Recent News

Billionaire Lundin chases base-metal buy with $3 billion budget

February 28, 2018 / www.mining.com

Sweden's billionaire Lundin family is looking to spend as much as $3 billion on a new industrial-metal asset as prices rally, before turning its attention to scouring for a new gold project.Lundin Mining Corp. is on the prowl for a long-life zinc, nickel or copper asset and would shell out $1 billion to $3 billion, Lukas Lundin said in an interview Wednesday from the BMO Global Metals & Mining Con...Read More

Australia shares poised for a weak start; NZ lower

February 28, 2018 / www.kitco.com

March 1 (Reuters) - Australian shares are expected to extend losses and open lower on Thursday following a decline in energy prices that hit U.S. stocks.The local share price index futures fell 45 points, or 0.8 percent, to 5,956, a 60-point discount to the underlying S&P/ASX 200 index close. The benchmark finished the previous session down 0.7 percent.New Zealand's benchmark S&P/NZX 50 in...Read More

UPDATE 2-Mexico central bank maintains 2018-19 growth outlook, flags inflation risks

February 28, 2018 / www.kitco.com

(Adds central bank governor's comments)By Sheky EspejoMEXICO CITY, Feb 28 (Reuters) - Mexico's central bank kept its economic growth projections for this year and next unchanged in a report released on Wednesday, but flagged risks to the inflation outlook and vowed to act in an "opportune and firm" way to keep price expectations anchored.In its quarterly report, the Banco de Mexico said...Read More

FOREX-Dollar climbs to five-week peak on U.S. rate view

February 28, 2018 / www.kitco.com

* Fed chair's testimony read as striking hawkish tone* Weaker-than-expected U.S. data fails to tarnish dollar* Euro zone inflation slows, clipping euro bulls* Yen edges higher after BoJ trims super-long JGB buying (Adds comment, updates prices in text, table)By Gertrude Chavez-DreyfussNEW YORK, Feb 28 (Reuters) - The dollar rose to five-week highs on Wednesday, bolstered by an upbeat assessment of...Read More

Vanadium flow batteries to 'revolutionise' power industry

February 28, 2018 / www.proactiveinvestors.co.uk

Bushveld Energy's Mikhail Nikomarov caught up with Proactive's Andrew Scott to update on developments with their first vanadium redox flow battery (VRFB) deployment in South Africa.The system's being deployed with Eskom, the country's national power utility, at its Research, Testing and Development Centre.He says they're expecting to deliver and commission it towards the end of Q2 this year.''It's...Read More

Fed's Kashkari: 'I Want To See The Wage Growth'

February 28, 2018 / www.kitco.com

Ann Saphir(Reuters) - A day after Federal Reserve Chair Jerome Powell told Congress a strengthening economy boosts his confidence that inflation and wages are on the rise, one of his colleagues argued for waiting on interest-rate hikes until those increases are obvious.“I want wage growth to continue to build, I want to see inflation move toward our 2-percent target, I want to see more evide...Read More

Hawk Or Dove? Fed's Powell Showed Markets Both Sides In Debut

February 28, 2018 / www.kitco.com

Howard Schneider, Lindsay DunsmuirWASHINGTON (Reuters) - Financial markets barely batted an eye on Tuesday when Jerome Powell’s first public statement as Federal Reserve chief saw daylight, interpreting it as a steady-handed commitment to the U.S. central bank’s policy of gradual interest rate increases.The calm evaporated about a couple of hours later, at 10:42 a.m. EST (1542 GMT), wh...Read More

2 Stocks Soaring on Ackman News

February 28, 2018 / www.schaeffersresearch.com

U.S. stocks have traded on both sides of the aisle today, with markets last seen lower as oil prices slump. Not all the day's action is to the downside, though, with Dow stock United Technologies Corporation (NYSE:UTX), global nutrition company Herbalife Ltd. (NYSE:HLF), and Taser parent Axon Enterprise Inc (NASDAQ:AAXN) all trading higher. Here's a closer look at what shares of UTX, HLF, and AAX...Read More

Veteran Precious Metals Newsletter Writer Brien Lundin Reveals His Next Picks

February 28, 2018 / www.marketslant.com

Source: Streetwise Reports 02/27/2018With the price of gold staying firmly above $1,300/oz, Brien Lundin, editor of Gold Newsletter, discusses the state of the market and several top picks in an unlikely location.Tuvatu Project MapBrien Lundin, the well-respected editor of Gold Newsletter, is an industry veteran with over 30 years of experience. He began his career working with the visionary J...Read More

Falco Begins 2018 Donalda - Quemont East Drilling Program

February 28, 2018 / bit.ly

Falco Resources Ltd. (TSXV:FPC) ('Falco' or the 'Company') is pleased to announce that it has commenced its 2018 exploration program on the Donalda - Quemont East target. An initial program of 20 holes for a total of 20,000 metres is planned to be completed.Read full newsRead More

The world's top 10 largest gold mining companies - 2017

February 28, 2018 / www.mining.com

Gold pour at Porcupine mine. Image: GoldcorpAccording to the World Gold Council primary gold production hit another record in 2017 after nine years of growth in output, albeit at a much slower pace.Global gold production totalled roughly 105m troy ounces in 2017. Output is up 525 tonnes or nearly 17m ounces since the start of the decade.The top 10 listed, non-state owned gold miners are responsibl...Read More

The world's top 10 largest gold mining companies - 2017

February 28, 2018 / www.mining.com

Gold pour at Porcupine mine. Image: GoldcorpAccording to the World Gold Council primary gold production hit another record in 2017 after nine years of growth in output, albeit at a much slower pace.Global gold production totalled roughly 105m troy ounces in 2017. Output is up 525 tonnes or nearly 17m ounces since the start of the decade.The top 10 listed, non-state owned gold miners are responsibl...Read More

Defenx dented after downbeat trading update; is exploring funding options

February 28, 2018 / www.proactiveinvestors.co.uk

Cyber-security software firm Defenx plc (LON:DFX) is exploring funding options it revealed in a downbeat trading update.Consolidated revenues for 2017 will be materially below those in 2016, the company said.The board is now looking to implement a strategic plan, "defenx 2020", which will see the group build on its existing cloud backup product with a focus on corporate customers.Defenx said this...Read More

GLOBAL MARKETS-Dollar gains on Powell's economic outlook, stocks slip

February 28, 2018 / www.kitco.com

(Adds oil, gold settlement prices, European market close)* Dollar touches five-week high on U.S. rate outlook* Global shares slide, Tencent, Celgene lead decline* Oil falls on surprise U.S. gasoline stock build By Herbert LashNEW YORK, Feb 28 (Reuters) - The dollar rose to five-week highs on Wednesday on the prospect of tighter monetary policy and an upbeat U.S. economic outlook from the Federal...Read More

Visible Free Gold in Thin-Section from Renforth's Discovery Vein

February 28, 2018 / bit.ly

Renforth Resources Inc. (CSE - RFR) ("Renforth" or the "Company") is pleased to announce that during recently completed thin-section petrographical work on the Discovery Veins at New Alger several grains of visible free gold were reported.Read full newsRead More

PPHE Hotels putting art'otel brand on the map in London with two new properties

February 28, 2018 / www.proactiveinvestors.co.uk

Robert Henke, executive vice president of corporate affairs and customer experience at PPHE Hotels Group Plc (LON:PPH) tells Proactive they're a  hospitality company based in Amsterdam, that owns and operates different properties in a number of exciting markets throughout Europe.''What we've seen in the last year is a significant increase in leisure visitors to the London market obviously hel...Read More

Housing weakness deepens nationally as pending home sales drop 4.7 percent in January, hitting the lowest point in nearly four years

February 28, 2018 / www.cnbc.com

The housing recovery appears to be making a U-turn as mortgage rates rise amid a critically low supply of homes for sale. Pending home sales, which measure signed contracts, not closings, fell 4.7 percent in January compared with December, according to the National Association of Realtors. The weakness was nationwide, and December's reading was also revised lower. Diana Olick| @DianaOlick Publish...Read More

VIX Signal Just Flashed for the Third Time Ever

February 28, 2018 / www.schaeffersresearch.com

It's been a wild ride for the U.S. stock market, with the Dow and S&P 500 Index (SPX) set to snap its longest monthly win streaks in decades -- and the Cboe Volatility Index (VIX) on track for its best monthly gain since August 2015. Amid this volatile trading environment, the VIX premium moved to a discount for the first time since October 2016 last week, and has since swung to a more extreme rea...Read More

Goldcorp Names 4 Finalist Vying For $1 Million To #Disruptmining

February 28, 2018 / www.kitco.com

(Kitco News)- In its continued attempted to promote innovation in themining Sector, Goldcorp is giving four companies the opportunity to presenttheir ideas to #disruptmining and win $1 million in potential investmentcapital.Luis Canepari, vice-president of technology at Goldcorp(NYSE: GG, TSX: G,) said the company went through hundreds of submissions tofind the best of the best in innovation. He a...Read More

Goldcorp Names 4 Finalist Vying For $1 Million To #Disruptmining

February 28, 2018 / www.kitco.com

(Kitco News) - In its continued attempted to promote innovation in the mining Sector, Goldcorp is giving four companies the opportunity to present their ideas to #disruptmining and win $1 million in potential investment capital.Luis Canepari, vice-president of technology at Goldcorp (NYSE: GG, TSX: G,) said the company went through hundreds of submissions to find the best of the best in innovation...Read More

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