Mr. Shawn Wallace reportsAURYN RESOURCES ANNOUNCES CLOSING OF US$9.8 MILLION FINANCINGAuryn Resources Inc. has closed its previously announced bought deal offering, including the exercise in full of the underwriters' overallotment option.A total of 6,015,385 common shares of the company were sold at a price of $1.30 (U.S.) per share for gross proceeds of $7.8-million (U.S.).The offering was comple...Read More
Mr. Shawn Wallace reportsAURYN RESOURCES ANNOUNCES CLOSING OF US$9.8 MILLION FINANCINGAuryn Resources Inc. has closed its previously announced bought deal offering, including the exercise in full of the underwriters' overallotment option.A total of 6,015,385 common shares of the company were sold at a price of $1.30 (U.S.) per share for gross proceeds of $7.8-million (U.S.).The offering was comple...Read More
Additional price-target hikes could be on the way for the outperformerNetApp Inc. (NASDAQ:NTAP) stock is higher today, up 1.7% at $63.21,after Piper Jaffray raised its price target to $72 from $60 -- territory not charted in 17 years. After meeting with management, the analyst in coverage believes the software firm is well-positioned to take advantage of next-generation technologies, and upped hi...Read More
Getty ImagesBusiness investment in durable goods - stuff designed to last at least three years - rebounded in February after two straight declines. The numbers: Durable-goods orders jumped 3.1% in February, largely reversing a big drop at the start of the year and posting the largest gain since last summer. Business investment also rebounded in a good sign for the U.S. economy. Economists surveye...Read More
Shares in Condor Gold (LON:CNR) fell more than 2% in London on Friday after the Nicaragua-focused miner announced full year losses, partly offset by lower costs and impairments.The company, which also said it had raised ?2.5 million in a placing of about 5.1 million units to fund the final development stages of a processing plant at its La India gold project, said pre-tax loss dropped to ?3...Read More
Shares in Condor Gold (LON:CNR) fell more than 2% in London on Friday after the Nicaragua-focused miner announced full year losses, partly offset by lower costs and impairments.The company, which also said it had raised ?2.5 million in a placing of about 5.1 million units to fund the final development stages of a processing plant at its La India gold project, said pre-tax loss dropped to ?3...Read More
Shares in Condor Gold (LON:CNR) fell more than 2% in London on Friday after the Nicaragua-focused miner announced full year losses, partly offset by lower costs and impairments.The company, which also said it had raised ?2.5 million in a placing of about 5.1 million units to fund the final development stages of a processing plant at its La India gold project, said pre-tax loss dropped to ?3...Read More
There has been an increase in put buying over the past two weeksShares of Nike Inc (NYSE:NKE) are soaring, after the athletic apparel concern reported fiscal third-quarter adjusted earnings and revenue beats last night, and in response, received a fresh round of bullish brokerage notes. The most notable price-target hike came from Deutsche Bank to $76 from $75 -- an 18% premium to last night's clo...Read More
LONDON (Reuters) - A surge in U.S. short-term bank funding costs, traditionally a key gauge of stress, has grabbed the attention of investors who are trying to assess whether it has wider ramifications for international markets.The three-month London interbank offered rate (Libor) USD3MFSR= has risen rapidly, with its premium above the overnight index swap (OIS) USD3MOIS= hitting 58 basis points o...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump threatened on Friday to veto Congress’ newly passed $1.3 trillion spending bill over immigration issues, a surprise move that could force the federal government to shutdown when funding expires later in the day.On Thursday, the White House said Trump was expected to sign the bill into law.The U.S. House of Representatives and the Senate, bot...Read More
China released a list of U.S. products that could now be subject to import taxesU.S. stock futures have been bouncing between positive and negative territory, but those on the Dow Jones Industrial Average (DJI) were last seen trading below fair value. Investors are reacting to the latest trade headlines, following President Donald Trump's announcement yesterday to hit China with $60 billion in tar...Read More
KNOXVILLE, Tenn. (Reuters) - With the U.S. economy now at or near the Federal Reserve’s goals of full employment and 2-percent inflation, the U.S. central bank should continue raising interest rates gradually over the next couple of years, a Fed policymaker said on Friday.“If the economy evolves roughly as I suspect, I will likely support further increases over the course of the year,&...Read More
When Iopened my inbox on Monday, I was happy to see the news of three miner take-overdeals which could possibly be the beginning of more to come in this undervaluedsector. It is no secret to sector professionals in the mining space that gold production has peaked and global miners have beenhigh-grading, while running out of economic ore to produce. There is a dearthof quality pipeline projects at...Read More
When I opened my inbox on Monday, I was happy to see the news of three miner take-over deals which could possibly be the beginning of more to come in this undervalued sector. It is no secret to sector professionals in the mining space that gold production has peaked and global miners have been high-grading, while running out of economic ore to produce. There is a dearth of quality pipeline project...Read More
LONDON (Reuters) - A surge in U.S. short-term bank funding costs, traditionally a key gauge of stress, has grabbed the attention of investors who are trying to assess whether it has wider ramifications for international markets.The three-month London interbank offered rate (Libor) USD3MFSR= has risen rapidly, with its premium above the overnight index swap (OIS) USD3MOIS= hitting 58 basis points o...Read More
WASHINGTON (Reuters) - The top cop for U.S. consumer finance has decided not to sue a payday loan collector and is weighing whether to drop cases against three payday lenders, said five people with direct knowledge of the matter.The move shows how Mick Mulvaney, named interim head of the Consumer Financial Protection Bureau (CFPB) by U.S. President Donald Trump, is putting his mark on an agency co...Read More
LONDON (Reuters) - The threat of a global trade war sent stock markets sliding and investors rushing for the safety of currencies like the yen and government bonds on Friday, after U.S. President Donald Trump announced tariffs on up to $60 billion of Chinese goods.Another bruising week for stocks has left global equity markets heading for their first quarterly loss since early 2016 after a spike i...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) - Goldretained early-day gains after a government report Friday showing that Februaryorders for durable goods in the U.S. rose by 3.1% to $247.7 billion, led by asharp jump in orders for transportation equipment.Therise in orders reversed a 3.5% decrease in January. Consensus expectationscompiled by various news organ...Read More
(Kitco News) - Gold aresolidly higher and hit a four-week high in early U.S. trading Friday, onsafe-haven demand amid concerns the world’s two largest economies are squaringoff in a trade war. April Comex gold futures were last up $19.20 an ounce at$1,346.60. May Comex silver was last up $0.213 at $16.605 an ounce.Buystop orders in the gold and silver futures markets were triggered shortly...Read More
BRUSSELS (Reuters) - European Union leaders called on Friday for a temporary exemption from U.S. import duties on steel and aluminum to be made permanent, saying they reserved the right to respond “in a proportionate manner” to protect the bloc’s interests.The 40-day exemption granted by Washington was like U.S. President Donald Trump “putting a gun to our head”, Belg...Read More