Centennial, CO - May 9, 2018 -Westwater Resources, Inc. (NASDAQ: WWR) will hold a conference call to discuss its first quarter 2018 financial results and recent developments on Monday, May 14, 2018 at 1:00 p.m. Eastern Time (11:00 a.m. Mountain Time).Dial-in Numbers: +1 (800) 319-4610 (U.S. and Canada) +1 (604) 638-5340 (International)Conf...Read More
There are several "conventional" methods of trading earnings that most option traders are taught... Sponsored by TheoTradeFour times a year, publicly-listed companies are required to step up to the earnings confessional to announce revenue and earnings per share results for the prior quarter and future projections for growth going forward. These are conducted through prepared press releases and co...Read More
Two diamond drill rigs are drilling scissor holes following the discovery hit of 928m grading 0.3% copper and 0.27 grams per tonne gold (equating to 0.47% copper equivalent) from 458m.Both holes are currently said to be in mineralisation, with step-out holes planned.The discovery hole was terminated in mineralisation because the company assessed the drilling was "very slowly passing out of the sys...Read More
Ferrous scrap will increasingly replace natural resources as the main raw material to produce steel, according to the World Steel Association (Worldsteel) head of raw materials, Dr Baris Bekir ??ift??i.This is mainly due to ferrous scrap's increasing availability globally, as well as structural reforms in major steelmaking countries to increase the usage of electric-arc furnaces in the steel produ...Read More
Investing.com - Gold prices fell on Wednesday, pressured lower by strength in the dollar and Treasury yields after the U.S. withdrew from the nuclear deal with Iran, which kept prices within reach of two month lows.On Tuesday, President Donald Trump pulled the U.S. out of the international nuclear deal with Iran, raising the risk of conflict in the Middle East and a knock-on effect for global oil...Read More
SHANGHAI, May 9 (SMM) – Spot copper was mostly offered at a premium of 20-100 yuan/mt over the SHFE 1805 contract on Wednesday May 9 in the Shanghai market. This compared with a premium of 10-70 yuan/mt on the previous day. Transactions were more active than the last two days, mostly driven by restocking across downstream consumers, SMM learned. High-quality copper traded...Read More
(Kitco News) - Kinross Gold Corp. (TSX:K, NYSE: KGC) reported a rise in its adjusted first-quarter profit late Tuesday,with revenues rising on higher sales and a higher gold price.Net earnings came in at$106.1 million, or 9 cents per share, down from $134.6 million, or 11 cents, inthe first quarter of 2017. However, excluding special items, adjusted netearnings of $125.2 million, or 10 cents, were...Read More
Midas' sole focus is the Stibnite gold project in central Idaho, a historic mining area that was abandoned in the 1990s after 100 years of activity, and which the Vancouver-headquartered company's studies suggest holds the eighth largest gold reserves in the United States, as well as significant amounts of antimony, a material with flame retardant qualities.Read More
Information made public by the Canadian Broadcasting Corporation states that management at Dominion Diamond Mines is worried about the profitability of its Ekati mine, located in the Lac de Gras region of the Northwest Territories, approximately 300 kilometers northeast of Yellowknife.The CBC quotes an official who said that, given such concerns, construction of a new open pit at the mine has been...Read More
Prices for Iranian exports of steel billet and slab increased in the week to Wednesday May 9, with new deals reported by market participants. Market sentiment was negative because of US President Donald Trump's announcement yesterday that the United States would be withdrawing from the multi-lateral nuclear pact with Iran, with plans to reinstate trade sanctions. Recent...Read More
RAPAPORT... De Beers Diamond Jewellers has launched a new online store on e-commerce platform Farfetch dedicatedto its fine-jewelry collections, the company saidTuesday. The jeweler is featuring designs from its Enchanted Lotusand Talisman lines on the retail-and-fashion website, as well assome of its lower-price designs such as My First De Beers. Farfetch currentlyships to 100 countries and is av...Read More
How the S&P performs leading up to midterm electionsMidterm elections are approximately six months away. For those unfamiliar, midterms are in even-numbered years where there is not a presidential election. All 435 members of the House of Representatives are up for election, and about a third of the 100 Senate seats. This year, Democrats are expected to pick up a lot of seats in Congress, but that...Read More
HARARE – Former President Robert Mugabe will not appear before Zimbabwe's Parliament as scheduled on Wednesday to answer questions on diamond mining operations, a legislator said.Temba Mliswa, who leads the Parliamentary committee on mines, said the clerk of parliament hadn't written to Mugabe to invite him to appear.Advertisement"It has been delayed but that resolution still st...Read More
The company reported a net loss of US$7 million, or $0.02 per share, for the March quarter, which compared to a net loss of $1.5 million a year ago.Read More
RAPAPORT... Lucara Diamond Corp. recorded a loss in the first quarter aslower production and a drop in the average price led to a decline insales. Revenue fell 3% year on year to $25.4 million for the threemonths ending March 31, with the volume of goods sold down 2% to 63,317 carats,the company reported Tuesday. The average selling price slipped 1% to $401 percarat. The miner noted a n...Read More
China's domestic rebar prices fell on Wednesday May 9 amid lackluster trading due to losses on the futures market.Domestic Eastern China (Shanghai): 3,950-4,000 yuan ($620-628) per tonne, down 30 yuan per tonneNorthern China (Beijing): 3,880-3,930 yuan per tonne, down 10 yuan per tonneRebar futures maintained their downward trend today and ran at prices lower than Tuesday's settlement price of 3,6...Read More
(Kitco News) - The U.S. decision to pull out of the Iran nuclear deal means increased market volatility, and investors need to make sure “they are properly diversified,” said one analyst, adding that he sees gold rallying in the short-term.“There will be global stock market sell-offs as the world adjusts to the news,” deVere Group international investment strategist Tom Ell...Read More
SHANGHAI, May 9 (SMM) – This is a roundup of China's base metals output in April. SMM surveyed major producers in the market to obtain information for calculation.Copper: China's refined copper output came in at 737,800 mt in April, up 3.4% month on month and up 14.2% year on year, an SMM survey showed. Output in the first four months of this year stood at 2.86 million mt, up 11...Read More
RAPAPORT... A US court has named Parag Diamonds as thesuccessful bidder for the assets of A. Jaffe, one of Nirav Modi's jewelrybrands. Four prospective purchasers attended the auction on May 3,participating in several rounds of bidding, according to a filing with the USBankruptcy Court for the Southern District of New York last week. While Paragwon, Flourish City Holdings emerged as the "backup" b...Read More