Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold prices rocketed to a five-month high after U.S. inflationdata rose to its highest level in 31 years; however, according to the world'slargest asset management firm, this still might not be enough t...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - According to GlobalData, gold production in China, the world's largest gold producer and consumer, is expected to grow by 4.7% in 2021, against a 3.9% fall reported in 2020.The country's production dec...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Osisko Gold Royalties (OR: TSX & NYSE) reported today that the company earned 20,032 gold equivalent ounces (GEOs) in Q3 2021, up 20% compared to Q3 2020 (16,739 GEOs).Importantly, the company posted r...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Lundin Gold (TSX: LUG) today reported third quarter 2021 gold production of 107,663 oz from its Fruta del Norte gold mine in southeast Ecuador resulting in gold production of 320,599 oz for the nine mo...Read More
Mr.Michael Spreadborough reportsMECHANICAL SORTER CONSTRUCTION COMPLETE AHEAD OF PHASE 2 TRIALS AT NULLAGINE GOLD PROJECTNovo Resources Corp.intends to commence phase 2 mechanical sorting trials of Pilbara deposit bulk samples from early December, 2021. The company's Steinert KSS 100F LIXT fine mechanical sorting unit will be installed adjacent to the company's Golden Eagle processing facility in...Read More
Mr. Jeff Chisholm reports PAN ORIENT ENERGY CORP. -2021 THIRD QUARTER FINANCIAL & OPERATING RESULTSPan Orient Energy Corp. has released 2021 third quarter consolidated financial and operating results. Please note that all amounts are in Canadian dollars unless otherwise stated and bopd refers to barrels of oil per day.The company is today filing its unaudited consolidated financial statements...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -The gold market is seeing new bullish momentum after U.S.inflation data rose to its highest level in more than three decades, and someanalysts are looking for a move back to $1,900 an ounce in the near...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Pan American Silver (NASDAQ: PAAS) (TSX: PAAS) today reported that in Q3 2021, the company's consolidated silver production was 4.8 million ounces, an increase of 17% compared to Q3 2020.The company al...Read More
Nov 10 (Reuters) - Traders sent real yields on U.S. Treasuries to record lows on Wednesday after new consumer price data reinforced inflation concerns and flattened a closely watched part of the yield curve.The yield on 10-year Treasury Inflation Protected Securities dipped as low as -1.243% and the yield on 30-year TIPS went as low as -0.608%, both records, in morning trading.The moves came after...Read More
By Reuters StaffNov 10 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Wednesday said she expects high inflation to moderate once COVID-19 recedes, and repeated that it would be “quite premature” to raise rates now or even to speed up the Fed’s bond-buying taper.“Uncertainty requires us to wait and watch with vigilance,” Daly said in an interview...Read More
LONDON, Nov 10 (Reuters) - From oil to currencies to interest rate swaps, one of the world's top investment banks is betting on inflation to be the biggest generator of market returns in 2022.In its widely anticipated top trading ideas for next year, Goldman Sachs recommends buying currencies of countries where policymakers will take a more hawkish approach to inflation as economies struggle to ta...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Today, Newmont (NYSE: NEM, TSX: NGT), the world's largest gold mining company, announced a strategic alliance with Caterpillar, producer of the world's most comprehensive suite of mining equipment and...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold and silver prices are solidly higher at middayWednesday, with gold notching a five-month high and silver a three-month peak.Hot inflation numbers from the U.S. and China fueled buying interest in t...Read More
(Kitco News) The market is no longer convinced that inflation might be as transitory as the Federal Reserve is letting on after U.S. consumer prices jumped 6.2% on an annual basis in October - the hottest reading since 1990.In response to the data, gold jumped nearly $40 on the day, with December Comex futures last trading at $1,867.50, up 2% on Wednesday. Stocks, on the other hand, dipped as risk...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Formany gold and silver market bulls, it took a while for their markets to catchfire due to rising and even problematic inflation around the globe. However, atmid-week it appears traders are now seeking...Read More
Nov 10 (Reuters) - Tesla Inc (TSLA.O) shares fell for the fourth straight session on Wednesday, putting at risk the electric-car maker's position in the $1 trillion club after top boss Elon Musk polled Twitter users about selling 10% of his stake.Shares fell as low as 3.5% to $987.31 in volatile early trading, briefly pushing its market value below the $1 trillion mark.The company has lost nearly...Read More
BERLIN, Nov 10 (Reuters) - Germany's federal government finances are in a critical state and the next government must consolidate them, the federal audit office said on Wednesday in a warning shot to parties working to form a ruling coalition who are considering taking on more debt.The centre-left Social Democrats (SPD), the ecologist Greens and the pro-business Free Democrats (FDP) face a massiv...Read More
LONDON (Reuters) - The dollar rose against major peers on Wednesday, ending three days of weakness, after U.S. consumer prices surged to their highest since 1990 and fuelled fears inflation could prove stickier than currently envisaged by the Federal Reserve.In the 12 months through October, the consumer price index accelerated 6.2%. the U.S. Labor Department said on Wednesday, while analysts expe...Read More
SHANGHAI/HONG KONG, Nov 10 (Reuters) - Some bondholders of cash-strapped China Evergrande Group (3333.HK) have not received coupon payments by the end of 30-day grace periods at close of Asia business on Wednesday, sources said, pushing the developer again to the edge of default.Evergrande, the world's most indebted developer which once epitomised a freewheeling era of borrowing and building, has...Read More
Ms. Sharyn Alexander reportsSUN SUMMIT APPOINTS PURNI PARIKH TO BOARD; GRANTS STOCK OPTIONS Sun Summit Minerals Corp. has appointed Purni Parikh to its board of directors.Ms. Parikh has over 25 years of public company experience in the mining sector including corporate affairs and finance, legal and regulatory administration, and governance. Ms. Parikh is president of the Augusta group of companie...Read More