Rite Aid Corporation (NYSE:RAD) stock is up 11.5% in electronic trading, after grocery chain Albertsons said it will buy the parts of the drugstore that are not being sold to Walgreens Boots Alliance (WBA) -- following last year's failed merger. RAD CEO John Standley will head the combined company, which is expected to bring in roughly $83 billion in annual revenue. The deal is expected to close i...Read More
DAKAR, Feb 20 (Reuters) - Democratic Republic of Congo's President Joseph Kabila has not yet signed into law a new mining code, a senior aide said on Tuesday, as international mining companies wage a last-ditch lobbying effort against the measure.The comments by Jean-Pierre Kambila, Kabila's deputy chief of staff, come amid uncertainty about whether the president intends to sign the new code, whic...Read More
Andrew Adcock, chief marketing officer at the crowdfunding platform 'Crowd for Angels', tells Proactive's Andrew Scott they're looking to raise up to ?50mln through a 4%, 5 year bond issue with an associated token offering.The 'ANGEL' tokens are being offered to investors at no cost as a reward for investing in the bonds.Adcock says the bond & token offer is a unique opportunity - providing b...Read More
Stocks are pointed lower to kick off the shortened week, with equities on track to snap their winning streaks. Dow Jones Industrial Average (DJI) futures are down triple digits, as retail giant Walmart (WMT) takes a pre-market dive afterfourth-quarter earnings fell short of estimates. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are down as well, moving inversely to a rising U.S. d...Read More
Newmont MiningCorp. (NYSE: NEM)reports that the board of directors has declared an increase in thefourth-quarter dividend to 14 cents per share, payable on March 22 toshareholders of record at the close of business on March 8. “We’re pleased toannounce that we have raised our dividend to nearly three times higher than theprior-year quarter,” says Gary J. Goldberg, president and c...Read More
Barrick Gold's Chief Innovation Officer, Michelle Ash, has been appointed as the new chair of the Global Mining Standards and Guidelines Group (GMSG), an industry body that seeks to improve communication, facilitate collaboration and foster a more sustainable and efficient future of mining.Ash, who for the past two years served on the GMSG Leadership Council, will assume the new post in May thi...Read More
Mr. John Burzynski reportsOSISKO MINING INC. FILES EARLY WARNING REPORT Osisko Mining Inc. has filed an early earning report in respect of Canadian Orebodies Inc. as a result of the expiry of 3,231,250 warrants to purchase common shares in the capital of Canadian Orebodies held by the corporation.Immediately prior to the expiration of warrants, Osisko had ownership or control, directly or indirect...Read More
Mr. John Burzynski reportsOSISKO MINING INC. FILES EARLY WARNING REPORT Osisko Mining Inc. has filed an early earning report in respect of Canadian Orebodies Inc. as a result of the expiry of 3,231,250 warrants to purchase common shares in the capital of Canadian Orebodies held by the corporation.Immediately prior to the expiration of warrants, Osisko had ownership or control, directly or indirect...Read More
"To the degree computers were taking cues off volatility, sell programs were likely tripped, causing major losses in the equity market. And as I've cautioned before, once there is a 'trigger' to destabilize equities, the never-ending put open interest that builds up below the market month after month on equity exchange-traded funds (ETFs), such as the SPY, can become magnets. This is likely what w...Read More
OAK BROOK, Ill., Feb. 20, 2018 /PRNewswire/ -- Millennium Trust Company, LLC, (Millennium Trust) a provider of specialized custody services to advisors, financial institutions, businesses and individuals, has announced the alliance with Gold Bullion International (GBI), a leading institutional precious metals provider to individual investors and the wealth management industry.Clients of Millenniu...Read More
Mr. Sean Roosen reportsOSISKO GOLD ROYALTIES REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTSOsisko Gold Royalties Ltd. has released its results for the fourth quarter and full year 2017 and provided its 2018 guidance. Sean Roosen, chair of the board and chief executive officer, commented on the 2017 performance: "Two thousand seventeen has been a transformational year for Osisko with the acquisi...Read More
Mr. Sean Roosen reportsOSISKO GOLD ROYALTIES REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTSOsisko Gold Royalties Ltd. has released its results for the fourth quarter and full year 2017 and provided its 2018 guidance. Sean Roosen, chair of the board and chief executive officer, commented on the 2017 performance: "Two thousand seventeen has been a transformational year for Osisko with the acquisi...Read More
No surprises here; gold andequities are under pressure. After rallying six days in a row, equities areunder pressure and the pattern is consistent with a market top. All rallies toresistance levels should be sold in equities until further notice. The heavyvolume and volatility on the breaks, and more importantly the rip-you-face-offrallies, are a sell signal.Very similar to equities, goldhas ralli...Read More
(Kitco News) - Gold remains under pressure as higher bond yields have attractedflows into the U.S. dollar. The U.S. government is auctioning off a massiveamount of U.S. debt and tepid demand may push yields higher and continue tomaintain flows into the dollar. We remain neutral on the short-term optics for gold, after suggestingliquidation of long positions at the $1,358 level late last week. We l...Read More
(Kitco News) - Gold andsilver prices are solidly lower in early U.S. trading Tuesday. Higher worldgovernment bond yields and a resurgent U.S. dollar to start the U.S. tradingweek are working against the precious metals market bulls. April Comex gold futures were last down $14.70 an ounce at $1,341.40. March Comex silver waslast down $0.222 at $16.49 an ounce.Globalstock markets were mostly lower o...Read More
Gold is lowerand has been below $1,340 an ounce as the U.S. dollar appreciates, saysCommerzbank. “Yields on 10-year U.S. Treasuries are likewise rising slightly,which is presumably also weighing on the gold price,” the bank says. “Gold ineuro terms is faring somewhat better at a good ?,?1,080 per troy ounce.” Analystspoint out that silver is suffering “disproportionat...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
* Dollar index trades above last week's 3-year low* Treasuries auction seen as test of investor appetite* Short-covering seen supporting dollar* Graphic: World FX rates in 2018 By Jemima KellyLONDON, Feb 20 (Reuters) - The dollar continued its rebound from three-year lows on Tuesday, on the view that the currency was due a modest correction after a sharp decline in recent weeks, and as traders eye...Read More
Shares in NovaGold Resources (TSX: NG) got a boost Tuesday morning after the miner said that 2017 drilling results for its flagship Donlin project in Alaska, which is being developed in a 50-50 partnership with Barrick Gold (TSX, NYSE:ABX), unveiled higher gold grades than predicted by previous modeling.After completing a total of 16 core holes, the Canadian miner said it Intercepted distinct sig...Read More
Shares in NovaGold Resources (TSX: NG) got a boost Tuesday morning after the miner said that 2017 drilling results for its flagship Donlin project in Alaska, which is being developed in a 50-50 partnership with Barrick Gold (TSX, NYSE:ABX), unveiled higher gold grades than predicted by previous modeling.After completing a total of 16 core holes, the Canadian miner said it Intercepted distinct sig...Read More