Last week's other top-gaining resource stocks on the TSX were Teranga Gold, Corvus Gold, Nighthawk Gold and Perseus Mining.Read full newsRead More
FTSE 100 closes lowerUS vs China trade war weighs on international stock sentimentWall Street benchmarks mixedConsumer stocks as gloomy as a wet bank holiday weekend FTSE 100 closed lower as sterling gained ground and Wall Street shares are mixed.Britain's blue-chip index finished over 26 points down at 7,030, while FTSE 250 also closed in the red, down over 62 points at 19,398.The poun...Read More
Perseus Mining (ASX,TSX:PRU) announced that that the ramp-up of operations at its Sissingu?(C) gold mine in northern Cote d'Ivoire has been completed ahead of schedule and the mine has now entered commercial production.Sissingu?(C) is located southeast of the 7Moz Morila gold mine and northwest of the 4.3Moz Tongon deposit. It is estimated to produce 358,000 ounces over the 5-year life of mine, in...Read More
Silver Bear Resources (TSX:SBR) announced that construction of its Mangazeisky project in Russia is almost done and that plans to go forward with a first silver production early in the second quarter of 2018 are on track. Mangazeisky is located 400 km north of Yakutsk, in the eastern Republic of Sakha, and covers an area of approximately 570 square kilometres. The property includes the high-grade...Read More
Graham Lumsden, chief executive of Motif Bio Plc (LON:MTFB, NASDAQ:MTFB), tells Proactive's Andrew Scott they've initiated a rolling submission of a new drug application to the US Food & Drug Administration for iclaprim.The new drug application (NDA) for their flagship next-generation antibiotic for the treatment of acute bacterial skin and skin structure infections (ABSSSI) is expected to be...Read More
Andrew Lloyd, president of Corero Network Security PLC (LON:CNS), tells Proactive they've secured several new orders for their cybersecurity technologies to the tune of US$1.2mln.Lloyd says the orders include two for their SmartWall Threat Defense technology with a cloud-based web development customer and a digital enterprise customer, worth US$0.3mln and US$0.2mln respectively.Corero's also recei...Read More
2:30pm: IGas Energy Plc advances as Cuadrilla achieves major milestoneIGAS Energy Plc (LON:IGAS) advanced 4p or 4.94% changing hands at 85p each as unlisted UK onshore peer Cuadrilla successfully completed the drilling of the country's first horizontal well into shale - at the Preston New Road site in Lancashire.Cuadrilla plans to apply for approval to allow hydraulic fracturing the well. Industry...Read More
Mark Payton, chief executive of Mercia Technologies PLC (LON:MERC), tells Proactive Investors that within the regions in the UK there's a distinct lack of capital but some 'fantastic' investment opportunities.''I'd refer to those regions as the Midlands, north of England and Scotland ... ''.''What we've developed is using funds under management initially and supporting these businesses from anythi...Read More
Following a tough 2017, tiles and flooring flogger Topps Tiles managed to turn it around in the final quarter of the year.In a January trading update, the retailer reported a 3.4% year-on-year jump in like-for-like revenues in the 13 weeks to the end of December.Topps said the sharp rise in revenue was brought about by its ability to maintain "market-leading margins", further investment in its ser...Read More
Ontario is investing in innovative technology in Northwestern Ontario through projects that will improve digital infrastructure in remote communities, enhance education and training for students, and create good jobs.Michael Gravelle, Minister of Northern Development and Mines, was joined by Bill Mauro, MPP for Thunder Bay--Atikokan, to announce funding for six projects in Thunder Bay through the...Read More
China will retaliate to any new US tariffs against alleged violations of intellectual property rights withRead full newsRead More
For the third time in less than a week, Trump has sounded the alarm about theRead full newsRead More
The blowout in the price spread between Canadian heavy and U.S. light crude isn't narrowing substantially any time soon, according to analysts with GMP FirstEnergy.While Canada's heavy oil producers are faced with the challenge of increasing rail volumes in the absence of a new export pipeline, they're also dealing with issues on an operational system into the U.S."The most immediate pressing issu...Read More
Clive Dix, chief executive of C4X Discovery Holdings plc (LON:C4XD), discusses with Proactive's Andrew Scott their licensing deal with FTSE 250-listed Indivior for its addiction behaviour suppressant, C4X3256.It is the first major partnership for C4X, which will receive US$10mln up front and a further US$284mln dependent on how successful the drug proves. Meet ANGLE plc, Faron Pharmaceutical...Read More
Oil prices seesawed at the start of the week before jumping close to multi-year highs on geopolitical concerns, with Brent hitting $70 and WTI at $65. However, geopolitical pressure is only able to influence oil prices to such a degree because the market is fundamentally getting tighter.Ongoing declines in Venezuela and concerns about heightened tension between the U.S. and Iran have significantly...Read More
Mick Billing, chairman of Thor Mining PLC (LON:THR), tells Proactive they're buying a stake in two deposits 30km from their Molyhil project in Australia's Northern Territory.The tenements comprise outcropping tungsten deposits in the Bonya Creek area, along with a high-grade copper deposit.Billing also discusses a deal between investee company USA Lithium and Australian firm Hawkstone. Meet...Read More
(Bloomberg) - Randgold Resources Ltd.'s celebrated ability to operate in Africa is being tested on all fronts, and it's taking a toll on the London-listed gold miner's stock.For most of the last decade, Randgold shares were the best performers among gold miners tracked by Bloomberg. Now they are among the worst in the industry, sinking 20 percent so far this year.Randgold made its reputation on i...Read More
April 3 (Reuters) - Australia's largest independent gold miner Newcrest Mining said on Tuesday it recommenced processing at its flagship Cadia mine over the weekend.Last week, the company had said it would start mining operations at Cadia, which was closed following damage to a tailings dam wall.The miner said processing is currently at a run rate of about 8 million tonnes per annum due to limitat...Read More
U.S. President Donald Trump's recent surprise announcement that he plans to withdraw the United States military from Syria "very soon" and that he will let "the other people take care of it now" may be more telling of what's to come than the mainstream media would have us believe.Read full newsRead More
WARSAW, April 3 (Reuters) - Australia's Prairie Mining said it filed a lawsuit in a Warsaw civil court on Friday against the Polish environment ministry, seeking an extension to the company's exclusive rights to a mining project in the country.The news sent the miner's shares plunging 30 percent in London and 20 percent in Warsaw.Prairie Mining secured in 2015 the exclusive right to apply for a mi...Read More