Newmont Mining Corp. (NYSE: NEM) says it has achieved commercial production at its Twin Creeks underground expansion project in Nevada. The Twin Creeks underground mine will add between 30,000 and 40,000 ounces of gold production per year at all-in sustaining costs of between $650 and $750 per ounce for its first five years of production, Newmont says. The new ore will also allow Newmont to p...Read More
LONDON (Reuters) - Prime Minister Theresa May has called on her Conservative Party to “stand together” over Brexit, days before a crunch meeting she hopes will overcome bitter rifts over how Britain should leave the European Union.Britain’s exit from the bloc will mark its biggest trading and foreign policy shift in almost half a century. But May has struggled to unite her minist...Read More
(Kitco News) - Gold and silvermarkets are trading with decent gains and near theirdaily highs in late-morning action Tuesday. Bullish outside markets thatinclude a lower U.S. dollar index and crude oil prices that have surged to a3.5-year high above $75.00 a barrel in Nymex futures are boosting the preciousmetals, after they dropped to multi-month lows on Monday. Bargain hunting and shortcovering...Read More
More bullish brokerage notes could come down the pike Roku Inc (NASDAQ:ROKU) stock is up 4.1% to trade at $45.07, after Oppenheimer upgraded the streaming name to "outperform" from "perform," while setting a $50 price target. The analyst in coverage believes the company's new Roku Channel feature will boost video advertising revenue. Oppenheimer's price target sits in territory Roku stock has no...Read More
By Oliver Griffin Glencore PLC (GLEN.LN) said Tuesday that its subsidiary, Glencore Ltd., has been subpoenaed by the U.S. Department of Justice to produce documents and other records regarding anticorruption and money-laundering laws. The Anglo-Swiss commodities trader said the subpoena relates to its compliance of the U.S. Foreign Corrupt Practices Act and money-laundering statutes. The requeste...Read More
Short-term ALB options appear attractive, tooMining stock Albemarle Corporation (NYSE:ALB) is trading up 2.9% today at $96.23 thanks to an upgrade at Goldman Sachs. The firm lifted its opinion on ALB shares to "buy" from "neutral," saying the sell-off in the lithium market was overdone,providing an attractive entry point to go long on the equity. This matches the general opinion on the Street, whe...Read More
Mr. Mike Mutchler reportsAMARILLO GOLD ANNOUNCES COMPLETION OF THE SALE OF AN NSR ROYALTY TO ROYAL GOLD FOR USD $10.8 MILLION Amarillo Gold Corp. has completed the previouslyannounced sale of a perpetual 1.75-per-cent net smelter return royalty on the Mara Rosa gold project to RG Royalties LLC, a wholly owned subsidiary of Royal Gold Inc., for $10.8-million (U.S.). The proceeds of the sale are ex...Read More
Mr. Mike Mutchler reportsAMARILLO GOLD ANNOUNCES COMPLETION OF THE SALE OF AN NSR ROYALTY TO ROYAL GOLD FOR USD $10.8 MILLION Amarillo Gold Corp. has completed the previouslyannounced sale of a perpetual 1.75-per-cent net smelter return royalty on the Mara Rosa gold project to RG Royalties LLC, a wholly owned subsidiary of Royal Gold Inc., for $10.8-million (U.S.). The proceeds of the sale are ex...Read More
These gold stocks are getting darn cheap, but only one is worth a look.Read full newsRead More
BERN (Reuters) - President Hassan Rouhani appeared on Tuesday to threaten to disrupt oil shipments from neighboring countries if Washington presses ahead with its goal of forcing all countries to stop buying Iranian oil.The comments, published on Iran’s presidential website on Tuesday and partially repeated at a later news conference in Switzerland, could be open to interpretation. However,...Read More
Brazilian Eike Batista, the former oil and mining billionaire who lost his fortune and spent time in jail last year for alleged corruption, will have to hang about behind bars for the next 30 years.After a corruption trial, the outspoken entrepreneur whose meteoric rise and fall made him the poster boy of a decade-long boom in Brazil that ended four years ago, was found guilty of bribing former R...Read More
Brazilian Eike Batista, the former oil and mining billionaire who lost his fortune and spent time in jail last year for alleged corruption, will have to hang about behind bars for the next 30 years.After a corruption trial, the outspoken entrepreneur whose meteoric rise and fall made him the poster boy of a decade-long boom in Brazil that ended four years ago, was found guilty of bribing former R...Read More
BRUSSELS/BERLIN (Reuters) - China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade policies at a summit later this month but is facing resistance, European officials said.In meetings in Brussels, Berlin and Beijing, senior Chinese officials, including Vice Premier Liu He and the Chinese government’s top diplomat, State C...Read More
Netflix stock has more than doubled over the past 12 monthsShares of Netflix, Inc. (NASDAQ:NFLX) are up 0.6%in pre-market trading, after Cowen and Company hiked its price target to $430 from $375 on the streaming service -- nearly 8% upside to last night's close of $398.18. Analyst John Blackledge said he sees a strong second quarter from the FAANG stock, expecting the company's growing catalog o...Read More
WASHINGTON/NEW YORK (Reuters) - U.S. President Donald Trump said he met with four potential Supreme Court justices on Monday, while a person familiar with the selection process said Trump was focused keenly on two people, although others were still in contention.Trump told reporters at the White House that he will meet with “two or three more” candidates to replace Justice Anthony Kenn...Read More
The stock market will close early today ahead of the Fourth of July holidayStocks are eyeing a strong open to today's abbreviated session, with U.S. markets set to close at 1 p.m. ET in advance of the July 4 holiday. Dow Jones Industrial Average (DJI) futures are trading 137 points above fair value, and S&P 500 Index (SPX) and Nasdaq-100 (NDX) futures are higher, too, as tech stocks look set to ex...Read More
(Reuters) - U.S. stock index futures rose on Tuesday, boosted by a jump in oil prices and early gains in big technology stocks.Oil prices climbed more than 1 percent after Libya declared force majeure on significant amounts of its supply, though rising overall U.S. and OPEC output dragged on markets. [O/R]But the specter of trade turbulence continued to loom over the markets, with President Donald...Read More
WASHINGTON/BRUSSELS (Reuters) - U.S. President Donald Trump warned the World Trade Organization on Monday that “we’ll be doing something” if the United States is not treated properly, just hours after the European Union said that U.S. automotive tariffs would hurt its own vehicle industry and prompt retaliation.Trump, speaking to reporters during a meeting with Dutch Prime Minist...Read More
LONDON (Reuters) - World stocks rose on Tuesday, supported by gains in Europe and three straight days of tech-driven rises in the United States, even though markets across Asia and especially China remained in the grip of trade turbulence.Wall Street was set for another firmer session as investors positioned for strong Silicon Valley earnings before the reporting season starts next week, while Eur...Read More
Shorts have been creating a steady stream of selling pressure on the beverage stock Beer maker Molson Coors Brewing Co (NYSE:TAP) has had a tough time on the charts, with the shares down roughly 21% year-over-year. Plus, a recent rally off the stock's May 4 multi-year low was swiftly contained in the $68-$70 region -- home to its pre-bear gap levels from early May and its 100-day moving average. W...Read More