Recent News

Miner Boliden Q1 core profit tops forecasts

May 03, 2019 / www.mining.com

Sweden's Boliden on Friday reported first-quarter core earnings slightly above analysts forecasts, and said production in the quarter had been stable both in its mines and its smelters.Operating profit, excluding revaluation of process inventory, fell to 2.05 billion Swedish crowns from 2.72 billion a year earlier, beating the 1.99 billion seen by analysts in a Reuters poll."The period can be summ...Read More

Miner Boliden Q1 core profit tops forecasts

May 03, 2019 / www.mining.com

Sweden's Boliden on Friday reported first-quarter core earnings slightly above analysts forecasts, and said production in the quarter had been stable both in its mines and its smelters.Operating profit, excluding revaluation of process inventory, fell to 2.05 billion Swedish crowns from 2.72 billion a year earlier, beating the 1.99 billion seen by analysts in a Reuters poll."The period can be summ...Read More

Cigna Stock Suffers Another Round of Bear Notes

May 03, 2019 / www.schaeffersresearch.com

CI has shed 16.3% since JanuaryHealth insurance name Cigna Corp (NYSE:CI) is down 0.8% at $159 in this morning's trading, suffering after Goldman Sachs downgraded the stock to "buy" from "conviction buy." The firm's Stephen Tanal shared similar concerns of analysts that responded to the company's first-quarter report yesterday, expressing worry over Cigna's pharmacy benefits profitability followi...Read More

2 FAANG Stocks in the News

May 03, 2019 / www.schaeffersresearch.com

The shares of the two tech giants are higher as a resultFAANG name Amazon.com, Inc. (NASDAQ:AMZN) is in the news today, after Warren Buffett told CNBC that Berkshire Hathaway (BRK.A) bought an undisclosed stake in the online retail giant. The details of the purchase will be revealed in Berkshire's quarterly report of stock holdings.In response, Amazon stock is up 2.1% to trade at $1,940.95. Yeste...Read More

Miners in Congo face subcontracting limits under new rules

May 03, 2019 / www.mining.com

Companies in the Democratic Republic of Congo will have to ensure subcontractors they hire are domestically owned under rules being implemented by the government.The requirement adds to the raft of new measures mining companies have had to contend with over the past year, after the state in March 2018 raised taxes and other costs. Investors including Glencore Plc, Randgold Resources Ltd., China Mo...Read More

Base metals give ground as manufacturing clouds darken

May 03, 2019 / www.mining.com

It's been a bad week for Doctor Copper.London Metal Exchange (LME) copper slumped 3% on Wednesday and has slid further to a three-month low of $6,150 per tonne, last trading at $6,180.True, the move took place in something of a liquidity black hole with China and much of Europe on holiday this week, leaving the market prey to automated funds, which have been momentum-trading a rapidly deterioratin...Read More

#Tesla Prices Upsized Equity Offering At $243/Share (42% Discount To $420) | Zero Hedge

May 03, 2019 / www.zerohedge.com

The company has reportedly upsized its convertible note sale from $1.3 billion to $1.6 billion and CEO Elon Musk has raised the amount of shares he will personally buy from $10M to $25M. Read full newsRead More

Universal Display, Shake Shack Headline Earnings Winners

May 03, 2019 / www.schaeffersresearch.com

OLED and SHAK are set to hit fresh highsScreen technology specialist Universal Display Corporation (NASDAQ:OLED) is trading up more than 12% before the open, after the company's first-quarter sales came in above estimates. OLED also forecast full-year revenue well above previous expectations, putting the shares on pace to hit a fresh 52-week high today after closing Thursday at $156.60, right near...Read More

Jobs Data Sends Dow Futures Higher

May 03, 2019 / www.schaeffersresearch.com

Today's payrolls report showed 263,000 new jobs for AprilDow Jones Industrial Average (DJI) futures are soaring in early trading, after a better-than-expected April jobs report. Specifically, the Labor Department said 263,000 new jobs were added last month, topping expectations for an increase of 190,000, while the unemployment rate fell to a 49-year low of 3.6%. Futures on the S&P 500 Index (SPX)...Read More

Analysts Eye "Buying Opportunity" on Planet Fitness Stock

May 03, 2019 / www.schaeffersresearch.com

PLNT stock is lower after the company's rare revenue missPlanet Fitness Inc (NYSE:PLNT) is bracing for a 4.5% drop out of the gate, after the fitness center operator reported a first-quarter revenue miss -- its first in at least eight quarters. Specifically, revenue rose 22.7% in the first three months of the year to $148.8 million, below the $153.4 million expected by analysts. PLNT's adjusted fi...Read More

Rio Tinto speeds up exploration at Winu copper find in Western Australia

May 03, 2019 / www.mining.com

Mining giant Rio Tinto (ASX, LON:RIO) is ramping up exploration at its Winu discovery in Western Australia, which could be the company's next major copper project.Speaking at conference in Sydney this week, group executive of growth and innovation Stephen McIntosh said the company's main goal for now is to determine whether Winu was a "Rio Tinto scale" project.The copper-gold-silver discovery, a p...Read More

Rio Tinto speeds up exploration at Winu copper find in Western Australia

May 03, 2019 / www.mining.com

Mining giant Rio Tinto (ASX, LON:RIO) is ramping up exploration at its Winu discovery in Western Australia, which could be the company's next major copper project.Speaking at conference in Sydney this week, group executive of growth and innovation Stephen McIntosh said the company's main goal for now is to determine whether Winu was a "Rio Tinto scale" project.The copper-gold-silver discovery, a p...Read More

Rio Tinto speeds up exploration at Winu copper find in Western Australia

May 03, 2019 / www.mining.com

Mining giant Rio Tinto (ASX, LON:RIO) is ramping up exploration at its Winu discovery in Western Australia, which could be the company's next major copper project.Speaking at conference in Sydney this week, group executive of growth and innovation Stephen McIntosh said the company's main goal for now is to determine whether Winu was a "Rio Tinto scale" project.The copper-gold-silver discovery, a p...Read More

Newmont Goldcorp suspends payments to villages near Mexico's largest gold mine

May 03, 2019 / dlvr.it

Newmont Goldcorp Corp said on Tuesday it had suspended payments and social progr...Read full newsRead More

Cache Exploration buys gold project in Mali

May 03, 2019 / www.mining.com

Cache Exploration (TSX-V:CAY) announced the acquisition of a 100% mineral interest in a gold project in Mali, West Africa.In a press release, Cache said that it signed a definitive agreement with private vendor Rachid Mogabgab and that the acquisition includes an estimated $250,000 in mining equipment previously utilized at the project.To go ahead with the deal, the Vancouver-based firm has to iss...Read More

Cache Exploration buys gold project in Mali

May 03, 2019 / www.mining.com

Cache Exploration (TSX-V:CAY) announced the acquisition of a 100% mineral interest in a gold project in Mali, West Africa.In a press release, Cache said that it signed a definitive agreement with private vendor Rachid Mogabgab and that the acquisition includes an estimated $250,000 in mining equipment previously utilized at the project.To go ahead with the deal, the Vancouver-based firm has to iss...Read More

Cache Exploration buys gold project in Mali

May 03, 2019 / www.mining.com

Cache Exploration (TSX-V:CAY) announced the acquisition of a 100% mineral interest in a gold project in Mali, West Africa.In a press release, Cache said that it signed a definitive agreement with private vendor Rachid Mogabgab and that the acquisition includes an estimated $250,000 in mining equipment previously utilized at the project.To go ahead with the deal, the Vancouver-based firm has to iss...Read More

Tudor to drill 14,000 metres at Treaty Creek gold project

May 03, 2019 / www.mining.com

Tudor Gold (TSXV: TUD) made public this week the 2019 exploration plans for its flagship Treaty Creek project, located in the Golden Triangle of northwestern British Columbia.In a press release, the Vancouver-based miner said the primary exploration target within Treaty Creek is the Goldstorm system."From the southwest corner of the Treaty Creek claims, which are bordering Seabridge's claims, the...Read More

Tudor to drill 14,000 metres at Treaty Creek gold project

May 03, 2019 / www.mining.com

Tudor Gold (TSXV: TUD) made public this week the 2019 exploration plans for its flagship Treaty Creek project, located in the Golden Triangle of northwestern British Columbia.In a press release, the Vancouver-based miner said the primary exploration target within Treaty Creek is the Goldstorm system."From the southwest corner of the Treaty Creek claims, which are bordering Seabridge's claims, the...Read More

Tudor to drill 14,000 metres at Treaty Creek gold project

May 03, 2019 / www.mining.com

Tudor Gold (TSXV: TUD) made public this week the 2019 exploration plans for its flagship Treaty Creek project, located in the Golden Triangle of northwestern British Columbia.In a press release, the Vancouver-based miner said the primary exploration target within Treaty Creek is the Goldstorm system."From the southwest corner of the Treaty Creek claims, which are bordering Seabridge's claims, the...Read More

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