Great Atlantic Resources (TSXV.GR) announced that, in the spring of 2018, it will start drilling at its Porcupine base metal - precious metal - rare earth element project located in the eastern Canadian province of New Brunswick. The site is approximately 50 kilometres west of the city of Miramichi and occupies a land package of 2,830 hectares.Following the approval of a diamond drilling permit fo...Read More
The Company announces that, subject to TSX Venture Exchange ('Exchange') approval, it is undertaking a non-brokered private placement comprised of up to 13,333,333 units of the Company (the 'Units') at an issue price of $0.075 per Unit for gross proceeds of up to $1,000,000 (the 'Offering').Read full newsRead More
* No deal after Trump, Schumer meet* 10-year Treasury yields highest since Sep 2014* Euro zone stock index hits 10-yr high (Updates with U.S. market close, oil settlement prices)By Chuck MikolajczakNEW YORK, Jan 19 (Reuters) - World equity markets climbed to a record on Friday as the U.S. dollar held near three-year lows and a U.S. government shutdown loomed, while U.S. Treasury yields continued t...Read More
TORONTO, Jan 19 (Reuters) - Canada's main stock index rose on Friday in a broad-based rally that was led by financial and industrial shares, while lower oil prices weighed on energy stocks.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 68.99 points, or 0.42 percent, at 16,353.46. Nine of the index's 10 main groups ended higher. (Reporting by Fergal Smith Editing by...Read More
SAO PAULO, Jan 19 (Reuters) - Brazil state-controlled oil company Petroleo Brasileiro SA and construction conglomerate Odebrecht SA have agreed on a transaction to migrate all Braskem shares into a single class of stock, the oil company said in a securities filing on Friday.Petrobras said the objective is to improve Braskem's corporate governance through the transaction. Currently, Braskem has com...Read More
Gold mining stocks lagged behind gains for the precious metal last year, but they could overtake the gold rally in 2018. "Gold miners have been underperforming gold for the last several years, which is not unusual during a bear market or falling price," said Peter Spina, president and chief executive officer of GoldSeek.com. "But over the prior few years as gold has moved hundreds of dollars off...Read More
Jan 19 (Reuters) - Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed.The Dow Jones Industrial Average rose 53.71 points, or 0.21 percent, to 26,071.52, the S&P 500 gained 12.28 points, or 0.44 percent, to 2,810.31 and the Nasdaq Composite added 40.33 points, or 0.55 percent, to 7,336.38. (Reporting By Sinead Carew Editing by Chizu Nomiya...Read More
ALL TIMES IN EST/GMT -------------------------------------------------------1100/1600: The USDA releases weekly U.S. export inspections for grains, oilseeds.1100/1600: The Treasury Dept. announces weekly sale of 4-week bills.1130/1630: The Treasury Dept holds weekly sale of 3-, 6-month bills.------------------------------------------------------- DIARY - Federal Reserve Events U.S. Indicators (Was...Read More
* Randal Quarles warns revising rule will be substantial effort* Fed also looking to recalibrate leverage ratio, liquidity rules* Says he aims to 'improve' upon, not gut, post-crisis rules By Michelle PriceWASHINGTON, Jan 19 (Reuters) - A top bank regulator at the U.S. Federal Reserve is planning several imminent changes that Wall Street has wanted involving capital rules, proprietary trading and...Read More
The recent strength in the oil market was bound to attract new entrants and this week the sentiment feared a rise in US production would weigh on the price.In early trading on Friday, Brent crude was priced above US$68 with WTI holding around US$63 a barrel.The week started well with a stronger oil price not seen since the end of 2014 and Brent crude above US$70 a barrel.Traditionally slower deman...Read More
AFC Energy plc (LON:AFC) told investors that the quarter ended December 31 was important as the company "achieved very significant improvements" for its fuel cell system. The company said it now believes the system has demonstrated a platform for future commercial deployment, with the projected performance ahead of objectives set in 2017. Indeed, it added that successful results from early operati...Read More
* Republicans scramble for funding deal before midnight deadline* Some see modest market effect from a U.S. government shutdown* Euro near 3-year high, yen close to 4-month high vs dollar* Rising U.S. yields fail to lift greenback (Updates market action, adds quote, graphic)By Richard LeongNEW YORK, Jan 19 (Reuters) - The dollar held steady above a three-year low versus a basket of currencies on F...Read More
NEW YORK, Jan 19 (Reuters) - Speculators' net short dollar bets rose in the latest week to the largest position since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and C...Read More
By Caroline ValetkevitchNEW YORK, Jan 19 (Reuters) - The dollar's drop to three-year lows this week after prolonged weakness in 2017 is expected to further boost profits at big U.S. companies when investor optimism is already high over corporate tax cuts.Investors are keeping an eye out for signs of the dollar's impact on company earnings as fourth quarter reporting ramps up next week.U.S. multina...Read More
Mining Capital's Alastair Ford talks Lithium, Cobalt and the growing electric vehicle market.Ford discusses the lithium assets of Savannah Resources Plc (LON:SAV) as well as European Metals Holdings Ltd (ASX:EMH; LON:EMH) and Bacanora Minerals Ltd (LON:BCN)(CVE:BCN).He says he's been speaking with the team at Cadence Minerals Plc (LON:KDNC) (OTC: KDNCY), who have significant investments in b...Read More
(Kitco News)- There is still lots of value in the gold market as priceshold near a four-month high, according to the manager of the third largestgold-backed investment firm in North America.John Ciampaglia, CEO of Sprott Asset Management (SAM), saidin an interview with Kitco News that he sees last year’s 12% rally in gold as thestart of a bigger long-term move, adding that investors are star...Read More
Triumph Gold Corp. (TSXV:TIG) (OTCMKTS: TIGCF) ('Triumph Gold' or the 'Company') is pleased to announce that it will be exhibiting at the AME BC Roundup Core Shack on Wednesday, January 24 and Thursday, January 25.Read full newsRead More
(Adds comments)By Ann SaphirSAN FRANCISCO, Jan 19 (Reuters) - The Federal Reserve should continue to raise rates at a gradual pace during 2018, San Francisco Federal Reserve Bank President John Williams said on Friday, saying he expects the recent tax cuts and other tailwinds to boost economic growth this year."Right now my base case is that three rate increases for 2018 seems like a good st...Read More
Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) is pleased to announce that it will be participating in the AME BC Roundup Conference's Core Shack on January 22nd and 23rd.Read full newsRead More
It's a mixed session on Wall Street today, as traders await updates on the budget showdown in D.C. Among individual stocks making notable moves are embattled blue chip General Electric Company (NYSE:GE), pharmaceutical firm Valeant Pharmaceuticals Intl Inc (NYSE:VRX), and e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN). Here's a quick look at what's moving shares of GE, VRX, and AMZN.GE Stock Hit...Read More