John W Barr, executive chairman of Mosman Oil And Gas Limited (LON:MSMN), tells Proactive they produced 3,558 barrels of oil in the four months to January from its Welch project in Texas.Cash flow from the project was also positive over the period.At the Arkoma project in Oklahoma, initial oil and gas production rates from the Union Valley zone the Arkoma Stacked Pay project (12%), indicate that i...Read More
Otis Gold Corp. (the "Company" or "Otis") (TSXV:OOO) (OTC:OGLDF) is pleased to announce assay results for the final nine core holes from its 25-hole, 8,000-metre drill program at the Kilgore Project in Idaho. Seven holes encountered significant bulk-tonnage intercepts highlighted by 86.8 metres (m) grading 1.05 grams per tonne gold (g/t Au)in hole 17 OKC-366, 137.2 m grading 0.91 g/t Au in hole 17...Read More
U.S. stocks have once again erased steep losses, and are now charging higher. Several individual names are making volatile moves, as well, including FAANG stock Netflix, Inc. (NASDAQ:NFLX), cloud communications platform Twilio Inc (NYSE:TWLO), and biotech stock DBV Technologies (NASDAQ:DBVT). Here's a closer look at what shares of NFLX, TWLO, and DBVT are reacting to today.NFLX Stock Has Been Ta...Read More
Tom Becker, president and chief executive of Iofina plc (LON:IOF), tells Proactive construction's complete and they've now begun production at their IO#7 IOsorb (R) plant.The site in Oklahoma, USA has undergone hydrostatic testing and evaluations of its systems and is currently processing iodine rich brine water. Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd. and Harvest Minerals...Read More
MUMBAI, Feb 15 (Reuters) - Indian wireless carrier Idea Cellular on Wednesday launched a share sale to institutional investors to raise up to 35 billion rupees ($546 million) ahead of its merger with Vodafone's Indian business.Idea, part of the metals-to-financials Aditya Birla conglomerate, intends to use the funds to reduce debt including loans for airwave purchases, it said in a regulatory fili...Read More
(Changes Bridgestone to Bridgewater in 11th paragraph)* Top global hedge fund shows hand on European firms* Bridgewater founder cautioned of global confidence swing* Short positions in Germany, France hit $12 billion By John O'Donnell, Maiya Keidan and Lawrence DelevingneLONDON/FRANKFURT/NEW YORK, Feb 14 (Reuters) - Bridgewater has shown its hand in Europe with a $22 billion bet against some of...Read More
BUENOS AIRES, Feb 14 (Reuters) - Argentina's central bank held its benchmark seven-day interbank lending rate at 27.25 percent on Wednesday, the monetary authority said in a statement, amid an increase in inflation expectations and "mixed signals" in prices so far this year.The central bank had lowered rates in each of the prior two decisions it had taken since the South American country...Read More
XAUUSD, H4 Gold fell from $1,333.00 to $1,318.00 after the U.S. CPI, with the contract initially taking its cue from the dollar’s move higher. Since then, prices have recovered to $1,337.60 highs as risk taking levels deteriorate, resulting in safe-haven buying. Bigger picture, the hotter CPI numbers should be supportive of gold, which has historically been seen as an inflati...Read More
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Feb 14 (Reuters) - Barrick Gold Corp reported adjusted fourth-quarter earnings on Wednesday in line with market expectations and forecast gold production dropping over the next four years with mining costs seen flat to higher.Barrick, the world's biggest gold producer, said it expects to produce between 4.5 million and 5 million ounces of gold this year at a cost of between $765 and $815 an ounce...Read More
Feb 14 (Reuters) - Barrick Gold Corp reported adjusted fourth-quarter earnings on Wednesday in line with market expectations and forecast gold production dropping over the next four years with mining costs seen flat to higher.Barrick, the world's biggest gold producer, said it expects to produce between 4.5 million and 5 million ounces of gold this year at a cost of between $765 and $815 an ounce...Read More
Mining and metals investors were piling into the sector's big names on Wednesday as gold jumped, base metals prices surged and iron ore continued to rally on optimism about global demand for raw materials ahead of a holiday week in top consumer China.Gold enjoyed its best trading since the Brexit vote in June 2016 on Wednesday. Copper bounced to above the $7,000 a tonne ($3.24 per pound) level...Read More
Mining and metals investors were piling into the sector's big names on Wednesday as gold jumped, base metals prices surged and iron ore continued to rally on optimism about global demand for raw materials ahead of a holiday week in top consumer China.Gold enjoyed its best trading since the Brexit vote in June 2016 on Wednesday. Copper bounced to above the $7,000 a tonne ($3.24 per pound) level...Read More
Mining and metals investors were piling into the sector's big names on Wednesday as gold jumped, base metals prices surged and iron ore continued to rally on optimism about global demand for raw materials ahead of a holiday week in top consumer China.Gold enjoyed its best trading since the Brexit vote in June 2016 on Wednesday. Copper bounced to above the $7,000 a tonne ($3.24 per pound) level...Read More
Feedback plc (LON:FDBK) was on the front foot after the medical imaging software company announced the appointment of David Crabb as chief executive with immediate effect.Shares rose 10.7% to 1.7p in morning trading.Crabb previously served as chief executive of software firm Cambridge Online Systems, helping to turn the company from a loss-making business to one with top-quartile financial results...Read More
• Firming Fed rate hike prospects prompt some aggressive selling. • USD fails to build on post-data up-move and helps recover lost ground. • Reviving safe-haven demand provides an additional boost. Gold quickly reversed the US CPI-led knee-jerk fall and is now headed towards the top end of its daily trading range. To...Read More
Canuc Resources Corporation (TSXV:CDA) ('Canuc' or the 'Company') is pleased to announce plans for drilling another gas well on the Thompson lease in Stevens County, West Texas.Read full newsRead More
Marcus Engelbrecht, managing director of Crusader Resources Ltd (ASX:CAS), tells Proactive's Andrew Scott they're looking to raise between US$10-15mln through a listing next month on London's AIM market.Engelbrecht says the cash will be used primarily to progress their Borborema project in Brazil. Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd. and Harvest Minerals Ltd. at our eve...Read More
(Adds HSBC in para 2 and underwriting details in para 5)By Claire Ruckin and AndrewBerlinLONDON, Feb 14 (Reuters) - More banks are poised to join a US$14bn financing backing US private equity firm Blackstone Group's acquisition of a majority stake in the Financial and Risk business of Thomson Reuters Corp , banking sources said on Wednesday. Bank of America Merrill Lynch, Citigroup and JP Morgan...Read More
(Adds background, quote, graphic)By Richard LeongNEW YORK, Feb 14 (Reuters) - U.S. interest rates futures fell on Wednesday as stronger-than-forecast increases in domestic consumer prices in January bolstered bets the Federal Reserve may raise short-term interest rates four times in 2018. Some Fed officials have insisted that stubbornly low inflation warrants a gradual pace of rate increases, eve...Read More