Posts

Showing posts from August, 2017

Pershing Gold Has The Permits To Commence Mining At Relief Canyon

Image
PERSHING GOLD CORP. $PGLC has completed the preliminary feasibility work required to bring the Relief Canyon Mine back into production. Pershing has in hand a positive preliminary feasibility study as of June 5th, and all the necessary permits required to commence operations at the open pit, heap leach, gold mine in Pershing County, Nevada. The Relief Canyon Mine is situated at the southern edge of the Pershing gold and silver trend along the Humboldt Range.


Jack Perkins, Vice President, Investor Relations for Pershing Gold, said there are a few things to take care of like moving the crusher and improving roads but much construction has been completed; the heap leach pads are 25% built out. He told Resource World, “Right now, what we are looking at is more of a sequence of events. The PFS, which we put out on June 5th, is in front of our board of directors for review. They have the task of making that production decision. If they do that, it will be from six to nine mon…

SinglePoint Developing Bitcoin Exchange to Solve Payment Issues in High Risk Markets

Image
SinglePoint Inc. (OTC: SING), is providing a first-hand look at the company's new Bitcoin exchange aimed toward solving the payments issues plaguing today's cannabis industry.


SinglePoint has started building an in-house solution enabling consumers to obtain Bitcoin at any point of sale. The new solution can be utilized by any business, from convenience stores to medical and recreation cannabis dispensaries.

Currently, there is no standard for payment processing in the cannabis market. It is an under served market with vast opportunity for technology to solve the payments issue crisis.
The company states it will be: 

"A payment service to make instant bitcoin powered purchases possible when all you have is a credit (or debit) card."

The company has done extensive research and the application will be KYC-AML compliant.

Through a simple sign up form and easy ID verification component a customer will be able to set up their account online beforehand or will b…

Core Molding Technologies Delivers Robust 2nd Quarter 2017

Image
Core Molding Technologies, Inc. $CMT today announced results for the second quarter ended June 30, 2017.

“Core Molding delivered strong bottom line growth in the second quarter of 2017 with net income increasing 48% relative to the second quarter of 2016,”said Kevin Barnett, President and Chief Executive Officer.“Product sales were flat as we experienced a 1% decline in product sales to our heavy-duty truck customers offset by higher sales to our marine customers. Notably, the flat sales to our heavy-duty truck customers is a meaningful improvement over the double-digit declines we experienced in the past several quarters. Sales to our truck customers increased approximately 20% versus the first quarter of 2017, which we believe is indicative of a recovery in the truck market.”

Second Quarter 2017 Compared to Second Quarter 2016:


Net sales were $47.4 million compared to $39.0 million.
Product sales were $36.8 million compared to $36.8 million.
Gross margin was 15.5% compare…