Final data for the Phase 1 study is being poorly received The shares of WAVE Life Sciences Ltd (NASDAQ:WVE) are near the bottom of the Nasdaq today, after the biotech released data for its Duchenne muscular dystrophy (DMD) treatment, suvodirsen. Safety and tolerability data for the Phase 1 study appeared worse than rival Sarepta Therapeutics' (SRPT) DMD drug, eteplirsen. As a result, WVE stock is...Read More
The Spring Meeting of the World Bank and the IMF, during which the latter organization released its fresh World Economic Outlook, has just ended. What are the takeaways for the gold market? Stagnation or Acceleration after the Slowdown? In Thursday’s Gold News Monitor, we pointed out that the IMF significantly cut outlook for the Eurozone’s economic growth this year from 1.6 to 1.3 per...Read More
Cisco Systems stock has been hot in 2019Tech firm Cisco Systems, Inc. (NASDAQ:CSCO) is slightly higher in early trading, last seen up 0.5% at $56.81. Goldman Sachs removed the stock from its Americas Conviction but left its "buy" rating in place, expecting more upside thanks to the company's Cat 9k product cycle. Goldman also raised its fiscal year 2020 revenue forecast by 1.5%, and hiked its pric...Read More
It's not quite yet pistols at dawn, but Rio Tinto's polite warning to mining lobby groups that they have to acknowledge the threat of climate change is likely a sign that the industry will inevitably fracture into two camps.These factions could be described as the "green" miners, who produce the minerals essential for the transition from the age of oil to the age of electricity, and the "dirty" mi...Read More
It's not quite yet pistols at dawn, but Rio Tinto's polite warning to mining lobby groups that they have to acknowledge the threat of climate change is likely a sign that the industry will inevitably fracture into two camps.These factions could be described as the "green" miners, who produce the minerals essential for the transition from the age of oil to the age of electricity, and the "dirty" mi...Read More
UNH and JNJ stocks are creating tailwinds todayDow Jones Industrial Average (DJI) futures are trading above fair value, thanks to positive earnings reactions for blue chips UnitedHealth (UNH) and Johnson & Johnson (JNJ). Dovish comments from Boston Fed President Eric Rosengren could also be creating tailwinds, with the central banker saying last night, "It's appropriate for interest rates to be pa...Read More
A railway that carries zinc from major producers such as Glencore across Australia's Outback is expected to reopen this month, Queensland's transport minister said on Tuesday."Every resource has been made available to accelerate recovery works," Mark Bailey said in a statement. "Queensland Rail expects to reopen the full length of the 1,000-km Mount Isa line from Monday, April 29," he said.The 1,0...Read More
Takeover target Lynas Corp Ltd on Tuesday reported a 32.5 percent rise in production of rare earths oxides during the quarter, as it fends off a takeover offer from retails-to-chemicals conglomerate Wesfarmers Ltd .Output of rare earths oxides (REO) in the quarter ending March 31 was 5,444 tonnes, compared with 4,110 tonnes produced last year.Production of NdPr, or neodymium-praseodymium, rose 19....Read More
Shares in silver producer Hecla Mining (NYSE:HL) fell on Tuesday after it became public that a judge in the US state of Montana overturned the water permit approval for the company's proposed Rock Creek mine.The licence would have allowed Hecla to pump groundwater to supply the proposed copper and silver mine in the Cabinet Mountain Wilderness, an area of glaciated peaks and valleys that take thei...Read More
Shares in silver producer Hecla Mining (NYSE:HL) fell on Tuesday after it became public that a judge in the US state of Montana overturned the water permit approval for the company's proposed Rock Creek mine.The licence would have allowed Hecla to pump groundwater to supply the proposed copper and silver mine in the Cabinet Mountain Wilderness, an area of glaciated peaks and valleys that take thei...Read More
Shares in silver producer Hecla Mining (NYSE:HL) fell on Tuesday after it became public that a judge in the US state of Montana overturned the water permit approval for the company's proposed Rock Creek mine.The licence would have allowed Hecla to pump groundwater to supply the proposed copper and silver mine in the Cabinet Mountain Wilderness, an area of glaciated peaks and valleys that take thei...Read More
Gold prices could move higher later this year on the back of Fed dovishness on interest rates, purchases from central banks and lingering global uncertainties, said Martin Huxley, global head of precious metals at financial services firm INTL FCStone.Huxley told CNBC that gold could "grind higher" in the second half of the year and possibly reach $1,400 an ounce.A key factor boosting gold is the U...Read More
Nearly 100,000 call options are in open interest at the IWM April 158 strikeIt was a flattish performance last week for the iShares Russell 2000 ETF (NYSEARCA:IWM), which tracks the small-cap Russell 2000 Index (RUT), as caution about the pace of global economic growth put a damper on buying interest for the sector. But April so far has been fairly bullish for IWM, as evidenced by its month-to-dat...Read More
A report recently published by Future Market Insights predicts that the mining flotation chemicals market will reach $10 billion by 2020.Mining flotation chemicals help a certain desired mineral float out from the rock surface during the ore beneficiation process. Given that different minerals have different surface flotation characteristics, there is a variety of corresponding chemicals that prom...Read More
During a trade mission to Sierra Leone that involved a group of 29 international diamantaires and jewelers, Martin Rapaport, Chairman of the Rapaport Group, presented a proposal to the government of Sierra Leone that he believes would optimize the country's diamond industry.In a media statement, Rapaport said the proposal includes a systematic and sustainable business model that "will optimize the...Read More
During a trade mission to Sierra Leone that involved a group of 29 international diamantaires and jewelers, Martin Rapaport, Chairman of the Rapaport Group, presented a proposal to the government of Sierra Leone that he believes would optimize the country's diamond industry.In a media statement, Rapaport said the proposal includes a systematic and sustainable business model that "will optimize the...Read More
(Updates with closing prices)By Peter HobsonLONDON, April 16 (Reuters) - Zinc prices fell more than 3percent on Tuesday as a big inflow into London Metal Exchange(LME) warehouses fanned expectations that a supply deficit willsoon end.Benchmark zinc on the LME closed down 3.1 percent at$2,809.50 a tonne, the biggest daily fall since August, afterhitting a three-week low.The metal used chiefly to ga...Read More
April 15 (Reuters) - Chifeng Jilong Gold Mining Co Ltd : * SAYS IT PLANS TO BUY JILIN HAN FENG MINING TECHNOLOGIES VIA SHARE ISSUE, SHARE TRADE TO HALT FROM APRIL 16 Source text in Chinese: http://tinyurl.com/y43mo4h7 ...Read full newsRead More
* Positive economic data from U.S., China lift sentiment * Asian shares hover near 9-month peak * SPDR gold holdings slip to lowest since early Nov (Updates prices, adds comment)By Sethuraman N RApril 16 (Reuters) - Gold prices fell to a near 3-month lowon Tuesday as positive economic data from major economies stokedrisk appetite, weakening demand for safe-haven bullion. Spot gold was down 0.6perc...Read More
". @revivalgoldinc will be at Mining Journal Select on 25th - 26th June 2019, London, United Kingdom #MJSelect #MJS #Aspermont"Read full newsRead More