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☆ Lightning Round: ChargePoint, IonQ, Cleveland-Cliffs and Coursera
▼ + stars: | 2023-07-31 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: ChargePoint, IonQ, Cleveland-Cliffs and Coursera'Mad Money' host Jim Cramer weighs in on stocks including: Spirit Airlines, Chargepoint, Ionq Inc, Biohaven and Barrick Gold.

Persons: Jim Cramer Organizations: Spirit Airlines, Ionq Inc, Biohaven, Barrick Gold Locations: IonQ, Cleveland

Copper M&A more than doubled in 2002 to $14.24 billion from the previous year, according to an S&P Intelligence report. "So the large miners are saying it is difficult to build new supply, so let's just buy companies," McDonald said. Copper prices have been gradually losing steam since hitting their strongest levels in over seven months in January when optimism abounded about the reopening of China. The lower copper price presents M&A opportunities for Hudbay, Kukielski said, but it will also get "squeezed" if the price of copper falls below $3.50. With lack of large mines up for grabs, he is expecting that large miners will be looking to expand their production by acquiring smaller mines.

Persons: Lundin, Newmont, Stuart McDonald, Taseko, McDonald, Antaike, Peter Kukielski, Kukielski, Minto Metals, Aaron Colleran, Colleran, David Lennox, Divya Rajagopal, Melanie Burton, Denny Thomas, Marguerita Choy Organizations: TORONTO, Reuters, Nippon Mining, Metals, P Intelligence, Taseko, London Metal Exchange, Reuters Graphics Reuters, Hudbay, Japan's Sumitomo Corp, Minto Metals, Yukon, Royal Bank of Canada, Quantum Minerals, Ivanhoe Mines, Capstone, Barrick Gold, Bloomberg News, Barrick, AIC Mines, AIC, Sydney, Thomson Locations: SYDNEY, Toronto, Chile, Vancouver, Arizona, China, Hudbay, Canada, Yukon, Ivanhoe, Australia, Queensland, Melbourne

☆ Cyanide maker Draslovka mulls equity raise to drive new mining technology
▼ + stars: | 2023-06-30 | by ( Jan Lopatka | ) www.reuters.com time to read: +3 min

REUTERS/Jan LopatkaPRAGUE, June 30 (Reuters) - Cyanide maker Draslovka is considering an equity fundraising worth hundreds of millions of dollars support the roll out of new technology that could help miners slash use of cyanide, its CEO said in an interview on Friday. The privately-held Czech company is the world's leading sodium cyanide maker. It acquired Australian Mining & Process Solutions last year, which developed innovative glycine leaching technology that can cut cyanide usage in mining by about half, depending on the circumstances. Draslovka hopes the technology will spearhead a transformation of the industry, raising its effectiveness and reducing environmental impacts. Bruzek said Draslovka had another 10 similar potential projects lined up by year-end, including a top nickel and cobalt miner.

Persons: Pavel Bruzek Jr, Jan Lopatka, Draslovka, Bruzek, JP Morgan, Barrick, Emma Rumney Organizations: Draslovka, REUTERS, Australian Mining, U.S, Oaktree Capital Management, Partners, Thomson Locations: Prague, Czech Republic, Jan Lopatka PRAGUE, Czech, London, United States, Sasol, South Africa

☆ 2 New Hampshire journalists’ homes were vandalized in retaliation for an article, officials say. 3 men now face federal charges
▼ + stars: | 2023-06-18 | by ( Melissa Alonso Nouran Salahieh | Melissa Alonso | Nouran Salahieh | ) edition.cnn.com time to read: +3 min

CNN —Three men face federal charges for allegedly vandalizing homes associated with two New Hampshire journalists, authorities said, in suspected acts of retaliation for a published article. The alleged vandalism came after a New Hampshire Public Radio journalist published an article in March 2022 detailing allegations of sexual and other misconduct by a former New Hampshire businessperson, officials said. WBUR public radio in Boston reported the vandalism attacks targeted the homes of New Hampshire Public Radio journalist Lauren Chooljian, her parents and her editor, Dan Barrick. CNN has reached out to Chooljian, Barrick and New Hampshire Public Radio for further comment. Cockerline and Waselchuck were arrested Friday, while Saniatan remains at large, the US Attorney’s Office said Friday.

Persons: –, Lauren Chooljian, Dan Barrick, “, ’, ”, – Tucker Cockerline, Michael Waselchuck, Keenan Saniatan, Cockerline, Waselchuck, Joshua S, Levy, Christopher DiMenna, Scott Lauer, Tucker Cockerline Organizations: CNN, New, Office, New Hampshire Public Radio, Barrick, US, US Attorney’s, Department, Justice, United, Federal Bureau of Investigation, Boston Field Division Locations: New Hampshire, Boston, New, Chooljian, Hampstead, Melrose , Massachusetts, Hampshire

☆ 3 Men Charged in Case That Spotlights Attacks on the Media
▼ + stars: | 2023-06-16 | by ( David Enrich | ) www.nytimes.com time to read: +1 min

Federal prosecutors in Boston unveiled criminal charges on Friday against three men accused of vandalizing the homes of journalists in New Hampshire and Massachusetts in retaliation for an investigation into a local businessman. Mr. Spofford later sued the news organization for libel. Mr. Spofford was not named in the criminal complaint. But a person repeatedly named by prosecutors as “Subject 1” is Mr. Spofford, according to a person familiar with the investigation. The complaint said that a “close personal associate” of Subject 1 “solicited” the three men to attack the homes.

Persons: Eric Spofford, Spofford, Lauren Chooljian, Daniel Barrick Organizations: New Hampshire Public Radio Locations: Boston, New Hampshire and Massachusetts

☆ First Quantum shuns Barrick Gold's informal takeover offer, Bloomberg reports
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

June 15 (Reuters) - Canadian miner First Quantum Minerals (FM.TO) has rejected an informal takeover offer from Barrick Gold (ABX.TO), Bloomberg News reported on Thursday, citing people familiar with the matter. Shares of copper miner First Quantum rose 12% following the news, while Barrick fell 2.7%. First Quantum did not immediately respond to a Reuters request for comment, while Barrick said the company does not comment on market speculation. Barrick Gold CEO Mark Bristow's had expressed his interest in copper giant Freeport-McMoran (FCX.N) in 2020, but a deal between the companies did not pan out. Reporting by Sourasis Bose in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Barrick, Mark Bristow's, Sourasis Bose, Devika Organizations: Minerals, Barrick Gold, Bloomberg, Barrick, Newmont Corp, Thomson Locations: Freeport, McMoran, Bengaluru

☆ Australian gold miner Newcrest backs Newmont’s $17.8 billion offer
▼ + stars: | 2023-05-17 | by ( ) edition.cnn.com time to read: +2 min

Sydney Reuters —Australian gold miner Newcrest Mining said on Monday it would back Newmont A$26.2 billion ($17.8 billion) takeover offer in one of the world’s largest buyouts so far this year. Newcrest (NCMGF) shareholders would receive 0.400 Newmont share for each share held, with an implied value of A$29.27 a share, higher than a previous exchange ratio of 0.380 that Newcrest (NCMGF)’s board rejected in February. “This transaction will combine two of the world’s leading gold producers, bringing forward significant value to Newcrest shareholders through the recognition of our outstanding growth pipeline,” said Newcrest Chairman Peter Tomsett. Newcrest shareholders will be able to choose to receive New York Stock Exchange-listed Newmont shares or Australian-listed CHESS Depository Instruments (CDIs) as payment. The deal requires Australia’s Foreign Investment Review Board (FIRB) approval as well as Newcrest and Newmont shareholders to vote in support the transaction, among other regulatory requirements.

[1/2] A small toy figure and imitation gold are seen in front of the Newcrest logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/IllustrationMay 15 (Reuters) - Australian gold miner Newcrest Mining Ltd said on Monday it would back Newmont Corp's (NEM.N) A$26.2 billion ($17.8 billion) takeover offer in one of the world's largest buyouts so far this year. Newcrest shareholders would receive 0.400 Newmont share for each share held, with an implied value of A$29.27 a share, higher than a previous exchange ratio of 0.380 that Newcrest's board rejected in February. "This transaction will combine two of the world's leading gold producers, bringing forward significant value to Newcrest shareholders through the recognition of our outstanding growth pipeline," said Newcrest Chairman Peter Tomsett. Newcrest shareholders will be able to choose to receive New York Stock Exchange-listed Newmont shares or Australian-listed CHESS Depository Instruments (CDIs) as payment.

REUTERS/Dado Ruvic/IllustrationMay 15 (Reuters) - Australian gold miner Newcrest Mining Ltd said on Monday it would back Newmont Corp's (NEM.N) A$26.2 billion ($17.8 billion) takeover offer in one of the world's largest buyouts so far this year. If the deal gets Newcrest shareholders' approval and other regulatory approvals, it would lift Newmont's gold output to nearly double its nearest rival, Barrick Gold Corp (ABX.TO), further solidifying Newmont's position as the world's biggest gold producer. Newcrest shareholders will be able to choose to receive New York Stock Exchange-listed Newmont shares or Australian listed CHESS Depository Instruments (CDIs) as payment. Newcrest said it recommended its shareholders vote in favour of the deal at a meeting expected to be held in September or October. The deal requires Australia's Foreign Investment Review Board (FIRB) sign off as well as Newcrest and Newmont shareholders to vote in support the transaction among other regulatory approvals.

Barrick has been building its copper business organically and said it is exploring copper drilling opportunities in countries such as Chile and Argentina. "We have always said that if you want to be relevant as a gold miner you have to be in copper business," Bristow added. Gold is often a byproduct of copper, a critical metal required for electrification and the transition to a greener economy. Teck last month withdrew its plan to split its coal and metals business after it failed to secure shareholders' approval. Bristow said Glencore's proposal made a "lot of sense" as Glencore could handle Teck's debt and had offered a clean split of Teck's business.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Oklahoma official caught on tape talking about lynching Black people and killing reporters resigns
▼ + stars: | 2023-04-19 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

Jennings was caught on tape talking about lynching Black people and killing reporters. In the recording, Jennings also appears to complain about not being able to hang Black people, saying: "They got more rights than we got." The newspaper has filed a lawsuit against the sheriff's office seeking body camera footage and other records connected to Barrick's death. On Tuesday, the Oklahoma Sheriff's Association, a voluntary membership organization and not a regulatory agency, held an emergency meeting of its board. It voted unanimously to suspend Clardy, Manning and Hendrix from the association.

☆ Newmont plumps final bid for Australia's Newcrest to $19.5 bln
▼ + stars: | 2023-04-11 | by ( Melanie Burton | ) www.reuters.com time to read: +4 min

If successful, the deal would lift Newmont's gold output to nearly double its nearest rival Barrick Gold Corp (ABX.TO). Newcrest said on Tuesday it had given U.S.-based Newmont access to its books following the sweetened all-share bid that has received some support from shareholders. The latest bid is 16% higher than Newmont's initial proposal, and represents around a 46% premium to Newcrest's share price on Feb. 3 before Newmont's first bid was announced. Reuters had reported that Newmont was open to raising its offer price for Newcrest. Barrick and miner Sibanye Stillwater Ltd (SSWJ.J) have told Reuters they are not interested in bidding for Newcrest.

☆ Gold's price action is sustainable for the time being: Barrick CEO
▼ + stars: | 2023-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGold's price action is sustainable for the time being: Barrick CEOMark Bristow, Barrick CEO, joins 'Squawk on the Street' to discuss the recent price action in Gold, how the changing view on Fed policy plays into the price of Gold and more.

☆ Four dead in Louisville bank shooting were suspect's colleagues, governor's friends
▼ + stars: | 2023-04-11 | by ( Kanishka Singh | Thomson Reuters | Kanishka Singh Is A Breaking News Reporter For Reuters In Washington Dc | ) www.reuters.com time to read: +2 min

April 10 (Reuters) - The four people shot dead in a shooting on Monday in downtown Louisville, Kentucky, were all colleagues of the suspect who gunned them down, and two of them were close friends of Kentucky Governor Andy Beshear. Elliott was a senior vice president of Old National Bank whose downtown branch in Louisville was the site of Monday's assault. "He helped me become governor," Beshear said, while describing Elliott as "an incredible friend." Police deploy at the scene of a mass shooting outside an Old National Bank branch near Slugger Field baseball stadium in downtown Louisville, Kentucky, U.S. April, 10, 2023. Barrick's LinkedIn profile showed he was the senior vice president of commercial real estate banking at Old National Bank and had been with the firm for less than a year.

☆ Gold miner’s mega $20 bln deal is not quite over
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +2 min

The boss of $40 billion U.S.-based gold miner Newmont (NEM.N) has sweetened his bid for Australian rival Newcrest (NCM.AX) after the latter rejected its two prior approaches. The latest $19.5 billion offer looks shinier but still faces some challenges. Under the revised proposal, Newcrest shareholders will receive 0.4 of a Newmont share for each one they hold, plus up to $1.10 via a franked special dividend. Newcrest shares closed nearly 10% below the offer price on Tuesday. Newcrest shareholders, who will own 31% of the merged company, also need to approve the deal.

☆ Louisville shooter legally purchased rifle -police
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +2 min

[1/4] Community members attend a vigil at Crescent Hill Presbyterian Church following a mass shooting at Old National Bank in downtown Louisville, Kentucky, U.S. April, 10, 2023. REUTERS/Jeffrey DeanApril 11 (Reuters) - The 23-year-old bank employee who shot dead five colleagues and wounded nine other people at his workplace in Louisville on Monday legally purchased the rifle, Louisville Police Chief Jacquelyn Gwinn-Villaroel told reporters at a news conference on Tuesday. Louisville police responded within minutes to reports of an attacker on Monday morning at the bank office near Slugger Field baseball stadium. Sturgeon grew up in southern Indiana, just north of Louisville, according to his mother's Facebook page. Those statistics use the definition of four or more shot or killed, not including the shooter - according to the nonprofit Gun Violence Archive.

☆ Newmont plumps offer for Australia's Newcrest to $19.5 bln
▼ + stars: | 2023-04-10 | by ( Melanie Burton | ) www.reuters.com time to read: +3 min

Under the revised offer, Newcrest shareholders would receive 0.400 Newmont share for each share held, with an implied value of A$32.87 a share, up from a previous exchange ratio of 0.380 that Newcrest's board unanimously rejected in February. Newcrest shares rose by as much as 7% to A$30.28 but still traded below the implied offer price. The latest bid is 16% higher than Newmont's initial proposal, and represents a 46% premium to Newcrest's share price on Feb. 3 before Newmont's bid was announced, Newcrest said. Reuters had reported that Newmont was open to raising its offer price for Newcrest. The revised deal is just shy of Glencore's $22.5 billion takeover offer for Canada's Teck Resources Ltd's (TECKb.TO) that was announced earlier this month.

☆ Newmont sweetens bid for Australia's Newcrest to $19.5 bln
▼ + stars: | 2023-04-10 | by ( Melanie Burton | ) www.reuters.com time to read: +2 min

Newcrest said on Tuesday it had given U.S.-based Newmont access to its books following the sweetened all-share bid. "Newmont has indicated that the revised proposal represents its best and final price in the absence of a competing proposal," Newcrest said in a statement. The latest bid is 16% higher than Newmont's initial proposal, and represents a 46% premium to Newcrest's share price on Feb. 3 before Newmont's bid was announced. Reuters had reported that Newmont was open to raising its offer price for Newcrest. Rival miners Barrick and Sibanye Stillwater Ltd (SSWJ.J) have told Reuters they are not interested in bidding for Newcrest.

☆ Stocks making the biggest moves midday: General Motors, AMC, Virgin Orbit, Kinross Gold and more
▼ + stars: | 2023-04-04 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Virgin Orbit — Shares tanked more than 22% after the California-based satellite launch company filed for Chapter 11 bankruptcy protection. Virgin Orbit said it is looking to sell its assets and will lay off nearly all of its workforce. AMC's "APE" preferred shares gained 8.5% following the news. Etsy – Etsy shares gained 2.4% after Piper Sandler upgraded the e-commerce stock to overweight from neutral, saying that its marketplace strengths should help revamp active buyer growth. Gold miners — Shares of mining companies rallied as gold futures popped on Tuesday.

☆ Grade my trade: GOLD, ALB, & GXO
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrade my trade: GOLD, ALB, & GXOCNBC's 'Halftime Report' investment committee, Joe Terranova, Bryn Talkington, Steve Weiss, weigh in on Barrick Gold, Albemarle and GXO Logistics.

☆ Lightning Round: Occidental is Warren Buffett's favorite, it's not my favorite
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Occidental is Warren Buffett's favorite, it's not my favoriteMad Money host Jim Cramer weighs in on all manner of stocks, including Barrick Gold, Occidental, Lumentum Holdings, Nordic American Tanker, Petrobras, Vertex Pharmaceuticals, Dana Inc. and Catalyst Pharmaceuticals.

☆ Lightning Round: Pfizer's got a weaker pipeline than we thought
▼ + stars: | 2023-02-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Pfizer's got a weaker pipeline than we thoughtMad Money host Jim Cramer weighs in on all manner of stocks, including Eli Lilly, Abbott Labs, Analog Devices, Pfizer, ADMA Biologics, Freyr Battery SA and Barrick Gold.

Newcrest, which was spun out of Newmont in the 1990s, rejected the offer last week as too low. But one of Newmont's largest shareholders told Reuters it would not want the company overpaying for its rival. Palmer said that regardless of the outcome of the Newcrest bid, Newmont will develop its 16 billion pounds of copper reserves. Newmont said attributable gold production for the fourth quarter edged up to 1.63 million ounces from 1.62 million ounces in the comparable period a year ago. For 2023, Newmont has given a production guidance between 5.7 million and 6.3 million ounces of gold and guided for an all-in sustaining cost between $1,150 and $1,250 per ounce.

The Newcrest acquisition by Newmont, if successful, could result in the enlarged company shedding some assets. Bristow stuck to the company's 'build, not buy' approach and ruled out the possibility that Barrick would launch a counter bid for Newcrest. Newmont's offer implied a 21% premium to Newcrest's share price. Barrick last month reported a 13.4% rise in gold production as access to high-grade ore at its Cortez and Carlin mines in Nevada powered a "strong finish" to the fourth quarter. Production for the year, however, was 4.1 million ounces of gold, down from 4.4 million ounces in 2021.

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