Wheaton Precious Metals' (TSE: WPM) shares surged over 14% Friday, following the company's announcement that it had a reached settlement with the Canada Revenue Agency (CRA). The settlement provides for a final resolution of Wheaton's tax appeal in connection with the reassessment under transfer pricing rules for 2005 to 2010.Wheaton Precious Metals is one of the largest precious metals streaming...Read More
Wheaton Precious Metals' (TSE: WPM) shares surged over 14% Friday, following the company's announcement that it had a reached settlement with the Canada Revenue Agency (CRA). The settlement provides for a final resolution of Wheaton's tax appeal in connection with the reassessment under transfer pricing rules for 2005 to 2010.Wheaton Precious Metals is one of the largest precious metals streaming...Read More
Micron will report earnings after next Tuesday's closeMicron Technology, Inc. (NASDAQ:MU) earnings are due after the close next Tuesday, Dec. 18. The graphics chip stock has a history of positive earnings reactions, closing higher the next day in five of the past eight quarters. Options traders today are betting on more of the same this time around, even as MU stock trades near a trendline with hi...Read More
The analyst downgraded Walgreens stock to "sell"A downgrade from Goldman Sachs has shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) reeling today. At last check, the stock is 3.7% lower to trade at $79.27. The analyst cut WBA to "sell" from "neutral," citing a deteriorating retail pharmacy business and "issues facing core growth drivers." Goldman also slashed its price target on the stock to $6...Read More
H.C. Wainwright upgraded the shares to "buy" and set a lofty price targetWhile most healthcare stocks are taking their cues from Johnson & Johnson (JNJ) today, the shares of Bausch Health Companies Inc (NYSE:BHC) -- formerly Valeant Pharmaceuticals -- are in the black, thanks to some upbeat analyst attention. Specifically, H.C. Wainwright upgraded BHC shares to "buy" from "neutral," and more than...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
High expectations often come at a cost. For Chile's President Sebastian Pinera, the second year in office looks to be riddled with challenges in keeping up with lofty promises of economic revival, passing important tax and pension reforms in a congress where he does not have majority, and unraveling redtape to stoke investment. Not to mention, the risk of the global trade war that would hurt coppe...Read More
The Dow and S&P 500 are heading toward weekly lossesAfter a rough start for stocks in December, volatility was the name of the game this week on Wall Street. The Dow, S&P 500 Index (SPX), and Nasdaq Composite (IXIC) endured wild swings all week, as investors monitored an onslaught of U.S-China trade headlines. A resurgent tech sector helped ease the blow, setting the Nasdaq up for a weekly win. Th...Read More
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Falcon Gold (TSXV: FG) reported that it completed its 2018 exploration program this week on the Esperanza Resources mineral concessions located in La Rioja province, western Argentina.According to Falcon Gold, the work program was focused on three of its seven concessions, namely ERSA VIII, IX, and X. The idea was to advance the company's knowledge of the historically identified gold, silver and c...Read More
Falcon Gold (TSXV: FG) reported that it completed its 2018 exploration program this week on the Esperanza Resources mineral concessions located in La Rioja province, western Argentina.According to Falcon Gold, the work program was focused on three of its seven concessions, namely ERSA VIII, IX, and X. The idea was to advance the company's knowledge of the historically identified gold, silver and c...Read More
Falcon Gold (TSXV: FG) reported that it completed its 2018 exploration program this week on the Esperanza Resources mineral concessions located in La Rioja province, western Argentina.According to Falcon Gold, the work program was focused on three of its seven concessions, namely ERSA VIII, IX, and X. The idea was to advance the company's knowledge of the historically identified gold, silver and c...Read More
Falcon Gold (TSXV: FG) reported that it completed its 2018 exploration program this week on the Esperanza Resources mineral concessions located in La Rioja province, western Argentina.According to Falcon Gold, the work program was focused on three of its seven concessions, namely ERSA VIII, IX, and X. The idea was to advance the company's knowledge of the historically identified gold, silver and c...Read More
SUEK is one of the world's leading coal producers, the largest coal producer, supplier and exporter in Russia, as well as a leading heat and electricity producer in Siberia.The recently signed order end of October includes the delivery of 10 Sandvik MB670-1 Bolter Miners and 2 Sandvik MH621 Roadheaders - with an option for another 2 Sandvik MH621 Roadheaders. The new machines will provide improved...Read More
Canada's Minister of Environment and Climate Change, Catherine McKenna, said this week that if mitigation measures are taken, Greenstone Gold Mines' Hardrock gold project is not likely to cause significant adverse environmental effects.The project consists of the construction, operation, decommissioning, and abandonment of an open pit gold mine and onsite metal mill located near Geraldton, in nort...Read More
Canada's Minister of Environment and Climate Change, Catherine McKenna, said this week that if mitigation measures are taken, Greenstone Gold Mines' Hardrock gold project is not likely to cause significant adverse environmental effects.The project consists of the construction, operation, decommissioning, and abandonment of an open pit gold mine and onsite metal mill located near Geraldton, in nort...Read More
Canada's Minister of Environment and Climate Change, Catherine McKenna, said this week that if mitigation measures are taken, Greenstone Gold Mines' Hardrock gold project is not likely to cause significant adverse environmental effects.The project consists of the construction, operation, decommissioning, and abandonment of an open pit gold mine and onsite metal mill located near Geraldton, in nort...Read More
* Coal bosses say coal needed for now* Big business seek to address investment risk* Coking coal for steel seen as a strategic mineralKATOWICE, Poland - Delegates at U.N. climate talks in the Polish city of Katowice point to the mining museum next to the conference venue as the proper place for coal, which provides 80 percent of the country's electricity.Poland's decision to host the negotiations...Read More
The Dow and S&P are set to close the week in the redThe Dow Jones Industrial Average (DJI) is sharply lower at midday, amid pressure from Johnson & Johnson (JNJ). The shares of the consumer products specialist are down on news the company was aware of asbestos in its baby powder products for years. Weakness in U.S. stocks is also attributed to concerns over the health of the global economy. Speci...Read More
China announced that it would temporarily halt additional tariffs on U.S.-made autos Shares of Ford Motor Co. (NYSE:F) are up 1.5% at $8.62 in earlytrading -- bucking the broad-market trend lower -- after China confirmed that it would postpone additional tariffs on U.S.-made cars for another three months. Ford Motor's Joe Hinrichs, president of the Americas unit, said, "We are very encouraged by...Read More