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SEMAFO Provides 2018 Outlook SMF.TO

February 15, 2018 / www.kitco.com

For best results when printing this announcement, please click on link below: MONTREAL, Feb. 15, 2018 (GLOBE NEWSWIRE) -- SEMAFO Inc. (TSX:SMF) (OMX:SMF)today announced 2018 production and cost guidance for its Mana and BoungouMines in Burkina Faso. All amounts are in US dollars unless otherwise stated.Highlights* Consolidated production of between 235,000 and 265,000 ounces of gold,representing a...Read More

Bitcoin Rises Above $10,000, Strategist Sees New High By July

February 15, 2018 / www.kitco.com

Gertrude Chavez-DreyfussNEW YORK (Reuters) - Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December.Bitcoin has been buffeted this year by a series of negative headlines centering around increased scrutiny by global regulators. There has also been the i...Read More

Gold Consolidates

February 15, 2018 / www.kitco.com

Gold is consolidating following the most considerable one-day price advance since August 2016. On May 18, 2017, gold gained $21 to move from $1237 to $1258. Although very respectable, the resulting $21 gain still falls five dollars short of yesterday’s net increase of $26 per ounce.Read More

Gold Consolidates

February 15, 2018 / www.kitco.com

Gold is consolidating following the most considerable one-day price advance since August 2016. On May 18, 2017, gold gained $21 to move from $1237 to $1258. Although very respectable, the resulting $21 gain still falls five dollars short of yesterday’s net increase of $26 per ounce.Read More

Australia c.bank gov: would like to see wage growth around 3.5 pct/yr

February 15, 2018 / www.kitco.com

SYDNEY, Feb 16 (Reuters) - Reserve Bank of Australia (RBA) Governor Philip Lowe said on Friday he would like to see annual wage growth of around 3.5 percent.Australia has seen a surge in jobs since the beginning of last year but wage growth is crawling near its slowest pace on record at 2.0 percent. That is putting downward pressure on consumer spending and inflation, forcing the RBA to keep inter...Read More

Homeownership among young Britons plunges compared with 20 years ago - IFS

February 15, 2018 / www.kitco.com

LONDON, Feb 16 (Reuters) - The rate of homeownership among young, middle-income adults in Britain has more than halved over the last 20 years, according to research that highlights growing generational strains in British society.Only 27 percent of Britons aged between 25 and 34 with incomes in the middle bracket for their age owned a home in 2015/16, down from 65 percent in 1995/96, the Institute...Read More

Volatility holds key to bank revenue revival from 2017 slump -survey

February 15, 2018 / www.kitco.com

By Lawrence WhiteLONDON, Feb 16 (Reuters) - Revenues at the world's 12 biggest investment banks fell to their lowest levels since 2008 last year, a survey showed on Friday, while a return to more volatile global markets in 2018 could be a mixed blessing for their business."In January banks were thinking '2018 will be bad for equities revenues but not as bad as 2017', but now with the volatili...Read More

Top banks' 2017 commodities revenue drops 42 pct to lowest since 2006

February 15, 2018 / www.kitco.com

LONDON, Feb 16 (Reuters) - Commodities-related revenue at the 12 biggest investment banks fell by 42 percent last year to its lowest since at least 2006, a report by financial industry analytics firm Coalition said on Friday.Revenue from commodity trading, selling derivatives to investors and other activities in the sector fell to $2.5 billion in 2017 from $4.3 billion the previous year, it said...Read More

DIARY-Government Debt Auctions to March 30

February 15, 2018 / www.kitco.com

Feb 16 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS16-FebJapan 1-year discount bill auction19-FebNetherlands DTC auction20-FebGermany Auction of 2-year Treasury notes20-FebSpain Auction of 3- and 9-month Treasury bills20-FebUnited States Sale of 2-year notes21-FebUnited States Sale of 2-y...Read More

DIARY-Emerging Markets Economic Events to March 29

February 15, 2018 / www.kitco.com

Feb 16 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily** Indicates new events-----------------------------------------------------------MONDAY, FEBRUARY 19SYDNEY - Speech by Michele Bullock, R...Read More

DIARY-Top Economic Events to March 27

February 15, 2018 / www.kitco.com

Feb 16 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily.** Indicates new events -----------------------------------------------------------FRIDAY, FEBRUARY 16** GRANADA, Spain - Bank of Spain Governor Luis Maria Linde to participate in...Read More

UPDATE 1-U.S. 'junk' bond funds hit by 2nd biggest cash withdrawals -Lipper

February 15, 2018 / www.kitco.com

(Adds details on funds, table, analyst quote, byline)By Trevor HunnicuttNEW YORK, Feb 15 (Reuters) - U.S. fund investors fled the riskier corners of the debt market, pulling the second-highest amount of cash on record from high-yield "junk" bonds during the latest week, Lipper data showed on Thursday.The $6.3 billion in withdrawals from the funds during the week ended Feb. 14 mark a new...Read More

UPDATE 1-MSCI asks India stock exchanges to reconsider anti-competitive measures

February 15, 2018 / www.kitco.com

(Adds background)Feb 15 (Reuters) - Global index provider MSCI Inc on Thursday "strongly suggested" that India's three main stock exchanges reconsider their anti-competitive measures that restrict the accessibility of the Indian equity market to foreign exchanges.The National Stock Exchange, BSE Ltd and Metropolitan Stock Exchange said last week that they would stop licensing products a...Read More

Outlook for rising U.S. budget deficits very problematic - Australia c.bank governor

February 15, 2018 / www.kitco.com

SYDNEY, Feb 16 (Reuters) - Reserve Bank of Australia (RBA) Governor Philip Lowe said on Friday the outlook for rising U.S. budget deficits was "very problematic."Investors are worried about the twin deficits in the United States amid a government spending splurge and large corporate tax cuts. Lowe said he would not want tax cuts in Australia to lead to higher deficits. The U.S. national...Read More

Sandstorm Gold earns $10.5-million (U.S.) in 2017

February 15, 2018 / www.stockwatch.com

Mr. Nolan Watson reportsSANDSTORM GOLD ANNOUNCES 2017 FOURTH QUARTER AND ANNUAL RESULTSSandstorm Gold Ltd. has released its results for the fourth quarter and year ended Dec. 31, 2017 (all figures in U.S. dollars). Fourth quarter highlights: Attributable gold equivalent ounces sold (1) of 12,032 ounces (Q4 2016 -- 13,245 ounces); Revenue of $15.4-million (Q4 2016 -- $16.5-million); Operating cash...Read More

Sandstorm Gold earns $10.5-million (U.S.) in 2017

February 15, 2018 / www.stockwatch.com

Mr. Nolan Watson reportsSANDSTORM GOLD ANNOUNCES 2017 FOURTH QUARTER AND ANNUAL RESULTSSandstorm Gold Ltd. has released its results for the fourth quarter and year ended Dec. 31, 2017 (all figures in U.S. dollars). Fourth quarter highlights: Attributable gold equivalent ounces sold (1) of 12,032 ounces (Q4 2016 -- 13,245 ounces); Revenue of $15.4-million (Q4 2016 -- $16.5-million); Operating cash...Read More

Panama inflation rises 0.4 pct in January

February 15, 2018 / www.kitco.com

PANAMA CITY, Feb 15 (Reuters) - Panama consumer prices rose 0.4 percent in January versus the same month a year earlier, the comptroller in the Central American country said on Thursday.In the first month of the year, prices for education, health services, hotels and restaurants rose most, according to the consumer price index.By contrast, prices for food and non-alcoholic beverages fell 1.5 perce...Read More

Pembridge Resources acquires producing copper mine in 'transformational' deal

February 15, 2018 / www.proactiveinvestors.co.uk

David Linsley, chief executive of Pembridge Resources plc (LON:PERE), tells Proactive's Andrew Scott they're set to become a cash flow generating copper producer with the acquisition of Yukon-based Minto Explorations.Currently an acquisition vehicle or SPAC, Pembridge will pay US$37.5mln in cash to vendor Capstone Mining plus shares equivalent to a 9.9% stake in the enlarged company.Pembridge will...Read More

U.S. charges Chicago trader with stealing bitcoin

February 15, 2018 / www.kitco.com

By Jonathan StempelFeb 15 (Reuters) - Federal prosecutors on Thursday charged a Chicago trader with wire fraud for allegedly stealing $2.06 million of bitcoin and litecoin from his employer.Joseph Kim, 24, is the first person facing criminal prosecution in Chicago involving the cryptocurrency trading industry, according to the office of U.S. Attorney John Lausch in that city, which announced the c...Read More

UPDATE 1-Australia central bank does not see case for near-term rate rise

February 15, 2018 / www.kitco.com

(Recasts with governor comments)By Swati PandeySYDNEY, Feb 16 (Reuters) - The Reserve Bank of Australia (RBA) expects to make only gradual progress in reducing unemployment and having inflation return to its 2-3 percent target band, signaling interest rates will stay at record lows for a while yet.The RBA has held rates at 1.50 percent since last easing in August 2016, as it seeks to strike a bal...Read More

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