CMX Gold & Silver Corp. (CSE:CXC; OTC:CXXMF) ('CMX' or the 'Company') announces holders of its secured convertible debentures in the principal amount of $295,641 have agreed to extend the maturity date of the debentures by one year to January 31, 2019.Read full newsRead More
LUSAKA, Jan 2 (Reuters) - A London court has ordered Zambia Vedanta unit KCM to pay a state mining company $139 million in a claim related to the copper price, raising by $36 million the amount it was originally ordered to pay, the state company said on Tuesday.The claim relates to outstanding payments under a 2013 copper price participation settlement agreement between Konkola Copper Mines (KCM)...Read More
TESARO Inc (NASDAQ:TSRO) stumbled to the finish line in 2017, shedding 2% in December alone. To make matters worse, the biotech stock is starting off 2018 reacting to a flurry of bearish analyst attention -- sending the shares even deeper into the red.Piper Jaffray and Cowen and Company both issued price-target cuts to $80 for Tesaro this morning. As such, TSRO stock has dropped 8.8% at last check...Read More
* Dollar pressured by doubts about Fed rate hike outlook* Euro rises as ECB seen normalizing rate policy* Yen rises vs dollar (Adds comment, updates prices)By Gertrude Chavez-DreyfussNEW YORK, Jan 2 (Reuters) - The dollar dropped on Tuesday to its lowest in more than three months, weighed down on the first trading day of 2018 by expectations of a slower pace of interest rate increases by the Feder...Read More
Gold price outlook is as strong it has been in a long time.Gold's latest rally is further solidified by a bullish crude oil price outlook.The return of inflation may serve as gold's biggest driver in 2018. Gold prices soared to three-month highs on the last trading day of 2017 and were on track for their best year since 2010. The late-year rally in gold was fueled by a weaker dollar, short...Read More
Stocks have kicked off 2018 on a high note, with tech shares leading the path higher. Among other names making big moves are pharma stock Abbott Laboratories (NYSE:ABT), biotech Achaogen Inc (NASDAQ:AKAO), and fast casual dining name Chanticleer Holdings Inc (NASDAQ:BURG). Here's a quick look at what's boosting shares of ABT, AKAO, and BURG.ABT Stock Earns a Pair of High-Profile UpgradesAbbott Lab...Read More
George Roach, CEO of Premier African Minerals Ltd (LON:PREM) tells Proactive of plans to float off its Zulu lithium project in Zimbabwe. Premier is approaching its 51% partner in RHA to assist in facilitating a long-term solution for the tungsten project following the loss of a third of its share value. George also tells Proactive how political changes in Zim could bode well for investors. M...Read More
(Updates share prices, adds analyst comment)By Liz HamptonHOUSTON, Jan 2 (Reuters) - Shares of Weatherford International Plc fell 18 percent on Tuesday after the oilfield services companyabandoned a proposed joint venture with Schlumberger and instead sold its hydraulic fracturing business to Schlumberger, a bigger rival.The deal with Schlumberger, worth $430 million, gave Weatherford roughly $10...Read More
(Corrects headline, first paragraph to show index slightly higher in morning trade, not lower)* TSX up 5.91 points, or 0.04 percent, to 16,215.04* Six of the TSX's 10 main groups move lower TORONTO, Jan 2 (Reuters) - Canada's main stock index was slightly higher in morning trade on Tuesday, with gold miners and marijuana producers pushing higher while financial stocks weighed. * At 10:03 a.m. ET...Read More
Midatech Pharma Plc (LON:MTPH, NASDAQMTP) boss tells us how the company has secured a US$15mln, four-year senior loan facility that will be used to bankroll the clinical development of two promising cancer drug candidates. The funding has come via MidCap Financial, a middle market finance house, and Midtech has drawn down an initial US$7mln of the facility. CEO Jim Phillips tells Proactive what th...Read More
* Dollar starts 2018 on back foot, still boosting gold* Spot gold chart shows overbought conditions-technicals* Palladium hits record after 56 pct rally in 2017 (Updates prices, comment; adds byline, NEW YORK dateline)By Chris Prentice and Jan HarveyNEW YORK/LONDON, Jan 2 (Reuters) - Gold extended its rally into the new year on Tuesday, touching late September highs on a softer U.S. dollar, while...Read More
* European stocks close lower* U.S. stocks higher, boosting global shares* Euro, sterling gain while dollar drops (Updates to European market close; adds commentary)By Stephanie KellyNEW YORK, Jan 2 (Reuters) - European stocks closed lower on Tuesday, the first trading day of 2018, while Wall Street advanced and the U.S. dollar fell to its weakest in over three months against key currencies. MSCI'...Read More
BUENOS AIRES, Jan 2 (Reuters) - Argentina collected 235.210 billion pesos ($12.61 billion) in tax revenue in December, the AFIP tax agency said on Tuesday, bringing the total take for 2017 to 2.537 trillion pesos ($136.07 billion). (Reporting by Walter Bianchi; Writing by Hugh Bronstein; Editing by Chris Reese) Disclaimer: The views expressed in this article are those of the author and may not re...Read More
Lululemon Athletica Inc. (NASDAQ:LULU) is starting off the year with an impressive slew of analyst attention, as the athletic apparel stock received no fewer than three price-target raises today. Telsey Advisory Group hiked its forecast to $92 from $84, while J.P. Morgan Securities upped its target to $87 from $79. The third raise, to $88 from $78, came from Citigroup -- despite the brokerage firm...Read More
While Bitcoin remains lower in 2018, down around 2%, Ethereum, Litecoin, and Ripple are surging with ETH breaking to a new record high over $880 following headlines that Russia is exploring ways to create a 'cryptorouble'.Read full newsRead More
The geopolitical risks in 2018 are "easily as bad" as the economic risks in 2008, Eurasia's Ian Bremmer says.This year could see a geopolitical crisis on the scale of the financial crash a decade ago, Eurasia Group warned in its annual outlook.Describing global political challenges as "daunting," the New York-based political risk consultancy said that "if we had to pick one year for a big unexpec...Read More
1. There are very few sellers leftThere were very few sellers left in January 2016 when the devastating "forever bear" was about to end. Six months later and a 150% rebound in the large caps and 200% rise in the juniors (GDXJ) provided sellers an opportunity. They drove the miners and juniors down by 40% to 45% in less than five months. However, both GDX and GDXJ have been able to hold above that...Read More
A total of 68 stations were closed by the Ministry of Commerce and Investment following nation-wide inspections.Read full newsRead More
Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.Read full newsRead More
Russia's oil industry continued its long-term expansion last year, with production hitting a record even as President Vladimir Putin joined forces with OPEC to clear a global glut and lift prices.Read full newsRead More