Cordoba Minerals (TSXV: CDB) is planning a 1,000 metre drill program at its Alacran copper-gold deposit, part of its San Matias copper-gold project in Colombia. Based on its results, the company may double the drill program.The miner will initially drill a single, 700 metre hole about 300 metres west of the Alacran targeting a potential copper-gold porphyry beneath the known deposit. It will then...Read More
Cordoba Minerals (TSXV: CDB) is planning a 1,000 metre drill program at its Alacran copper-gold deposit, part of its San Matias copper-gold project in Colombia. Based on its results, the company may double the drill program.The miner will initially drill a single, 700 metre hole about 300 metres west of the Alacran targeting a potential copper-gold porphyry beneath the known deposit. It will then...Read More
Cordoba Minerals (TSXV: CDB) is planning a 1,000 metre drill program at its Alacran copper-gold deposit, part of its San Matias copper-gold project in Colombia. Based on its results, the company may double the drill program.The miner will initially drill a single, 700 metre hole about 300 metres west of the Alacran targeting a potential copper-gold porphyry beneath the known deposit. It will then...Read More
A group of minority shareholders in Brazilian iron ore maker Vale SA have proposed an alternative board member to challenge the independent members within the group of 13 candidates presented by the company's board, newspaper Valor Economico reported.Broker Vic DTVM and fund Geracao Futuro Lpar proposed Patricia Bentes as an independent member and proposed the election be held using a cumulative v...Read More
"We need a change of course at the Bank of Italy if we think about what happened in the last years...The gold belongs to the Italians, not to the bankers..."Read full newsRead More
SNAP has nearly tripled since its late-December bottomShares of Snap Inc (NYSE:SNAP) are up 4.4% to trade at $12.36 this morning, after RBC upgraded the Snapchat parent to "outperform" from "sector perform," while boosting its price target to $17 from $10. The analyst in coverage praised the company's product differentiation and consistency on iOS app rankings. The lofty price target -- territo...Read More
The company announced preliminary sales of its biosimilarThe drug maker Coherus BioSciences Inc (NASDAQ:CHRS) is near the top of the Nasdaq today, after the company announced late Friday that preliminary sales of its biosimilar UDENYCA -- used in patients receiving myelosuppressive chemotherapy -- are expected to be between $36 million and $38 million. In response, CHRS stock is up 13.5% at $16.61...Read More
Komatsu Ltd. has developed its first battery-powered digger as it follows the auto industry in transitioning away from combustion engines.Asia's top construction equipment maker designed a 4.7-ton mini excavator that uses the same battery as its electric forklifts, Komatsu said in a statement on Monday. A fully charged battery allows two-to-six hours of operation, it said.Komatsu's "zero-emission"...Read More
An analyst at J.P. Morgan Securities set a $5 price target on GEThe shares of General Electric Company (NYSE:GE) had been hovering just above the $10 mark for almost a month, hinting at a potential layer of round-number support. However, a bearish brokerage note came out this morning and now has GE stock down 5.3% at $9.48, which would have it closing below the 50-day moving average for the first...Read More
BofA-Merrill Lynch cut its rating on BA stockBoeing Co (NYSE:BA) stock is down 4.4% at $379.26, after the aerospace giant slashed production of its 737 MAX 8 aircraft following a global grounding in reaction to a pair of deadly crashes. Specifically, BA said it will reduce output by almost 20% to 42 units per month from 52 units per month beginning in mid-April.A round of negative analyst notes is...Read More
One of China's top commodity traders, Tewoo Group, is selling copper at below market rates as it grapples with a liquidity crunch, according to people with knowledge of the matter. The company, which is owned by the local Tianjin government, is offloading some refined copper stocked in bonded zones as it unwinds financing deals with some banks, said the people, who asked not to be identified as th...Read More
One of China's top commodity traders, Tewoo Group, is selling copper at below market rates as it grapples with a liquidity crunch, according to people with knowledge of the matter. The company, which is owned by the local Tianjin government, is offloading some refined copper stocked in bonded zones as it unwinds financing deals with some banks, said the people, who asked not to be identified as th...Read More
Australian thermal coal prices plummeted last week, dropping to a 10-month low after succumbing to a series of blows including concern over imports by China and a lower contract price with Japan.But while one should always be wary of trying to catch a falling knife, there are some signs that the rapid decline in prices in recent months has moved the market into oversold territory.The weekly price...Read More
Indonesia's first plant to produce battery-grade nickel chemicals is on track to start operations by 2020, though the project still needs an environmental permit that could take up to eight months to be approved, the developer told Reuters.China's Tsingshan Group and partners including GEM Co Ltd are building a $700 million high pressure acid leaching (HPAL) plant at the PT Indonesia Morowali Indu...Read More
First-quarter earnings season kicks off this weekDow Jones Industrial Average (DJI) futures are trading below fair value, as caution sets in ahead of first-quarter earnings season. Boeing (BA) could also be a big drag on the blue-chip index today, with the newly downgraded Dow stock off 4.1% in electronic trading on news the company has slashed production of its grounded 737 MAX 8 aircraft. Agains...Read More
Global miner Anglo American (LON: AAL) will abandon plans to expand its Los Bronces copper mine in Chile if any potential damage to the nearby glaciers and ground water is identified.The company, which is preparing an environmental impact assessment for the $3 billion project, says all data collected so far proves it can go ahead with the expansion without causing any harm to the environment.The...Read More
Global miner Anglo American (LON: AAL) will abandon plans to expand its Los Bronces copper mine in Chile if any potential damage to the nearby glaciers and ground water is identified.The company, which is preparing an environmental impact assessment for the $3 billion project, says all data collected so far proves it can go ahead with the expansion without causing any harm to the environment.The...Read More
Equity price action suggests economic slowdown concerns could be overblownApril got off to decent start for stock bulls, with the S&P 500 Index (SPX - 2,892.74) tallying its second consecutive week of gains and its 12th weekly gain in the last 15 weeks. A positive April would make it four consecutive months of gains, which hasn't occurred since July 2018. Despite the SPX displaying a 15.4% year-to...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More
"Sirios Resources Inc. (TSXV:SOI) is a junior exploration company with five gold assets in James Bay, Quebec, Cheechoo which is adjacent to Goldcorp's Eleonore gold mine, being the most advanced project. https://t.co/uWJWAUUxR3 #SiriosResources #gold #investing"Read full newsRead More