B2Gold (TSX: BTO; NYSE: BTG) produced a record 242,020 oz. gold in 2018's third quarter, 78% higher than in the same quarter of the previous year. It attributed its success to strong performances from the Kekola mine in Mali, the Masbate mine in the Philippines and the Otjikoto mine in Namibia.The company reported $324 million in gold revenue, 110% higher than in the same quarter of the previous...Read More
Total mortgage application volume fell 4 percent last week from the previous week.Volume was 16 percent lower than a year ago.Rising interest rates are now weakening affordability further.Diana Olick| @DianaOlickPublished 13 Hours AgoUpdated10 Hours AgoCNBC.com Scott Mlyn | CNBC A man enters a Bank of America branch in New York.Rising interest rates are now clearly taking their toll on potentia...Read More
MOSCOW - Polyus, Russia's largest gold producer, on Wednesday reported third-quarter net profit down 61 percent from a year ago to $144 million due to foreign exchange losses and other non-cash items.The company controlled by Said Kerimov, son of Russian tycoon Suleiman Kerimov, has not been targeted by the U.S. sanctions against Moscow. Washington included Suleiman Kerimov and some other Russian...Read More
Mr. Greg Smith reportsCALIBRE MINING STRENGTHENS MANAGEMENT AND BOARD OF DIRECTORS Calibre Mining Corp. has appointed two seasoned mining professionals to its board of directors. Effectively immediately, Russell Ball has been appointed as executive chair and Raymond Threlkeld joins the board as a director.Concurrent with these appointments, John Reynolds has stepped down from the Calibre board an...Read More
Idaho, Utah, and Nebraska voted to expand Medicaid programsStocks are surging today, as Wall Street reacts positively to the U.S. midterm election results. The Dow Jones Industrial Average (DJI) is deep into triple-digit territory at last check -- pacing for a third straight win -- as insurance giant UnitedHealth (UNH) pops after Idaho, Utah, and Nebraska voted to expand Medicaid programs for low-...Read More
DVA is on pace for its best day of 2018Yesterday's midterm elections have several sectors moving, and dialysis service provider DaVita Inc (NYSE:DVA) is no exception. The shares are on pace for their best day since an M&A-inspired bull gap in early December, after California's Proposition 8 was defeated. The measure would have capped the rates dialysis providers charge insured patients. As such, a...Read More
What it means when S&P stocks achieve a selling climaxThe stock market last week attempted to chip away at its steep October losses, with the S&P 500 Index (SPX) enjoying its best week since March. What's more, over 10% of SPX stocks achieved a "selling climax" -- something we haven't seen since January 2016. For the uninitiated, a selling climax occurs when a stock hits a 52-week low in intraweek...Read More
Gold still has support from equity market and political uncertainty.Rising interest rates are keeping a lid on gold prices, however.Latest show of immediate-term weakness in dollar index is constructive.The return of a "risk-on" stance among equity investors and rising Treasury yields continue to weigh against gold in the immediate term. As we'll discuss in today's report, however, not all the new...Read More
(Kitco News)- A shift in the political landscape following Tuesday’s midtermelections in the U.S. is only having a material impact on gold prices as the U.S.dollar loses some momentum.As many political pundits expected, the Democratic Party regainedcontrol over the House and the Republican Party retained control over theSenate, expanding their majority by five seats. While the U.S. dollar is...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our m...Read More
BERLIN/LONDON (Reuters) - Stymied at home by Democrats determined to subvert his domestic agenda, President Donald Trump could double down on his disruptive foreign policy in the years ahead, with conflicts over trade a particular concern, politicians, diplomats and analysts in Europe said.Democrats wrested control of the U.S. House of Representatives from Trump’s Republicans in midterm elec...Read More
BERLIN (Reuters) - Pitching to succeed Angela Merkel as Christian Democrat (CDU) leader, Annegret Kramp-Karrenbauer promised on Wednesday a new chapter for Germany in which “people feel at home here” after a period of political turmoil marked by the rise of the far-right.Should she secure the CDU leadership, Kramp-Karrenbauer, 56, would be in pole position to succeed Merkel as chancell...Read More
LONDON (Reuters) - Stewart Ford, founder of now-defunct “death bonds” firm Keydata, said on Wednesday he might seek an appeal after losing a battle against Britain’s markets regulator over a record 76 million pound ($100 million) fine.Ford, who has fought the Financial Conduct Authority (FCA) and its FSA predecessor since it fast-tracked Keydata Investment Services into administr...Read More
INFN hit a record low out of the gateOptical networking equipment concern Infinera Corp. (NASDAQ:INFN) is suffering a massive sell-off in early trading, after being pummeled with bear notes following the company's third-quarter revenue miss and disappointing fourth-quarter profit outlook. No fewer than three brokerage firms have slashed their price targets on the stock, including a notable drop t...Read More
TALLAHASSEE, Fla. (Reuters) - Democrats won governorships on Tuesday in several U.S. states that supported Republican President Donald Trump in 2016 but lost high-profile races in Florida and Ohio, as voters cast ballots in dozens of gubernatorial contests across the country.The hotly contested race in Georgia, where Democrat Stacey Abrams was seeking to become the first black woman to be elected...Read More
Quarterly revenue fell short of expectations and same-store sales slumpedThe shares of Michael Kors Holdings Ltd (NYSE:KORS) have plunged 16% to trade at $48.50 -- fresh off a new annual low of $47.47. Although the retailer said fiscal second-quarter adjusted earnings arrived at $1.27 per share, more than analysts were expecting, the $1.25 billion in revenue it earned over the three-month period f...Read More
HELSINKI (Reuters) - The European Union’s Brexit negotiator Michel Barnier said on Wednesday it was impossible to say when divorce talks with Britain would be finalised and that there would be no deal agreed without a solid fix for the Irish border.“To be frank, we are not there yet. The clock is ticking. The choices need to be made now on the UK side,” Barnier told reporters aft...Read More
(Reuters) - U.S. Representative Steve King, an Iowa Republican, won re-election late Tuesday despite publicly losing a corporate supporter shortly before Election Day and being criticized by some within his own party for inflammatory remarks on immigration and race.Just days before the Nov. 6 elections, agricultural dairy cooperative Land O’Lakes pulled its support for King, saying it sought...Read More
Afghanistan selected preferred bidders for three gold and copper mines in 2012. It took the war-torn nation six years to finally sign the contracts.Afghan President Ashraf Ghani announced the deals in the past few weeks. The government took time to finalize the agreements because it wanted to ensure they were transparent and will help eliminate corruption in awarding contracts, Ghani said in an in...Read More
JOHANNESBURG (Reuters) - South Africa is likely to hold a parliamentary election in May next year, after the electoral commission announced a timeline on Wednesday, in a vote that will decide whether President Cyril Ramaphosa remains in power.The commission said the election would take place sometime between May 7 and August 5 next year but Ramaphosa, who has the final say on the date, has previou...Read More