The zinc market is making a U-turn.The market shot up over the past two years, but is now in retreat. Prices have tumbled 8 percent since a peak in mid-February. On Monday, the losses deepened after data from the London Metal Exchange showed the biggest increase in inventories in almost three decades.Click here for more on the jump in zinc stockpilesHere's why the delivery matters for the global z...Read More
Ontario is investing in innovative new technology projects in Northern Ontario that will help improve mine productivity, increase operating efficiencies, and help northern businesses expand their global market reach.Michael Gravelle, Minister of Northern Development and Mines, made the announcement today while speaking about the province's thriving mining industry during the official opening of th...Read More
AMSTERDAM (Reuters) - The Dutch government said on Monday it would appoint Stef Blok as foreign minister, replacing Halbe Zijlstra, who resigned last month after admitting he had lied about a meeting with Russian President Vladimir Putin.Blok, who had intended to leave politics after serving as justice minister in the previous cabinet, is a member of Prime Minister Mark Rutte's governing VVD Party...Read More
(Reuters) - A U.S. national security panel on Sunday ordered Qualcomm Inc (QCOM.O) to put off its March 6 annual shareholder meeting by a month, delaying a long awaited showdown in the company’s attempt to fend off a takeover by Singapore-based Broadcom Ltd (AVGO.O).The order adds to signs that Broadcom’s promise to move its official base back to the United States before it completes t...Read More
VIENNA (Reuters) - A collapse of the Iran nuclear deal would be a“great loss”, the U.N. atomic watchdog’s chief warned U.S. President Donald Trump on Monday, giving a wide-ranging defense of the accord and his agency’s work under it.Trump has threatened to withdraw the United States from the accord between Tehran and six world powers, signed in 2015 before he took office, u...Read More
Mr. Josh Crumb reportsGOLDMONEY INC. ANNOUNCES NORMAL COURSE ISSUER BIDThe Toronto Stock Exchange has accepted Goldmoney Inc.'s notice of intention to make a normal course issuer bid to purchase for cancellation three million common shares of Goldmoney, representing 3.9 per cent of the issued and outstanding common shares as at March 2, 2018.As of March 2, 2018, Goldmoney had 76,779,427 common sha...Read More
Mr. Josh Crumb reportsGOLDMONEY INC. ANNOUNCES NORMAL COURSE ISSUER BIDThe Toronto Stock Exchange has accepted Goldmoney Inc.'s notice of intention to make a normal course issuer bid to purchase for cancellation three million common shares of Goldmoney, representing 3.9 per cent of the issued and outstanding common shares as at March 2, 2018.As of March 2, 2018, Goldmoney had 76,779,427 common sha...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Mr. Eric Edwards reportsTRIMETALS MINING INC. CLOSES FINAL TRANCHE OF ITS NON-BROKERED PRIVATE PLACEMENT, RAISING AN AGGREGATE OF $1,654,250 Trimetals Mining Inc. closed on March 2, 2018, the second and final tranche of its non-brokered private placement, raising gross proceeds of $442,500 from the sale of 2.95 million units priced at 15 cents per unit.In aggregate, the company sold 11,028,333 uni...Read More
Mr. Eric Edwards reportsTRIMETALS MINING INC. CLOSES FINAL TRANCHE OF ITS NON-BROKERED PRIVATE PLACEMENT, RAISING AN AGGREGATE OF $1,654,250 Trimetals Mining Inc. closed on March 2, 2018, the second and final tranche of its non-brokered private placement, raising gross proceeds of $442,500 from the sale of 2.95 million units priced at 15 cents per unit.In aggregate, the company sold 11,028,333 uni...Read More
BERLIN (Reuters) - Chancellor Angela Merkel said on Monday she would work with France to tackle pressing issues such as trade policy, the war in Syria and competition with China after the Social Democrats (SPD) approved joining a coalition with her conservatives.Merkel welcomed the vote by a clear majority of SPD members that ended more than five months of political deadlock after an inconclusive...Read More
(Kitco News)- Gold prices were largely unchanged following strong-than-expectedmomentum in the U.S. service sector, according to the latest data from theInstitute of Supply Management (ISM).Monday, the ISM said its Non-manufacturing PurchasingManagers Index showed a reading of 59.5% in February, down only slightly fromJanuary's reading of 59.9%. The drop was above expectations as consensusforecast...Read More
Kroger Co (NYSE:KR) stock isup 1.1% to trade at $27.66, after receiving a price-target hike from Deutsche Bank to $28 from $26. The upbeat analyst attention comes ahead of the company's fourth-quarter earnings report, due before the open on Thursday. After surging from an Oct. 2 three-year low of $19.70 to a Jan. 30 annual high of $31.45, Kroger stock pulled back along with the broader stock mar...Read More
LONDON (Reuters) - U.S. shale oil output is set to surge over the next five years stealing market share from OPEC producers and moving the United States, once the world’s top oil importer, closer to self sufficiency, the International Energy Agency said on Monday.A landmark deal in 2017 between OPEC and rivals including Russia to curb output to reduce global oversupply materially improved th...Read More
Shares of Clearside Biomedical Inc (NASDAQ:CLSD) are trading up 64.3% at $12.85 -- fresh off a 15-month high of $13.25, and on track for their biggest one-day gain ever. The drugmaker released positive topline data for its treatment on patients with macular edema associated with non-infectious uveitis, which is a build-up of fluid in the eye that negatively impacts vision.Heading into today's trad...Read More
Monster Beverage Corporation (NASDAQ:MNST) stock suffered a major pullback last week due to the company's poorly received fourth-quarter earnings results. The shares fell from $63.37 at the close on Wednesday to $54.16 by week's end, breaching the 200-day moving average for the first time in almost a year in the process. Deutsche Bank sees the weakness in MNST stock as a buying opportunity, howeve...Read More
LONDON (Reuters) - World shares slipped for the fifth straight day on Monday and emerging markets weakened sharply, hit by the prospect of a global trade war and political instability in Europe after Italy’s inconclusive weekend election.While most markets stabilized after sharp losses early in the day, assets considered low-risk - including gold, the yen and German bonds - remained in deman...Read More
Technology giant Apple Inc. (NASDAQ:AAPL) is making headlines amid reports it's working on a high-end version of noise-canceling, over-the-ear headphones, which could be launched as early as the end of this year. However, shares of the FAANG stock are trading 0.8% lower at $174.80 out of the gate today, as some speculators worry the headphones will cannibalize Apple's Beats by Dre line. Looking br...Read More
Mr. Christian Milau reportsEQUINOX GOLD AWARDS AURIZONA MINING CONTRACT TO U&M MINERACAO E CONSTRUCAO S/AA AND PROVIDES CONSTRUCTION UPDATE Equinox Gold Corp. has awarded the mining contract for its Aurizona gold mine in Brazil to U&M Mineracao e Construcao S/A. U&M is a Brazilian company with more than 40 years of mining contract experience offering earthworks, implementation, and ope...Read More
Mr. Christian Milau reportsEQUINOX GOLD AWARDS AURIZONA MINING CONTRACT TO U&M MINERACAO E CONSTRUCAO S/AA AND PROVIDES CONSTRUCTION UPDATE Equinox Gold Corp. has awarded the mining contract for its Aurizona gold mine in Brazil to U&M Mineracao e Construcao S/A. U&M is a Brazilian company with more than 40 years of mining contract experience offering earthworks, implementation, and ope...Read More