(Corrects after company gave an amended figure for EBITDA ratioin paragraph 7, adds dropped word in paragraph 3)By Zandi Shabalala and Pratima DesaiLONDON, May 16 (Reuters) - Higher prices for industrialprecious metals palladium and platinum have boosted earnings atSibanye-Stillwater, enabling the miner to repay debt and plan toresume dividends next year, its chief executive Neal Fronemansaid.Siba...Read More
The two stocks are climbing the Nasdaq todayTwo biotech stocks are making noise this morning on Wall Street. First, there's Iovance Biotherapeutics Inc (NASDAQ:IOVA), up 42.2% to trade at $15.63, one of the best stocks on the Nasdaq this morning, after the company reported upbeat cancer drug data at the annual American Society of Clinical Oncology (ASCO) meeting. Analyst Biren Amin at Jefferies...Read More
Cisco Systems is eyeing a close back above the 40-day trendlineBlue chip Cisco Systems, Inc. (NASDAQ:CSCO) is up 5.1% at $55.12 this morning, after last night reporting fiscal third-quarter profit and sales that surpassed analyst estimates. The company cited router and switch sales, alongside cyber security strength, as the main catalyst behind the beat. Analysts have been quick to react to the...Read More
Azerbaijan's leading gold mining company, Anglo Asian Mining, said on Thursday its gold output rose 22% in 2018 to 72,798 ounces from 59,617 ounces in 2017.London-listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which the company holds 51%.The company said its total production of gold-equivalent ounces (GEO), which includes other metals,...Read More
Azerbaijan's leading gold mining company, Anglo Asian Mining, said on Thursday its gold output rose 22% in 2018 to 72,798 ounces from 59,617 ounces in 2017.London-listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which the company holds 51%.The company said its total production of gold-equivalent ounces (GEO), which includes other metals,...Read More
The firm reported revenue that fell below analysts' expectationsThe shares of retail stock Dillard's Inc (NYSE:DDS) are way lower this morning, after the firm reported first-quarter revenue below expectations. Plus, hedge fund Greenlight Capital dissolved its stake in the department store. As such, DDS shares have dropped 9.7% to $57.26 as a result.Dillard's stock today is now dangerously close to...Read More
African swine fever is likely to hurt demand for grains and oilseeds in the next couple of years, the chief executive of fertilizer dealer Nutrien Ltd said on Thursday, the latest threat to a sector already reeling from the U.S.-China trade war.CEO Chuck Magro, speaking at the BMO Farm to Market conference in New York, said agriculture markets will eventually correct themselves from the impact of...Read More
Chinese alumina prices have jumped to a five-month high on news that at least two refineries in the province of Shanxi are being shut down pending environmental inspections.So far the market impact seems localised.Shanghai aluminium prices have risen on concerns about the potential knock-on effect on metal production in China. Alumina is the intermediate product derived from bauxite used to smelt...Read More
Markets Trade War Gold Oil Equity markets are marginally in the red again on Thursday, with US futures in a similar position, as investors continue to weigh up the ongoing trade war threat for the global economy and markets. It’s been quite the couple of weeks on the trade war front. We’ve gone from a deal being close to done, to talks collapsing and tariffs imposed and now T...Read More
For two weeks in 2006, Australia's news cycle was dominated by the gripping and ultimately successful bid to rescue two men trapped in a collapsed gold mine. The real-life drama also unearthed an unlikely star - Bill Shorten, a union leader who's now poised to become the nation's prime minister."It was an incredible story and he made sure he was heavily involved in it," says Barry Easther, who at...Read More
Chinese tech stocks are under fire in the Trump administration's latest executive order Dow Jones Industrial Average (DJI) futures are pointed toward a positive open, as the latest quarterly earnings reports from Dow stocks Walmart (WMT) and Cisco (CSCO) exceeded analysts' expectations. Both WMT and CSCO are poised to open about 3% higher, offsetting a fresh round of U.S.-China trade tensions afte...Read More
Zimbabwe's biggest gold producer sued the country's central bank for $132 million because it has been paying for the metal in a local quasi-currency rather than U.S. dollars, highlighting the business sector's dissatisfaction with the nation's financial regime.Metallon Corp., which acquired Lonmin Plc's gold mines in Zimbabwe in 2002, wants an additional $5.8 million because the central bank preve...Read More
Zimbabwe's biggest gold producer sued the country's central bank for $132 million because it has been paying for the metal in a local quasi-currency rather than U.S. dollars, highlighting the business sector's dissatisfaction with the nation's financial regime.Metallon Corp., which acquired Lonmin Plc's gold mines in Zimbabwe in 2002, wants an additional $5.8 million because the central bank preve...Read More
With a new CEO, Veeral Rathod, who cofounded menswear fashion brand J. Hilburn, Spence Diamonds is expanding from its Canadian roots into the U.S. market offering lab-grown diamonds side-by-side with mined diamonds. For 80% of its customers, lab-growns are their choice.Read full newsRead More
USDCHF, "US Dollar vs Swiss Franc" In the H4 chart, USDCHF is expected to break the 5/8 level and then continue falling towards the support at the 3/8 one. Risk Warning: the result of previous trading operations do not guarantee the same results in the future As we can see in the H1 chart, the pair is trading below the 3/8 level. In this case, the price is expected to continue moving do...Read More
(Corrects EU election date in first par to next week (not thisweekend) * Aussie at fresh 5-month low ahead of weekend vote * Euro up as U.S. pushes auto tariffs back six months * Upcoming EU elections hangs over market* Tensions high as U.S. turns screw on China's Huawei * Aussie dollar hurt as market prices in rate cut * Swedish crown hit as risk sentiment dips * Graphic: World FX rates in 2019 B...Read More
Following the development of a reclamation program that involves the application of treated biosolids to the Central Tailings Area at the Copper Cliff nickel mine in Ontario, Vale Canada and its partner in the project, Terrapure Environmental, received an Environmental Leader Award for Project of the Year.Instead of incinerating or landfilling nutrient-rich organics, Terrapure worked with Vale to...Read More
Transition Metals (TSXV: XTM) announced this week that it has entered into an option agreement to acquire a 100% interest in the Cryderman gold property located near Shining Tree, Ontario.In order to move forward with the deal, the Sudbury-based firm has to issue $60,000 in cash and $110,000 in shares to the vendor and complete $300,000 in work over a three year period. If the company vests its in...Read More
Transition Metals (TSXV: XTM) announced this week that it has entered into an option agreement to acquire a 100% interest in the Cryderman gold property located near Shining Tree, Ontario.In order to move forward with the deal, the Sudbury-based firm has to issue $60,000 in cash and $110,000 in shares to the vendor and complete $300,000 in work over a three year period. If the company vests its in...Read More
Transition Metals (TSXV: XTM) announced this week that it has entered into an option agreement to acquire a 100% interest in the Cryderman gold property located near Shining Tree, Ontario.In order to move forward with the deal, the Sudbury-based firm has to issue $60,000 in cash and $110,000 in shares to the vendor and complete $300,000 in work over a three year period. If the company vests its in...Read More