Recent News

Kitco News Gold Survey: No Clear Consensus On Gold Price Next Week

February 23, 2018 / www.kitco.com

Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy. (Ki...Read More

Sterling steady as soft data is offset by BoE hike expectations

February 23, 2018 / www.kitco.com

* Graphic: World FX rates in 2018 * Graphic: Trade-weighted sterling since Brexit vote By Jemima KellyLONDON, Feb 23 (Reuters) - Sterling edged up against the dollar and euro on Friday but finished the week in much the same place as it had started, with weaker-than-expected economic data being offset by hawkish comments from Bank of England policymakers.The BoE's chief economist Andy Haldane told...Read More

Endeavour on track to pour first gold from Ity mine next year

February 23, 2018 / www.mining.com

Shares in Canada's Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) got a boost Friday after the company announced it was on track to pour first gold at its Ity mine in Ivory Coast by mid-2019.Company is building a plant that will add 14 years of productive life to its Ivory Coast-based gold mine.The West Africa-focused firm said the $412-million construction project to upgrade Ity remained on-time and o...Read More

Endeavour on track to pour first gold from Ity mine next year

February 23, 2018 / www.mining.com

Shares in Canada's Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) got a boost Friday after the company announced it was on track to pour first gold at its Ity mine in Ivory Coast by mid-2019.Company is building a plant that will add 14 years of productive life to its Ivory Coast-based gold mine.The West Africa-focused firm said the $412-million construction project to upgrade Ity remained on-time and o...Read More

Finnish sauna company Harvia ready to be listed - CEO

February 23, 2018 / www.kitco.com

HELSINKI, Feb 23 (Reuters) - Finnish sauna heater maker Harvia has what it takes to become a listed company, its chief executive said on Friday, adding that sales grew and profitability improved last year."Listing is a real option for us, eventually ... in terms of operation, reporting and so forth, we are ready," CEO Tapio Pajuharju told Reuters by telephone."But there's no timetab...Read More

FDA allows ContraVir to start studies to move towards Phase 3

February 23, 2018 / www.proactiveinvestors.com

CEO James Sapirstein from ContraVir Pharmaceuticals (NASDAQ: CTRV) tells Proactive Investors they will save themselves 6-8 million dollars on the non clinical side by utilizing the 505(b)(2) Regulatory Pathway to streamline the development and registration of lead asset TXL for the treatment of Chronic Hepatitis B.  Meet Scancell Holdings Plc, Advanced Blast & Ballistic Systems Ltd and TokenC...Read More

UPDATE 1-South Africa's rand firmer amid talk of a new cabinet; stocks rise

February 23, 2018 / www.kitco.com

* Ramaphosa likely to announce a new cabinet soon* Stocks rise led by banking shares (Adds detail, fresh quotes, updates figures)JOHANNESBURG, Feb 23 (Reuters) - South Africa's rand firmed on Friday amid talk that new President Cyril Ramaphosa is likely to announce a new cabinet after a party meeting over the weekend, while stocks rose led by the banking sector.Ramaphosa has said he is considering...Read More

U.S. SEC Commissioner questions complex financial products amid VIX drama

February 23, 2018 / www.kitco.com

By Pete SchroederWASHINGTON, Feb 23 (Reuters) - A Democratic commissioner at the U.S. Securities and Exchange Commission on Friday questioned the growing use of complex financial products by retail investors such as derivatives based on stock market volatility indicators that were linked to recent weeks of market turmoil.Commissioner Kara Stein questioned whether retail investors are taking risks...Read More

It's been a big month for company results and you can find all our write-ups here:

February 23, 2018 / www.mining-journal.com

Explore the leading publication for the global mining industry: Mining Journal provides an in depth analysis of the mining sector outlook and the latest developments.Read full newsRead More

CANADA STOCKS-TSX rises on gains in energy firms amid firm oil price

February 23, 2018 / www.kitco.com

(Adds details throughout on stocks and sectors; updates prices)TORONTO, Feb 23 (Reuters) - Canada's main stock index rose on Friday, helped by gains for energy companies as oil prices rose.* At 10:27 a.m. EST (15:27 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 51.43 points, or 0.33 percent, to 15,559.6.* The energy group gained 0.8 percent, with Pembina Pipeline Corp climbi...Read More

Stanley Gibbons rises on funding deal, while Kingspan slumps

February 23, 2018 / www.proactiveinvestors.co.uk

10:45 am: Stanley Gibbons  rises on funding deal, while Kingspan slumpsStamp specialist Stanley Gibbons Group Plc (LON:SGI) shares advanced 0.49p or 10%, to trade at 5.34p, as it struck a deal to bring in ?19.45mln of new investment, which will also allow it to reduce its debt facilities to ?10mln.The deal will see the investor, Phoenix UK Fund, take a 58.09% stake in the company.Engineerin...Read More

Deal wizard of South African gold mining is scaring investors

February 23, 2018 / www.mining.com

(Bloomberg) - Investors might be running out of patience with Sibanye Gold Ltd.'s colorful chief executive, Neal Froneman.The South African miner's stock plunged by a record 16 percent Thursday after the company warned it may consider selling assets, metals streams and - only as a last resort - new shares, if the recent strength in the rand persists.Sibanye is under pressure to reduce debt after...Read More

Deal wizard of South African gold mining is scaring investors

February 23, 2018 / www.mining.com

(Bloomberg) - Investors might be running out of patience with Sibanye Gold Ltd.'s colorful chief executive, Neal Froneman.The South African miner's stock plunged by a record 16 percent Thursday after the company warned it may consider selling assets, metals streams and - only as a last resort - new shares, if the recent strength in the rand persists.Sibanye is under pressure to reduce debt after...Read More

Acacia Stock On Track For Its Worst Day Ever After Dismal 2018 Forecast

February 23, 2018 / www.schaeffersresearch.com

Acacia Communications, Inc. (NASDAQ:ACIA) stock is down 18.5% to trade at $34.09, and just touched a new annual low of $33.68, after the software company posted fourth-quarter revenue that fell short of analyst estimates. The company also gave a weaker-than-expected full-year forecast for 2018. In response, Needham and D.A. Davidson downgraded the stock to "hold" and "neutral," respectively, whil...Read More

Deficits may hurt U.S. response to recessions -Fed official

February 23, 2018 / www.kitco.com

NEW YORK, Feb 23 (Reuters) - The now "large" U.S. deficits may complicate the government's ability to curb future recessions with tax and spending policies, so the Federal Reserve must depend less on fiscal policy, a top Fed policymaker said on Friday."Large deficits now may make future actions difficult" for the government, Boston Fed President Eric Rosengren said in prepared...Read More

LightHouse Group 'in a better position than ever' with strong growth in revenues and earnings

February 23, 2018 / www.proactiveinvestors.co.uk

Malcolm Streatfield, chief executive of LightHouse Group Plc (LON:LGT), tells Proactive they're a national financial adviser business which runs its affairs through three primary divisions.''One of which is Lighthouse Financial Advice which has about 150 advisers based up and down the UK and they service the 21 affinity groups that we have contracted relationships with - those being the primary tr...Read More

US STOCKS-Wall Street advances on gains in tech stocks

February 23, 2018 / www.kitco.com

* Yields on 10-year Treasury notes down for second day* General Mills to buy Blue Buffalo for $8 bln* Hewlett Packard Enterprise opens at record high* Indexes up: Dow 0.81 pct, S&P 0.72 pct, Nasdaq 0.76 pct (Updates to open)By Sruthi ShankarFeb 23 (Reuters) - Wall Street's main indexes rose on Friday, with gains in technology stocks helping claw back some of the week's losses, which were spark...Read More

Traders Scamper Back To Gold Miners ETFs

February 23, 2018 / www.marketwatch.com

Amid an uptick in equity market volatility, some traders are seeking refuge in a familiar place: gold. Market participants are also renewing their enthusiasm for some gold miners exchange traded funds (ETFs), including leveraged fare. The VanEck Vectors Gold Miners ETF GDX, +1.10% the largest non-leveraged gold miners ETF, surged nearly 4 percent last week as traders flocked to the fund. "Investor...Read More

Brazilian bank Inter files for IPO - document

February 23, 2018 / www.kitco.com

SAO PAULO, Feb 23 (Reuters) - Brazilian online bank Intermedium SA filed on Friday for an initial public offering on the Sao Paulo stock exchange, according to documents filed with Brazil's securities regulator.The bank will issue new shares and its controlling shareholders, members of Brazil's Menin family, will also sell shares.The proceeds will be used by Inter, as the bank is known, to expand...Read More

Fed should lean on rate cuts, not QE, in next recession -paper

February 23, 2018 / www.kitco.com

NEW YORK, Feb 23 (Reuters) - The Federal Reserve should focus on lowering interest rates in the face of the next recession, and avoid relying on asset purchases that are a less effective policy tool than previously thought, four top U.S. economists told a roomful of Fed officials on Friday.Their paper analyzed the efficacy of the U.S. central bank's $3.5-trillion in bond purchases in response to t...Read More

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