Vancouver-based Golden Predator has agreed to purchase 100% of the Reef gold property from Precipitate Gold. The Reef property is 200 km north of Watson Lake, adjacent to Golden Predator's 3 Aces gold project. The purchase of the Reef property consolidates Golden Predator's holdings in the district.The original option agreement signed in February 2017 has been amended, saving Golden Predator $450,...Read More

Toronto-based Iamgold Corp. (70% owner) and Sumitomo Metal Mining Co. (30% owner) of Japan have announced the discovery of a new gold zone at their C??t?(C) project 125 km southwest of Timmins, Ontario. The new zone of intrusive-hosted mineralization has been named the Gosselin zone.Drill cores from the new zone yielded the following assays:Hole CL15-39EXT: 0.81 g/t gold over 350.0 metres, includi...Read More

The final demise of South Africa's gold industry came a step nearer on Wednesday with the announcement that Sibanye Gold Ltd. won't extend the life of Driefontein, once the biggest mine on the continent.Last year the mine, more than 2 miles (3,200 meters) deep, produced about 300,000 ounces of gold, just a fifth of its peak output two decades ago. Now Sibanye will wind down Driefontein's operation...Read More

US gold giant Newmont Mining (NYSE:NEM) has put together an executive leadership team that will come into effect once its acquisition of Canada's Goldcorp (TSX:G) (NYSE:GG) is completed, which is expected to happen in the second quarter.Newmont says the team will include some of the industry's top talent and most experienced mining executives known for superior operational execution, consistent pr...Read More

South Africa's Sibanye-Stillwater will explore changing its primary listing in a bid to access more capital as it explores growth opportunities outside its home market, chief executive Neal Froneman said on Wednesday.The precious metals producer, which has both gold and platinum mines in South Africa and platinum group metals (PGM) operations in the United States, said it was looking into opportun...Read More

The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 major companies, said Wednesday it was working with the United Nations Environment Programme (UNEP) and ethical investors to devise global standards for tailings dams.The initiative is in response to the recent tragedy at Vale's Corrego do Feij??o mine in Brazil, where a tailings collapsed in Janua...Read More

The western Canadian Province of British Columbia approved a 5-year extension of Seabridge Gold's (TSX: SEA) (NYSE: SA) Environmental Assessment certificate for the KSM project, which has been described as one of the largest undeveloped gold projects in the world, measured by reserves.Located in north-western British Columbia, KSM has proven and probable reserves of 38.2 million ounces of gold a...Read More

Margaux Resources (TSXV: MRL) executed a definitive agreement this week with Wildsky Resources (TSXV: WSK) that refers to an option to acquire a 100% interest in the Cassiar gold project in northern British Columbia.The property, including all existing infrastructure such as a 270 tonne per day flotation and gravity mill and a tailings storage facility, is held by Cassiar Gold, a wholly-owned subs...Read More

A World Health Organization study shows that over 35% of the gold mines in the Democratic Republic of Congo (DRC) are at risk of being affected by the ongoing Ebola outbreak in the country, which is the world's top cobalt producer and a significant copper and gold producer. The DRC generates more than 60% of the world's cobalt, a key material for making the batteries that power electric cars.Barr...Read More

Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) will invest $50 million into expanding its 80%-owned Fekola mine in southwestern Mali, which could take the operation's processing throughput to 7.5-million tonnes a year, up from the current 6-million tonne throughput.The decision comes as the results of a preliminary expansion assessment (PEA), published on Wednesday, recommended an expansio...Read More

Import prices for stainless steel in East Asia remained steady over the past week amid a lack of trading activity, with sellers maintaining their offer levels despite buying interest being weak due to nickel's downtrend.Fastmarkets' weekly import price assessment for benchmark 304 stainless 2mm trimmed cold-rolled coil in East Asia was unchanged at $2,040-2,130 per tonne cif on Wednesday Marc...Read More

Domestic prices for hollow steel sections in Northern Europe narrowed this week, while market participants failed to agree on the likely future direction of prices, sources told Fastmarkets on Wednesday March 27.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe narrowed by ?,?5 per tonne at the low end of the range o...Read More

* FTSE 100 down 0.03 pct * FTSE 250 down 0.01 pct * Oil weighs on the index, financials gain * Debenhams surges on Sports Direct's possible bid * Midcap Avast drops after discounted stake sale (Adds company news items, changes quote, updates to closingprices throughout)By Muvija M and Yadarisa ShabongMarch 27 (Reuters) - London's FTSE 100 struggled to stayafloat ahead of indicative votes on a seri...Read More

The DJI briefly turned positive in late-day tradingThe Dow explored a 332-point range on both sides of breakeven. The bulk of the action occurred to the downside as a cooling 10-year Treasury yield and disappointing data out of China reignited concerns over a slowing global economy, while sinking crude futures weighed on oil major Exxon Mobil (XOM). Strong sessions for Apple (AAPL) and Boeing (BA)...Read More

Meanwhile, Shoe Carnival is one of the best stocks on the Street todayThe Dow is declining today as Wall Street continues to focus on falling Treasury yields. Three stocks making big moves are weed concern Cronos Group Inc (NASDAQ:CRON), homebuilder Lennar Corporation (NYSE:LEN), and retailer Shoe Carnival, Inc. (NASDAQ:SCVL). Below, we'll take a closer look at the shares of CRON, LEN, and SCVL. A...Read More

Steel H-beam prices in the Northern European market widened this week because of a slowdown in increases to feedstock costs and poorer market conditions, while Southern European prices narrowed, sources told Fastmarkets on Wednesday March 27.The price changes were on the lower ends of the price range in both markets. Prices at the top ends of the ranges were unchanged.Fastmarkets' weekly price ass...Read More

CVS puts are going at an exceptional paceDrugstore name CVS Health Corp (NYSE:CVS) is lower with Centene (CNC) today, after the latter announced its plan to acquire WellCare Health (WCG) for an estimated $17.3 billion. CVS is also scheduled to appear before congress next week -- alongside major pharmaceutical names -- to discuss high prescription drug prices. At last check, CVS Health stock is do...Read More

The analyst initiated coverage with a "buy" rating and lofty price targetBiotech concern Xencor Inc (NASDAQ:XNCR) is higher today, after Berenberg Capital Markets initiated coverage with a "buy" rating and a $45 price target, which represents an almost 50% premium to Tuesday's close at $31.54. The brokerage firm predicts a rebound for XNCR, and waxed optimistic on the company's Ultomiris and MOR-2...Read More

* German Bund yield tumbled to -0.09 pct* ECB's Draghi says rate hike timing can be delayed further * Talk about tiered rates for banks grows, bank stocks rally * Money markets slash ECB rate hike bets * Inflation expectations fall* Euro zone periphery govt bond yields (Updates prices)By Dhara Ranasinghe and Virginia FurnessLONDON, March 27 (Reuters) - Germany's long-dated borrowingcosts were on t...Read More

The health insurer announced a big purchase earlierThe shares of Centene Corp (NYSE:CNC) are spiraling, after the U.S. health insurer said it was buying rival WellCare Health Plans (WCG) in a cash-and-stock deal valued at $17.3 billion, including debt. The purchase is expected to boost CNC's Medicaid division, as well as its exposure to the Medicare Advantage market, and comes amid a renewed effor...Read More