Purplebricks Group PLC (LON:PURP) has seen its stock fall today after a row erupted between the online estate agent and US broker Jefferies.In a punchy 'sell' note, analysts at the US investment bank claimed Purplebricks' shares were worth just 95p - far below the 475p they were trading at the time.They cited concerns over the number of homes that actually end up getting sold through the agent, an...Read More
The stronger oil price seen in recent months was bound to encourage shale production and this week numbers from the US met predictions.In early trading on Friday, Brent crude was close to US$70 with WTI above US$66 a barrel.The strength in the market was welcomed by key players, especially the international oil companies who are reporting this month.Goldman Sachs sets aggressive targetA few major...Read More
Once again there will be some quality corporate earnings to be released in the coming week, notably from oil major BP PLC (LON:BP) and drugs giant GlaxoSmithKline plc (LON:GSK), while the first Bank of England monetary policy decision of 2018 and latest UK inflation report will also be eyed.Back in November, all but two members of the BoE's Monetary Policy Committee (MPC) voted to increase interes...Read More
Red Pine Exploration Inc. (TSXV:RPX) ("Red Pine" or the "Company") is pleased to announce that Ms. Tara Gilfillan, CPA, ICD.D has been appointed as Red Pine's Chief Financial Officer effective immediately.Read full newsRead More
Sojourn Exploration Inc. (TSXV:SOJ) ('Sojourn' or the 'Company') has joined forces and properties with Seven Devils Exploration Ltd. ('Seven Devils'), a private mineral exploration company owned by a renowned exploration team with a track record of discovery and a portfolio of exciting, early stage porphyry copper-gold projects.Read full newsRead More
BTU METALS CORP. ("BTU" or the "Company") (BTU:TSXV) reports that it is currently mid-way through the previously announced drill program at its Shakespeare Gold properties (PR November 14, 2017) including the historic Shakespeare Mine shaft.Read full newsRead More
Bob Benbow, chief executive at Chaarat Gold Holdings Ltd (LON:CGH), tells Proactive's Andrew Scott they've significantly increased the resource estimate at their Tulkubash deposit - part of the firm's project in the Kyrgyz Republic in Central Asia.The last estimate suggested there were just over 800,000 ounces of gold there, but this latest update puts that figure closer to 1mln oz. Meet Ang...Read More
Mining Capital's Alastair Ford chats about how ongoing strength in the global economy is powering mining, with mining company share prices doing well compared to a few years ago.Two elements contributing to this are more demand for metals and how much they can sell metals for -- a weaker dollar is contributing to higher metals prices.Small gold operations in the market need to factor in how sterli...Read More
Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated. Not only is the Permian basin accounting for much of the new oil production in the U.S., but a relatively small number of counties within the Permian are home to most of that action.The drilli...Read More
Tim McCarthy, chairman of ImmuPharma PLC (LON:IMM), caught up with Proactive's Andrew Scott to run through the latest on their Phase III Lupuzor study, results of which are due by the end of this quarter, as well as adding further detail to their 'follow-up' study which will allow eligible patients to continue to receive Lupuzor for another six months.The results will be gathered as an 'extension'...Read More
George Roach, chief executive of Premier African Minerals Limited (LON:PREM), tells Proactive they've found more high-grade intersections through their latest programme of step-out drilling at the Zulu lithium deposit in Zimbabwe.Two holes, 250m east of the Main Zone, intersected multiple pegmatites with average grades of 1.17% and 1.04% lithium oxide. Meet Anglo Asian Mining Plc, Condor Gol...Read More
Global miner Rio Tinto (ASX, LON:RIO) is said to be once again chasing a $5bn stake in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer, following the resolution of a long-dragged dispute between the company and the country's government over royalties in Salar de Atacama.The deal between SQM and Chile's development agency Corfo, reached last month, freed the lit...Read More
Mining Capital's Alastair Ford chats about how ongoing strength in the global economy is powering mining, with mining company share prices doing well compared to a few years ago.Two elements contributing to this are more demand for metals and how much they can sell metals for -- a weaker dollar is contributing to higher metals prices.Small gold operations in the market need to factor in how sterli...Read More
Shares in Africa-focused Gem Diamonds (LON:GEMD) got a fresh boost on Friday after the miner said sales in the fourth quarter of 2017 were higher than in the previous three months, adding it also achieved better prices for its gems.The company, which last month found the world's fifth-biggest diamond in history at its flagship Let??eng mine in Lesotho, sold 31,476 carats during the three month...Read More
Southern Copper Corp surprised the market by reporting a $287.5 million net loss in the fourth quarter on Friday, citing a $743.3 million one-time payment related to U.S. tax reform.Analysts had forecast a $419 million net profit for the company in the fourth quarter, according to Thomson Reuters I/B/E/S.The Arizona-based company, controlled by Grupo Mexico, said that without the tax adjustment it...Read More
Toronto-based Yamana Gold said on Friday that an accident at its Gualcamayo mine in Argentina resulted in two fatalities.The accident involved two employees of a local contractor traveling in a light truck on an access road at the Las Vacas exploration site, the company said, adding that no additional details were available.Read More
Precious metal miner Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Friday all the workers that were trapped since Wednesday night at its Beatrix gold mine in South Africa have been rescued.Nearly 1,000 miners got stuck underground for more than 24 hours after a storm knocked out power lines supplying electricity to Beatrix. Emergency power supply from backup generators enabled 64 employees to ret...Read More
Acacia Mining has spent$2 million to lock in the option to sell 120,000 ounces of itsgold output at $1,320 an ounce, hedging against lower prices tooffset the impact of a government ban on concentrate exports.Mining companies use theseRead full newsRead More
About 950 gold miners were stuck underground in South Africa on Thursday after a power cut, the mine's owner said, though the workers were not reported to be in immediate danger.The Sibanye-Stillwater mining company said a massive power outage caused by a storm had prevented lifts from bringingRead full newsRead More
"The problem is that we can never predict when an earthquake can strike."Read full newsRead More