Recent News

Crystallex requests new hearing in lawsuit against Venezuela

January 19, 2018 / www.mining.com

Following the dismissal by a U.S. court of Crystallex's lawsuit against asset transfers by Venezuelan-owned refiner Citgo, the Canadian company announced that it has requested a new hearing.According to Venezuelan media, the miner filed the new request before the 3rd U.S. Circuit Court of Appeals earlier this week. The company alleges that the South American country is performing "fraudulent trans...Read More

DIARY-Government Debt Auctions to Feb 28

January 19, 2018 / www.kitco.com

Jan 20 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 22-JanBelgium OLO auction23-JanUnited States Sale of 2-year notes23-JanSpain Auction of 3- and 9-month Treasury bills23-JanUnited KingdomAuction 0 1/8% Index-linked Treasury Gilt 202623-JanGermany Auction of 2-year Treasury notes24-JanU...Read More

DIARY-Top Economic Events to March 22

January 19, 2018 / www.kitco.com

Jan 20 (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 ----------------------------------------------------------- MONDAY, JANUARY 22** BRUSSELS - ECB President Mario Draghi and executive board member Benoit Coe...Read More

#Chile orders permanent closure of @BarrickGold's Pascua-Lama project:

January 19, 2018 / bit.ly

Barrick Gold says Pascua-Lama is operating under a temporary closure plan in Chile since construction was halted in 2013.Read full newsRead More

EMERGING MARKETS-Brazil stocks hold near all-time highs; Argentina stocks fall

January 19, 2018 / www.kitco.com

(Updates prices)By Bruno FederowskiBRASILIA, Jan 19 (Reuters) - Brazilian stocks hovered near all-time highs on Friday as optimism over the country's economic prospects sustained demand for local assets, while hopes of a tie-up with Boeing Co boosted shares of Embraer SA .The benchmark Bovespa stock index rose 0.32 percent, hitting an intraday record of 81,429. The bourse was supported by blue chi...Read More

UPDATE 1-Weaker dollar adds to optimism over U.S. earnings

January 19, 2018 / www.kitco.com

(Adds American Express in paragraph 8)By Caroline ValetkevitchNEW YORK, Jan 19 (Reuters) - The dollar's drop to three-year lows this week after prolonged weakness in 2017 is expected to further boost profits at big U.S. companies when investor optimism is already high over corporate tax cuts.Investors are keeping an eye out for signs of the dollar's impact on company earnings as fourth quarter re...Read More

FTSE 100 closes on a high but latest UK stats weigh on retailers

January 19, 2018 / www.proactiveinvestors.co.uk

FTSE 100 closes higherDecember UK retail sales disappointLondon listed retailers struggleDignity shares slump on profit warning FTSE 100 closed  in positive territory - up almost 30 points at 7,730.It comes after the top tier index has had a negative week.Friday's rally was driven by a  range of stocks from various sectors, including healthcare, mining, consumer staples and fin...Read More

Why Robert Friedland is bullish on copper

January 19, 2018 / www.mining.com

After having invested $1.2 billion to develop the Kamoa-Kakula project in the Democratic Republic of Congo, it is no surprise that Ivanhoe Mines' executive chairman, Robert Friedland, is bullish on copper. The engine that drives his confidence comes in the form of electric vehicles which, according to investment manager U.S. Global Investors, need up to four times the amount of copper traditional...Read More

Why Robert Friedland is bullish on copper

January 19, 2018 / www.mining.com

After having invested $1.2 billion to develop the Kamoa-Kakula project in the Democratic Republic of Congo, it is no surprise that Ivanhoe Mines' executive chairman, Robert Friedland, is bullish on copper. The engine that drives his confidence comes in the form of electric vehicles which, according to investment manager U.S. Global Investors, need up to four times the amount of copper traditional...Read More

CANADA STOCKS-TSX rises, led by bank and railroad shares

January 19, 2018 / www.kitco.com

(Updates prices to close)* TSX closes up 68.99 points, or 0.42 percent, at 16,353.46* Nine of the index's 10 main groups end higher* Financials climb 0.6 percent, industrials gain 1.2 percent TORONTO, Jan 19 (Reuters) - Canada's main stock index rose on Friday in a broad-based rally led by financial and industrial shares, while lower oil prices weighed on energy stocks.* The Toronto Stock Exchan...Read More

Argentina stock exchange operator ends connection with futures exchange

January 19, 2018 / www.kitco.com

BUENOS AIRES, Jan 19 (Reuters) - Argentina's Bolsas y Mercados Argentinos SA exchange operator said on Friday it would end an agreement that connects its trading and settlements systems with the ROFEX futures exchange, a move traders said could reduce market liquidity.In a letter to the Buenos Aires stock exchange, BYMA said it notified ROFEX that the termination of the deals signed in 2014 and 20...Read More

Wall St Week Ahead-Where Netflix goes, Big Tech may follow

January 19, 2018 / www.kitco.com

(Updates market and adds detail on looming U.S. government shutdown)By Noel RandewichSAN FRANCISCO, Jan 19 (Reuters) - Netflix Inc's quarterly results on Monday may offer an advanced preview of whether Facebook Inc , Amazon.com Inc and other heavyweights behind much of the U.S. stock market's record-breaking rally can keep delivering.Wall Street on Friday shrugged off a looming U.S. government sh...Read More

GLOBAL MARKETS-Stocks rise as shutdown brews, bond yield at 3-1/2 yr high

January 19, 2018 / www.kitco.com

* No deal on funding bill after Trump, Schumer meet* 10-year Treasury yields highest since Sep 2014* Euro zone stock index hits 10-yr high (Updates with 10-yr Treasury yield hitting 3-1/2 yr high)By Chuck MikolajczakNEW YORK, Jan 19 (Reuters) - World equity markets climbed to a record on Friday as the U.S. dollar held near three-year lows and a U.S. government shutdown loomed, while U.S. Treasury...Read More

Speculators boost bearish bets on U.S. dollar -CFTC, Reuters

January 19, 2018 / www.kitco.com

(Adds details, table, graphic, byline)By Saqib Iqbal AhmedNEW YORK, Jan 19 (Reuters) - Speculators' net short dollar bets rose in the latest week to the largest position since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market spec...Read More

Stocks End Higher Despite Looming Government Shutdown

January 19, 2018 / www.schaeffersresearch.com

Stocks finished a seesaw session higher, with the S&P and Nasdaq picking up record highs, with help from a rally in the chip sector. Traders ultimately brushed off fears of a possible government shutdown this weekend, as the Senate showed no signs of passing a budget agreement. Even the Dow ended the day in the black, shrugging off earnings disappointments from IBM Corp (IBM) and American Express...Read More

Great Atlantic to drill for base/precious metals in New Brunswick

January 19, 2018 / www.mining.com

Great Atlantic Resources (TSXV.GR) announced that, in the spring of 2018, it will start drilling at its Porcupine base metal - precious metal - rare earth element project located in the eastern Canadian province of New Brunswick. The site is approximately 50 kilometres west of the city of Miramichi and occupies a land package of 2,830 hectares.Following the approval of a diamond drilling permit fo...Read More

Great Atlantic to drill for base/precious metals in New Brunswick

January 19, 2018 / www.mining.com

Great Atlantic Resources (TSXV.GR) announced that, in the spring of 2018, it will start drilling at its Porcupine base metal - precious metal - rare earth element project located in the eastern Canadian province of New Brunswick. The site is approximately 50 kilometres west of the city of Miramichi and occupies a land package of 2,830 hectares.Following the approval of a diamond drilling permit fo...Read More

Osprey Announces Non-brokered Private Placement for Proceeds of up to $1,000,000

January 19, 2018 / bit.ly

The Company announces that, subject to TSX Venture Exchange ('Exchange') approval, it is undertaking a non-brokered private placement comprised of up to 13,333,333 units of the Company (the 'Units') at an issue price of $0.075 per Unit for gross proceeds of up to $1,000,000 (the 'Offering').Read full newsRead More

GLOBAL MARKETS-Equities climb as shutdown brews, Treasury yields touch 3-year high

January 19, 2018 / www.kitco.com

* No deal after Trump, Schumer meet* 10-year Treasury yields highest since Sep 2014* Euro zone stock index hits 10-yr high (Updates with U.S. market close, oil settlement prices)By Chuck MikolajczakNEW YORK, Jan 19 (Reuters) - World equity markets climbed to a record on Friday as the U.S. dollar held near three-year lows and a U.S. government shutdown loomed, while U.S. Treasury yields continued t...Read More

CANADA STOCKS-TSX rises, led by financials and railroad stocks

January 19, 2018 / www.kitco.com

TORONTO, Jan 19 (Reuters) - Canada's main stock index rose on Friday in a broad-based rally that was led by financial and industrial shares, while lower oil prices weighed on energy stocks.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 68.99 points, or 0.42 percent, at 16,353.46. Nine of the index's 10 main groups ended higher. (Reporting by Fergal Smith Editing by...Read More

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