Dunnedin Ventures Inc. (TSXV:DVI) (the 'Company' or 'Dunnedin') today announced it has identified a cluster of new, potentially diamond-bearing kimberlite targets in the south-central portion of its 100% owned Kahuna Diamond Property, Nunavut.Read full newsRead More
China has stopped updating its local version of the VIX Index, taking its latest step to prevent market turbulence and discourage speculation in equity-linked options after authorities tightened trading restrictions last week.Read full newsRead More
The finale of a quartet of blue chip banking results this week, will see majority taxpayer-owned lender Royal Bank of Scotland Group PLC release its full-year numbers on Friday.After a decade of making losses, RBS is teetering on the brink of being back in the black, having posted profits of ?1.3bn for the first nine months of 2017.However, analysts full-year estimates are pencilling in ?2...Read More
Core logging at Dumont, the world's largest undeveloped cobalt and nickel sulphide reserve. Image: RNC MineralsInvestors piled into Cobalt 27 Capital Corp (TSX-V:KBLT) and RNC Minerals (TSX:RNX) on Thursday after the companies entered into a royalty deal on all future nickel and cobalt production at RNC Minerals' Dumont project in Quebec in a deal worth $70 million.Shares in Toronto-based Cobalt...Read More
CEO David Kalergis from Diffusion Pharmaceuticals (NASDAQ:DFFN) tells Proactive Investors the company is using their technology to move more oxygen into oxygen-deprived tissues for cancer cells, as oxygen deprived cancer cells are three times more resistant to chemotherapy and radiation then normally oxygenated cancer cells.Kalergis says they have opened a phase 3 study for newly diagnosed, inoper...Read More
Are they? As usual, the FOMC minutes provoked diverse interpretations, both dovish and hawkish. Let's analyze them, separating the wheat from the chaff. What do the recent minutes really mean for the gold market?Hawks attack bullionWe have long warned investors about the hawkish treat. For example, as early as in the October edition of the Market Overview, we wrote that the Fed under Powell could...Read More
2:00 pm: Moneysupermarket slumps as it continues to lag behind the opera singer and the meerkatMoneysupermarket (LON:MONY) shares slumped, down 48.6p or 14.78% changing hands at 280.2p, after financial results fell short of expectations.The price comparison website operator also delivered a cautious outlook, with growth expected to lag its peers. Specifically, Moneysupermarket has struggled to bri...Read More
(Bloomberg) - Macquarie Group Ltd. has denied allegations that some of its brokers and wealth advisers manipulated stock prices or failed to act on client instructions regarding the collapse of Cleveland Mining Co. shares.Disgruntled investors and Cleveland Mining executives alleged at a parliamentary hearing in Melbourne on Thursday that some of Macquarie's wealth advisers ran a "pump and dump"...Read More
Mining Capital's Alastair Ford chats through latest developments at Rainbow Rare Earths (LON:RRE), Orosur Mining (LON:OMI) and Wishbone Gold (LON:WSBN).Ford also discusses recent reports that US tech giant Apple Inc (NASDAQ:AAPL) is in talks to buy long-term supplies of cobalt directly from miners for the first time.The US$870mln company is one of the biggest end-users of the metal, which is a key...Read More
JOHANNESBURG, Feb 22 (Reuters) - Precious metals producer Sibanye-Stillwater cut off the dividend stream that has made it an investor darling after reporting an attributable loss for 2017 on Thursday.Sibanye's share price fell 13 percent, underscoring disappointment among investors who have grown accustomed to hefty dividends from the Gold Fields spin-off."It's the cash flow. There is no cash to p...Read More
LONDON, Feb 22 (Reuters) - Kazakhstan-focused Kaz Minerals on Thursday reported a jump in 2017 sales and production as its main mines ramped up and said it expected its 2018 output to rise as much as 16 percent.The London-listed miner, which mainly mines copper and gold, said 2017 earnings before interest, taxes, depreciation and amortization (EBITDA) excluding special items rose to $503 million f...Read More
Alan Rommel, chief executive of Parity Group Plc (LON:PTY), tells Proactive their aim is to become a leading provider of digital services to their clients through two complimentary businesses.''The first of those is a consultancy business which focuses on larger deliverables ... higher margins, higher value, longer-term contracts ... increasingly focused on the data markets and data analytics''.''...Read More
Mr. Mark Kolebaba reportsADAMERA COMPLETES SECOND DRILL HOLE ON SE-01 TARGET SULFIDE-MAGNETITE ZONE INTERSECTEDAdamera Minerals Corp.'s second drill hole on the SE-01 VTEM target at its Cooke Mountain project in Washington State has intersected a zone of sulphides and magnetite mineralization. The drill core is currently being logged and prepared for assay. Assays are pending for both drill holes...Read More
Ignacio Salazar, chief executive of Orosur Mining Inc (LON:OMI, CVE:OMI), tells Proactive Investors they're continuing to intersect good gold mineralisation in drilling at the APTA deposit - one of five identified target areas in the Anz?? project in Colombia.Notable results to date from 17 intercepts in seven drill holes include 17.76 grams per tonne gold over 5.32 metres, 4.89 grams over 13.9 me...Read More
Eco (Atlantic) Oil & Gas Ltd (LON:ECO CVE:EOG) CEO Gil Holzman tells Proactive they've forwarded on the first batch of seismic data shot by Tullow Oil (LON:TLW) over the Orinduik field.French giant Total has an option to take a 25% working interest in Orinduik from Eco for a payment of US$12.5mln. Meet Scancell Holdings Plc, Advanced Blast & Ballistic Systems Ltd and TokenCommunities Plc...Read More
Barrick Gold (TSX, NYSE:ABX), the world's top bullion producer by volume, is stepping up efforts to hike output of the yellow metal by advancing a number of projects expected to add more than one million ounces a year starting in 2021.The Toronto-based company, which is now only 50,000 ounces - or about 125 gold bars - ahead of rival Newmont Mining (NYSE:NEM) in terms of annual production, said C...Read More
Mr. Robert Carrington reportsNEWRANGE GOLD SAMPLES UP TO 130 GRAMS GOLD, EXTENDS MERRITT ZONE AND BEGINS PHASE III DRILLING AT PAMLICO Newrange Gold Corp.'s systematic program of mapping and sampling at Pamlico has identified another very prospective, high-grade gold drill target referred to as Tom's Hammer where rock chip samples yielded up to 130 grams gold per tonne in mineralized sedimentary r...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
Anglo American's De Beers, the world's largest rough diamond producer by value, said Thursday it plans to mine precious rocks this year at a rate not seen since the 2008 global financial crisis.Delivering its preliminary financial results for 2017, the miner said it intends to dig up as much as 36 million carats this year, up from 33.5 million in 2017, thanks mainly to the participation of its ne...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