Colorado-based Newmont Mining Corp reported lower third-quarter profit and reven...Read full newsRead More
Ginger Zee joined the stars of the hit Discovery showRead full newsRead More
(Adds market reaction, background)WASHINGTON/BUENOS AIRES, Oct 26 (Reuters) - The International Monetary Fund on Friday increased the size of a standby financing agreement for Argentina to about $56.3 billion, closing a deal the country has said would come with tougher fiscal measures.Argentina's President Mauricio Macri agreed to a $50 billion IMF deal in June, hoping it would stop a run on the c...Read More
Mineros S.A. (BVC: MINEROS) has entered into a binding agreement with Yamana Gold (TSE: YRI) to acquire the Gualcamayo gold mine in Argentina, and has an earn-in agreement for the La Pepa gold exploration project in Chile.Gualcamayo is an established producing mine with a long operating history. The mine is on track to achieve Yamana's 2018 gold production guidance of 100,000 ounces.The Gualcamayo...Read More
Mineros S.A. (BVC: MINEROS) has entered into a binding agreement with Yamana Gold (TSE: YRI) to acquire the Gualcamayo gold mine in Argentina, and has an earn-in agreement for the La Pepa gold exploration project in Chile.Gualcamayo is an established producing mine with a long operating history. The mine is on track to achieve Yamana's 2018 gold production guidance of 100,000 ounces.The Gualcamayo...Read More
Mineros S.A. (BVC: MINEROS) has entered into a binding agreement with Yamana Gold (TSE: YRI) to acquire the Gualcamayo gold mine in Argentina, and has an earn-in agreement for the La Pepa gold exploration project in Chile.Gualcamayo is an established producing mine with a long operating history. The mine is on track to achieve Yamana's 2018 gold production guidance of 100,000 ounces.The Gualcamayo...Read More
Late last month the Tax Court of Canada ruled in favour of Cameco Corp. (TSX: CCO; NYSE: CCJ) in the company's decade-long dispute with the Canada Revenue Agency over tax reassessments for the 2003, 2005 and 2006 tax years.Now the CRA says it plans to appeal the decision with the Federal Court of Appeal, a process Cameco estimates would take about two years.Decisions of the Federal Court of Appea...Read More
Late last month the Tax Court of Canada ruled in favour of Cameco Corp. (TSX: CCO; NYSE: CCJ) in the company's decade-long dispute with the Canada Revenue Agency over tax reassessments for the 2003, 2005 and 2006 tax years.Now the CRA says it plans to appeal the decision with the Federal Court of Appeal, a process Cameco estimates would take about two years.Decisions of the Federal Court of Appea...Read More
Gold futures climbed Friday, finding haven-related support despite some better-than-expected U.S. economic data, as equities saw renewed pressure to end a volatile week. Prices, however, finished a buck short of the roughly three-month high it settled at on Tuesday. December gold GCZ8, +0.24% rose $3.40, or 0.3%, to settle at $1,235.80 an ounce, tacking on 0.6% for the week-its fourth weekly rise...Read More
Gold futures climbed Friday, finding haven-related support despite some better-than-expected U.S. economic data, as equities saw renewed pressure to end a volatile week. Prices, however, finished a buck short of the roughly three-month high it settled at on Tuesday. December gold GCZ8, -0.03% rose $3.40, or 0.3%, to settle at $1,235.80 an ounce, tacking on 0.6% for the week-its fourth weekly rise...Read More
(Kitco News) - David Garofalo,president and chief executive officer of Goldcorp Inc. (TSX: G, NYSE: GG), says“nothing is broken” with the company and that third-quarter earnings wereweaker largely because of a decision to move processing of lower-grade oreahead by one quarter at the new Pe??asquito pyrite leach plant.The CEO spoke withKitco News on Friday a day after shares of the comp...Read More
(Kitco News) - David Garofalo, president and chief executive officer of Goldcorp Inc. (TSX: G, NYSE: GG), says “nothing is broken” with the company and that third-quarter earnings were weaker largely because of a decision to move processing of lower-grade ore ahead by one quarter at the new Pe??asquito pyrite leach plant. The CEO spoke with Kitco News on Friday a day after shares of th...Read More
Yanzhou Coal Mining Co.'s high-profile acquisition of assets in Australia last year is set to pay dividend as resilient coal prices boost its earnings and bode well for its stock that is trading at around record low valuations.Shares of the producer have gained more than 9% in Hong Kong after an endorsement from Goldman Sachs Group Inc., which highlighted gains in coal prices, especially for the p...Read More
NEW YORK (Reuters) - Worries over global oil pricing and pipeline constraints are hanging over the energy sector as U.S. companies begin to report quarterly results, with many producers’ shares trading lower on the year.Third-quarter profits for oil producers generally should be higher than a year ago, because the average price per barrel was up about 44 percent over the same period last yea...Read More
NEW YORK (Reuters) - Three former London-based currency traders were found not guilty on Friday of U.S. charges that they schemed to rig benchmark exchange rates, the latest criminal convictions to emerge from a U.S. probe into the multitrillion-dollar foreign exchange market.Chris Ashton, Rohan Ramchandani and Richard Usher, who worked at Barclays Plc (BARC.L), Citigroup Inc (C.N) and JPMorgan Ch...Read More
Spain will close most of its coal mines by the end of the year after government and unions reached a deal that will see ?,?250 million invested in mining regions over the next ten years, The Guardian reported today.Pedro S??nchez's new administration reportedly moved quickly on environmental policy, killing a controversial solar industry "sunshine tax", and announced a national climate plan wi...Read More
Spain will close most of its coal mines by the end of the year after government and unions reached a deal that will see ?,?250 million invested in mining regions over the next ten years, The Guardian reported today.Pedro S??nchez's new administration reportedly moved quickly on environmental policy, killing a controversial solar industry "sunshine tax", and announced a national climate plan wi...Read More
The semiconductor name will report earnings on MondayThe shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) are getting hit by broad-market headwinds today, as chip stocks sell off on a rare revenue miss for Western Digital Corp (NASDAQ:WDC). After bottoming at a 22-month low of $17.45 earlier, TSEM stock was last seen down 0.3% at $18.06.Despite this technical weakness, TSEM options traders are tar...Read More
JOHANNESBURG (Reuters) - South African President Cyril Ramaphosa declared himself in economic “repair mode” at a major investment conference on Friday as the country raised a total of $55 billion from investors to help haul itself out of recession.The former union leader, who inherited a mismanaged economy from the scandal-plagued Jacob Zuma earlier this year, wants $100 billion of new...Read More
Consumer sentiment for October was weaker than anticipated.The index has slumped since March when it reached its highest level since 2004 with a reading of 101.4.Michael Sheetz| @thesheetztweetz Published 11 Hours AgoUpdated10 Hours AgoCNBC.com show chapters Consumer sentiment index at 98.6 in October 10 Hours Ago |00:58 Consumer sentiment for October was weaker than anticipate...Read More