HSBC has joined an increasing list of large banks by announcing Friday it would not longer finance coal-fired plants, oil sands and arctic drilling.The move, announced by Europe's largest bank at its annual meeting as part of its new energy policy, seeks to head off criticism from investors who want the institution's actions to be aligned with the Paris Agreement, a global pact to limit greenhous...Read More
Alrosa (MCX:ALRS), the world's top diamond producer by output, saw its total production fall by 17% in the first three months of the year mainly due to the halt of its Mir underground mine and lower-grade ores processed from the Jubilee pipe.The Russian miner produced 7.4 million carats in the quarter, compared with 8.9 million carats in the same period of 2017, and 10 million carats in the pre...Read More
Frank Giustra-backed Fiore Gold (TSXV: F) announced today that its Pan Mine, located in east-central Nevada, registered a 130 per cent production growth in Q2 2018, compared to the previous quarter.The Carlin-style, open-pit, heap-leach operation generated 8,695 ounces of gold during the second fiscal quarter that ended on March 31, 2018, which allowed the company to sell 8,673 ounces of the yello...Read More
Cranbrook-based Eagle Plains Resources (TSX-V: EPL) announced today that it has acquired, by staking, the 711-hectare Slocan Graphite Project, located 32 kilometres northeast of Nelson, British Columbia.According to the company, the property hosts several large flake graphite-bearing outcrops and float occurrences known as the Tedesco Zone. Results from carbon graphite analyses ranged in grade fro...Read More
Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (15,484.32, up 29.90 points)Champion Iron Ltd. (TSX:CIA). Miner. Down one cent, or 0.91 per cent, to $1.09 on 21.03 million shares.Cenovus Energy Inc. (TSX:CVE). Oil and gas. Down 42 cents, or 3.31 per cent, to $12.28 on 6.2 million shares.Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 11 cent...Read More
If there's one word to describe market activity in 2018, it's "volatile."Forgive me for the stat barrage but...The S&P 500 saw just eight swings of 1% or more all of last year.In just the first four months of 2018, it's experienced 28 such moves - 15 increases and 13 drops of 1% or more.Meanwhile, the Dow has experienced FIVE of its 15-biggest point drops in history. That includes TWO 1,000-point...Read More
“Religion is the sigh of the oppressed creature, the heart of a heartless world, and the soul of soulless conditions. It is the opium of the people” -Karl MarxA group of researchers agrees. They think they have proven that if you have a government you don’t need religion. They concluded that “religiosity” wanes as people get more help from government programs. They th...Read More
“Religion is the sigh of the oppressed creature, the heart of a heartless world, and the soul of soulless conditions. It is the opium of the people” -Karl MarxA group of researchers agrees. They think they have proven that if you have a government you don’t need religion. They concluded that “religiosity” wanes as people get more help from government programs. They th...Read More
Johannesburg, South Africa, 17 April 2018 - Currently, one of the most debated topics influencing innovation is digitalization and its impact on the future of employment. It is met with equal parts excitement and trepidation. No matter how you look at it, digital transformation and a truly connected global economy is already upon us.Siemens (www.Siemens.com) has provided automation equipment and i...Read More
At press time, Bitcoin (BTC) is holding its head above the US$8,000 line, Bitcoin Cash is up a buoyant 10.6%, with Bitcoin Diamond trading 8.7% higher than yesterday. CLICK BELOW FOR LIVE CRYPTOCURRENCY PRICE INDEXES: Bitcoin wallet holders are hoping the world's number o...Read full newsRead More
A global trade finance platform jointly created by a consortium of banks and tech with blockchain has just completed its first live transaction.Batavia's inaugural transaction including the trading of cars from Germany to Spain, as well as textile raw materials for furniture production from Aus...Read full newsRead More
CloseGain/LossGold $1346.00-$2.60Silver$17.25+$0.07XAU85.67+0.55%HUI185.25+0.50%GDM644.15+0.01%JSE Gold1106.68+12.70USD89.87+0.25Euro123.51-0.27Yen93.31-0.05Oil$68.29-$0.1810-Year2.912%+0.035T-Bond143.71875-1.21875Dow24664.89-0.34%Nasdaq7238.06-0.78%S&P2693.13-0.57% The Metals: Gold gained $6 to $1354.60 in Asia before it dropped back to $1341.10 in late morning New York trade and then bou...Read More
Palladium bullion has surged a massive 17% in just nine trading days. From $895/oz on Friday April 6th to over $1,052/oz today (April 19th). The price surge is due to palladium being due a bounce after falling in the first quarter and now due to Russian supply concerns.In a volatile month, precious metals and commodities have been the clear winners so far, with palladium having the greatest gain...Read More
Frank Giustra-backed Fiore Gold (TSXV: F) announced today that its Pan Mine, located in east-central Nevada, registered a 130 per cent production growth in Q2 2018, compared to the previous quarter.The Carlin-style, open-pit, heap-leach operation generated 8,695 ounces of gold during the second fiscal quarter that ended on March 31, 2018, which allowed the company to sell 8,673 ounces of the yello...Read More
FTSE 100 closes up 11 pointsUS stocks slide, led by AppleShire rejects ?44bn bid from Takeda; shares surge FTSE 100 closed higher Thursday, with Irish-based drugs group Shire (LON:SHP) the top gainer, but gains were tempered by the general investor malaise.The UK blue-chip benchmark closed over 11 points at 7,328, while FTSE 250 finished up 135 points at 20,147.Brent crude was also high...Read More
Cranbrook-based Eagle Plains Resources (TSX-V: EPL) announced today that it has acquired, by staking, the 711-hectare Slocan Graphite Project, located 32 kilometres northeast of Nelson, British Columbia.According to the company, the property hosts several large flake graphite-bearing outcrops and float occurrences known as the Tedesco Zone. Results from carbon graphite analyses ranged in grade fro...Read More
Summit Therapeutics PLC's (LON:SUMM, NASDAQ:SMMT) Richard Pye tells Proactive Investors 2017 was a 'landmark' year for them however a number of critical milestones lie ahead of them.Top-line results for ezutromid, a potential breakthrough treatment for sufferers of Duchenne Muscular Dystrophy (DMD), a fatal wasting disease that affects boys are expected to be released in Q3.The read-out from the P...Read More
Morning Market Breakdown, April 19: After a Wednesday full of gains for the TSX, it struggled alongside Wall Street to stay in the green on Thursday.Read full newsRead More
Bolivia's energy minister said on Thursday the government would pick a partner to develop the country's ample lithium resource "in coming days" after narrowing the field of candidates to two firms from Russia and Germany.The South American nation hopes to sign a deal with a foreign partner after a decade of state-led development left output far short of goals for the metal, coveted by makers of ba...Read More
Asiamet Resources Ltd (LON:ARS) CEO Peter Bird caught up with Proactive's Andrew Scott while in London to meet with investors.The company remains on track to complete its bankable feasibility study at the BKM copper project by mid-year and to further develop the BKZ Polymetallic project - with a resource estimate expected in the coming weeks. Meet Peninsula Mines Ltd and Silver City Minerals...Read More