IAMGOLD (TSX: IMG; NHYSE: IAG) expects to produce fewer gold ounces while incurring higher all in sustaining costs and total cash costs in 2019 compared to 2018, the company said in its year end production results and 2019 guidance.IAMGOLD produced 882,000 attributable oz. gold in 2018, achieving the higher end of its production guidance. However, the company expects its total cash costs and all...Read More
Goldman Sachs' impressive earnings release is resulting in a risk-on approach this morningDow Jones Industrial Average (DJI) futures are trading above fair value this morning, as traders digest another round of big bank earnings. Blue chip Goldman Sachs (GS) is leading the way with a huge earnings beat, sending the stock higher before the open. On top of a busy day of quarterly earnings, there's a...Read More
Alamos Gold (TSX: AGI; NYSE: AGI) produced 505,000 ounces of gold from its four mines in North America last year and expects a "similar rate of production" this year.The company anticipates production of between 480,000 and 520,000 ounces of gold in 2019 at total cash costs of between $710 and $750 per oz., down 10% from its revised 2018 guidance of $810 per oz., and all-in sustaining costs of be...Read More
Detour Gold Corp. enjoyed a strong fourth quarter - with record output of 158,200 oz. - bringing the 2018 total to 621,128 oz. of gold. The total was 9% more than for 2017.The average mining rate was 56,594 t/d, but Q4 was even better at 305,000 t/d, making it the third consecutive quarter of improvement and the most tonnes mined in a quarter since operations began. The month of December averaged...Read More
Platinum could be the dark horse among precious metals, according to a money manager at Pacific Investment Management Co.Nic Johnson, Pimco's managing director and portfolio manager for commodities, says he prefers the metal over gold. Used in autocatalysts of diesel engines and jewelry, it's near the cheapest ever relative to both bullion and palladium, after tumbling 14 percent last year.While i...Read More
ATAC Resources of Vancouver has received the final assays from the 2018 exploration program at the Rau project. Rau is located at the western end of the company's Rackla property 55 km northeast of Keno City.The company says its exploration program points toward multiple intrusive related systems on the property - of which the Rackla Pluton is only one. Intrusive polymetallic mineralization has be...Read More
Hudbay Minerals' (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, is seeking to oust the Canadian miner's chief executive officer and overhaul its board.The private-equity firm, which holds about 12% of Hudbay, wants to replace eight of the board's 10 members with its own nominees and, as part of its plan, wants former Nevsun Resources CEO, Peter Kukielski, to lead th...Read More
* Poor German data, Draghi warning, weighs on singlecurrency * UK PM May loses historic vote, no-confidence motion called * Second referendum hopes boosts pound against euro * Graphic: World FX rates in 2018 (Recasts; updates prices; adds analyst quote; changes byline,changes dateline from LONDON to NEW YORK)By Kate DuguidNEW YORK, Jan 16 (Reuters) - The dollar rose against theeuro on Wednesday as...Read More
(Updates with closing prices)By Peter HobsonLONDON, Jan 16 (Reuters) - Nickel touched a 10-week high onWednesday as falling stockpiles and a tightening of time spreadssuggested an undersupplied market.Benchmark nickel on the London Metal Exchange (LME)closed down 0.4 percent at $11,630 a tonne after reaching$11,770, its highest level since Nov. 8.The stainless steel ingredient is up around 10 perc...Read More
It's common knowledge that the third year of a presidential cycle has been bullishThe third year of a presidential cycle is well-known to be bullish for stocks. I'm not sure it's wise to expect anything typical from this administration, but below I'll be looking at the historical numbers. There are a few theories as to why the third year would be so good for stocks. Maybe investor confidence grows...Read More
Precipitate Gold (TSXV: PRG) and Everton Resources signed the final papers through which Precipitate acquired ownership of all of Everton's Dominican Republic exploration concessions, consisting of Pueblo Grande project, adjoining Barrick and Goldcorp's Pueblo Viejo gold-silver mine, and the Ponton project, located 30 kilometres east of Pueblo Grande."We are pleased to have completed our due dili...Read More
Precipitate Gold (TSXV: PRG) and Everton Resources signed the final papers through which Precipitate acquired ownership of all of Everton's Dominican Republic exploration concessions, consisting of Pueblo Grande project, adjoining Barrick and Goldcorp's Pueblo Viejo gold-silver mine, and the Ponton project, located 30 kilometres east of Pueblo Grande."We are pleased to have completed our due dili...Read More
* Cenbank keeps rates at 24 pct despite easing inflation * Investors widely expected back to hold * Some see rate cut coming in March (Adds analyst quotes, details and background)By Daren Butler and David DolanISTANBUL, Jan 16 (Reuters) - Turkey's central bank left itsbenchmark interest rate unchanged on Wednesday as expected,allaying investor fears that it could loosen policy afterinflation fell...Read More
* FTSE 100 down 0.5 pct; midcaps up 0.3 pct * Pearson falls 5.9 pct after FY forecast * Bovis Homes provides some cheer to homebuilders (Adds details, closing prices)By Josephine MasonLONDON, Jan 16 (Reuters) - Britain's blue chip stocks fellon Wednesday as a stronger pound lured investors toward cheapdomestic companies and away from exporters after Prime MinisterTheresa May's heavy Brexit defeat,...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) on Wednesday reported record gold production in 2018 of 953,504 ounces, a figure the company says was near the top end of the revised guidance of between 920,000 and 960,000 ounces.This is the 10th consecutive year the Vancouver-based miner achieves record annual production, with output this time climbing 51%, thanks to the contribution of its...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) on Wednesday reported record gold production in 2018 of 953,504 ounces, a figure the company says was near the top end of the revised guidance of between 920,000 and 960,000 ounces.This is the 10th consecutive year the Vancouver-based miner achieves record annual production, with output this time climbing 51%, thanks to the contribution of its...Read More
Published 19 Hours AgoUpdated6 Hours AgoReuters Leonhard Foeger | ReutersPalladiumrose to a record high on Wednesday on increasing demand and lower supply of the metal used in autocatalysts, while gold gained on expectations of a pause in the U.S. Federal Reserve's rate hiking cycle.Palladium jumped to an all-time high of $1,358 an ounce, and was last up 2.73 percent at $1,354.George Gero, managi...Read More
The floodgates are about to open, and early investors stand to reap some major rewards.Everyone knows: It's the casino that NEVER LOSES.And for years, the gaming industry has been stuck in a legal limbo, with black market bookies and smoky underground clubs soaking up billions in potential profits.But the floodgates are about to open to the general public.A key law outlawing online gambling across...Read More
The 50- and 200-day MAs have produced a golden (bullish) crossover - a lagging/contrary indicator Dips, if any, could be short-lived, courtesy of China's stimulus pledge and Brexit uncertainty. Gold is currently trading at $1,290, having clocked a high and low of $1,295 and $1,287 yesterday, respectively. The daily chart shows a bullish (golden) crossover between the 50- and 200-day simple m...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose Tuesday despite an earnings miss from JPMorgan Chase & Co. (JPM) . JPMorgan Chase earned $1.98 a share in the fourth quarter, missing analysts' estimates of $2.20 by a wide margin. The stock rose 0.6% after falling for most of the session.Delta Air Lines Inc. (DAL) posted fourth-qu...Read More