- CFTC fines UBS, HSBC and Deutsche Bank millions of dollars each for gold price manipulation - Deutsche Bank 'engaged in a scheme to manipulate the price of precious metals futures contracts'- UBS 'attempted to manipulate the price of precious metals futures contracts'- HSBC engaged 'in numerous acts of spoofing with respect to certain futures products in gold and other precious metals'- Gol...Read More
Gold rose on the back of rising bond yields and negative news on crypto currency news. After today's US January nonfarm payrolls it will be a technical trade with Chinese demand and bond yields as the key. Today and Monday are big days for gold and silver. I expect $50 either side moves in gold from the current price of $1347.90. Silver on the other hand needs a daily close over $1740 today and...Read More
Chilean Metals Inc. (TSXV:CMX, OTCQB:CMETF, SSE:CMX, MILA:CMX, FRA:IVV1, BER:IVV1) Chairman Terry Lynch was interviewed on Resource Stock Digest where he spoke about the company's recent drilling at the Large Bass River Target located in Nova Scotia, and working with Southern Rock Geophysics to identify IOCG Targets at Zulema in Chile.Read full newsRead More
Thunderstruck Resources (TSXV:AWE) Technical Consultant Kris Raffle provided updates on the company's projects in Fiji, specifically Rama Creek Copper/Gold Porphyry and the Liwa Creek Gold Prospect.Read full newsRead More
FTSE 100 down 47 points to 7,443US non-farm payroll additions come in above expectationsUS wage growth makes March rate hike likely Dollar resurgence weighs heavily on Footsie stocksBitcoin drops below US$8,000 before rallyingWith the dollar galvanised by the US jobless figures, which made a US rate hike next month more likely, UK stocks were under the cosh.Miners, in particula...Read More
The AIM Journal's Andrew Hore tells Proactive that OneView Group plc (LON:ONEV) has kicked off a project with the Australian Postal Corporation (Australia Post).Under the contract, OneView will produce a proof of concept of a Sales & Service Platform.Hore also discusses his recent trip to Portugal for Frontier IP's (LON:FIPP) capital markets day.Plus he mentions he's been in to see both NWF Gr...Read More
Dave Allmond, chief commercial officer at Amryt Pharma PLC (LON:AMYT), discusses with Proactive their fourth distribution deal signed in three months for Lojuxta.Lojuxta treats a very rare, life-threatening genetic condition which causes "bad cholesterol" to accumulate in the body. This latest agreement, covering Romania and Bulgaria, is with Romastru Trading, part of the Pharaon Healthcare E...Read More
Purplebricks Group PLC (LON:PURP) has seen its stock fall today after a row erupted between the online estate agent and US broker Jefferies.In a punchy 'sell' note, analysts at the US investment bank claimed Purplebricks' shares were worth just 95p - far below the 475p they were trading at the time.They cited concerns over the number of homes that actually end up getting sold through the agent, an...Read More
The stronger oil price seen in recent months was bound to encourage shale production and this week numbers from the US met predictions.In early trading on Friday, Brent crude was close to US$70 with WTI above US$66 a barrel.The strength in the market was welcomed by key players, especially the international oil companies who are reporting this month.Goldman Sachs sets aggressive targetA few major...Read More
Once again there will be some quality corporate earnings to be released in the coming week, notably from oil major BP PLC (LON:BP) and drugs giant GlaxoSmithKline plc (LON:GSK), while the first Bank of England monetary policy decision of 2018 and latest UK inflation report will also be eyed.Back in November, all but two members of the BoE's Monetary Policy Committee (MPC) voted to increase interes...Read More
Red Pine Exploration Inc. (TSXV:RPX) ("Red Pine" or the "Company") is pleased to announce that Ms. Tara Gilfillan, CPA, ICD.D has been appointed as Red Pine's Chief Financial Officer effective immediately.Read full newsRead More
Sojourn Exploration Inc. (TSXV:SOJ) ('Sojourn' or the 'Company') has joined forces and properties with Seven Devils Exploration Ltd. ('Seven Devils'), a private mineral exploration company owned by a renowned exploration team with a track record of discovery and a portfolio of exciting, early stage porphyry copper-gold projects.Read full newsRead More
BTU METALS CORP. ("BTU" or the "Company") (BTU:TSXV) reports that it is currently mid-way through the previously announced drill program at its Shakespeare Gold properties (PR November 14, 2017) including the historic Shakespeare Mine shaft.Read full newsRead More
Bob Benbow, chief executive at Chaarat Gold Holdings Ltd (LON:CGH), tells Proactive's Andrew Scott they've significantly increased the resource estimate at their Tulkubash deposit - part of the firm's project in the Kyrgyz Republic in Central Asia.The last estimate suggested there were just over 800,000 ounces of gold there, but this latest update puts that figure closer to 1mln oz. Meet Ang...Read More
Mining Capital's Alastair Ford chats about how ongoing strength in the global economy is powering mining, with mining company share prices doing well compared to a few years ago.Two elements contributing to this are more demand for metals and how much they can sell metals for -- a weaker dollar is contributing to higher metals prices.Small gold operations in the market need to factor in how sterli...Read More
Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated. Not only is the Permian basin accounting for much of the new oil production in the U.S., but a relatively small number of counties within the Permian are home to most of that action.The drilli...Read More
Tim McCarthy, chairman of ImmuPharma PLC (LON:IMM), caught up with Proactive's Andrew Scott to run through the latest on their Phase III Lupuzor study, results of which are due by the end of this quarter, as well as adding further detail to their 'follow-up' study which will allow eligible patients to continue to receive Lupuzor for another six months.The results will be gathered as an 'extension'...Read More
George Roach, chief executive of Premier African Minerals Limited (LON:PREM), tells Proactive they've found more high-grade intersections through their latest programme of step-out drilling at the Zulu lithium deposit in Zimbabwe.Two holes, 250m east of the Main Zone, intersected multiple pegmatites with average grades of 1.17% and 1.04% lithium oxide. Meet Anglo Asian Mining Plc, Condor Gol...Read More
Global miner Rio Tinto (ASX, LON:RIO) is said to be once again chasing a $5bn stake in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer, following the resolution of a long-dragged dispute between the company and the country's government over royalties in Salar de Atacama.The deal between SQM and Chile's development agency Corfo, reached last month, freed the lit...Read More
Mining Capital's Alastair Ford chats about how ongoing strength in the global economy is powering mining, with mining company share prices doing well compared to a few years ago.Two elements contributing to this are more demand for metals and how much they can sell metals for -- a weaker dollar is contributing to higher metals prices.Small gold operations in the market need to factor in how sterli...Read More