WASHINGTON, Nov 8 (Reuters) - Randal Quarles, who served as the U.S. Federal Reserve's vice chair for supervision and most powerful bank regulator until last month, announced Monday he will step down as a bank governor at year's end, closing a four-year term during which critics said he was too friendly towards Wall Street.Quarles's exit also will open up another slot for President Joe Biden to fi...Read More
NIAMEY, Nov 8 (Reuters) - At least 18 people were killed onSunday in an artisanal gold mine collapse in southern Niger, thelocal mayor said on Monday.The disaster took place in the southern Maradi region, nearthe border with Nigeria. The death toll is likely to rise, saidAdamou Guero, mayor of the commune of Dan Issa."When we arrived at the site yesterday, people were stillsearching for bodie...Read More
NEW YORK, Nov 8 (Reuters) - Inflows into bitcoin products and funds have hit a record $6.4 billion so far this year, data from digital asset manager CoinShares showed, as investors bought the cryptocurrency on more widespread government acceptance and positive momentum.Bitcoin inflows totalled $95 million last week, representing the largest inflows of all digital assets, while inflows during an ei...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) - Aurion Resources (TSX VENTURE: AU) announced Monday that it has signed a formal definitive option agreement with Kinross Gold (TSX: K) granting Kinross the right to earn up to an undivided 70% interest...Read More
Nov 8 (Reuters) - Short-term inflation expectations increased in October and consumers' expectations for how much money they will earn and spend over the next year rose to the highest level in eight years, according to survey findings released by the New York Federal Reserve on Monday.Median expectations for what inflation will be one year from now rose in October for the 12th straight month to 5....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 holding on to gains at a two-month high and is within striking distance of retesting a major resistance point. Despite the latest rally, some market analysts have noted that the preci...Read More
(Kitco News) The crypto space's combined market cap has hit $3 trillion as Ethereum pushed to new all-time highs and Bitcoin approached record levels. On Monday, the overall market cap of cryptocurrencies had reached $3.03 trillion, according to data provided by CoinGecko.The biggest crypto drivers were the top four cryptocurrencies — Bitcoin, Ethereum, Binance Coin, and Solana. Ethereum sur...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) - Gatos Silver (NYSE/TSX: GATO) reported Monday that the company produced 1.7 million ounces of silver, 1.3 thousand ounces of gold, 10.8 million pounds of lead and 13.5 million pounds of zinc in Q3 2021...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) - AngloGold Ashanti, one of the largest gold producers worldwide, today reported that its Q3 2021 production of 613,000oz was down 17% year-on-year, excluding Obuasi, which resumed underground mining act...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 moderately up in midday U.S. trading Monday, with goldscoring a two-month high and the bulls gaining momentum. It appears the metalstraders have turned their focus from the be...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) - Karora Resources (TSX: KRR) today announced record third quarter 2021 consolidated gold production of 30,365 ounces, an increase of 23% compared to third quarter 2020 (24,717 ounces).The company added...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 found some new life as investors reactto growing inflation pressures; however, one market analyst said that goldstill needs to break through a critical level for momentum to pick up...Read More
Nov 8 (Reuters) - The U.S. Transportation Department will announce on Monday it is offering an additional $184 million in payroll assistance to 158 more aviation manufacturing businesses.In September, the department offered $482.3 million to 313 aviation manufacturing businesses. The new offers include $17.5 million to BAE Systems Controls (BAES.L) and about $13 million to both Airbus's U.S arm (A...Read More
NEW YORK (Reuters) - Potentially destabilizing disruptions in U.S. Treasuries as the Federal Reserve pares bond buying have rekindled calls for it to change a capital rule which banks say discourages them from supporting the market.Bond market volatility increased in late October, fueling fears it may again seize up as it did in March 2020 and during 2013's "taper tantrum" when traders d...Read More
WASHINGTON (Reuters) -U.S. Federal Reserve officials on Monday turned their focus towards a debate over interest rate policy that is likely to intensify in coming months, with one top official saying the conditions for a rate hike could be met next year with job growth expected to continue and inflation already pushing beyond comfortable levels.Fed Vice Chair Richard Clarida said that while the Fe...Read More
ReutersSYDNEY, Nov 8 (Reuters) - Bitcoin rallied toward its all-time high on Monday and ether climbed to a fresh record as cryptocurrencies rode a wave of momentum, flows, favourable news and inflation fears.Bitcoin jumped more than 4% to as high as $66,170, approaching the unprecedented $67,016.50 level reached on Oct. 20, while ether - which underpins the ethereum network - sat at a record top o...Read More
Nov 8 (Reuters) - The Dow hit a record high on Monday as the passage of a $1 trillion infrastructure bill lifted industrials, materials and other economy-focused sectors, while Tesla fell on top boss Elon Musk's plan to sell about a tenth of his stake.Six of the 11 major S&P 500 sector indexes were higher in early trading after the Congress on Saturday passed the long-delayed infrastructure bi...Read More
Mr. Alastair Still reports GOLDMINING REPLACES EXISTING NET PRODUCTION ROYALTY ON THE CACHOEIRA PROJECT WITH NET SMELTER ROYALTY WITH BUY-BACK OPTION BRI Mineracao Ltda., a wholly owned subsidiary of Goldmining Inc., has completed a transaction to replace the remaining 1.33-per-cent net production royalty on the company's Cachoeira project in Brazil, with a 0.5-per-cent net smelter return royalty,...Read More
Mr. Guy Goulet reportsCERRO DE PASCO RESOURCES TO ACQUIRE TREVALI'S SANTANDER MINECerro de Pasco Resources Inc. has entered into a share purchase agreement with Trevali Mining Corp., pursuant to which it will acquire Trevali's Santander mine, located approximately 215 kilometres northeast of Lima, Peru, and comprising an underground mine, a 2,000-tonne-per-day processing mill, a conventional sulph...Read More
Mr. John Williamson reportsBENCHMARK DRILLS 3.05 METRES OF 57.65 G/T GOLD EQUIVALENT WITHIN 68.58 METRES OF 3.22 G/T GOLD EQUIVALENT AT CLIFF CREEKBenchmark Metals Inc. has released new results from infill drilling at the Cliff Creek Mid zone, including 3.05 metres core length of 56.65 grams per tonne gold and 79.75 g/t silver or 57.65 g/t gold equivalent* within 68.58 m core length of 3.07 g/t go...Read More