U.S. Markets closed

Condor Gold Drilling and Trenching Update on La India and America Areas, La India Project, Nicaragua

LONDON, ENGLAND--(Marketwire - Jan 11, 2013) - Condor (CNR.L), a gold exploration company focused on delineating a large commercial reserve on its 100%-owned, CIM compliant Mineral Resource of 2,375,000 oz gold at 4.6g/t at La India Project in Nicaragua, is pleased to announce the results of the initial 2790.6m of the current phase of resource infill drilling at the La India Vein Set and an update on trenching and drilling activity on the America Vein Set.

Highlights

  • 23 drillholes for 3,462m completed on La India open pit resource area to convert the existing resource from Inferred to Indicated category.
  • Assay results from an initial 19 of these 23 drillholes for 2,790.6m of infill drilling have confirmed gold mineralisation and outlined an additional high-grade shoot in the North of the India-California trend.
  • Best amalgamated drill intercepts through stopes of the historic La India Mine show: 11.95m at 5.72g/t gold, 17.15m at 4.16g/t gold and 18.00m at 4.18g/t gold.
  • Trench intercept of 10m at 5.41g/t gold has extended wide zones of gold mineralisation on the America Vein to at least 600m strike length.
  • Further trench testing of Escondido Vein on the America Vein Set is underway to test an additional 200m strike length.
  • 2,000m drill programme underway at historic America Mine to test for wallrock mineralisation on the America Vein Set with one hole completed.
 
Table 1. Best new drill intercepts on La India Vein Set.
                                 
Rank   Hole_ID   From
(m)
  To
(m)
  Drill
Width (m)
  True
Width (m)
  Gold
(g/t)
  Silver
(g/t)
  Vein
1   LIDC165   103.35   124.60   11.95   11.1   5.72   7.4   amalgamated India remnant wallrock
2   LIDC161   138.20   148.20   17.15   14.6   4.16   4.7   amalgamated India remnant wallrock
3   LIDC170   98.10   123.90   18.00   16.4   4.18   5.12   amalgamated India remnant wallrock
4   LIDC171   104.90   107.78   2.88   2.8   12.16   15.0   India
5   LIDC172   100.50   117.65   17.15   15.5   2.21   8.0   India lower
6   LIDC176   7.80   24.70   16.90   9.7   3.49   18.3   California
7   LIDC168   101.40   109.80   8.40   7.6   2.92   12.8   amalgamated India remnant wallrock
True width is based on the current interpretation of the veins and may be revised in the future. All intercepts over 20gm/t (grade multiplied by true width) shown.

Mark Child, Chairman and CEO commented:

"Condor has made good progress with the completion of 3,462m drilling of a 7,000m drill programme designed with the objective of defining a total of 800,000 oz gold within the Indicated Category by targeting the conversion of the majority of the Inferred resource to Indicated within the open pit shell (currently 534,000oz is within the Indicated Category). The drill results through the historic India Mine are particularly satisfying and demonstrate that Noranda Mining left behind significant amounts of gold mineralized wallrock with drill intercepts: 11.95m at 5.72g/t gold (LIDC165), 17.25m at 4.16g/t gold (LIDC 161), 18.00m at 4.18g/t gold (LIDC170). An additional high grade ore shoot in the North of La India valley, within the open pit resource, defined by 4 drill holes on two cross-sections 50m apart bodes well for a resource increase. Figures 3 to 6 of this announcement show four cross sections of the drill results to date demonstrating the coalescence of La India and California veins with wide zones of moderate to high grade gold mineralization, which demonstrate the open pit resource in the area of the old mine workings.

The latest trench result of 10m at 5.41g/t on the historic America Mine extends the strike length to a minimum of 600m, see RNS of 30th November 2012 for further trench results. A 2,000m drill programme has commenced with a second rig on site and due to start in the next few days. The objective of the drill programme on America historic mine is to repeat the success of a 954,000 oz at 3.6g/t open pit resource on La India historic mine, which is just over 1km to the south."

Condor (CNR.L), a gold exploration company focused on delineating a large commercial reserve on its 100%-owned, CIM compliant Mineral Resource of 2,375,000 oz gold at 4.6g/t at La India Project in Nicaragua, is pleased to announce that 23 drillholes for 3,462m have been completed since the current phase of drilling started at the beginning of November and assay results have been received for the first 19 drillholes for 2,790.6m at La India. This is split between 22 drillholes on the La India Vein Set and 1 drillhole on the America Vein Set. Operations resumed on the 2nd January after a twelve day break over the festive season and the drilling is currently taking place on two fronts with two diamond core drilling rigs operating on the La India Vein Set and one rig on the America Vein Set, a second rig has arrived on site and is due to commence drilling on the America Vein Set in the next few days.

La India Vein Set

Twenty-two drillholes for 3,305.8m out of a 7,000m drilling programme on the La India Vein Set have been completed with the primary aim of converting zones of Inferred Category mineral resource that fall within the bounds of the current Whittle open-pit to the Indicated level of confidence. The current in-pit resource is 8.21 million tonnes at 3.6g/t for 954,000 oz gold of which 534,000 oz gold at 3.9 g/t is in the Indicated Category and 420,000 oz gold at 3.3g/t in the Inferred Category. Most of the Inferred Category is targeted for conversion. A second aim of the drilling programme is to extend the open pit to the north. A third aim of the drilling programme is to test for a parallel vein within the footwall of La India Vein. The fourth aim is to increase the resource within the existing whittle pit shell by targeting areas that have been sparsely drilled and have the potential to add in-situ ounces once drilled to the Indicated level of confidence.

Assay results have been received for 19 drillholes for 2,790.6m of drilling in the Central and North zones of the India-California vein trend. The results received are generally consistent with expectations and appear to validate the geological model used in the current resource. The infill drilling is improving definition of the transition between high-grade shoots and lower grade zones, and definition of the gold distribution within the high-grade shoots where it is currently assigned Inferred resource category (ie. Section 1200 shown on Figure 4 below).

Two areas have already been identified where the width and grade of gold mineralisation has exceeded expectations:

In the Central Zone amalgamated remnant wallrock intercepts of 11.95m (11.1m true width) at 5.72g/t gold from 103.35m drill depth (LIDC165) and 17.15m (14.6m true width) at 4.16g/t gold from 138.20m drill depth (LIDC161) show an increase in grade at width of gold mineralisation at depth and blurred the boundary at depth between what was previously considered two separate high-grade shoots (Figure 6 below).

In the Northern Zone where previously sparse drilling meant that very little wallrock gold mineralisation had been defined for inclusion in the current resource estimation a moderate to high-grade shoot has been intercepted in four drillholes on two sections located 50m apart along strike; the 1400 and 1450 sections shown on Figure 2 below. On the 1450 Section intercepts of 8.40m (7.6m true width) at 2.92g/t Au from 101.40m drill depth (LIDC168) and 2.88m (2.8m true width) at 12.16g/t gold from 104.90m drill depth (LIDC171) demonstrate continuity in gold mineralisation to more than 100m below surface (Figure 5 below)). Fifty metres along strike on the 1400 Section an intercept of 3.40m (3.2m true width) at 8.06g/t Au from 17m depth (LIDC164) represents an up-dip extension to a previous explorer''s drill intercept of 5m (3.8m true width) at 4.89g/t gold from 233m drill depth (DH-LI-10A), approximately 200m below surface (Figure 4 below). This discovery is expected to have a positive influence on the next resource update.

America Vein Set

Diamond core drilling through the historic America Mine workings to test for remnant wallrock gold mineralisation has started with one drillhole for 156.6m completed to date (assay results pending). An RC drilling rig has arrived on site and will start drilling at America within the next few days. The RC rig is capable of drilling to a depth of 100 to 120m and will initially be employed to drill test shallow holes at 50m intervals along strike through the America and Escondido branches of the America Vein Set. The rig is capable of completing a drillhole every one to two days and will provide a rapid assessment of the underground potential of the Vein Set for diamond core follow-up at depth.

The America Vein Set currently contains a mineral resource of 2.11Mt at 6.0g/t for 405,000 oz gold, of which 288,000 oz gold is on the interconnected America-Constancia-Escondido veins, including 480kt at 7.8g/t for 120,000 oz gold in the Indicated category (Figure 1 below). The Indicated Resource is contained within and as extensions of the historic mine workings and is based largely on underground channel sampling. An absence of drilling, and until recently trench sampling in the wallrock of the historic mine workings means that no remnant gold mineralisation that may be present in the wallrock has been included in the current resource estimation. Recent trench sampling has demonstrated that there are significant zones of moderate to high-grade gold mineralisation remaining in the wallrock (see RNS announcement dated 30th November 2012) along the entire 500m strike length of the America Vein. Additional trenching on the America Vein has extended this strike length to at least 600m with intercepts of:

  • 10.00m at 5.41g/t gold in trench LITR152 in a trench excavated along strike to the northwest of the previously defined zone, and
  • an infill trench intercept of 4.00m at 2.12g/t gold in trench LITR151 along strike to the southeast of the previously defined zone near the intersection between the America-Constancia veins and the perpendicular Escondido Vein.

The aim of the current drill and trench programme on America is to prove a second open pit resource on La India project. The drilling will better establish the grade, true thickness and orientation of the gold mineralisation and provide enough 3-Dimensional data to include the wallrock gold mineralisation of the America Mine in a future resource estimation. An initial 2,000m drill programme is planned. Additional trenching is currently underway along the 250m strike length of the Escondido Vein that was historically mined from the point where it intersects the America-Constancia veins. Positive results from the Escondido Vein could fall within the walls of a potential open pit on the America Vein and therefore add ore at the expense of waste rock. Subject to positive trench results a part of the drilling programme will be used to test the Escondido Vein at depth.

 
Table 2. Significant drill intercepts for initial 19 drill holes for 2790.60m of the current drill programme on the India-California veins
                                 
Prospect   Drillhole
ID
  From   To   Drill
Width
  True
Width
  Gold
(g/t)
  Silver
(g/t)
  Vein
(vein assignments
subject to revision)
India North
1700
  LIDC159   52.45   54.45   2.00   2.0   2.15   1.2   India
India North   LIDC160   9.60   9.95   0.35   0.3   14.46   14.1   Cal 2
1600       116.00   116.60   0.60   0.6   0.55   0.4   Cal 1
        154.00   156.10   2.10   2.1   2.95   4.6   India
        165.30   166.60   1.30   1.3   1.45   8.8   India FW1
India Central-   LIDC161   117.90   118.10   0.20   0.2   1.09   0.9   Cal 1
South       138.20   140.70   2.50   2.1   2.21   3.4   India hangingwall
650       140.70   145.20   4.50   3.9   0.00   0.0   India stope
        145.20   146.90   1.70   1.4   6.23   12.4   India middle
        146.90   148.20   1.30   1.1   0.00   0.0   India stope lower
        148.20   161.15   12.95   11.0   4.26   4.0   India footwall
    amalgamated   138.20   148.20   17.15   14.6   4.16   4.7   India remnant wallrock
        170.70   172.97   2.27   1.9   0.73   0.5   India footwall
India North   LIDC162   35.30   35.50   0.20   0.20   2.26   0.7   Cal 3
1400       59.15   60.10   0.95   0.95   0.58   0.5   Cal 2
        102.50   103.40   0.90   0.90   0.51   0.8   Cal 1
        120.50   120.80   0.30   0.30   1.18   1.2   India upper
        132.60   135.60   3.00   3.00   3.38   4.1   India
India North   LIDC163   50.55   52.50   1.95   1.9   2.02   1.2   Cal upper
1650       57.00   58.00   1.00   1.0   1.24   0.9   Cal lower
        74.20   75.00   0.80   0.8   4.80   4.3   India upper
        76.80   77.20   0.40   0.4   3.00   2.0   India lower
India North   LIDC164   17.00   20.40   3.40   3.2   8.06   18.0   Cal
1400       140.40   145.70   5.30   4.9   2.39   9.0   India upper
        148.05   151.00   2.95   2.8   1.53   2.5   India lower
India Central-   LIDC165   103.35   104.70   1.35   1.3   16.57   9.2   India hangingwall
South       114.00   124.60   10.60   9.8   4.33   7.2   India footwall
650   amalgamated   103.35   124.60   11.95   11.1   5.72   7.4   India remnant wallrock
        161.60   163.20   1.60   1.5   0.66   0.2   IIndia footwall
India North   LIDC166   83.50   84.40   0.90   0.8   1.35   0.6   Cal 1
1550       95.60   96.40   0.80   0.7   6.45   5.2   India
India North   LIDC167   64.95   67.30   2.35   2.3   0.34   0.4   Cal 3
1350       92.80   93.60   0.80   0.8   0.81   2.0   Cal 2
        121.25   122.90   1.65   1.6   0.79   1.5   Cal 1
        151.80   154.10   2.30   2.2   1.21   1.2   India
India North   LIDC168   99.20   101.50   2.30   2.1   2.30   16.0   India hangingwall
1450       101.50   103.00   1.50   1.4   -   -   stope
        103.70   109.80   6.10   5.5   3.15   11.7   India footwall
    amalgamated   101.40   109.80   8.40   7.6   2.92   12.8   India remnant wallrock
India Central-   LIDC169   61.82   63.09   1.27   1.2   0.90   0.2   Cal
South       70.70   72.70   2.00   1.9   -   -   stope
700       72.70   84.30   11.60   11.2   0.63   2.8   India
    Including   72.70   74.60   1.90   1.8   2.22   6.3    
    including   77.05   77.40   0.35   0.3   2.28   3.1    
        94.50   96.00   1.50   1.4   1.14   0.9   India footwall upper
        98.90   99.80   0.90   0.9   1.08   1.9   India footwall lower
India Central-   LIDC170   59.50   60.20   0.70   0.6   2.86   2.0   Cal 2
North       83.50   86.50   3.00   2.7   0.66   0.6   Cal 1
1200       98.10   107.10   9.00   8.2   6.34   7.0   India upper
        107.10   114.90   7.80   7.1   -   -   stope
        114.90   123.90   9.00   8.2   2.02   3.3   India lower
    amalgamated   98.10   123.90   18.00   16.4   4.18   5.12   India remnant wallrock
India North   LIDC171   80.60   80.80   0.20   0.2   5.33   14.1   Cal
1450       104.90   107.78   2.88   2.8   12.16   15.0   India
India Central-   LIDC172   96.50   100.50   4.00   3.6   -   -   stope
South       100.50   117.65   17.15   15.5   2.21   8.0   India lower
700   including   100.50   106.50   6.00   5.4   5.58   19.1    
    Including   112.15   112.65   0.50   0.5   1.79   2.4    
    including   116.85   117.65   1.07   0.7   0.80   0.7    
        127.00   127.40   0.40   0.4   0.71   0.4   India footwall
India Central-   LIDC173   81.80   87.70   5.90   5.5   1.46   2.6   Cal 2 upper
Centre       92.85   94.00   1.15   1.1   4.70   2.6   Cal 2 lower
1100       100.35   123.80   32.45   31.8   0.41   1.8   India-Cal
    Including   118.00   118.60   0.60   0.4   2.20   2.4   Cal 1
    including   128.30   129.80   1.50   1.4   3.50   18.5   India
India Central                                
950   LIDC174                           NSR - hole abandoned
India North   LIDC175   98.10   101.00   2.90   2.8   0.72   1.5   Cal 2
1300       111.50   112.00   0.50   0.5   1.84   4.9   Cal 1
        141.18   144.70   3.52   3.4   0.69   1.1   India hangingwall
        144.70   144.90   0.20   0.2   -   -   stope
        144.90   146.40   1.50   1.4   0.28   1.2   India pillar
        146.40   146.60   0.20   0.2   -   -   Stope
India Central   LIDC176   7.80   24.70   16.90   9.7   3.49   18.3   Cal 3
950   including   9.10   14.10   5.00   2.9   9.63   48.9    
        57.80   59.10   1.30   0.7   1.00   1.7   Cal 2
        65.10   68.80   3.70   2.1   0.70   0.8   Cal 1 upper
        76.00   77.20   1.20   0.7   1.10   0.9   Cal 1 lower
        99.00   107.70   8.70   5.0   0.59   1.2   India hangingwall
    including   105.90   107.70   1.80   1.0   1.21   2.6    
        107.70   108.30   0.60   0.3   -   -   stope
        108.30   109.60   1.30   0.7   1.29   2.0   India footwall
India Central   LIDC177   82.45   83.25   0.80   0.7   0.51   0.6   Cal 2 upper
-South       92.50   92.90   0.40   0.4   0.52   0.3   Cal 2
550       99.80   100.35   0.55   0.5   1.48   0.7   Cal 1
        111.90   115.80   3.90   3.5   0.82   1.1   India hangingwall
    including   111.90   113.10   1.20   1.1   1.61   1.0    
        115.80   122.40   6.60   6.0   0.00   0.0   stope
        122.40   132.80   10.40   9.4   0.61   2.0   India footwall
    including   122.40   122.80   0.40   0.4   2.70   0.8    
                                 

True width is based on the current interpretation of the veins and may be revised in the future. True width is an interpretation based on the current interpretation of the veins and may be revised in the future.

To view "Figure 1. Location of the Drilling on the La India and America Vein Sets within the La India Project area", please visit the following link: http://media3.marketwire.com/docs/CONFIG1.pdf.

To view "Figure 2. Plan showing location of drillholes and cross-sections (Figures 3 and 4)", please visit the following link: http://media3.marketwire.com/docs/CONFIG2.pdf.

To view "Figure 3. Cross-section through the newly defined high-grade intercept in the Central area (650 section) showing latest wide high-grade intercepts at depth", please visit the following link: http://media3.marketwire.com/docs/CONFIG3.pdf.

To view "Figure 4. Cross-section through the Central area (1200 section) showing latest wide high-grade intercepts at depth", please visit the following link: http://media3.marketwire.com/docs/CONFIG4.pdf.

To view "Figure 5. Cross-section through the newly defined high-grade intercept in the northern area (1400 section) showing up-dip continuity of latest high-grade intercept near surface with previous explorer''s intercept", please visit the following link: http://media3.marketwire.com/docs/CONFIG5.pdf.

To view "Figure 6. Cross-section through the newly defined high-grade intercept in the northern area (1450 section) showing latest wide high-grade intercept near surface and continuity of mineralization to depth", please visit the following link: http://media3.marketwire.com/docs/CONFIG6.pdf.

Competent Person''s Declaration

The information in this announcement that relates to the mineral potential, geology, exploration Results and database is based on information compiled by and reviewed by Dr Luc English, the Country Exploration Manager, who is a Chartered Geologist and Fellow of the Geological Society of London, and a geologist with seventeen years of experience in the exploration and definition of precious and base metal Mineral Resources. Luc English is a full-time employee of Condor Gold plc and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration, and to the type of activity which he is undertaking to qualify as a Competent Person as defined in the June 2009 Edition of the AIM Note for Mining and Oil & Gas Companies. Luc English consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears and confirms that this information is accurate and not false or misleading.

For further information please visit www.condorgold.com.

About Condor Gold plc:

Condor Resources plc is an AIM listed exploration company focused on developing gold and silver resource projects in Central America. The Company was admitted to AIM on 31st May 2006 with the stated strategy to prove up CIM/JORC Resources in Nicaragua and El Salvador. Condor has seven 100% owned concessions in La India Mining District ("La India Project"); three 100% owned concessions in three other project areas and 20% in the Cerro Quiroz concession in Nicaragua. In El Salvador, Condor has 90% ownership of four licences in two project areas.

Condor''s concession holdings in Nicaragua currently contain an attributable CIM/JORC compliant resource base of 2,497,000 ounces of gold equivalent at 4.6 g/t in Nicaragua and an attributable 1,004,000 oz gold equivalent at 2.6g/t JORC compliant resource base in El Salvador. The Resource calculations are compiled by independent geologists SRK Consulting (UK) Limited for Nicaragua, and Ravensgate and Geosure for El Salvador.

Disclaimer

Neither the contents of the Company''s website nor the contents of any website accessible from hyperlinks on the Company''s website (or any other website) is incorporated into, or forms part of, this announcement.

Technical Glossary

Assay   The laboratory test conducted to determine the proportion of a mineral within a rock or other material. Usually reported as parts per million which is equivalent to grams of the mineral (i.e. gold) per tonne of rock.
CIM   Canadian Institute of Mining, Metallurgy and Petroleum whose terminology, definitions and guidelines are an internationally recognised reporting code as defined by the Combined Reserves International Reporting Standards Committee (CRIRSCO) as required by National Instrument 43-101.
Dip   A line directed down the steepest axis of a planar structure including a planar ore body or zone of mineralisation. The dip has a measurable direction and inclination from horizontal.
Foot wall   The rock adjacent to and below an ore or mineralised body or geological fault. Note that on steeply-dipping tabular ore or mineralised bodies the foot wall will be inclined nearer to the vertical than horizontal.
Grade   The proportion of a mineral within a rock or other material. For gold mineralisation this is usually reported as grams of gold per tonne of rock (g/t).
g/t   grams per tonne
Hanging wall   The rock adjacent to and above an ore or mineralised body or geological fault. Note that on steeply-dipping tabular ore or mineralised bodies the hanging wall will be inclined nearer to the vertical than horizontal.
Inferred Mineral Resource   That part of a Mineral Resource for which tonnage, grade and mineral content can be estimated with a low level of confidence. It is inferred from geological evidence and assumed but not verified geological and/or grade continuity. It is based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that may be limited, or of uncertain quality and reliability.
Indicated resource   that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence. It is based on exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The locations are too widely or inappropriately spaced to confirm geological and/or grade continuity but are spaced closely enough for continuity to be assumed.
Intercept   Refers to a sample or sequence of samples taken across the entire width or an ore body or mineralized zone. The intercept is described by the entire thickness and the average grade of mineralisation.
oz   troy ounces
kt   Thousand tonnes
Mineral Resource   A concentration or occurrence of material of economic interest in or on the Earth''s crust in such a form, quality, and quantity that there are reasonable and realistic prospects for eventual economic extraction. The location, quantity, grade, continuity and other geological characteristics of a Mineral Resource are known, estimated from specific geological knowledge, or interpreted from a well constrained and portrayed geological model.
Mt   Million tonnes
Open pit mining   A method of extracting minerals from the earth by excavating downwards from the surface such that the ore is extracted in the open air (as opposed to underground mining).
oz   Troy ounce, equivalent to 31.103477 grams
Strike length   The longest horizontal dimension of an ore body or zone of mineralisation.
True width   The shortest axis of a body, usually perpendicular to the longest plane. This often has to be calculated for channel or drill samples where the sampling was not exactly perpendicular to the long axis. The true width will always be less than the apparent width of an obliquely intersect sample.
Vein   A sheet-like body of crystalised minerals within a rock, generally forming in a discontinuity or crack between two rock masses. Economic concentrations of gold are often contained within vein minerals.
Wallrock   The rock adjacent to an ore or mineralised body or geological fault.
  • Mario Batali steps down after sexual misconduct allegations
    Finance
    Associated Press

    Mario Batali steps down after sexual misconduct allegations

    Celebrity chef Mario Batali stepped away from his restaurant empire and cooking show "The Chew" on Monday as he said that reports of sexual misconduct "match up" to his behavior. Food news website Eater New York published an article Monday that said four women accused the chef of inappropriate touching. The sexual misconduct allegations are the latest to come against powerful men in entertainment, politics and other industries.

  • President Trump Brags He Was a Top Student at Wharton. Here's What It Said About His Tax Bill
    Politics
    Time

    President Trump Brags He Was a Top Student at Wharton. Here's What It Said About His Tax Bill

    President Trump likes to brag that he graduated from the Wharton School of the University of Pennsylvania, so its take on his tax reform bill might sting a little. In an analysis of the tax reform bill which passed the Senate, the Ivy League business school found that it would increase the national debt by $1.5 trillion over the next decade, while boosting the economy only a small amount in the short term. “Penn Wharton Budget Model’s dynamic analysis projects that The Senate Tax Cuts and Jobs Act increases federal debt in both the short- and long-run relative to current policy,” the analysis reads.

  • Could Seadrill Partners LLC Be a Millionaire Maker Stock?
    Business
    Motley Fool

    Could Seadrill Partners LLC Be a Millionaire Maker Stock?

    This past year has been another disappointing one for investors in Seadrill Partners (NYSE: SDLP). The offshore drilling company has lost more than 20% of its value since the calendar flipped the page, and it's now down more than 85% since it went public in late 2012. On the one hand, that plunge suggests the company could rebound sharply in the coming years as it makes up lost ground now that the oil market appears to be showing signs of improvement.

  • 3 Signs You're Not Saving Enough for Retirement
    Business
    Motley Fool

    3 Signs You're Not Saving Enough for Retirement

    Nearly 40% of Americans are losing sleep at night worrying about saving for retirement. There's a serious retirement crisis brewing, with median retirement-account balances throughout the U.S. valued at just $5,000, and studies showing we spend more time planning for vacations than for retirement.

  • Say ‘Good Bye’ to the General Motors Company Bears!
    Business
    InvestorPlace

    Say ‘Good Bye’ to the General Motors Company Bears!

    It isn’t likely living in the fast lane, but a technical tire kicking to shares of General Motors Company (NYSE:GM) supports the idea of buckling up with a moderately bullish options spread in GM stock. It’s been a tough couple weeks for GM stock. After taking a peek at recent reports that might impact GM, our takeaway is there’s little in the way of headline drivers to account for the larger decline.

  • 18 small-cap stocks that analysts expect to rise at least 50% in 2018
    Business
    MarketWatch

    18 small-cap stocks that analysts expect to rise at least 50% in 2018

    They expect four of them to double in priceBloombergCoal is loaded on a vessel at a Consol Energy-owned terminal. Analysts expect Consol’s share price to rise 63% over the next 12 months.DMAMBMCMDMEMGPREVIEWZBZBRZDZDRZFZGZQZRZSZTZU(This is the third in

  • Why a Roth IRA conversion might be even smarter next year if the tax bill passes
    Business
    MarketWatch

    Why a Roth IRA conversion might be even smarter next year if the tax bill passes

    Here’s an updated scoop on the strategy, taking into account the possibility of tax reformReutersMitch McConnell leaves the Senate during debate over the tax reform plan on Dec. 1, 2017. For years, I’ve lectured chapter and verse about the wonderfulness of Roth IRAs, and they may soon be more wonderful than ever. The quickest way to get a relatively large sum into a Roth IRA so you can start taking advantage of the wonderfulness is to convert a traditional IRA with a hefty account balance into a Roth account.

  • Oracle (ORCL) Gears Up for Q2 Earnings: What's in Store?
    Finance
    Zacks

    Oracle (ORCL) Gears Up for Q2 Earnings: What's in Store?

    Oracle Corporation ORCL is set to report fiscal second-quarter 2018 results on Dec 14. Last quarter, the company reported non-GAAP earnings of 62 cents, which increased 12.3% on a year-over-year basis and also beat the Zacks Consensus Estimate of 61 cents. The current Zacks Consensus Estimate for the quarter under review is pegged at 68 cents compared with 61 cents in the year-ago period.

  • Mario Batali Takes Leave Of Absence After Sexual Harassment Claims
    Business
    Refinery29

    Mario Batali Takes Leave Of Absence After Sexual Harassment Claims

    Mario Batali is stepping away from his restaurant empire after four women have accused him of sexual harassment. Eater, which published a report this morning after conducting dozens of interviews with industry professionals, spoke with the women, who asked to remain anonymous for fear of retaliation. Batali & Bastianich Hospitality Group, which oversees 24 restaurants owned by Batali and others, told Eater it reprimanded Batali in October, when an employee formally reported his alleged misconduct for the first time.

  • Ex-Billionaire Lives on $6,700 A Week After Court Order
    World
    Fortune Videos

    Ex-Billionaire Lives on $6,700 A Week After Court Order

    Vijay Mallya fights his extradition back to India on fraud charges.

  • Boeing delivers widebodies to Middle Eastern airlines and wins a 747 order
    Business
    Puget Sound Business Journal

    Boeing delivers widebodies to Middle Eastern airlines and wins a 747 order

    Boeing delivered two widebody jets to Middle Eastern airlines and won a 747 order this week, generating some cash for the fourth quarter. Chicago-based Boeing (NYSE: BA) delivered a 787-9 Dreamliner to Oman Air and a 777 freighter to Turkish Airlines. Boeing capped off the week by snaring a new order for the $387 million double-decker 747 from an unidentified buyer, according to its orders and deliveries website. The new jumbo jet order means more work for the Everett 747 manufacturing line, which Boeing said last year it might shut down. Airlines pay most of a new jet's price when they receive the aircraft, but also pay deposits when ordering. "The delivery of our first 777 freighter is a milestone

  • Is Oil About To Collapse?
    Business
    Oilprice.com

    Is Oil About To Collapse?

    There are, as I have noted in the past, reasons to believe that the long-term path of oil is still upward, but more immediately there is one dominant factor that keeps adding downward pressure, large and still growing supply from North American shale producers. The second chart, directly above, indicates why American producers are pumping at a growing rate. There are reasons for that recovery, most notably the production cuts agreed by OPEC countries and others including Russia and improving global growth, but those bullish factors are now fully priced in and the effect of that is to encourage U.S. E&P companies to, to borrow a phrase, drill, baby, drill!

  • Incyte (INCY) Reports Phase III Follow-Up Data for Jakafi
    Finance
    Zacks

    Incyte (INCY) Reports Phase III Follow-Up Data for Jakafi

    Incyte Corporation INCY announced a new 208-week (4-year) follow-up data from the phase III RESPONSE study of Jakafi. The study compared the efficacy and safety of Jakafi with best available therapy (BAT) in patients with polycythemia vera (PV), who are resistant to or intolerant of hydroxyurea (HU). The study met the primary endpoint showing that Jakafi was superior to BAT at controlling hematocrit (Hct) and reducing spleen volume at week 32.

  • Shiller Says Minds Are Moving Into a 'State of Worry'
    Business
    Bloomberg Video

    Shiller Says Minds Are Moving Into a 'State of Worry'

    Dec.11 -- Robert Shiller, professor of economics at Yale University, discusses growth versus value and volatility in equities. He speaks with Guy Johnson on "Bloomberg Surveillance."

  • Las Vegas' overhauled Monte Carlo transforming into Park MGM
    Business
    Associated Press

    Las Vegas' overhauled Monte Carlo transforming into Park MGM

    A lifelike network of twisting tree roots emerges from the ceiling and branches out into the lobby featuring green, earthy accents, crystal chandeliers and soon, work from British Pop Art legend David Hockney. Not one slot machine is within sight of the lobby at this Las Vegas casino-hotel. With a robust art collection, rooms with a residential feel and an overall romantic atmosphere that contrasts sharply with the city's stereotypical glitz, the Monte Carlo is being transformed from an antiquated midlevel property taking up prime real estate on the Las Vegas Strip into the upscale Park MGM casino-hotel.

  • 3 Growth Stocks I'd Buy Right Now
    Business
    Motley Fool

    3 Growth Stocks I'd Buy Right Now

    Growth in revenue helps make earnings growth possible, and earnings growth tends to drive stock prices higher. There are lots of growth stocks on the market. Ligand Pharmaceuticals' primary focus is on technologies that help other drugmakers discover and develop medicines more effectively.

  • Sexual misconduct often part of the job in hospitality work
    News
    ABC News

    Sexual misconduct often part of the job in hospitality work

    Another woman worked at an Atlanta restaurant and says her boss did nothing when two dishwashers kept making vulgar comments, so she quit wearing makeup to look less attractive and hopefully end the verbal abuse. In the wake of sexual misconduct allegations against several prominent men in entertainment, politics and journalism, accounts like the ones these women share quietly play out in restaurants, bars and hotels across the country and rarely get the headlines. Court documents and interviews with the women and experts on the topic show hospitality industry workers are routinely subjected to sexual abuse and harassment from bosses, co-workers and customers that are largely unchecked. "I was absolutely humiliated," said Sharonda Fields, who said the abuse at the Atlanta restaurant began shortly after she started working there last year.

  • Two Factors Driving Electric Aircraft
    Business
    Oilprice.com

    Two Factors Driving Electric Aircraft

    A purely electric aircraft is still in its infancy, pending development of battery technology. The weight of the batteries would make the range of a purely electric aircraft too short to be economically viable.

  • Your Social Security Benefits Will Be Smaller Than You Think
    Lifestyle
    Motley Fool

    Your Social Security Benefits Will Be Smaller Than You Think

    If you're counting on your Social Security benefits for retirement income, you should be aware that the benefit amount listed on your Social Security statement is not reliable. Not only is that number just an estimate, but there are certain expenses that will eat into whatever Social Security benefits you end up getting. You see, the number on your Social Security statement is the administration's best guess at what your retirement benefits will be.

  • What This Apple Supplier Just Told Us About iPhone X Demand
    Business
    Motley Fool

    What This Apple Supplier Just Told Us About iPhone X Demand

    For quite a while, chipmaker Broadcom (NASDAQ: AVGO) has telegraphed to the investment community that it expects to see a substantial boost in the dollar content within Apple's (NASDAQ: AAPL) 2017 iPhone lineup -- something on the order of a 40% jump.

  • Valeant (VRX) in Focus: Stock Moves 11.7% Higher
    Business
    Zacks

    Valeant (VRX) in Focus: Stock Moves 11.7% Higher

    Valeant Pharmaceuticals International, Inc. VRX was a big mover last session, as the company saw its shares rise nearly 12% on the day. The company has seen three positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Valeant. Valeant currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

  • Is Gilead Sciences, Inc. a Buy?
    Business
    Motley Fool

    Is Gilead Sciences, Inc. a Buy?

    With only a few weeks remaining in 2017, Gilead Sciences (NASDAQ: GILD) stock price appears to be on course to finish roughly at the same level that it began the year. Is Gilead Sciences a smart pick for investors now? Why buy Gilead?

  • 3 Top Pipeline Stocks to Buy Now
    Business
    Motley Fool

    3 Top Pipeline Stocks to Buy Now

    While those companies use some that cash flow to maintain their pipes, they generate so much each year that they're able to send billions of dollars back to investors via dividends, which makes them excellent stocks for those seeking an additional income stream.

  • Forget Bitcoin: IOTA Just Partnered With 5 Brand-Name Companies on a New Project
    Business
    Motley Fool

    Forget Bitcoin: IOTA Just Partnered With 5 Brand-Name Companies on a New Project

    Leading that charge has been bitcoin, the world's most popular virtual currency. Bitcoin, which began the year at $967, blew through the $13,000 level on Dec. 6, pushing its market cap to nearly $220 billion. With bitcoin up well over 1,200% this year, it's almost laughable to think that it's underperformed many of its peers on a percentage basis year to date.

  • What Are Analysts Saying About The Future Of American Tower Corporation (REIT)’s (AMT) Business?
    Business
    Simply Wall St.

    What Are Analysts Saying About The Future Of American Tower Corporation (REIT)’s (AMT) Business?

    After American Tower Corporation (REIT)’s (NYSE:AMT) earnings announcement in September 2017, it seems that analyst forecasts are fairly optimistic, with earnings expected to grow by 31.28% in the upcoming year against the past 5-year average growth rate of 13.16%. In this article, I’ve outline a few earnings growth rates to give you a sense of the market sentiment for AMT in the longer term. For those interested in more of an analysis of American Tower (REIT), you can research its fundamentals here.