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) - Cerrado Gold announced todaythat production of gold equivalent ounces ("GEO") was 10,549 ounces for Q3 2021from the Minera Don Nicolas mine in Argentina, a 6% increase over Q2 2021 GEOproduction of 9,9...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) -Vital Metals (ASX: VML), thefirst rare earths producer in Canada and only the second in North America,announced yesterday that it has amended its offtake agreement with Norway-basedREEtec, increasing th...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 remains trapped below $1,800 an ounce andeven the rising risk of stagflation will not be enough to support prices in theshort term, according to analysts at Bank of America.In a report...Read More
(Reuters) - Two cryptocurrency lending platforms were asked to cease activities in New York by the state's attorney general on Monday and three other platforms were directed to provide information about their business.The move comes weeks after New York Attorney General Letitia James won a court order forcing the closure of cryptocurrency exchange Coinseed.In a redacted version of a letter dated M...Read More
(Reuters) - Mining investor Pallinghurst Group will acquire a 19.2% stake in electric-vehicle battery metal miner Talon Metals Corp for about $80.2 million, as it looks to tap the opportunity arising from growing demand for EVs to cut carbon emissions.A global drive towards electrification of road transport to cut greenhouse gas emissions has pushed up prices and demand for battery metals such as...Read More
Mr. Steve Parsons reports GOLDSOURCE ANNOUNCES STOCK OPTION GRANT AND APPOINTMENT OF KIMBERLY NEWSOME AS VICE PRESIDENT, FINANCEGoldsource Mines Inc. has appointed Kimberly Newsome as vice-president, finance, effective Oct. 15, 2021.Based out of the company's Vancouver office, Ms. Newsome will be responsible for managing the finance function for the company in respect of strategic financial analys...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 areslightly down in lackluster midday U.S. trading Monday. It's a quieter start tothe trading week and the metals market traders are awaiting new fundamentalinformation to help...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) - Europe-focused lithiumdeveloper Vulcan Energy (ASX:VUL) announced yesterday that the company hassecured a new binding lithium hydroxide offtake agreement with?EUR?Umicore, as partof its Zero Carbon?EUR...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) - Great Panther Mining (TSX:GPR) reported Monday that Tucano's geotechnical committee has advised the companythat additional remediation work is required on the Urucum Central South("UCS") open pit to im...Read More
Oct 18 (Reuters) - U.S. Trade Representative Katherine Tai and Deputy Trade Representative Jayme White will travel to Brussels on Tuesday and then to London on Thursday to attend the G7 trade ministers meeting, the USTR office said.In Brussels, they will meet with European Union leaders and participate in roundtable discussions with labor and environment leaders, the USTR office added. Tai will re...Read More
TAIPEI, Oct 18 (Reuters) - Taiwan's Foxconn (2317.TW) unveiled its first three electric vehicle prototypes on Monday, underscoring ambitious plans to diversify away from its role of building consumer electronics for Apple Inc (AAPL.O) and other tech firms.The vehicles - an SUV, a sedan and a bus - were made by Foxtron, a venture between Foxconn and Taiwanese car maker Yulon Motor Co Ltd (2201...Read More
NEW YORK (Reuters) - The dollar gained slightly on the day on Monday as Treasury yields rose on expectations the Federal Reserve will need to hike interest rates sooner than previously expected to quell rising price pressures.Market participants expect the U.S. central bank will need to act as inflation looks to be stubbornly persistent and unlikely to fade anytime soon.Global increases in inflati...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) - Russian mining company Polymetal,a top-10 global gold producer and top-5 global silver producer, today announcedfirst concentrate production at the Nezhda gold-silver mine, located in Russia."Following...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) - IAMGOLD (TSX: IMG) (NYSE:IAG) today reported that the company produced 153 thousand ounces in Q3 2021,4% less than a year before (Q3 2020: 159 thousand ounces).The company said that its Essakanemine in...Read More
LONDON, Oct 18 (Reuters) - Asda, the British supermarket chain, and EG Group have terminated a deal that would have seen EG buy Asda's petrol forecourts for 750 million pounds ($1.03 billion), the two companies said on Monday.Both Asda and EG are owned by Zuber and Mohsin Issa and private equity group TDR Capital.The deal was initially struck in February. However, regulatory restrictions placed on...Read More
BEIJING/MOSCOW/PRAGUE, Oct 18 (Reuters) - China's power shortages hit growth in the world's second biggest economy, threatening more pain for global supply chains, while Europe's gas squeeze looked set to continue as Russia's Gazprom showed no sign of hiking exports to the region in October.Coal, oil and gas prices have all rocketed higher in recent weeks hammering utilities and consumers from...Read More
Dr. Roger Moss reports LABRADOR GOLD ANNOUNCES RECEIPT OF DRILL PERMIT FOR APPLETON FAULT TARGETS, MOBILIZES DRILLLabrador Gold Corp. has receivedexploration approval for diamond drilling of regional Appleton fault zone targets at its 100-per-cent-controlled Kingsway project near Gander, Nfld. The Kingsway project is located within the highly prospective Gander Gold District.LabGold has mobilized...Read More
TOKYO, Oct 18 (Reuters) - Bitcoin hovered near six-month highs on Monday in anticipation of the listing of the first futures-based bitcoin exchange-traded funds (ETF) in the United States, which investors hope will boost cryptocurrency trading volumes.If the U.S. Securities and Exchange Commission (SEC) does not object, the ProShares Bitcoin Strategy ETF completes a 75-day period since the fund ma...Read More
Oct 18 (Reuters) - Walt Disney's (DIS.N) stock received a rare Wall Street downgrade on Monday, as Barclays called for bold changes from the media giant to reverse slowing growth at its Disney+ streaming service.Disney Chief Executive Officer Bob Chapek last month hinted at a slowdown in Disney+, saying fourth-quarter global paid subscribers will grow by "low single digit" millions compared with...Read More
ROME, Oct 18 (Reuters) - Centre-left candidates looked set to win resounding victories in mayoral elections in Rome and Turin, according to exit polls on Monday that predicted they had swept aside centre-right opponents in run-off ballots.If the exit polls are confirmed they will complete a round of centre-left triumphs in Italy's largest cities and mark a setback for the rightist alliance which i...Read More