Proactiveinvestors USA & Canada articles

Dow suffers on Greece fears, Hewlett-Packard in focus

Wed, 23 May 2012 15:06:00 -0400

U.S. equity markets fell Wednesday afternoon on concerns that Greece could exit the euro as the region’s gather for an informal meeting.

Elemental Minerals starting to catch the eye as Kola shapes up as a world class potash deposit

Wed, 23 May 2012 14:01:00 -0400

A recent resource upgrade highlighted the world-class potential of Elemental Minerals’ Kola potash deposit, which is part of its Sintoukola property in the Republic of Congo. The company has deliberately remained below the radar, allowing the project to speak for itself. The latest results promise to lift the veil of anonymity.

TSX tumbles on commodities decline, EU meeting skepticism

Wed, 23 May 2012 13:22:00 -0400

Toronto's main market was back in the red Wednesday, on slumping commodities and skepticism that EU leaders will be able to devise a plan in the day’s meetings regarding the region's debt crisis.

Facebook, Morgan Stanley face lawsuits on stock market debut

Wed, 23 May 2012 10:55:00 -0400

Newly-listed social network Facebook (NASDAQ:FB) is facing several lawsuits claiming that information was hidden from shareholders regarding the company’s weakened growth forecasts ahead of its $16-billion initial public offering (IPO) last week.

EurOmax sets stage for transformation into London-based explorer

Wed, 23 May 2012 09:00:00 -0400

EurOmax Resources' (CVE:EOX)(OTCQX:EOXFF) share consolidation is the first step in a process that will transform the junior explorer into a London-based exploration and development company.

BMO Financial posts 27% jump in Q2 profit, beats analyst estimates

Wed, 23 May 2012 08:50:00 -0400

BMO Financial Group (TSE:BMO) Wednesday dropped the puck on Canadian banking earnings season as it posted a 27 percent jump in second-quarter earnings, beating analyst expectations.

Dow points lower ahead of eurozone meeting, Facebook, Dell in focus

Wed, 23 May 2012 07:40:00 -0400

U.S. equity markets looked set to open lower Wednesday morning ahead of a meeting of European Union leaders amid continued worries over the eurozone debt crisis.

BP could see turnaround if it can put Macondo ghost to rest, says broker

Wed, 23 May 2012 06:46:00 -0400

Oil giant BP (LON:BP) (NYSE:BP) could see a share price revival if it can make progress on US Macondo-related fines, according to Canaccord Genuity.

Silver Bull boosts Shallow Silver Zone open pittable resource by 39% at Sierra Mojada

Tue, 22 May 2012 12:33:00 -0400

Silver Bull Resources (TSE:SVB)(AMEX:SVBL) Tuesday said a new NI 43-101 report currently being completed will show a 39 per cent increase in the open pittable resources at the Shallow Silver Zone at its Sierra Mojada project in Mexico.

Canadian banks seen growing Q2 profits at slower pace

Tue, 22 May 2012 11:01:00 -0400

Canada's biggest banks look set to post slower growth in the second quarter of the year after starting the year with strong earnings momentum.

NeoMagic expands customer base for MiMagic family, development continues

Tue, 22 May 2012 08:26:00 -0400

NeoMagic has already announced one client - ViV Systems - for which it is developing the M-Book – a hand held 7 inch touch screen that controls the audio and video settings of the Karaoke machine and is capable of organizing more than 30 thousand songs by title, producer or lyrics.

Best Buy Q1 profit slips but beats estimates

Tue, 22 May 2012 08:24:00 -0400

Electronics retailer Best Buy (NYSE:BBY) Tuesday posted fiscal first-quarter earnings that beat analyst estimates thanks to high
demand for smartphones.

Transeuro Energy unveils innovative funding package

Fri, 18 May 2012 10:05:00 -0400

Transeuro Energy chief executive David Worrall said the group has put together an innovative, flexible funding package that guarantees the company access to funding as required and manages and minimises dilution for equity investors.

Q1 gold demand underpinned by China, Central Banks and ETFs

Thu, 17 May 2012 13:41:00 -0400

Global gold demand in the first quarter of 2012 was 1,097.6 tonnes, down 5 percent from the high demand levels seen a year earlier, according to the World Gold Council.

Medgenics cleared by FDA to begin Phase IIb clinical trials for EPODURE; shares up

Thu, 17 May 2012 12:25:00 -0400

Biopharmaceutical company Medgenics (LON:MEDG, AMEX:MDGN) achieved a major milestone today - with clearance to begin a phase IIb trial of EPODURE to treat anaemia in kidney failure patients.

Geomega unveils "excellent" preliminary metallurgical results from Montviel

Thu, 17 May 2012 10:30:00 -0400

Geomega Resources (CVE:GMA) unveiled Thursday preliminary metallurgical results from its Montviel rare earths-niobium project near Level-sur-Quévillon, Québec, with recoveries as high as 97% total rare earth oxides (TREO).

CP CEO resigns ahead of proxy vote

Thu, 17 May 2012 08:54:00 -0400

After months of a very public proxy battle, hours before a vote to decide their fate, Canadian Pacific’s (TSE:CP) beleaguered CEO has resigned, and five other board members have said they will not stand for re-election.

Wal-Mart posts strong Q1 profits as U.S. sales jump

Thu, 17 May 2012 07:55:00 -0400

Wal-Mart Stores (NYSE:WMT) posted a better-than-expected fiscal first-quarter profit Thursday as its U.S. segment showed a 2.6 percent rise in same-store sales.

Castle Peak Mining: Two numbers point to the quality of Ghana assets

Wed, 16 May 2012 11:27:00 -0400

Two numbers point to the potential of Castle Peak Mining. These are five and 50. In short, there are five mines within a 50 km radius of the firm's Akorade project with a total of 50 mln ounces of gold reserves and resources.

Mkango Resources sees more good grades from Songwe

Wed, 16 May 2012 11:25:00 -0400

Mkango Resources today reported more good grades from the latest drilling at its rare earth project at Songwe Hill in Malawi.

Facebook boosts public offering by 25%

Wed, 16 May 2012 09:59:00 -0400

Social network site Facebook Wednesday increased the size of its initial public offering by almost 25 per cent as it could raise as much as $16 billion on strong investor demand for its market debut.

Snipp plans ambitious growth as mobile marketing takes off

Wed, 16 May 2012 08:40:00 -0400

Mobile marketing company Snipp (CVE:SPN) (TSX.V:SPN), which recently listed on the TSX Venture Exchange, is now seeking a listing on the OTC exchange as it continues to grow in a space that is seeing more and more traction from companies looking to boost their marketing efforts.

Selwyn unveils updated resource at XY West at Yukon project

Tue, 15 May 2012 13:30:00 -0400

Selwyn Resources Ltd. (CVE:SWN) Tuesday announced an updated mineral resource estimate for its XY West deposit, highlighting the expansion of its inferred category resources to 12.75 million tonnes grading 4.42% zinc and 1.40% lead.

Great Panther Q1 revenue meets expectations, output to continue to grow

Tue, 15 May 2012 12:33:00 -0400

Great Panther Silver (TSE:GPR)(AMEX:GPL) said late Monday that first quarter revenue met company expectations.

Quest Rare Minerals, Orko Silver, REBGold, Timmins Gold to present at One2One Forums

Tue, 15 May 2012 11:19:00 -0400

In another event guaranteed to draw crowds, the directors of Quest Rare Minerals (TSE:QRM) (AMEX:QRM), Orko Silver (CVE:OK), and REBGold Corp (CVE:RBG) will be set to update investors at the Proactive Investors One2One Investor Forum in Toronto, Canada, on Tuesday May 22. And in Vancouver on Thursday May 24, directors of Timmins Gold Corp (TSE:TMM), and Orko Silver Corp (CVE:OK) will be speaking.

Cadillac announces "positive" PEA for Thierry project, 19% IRR

Tue, 15 May 2012 09:51:00 -0400

Junior miner Cadillac Ventures (CVE:CDC) announced Tuesday what it called a "positive" preliminary economic assessment (PEA) report for its Thierry project in northwestern Ontario.

Great Basin Gold posts 27% hike in Q1 revenue

Tue, 15 May 2012 08:55:00 -0400

Gold producer Great Basin Gold (TSE:GBG)(AMEX:GBG) Tuesday posted a 27% increase in revenue to $33 million for the quarter that ended March 31, compared with the same quarter a year earlier. The company cited a 7 percent improvement in ounces sold, as well as an 18 percent increase in the realized gold price.

Facebook ups IPO price range

Tue, 15 May 2012 07:43:00 -0400

Facebook has increased the price range in Silicon Valley's biggest-ever initial public offering to raise more than $12 billion, giving the social network a valuation potentially exceeding $100 billion.

Sunridge Gold unveils "positive" feasibility study for Debarwa Deposit, Eritrea

Mon, 14 May 2012 09:41:00 -0400

Sunridge Gold (CVE:SGC)(OTCQX:SGCNF) Monday unveiled "positive" results of a feasibility study for its 100 percent-owned Debarwa volcanogenic-massive-sulphide (VMS) copper-gold-zinc deposit, part of the Asmara project in Eritrea.

Yahoo's Thompson quits amid resume controversy

Mon, 14 May 2012 07:39:00 -0400

Yahoo (NASDAQ:YHOO) CEO Scott Thompson quit on Sunday after it was found he padded his resume with an embellished college degree, ending his term at the company after just four months.

Gold Resource Corp says record Q1 results provide strong base for the year

Fri, 11 May 2012 09:46:00 -0400

Gold Resource Corp (AMEX:GORO) announced late Thursday record results for its first quarter that it said set a "strong base" for the company, with gold equivalent production quadrupling year-over-year and mine gross profit more than tripling.

TMX Q1 profit falls 10% on weaker equity markets, misses Street

Fri, 11 May 2012 09:04:00 -0400

TMX Group (TSE:X) said Friday its first quarter profits dropped 10 percent on lower revenue from its listing business and cash markets trading, falling well below analysts’ estimates.

JPMorgan hit by $2 bln trading loss

Fri, 11 May 2012 07:57:00 -0400

JPMorgan Chase (NYSE:JPM) said late Thursday that a $2 billion trading loss will impact its second-quarter earnings.

Trelawney Mining deal could signify start of acquisition frenzy in junior gold space

Thu, 10 May 2012 12:02:00 -0400

Trelawney Mining's (CVE:TRR) recent acquisition deal by Iamgold Corp (TSE:IMG) (NYSE:IAG) could signify the start of a series of buys in the junior Canadian gold space, with the $585 million deal providing a "wake-up call" for gold producers with cash to spend, says mining research analyst Peter Campbell of Jennings Capital.

Marifil Mines sees lucrative deals ahead for Argentina properties

Thu, 10 May 2012 09:26:00 -0400

Marifil Mines (CVE:MFM) has an exciting year ahead for shareholders, says president John Hite, as the Canadian explorer, which is focused on its 25 properties spanning 555,000 hectares in Argentina, is planning on spinning out its potash assets into a separate company.

Activision Blizzard Q1 profits beat Street

Thu, 10 May 2012 09:07:00 -0400

Activision Blizzard (NASDAQ:ATVI), the world's biggest video games publisher, late Wednesday posted first-quarter sales and profit that beat analysts’ estimates.

Seeing things in 3D – A new Gener8-tion of technology

Thu, 10 May 2012 08:45:00 -0400

The future is bright for Vancouver-based Gener8, as they approach their first full year of business with an impressive “A-list” of clients who all have one thing in common – the fast growing business of 3D.

News Corp. Q3 earnings beat Street despite probe costs

Thu, 10 May 2012 08:24:00 -0400

Media company News Corp. (NASDAQ:NWSA) late Wednesday reported a strong rise in fiscal third-quarter profits despite continuing legal charges over the phone-hacking scandal.

Great Panther ups tonnage by 35% at San Ignacio project, extends mineralization

Wed, 09 May 2012 11:26:00 -0400

Great Panther Silver (TSE:GPR)(AMEX:GPL) Wednesday unveiled updated mineral resource estimates at its wholly-owned Guanajuato Mine and and San Ignacio project in Guanajuato, Mexico.

Telus drops share conversion proposal, Q1 profit up 6%

Wed, 09 May 2012 10:46:00 -0400

Telus (TSE:T) (NYSE:TU) Wednesday posted its first quarter results that were overshadowed by its withdrawal of a proposal to end its dual-share structure just hours before the move was to be put to a vote.