JOHANNESBURG - A South African union has filed an appeal to overturn a mining deal in which Sibanye-Stillwater intends to acquire rival Lonmin , Sibanye said on Wednesday.The Association of Mineworkers and Construction Union (AMCU), protesting to job cuts related to the deal, launched an appeal with the Competition Appeals Court. The union's action comes almost a month after the Competition Tribun...Read More
JOHANNESBURG - A South African union has filed an appeal to overturn a mining deal in which Sibanye-Stillwater intends to acquire rival Lonmin , Sibanye said on Wednesday.The Association of Mineworkers and Construction Union (AMCU), protesting to job cuts related to the deal, launched an appeal with the Competition Appeals Court. The union's action comes almost a month after the Competition Tribun...Read More
Preliminary results from a bulk sample taken at its Windfall Lake deposit in Quebec delivered an average head grade of 9.7 grams gold per tonne and 5.5 grams silver per tonne, Osisko Mining (TSX: OSK) reports.The sample head grade from Zone 27 is 39% higher than indicated in the resource block model for the area, a "strong result" and "an early Christmas gift to our shareholders," John Burzynski,...Read More
Preliminary results from a bulk sample taken at its Windfall Lake deposit in Quebec delivered an average head grade of 9.7 grams gold per tonne and 5.5 grams silver per tonne, Osisko Mining (TSX: OSK) reports.The sample head grade from Zone 27 is 39% higher than indicated in the resource block model for the area, a "strong result" and "an early Christmas gift to our shareholders," John Burzynski,...Read More
Preliminary results from a bulk sample taken at its Windfall Lake deposit in Quebec delivered an average head grade of 9.7 grams gold per tonne and 5.5 grams silver per tonne, Osisko Mining (TSX: OSK) reports.The sample head grade from Zone 27 is 39% higher than indicated in the resource block model for the area, a "strong result" and "an early Christmas gift to our shareholders," John Burzynski,...Read More
Both drug stocks have pulled back from multi-year highs Despite today's gains, the healthcare sector has been under pressure lately amid the recent Obamacare court ruling. If history is any guide though, there could be clear skies ahead for blue chip Merck & Co., Inc. (NYSE:MRK) and cardiovascular disease specialist Amarin Corporation (NASDAQ:AMRN), both of which are flashing the same bullish s...Read More
It all started so well in 2018 for investors in European metal and mining stocks, as copper led a base-metals rally to multi-year highs in a time before trade turmoil gripped markets. But, as the year closes, the sector index is languishing about 25 percent below its June peak.Fractious rhetoric between Washington and Beijing over tariffs, plus growing worries about the state of China's economy un...Read More
It all started so well in 2018 for investors in European metal and mining stocks, as copper led a base-metals rally to multi-year highs in a time before trade turmoil gripped markets. But, as the year closes, the sector index is languishing about 25 percent below its June peak.Fractious rhetoric between Washington and Beijing over tariffs, plus growing worries about the state of China's economy un...Read More
It all started so well in 2018 for investors in European metal and mining stocks, as copper led a base-metals rally to multi-year highs in a time before trade turmoil gripped markets. But, as the year closes, the sector index is languishing about 25 percent below its June peak.Fractious rhetoric between Washington and Beijing over tariffs, plus growing worries about the state of China's economy un...Read More
The Dow is eyeing a second straight win at middayThe Dow Jones Industrial Average (DJI) is gaining for the second straight day, as Caterpillar (CAT) pops on the latest trade news. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are higher, as well, though today's gains are coming amid low trading volume, with traders taking a wait-and-see approach before the Fed's policy decision this afternoo...Read More
The Marac??s Menchen MineLargo Resources (TSX: LGO; US-OTC: LGORF) drilled 24 holes totalling 4,223 metres during phase two drilling at its Novo Amparo Norte (NAN) vanadium deposit. The deposit lies 6.5 km north of Largo's Campbell pit at its Maracas Menchen vanadium mine in Bahia State, Brazil. NAN is the northernmost zone of known mineralization at the project.Highlights from the program's first...Read More
The company's 2019 forecast exceeded expectationsShares of Eli Lilly and Co (NYSE:LLY) are up 3.2% to trade at $109.85, after the company issued 2019 guidance above analyst expectations. The pharmaceutical giant cited high demand for some of its newer medicines, and lifted its quarterly dividend by 15%. LLY stock has remained relatively strong amid the broader stock market correction. The shares t...Read More
A pair of retail stocks could suffer after the Fed statementDespite public pleading from President Donald Trump and recent dovish commentary from Fed Chair Jerome Powell and company, the Fed is widely expected to announce another rate hike this afternoon. Since the current tightening cycle began in 2015, rate hikes have preceded weaker-than-usual price action for the broader S&P 500 Index (SPX). W...Read More
American insider sentiment is climbing which suggests the trend is for stocks to become cheaper. That is good news for investors with patient cash and looking for bargains, but bad news for long bulls who hunger for a quick turnaround in stocks.Click for largerThe near-term path for stocks may well depend on what the Federal Reserve does with interest rates Wednesday and the approach it sets for...Read More
SPOKANE, WA - The American Exploration & Mining Association (AEMA) honored NOVAGOLD Resources Inc. with AEMA's Platinum Award for Corporate Excellence at its 124th Annual Meeting earlier this month in Spokane, WA. The award was presented to NOVAGOLD for designing the Donlin Gold project to incorporate a strong culture of safety, environmental stewardship, and community engagement with the potentia...Read More
It was a great year for Africa-focused Gem Diamonds (LON:GEMD), as the company recovered a record number of huge precious stones from its flagship Let??eng mine in Lesotho.With the two latest, a high quality 101 carat and 71 carat white Type IIa diamond, both recovered within a 24-hour period, the number of stones over 100 carats dug up at the mine reached a record 14, the company said Wednesday...Read More
It was a great year for Africa-focused Gem Diamonds (LON:GEMD), as the company recovered a record number of huge precious stones from its flagship Let??eng mine in Lesotho.With the two latest, a high quality 101 carat and 71 carat white Type IIa diamond, both recovered within a 24-hour period, the number of stones over 100 carats dug up at the mine reached a record 14, the company said Wednesday...Read More
BEIJING - Representatives from China's biggest aluminium producers will hold a meeting in the southern region of Guangxi to discuss slumping demand and falling prices, three sources familiar with the matter said on Wednesday.The producers held a similar gathering in late 2015 and the meeting comes as a protracted price decline leaves smelters struggling to turn a profit, even after significant out...Read More
Morgan Stanley said the bottom still isn't in sight for the chip sectorAs Wall Street digests a post-earnings slide from Micron Technology (MU), other chip stocks are in focus, as well. This follows a note out of Morgan Stanley that urged investors to "stay cautious" on the semiconductor industry, with the firm calling out weakness from almost all key markets, on top of valuations it still sees as...Read More
ReutersFederal Reserve Chairman Jerome Powell delivers the semi-annual Monetary Policy Report to the House Financial Services Committee. When Federal Reserve Chairman Jerome Powell says the central bank is data dependent, a fair question to ask is, what data? Looking at the minutes from previous Federal Open Market Committee decisions - and from the economic review the staff makes in particular -...Read More