Xcite Energy shares advance after Bentley data deal

Articles

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  Mon 7:36 am

  UPDATE - Aureus Mining's DFS ups reserves, reduces costs

  The new DFS for Aureus's New Liberty gold mine in Liberia has increased the net present value of the asset, and points to lower operating costs and improved proven plus probable reserves.

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  Mon 3:41 am

  Xcite bags US$15mln for Bentley Field data

  North Sea developer Xcite Energy (LON:XEL, CVE:XEL) will strengthen its already solid financial position with the sale of technical well data from the company’s Bentley Field for £10mln (US$15mln). Once the binding agreement with the unnamed buyer is completed the cash will be added to £20.4mln the group had on the balance sheet at the end of March.

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  Fri 3:08 pm

  U.S. stocks on pace for fourth week of gains; Dow up almost 17% so far this year

  U.S. markets rose on Friday after positive economic reports that boosted investor sentiment to recover losses from the previous session, with benchmark indexes set to record their fourth straight week of gains and close at another set of record highs. 

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  Fri 1:40 pm

  Gold seen to grind even lower with consequences: Sharps Pixley

  Gold prices on the Comex continued to slide Friday, with the yellow metal trading down for the seventh consecutive session, the commodity’s most protracted series of losses since early 2009. The most active market, gold for June delivery, dropped as low as $1357.60 per ounce in intraday trading, from an open of $1385.20, shedding almost two per cent.

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  Fri 1:23 pm

  Investors look back on Facebook's timeline one year after IPO

  Notwithstanding the controversy, the IPO was the biggest in Internet history. Facebook raised $16 billion, also ranking it as the third highest IPO in U.S. history.  It's a feat beyond what Zuckerberg, who claims he never wanted to actually run a company in the first place, ever dreamed.

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  Fri 12:45 pm

  Canadian shares rise as upbeat U.S. data lifts energy producers

  Canadian shares gained a second day as energy producers climbed after positive economic reports from the U.S., the country's largest trading partner, indicated economic growth is gaining momentum, outweighing declines in mining stocks. The resource-heavy benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) added 0.4 percent to 12,557.31 at 12:33 p.m. in Toronto on Friday. Nine of ten groups gained.

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  Fri 10:17 am

  Massive physical buying not enough to compensate for sizable net outflows from gold ETFs

  The World Gold Council says in its most recent report that a global spike in gold jewelry buying over the first three months of the year was insufficient to compensate for sizable net outflows from gold exchange traded funds in the same period.

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  Fri 9:02 am

  Sacre-Coeur Minerals' constant work to refine procedures pays off with low cash costs

  Amid declining gold prices, several miners are struggling to keep costs down, but Sacre-Coeur Minerals (CVE:SCM) (OTC:SCRMF) is not one of them. The company boasts all-in cash production costs of less than $500 an ounce at its alluvial/elluvial operations in Guyana.