In August, Semafo (TSX: SMF) started flying expatriate employees by helicopter from its Boungou and Mana mines in Burkina Faso to the capital city of Ouagadougou.The Toronto-based company also heightened and reinforced escorts for the transportation of its national employees between the mines and their villages.At Boungou, the government deployed a ground military force on the route between the mi...Read More
Gold futures on Monday climbed to their highest finish in a month, as a cease-fire in the trade skirmish between the U.S. and China weakened the dollar, which has been the de facto haven amid tariff conflagrations between the world's largest economies. "We remain committed to the idea that both gold and silver are physical commodity markets in need of a lifting of global economic headwinds from t...Read More
The shares are trading up more than 50% this afternoonOptions traders are making a beeline toward Global Blood Therapeutics Inc (NASDAQ:GBT), after the Food and Drug Administration (FDA) agreed to the company's proposal for an accelerated approval pathway for its sickle cell disease (SCD) treatment, voxelotor. The San Francisco-based firm said it would give more details for its plan to submit a Ne...Read More
GOLD Spot gold advanced 0.75% since Monday's opening and hit new nearly one-month high at $1232, advancing on weaker dollar after US/China trade ceasefire deal.The yellow metal regained traction after Thu/Fri rejection on both direction, which signaled indecision as markets were awaiting signals from G20 meeting. Fresh advance emerged from European session correction low at $1229 and probe aga...Read More
The shares are bumping up against a critical trendlineThe shares of Overstock.com Inc (NASDAQ:OSTK) rallied 23.3% on Nov. 23 -- their best day of 2018 -- amid reports the company plans to focus only on blockchain. The following session, however, the security suffered its worst day in three years, before going on a four-day winning streak. Now, the volatile shares of OSTK could be flashing a sell s...Read More
Report: Scheme could have 'catastrophic consequences' on APHA share priceU.S. stocks are comfortably higher, as traders cheer a cease-fire on the U.S.-China trade war. Among the stocks reacting to the truce is farm equipment concern Deere & Company (NYSE:DE), which is higher on plans for China to buy U.S. agricultural products. Meanwhile, two weed stocks are making huge moves in opposite direction...Read More
Both names are higher after the U.S. and China agreed to a trade truceEasing trade tensions between the U.S. and China are boosting global markets today, with the Dow up triple digits at last check. And with Morgan Stanley raising its base case for Chinese stocks after the "better-than-expected" outcome of the G-20 summit, e-commerce concerns Alibaba Group Holding Ltd (NYSE:BABA) and JD.com, Inc....Read More
KHARTOUM - Sudan will allow local private sector firms to export gold, Prime Minister Moataz Moussa said on Monday, relaxing the central bank's grip over exports of the metal as the government tries to shore up the country's struggling economy.The measure is part of efforts to stem smuggling of gold, one of the country's main sources of foreign currency."With the blessings of the president of the...Read More
Assays from holes drilled into the southwestern part of the Marathon deposit intersected intervals of high-grade gold over wide intervals at open-pit depths, Marathon Gold Corp. (TSX: MOZ) reports.Highlights include 17.39 grams gold over 5 metres from 213 metres downhole including 1.9 metres of 42.76 grams gold in drill hole MA-18-343, and 19.63 grams gold over 2.3 metres from 67 metres downhole,...Read More
The VIX is heading toward its lowest close in almost four weeksThe stock market is starting December off strong, with the Dow Jones Industrial Average (DJI) up 441 points at its intraday peak. The Dow has since pared these gains, but is still enjoying a triple-digit lead thanks to a trade truce between the U.S. and China. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are boasting large gains...Read More
Macau's increased gambling revenue is also bolstering WYNNShares of Wynn Resorts, Limited (NASDAQ:WYNN) are up 9.3% this morning, to trade at $119.89, on news of the G-20 summit's temporary U.S.-China trade truce, as well as the recent spike in gambling revenue in the Chinese territory of Macau, where several of the company's operations are located. Specifically, Macau revenue jumped 8.5% in Nov...Read More
Institutional Shareholder Services Inc (ISS) has advised shareholders to vote for Detour Gold Corp's refreshed board of directors at an upcoming special shareholders' meeting, stopping short of more aggressive changes demanded by activist investor Paulson & Co, the company said on Monday.Detour's existing management has been resisting Paulson's call for a complete overall of the board and immediat...Read More
RBC said the cease-fire 'lifts one major near-term overhang' for one stockThe temporary trade truce between the U.S. and China has lifted several stocks today, and garnered bullish analyst attention for the likes of Caterpillar (CAT), Roku (ROKU), and more. In fact, construction issue Masco Corp (NYSE:MAS) and semiconductor concern Micron Technology, Inc. (NASDAQ:MU) have received upbeat attentio...Read More
Shares in Canada's Nautilus Minerals (TSX:NUS), one of the world's first seafloor miners, climbed more than 10% on Monday as the company disclosed is negotiating the terms of an agreement with arm's length third parties that would involve the creation of a joint venture company.The purpose of the new firm, Nautilus said, would be to fund the acquisition of the Production Support Vessel (PSV) that...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. L53-DD2 OIL APPRAISAL - 658 BOPD Pan Orient Energy Corp.'s L53-DD2 appraisal well is on a 90-day production test and currently producing at a steady state of approximately 659 barrels per day (b/d) of 23.9-degree API oil with a basic sediment and water (BS&W) of 1.47 per cent from the "EE sand" through 6.4 metres of perforations between the dept...Read More
The brokerage firm thinks the Dow stock can soar 20%The shares of Caterpillar Inc. (NYSE:CAT) have shot up 4.6% to trade at $141.95, after BofA-Merrill Lynch upgraded the construction stock to "buy" from "neutral," and raised its price target to $163 from $140 -- a 20% premium to last Friday's close at $135.67. The analyst in coverage pointed to Fed Chair Jerome Powell's relatively dovish tone on...Read More
D.A. Davidson upgraded the shares to "buy"The shares of Roku Inc (NASDAQ:ROKU) are up 5.9% in electronic trading, after D.A. Davidson upgraded the streaming name to "buy" from "neutral." The analyst in coverage cited the recent U.S.-China trade truce, noting that it "alleviates (but does not eliminate) a significant near-term risk," considering Roku manufactures in China. In addition, the broke...Read More
POTUS suggested Beijing is prepared to lower its auto import taxIt's set to be a big day on Wall Street, as traders cheer an apparent breakthrough in trade relations between Washington and Beijing. Following a highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the G-20 summit over the weekend, reports indicate the leaders have agreed to a 90-day "cea...Read More
Mr.Dan Stuart reportsJUGGERNAUT COMPLETES $1,677,000 FINANCINGJuggernaut Exploration Ltd.'snon-brokered private placement of $1.65-million announced on Nov. 27, 2018, has been increased and closed at $1,677,800 subject to acceptance by the TSX Venture Exchange. Due to strong demand from institutions and accredited investors alike in the Americas and Europe, management is arranging a second-tranche...Read More
The stock market "secret" no one is talking about.The world's richest investors have been using this simple "trick" to build massive fortunes for decades.They've done everything in their power to hide the truth from individual investors. In the process they've created a totally uneven playing field... where most of the players don't even know the rules of the game.This lack of fairness is one of...Read More