FTSE 100 closes up 111 points US stocks mixedHopes remain US/China trade war will be avertedFerguson top riser FTSE 100 joined global indices to shoot higher today after recent losses and closed up over 111 points.Britain's blue-chip benchmark closed just at around the 7,000 level, up 1.62% on the day.FTSE 250 was also higher - up over 202 points at 19,389.In the currency markets, the po...Read More
Mr. Derek White reportsASCOT RESOURCES ANNOUNCES CHANGE TO ITS FISCAL YEAR-ENDAscot Resources Ltd. is changing its fiscal year-end to Dec. 31, from its current fiscal year-end of March 31. The notice for the year-end change required under National Instrument 51-102 has been filed under the company's profile on SEDAR.Ascot believes this will better align the company's financial reporting periods to...Read More
Analyst Jayant Bhandari explains why he's bullish on gold right now and shares his tips for investing in junior resource stocks.Read full newsRead More
It's not a big deal; only around $350m, but the Oz Minerals bid for Avanco Resources is another sign that quality assets can command a premium in a copper market hungry for new supply.Glencore owns 8% which sets up the tantalizing, albeit slim, prospect of a counter offer from the world's number three copper producerOz Minerals' cash and shares offer on Tuesday was made at a 121% premium to the ru...Read More
Elecosoft PLC (LON:ELCO) shares jumped 5.8% to 54p in late-afternoon trading as the software company hiked its final dividend.The AIM-listed firm proposed a final dividend of 0.4p for 2017, compared with 0.25p paid the year before, taking its total dividend for the year up 50% to 0.6p, having paid a dividend of 0.4p for 2016.Pre-tax profits were also up 53% to ?2.3mln on revenue increases of 12%...Read More
Centenera Mining Corporation ("Centenera" or the "Company") - (TSXV:CT) (OTCQB:CTMIF) announces a non-brokered private placement (the 'Financing') of up to 16,666,667 Units priced at $0.18 per Unit to raise aggregate gross proceeds of up to $3.0 million.Read full newsRead More
Stakeholder Gold Corp. (TSXV:SRC) ('Stakeholder Gold' or the 'Company') is pleased to announce further assay and geochemical results confirming the discovery of the new 'Trail Hill' Midas-style gold-silver zone in its first core drill hole on the Goldstorm property in Nevada.Read full newsRead More
Signature Resources Ltd. (TSXV:SGU) (OTCQB:SGGTF) ('Signature' or the 'Company') announces that the airborne survey of its Lingman lake property has been completed. The airborne survey conducted by Teraquest Ltd. consisted of the acquisition of data using high resolution magnetics and digital matrix VLF EM. 2,270 line kilometers were flown covering the majority of Signature's 9...Read More
Wallbridge Mining Company Limited (TSX:WM, FWB:WC7) ('Wallbridge' or the 'Company') is pleased to announce that that it has entered into a US$8 million secured bridge loan (the 'Bridge Loan') with Auramet International LLC ('Auramet') to finance the 35,000-tonne bulk sample program (the 'Bulk Sample') at its 100%-owned Fenelon Gold property in Queb...Read More
Suresh Withana from Harmony Capital, the investment manager for Adamas Finance Asia (LON:ADAM), discusses with Proactive their first investment - a 'patient empowerment' company called DocDoc.He says the private company helps people find the best medical specialists available."DocDoc has signed up two major insurance companies so their policyholders will be able to use its service whenever they ne...Read More
Steve Couldwell, chief executive of Tissue Regenix PLC (LON:TRX), tells Proactive that 2017 has been a year of transformation, boosted by the acquisition of CellRight."That was the transformation the company really needed, and the integration of that business has gone extremely well ... we are now in the position of really trying to kick on in 2018'', Couldwell says.Since the end of the reporting...Read More
By Tom Henry and Michael ShermanThe California State Mining and Geology Board ("Board") recently took its first step to revise California's backfill regulation that applies to the reclamation of open pit metallic mineral mines. On December 14, 2017, the Board voted to review the backfill regulation after hearing public comments as to why the regulation has increased, rather than reduced, environ...Read More
DFS Furniture Plc (LON:DFS) is seen to be on-track to meet full-year expectations, at least that was the view following last month's trading update, for the second quarter.The sofa seller revealed that, excluding its acquired units, sales were said to be down 3.5% on the previous year.With the integration of the Sofology business and the opening of new stores it is anticipated that the business is...Read More
Paul Baay, chief executive of Touchstone Exploration Inc (LON:TXP, CVE:TXP), spoke to Proactive's Andrew Scott following the release of their 2017 year-end results.In the year, the company produced an average of 1,375 barrels of crude oil per day which marked a 6% increase from the preceding year.Petroleum revenues increased 33% for the year, at US$32.02mln from the US$24.03mln reported for 2016....Read More
Mr. Claude Dufresne reportsNIOBAY METALS ANNOUNCES PRIVATE PLACEMENT WITH OSISKO GOLD ROYALTIESOsisko Gold Royalties Ltd. has agreed to purchase, by way of a private placement, nine million common shares of Niobay Metals Inc. at a price of 26 cents per share for proceeds of $2.34-million.The financing is expected to close on or about March 28, 2018, following which Osisko will own approximately 19...Read More
Harry Hyman, managing director of Primary Health Properties PLC (LON:PHP), as well as Finance Director Richard Howell caught up with Proactive Investors following the announcement they're to raise up to ?100mln.The capital raising will enable the company to grow its portfolio through selected property acquisitions while maintaining gearing at a conservative level and supporting its progressive di...Read More
GABORONE, March 27 (Reuters) - Botswana's Debswana Diamond Mining said on Tuesday production jumped 11 percent to a three year high in 2017 and it expects growth this year as lower taxes in the United States leave consumers with more to spend on luxury goods.Debswana, a joint venture between De Beers and the southern African country's government, said annual production rose to 22.2 million carats...Read More
Peter Shaw, chief executive of DP Poland Plc (LON:DPP), tells Proactive Investors they've seen costs ease and a better performance from their mature stores in recent months.Shaw says lower cheese prices and staff being easier to recruit compared to the last quarter has eased pressure on margins.Poland's economy also remained strong, with consumer demand healthy. Meet ANGLE plc, Faron Pharmac...Read More
Mr. Darin Wagner reportsBALMORAL RELEASES INITIAL RESOURCE ESTIMATE FOR MARTINIERE GOLD SYSTEM, DETOUR GOLD TREND PROJECT, QUEBEC Balmoral Resources Ltd. has provided the initial resource estimate for the near-surface portion of the Martiniere gold system on the company's wholly owned Martiniere property in Quebec.The initial resource estimate confirms the continuity of the gold mineralization wit...Read More
Mr. Nav Dhaliwal reportsBONTERRA ANNOUNCES VICE PRESIDENT OPERATIONS AND PROVIDES UPDATE ON WINTER DRILL PROGRAM AND METALLURGICAL STUDIES Bonterra Resources Inc. has appointed Peter A. Ball as vice-president of operations and is providing an update of the continuing winter drill program and metallurgical studies."I am pleased to have Peter formally join the Bonterra team, as he has been a board...Read More