Horizonte Minerals metallurgical work returns "excellent" results; next stop PFS

Articles

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  Tue 3:42 pm

  Chevron-YPF deal heightens investor interest in Madalena Ventures Vaca Muerta shale oil acreage

  Madalena Ventures' (CVE:MVN) shares are on the rise again today after investors and analysts weighed up the implications of news that Chevron (NYSE:CVX) and YPF have increased their investment commitments in the Vaca Muerta oil shale oil reservoir, where Madalena has interests in two blocks

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  Tue 3:18 pm

  Fed member comments give U.S. stocks a boost

  U.S. stocks are getting a lift from Federal Reserve comments about the central bank's bond-buying program. 

  The Dow Jones Industrial Average (INDEXDJX:.DJI) rose nearly 70 points after dipping below the previous close early in the trading session. 

  The Standard & Poor’s 500 Index (INDEXSP:.INX) began a short five-point climb from the opening bell to 1,671.55.

  If the momentum continues, both indexes are set to once again reach record closes.

  The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) is rising nearly eight points higher to 3,505.72.

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  Tue 2:25 pm

  Largo Resources to make its mark as lowest cost producer of vanadium globally

  Largo Resources (CVE:LGO) is on path to becoming the lowest cost producer of vanadium in the world from a primary source, according to CEO Mark Brennan, with the company's Maracás project in Brazil on pace for commissioning in the fourth quarter.

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  Tue 1:32 pm

  Canadian shares climb to 2-month high on upbeat Europe data

  Canadian shares rallied for a third day on Tuesday, sending the benchmark gauge to its highest level in two months, as producers of raw materials and energy climbed following upbeat economic data from Europe. The commodity-heavy Standard & Poor’s/TSX Composite Index (TSE:OSPTX) gained 1.3 percent to 12,780.46 at 12:37 p.m. on Tuesday. More than four stocks advanced for every share that dropped.

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  Tue 8:43 am

  U.S. stock futures shift lower; Carnival, Best Buy slip

  U.S. stock market futures shifted lower on Tuesday as investors look for more clues on any tapering of the Federal Reserve’s easing program. Two Fed presidents with voting rights on the interest-rate setting committee are due to speak later in the day. Futures for the Dow industrials rose less than 0.1 percent to 15,323,00 while those for the Standard & Poor’s 500 index was little changed at 1,664.60 and the Nasdaq 100 index futures slipped less than 0.1 percent to 3,018.25.

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  Mon 10:50 am

  Xcite Energy shares advance after Bentley data deal

  A potential partner paying £10mln upfront to find out more about the project could be considered to be a positive step forward, according to Oriel Securities analyst Peter Griffith.

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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.