charge of creating it said on Monday. Philip Lane, the head of a taskforce working on a synthetic bond backed by the sovereign debt of all EU countries, said Safe Bo...Read More
Array Biopharma Inc (NASDAQ:ARRY) is up 13.7% to trade at $14.93, and earlier touched a 16-year high of $15.66, after Leerink upgraded the cancer treatment specialist to "outperform" from "market perform," while issuing a price-target hike to $19 from $12. The upgrade comes after the biotech stock reported strong clinical results over the weekend from its BEACON cancer treatment trials, with Leeri...Read More
MOSCOW, Jan 22 (Reuters) - International Bank of Azerbaijan has applied to a local district court for a 180-day extension to its restructuring proceeding, D.F. King, an agent to the lender on the restructuring, said in a statement.IBA, which is Azerbaijan's biggest lender and is controlled by the state, is undertaking a $3.3 billion debt restructuring. (Reporting by Maria Kiselyova; Writing by Chr...Read More
* Juno Therapeutics jumps after Celgene's $9 bln deal* AIG to buy reinsurer Validus for $5.6 bln* Senate to vote on extending U.S. funding at noon* Indexes: Dow flat, S&P up 0.2 pct, Nasdaq up 0.26 pct (Updates to open)By Sruthi ShankarJan 22 (Reuters) - The S&P and the Nasdaq were marginally higher on Monday, while losses in industrial stocks such as General Electric and Boeing as well as...Read More
HONG KONG, Jan 22 (Reuters) - Beijing Electric Vehicle Co (BJEV) will gain a stock market listing through a share issue and asset swap deal valuing the state-backed electric car manufacturer at 28.8 billion yuan ($4.5 billion), according to a Shanghai stock exchange filing.ChengDu QianFeng Electronics Co , one of the listed arms of Beijing Automotive Group (BAIC Group), will buy BJEV in an asset s...Read More
Cybersecurity stock Palo Alto Networks Inc (NYSE:PANW) touched an annual high last week after an upgrade from Evercore ISI, who said the company has "room to flourish." It's a different story today, however, with PANW stock sliding 3.1% to trade at $152.29 following bearish attention from Goldman Sachs. The firm downgraded the shares to "neutral" from "buy" and trimmed its price target to $168 fro...Read More