Ecuador, the world's shining light for copper prospects, aims to more than double the value of mining to its economy by 2021 and is seeking more joint venture partners for its state-owned mining company, a senior government official said on Thursday.Ecuador is being hailed as the biggest potential new source of supply of the metal used in renewable energy. Copper is number 1 on every miner's must-...Read More
Gold buying by central banks reaches its highest level since the fourth quarter of 2015.Around $5.82 billion was spent during the third quarter to boost central bank reserves.The buying was offset by heavy selling of gold-backed funds during the same period.David Reid| @cnbcdavy Published 12 Hours AgoUpdated12 Hours AgoCNBC.com Mariya Gordeyeva | ReutersCentral banks around the world have upped t...Read More
Gold buying by central banks reaches its highest level since the fourth quarter of 2015.Around $5.82 billion was spent during the third quarter to boost central bank reserves.The buying was offset by heavy selling of gold-backed funds during the same period.David Reid| @cnbcdavy Published8:25AM ET Thu,1 Nov 2018Updated 8:34AM ET Thu,1 Nov 2018CNBC.com Mariya Gordeyeva | ReutersCentral banks aroun...Read More
LONDON (Reuters) - Swiss bank UBS (UBSG.S) will expand training for staff investigating sexual misconduct claims, and introduce a confidential hotline to handle such allegations, an internal memo sent to staff seen by Reuters shows.The changes follow a review conducted by law firm Freshfields into how UBS handled a former junior trader’s initial allegation that she was raped in September 201...Read More
JOHANNESBURG- Sibanye-Stillwater's third-quarter core profit fell 40 percent after a wave of fatal accidents hit its domestic gold mining operations this year, the South African miner said on Thursday, sending shares tumbling.South Africa has the world's deepest gold mines and an earth tremor at one of Sibanye-Stillwater's mines killed seven miners in one incident alone in May. In all, 24 of its w...Read More
JOHANNESBURG- Sibanye-Stillwater's third-quarter core profit fell 40 percent after a wave of fatal accidents hit its domestic gold mining operations this year, the South African miner said on Thursday, sending shares tumbling.South Africa has the world's deepest gold mines and an earth tremor at one of Sibanye-Stillwater's mines killed seven miners in one incident alone in May. In all, 24 of its w...Read More
Enforcer Gold Corp. (TSXV:VEIN) is pleased to provide its shareholders with further details on the McKenzie Gold project located in the Red Lake Gold Camp of northwestern Ontario.Read full newsRead More
The last time Shell pumped out that much money was the year crude soared to $140 a barrel, compared with about $75 today.It increased the pace of a $25 billion buyback program, rewarding shareholders who stuck with it through crude's collapse.The cash surge is a feather in the cap of Chief ExecutiveRead full newsRead More
""You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ." - Warren Buffet #oracleofomaha #wisewords #qoute #investlikethebest"Read full newsRead More
"Goldplay Reports High-Grade Silver-Lead-Zinc-Gold Mineralization from Sampling of a Re-opened Historical Tunnel at San Marcial; Including 13 Meters @ 1,048 gpt AgEq @goldplay_gply https://t.co/xwQ3OUmT9L"Read full newsRead More
Penny stocks are often dangerous for individual investors. Generally described as stocks with a price under $5, the group usually consists of quite a few fallen angels and growth stocks that haven’t reached, and potentially won’t reach, their potential.But there are diamonds in the rough. During the financial crisis, several stocks hit penny stock status. Pier 1 Imports (NYSE:PIR) went...Read More
EDENVILLE, South Africa (Reuters) - Earlier this year, Nick Serfontein wrote an open letter to South African President Cyril Ramaphosa asking him to take the views of white farmers on board as the government considers expropriating land without compensation to reduce rural poverty.Now Serfontein sits on a 10-person board advising the president where to go next, based on what he says is his own exp...Read More
POTUS said trade discussions were going well with ChinaThe Dow Jones Industrial Average (DJI) has kicked off November with a bang -- up triple digits on strong blue-chip earnings and an upbeat tone on trade talks from President Donald Trump. Specifically, Trump tweeted that tariff discussions with Chinese President Xi Jinping were "moving along nicely," and that meetings between the two leaders w...Read More
(Reuters) - From suburbs to conservative rural areas, Democrats seeking a majority in at least one house of the U.S. Congress in next week’s elections are spending the last days of the campaign on one message: They will protect Americans’ healthcare coverage.The strategy is clear in campaigns like that of Democrat Andy Kim, who has spent the past 16 months trying to unseat Republican U...Read More
(Reuters) - Top U.S. automakers reported another month of rises in sales of sports utility vehicles and pick-up trucks on Thursday as American consumers continued to shun sedans and hatchbacks.The country’s No. 2 producer, Ford Motor Co (F.N), reported a 6.7 percent rise in SUV sales to 67,554 units in October, while smaller rival Fiat Chrysler Automobiles NV (FCAU.N) (FCHA.MI) saw overall s...Read More
Pure Gold is developing its Madsen gold project in the Red Lake gold camp in Ontario, Canada.In my opinion, there are a few catalysts on the horizon that could end a 2.5-year consolidation period the company's shares have been trading.This year two insiders bought large share stakes in the company. Pure Gold (OTCPK:LRTNF) is an exploration company developing the Madsen gold project in Ontario,...Read More
Summaries of the Benchmark, Argus and Metal Bulletin (now Fastmarkets) lithium LME pitchesRead full newsRead More
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump on Thursday said trade discussions with China were “moving along nicely” and that he planned to meet with Chinese President Xi Jinping at the upcoming G-20 summit, after the two had a “very good” talk.Earlier on Thursday, Chinese Premier Li Keqiang told a group of visiting U.S. politicians that China and the United...Read More
DODGE CITY, Kan. (Reuters) - Clemente Torres has proudly cast his vote in person at Dodge City’s lone polling place in every election since he became a naturalized citizen 20 years ago.This year is different.After Republican officials said in September they would move the Hispanic-majority city’s only polling place to a remote spot outside the city limits, across railroad tracks and aw...Read More
TEL AVIV (Reuters) - Teva Pharmaceutical Industries (TEVA.TA) (TEVA.N) raised its 2018 earnings outlook, said it was seeing “a very strong launch” for its long-awaited migraine treatment Ajovy and expects to launch generic EpiPen in the fourth quarter.Teva raised its full-year forecast for adjusted EPS to $2.80-$2.95, from a previous estimate of $2.55-$2.80 and its shares were 8.5 perc...Read More