The company produced an upgrade to 2018 gold production. This was the only good news in the report.I review the release's negative points.The company is playing fast and loose with the solvency issue.Eldorado gold (EGO) produced third quarter results on the 25th October and held its conference call on the 26th October. All information in this review comes from the release and the conference ca...Read More
A look at the best stocks to own in November, historicallyIt's been a rough October for the stock market, with the S&P 500 on pace for its worst month since May 2010. However, if recent history is any indicator, a pair of construction & materials stocks could be on the verge of a big November rebound: Vulcan Materials Company (NYSE:VMC) and A. O. Smith Corp (NYSE:AOS). Below we take a closer look...Read More
Mr. Derek White of Ascot reports ASCOT COMPLETES ACQUISITION OF THE ADJACENT SILVER COIN PROPERTY IN NORTHWESTERN BRITISH COLUMBIAAscot Resources Ltd.has completed the previously announced purchase of the Silver Coin propertylocated immediately adjacent to Ascot's Big Missouri project in northwestern British Columbia held by Jayden Resources Inc. and Mountain Boy Minerals Ltd. Derek White, presid...Read More
Mr. Derek White of Ascot reports ASCOT COMPLETES ACQUISITION OF THE ADJACENT SILVER COIN PROPERTY IN NORTHWESTERN BRITISH COLUMBIAAscot Resources Ltd.has completed the previously announced purchase of the Silver Coin propertylocated immediately adjacent to Ascot's Big Missouri project in northwestern British Columbia held by Jayden Resources Inc. and Mountain Boy Minerals Ltd. Derek White, presid...Read More
Oct 29 (Reuters) - Chicago Federal Reserve Bank President Charles Evans on Monday did not touch on monetary policy or the U.S. economic outlook in prepared remarks to an annual summit on regional competitiveness in Chicago, in which he called for local leaders to expand work opportunities amid a tight labor market. (Writing by Ann Saphir Editing by Chizu Nomiyama) Disclaimer: The views expressed...Read More
LONDON, Oct 29 (Reuters) - Mining companies must forge new ties with partners from customers to governments as they pursue innovation and compete for talent with technology giants, Rio Tinto's chief executive said in a speech to be delivered on Tuesday.The mining industry has recovered from the deep commodity crash of 2015-16, but faces headwinds from U.S.-China trade tensions, which have dented t...Read More
LONDON, Oct 29 (Reuters) - Mining companies must forge new ties with partners from customers to governments as they pursue innovation and compete for talent with technology giants, Rio Tinto's chief executive said in a speech to be delivered on Tuesday.The mining industry has recovered from the deep commodity crash of 2015-16, but faces headwinds from U.S.-China trade tensions, which have dented t...Read More
LONDON, Oct 29 (Reuters) - Mining companies must forge new ties with partners from customers to governments as they pursue innovation and compete for talent with technology giants, Rio Tinto's chief executive said in a speech to be delivered on Tuesday.The mining industry has recovered from the deep commodity crash of 2015-16, but faces headwinds from U.S.-China trade tensions, which have dented t...Read More
"Merkel To Step Down As CDU Leader After Disastrous Election Results https://t.co/9C9m1a2oSW"Read full newsRead More
Rio Tinto Group, the world's second-biggest miner, said a pact to offload its stake in the $20 billion Simandou iron ore project in Guinea to its Chinese partner, Aluminum Corp. of China, has lapsed. Rio holds about 45% of the project, while Chinalco has about 40 percent and Guinea's government owns a 15 percent stakeThe parties had struck a non-binding agreement two years ago, when Rio said it c...Read More
Zimbabwean gold producers may suspend operations because a foreign-exchange shortage has left them with insufficient funds to cover production costs, the main industry lobby group said.Curbing output would deprive the country of a key source of export earnings as Finance Minister Mthuli Ncube tries to stabilize an economy wrecked by the misrule of former leader Robert Mugabe. Producers are only al...Read More
LONDON (Reuters) - German bond yields rose on Monday on growing political uncertainty in the euro zone’s powerhouse economy, while Italy’s borrowing costs fell sharply on relief that Standard & Poor’s left its credit rating unchanged.German Chancellor Angela Merkel has told senior members of her Christian Democrats (CDU) that she will not seek re-election as party leader at a...Read More
(Kitco News) - Largespeculators have continued to exit from their one-time large net-bearish post ingold futures, trimming this by roughly two-thirds over the course of the lasttwo reporting weeks for data compiled by the Commodity Futures TradingCommission.“The gold price continued to recover accordingly in theperiod under review,” said analysts with Commerzbank. The move has occurred...Read More
(Kitco News) - Large speculators have continued to exit from their one-time large net-bearish post in gold futures, trimming this by roughly two-thirds over the course of the last two reporting weeks for data compiled by the Commodity Futures Trading Commission.“The gold price continued to recover accordingly in the period under review,” said analysts with Commerzbank. The move has occ...Read More
DETROIT (Reuters) - U.S. auto sales likely fell slightly in October from a year earlier, when replacement demand following hurricanes Harvey and Irma boosted business, industry consultants J.D. Power and LMC Automotive said on Monday.“The year-over-year comparison is difficult as sales in October last year were inflated by vehicle replacement demand associated with Hurricanes Harvey and Irma...Read More
Oct 29 (Reuters) - Canada's main stock index bounced back from last week's sell-off to open higher on Monday, tracking gains in global stocks, partly due to relief over an unchanged rating on Italy.* At 9:30 a.m. ET (13:30 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 91.77 points, or 0.62 percent, at 14,980.03.Reporting by Amy Caren Daniel in Bengaluru; Editing by Arun Koy...Read More
Goldcorp (TSX:G) (NYSE:GG) received Monday C$5 million (about $3.8m) from the Canadian government for its Borden gold project, as part of the country's efforts to boost innovation in cleaner, more sustainable mining practices.Located near Chapleau, Ontario, about 160 km west of the company's Porcupine mine, Borden will be Canada's first fully-electric operation. By replacing all diesel mobile eq...Read More
WASHINGTON/SINGAPORE (Reuters) - Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero.The strategy is meant to cripple Iran’s oil-dependent economy and force Tehran to quash not only its nuclear ambition...Read More
Goldcorp (TSX:G) (NYSE:GG) received Monday C$5 million (about $3.8m) from the Canadian government for its Borden gold project, as part of the country's efforts to boost innovation in cleaner, more sustainable mining practices.Located near Chapleau, Ontario, about 160 km west of the company's Porcupine mine, Borden will be Canada's first fully-electric operation. By replacing all diesel mobile eq...Read More
Goldcorp (TSX:G) (NYSE:GG) received Monday C$5 million (about $3.8m) from the Canadian government for its Borden gold project, as part of the country's efforts to boost innovation in cleaner, more sustainable mining practices.Located near Chapleau, Ontario, about 160 km west of the company's Porcupine mine, Borden will be Canada's first fully-electric operation. By replacing all diesel mobile eq...Read More