YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) ("Yamana" or "the Company") herein provides preliminary fourth quarter and full year production results for 2017. The Company is also pleased to report on construction activities at its Cerro Moro project in Argentina.Fourth quarter and 2017 operational highlightsStrong production momentum continued into the fourth quarter and for the full year 2017. Preliminar...Read More
* U.S. crude jumps above $64/barrel, tagging along energy stocks* Xerox rises on deal talks with Japan's Fujifilm* U.S. producer prices dip 0.1 pct in Dec. vs est. of 0.2 pct rise* Indexes up: Dow 0.41 pct, S&P 0.30 pct, Nasdaq 0.31 pct (Changes comment, updates price, adds details)By Sruthi ShankarJan 11 (Reuters) - U.S. stocks rose on Thursday as a jump in oil prices lifted energy stocks to...Read More
Mr. Greg Smith of Calibre reportsCALIBRE AND CENTERRA GOLD DRILL 77.8 METRES GRADING 1.1 G/T AU AT THE CERRO AEROPUERTO GOLD DEPOSIT, NORTHEASTERN NICARAGUACalibre Mining Corp. has provided an update as the company and Centerra Gold Inc. continue to advance the Siuna project, Borosi Concessions, Northeast Nicaragua.Centerra can earn a 70-per-cent interest in the project by investing $7-million in...Read More
Mr. Greg Smith of Calibre reportsCALIBRE AND CENTERRA GOLD DRILL 77.8 METRES GRADING 1.1 G/T AU AT THE CERRO AEROPUERTO GOLD DEPOSIT, NORTHEASTERN NICARAGUACalibre Mining Corp. has provided an update as the company and Centerra Gold Inc. continue to advance the Siuna project, Borosi Concessions, Northeast Nicaragua.Centerra can earn a 70-per-cent interest in the project by investing $7-million in...Read More
LAGOS, Jan 11 (Reuters) - Flour Mills of Nigeria plans to start marketing a share sale to existing investors aimed at raising 39.86 billion naira ($130 million) on Jan. 15, the bourse said on Thursday, after granting approval.The flour manufacturer will offer 1.47 billion ordinary shares at 27 naira apiece, a 18.2 percent discount to Thursday's market price of 33 naira. It will offer nine new shar...Read More
By JEFF DESJARDINS on January 10, 2018Courtesy of: Visual CapitalistRecords for renewable energy consumption were smashed around the world in 2017.Looking at national and state grids, progress has been extremely impressive. In Costa Rica, for example, renewable energy supplied five million people with all of their electricity needs for a stretch of 300 consecutive days. Meanwhile, the U.K. broke...Read More
By Sujata RaoLONDON, Jan 11 (Reuters) - Concerns that Japan could exit stimulus sooner than expected have jolted world markets this week, including emerging economies where a stronger yen could persuade Japanese funds to dial back their slowly rising overseas allocations.The yen's surge after the Bank of Japan reduced its bond purchases on Monday lifted global bond yields and hit emerging currenci...Read More
By JEFF DESJARDINS on January 10, 2018Courtesy of: Visual CapitalistRecords for renewable energy consumption were smashed around the world in 2017.Looking at national and state grids, progress has been extremely impressive. In Costa Rica, for example, renewable energy supplied five million people with all of their electricity needs for a stretch of 300 consecutive days. Meanwhile, the U.K. broke...Read More
WASHINGTON, Jan 11 (Reuters) - For details of the U.S. Treasury's auction of 10-year Treasury Inflation Protected Securities next week, see: Keywords: USA DEBT/TIPS Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. no...Read More
WASHINGTON, Jan 11 (Reuters) - For details of the U.S. Treasury's auctions of 4-week, 13-week and 26-week bills next week, see:4-week bills 13-week bills 26-week bills (Washington economics newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; how...Read More
Gold’s technical posture on thecharts remains constructive, says Lukman Otunuga, research analyst atFXTM. The metal is modestly higher so far Thursday, helped by a softer U.S.dollar. “With the greenback somewhat shaky and still struggling to gain ground,gold is likely to remain supported moving forward,” Otunuga says. “Taking alook at the technical picture, the metal still...Read More
* Graphic: sterling and gilt yields * Graphic: World FX rates in 2017 * Graphic: Trade-weighted sterling since Brexit vote By Jemima Kelly and Saikat ChatterjeeLONDON, Jan 11 (Reuters) - Sterling slipped to a one-week low against the euro on Thursday, as the single currency soared on talk that the European Central Bank could start to change its message of expansionary monetary policy in the coming...Read More
The U.S. stock market will be closed on Monday, Jan. 15, for Martin Luther King Jr. Day. If past is prologue, the S&P 500 Index (SPX) could be in for a rough holiday week, too. Below, we take a look at how the SPX tends to perform during MLK Week, and why buyers should beware blue-chip stock American Express Company (NYSE:AXP) ahead of earnings.S&P Struggles During MLK WeekSince 1998, the S&P has...Read More
LUSAKA, Jan 11 (Reuters) - Zambia expects to collect more revenue from mining companies this year compared to 2017 after copper prices rose above $7,000 per tonne, the revenue authority (ZRA) said on Wednesday.ZRA Commissioner-General Kingsley Chanda said at a media briefing the authority was targeting a revenue-to-GDP ratio of 17 percent this year, higher that 16.8 percent in 2017."The copper pri...Read More
(Kitco News) - Following are six elements working in favor of the gold marketbulls and that should continue to support upward price movement in the preciousmetal.RisingGovernment Bond Yields. A feature in the marketplace this week isrising world government bond yields (falling prices). This helped to hold backgains in global stock markets. Bloomberg news published a story Wednesday aboutthe Chines...Read More
(Kitco News) - Following are six elements working in favor of the gold market bulls and that should continue to support upward price movement in the precious metal. Rising Government Bond Yields. A feature in the marketplace this week is rising world government bond yields (falling prices). This helped to hold back gains in global stock markets. Bloomberg news published a story Wednesday about the...Read More
* Euro gains after ECB minutes released* Dollar index weak after U.S. producer prices fall* Bitcoin slips on S.Korea plans to ban cryptocurrency trading (Updates prices and market activity to U.S. market open, changes dateline; previous LONDON)By Saqib Iqbal AhmedNEW YORK, Jan 11 (Reuters) - The euro jumped against the dollar on Thursday after the European Central Bank said it could revisit its co...Read More
JAKARTA (Reuters) - Indonesia hopes to finalize contract talks with Freeport McMoRan Inc over the Grasberg copper mine by June, although divestment issues are still unresolved, a mining ministry official said on Thursday.Indonesia and Freeport formed a framework agreement in August to transfer the company's rights to Grasberg to a new mine license system from an existing contract of work. Under th...Read More
JAKARTA (Reuters) - Indonesia hopes to finalize contract talks with Freeport McMoRan Inc over the Grasberg copper mine by June, although divestment issues are still unresolved, a mining ministry official said on Thursday.Indonesia and Freeport formed a framework agreement in August to transfer the company's rights to Grasberg to a new mine license system from an existing contract of work. Under th...Read More
Footwear stocks Foot Locker, Inc. (NYSE:FL) and Finish Line Inc (NASDAQ:FINL) are in the headlines today after the sector peers garnered some attention from analysts at Wells Fargo ahead of today's opening bell. Here's a closer look at how FL and FINL stocks are faring. Foot Locker Falls Despite Positive Analyst AttentionFL is down 0.7% to trade at $45.94 after Well Fargo upped its price target...Read More