TORONTO, Nov 5 - If all goes according to plan, Barrick Gold will have fewer mines and workers one year after acquiring Africa-focused Randgold Resources, the Canadian miner's executive chairman said on Monday, as its investors approved the deal.Votes were 99.8 percent in favor of the $6.1 billion, no-premium transaction, Barrick said, confirming a Reuters report. After Randgold's Nov. 7 vote, the...Read More
TORONTO, Nov 5 - If all goes according to plan, Barrick Gold will have fewer mines and workers one year after acquiring Africa-focused Randgold Resources, the Canadian miner's executive chairman said on Monday, as its investors approved the deal.Votes were 99.8 percent in favor of the $6.1 billion, no-premium transaction, Barrick said, confirming a Reuters report. After Randgold's Nov. 7 vote, the...Read More
FLEMINGTON, N.J./MODESTO, Calif. (Reuters) - Linda Hults is the sort of Republican who President Donald Trump would expect to reward his party for the hottest U.S. economy in a decade by helping defend its grip on Congress in dozens of tight races across the country.Instead, the retired teacher says she is “at a loss” deciding who she will vote for in this week’s election because...Read More
FRANKFURT (Reuters) - The race to take over the European Central Bank's supervision arm has become a dead heat as southern European countries appear to be lining up behind an Italian candidate, four sources familiar with the process said.Ireland's Sharon Donnery was earlier seen as the favorite but Italy's Andrea Enria has garnered significant support in recent weeks, suggesting that the vote, to...Read More
LONDON (Reuters) - The boss of Japan’s Takeda Pharmaceutical (4502.T) said on Monday he was confident of securing investor backing for its $62 billion acquisition of London-listed Shire (SHP.L), despite some shareholders’ fears about the resulting debt burden.Buoyed by a strong set of quarterly results last week - helped by strong demand for its existing drugs - Chief Executive Christo...Read More
(Kitco News) - Large speculators rebuilt theirbearish positioning in gold futures during the most recent reporting week fordata compiled by the Commodity Futures Trading Commission, yet this may havebeen a temporary phenomenon, with prices since rising again amid a fall in the U.S. dollar, analysts said.During the week-long period toOct. 30 covered by the CFTC’s report, Comex December gold f...Read More
(Kitco News) - Large speculators rebuilt their bearish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission, yet this may have been a temporary phenomenon, with prices since rising again amid a fall in the U.S. dollar, analysts said. During the week-long period to Oct. 30 covered by the CFTC’s report, Comex December g...Read More
New forms of government intervention likely to top tax hikes as the key DRC worry for minersRead full newsRead More
(Kitco News) - Roy Sebag the visionarybehind GoldMoney is taking aim at the jewelry sector and looking to disruptWestern views on gold with his latest venture, Mene, set to make its TSX debuton November 6. A spinoff of Goldmoney, Mene will make its TSXdebut under the symbol "MENE."The company, named after the ancientAramaic word for a unit of money,is selling what Sebag calls,"investment jewelry,"...Read More
(Kitco News) - Roy Sebag the visionary behind GoldMoney is taking aim at the jewelry sector and looking to disrupt Western views on gold with his latest venture, Mene, set to make its TSX debut on November 6. A spinoff of Goldmoney, Mene will make its TSX debut under the symbol "MENE." The company, named after the ancient Aramaic word for a unit of money, is selling what Sebag calls, "investment...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP.: INDONESIA EAST JABUNG PSC UPDATEThe quarry permit that was required in order to commence construction of Pan Orient Energy Corp.'s Anggun-1X exploration well access road has been approved and road construction has commenced. The operator now estimates the Anggun-1X exploration well will commence drilling sometime between March 15 and May 15, 2019.T...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP.: INDONESIA EAST JABUNG PSC UPDATEThe quarry permit that was required in order to commence construction of Pan Orient Energy Corp.'s Anggun-1X exploration well access road has been approved and road construction has commenced. The operator now estimates the Anggun-1X exploration well will commence drilling sometime between March 15 and May 15, 2019.T...Read More
Less than a month after Northern Vertex Mining Corp. signed a US$8.5 million silver stream financing with Maverix Metals, the company has reached a deal with existing shareholder Greenstone Resources for an unsecured working capital facility of up to US$10 million.The mine is expected to produce an average of over 50,000 gold-equivalent ounces a year over the first four years of a ten-year mine li...Read More
Less than a month after Northern Vertex Mining Corp. signed a US$8.5 million silver stream financing with Maverix Metals, the company has reached a deal with existing shareholder Greenstone Resources for an unsecured working capital facility of up to US$10 million.The mine is expected to produce an average of over 50,000 gold-equivalent ounces a year over the first four years of a ten-year mine li...Read More
The pharma firm last week reported impressive earningsShares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) are up 1% at $22.82 in early trading, after Morgan Stanley upgraded the drug name to "overweight" from "equal weight," and hiked its price target to $27 from $20 -- representing nearly 20% upside to Friday's close of $22.59. The bull note comes just days after the company's impressive be...Read More
The Nasdaq opened lower on Monday, dragged down by a more than 2 percent fall in Apple Inc shares, while a jump in energy stocks supported the S&P 500 and the Dow Jones industrial index.The Dow Jones Industrial Average .DJI fell 9.36 points, or 0.04 percent, at the open to 25,261.47. The S&P 500 .SPX opened higher by 3.31 points, or 0.12 percent, at 2,726.37. The Nasdaq Composite .IXI...Read More
(Kitco News) - The gold market has erased moderate early losses and istrading slightly up in late-morning action Monday. The yellow metal saw somebuying interest develop as the U.S. dollar index has dropped to its sessionlow. December gold was last up $1.40 an ounce at $1,234.70. By Jim Wyckoff For Kitco NewsFollow @jimwyckoffjwyckoff@kitco.comwww.kitco.com Disclaimer: The views expressed in this...Read More
IAMGOLD is considering two mine plan scenarios at its Sumitomo Metal Mining (TYO: 5713) joint-ventured C??t?(C) gold project in northern Ontario, according to a feasibility study the company recently announced.The base case open pit mine plan outlines a US$795 million after-tax net present value (NPV) at a 5% discount rate and a 15.2% after-tax internal rate of return (IRR). The second scenario, c...Read More
IAMGOLD is considering two mine plan scenarios at its Sumitomo Metal Mining (TYO: 5713) joint-ventured C??t?(C) gold project in northern Ontario, according to a feasibility study the company recently announced.The base case open pit mine plan outlines a US$795 million after-tax net present value (NPV) at a 5% discount rate and a 15.2% after-tax internal rate of return (IRR). The second scenario, c...Read More
(Kitco News)- Goldinvestors are keeping a low profile ahead of Tuesday's U.S. mid-term election,as the market sees little reaction to strong positive sentiment in the U.S.service sector according to the latest data from the Institute of SupplyManagement (ISM).Monday,the ISM said its Non-Manufacturing Purchasing Managers' Index showed a readingof 60.3% in October, down slightly from September's rea...Read More