Recent News

Miner plans on flying Mexico gold to Canada to duck US tariffs

June 06, 2019 / www.mining.com

If push comes to shove, one of the world's largest gold miners is prepared to do an end run around the U.S. should President Donald Trump's threatened tariffs on Mexican goods bite.Agnico Eagle Mines Ltd. currently produces about 300,000 ounces of gold in Mexico that it refines in the U.S., all of which would likely be subject to the proposed tariffs, Chief Executive Officer Sean Boyd said Wednesd...Read More

Michaels Stock Hits New Low After Weak Sales Update

June 06, 2019 / www.schaeffersresearch.com

The company reported a decline in comparable sales and a revenue miss for its first quarter First quarter results from craft retailer Michaels Companies Inc (NASDAQ:MIK) has sparked some serious selling this morning. The firm reported a 2.9% decline in same-store sales for the period, and revenue that came in lower than analyst expectations. The company also predicted a potential 1.5% drop in comp...Read More

Advanced Micro Devices Stock Hits 2019 Highs on Morgan Stanley Upgrade

June 06, 2019 / www.schaeffersresearch.com

AMD has been making headlines this week with partnership newsTech giant Advanced Micro Devices, Inc. (NASDAQ:AMD) is back in headlines this morning, still receiving praise from its Monday announcement that it has partnered up with Samsung Electronics. Morgan Stanley this morning upgraded AMD to "equal weight" from "underweight," and hiked its price target to $28 from $17. The firm said it expects...Read More

Lynas touts its independence from China in push for rare earths growth

June 06, 2019 / www.mining.com

With China threatening to curb exports of rare earth minerals, Lynas Corp is making an aggressive push for fresh business across the globe and billing itself as the best option for its customers to tap diversified supplies of the specialized materials.While Australia-based Lynas cannot match China's rare earths processing capability, it is hoping that its role as the largest rare earths miner and...Read More

Top uranium producer is gloomy about nuclear power, for now

June 06, 2019 / www.mining.com

Don't expect an upswing in the global uranium market anytime soon."In our models, we don't get excited on the demand side," said Galymzhan Pirmatov, chief executive officer of Kazatomprom, Kazakhstan's state-owned mining company that's the world's biggest supplier.Kazakhstan controls about 40% of the world's supply of the metal, and Kazatomprom accounts for half of that, making it the biggest prod...Read More

Top uranium producer is gloomy about nuclear power, for now

June 06, 2019 / www.mining.com

Don't expect an upswing in the global uranium market anytime soon."In our models, we don't get excited on the demand side," said Galymzhan Pirmatov, chief executive officer of Kazatomprom, Kazakhstan's state-owned mining company that's the world's biggest supplier.Kazakhstan controls about 40% of the world's supply of the metal, and Kazatomprom accounts for half of that, making it the biggest prod...Read More

The "Trick" Used By the World's Wealthiest

June 06, 2019 / www.schaeffersresearch.com

A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More

Stock Futures Hold Gains After Trade Data

June 06, 2019 / www.schaeffersresearch.com

The Dow is aiming for a fourth consecutive up dayInvestor hope for a potential Fed rate cut has stock futures trading above fair value, setting the Dow Jones Industrial Average (DJI) up for a fourth straight win. Also in focus are President Donald Trump's tweets about immigration and tariff discussions with Mexico from last evening, in which he wrote, "Progress is being made, but not nearly enough...Read More

Nyrstar suspends Port Pirie lead smelter, declares force majeure

June 06, 2019 / www.mining.com

Nyrstar has halted production at its Port Pirie lead smelter in Australia and declared force majeure, the Belgian-headquartered metals and mining company said on Thursday.It stopped output at Port Pirie on May 28 due to an unplanned outage at the blast furnace, a spokesman said in a email."We are currently in the process of assessing the outage and expect that production should resume within the c...Read More

Codelco sweetens offer to avoid strike at Chuquicamata mine

June 06, 2019 / www.mining.com

Unions at Chile's Chuquicamata copper mine expressed disappointment in state-run miner Codelco's latest contract offer on Thursday but agreed to extend negotiations in hopes of averting a strike.Codelco, the world's largest copper producer, started government-mediated talks with unions 1, 2 and 3 at Chuquicamata last week after workers rejected the company's proposal.But the unions said they were...Read More

Who are the women in METS? Find out today in the Global METS investment report 2019. Find out more here -...

June 06, 2019 / twitter.com

"Who are the women in METS? Find out today in the Global METS investment report 2019. Find out more here - https://t.co/WMKRHVeBOr#aspermont #mining #technology #equipment #services"Read full newsRead More

The "Enslavement" Of America: A Looming Crisis

June 06, 2019 / www.schaeffersresearch.com

Americans' very way of life could be threatened, according to the man who predicted the downfall of Fannie Mae and Freddie Mac.No one believed Porter Stansberry years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.And no one believed him when he said GM would fall apart... or that the same would happen to General Growth Properties (America...Read More

First Quantum wants to operate Cobre Panama without 'legal uncertainties'

June 06, 2019 / www.mining.com

Canada's First Quantum Minerals (TSX:FM) responded to Panama's President-elect Laurentino Cortizo by issuing a media release stating that the extension of the contract to operate the Cobre Panam?? mine fulfills current laws and regulations and that its team should be allowed to work without legal uncertainties.The miner's communiqu?(C) was made public a day after Cortizo said his government would...Read More

First Quantum wants to operate Cobre Panama without 'legal uncertainties'

June 06, 2019 / www.mining.com

Canada's First Quantum Minerals (TSX:FM) responded to Panama's President-elect Laurentino Cortizo by issuing a media release stating that the extension of the contract to operate the Cobre Panam?? mine fulfills current laws and regulations and that its team should be allowed to work without legal uncertainties.The miner's communiqu?(C) was made public a day after Cortizo said his government would...Read More

Diamond markets under pressure - Rapaport

June 06, 2019 / www.mining.com

Rapaport published a report stating that diamond markets are under pressure as profit margins have tightened and the trade war with China has fueled uncertainty.The international firm revealed that the RapNet Diamond Index, known as RAPI, for 1-carat+ diamonds fell 0.7% in May and is down 1.7% since the beginning of the year.RAPI is the average asking price in hundred $/carat of the 10% best-price...Read More

Diamond markets under pressure - Rapaport

June 06, 2019 / www.mining.com

Rapaport published a report stating that diamond markets are under pressure as profit margins have tightened and the trade war with China has fueled uncertainty.The international firm revealed that the RapNet Diamond Index, known as RAPI, for 1-carat+ diamonds fell 0.7% in May and is down 1.7% since the beginning of the year.RAPI is the average asking price in hundred $/carat of the 10% best-price...Read More

UPDATE 2-Rich economies must heed policy impact on emerging nations-Carney

June 06, 2019 / www.kitco.com

* Fed has "disproportionate" impact on emerging economies -Carney * Poorer nations must ensure central bank independence, curbdebt * Regulators eyeing redemption terms for illiquid investmentfunds (Adds detail from speech, context)By Stanley White and Leika KiharaTOKYO, June 6 (Reuters) - Central bankers in the UnitedStates and other rich nations should take more account of theimpact the...Read More

Consider Coeur Mining as Gold Prices Rise

June 06, 2019 / dlvr.it

Warning! GuruFocus has detected 3 Warning Signs with CDE.Coeur Mining Inc. (CDE) is strongly positioned to benefit from this trend for several reasons.First, Senior Vice President and Chief Financial Officer Thomas S. Whelan purchased 25,000 ordinary shares of the company for an average price ofRead full newsRead More

Voleo Receives Investment from Fidelity National Information Services and Participates in Accelerator Program Hosted by The Venture Center

June 06, 2019 / kincommunications.com

VANCOUVER, CANADA, Voleo Trading Systems Inc. (TRAD: TSX-V) ("Voleo", the "Company"), is pleased to announce the Company is participating in the 2019 Fidelity National Information Services ("FIS") Fintech Accelerator Program. As one of ten selected start-up companies taking part in the 12-week on-site mentorship program at The Venture Center, Voleo is benefitting from in-depth business suppor...Read More

UPDATE 4-ECB rules out rate hike, opens the door to more stimulus

June 06, 2019 / www.kitco.com

* Rates to stay at current levels through H1 2020 * Rates cuts, more QE were discussed as contingency measures * Best TLTRO rate 10 basis points over deposit rate * New economic forecasts see slower 2020, 2021 (Adds more details, comments)By Balazs Koranyi and Francesco CanepaVILNIUS, June 6 (Reuters) - The European Central Bank onThursday ruled out raising interest rates in the next year andeven...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok