The company listed a netloss of $17.7 million, or 4 cents per share, compared to a loss of $5.3million, or a penny, in the fourth quarter of 2016. The company citedhigher income-tax expenses of $31.3 million, partially offset by improvements in otherareas. Excluding special items, thecompany posted an adjusted net loss of $13.8 million, or 3 cents, comparedto adjusted earnings of $3.3 mi...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS 39.6 METRES OF 2.45 G/T GOLD EXPANDING MOTHER LODE DEPOSIT TO THE WEST, WITH INITIAL 2018 DRILL RESULTSCorvus Gold Inc. has received initial results from the first four holes of its 2018 phase 2 Mother Lode drill program. The results are from three holes evaluating the western extension of the Mother Lode deposit and one hole evaluating the southern ex...Read More
LONDON, Feb 22 (Reuters) - The euro reversed a brief spike on Thursday and was flat on the day after minutes from a European Central Bank meeting last month showed policymakers felt it was too early to change their communication stance to signal a policy shift.The single currency was flat on the day after briefly rising 0.2 percent to the day's highs at $1.23085. Discussion over tweaking the bank'...Read More
Newmont Mining Corp.'s NEM, -1.39% shares dropped 1.5% premarket Thursday even after the company topped expectations with its fourth-quarter earnings. Here's what you need to know: EARNINGS: The gold producer reported a net loss of $534 million, or 99 cents a share. Excluding the impact of the new tax law and one-time items, the company earned 40 cents a share. Analysts polled by Thomson Reuters h...Read More
Buoyed by booming commodity prices and lower costs, Anglo American PLC doubled its net profit in 2017, slashed debt and said it would pay its highest dividend in a decade. Anglo American's results mark a decisive turnaround from two years ago, when the British mining giant, hammered by plunging commodities and hamstrung by a debt load of nearly $13 billion, began a dramatic corporate downsizing. N...Read More
Gold Short Term Elliott Wave view suggests that the yellow metal is still correcting cycle from 12.13.2017 low ($1236.30) as a double three Elliott Wave structure. Down from 1.25.2018 high ($1366.06), the decline is unfolding as a double three where Minor wave W ended at $1306.96 and Minor wave X bounce ended at $1361.81. Minor wave Y is in progress and the subdivision is also unfolding...Read More
About 50,000 ounces - or about 125 gold bars - is all that stood in the way of Newmont Mining Corp. claiming the title of world's biggest bullion producer.The Greenwood Village, Colorado-based miner said Thursday its 2017 gold production was 5.27 million ounces, ending the year in a near dead-heat with industry leader Barrick Gold Corp., which produced 5.32 million ounces.However, Newmont reitera...Read More
Global miner Anglo American (LON:AAL) was full of good news Thursday as it announced it had doubled its net profit in 2017, slashed debt and said it would pay its highest dividend in a decade, thanks mainly to rising commodity prices and lower costs.The company, the last of the world's largest miners to report annual results this month, said earnings before interest, tax, depreciation and amortiz...Read More
* Sibanye has been a dividend play with mature assets* Impairments, silicosis provision hit 2017 earnings* Troubled S. African platinum assets delivered solid performance* Share price dives 13 percent (Adds latest share moves, details)By Ed StoddardJOHANNESBURG, Feb 22 (Reuters) - Precious metals producer Sibanye-Stillwater cut off thedividend stream that has made it an investor darling after repo...Read More
Canada is the world's most attractive region for mining investment, based on the combined rankings of all its provinces and territories, the latest annual global survey of mining executives released Thursday by the Fraser Institute shows.While the Maple Leaf country overtook Australia as regional destination number one, many of its provinces and territories did not fair well this year in the po...Read More
Small, opportunistic deals will dominate the global gold mining sector again this year, analysts recently said, after Leagold Mining Corp (TSX: LMC) unveiled a $264 million bid for fellow Canadian gold miner Brio Gold Inc., according to Thomson Reuters.Six years after the last mining boom ended with billions of dollars in writedowns following over-priced mega-acquisitions, miners remain wary of bi...Read More
Officials cited 'substantial underlying economic momentum'Several cautioned about 'imbalances in financial markets'Bloomberg's Chris Condon reports that Fed officials are growing more positive on the economy.U.S. central bankers sent a strong message Wednesday that an expansion with “substantial underlying economic momentum” could sustain additional increases in interest rates this y...Read More
Small, opportunistic deals will dominate the global gold mining sector again this year, analysts recently said, after Leagold Mining Corp (TSX: LMC) unveiled a $264 million bid for fellow Canadian gold miner Brio Gold Inc., according to Thomson Reuters.Six years after the last mining boom ended with billions of dollars in writedowns following over-priced mega-acquisitions, miners remain wary of bi...Read More
Gold and Silver Shine Bright for InvestorsGold is burnishing its allure to investors in the wake of the recent market turmoil.Investors piled into VanEck’s Vectors Gold Miners exchange-traded fund last week to the tune of $529 million, the most since September 2013. The ETF holds shares of mining companies including Newmont Mining Corp. and Barrick Gold Corp. Gold meanwhile rallied after tw...Read More
Jack ChanPosted Feb 21, 2018GLD – on sell signal.***SLV – on sell signal.***GDX – on sell signal.***XGD.TO – on sell signal.***CEF – on sell signal.***GDXJ – on sell signal.***Speculation is in bull market values.Data is supportive for overall higher prices.This is a massive bottoming pattern four years in the making.SummaryLong term – on major buy signal....Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow has declined 1% or more five times in 2018, more than all of 2017.After Wednesday's close the Dow remains more than 1,800 points below its record high set on Jan. 26.After Wednesday's close the S&P 500 remains more than 170 points below its record higher set on Jan. 26. Wall Street Overview Stocks initially jumped higher&nbs...Read More
Bloomberg dollar index rises for fourth day on higher yieldsS&P 500 falls for second day after erasing gain of 1 percentThe risk of a recession is rising as central banks go too far on rate hikes, Saxo Bank's Steen Jakobsen says.U.S. stocks erased gains to end lower for a second day, while the dollar jumped with Treasury yields on speculation that the pickup in inflation signaled by data since the...Read More
"The continued presence of the U.S. Navy in the Black Sea demonstrates our enduring commitment to regional stability, maritime security of our Black Sea partners, and the Continue...Read More
Economic activity in the Eurozone slowed modestly this month, according to private sector data published Tuesday, as countries around the world adjust to the reality of a weaker U.S. dollar and persistently low inflation. IHS Markit's closely-watched Composite PMI index slipped to 57.5 in February, the group said, down from a final January tally of 58.8 but firmly above the 50-point mark t...Read More
Turkey is a beautiful country with a rich history including Greek, Roman and Muslim influences that make it one of the most fascinating places on Earth. It is literally a bridge between East and West: The mile-long Bosporus Bridge just north of Istanbul connects Europe and Asia across the Bosporus Strait.Turkey has been a magnet for direct foreign investment from abroad and dollar-denominated loan...Read More