(Reuters) - Canada's Encana Corp said on Thursday it would buy Newfield Exploration Co for $5.5 billion, for greater access to North America's biggest oil patches and making it one of the largest shale oil producers in the region.As part of the all-stock deal, Encana will get greater access to the Anadarko basin as well as the Permian and Montney areas.Encana is focusing on high-margin, liquids-ri...Read More
HONG KONG(Reuters) - The economic impact of the intensifying trade war between Washington and Beijing appeared to deepen last month with factory activity and export orders weakening across Asia, but analysts warned the worst was yet to come.In a sign conditions for exporters and factories were deteriorating, manufacturing surveys showed marginal growth in China, a slowdown in South Korea and Indon...Read More
(Kitco News) - Gold prices remained near daily highs as the U.S. Labor Department showed that the initial weekly jobless claims declined to 214,000 in the week to Saturday.Market consensus called for initial claims to fall to 213,000 from the revised level of 216,000 reported in the previous week. The December Comex gold futures were not impacted by the data, with prices continuing to trade near d...Read More
Gold spot ($) Key resistance at 1219.00. Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 1219.00 Our preferenceShort positions below 1219.00 with targets at 1214.50 & 1212.00 in extension. Alternative scenario Above 1219.00 look for further upside with 1223.50 & 1226.50 as targets. CommentAs Long as the resistance at 1219.00 is not surpassed,...Read More
(Kitco News) - Gold pricesare posting good gains in early U.S. trading Thursday. Traders stepped in tobuy the dip in gold prices on some perceived bargain hunting and by some shortcovering from the futures traders. Also, precious metals are seeing buyinginterest as the U.S. dollar index is posting sharp losses today, on acorrective pullback from recent gains that pushed the index to a 16-month hig...Read More
(Kitco News) - CoeurMining, Inc. (NYSE: CDE) posted a loss in the third quarter on lower metalsprices and a dip in production due to temporary factors at two mines, thecompany said late Wednesday.Coeurlisted a net loss from continuing operations of $53 million, or 29 cents pershare, compared to a loss of $11.7 million, or 7 cents, in the same period of2017. The July-September results included a $3...Read More
9.9 Metres Grading 3,212 gpt AgEq3.5 Metres Grading 4,570 gpt AgEq11.1 Metres Grading 879 gpt AgEqVancouver, British Columbia--(Newsfile Corp. - November 1, 2018) - SilverCrest Metals Inc. (TSXV: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce further Phase III drill results for the Las Chispas Property (the "Property") located in Sonora, Mex...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD, PRELIMINARY ECONOMIC ASSESSMENT RESULTS FOR COMBINED NORTH BULLFROG AND MOTHER LODE DEPOSITS, NEVADACorvus Gold Inc. has provided its results for its initial preliminary economic assessment (PEA) combining the North Bullfrog-Mother Lode projects in southwest Nevada. Results outline a large new Nevada mining project with attractive preliminary production stat...Read More
* Rakuten rises after report co and KDDI will team up on mobile payment* NTT Docomo drags down KDDI, SoftBank* Zozo sinks after it abandons Zozo suit* Panasonic, Yamaha Motor among Thursday losersBy Ayai TomisawaTOKYO, Nov 1 (Reuters) - Japan's Nikkei fell on Thursday, pulled down by large cap mobile phone companies after NTT Docomo said lower service fees will start hitting its earnings next year...Read More
Gold is on track to become less volatile and stabilize.The future of gold in 2019.Gold prices compared to the GDX gold miners fund.Gold continued to build on last week's gains, adding nearly $7 per troy ounce or 0.5% as of the close on Friday on the New York COMEX futures exchange. The final print for the week was $1,229. Given the surge seen over the past two weeks, it is time to place the price...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) has shrugged off some shareholders concerns about the company not being in position to buy new assets, and announced the acquisition of Mason Resources (TSX:MNR) for C$31 million (about $24m).Disclosing the deal after the market closed on Wednesday, Hudbay president and chief executive officer Alan Hair said that while the company believed the most...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Spearmint Resources (CSE:SPMT) announced today that it has acquired the 'Hammernose' gold prospect consisting of 5,140 acres directly bordering the strategic alliance between Westhaven Resources and Sable Resource in the Spences Bridge gold belt, which is located in Southern British Columbia, Canada.According to Spearmint, Spences Bridge is a 200-kilometre-long by 30-kilometre-wide emerging low-su...Read More
Spearmint Resources (CSE:SPMT) announced today that it has acquired the 'Hammernose' gold prospect consisting of 5,140 acres directly bordering the strategic alliance between Westhaven Resources and Sable Resource in the Spences Bridge gold belt, which is located in Southern British Columbia, Canada.According to Spearmint, Spences Bridge is a 200-kilometre-long by 30-kilometre-wide emerging low-su...Read More
* Gold jumps after three sessions of losses * Dollar retreats from 16-month highs * Platinum hits highest since July 9 (Updates prices)By Swati VermaBENGALURU, Nov 1 (Reuters) - Gold rose more than 1 percenton Thursday, rebounding from a three-week low touched in theprevious session, and spurred by the dollar's retreat frommulti-month highs.After falling for three days, spot gold gained 1.2percent...Read More
Although faced with a comprehensive assessment process and the fact that the French government formed a special committee to evaluate in detail the social and economic benefits and impacts of the gold mining industry in French Guiana, Columbus Gold (TSX:CGT) issued a statement today saying that its Montagne d'Or gold project, which is located in the overseas territory, is moving forward with permi...Read More
Although faced with a comprehensive assessment process and the fact that the French government formed a special committee to evaluate in detail the social and economic benefits and impacts of the gold mining industry in French Guiana, Columbus Gold (TSX:CGT) issued a statement today saying that its Montagne d'Or gold project, which is located in the overseas territory, is moving forward with permi...Read More
* Tepid start to November * IT sector hit by firm rupee * Yes Bank top gainer on NSE, closes up 8.5 pctNov 1 (Reuters) - Indian shares ended little changed onThursday as losses in IT stocks, pressured by a strong rupee,marginally outweighed gains in the financial sector.The broader NSE index ended 0.06 percent lower at10,380.45, while the benchmark BSE index closed mostlyflat at 34,431.97.IT stock...Read More
* STOXX 600 up 0.2 pct * ING gains on profit beat * BT rallies as outlook improves * Shell, TGS lead oil stocks lower (Updates prices, adds details)By Danilo Masoni and Helen ReidMILAN/LONDON, Nov 1 (Reuters) - European shares hit atwo-week high on Thursday as strong results from Dutch bank INGand UK telecoms group BT helped offset a disappointing updatefrom Credit Suisse, and ASM International br...Read More
Marijuana stocks are in "early internet" territory.Amazon's early investors walked away with over 79,000% in profits. And this same phenomenon is happening in the cannabis space right now.Remember, the dotcom bubble separated out the real companies from the fake.Which is why it's so important to "weed" out the companies that might not survive this volatile but opportune time.Now, the race has ser...Read More