Year: 2020

The Canadian miner now expects attributable gold production to range between 4.6 million ounces to 5 million ounces compared with the earlier range of 4.8 million ounces to 5.2 million ounces. The government of Papua New Guinea had announced in April that it would not renew a 20-year special mining lease for the Porgera gold mine, which is jointly owned by Barrick and China’s Zijin Mining , due to environmental damage and social unrest. …read more […]

(Bloomberg) — Shopify Inc. reported first-quarter revenue that topped analysts’ estimates as it brings more businesses online during the coronavirus pandemic.Sales grew by 47% to $470 million from the same quarter a year ago, Ottawa-based Shopify said in a statement Wednesday. Analysts had expected about $443 million, according to data compiled by Bloomberg.“We are working as fast as we can to support our merchants by re-tooling our products to help them adapt to this new reality,” Chief Executive Officer Tobi Lutke said in the quarterly release.The key metric of gross merchandise volume, which represents the value of all goods sold …read more […]

Investors have some grand opportunities these days.
But first… they need to screw their heads on straight.
Things are bad out there. Unemployment is at record levels. Production is plunging. And the food supply is turning up short.
It’s not exactly the vision of America daddy promised while bouncing us on his knee.
But, then again, April was one of the best months for investors in decades. Subscribers to our fast-moving trading services saw some tremendous gains, with multiple opportunities to double their money.
A kind subscriber took the time to drop us a line:
I’m finally doing well on options with your strategies. I just …read more […]

Top news and what to watch in the markets on Wednesday, May 6, 2020. …read more […]

PayPal (PYPL) is scheduled to announce Q1 earnings results today after market close. Going into the print the Street is looking for EPS of $0.75 (-3.8% Y/Y) and revenue of $4.72B (+14.3% Y/Y).However, RBC Capital analyst Daniel Perlin believes these estimates may prove too optimistic. “Based on our prior work and what we learned intra-quarter, we believe there is downside risk to both our and the Street’s revenue and EPS estimates given the evolving impacts from COVID-19” he writes.The analyst has a buy rating on the stock with a $120 price target- indicating that shares could pullback by just over …read more […]

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