Recent News

UPDATE 1-Liberia's new president orders review of concession agreements

February 14, 2018 / www.kitco.com

(Adds details)MONROVIA, Feb 14 (Reuters) - Liberia's new President George Weah has ordered a review of concessions entered into by previous administrations, the presidency said in a statement on Wednesday.Concessions generally cover government grants of rights, land or property. The statement said a committee would "review and ensure that all contracts entered into by the government of Liber...Read More

Singapore January exports up 13.0 pct y/y

February 14, 2018 / www.kitco.com

SINGAPORE, Feb 15 (Reuters) - Singapore's on-year non-oil domestic exports (NODX) growth rose faster than expected in January thanks to a surge in petrochemical exports, official data showed on Thursday.Exports rose 13.0 percent in January year-on-year, data fromtrade agency International Enterprise Singapore showed, accelerating from the 3.1 percent rise the month before.This was better than the...Read More

Kinross Lists 4Q Profit, Acquires Power Plants For Brazilian Mine

February 14, 2018 / www.kitco.com

(Kitco News) - Kinross Gold Corp. (TSX: K, NYSE: KGC) reported late Wednesday that the company posted a profit in the fourth quarter and acquired two hydroelectric power plants in Brazil to provide electricity to its Paracatu mine.Net earnings in the October-November period were pegged at $217.6 million, or 17 cents per share, a turnaround from a net loss of $116.5 million, or 9 cents, in the four...Read More

Kinross Lists 4Q Profit, Acquires Power Plants For Brazilian Mine

February 14, 2018 / www.kitco.com

(Kitco News) - Kinross Gold Corp. (TSX: K, NYSE: KGC) reported late Wednesday that the company posted a profit in the fourth quarter and acquired two hydroelectric power plants in Brazil to provide electricity to its Paracatu mine.Net earnings in the October-November period were pegged at $217.6 million, or 17 cents per share, a turnaround from a net loss of $116.5 million, or 9 cents, in the four...Read More

UPDATE 1-Japan's Dec machinery orders cast doubt on strength of capex

February 14, 2018 / www.kitco.com

(Adds details on forecasts)* Dec core machinery orders -11.9 pct m/m vs forecast -2.3 pct* Jan-March core machinery orders seen +0.6 pct* Data casts doubt on outlook for capital investment By Stanley WhiteTOKYO, Feb 15 (Reuters) - Japan's core machinery orders tumbled in December and companiesexpect orders to rise only marginally in January-March, raising concerns that recent gains in capital exp...Read More

Velocity Minerals Releases Introductory Video

February 14, 2018 / bit.ly

Velocity Minerals Ltd. (TSXV:VLC) has recently released an introductory video, which includes footage of drilling at the Rozino gold project in Bulgaria and its partner's gold processing facilitiesRead full newsRead More

DIARY-Government Debt Auctions to March 30

February 14, 2018 / www.kitco.com

Feb 15 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS15-FebJapan 3-month discount bill auction15-FebSpain Bond auction15-FebSwedenAuction of inflation-linked government bonds15-FebUnited KingdomAuction of 1 3/4 % Treasury Gilt 205715-FebFranceIndex-linked Securities auction16-FebJapan 1-ye...Read More

DIARY-Emerging Markets Economic Events to March 29

February 14, 2018 / www.kitco.com

Feb 15 (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-----------------------------------------------------------THURSDAY, FEBRUARY 15JAKARTA - Indonesia Central Bank board of governors meetin...Read More

DIARY-Top Economic Events to March 27

February 14, 2018 / www.kitco.com

Feb 15 (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 -----------------------------------------------------------THURSDAY, FEBRUARY 15PARIS - Participation in panel discussion by ECB executive board member and...Read More

UK watchdog slow to stop "vulture" advisers ripping off steelworkers -lawmakers

February 14, 2018 / www.kitco.com

* UK watchdog asked to ban contingent fees* Pensions Regulator told to improve information* FCA says has already taken robust action* Pensions Regulator says fulfilled main role By Huw JonesLONDON, Feb 15 (Reuters) - Britain's markets watchdog was too slow to prevent "vulture" financial advisers from ripping off steelworkers faced with critical decisions over their 14 billion pound ($19...Read More

UPDATE 1-Paulson holds stake steady in gold investments in Q4 2017 -filing

February 14, 2018 / www.kitco.com

(Adds Soros, CI Investments, gold price, market background, 13F background)By Renita D. YoungNEW YORK, Feb 14 (Reuters) - New York-based Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the fourth quarter of 2017, while other heavyweights including Soros Fund Management LLC, Jana Partners LLC and Caxton Corp all remained unexposed to the metal.Th...Read More

UPDATE 1-Paulson holds stake steady in gold investments in Q4 2017 -filing

February 14, 2018 / www.kitco.com

(Adds Soros, CI Investments, gold price, market background, 13F background)By Renita D. YoungNEW YORK, Feb 14 (Reuters) - New York-based Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the fourth quarter of 2017, while other heavyweights including Soros Fund Management LLC, Jana Partners LLC and Caxton Corp all remained unexposed to the metal.Th...Read More

UPDATE 1-Qualcomm meets Broadcom to discuss $121 bln acquisition offer

February 14, 2018 / www.kitco.com

(Adds more background on the talks)By Greg RoumeliotisFeb 14 (Reuters) - Qualcomm Inc said on Wednesday it met with Broadcom Ltd earlier in the day to discuss the latter's revised $121 billion bid, the first time the chipmakers have discussed what would be the technology sector's largest ever acquisition.The outcome of the meeting will determine whether Qualcomm, which has resisted Broadcom's tak...Read More

RPT-Japan Dec core machinery orders tumble 11.9 pct mth/mth

February 14, 2018 / www.kitco.com

(Repeats to attach to additional alert)TOKYO, Feb 15 (Reuters) - Japan's core machinery orders slid 11.9 percent in December from the previous month, government data showed on Thursday.The fall in core orders, a highly volatile data series regarded as a good indicator of capital spending in the coming six to nine months, was more than the median estimate of a 2.3 percent fall expected by economist...Read More

Japan Dec core machinery orders tumble 11.9 pct mth/mth

February 14, 2018 / www.kitco.com

TOKYO, Feb 15 (Reuters) - Japan's core machinery orders slid 11.9 percent in December from the previous month, government data showed on Thursday.The fall in core orders, a highly volatile data series regarded as a good indicator of capital spending in the coming six to nine months, was more than the median estimate of a 2.3 percent fall expected by economists in a Reuters poll.Companies surveyed...Read More

'Numerous Fatalities' At Florida High School After Ex-Student Opens Fire

February 14, 2018 / www.kitco.com

Bernie WoodallPARKLAND, Fla. (Reuters) - A former student at a Florida high school opened fire in the school on Wednesday, causing “numerous fatalities” and sending hundreds of panicked young people fleeing their classrooms before he was arrested by police, authorities said.The Broward County Sheriff’s Department said “at least 14 victims” from the shooting had been t...Read More

Gold keeps rallying, new February high

February 14, 2018 / www.fxstreet.com

The base metal benefits from massive dollar's sell-off. Spot Nearing 1,356.99, Jan 26th high and the immediate resistance. Persistent dollar's sell-off sent gold prices to their highest for this month, with spot reaching $1,355.42 a troy ounce, almost $40.00 above the low set post-US inflation data release at 1,317.37. The latest dollar's decline came as US Treasury yields reached ne...Read More

Dollar extends losses vs yen, hits fresh 15-month low

February 14, 2018 / www.kitco.com

SINGAPORE, Feb 15 (Reuters) - The dollar extended its losses against the yen and set a fresh 15-month low on Thursday, with the selling accelerating after it breached the previous day's trough.The dollar dropped below Wednesday's nadir of 106.725 yen and fell to as low as 106.42 yen , its weakest level since November 2016. The U.S. currency later pared some of its losses and was last down 0.3 perc...Read More

Barrick Reports 4Q Net Loss On Impairment But Adjusted Profit

February 14, 2018 / www.kitco.com

(Kitco News) - Barrick Gold Corp. (NYSE, TSX: ABX) reported a fourth-quarter net loss Wednesday largely due to a previously announced impairment charge, but a profit for adjusted net earnings.The world’s largest gold producer listed a net loss of $314 million, or 27 cents per share, compared to a profit of $425 million, or 36 cents, in the same period a year ago. Adjusted net earnings were $...Read More

Barrick Reports 4Q Net Loss On Impairment But Adjusted Profit

February 14, 2018 / www.kitco.com

(Kitco News) - Barrick Gold Corp. (NYSE, TSX: ABX) reported a fourth-quarter net loss Wednesday largely due to a previously announced impairment charge, but a profit for adjusted net earnings.The world’s largest gold producer listed a net loss of $314 million, or 27 cents per share, compared to a profit of $425 million, or 36 cents, in the same period a year ago. Adjusted net earnings were $...Read More

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