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  • Gold miners rise as the All Ords drops below 5,000 points

    Fri 8:09 am

    Gold miners rise as the All Ords drops below 5,000 points

    Financial stocks continued to show weakness as market volatility hit investor sentiment, sending the All Ords down 76.5 points, or 1.5%, to 4,964.3. The Shanghai Stock Exchange Composite Index is up 0.51% to 2,286.98 points while the Dow Mini gained 4 points to 15,294.5.

  • Peninsula Energy progressing pre-production program at Lance Uranium Projects

    Fri 5:48 am

    Peninsula Energy progressing pre-production program at Lance Uranium Projects

    With the appointment of an Engineering, Procurement and Construction contractor and the high possibility that a Supplemental Environmental Impact Statement will be issued in November, Peninsula Energy’s Ross Project of the Lance Uranium Projects remains on track for full permitting later this year.

  • Po Valley on track for solid cash flow, higher Italian gas production

    Fri 3:08 am

    Po Valley on track for solid cash flow, higher Italian gas production

    Graham Bradley, the chairman of Po Valley, has told shareholders that solid cash flows, increased gas production and funding for new production facilities are on the cards for the company this year. It is also on the hunt for farm-in partners to progress a number of its assets.

  • Hughes Drilling sees revenue and profit growth continuing in 2013

    Fri 2:26 am

    Hughes Drilling sees revenue and profit growth continuing in 2013

    Hughes’ positioning as an essential service provider in the production process of operating mines largely shields it from the problems faced by other service providers with business models focused on the exploration, development or construction phases of new mines.

  • Pascua-Lama halted by Chilean govt; Barrick fined US$16 million

    Fri 7:49 pm

    Pascua-Lama halted by Chilean govt; Barrick fined US$16 million

    The news came with a trading halt on Barrick’s stock on the TSX effective 12:04pm Toronto time, and on stock inSilver Wheaton (NYSE:SLW) (TSE:SLW), the embattled giant’s partner on the project, a few minutes later. Prior to the stop trade order, stock in Barrick was trading down, hitting an intraday low of $19.41 per share from an open of $19.56, a far cry from the stock’s 52 week high of $43.30  per share.

  • Wall Street fights losses; Dow breaks into positive realm

    Fri 7:29 pm

    Wall Street fights losses; Dow breaks into positive realm

    U.S. stocks pared losses on Friday, with the Dow industrials actually breaking into positive territory during the afternoon session, as encouraging durable goods data helped soften bouts of profit-taking ahead of the long weekend. Benchmark indices were still on pace to break four straight weeks of gains. 

  • Canadian stocks drop, led by mining shares; National Bank climbs

    Fri 6:03 pm

    Canadian stocks drop, led by mining shares; National Bank climbs

    Canadian shares declined for a second day, led by miners, as gold fell for the third time in four days. The commodity-heavy Standard & Poor’s/TSX Composite Index (TSE:OSPTX) slid 0.2 percent to 12,633.81 at 12:38 p.m. in Toronto on Friday. The 237-member gauge has gained 1.6 percent this month. The materials subindex, which includes mining shares, fell 0.7 percent. The energy subindex slipped 0.4 percent as oil dropped for a fourth day, while financials, the most heavily-weighted group, slid 0.2 percent.

  • Wall Street lower ahead of long-wknd, on pace to break weekly win streak

    Fri 5:45 pm

    Wall Street lower ahead of long-wknd, on pace to break weekly win streak

    U.S. stocks were still down on Friday despite encouraging durable goods orders data, as profit-taking ensued ahead of long weekends in both the U.S. and U.K., with benchmark indexes on pace to break four straight weeks of gains.