Recent News

Trump signals Kudlow is front-runner for top economic job

March 13, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. President Donald Trump signaled on Tuesday that conservative commentator Larry Kudlow is the front-runner to become the top economic adviser at the White House, though he said he was also speaking with other candidates.Kudlow, 70, a long-time friend and early supporter of Trump’s 2016 presidential campaign, would fill the vacancy at the National Economic Council c...Read More

Canyon Copper Closes Sale of Moonlight Property

March 13, 2018 / bit.ly

Canyon Copper Corp. (TSXV:CNC) is pleased to announce that it has completed the sale of the Moonlight Property to Crown Mining Corp. ("Crown").Read full newsRead More

China state planner approves coal mine in Inner Mongolia, another two in Xinjiang

March 13, 2018 / www.mining.com

March 13 (Reuters) - China's state planner said on Tuesday it has given approval for a coal mine to be built in Inner Mongolia.The mine will have an annual capacity of 6 million tonnes a year with total investment at 3.4 billion yuan ($537.84 million).The state planner said it has also given the go ahead for two other new open-pit coal mines in Xinjiang province to be built.The two coal mines in X...Read More

Reuters Insider - As dieselgate lingers, VW speeds up push into EVs

March 13, 2018 / www.kitco.com

Click the following link to watch video: Source: Reuters InsiderDescription: Volkswagen has selected partners to provide battery cells andrelated technology worth around 20 billion euros for electric-vehicle projectsin Europe and China, pushing ahead with a shift to zero-emission cars. IvorBennett reports.Short Link: Disclaimer: The views expressed in this article are those of the author and may n...Read More

ArcelorMittal Canada steelmaker not seeking government aid -CEO

March 13, 2018 / www.mining.com

HAMILTON, Ontario, March 13 (Reuters) - ArcelorMittal Dofasco's chief executive said on Tuesday the company was not seeking Canadian government aid as the domestic steel industry faces uncertainty after U.S. President Donald Trump provided temporary tariff relief on steel imports.Sean Donnelly, who heads Canada's largest steel manufacturer, added in an interview that the Canadian government must p...Read More

Analyst Note Rocks GE; Drug Stock Pops on FDA Nod

March 13, 2018 / www.schaeffersresearch.com

Stocks have given back their early gains following the shake-up in President Trump's cabinet. Among individual names making notable moves are chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD), Dow component General Electric Company (NYSE:GE), and biotech Proteostasis Therapeutics Inc (NASDAQ:PTI). Here's a quick look at what's driving shares of AMD, GE, and PTI. AMD Shares Ricochet HigherAMD...Read More

Gold 'loves any turbulence' as metal rises following Tillerson's exit

March 13, 2018 / www.cnbc.com

Gold futures edged higher on the latest shakeup in the Trump administration, with Secretary of State Rex Tillerson being replaced by CIA Director Mike Pompeo. The metal was already bid higher after investors viewed February's CPI reading as tame and no reason for the Fed to increase the pace of interest rates. "Gold loves any turbulence," said one trader. Patti Domm| @pattidomm Published 11 Hours...Read More

Barrick chairman Thornton boosts ownership with major share buy

March 13, 2018 / www.mining.com

Barrick Gold's chairman John Thornton has just given a fresh boost to the company's global employee share plan, leading by example.The boss of the world's top miner of the precious metal bought Tuesday 306,000 additional shares in the company, bringing his total share ownership position to 2,720,991 common shares.Two other directors also hiked their stake, Barrick said, including Rob Prichard - w...Read More

Barrick chairman Thornton boosts ownership with major share buy

March 13, 2018 / www.mining.com

Barrick Gold's chairman John Thornton has just given a fresh boost to the company's global employee share plan, leading by example.The boss of the world's top miner of the precious metal bought Tuesday 306,000 additional shares in the company, bringing his total share ownership position to 2,720,991 common shares.Two other directors also hiked their stake, Barrick said, including Rob Prichard - w...Read More

Barrick chairman Thornton boosts ownership with major share buy

March 13, 2018 / www.mining.com

Barrick Gold's chairman John Thornton has just given a fresh boost to the company's global employee share plan, leading by example.The boss of the world's top miner of the precious metal bought Tuesday 306,000 additional shares in the company, bringing his total share ownership position to 2,720,991 common shares.Two other directors also hiked their stake, Barrick said, including Rob Prichard - w...Read More

Spring Statement: Brexit has had less impact than feared, says OBR

March 13, 2018 / www.proactiveinvestors.co.uk

OBR revises GDP forecastsInflation set to ease over next yearBorrowing forecasts loweredHammond says Brexit talks have made progress 1.30pm: Economy has slightly more momentum in near-term, says OBRThe OBR has released a statement explaining its revised forecasts for UK economic growth.   "The economy has slightly more momentum in the near term, thanks to the unexpected strengt...Read More

Last Five Rate Hikes Has Been A Buying Opportunity Gold Investors - Saxo Bank

March 13, 2018 / www.kitco.com

(Kitco News)- If history is any guide, next week could signal asignificant buying opportunity for gold investors as long as prices hold criticalsupport above $1,285 an ounce, according to one analyst.“The five rate hikes seen so far in this current cycle allresulted in the same behavior with gold selling off ahead only to rallystrongly once the announcement was made,” Ole Hansen, head...Read More

Britain's May gets EU support, cautious backing from Trump, in showdown with Russia

March 13, 2018 / www.kitco.com

LONDON (Reuters) - Britain gave Russia until midnight on Tuesday to explain how a Soviet-era nerve agent was used against a former Russian double agent, and U.S. President Donald Trump said he would condemn Russia if British evidence incriminated Moscow.Prime Minister Theresa May, who said on Monday it was“highly likely” that Russia was behind the poisoning of Sergei Skripal and his da...Read More

Primero Announces Shareholders Vote in Favour of First Majestic Acquisition

March 13, 2018 / www.stockwatch.com

Primero Announces Shareholders Vote in Favour of Transaction With First MajesticTORONTO, ON--(Marketwired - March 13, 2018) - Primero Mining Corp. ("Primero" or the "Company") (TSX: P) and First Majestic Silver Corp. ("First Majestic") (TSX: FR)(NYSE: AG) are pleased to announce that Primero's shareholders have voted in favour of the arrangement transaction (the "Transaction") at a special meeting...Read More

Primero Announces Shareholders Vote in Favour of First Majestic Acquisition

March 13, 2018 / www.stockwatch.com

Primero Announces Shareholders Vote in Favour of Transaction With First MajesticTORONTO, ON--(Marketwired - March 13, 2018) - Primero Mining Corp. ("Primero" or the "Company") (TSX: P) and First Majestic Silver Corp. ("First Majestic") (TSX: FR)(NYSE: AG) are pleased to announce that Primero's shareholders have voted in favour of the arrangement transaction (the "Transaction") at a special meeting...Read More

U.S. general signals support for Iran nuclear deal

March 13, 2018 / www.kitco.com

WASHINGTON (Reuters) - A top U.S. general on Tuesday signaled support for the Iran nuclear deal, saying the agreement, which President Donald Trump has threatened to withdraw from, has played an important role in addressing Iran’s nuclear program.“The JCPOA addresses one of the principle threats that we deal with from Iran, so if the JCPOA goes away then we will have to have another wa...Read More

Morrisons is not the basket case it once was

March 13, 2018 / www.proactiveinvestors.co.uk

Things have been looking up a bit of late for Morrisons, which presents its full-year results on Wednesday.The supermarket chain had a strong finish to 2017 and it came out on top alongside market leader Tesco PLC (LON:TSCO) in the latest industry sales figures.Analysts at Jefferies predict sales in 2017 rose by 4% to ?16.3bn and pre-tax profit climbed by 8% to ?366mln.Jefferies recently upgrade...Read More

Gasoline, rents curb U.S. consumer price gains in February

March 13, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. consumer prices increased marginally in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation likely will be only gradual.Strong inflation numbers in January had sparked fears that price pressures were accelerating, leading financial markets to expect a more aggressi...Read More

Gold Lifted On Some Safe-Haven Demand, Weaker U.S. Dollar

March 13, 2018 / www.kitco.com

(Kitco News) - Gold prices wereending the U.S. day session with moderate gains early Tuesday afternoon. Theprecious metals saw some safe-haven demand due to increasing concerns aboutturmoil in the Trump administration. A lower U.S. dollar index on this day alsoworked in favor of the metals bulls. April Comex gold futures were last up $5.70an ounce at $1,326.50. May Comex silver was last up $0.069...Read More

Avation PLC's 'never looked stronger' - CFO Richard Wolanski

March 13, 2018 / www.proactiveinvestors.co.uk

Richard Wolanski, CFO at Avation PLC (LON:AVAP), caught up with Proactive following the release of their first half update.The fleet is now worth over US$1bn following a spate of purchases in December.Avation started to re-jig its portfolio last June when it sold six ATR turbo-prop planes, which it replaced with its first twin-aisled jet (a Boeing 777-300ER) and three others in December.Four new a...Read More

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