Recent News

Paris to decide fate of Russia-Canada gold mine in French Guiana

April 23, 2019 / www.mining.com

France's environment minister, Fran??ois de Rugy, is expected to announce in June the government's official position on a proposed open-pit gold mine and precious metals industry in French Guiana, potentially the department's largest, and it has locals divided.The Montagne d'Or gold project, a joint venture between Russian billionaire Alexey Mordashov's mining company, Nordgold, and Canadian ju...Read More

Sandvik joins forces with Codelco to take automation and digitalization underground at Chuquicamata mine

April 23, 2019 / www.mining.com

Sandvik will deliver AutoMine and OptiMine solutions to Codelco's Chuquicamata mine in Chile, creating one of the most efficient and advanced underground mines in the world.Codelco is converting its Chuquicamata mine from open cast to an underground mine as part of a 10-year strategic project to prolong its existing mines. Operations are due to start in 2019.Sandvik will deliver a highly-advanced...Read More

Surprise Profit Puts Hasbro on Track for Best Day in Years

April 23, 2019 / www.schaeffersresearch.com

The shares have broken out above their 200-day trendlineHasbro, Inc. (NASDAQ:HAS) stock gapped higher at the open this morning, after the toymaker said it swung to an unexpected first-quarter profit of 21 cents per share, while revenue of $732.5 million handily exceeded the consensus estimate. HAS cited rising sales from its franchise brands -- which include Play-Doh and Monopoly -- as well as a s...Read More

BMW to buy cobalt direct from Australia, Morocco for EV batteries

April 23, 2019 / www.mining.com

German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labour, an executive said on Tuesday.The announcement came as the London Metal Exchange (LME) launched an initiative under which it could ban or delist brands that are not responsibly sourced by 2022 to help root out metal t...Read More

Agnico bets on high grade gold as it digs in Canada's remote north

April 23, 2019 / www.mining.com

Agnico Eagle Mines is doubling down this year on Nunavut, Canada's least developed territory, betting that the high-grade gold ores and slim competition there will offset the risks of digging in the remote location in the far north.For miners desperate to shore up reserves, the choice is often between safer jurisdictions with inhospitable geographies and easier-to-reach ores in politically challen...Read More

Agnico bets on high grade gold as it digs in Canada's remote north

April 23, 2019 / www.mining.com

Agnico Eagle Mines is doubling down this year on Nunavut, Canada's least developed territory, betting that the high-grade gold ores and slim competition there will offset the risks of digging in the remote location in the far north.For miners desperate to shore up reserves, the choice is often between safer jurisdictions with inhospitable geographies and easier-to-reach ores in politically challen...Read More

Analyst Sees Promise in Outperforming Shopify Stock

April 23, 2019 / www.schaeffersresearch.com

SHOP could notch new highs again todayShopify Inc (NYSE:SHOP) scored a price-target raise to $240 from $210 at CIBC, with the brokerage firm maintaining its "outperform" rating ahead of earnings next Tuesday, April 30. CIBC said it was impressed by Shopify's improving trends in international markets and around its Plus e-commerce product, as well as its positive earnings history sinceits May 2015...Read More

Teck Resources beats profit estimates on energy business

April 23, 2019 / www.mining.com

Canadian miner Teck Resources Ltd , the world's second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices.The miner said even though commodity prices were lower than a year ago, prices rose during the first quarter and closed higher than prices at Dec. 31, 2018.The profit beat co...Read More

Teck Resources beats profit estimates on energy business

April 23, 2019 / www.mining.com

Canadian miner Teck Resources Ltd , the world's second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices.The miner said even though commodity prices were lower than a year ago, prices rose during the first quarter and closed higher than prices at Dec. 31, 2018.The profit beat co...Read More

More than 50 believed killed in collapse at Myanmar jade mine

April 23, 2019 / www.mining.com

More than 50 people were feared to have been killed in Myanmar when jade miners and machinery were buried under a mound of tailings late on Monday, a member of parliament and a rescue worker said.Three bodies had been pulled from the debris, Tin Soe, a lawmaker representing the jade-rich Hpakant area of Kachin state in the north, said on Tuesday.Deadly landslides and other accidents are common in...Read More

Stock Futures Up as Big-Cap Earnings Pour In

April 23, 2019 / www.schaeffersresearch.com

Oil prices are pointed higher, tooDow Jones Industrial Average (DJI) futures are modestly above fair value this morning, as Wall Street digests a heavy dose of blue-chip earnings. Among the winners are Coca-Cola (KO) and United Technologies (UTX), while Procter & Gamble (PG) stock seems set for a post-earnings slip. Traders are also keeping a close eye on oil prices, which continue to rise. At las...Read More

The ETF to Watch Amid Social Media Earnings Onslaught

April 23, 2019 / www.schaeffersresearch.com

It could be a week to remember for SOCL as some of its top holdings take the earnings stageEarnings season is officially underway, and while bank and healthcare stocks have dominated Wall Street's attention lately, social media stocks could soon have their "moment in the sun." With Facebook (FB), Twitter (TWTR), and Snap (SNAP) set to report earnings this coming week, we decided to crunch the numb...Read More

Ontario miners honour victims of Hollinger Mine fire

April 23, 2019 / www.mining.com

Miners in Ontario are getting together and challenging each other in a series of events to honour the victims of the Hollinger Mine fire that claimed the lives of 39 miners in Timmins in 1928.At the 2019 Ontario Mine Rescue competition, workers from 20 mines in the eastern Canadian province will test their emergency response knowledge, firefighting skills, first aid response, use of emergency equi...Read More

Benchmark Metals to start drilling campaign at Lawyers property in BC

April 23, 2019 / www.mining.com

Benchmark Metals (TSXV: BNCH) announced that on June 15, 2019, it will start a drilling program at the Lawyers gold-silver project located in British Columbia's Toodoggone Mineral District.In a media statement, the Edmonton-based firm said the drilling will focus on infill, step-out and deeper drilling to expand the current resources at the zones known as Cliff Creek and Dukes Ridge and establish...Read More

Benchmark Metals to start drilling campaign at Lawyers property in BC

April 23, 2019 / www.mining.com

Benchmark Metals (TSXV: BNCH) announced that on June 15, 2019, it will start a drilling program at the Lawyers gold-silver project located in British Columbia's Toodoggone Mineral District.In a media statement, the Edmonton-based firm said the drilling will focus on infill, step-out and deeper drilling to expand the current resources at the zones known as Cliff Creek and Dukes Ridge and establish...Read More

Ratio of small-caps and gold shows that stock-market fortitude trumps fear

April 23, 2019 / www.marketwatch.com

There is little surprise that stock investors are jittery as the U.S. extends the longest U.S. economic expansion on record and after a stratospheric 330% stock-market gain during the run, including an almost 17% year-to-date total return. Bulls insist this economic and market expansion is built like no other, meaning that its demise won't come about in a way that has taken down past bullish phase...Read More

Ratio of small-caps and gold shows that stock-market fortitude trumps fear

April 23, 2019 / www.marketwatch.com

There is little surprise that stock investors are jittery as the U.S. extends the longest U.S. economic expansion on record and after a stratospheric 330% stock-market gain during the run, including an almost 17% year-to-date total return. Bulls insist this economic and market expansion is built like no other, meaning that its demise won't come about in a way that has taken down past bullish phase...Read More

METALS-Nickel hits two-month low on improving supply and strong dollar

April 23, 2019 / www.kitco.com

* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, April 23 (Reuters) - Nickel prices hit a two-monthlow on Tuesday on signs of rising supply while the wider marketalso fell on a stronger dollar and uncertainty about the Chineseeconomy.Data showed the deficit in the global nickel market for thefirst two months of the year narrowed sharply to 5,700 tonnes,down from 24,...Read More

Inside Australia's deepest gold mine - how deep can history go at Gwalia?

April 23, 2019 / dlvr.it

Temperatures at the bottom of Australia's deepest gold mine are close to 30 degrees Celsius and the humidity is like something out of the tropics with long shifts making it a tough slog for miners.Read full newsRead More

Rogue Economist Predicts Next Bubble Burst

April 23, 2019 / www.schaeffersresearch.com

The next financial bubble burst could be so massive, it even takes out gold. One economist is making a very bold prediction.This man says that the colossal financial bubble that exists in today's economy is stretching closer and closer to its breaking point.And when it does pop -- soon, very soon -- it's not only going to take out the entire stock market... it'll absolutely crush other assets too....Read More

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