Mr. Adam Horne reportsTOMBILL MINES EMBARKS ON ITS SURFACE EXPLORATION PROGRAM AND COMPLETES INAUGURAL NEAR SURFACE DRILLING Tombill Mines Ltd. has provided an exploration update at its 100-per-cent-controlled, royalty-free, flagship and patented Tombill main group and its claims within the Geraldton gold camp.Summary of recent results from the Talmora near-surface drill program:Hole TAL21-002 ret...Read More
Mr. David Stein reportsKUYA SILVER COMMENCES PHASE TWO BETHANIA EXPLORATION PROGRAM Kuya Silver Corp. has begun the second phase of its 2021 exploration program at the Bethania project, Peru. Kuya Silver's geologic team has begun a detailed surface sampling and trenching program and plans to continue with a multi-phase exploration program over the coming months. After successfully concluding the P...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) - Pure Gold Mining (TSX-V: PGM) reported gold production of 9,260 ounces in Q3 2021 at its PureGold mine in Ontario, a 54% increase compared to the second quarter driven by higher grades and increased to...Read More
By Other For Kitco News Follow @KitcoNewsNOW Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitati...Read More
Nov 15 (Reuters) - Wall Street indexes were pulled off session highs on Monday as technology stocks came under pressure from rising Treasury yields, although losses in the Dow Jones were mitigated by Boeing, which surged on a potential Saudi Arabian order.The Nasdaq (.IXIC) fell the most among its peers, coming off early gains as heavyweight technology stocks retreated. Higher Treasury yields tend...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) - Argonaut Gold (TSX: AR) announced today that the company produced 58,777 gold equivalent ounces in Q3 2021, an increase of 20% compared to Q3 2020.The company explained that higher production was prima...Read More
Nov 15 (Reuters) - Goldman Sachs has forecast growth in the U.S. core personal consumption expenditures (PCE) index to nearly halve by the end of 2022, as the U.S. bank expects a surge in commodity prices and supply-chain constraints to ease after causing near-term price spikes.Economists at Goldman Sachs expect the core PCE index - the Federal Reserve's preferred inflation measure - to fall to 2....Read More
(Kitco News) It is best to avoid U.S. stocks and bonds next year as high valuations and tighter monetary policy fail to support a good investment case, according to strategists at Morgan Stanley."We think that 2022 is really about 'mid to late-cycle' challenges: better growth squaring off against high valuations, tightening policy, rambunctious investor activity and inflation being higher than mos...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 has broken out after five months ofconsolidation, and commodity analysts at Soci?(C)t?(C) G?(C)n?(C)rale see the potential fora significant rally through the first quarter of 2022.In its...Read More
Mr. Eric Fier reportsSILVERCREST REPORTS Q3 2021 FINANCIAL RESULTSSilvercrest Metals Inc. has released its unaudited financial results for the third quarter of 2021 (Q3, 2021).The company's top priority is on the high-grade, historic Las Chispas mining district in Sonora, Mexico, where it has completed a feasibility study on the Las Chispas project.Details of the feasibility study, including an up...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 modestly lower in midday U.S. trading Monday. Gold didpoke to another five-month high early on. Some normal profit taking was seen bythe shorter-term futures traders was featu...Read More
OTTAWA, Nov 15 (Reuters) - The Bank of Canada will not raise its benchmark interest rate until the slack in the country's economy is absorbed, which has not yet happened but is getting closer, Governor Tiff Macklem said in a newspaper opinion piece on Monday.Macklem also noted that while inflation risks have increased - driven by pandemic-induced demand shifts, supply disruptions and higher energy...Read More
LONDON, Nov 15 (Reuters) - Bank of England Governor Andrew Bailey said he was very uneasy about the inflation outlook and that his decision to keep interest rates on hold earlier this month, which shocked financial markets, had been a very close call."I'm very uneasy about the inflation situation," Bailey told the House of Commons Treasury Committee on Monday. "I want to be very cle...Read More
The gold rush has begun with a weekly breakout. The next major levels to watch are $1,880-$1900 December gold futures. The buying has been on volume giving two weeks of higher prices and higher volume. A pullback to 1840 would be no surprise, but it would be a buying opportunity.Silver looks very similar to gold and could launch farther and faster. There is no way to know for sure. However, the ne...Read More
Mr. John Mirko reportsROKMASTER ACQUIRES 5,326 HA OF MINERAL CLAIMS TARGETING AU-AG-PB-ZN-CU MINERALIZATION AT ITS NEW REVEL NORTH PROPERTYRokmaster Resources Corp. has substantially expanded is mineral claim holdings north of the main Revel Ridge project area. Newly acquired mineral tenures Downie (3,173 ha), Keystone (1,992 ha), and North (161 ha) claims overlie the portions of the historic Keys...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) - Bitcoin-U.S. dollar prices arehigher in early U.S. trading Monday. A price uptrend is in place on the dailybar chart. The Bitcoin bulls still have the solid overall near-term technicaladvantage, to sug...Read More
WASHINGTON, Nov 15 (Reuters) - In need of a political boost, President Joe Biden will sign a $1 trillion infrastructure bill on Monday at a ceremony expected to draw Democrats and some Republicans who were instrumental in getting the legislation passed.The measure is expected to create jobs across the country by dispersing billions of dollars to state and local governments to fix crumbling bridges...Read More
LONDON, Nov 15 (Reuters) - Royal Dutch Shell (RDSa.L) said on Monday it would scrap its dual share structure and move its head office to Britain from the Netherlands, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas.The company, which long faced questions from investors about its dual structure and had recently been hit by a Dutch court or...Read More
LONDON, Nov 15 (Reuters) - The euro touched a May 2020 low against the safe haven Swiss franc on Monday, and the dollar hovered around a 16-month high as U.S. inflation raised bets on a Federal Reserve interest rate hike.With inflation fears rising and concerns over the COVID-19 pandemic pressuring global economic growth, the Swiss franc hit 1.0530 against the euro overnight, its highest level ver...Read More
* Gold set to break a seven-session winning streak* UBS sees weaker silver price with the Fed's policy normalisationNov 15 (Reuters) - Gold prices traded in a narrow range on Monday following a recent inflation-driven rally, with a weaker dollar and a pullback in U.S. bond yields limiting losses in bullion.Spot gold was little changed at $1,864.85 per ounce by 1308 GMT, while U.S. gold futures eas...Read More