Recent News

Miramont confirms mineralized system at Cerro Hermoso

April 12, 2019 / www.mining.com

Miramont Resources (CSE: MONT; US-OTC: MRRMF) cut significant mineralization during the 3,600 metre drill program at its Cerro Hermoso polymetallic project in Peru in one zone but limited mineralization in two others.The company tested Cerro Hermoso's Central Breccia zone, Stockwork zone and Carbonate Replacement zone. While it encountered short intervals of anomalous mineralization in the Stockw...Read More

Unloved Real Estate Stock Gets a Bullish Analyst Note

April 12, 2019 / www.schaeffersresearch.com

Most of Wall Street is bearish on RDFNOnline real estate specialist Redfin Corp (NASDAQ:RDFN) this morning received an "outperform" designation from Wedbush, which also set a $30 price target on the stock, saying in the note that the company's relationship with technology will help it grow its market share. This vote of confidence in RDFN is noteworthy given the broader sentiment picture across Wa...Read More

Antofagasta to decide on $3B Centinela mine expansion by 2021

April 12, 2019 / www.mining.com

Chilean copper miner Antofagasta Plc (LON:ANTO) will make a decision about going ahead with a $3B expansion of its Centinela mine, located in the country's north, by the end of next year or in 2021.Speaking on the sidelines of the World Copper Conference held this week in Santiago, chief executive Iv??n Arriagada said the company had recently decided to advance the studies on a second concentra...Read More

Antofagasta to decide on $3B Centinela mine expansion by 2021

April 12, 2019 / www.mining.com

Chilean copper miner Antofagasta Plc (LON:ANTO) will make a decision about going ahead with a $3B expansion of its Centinela mine, located in the country's north, by the end of next year or in 2021.Speaking on the sidelines of the World Copper Conference held this week in Santiago, chief executive Iv??n Arriagada said the company had recently decided to advance the studies on a second concentra...Read More

Antofagasta to decide on $3B Centinela mine expansion by 2021

April 12, 2019 / www.mining.com

Chilean copper miner Antofagasta Plc (LON:ANTO) will make a decision about going ahead with a $3B expansion of its Centinela mine, located in the country's north, by the end of next year or in 2021.Speaking on the sidelines of the World Copper Conference held this week in Santiago, chief executive Iv??n Arriagada said the company had recently decided to advance the studies on a second concentra...Read More

Dow Soars With Disney, JPMorgan Stocks

April 12, 2019 / www.schaeffersresearch.com

However, Chevron's M&A plans are keeping DJI gains in checkThe Dow Jones Industrial Average (DJI) is soaring at midday, thanks to an earnings beat from JPMorgan Chase (JPM) and Walt Disney's (DIS) new streaming service. However, oil giant Chevron (CVX) is keeping the Dow's gains in check, after the company inked a deal to buy Anadarko Petroleum (APC). While the Dow is still pacing for a weekly l...Read More

Polish parliament's lower house approves 15% cut to copper tax

April 12, 2019 / www.mining.com

Polish lawmakers approved a 15% cut to the country's copper tax on Friday, which would give state-run KGHM (WSE:KGH) a bit more room to breathe, as the miner has been struggling with rising costs, falling copper prices, technical problems and higher-than-expected capital spending in the past few years.The motion was approved by 407 members of the parliament's lower house, dominated by the ruli...Read More

Brazil President says Amazon rainforest reserve should be opened to mining

April 12, 2019 / www.mining.com

Brazilian President Jair Bolsonaro said on Friday the country could open a vast reserve in the Amazon rainforest to mining, a move attempted by his predecessor that was quickly rescinded following an international environmental outcry.The National Reserve of Copper and Associates (Renca) occupies roughly 17,800 square miles (46,100 square kilometers), an area slightly larger than Denmark, that is...Read More

Polish parliament's lower house approves 15% cut to copper tax

April 12, 2019 / www.mining.com

Polish lawmakers approved a 15% cut to the country's copper tax on Friday, which would give state-run KGHM (WSE:KGH) a bit more room to breathe, as the miner has been struggling with rising costs, falling copper prices, technical problems and higher-than-expected capital spending in the past few years.The motion was approved by 407 members of the parliament's lower house, dominated by the ruli...Read More

Brazil President says Amazon rainforest reserve should be opened to mining

April 12, 2019 / www.mining.com

Brazilian President Jair Bolsonaro said on Friday the country could open a vast reserve in the Amazon rainforest to mining, a move attempted by his predecessor that was quickly rescinded following an international environmental outcry.The National Reserve of Copper and Associates (Renca) occupies roughly 17,800 square miles (46,100 square kilometers), an area slightly larger than Denmark, that is...Read More

Polish parliament's lower house approves 15% cut to copper tax

April 12, 2019 / www.mining.com

Polish lawmakers approved a 15% cut to the country's copper tax on Friday, which would give state-run KGHM (WSE:KGH) a bit more room to breathe, as the miner has been struggling with rising costs, falling copper prices, technical problems and higher-than-expected capital spending in the past few years.The motion was approved by 407 members of the parliament's lower house, dominated by the ruli...Read More

#Chevron To Buy Anadarko In $33 Billion Energy Megadeal | Zero Hedge

April 12, 2019 / www.zerohedge.com

In a deal that could have a transformative impact on the contemporary energy industry, Chevron on Friday revealed plans to acquire oil and gas producer Anadarko Petroleum in a cash and stock deal valued at $33 billion.Read full newsRead More

Collegium Pharmaceutical Stock Surges on Another "Buy" Rating

April 12, 2019 / www.schaeffersresearch.com

COLL is no stranger to bull notesShares of Collegium Pharmaceutical Inc (NASDAQ:COLL) are making positive moves this morning, just after landing a "buy" rating and $29 price target out of Janney Montgomery. This type of bull note is not unusual for the stock, however, as all eight covering firms held "buy" or "strong buy" ratings coming into today. Plus, COLL's average 12-month price target corre...Read More

China March copper concentrate imports fall on-month, aluminium exports rebound

April 12, 2019 / www.mining.com

BEIJING - China's copper concentrate imports fell 8% in March from the month before when imports were unusually strong due to restocking ahead of the Lunar New Year holidays, customs data showed on Friday.Arrivals of copper concentrate, or partially processed copper ore, were 1.77 million tonnes last month, according to the General Administration of Customs data. That is up 10.6 percent from March...Read More

2 Oil Stocks in the News Today

April 12, 2019 / www.schaeffersresearch.com

Analysts are growing bullish on Murphy OilEnergy names Chevron Corporation (NYSE:CVX) and Murphy Oil Corporation (NYSE:MUR) are reacting to headlines today in opposite ways. First up, Chevron inked a deal to buy Anadarko Petroleum (APC) for $33 billion that values APC at $65 per share. MUR stock, meanwhile, is higher on upbeat analyst attention.The Anadarko deal gives Chevron greater access to t...Read More

Disney's New Streaming Service Knocks Netflix Stock

April 12, 2019 / www.schaeffersresearch.com

The FAANG stock is down as Disney aggressively pushes its new streaming platform Streaming giant Netflix, Inc. (NASDAQ:NFLX) is getting ready to face some major competition. Entertainment heavyweight Walt Disney (DIS) will enter the on-demand video arena with its new Disney+ service in mid-November. Disney said its family-friendly streaming service will be priced below Netflix's current rates, and...Read More

Options Bulls Bombard Red-Hot Walt Disney Stock

April 12, 2019 / www.schaeffersresearch.com

The Dow stock hit a record high out of the gateIt's a busy morning on Wall Street, and while most eyes are on a batch of blowout bank earnings, Walt Disney Co (NYSE:DIS) is making plenty of waves, too. The entertainment giant unveiled details for its highly anticipated Disney+ streaming service, which will be available in the U.S. beginning Tuesday, Nov. 12, for $6.99 per month, below rival Netfli...Read More

China's General Lithium to launch 60,000 T spodumene converter by end of 2020

April 12, 2019 / www.mining.com

SHANGHAI - General Lithium Corp, China's fourth-biggest lithium producer, plans to start building a plant to convert mineral ore to lithium that will more than triple its capacity by the end of 2020, a company official said on Friday.The plant will convert spodumene, a hard-rock mineral mined for lithium, into 60,000 tonnes of lithium carbonate equivalent (LCE) per year in the city of Yichang, in...Read More

Dow Futures Soar on Blowout Big Bank Earnings

April 12, 2019 / www.schaeffersresearch.com

Oil prices are on track for their longest weekly win streak in yearsDow Jones Industrial Average (DJI) futures are trading more than 200 points above fair value, as Wall Street reacts to blowout bank earnings. The S&P 500 Index (SPX) is also signaling a strong start, as shares of JPMorgan Chase (JPM) and Wells Fargo (WFC) rise after the financial firms reported first-quarter profit beats. Walt Dis...Read More

New Brokerage Offers Reduced Rates for First-Time Customers

April 12, 2019 / www.schaeffersresearch.com

ToledoTrade is offering Schaeffer's VIPs a special introductory offer. The following is a paid advertisement. ToledoTrade may compensate Schaeffer's for referring prospects over to ToledoTrade.Starting today, a special offer with the recently launched online brokerage service, ToledoTrade, is giving Schaeffer's VIPs a special offer, including trades from $1 until 2020... or even at cost!1Why...Read More

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