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

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  Fri 2:29 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. 

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  Fri 1:03 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.

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  Fri 10:25 am

  Klondex Mines' Fire Creek praised for high grades, strong economic returns and potential upside by Casimir Capital

  Klondex Mines (TSE:KDX) was touted as having a high grade resource in a strategic location with potential for a "number of upside opportunities" on Friday, in an initial coverage report by Casimir Capital's Erin Winmill. The analyst started the advanced-stage development company, which is focused on its Fire Creek gold project in Nevada, with a speculative buy rating and a $2.50 price target - more than double its current trading price. 

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  Fri 9:00 am

  National Bank posts stronger Q2 operating profit, declares share buyback, raises dividend

  National Bank of Canada (TSE:NA), the nation’s sixth-largest lender, said its operating profit in the fiscal second-quarter rose 6 percent, outlined plans to repurchase shares and raised its quarterly dividend by 5 percent. Taking out one-time items, profit for the three months ended April 30 rose to a record C$369 million, or C$2.08 a share, from C$347 million, or C$1.95 a share, the Montreal-based firm said in a statement on Friday. This beat the C$1.97 average estimate of 8 analysts.

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  Fri 8:39 am

  Wall Street still lower after positive durable goods data surprise

  U.S. stock futures trimmed losses Friday after durable goods orders data for April surprised investors with a better-than-expected rise, as traders were cautious heading into the long weekend,with markets to be shut Monday for the Memorial Day holiday. 

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  Fri 8:24 am

  Falcon Oil & Gas buys out minority investor in Australian business for C$22.6mln

  Falcon Oil & Gas has agreed to acquire a minority stake of its Australian subsidiary for C$22.6mln, giving it full ownership of the business

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  Fri 4:58 am

  Caza Oil & Gas nets vital funding for ‘significant’ Bone Springs opportunity

  Apollo Investment Management has agreed to buy up to US$50mln of senior secured notes in the company, with the first US$20mln being paid up front.

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  Thu 5:20 pm

  U.S. retailers release mixed results in after hours

  A series of American retailers reported a mixed bag of quarterly results after the bell. Sears Holdings (NASDAQ: SHLD) confirmed investor fears, sending the stock tumbling after the company reported a first-quarter loss twice as large as expected. After returning to the black in the fourth quarter following three-straight losing quarters, the Sears department store holding company says it lost $279 million, or $2.63 per diluted share.