The company maintained an ambitious level of capital expenditures in 2017.Strong leverage metrics support capital.The company delivers consistent production and reducing cost at South Deep mine project. Investment Thesis Headquartered in Johannesburg, South Africa, Gold Fields Ltd (NYSE:GFI) holds gold reserves in Ghana, Australia, South Africa and Peru. It is also engaged in other related activit...Read More
Spot bullion gains for 8th day to the highest since SeptemberPrecious metal advanced in 2017 even as Fed hiked three timesGolden Cross for Gold a Bullish Sign, Says StreibleGold is starting the new year on the front foot. Bullion advanced for an eighth session to head for the longest stretch of gains since mid-2011, building on an annual surge.Bullion for immediate delivery advanced 0.9 percent to...Read More
The S&P 500 delivered returns just shy of 20% in 2017.The Nasdaq gained more than 28%, with household name tech stocks like Facebook, Netflix, and Amazon leading the way higher. Each of these plays boasts 2017 gains of more than 50%.But the cryptocurrency space tops them all. Bitcoin launched to ridiculous 12-month gains of more than 1,300% - even after retreating more than $5,000 from its Dec...Read More
Happy New Year!It's time to welcome in a brand new trading season. As a 25-year trading floor veteran I know what that means...Everyone, and I mean EVERYONE always wants to know what I'm hearing on the floor. People want to know the must-have stocks for 2018...and the must-follow sectors.So I'll cut to the chase and spill the beans right here. Consider this your 2018 "insiders" trade briefing...If...Read More
Dear Reader,An out-of-town visitor, ears a-perk and eyes a-pop, signs onto a bus tour of New York City…The tour concludes at the downtown waterfront, just down the holler from the Financial District.The nautical estates of the 1% bob in the easy swells off Lower Manhattan.“Here are the yachts of our bankers and stockbrokers,” gloats the tour guide, beaming with local pride.Then c...Read More
Happy New Year!Time to welcome in a brand new trading season!As a 25-year trading floor veteran I know what that means...Everyone... and I mean EVERYONE always wants to know what I'm hearing on the floor. People want to know the must-have stocks for 2018...and the must-follow sectors.So I'll cut to the chase and spill the beans right here. Consider this your 2018 "insiders" trade briefing...If we...Read More
Happy New Year!Today is the first time in 2018 that the stock market is open and here are the 5 most important things you need to know to start your year off right.Marijuana Goes Mainstream – On Monday, January 1st, a California law allowing the broad use of recreational marijuana officially went into effect. As of yesterday, anyone 21 and older can now purchase marijuana at licensed retaile...Read More
A newly funded study of Colorado residents exposed to drinking water contaminated by firefighting foam used at a U.S. Air Force base was recently featured by multiple news outlets. Researchers at Colorado School of Mines and the Colorado School of Public Health at the University of Colorado Anschutz Medical Campus are collaborating on the study, which is being funded by the National Institute of E...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellRaymond James Ltd.'s Lori Pinkowski and Seth Allen deny that they did anything wrong in handling the portfolio of a disgruntled North Vancouver retiree. They say that the client understood his investments were going into a discretionary account and th...Read More
by: Northern Miner Staff Writer, SEPTEMBER 27, 2017The geological model Bonterra Resources (TSX-Venture: BTR) is applying to its Gladiator gold project in the Abitibi belt of Quebec is proving to be a reliable predictor of where extensions of the already substantial deposit will appear.As a result, the Vancouver-based company has been able to quickly expand the known gold mineralization along s...Read More
Jan 03, 2018 Guest(s): Scott Gamm TheStreet.com Year 2017 saw the S&P 500 gain nearly 20%, the best performance since 2013, and some strategists expect the New Year to yield further growth in the broad equity markets. Kitco News' Daniela Cambone is joined by The Street's Scott Gamm to discuss bank analysts' expectations for U.S. stock markets in 2018. "Bank of America Merrill Lynch, J.P. Mor...Read More
by: Northern Miner Staff Writer, SEPTEMBER 27, 2017The geological model Bonterra Resources (TSX-Venture: BTR) is applying to its Gladiator gold project in the Abitibi belt of Quebec is proving to be a reliable predictor of where extensions of the already substantial deposit will appear.As a result, the Vancouver-based company has been able to quickly expand the known gold mineralization along s...Read More
Dominion Energy and Scana Corporation have today announced an agreement for them to combine in a stock-for-stock merger. They said the agreement calls for "significant benefits" to Scana's South Carolina Electric & Gas Company subsidiary (SCE&G) electricity customers to offset previous and future costs related to the withdrawn VC Summer units 2 and 3 nuclear power plant project.After the c...Read More
The Ontario Energy Board (OEB) has published its decision on Ontario Power Generation's (OPG's) application regarding payments for regulated nuclear and hydropower output in 2017-2021. While approving budgets for the refurbishment and extended operation of reactors, the regulator called for OPG to cut costs. Six of government-owned OPG's hydropower plants and three nuclear power plants - Pickerin...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close on Wednesday January 3, with lead the only metal to finish the day in positive territory. "Lead put in a steady performance while the rest of the metals faltered, underpinned by a positive fundamental picture and tighter LME conditions," Sucden Financial said. "With FOMC minutes from the December meeting due for release...Read More
In a holiday-dominated period, global copper premiums were unchanged in the three major regions over the past week. US premiums were flat once again with the end of mating season and holiday season squashing interest. Outside of Italian premiums, European spot markets were similar to that in the United States. Shanghai premiums were unchanged with Chinese investors on an extended holi...Read More
No society that depends on money can work for long if nobody knows the true value of things, including the value of money itself. The price of attempting to live in a culture of pervasive dishonesty is that a re-set is inevitable. When it happens, it will be hugely destabilizing. - James KunstlerPhillips Curve R.I.P. - Paul Craig RobertsFor a decade central banks have printed enormous quantitie...Read More
Zinc and lead concentrate treatment charges (TCs) were little changed throughout December despite Glencore's decision to restart production at its Lady Loretta mine in Australia in 2018.Glencore will add 100,000 tonnes of zinc - or roughly 200,000-220,000 tonnes of zinc concentrates - to the market in 2018 via the restart at Lady Loretta and will subsequently ramp up another 60,000 tonnes per year...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China. Blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals are taken into consideration.The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China. Blue tungsten oxide (BTO) and yellow tungst...Read More
Fireweed Zinc (FWZ.V) has now released all drill results of its 2017 drill campaign (with some stellar intervals reported in a December update with for instance 38 meters (true width!) containing almost 16.5% zinc-lead, including 25 meters of 21% Zinc-Lead, which are amazing results).The 2017 drill program was extremely successful as not only did it confirm the historical drill results, it also in...Read More