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) - Treasury Metals (TSX: TML)today announced high-grade intersections from an initial 6,650 metres from 12holes of a planned 25,000 metre diamond drilling program for 2021 at theGoliath gold deposit, loca...Read More
Oct 13 (Reuters) - Dell Technologies Inc (DELL.N) on Wednesday said it will release software designed to help telecommunications carriers manage the computers in their networks, deepening its push to become a major player in 5G technology.Dell has been working to take advantage of an industry-wide movement toward a technology called Open Radio Access Network (O-RAN), where telecommunications car...Read More
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)* JPMorgan falls, BlackRock gains after earnings* Apple falls after report of lower iPhone production* Indexes: Dow down 0.1%, S&P up 0.1%, Nasdaq up 0.5% (New throughout, updates prices, market activity and comments to after Fed minutes; new byline, adds dateline)Oct 13 (Reuters) - U.S. st...Read More
(Adds context, WCG's IPO details)Oct 13 (Reuters) - WCG Clinical Inc, a clinical trial solutions company backed by Singapore's sovereign wealth fund GIC, on Wednesday filed to withdraw its initial public offering, joining a list of companies that pulled the plug on their offerings in recent weeks.The company did not give a reason for the withdrawal in its paperwork with the U.S. securities regulat...Read More
(Kitco News) - The price of silver could possibly surge to $40 an ounce bymid 2022, James Anderson, CEO and Chairman of Guanajuato Silver Companypredicts. But Silver has continued to underperform 2021 estimates, currently hoveringat about $23 an ounce.Anderson explained why he is so bullish on silver. "If we have a weak economycoupled with a drive towards needing and using more silver, you're goi...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) - Cypress Development (TSXV:CYP) reported Wednesday that the assembly of the pilot plant for the company's100%-owned Clayton Valley lithium project in Nevada is complete. According to the company'sstatem...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) - Marimaca Copper (TSX: MARI) said today it encounteredsignificant extensions at depth of known copper mineralization at its MarimacaOxide Deposit (MOD). The company was up 19% to $4.45. The Marimaca cop...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) - Nevada Lithium Resources (CSE:NVLH) released its preliminaryeconomic assessment for its Bonnie Claire Lithium Project, located in NyeCounty, Nevada. The company highlighted the following: Average annua...Read More
(Reuters) -AvidXchange Inc opened around 3.4% below its initial public offering (IPO) price in its Nasdaq debut on Wednesday, giving the U.S. business payments firm a market capitalization of roughly $4.62 billion.Shares of the company, which counts Mastercard Inc among its investors, opened at $24.14, compared with the IPO price of $25 per share.AvidXchange, which makes software that automates pa...Read More
* Dollar eases off more than one-year high* Focus on U.S. Fed minutes due at 1800 GMT* Banks prepare to scrap LME gold and silver contracts (Adds comment, graphic, updates prices)Oct 13 (Reuters) - Gold prices rose 2% on Wednesday as the dollar and U.S. Treasury yields retreated, with investors' focus on minutes from the Federal Reserve's latest policy meeting for confirmation of its tapering stra...Read More
(Kitco News) Federal Reserve minutes from the September meeting showed central bank officials looking to start reducing their bond-buying stimulus program as soon as mid-November or mid-December, with plans to wrap up in the middle of next year. "Participants generally assessed that, provided that the economic recovery remained broadly on track, a gradual tapering process that concluded around the...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) - Atalaya Mining (TSX:AYM) todayannounced that copper production in Q3 2021 at its Proyecto Riotinto site inSpain remained strong at 13,933 tonnes.As a result of the strongperformance at Proyecto Riotint...Read More
LONDON, Oct 13 (Reuters) - A collapse in cryptocurrencies is a "plausible scenario" and rules are needed to regulate the fast-growing sector as a "matter of urgency", Bank of England Deputy Governor Jon Cunliffe said on Wednesday.Risks to financial stability from the application of crypto technologies are currently limited, but there are a number of "very good reasons" to think that this might not...Read More
LONDON, Oct 13 (Reuters) - Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy markets under control, the International Energy Agency (IEA) said on Wednesday."The world is not investing enough to meet its future energy needs ... transition?EUR?related spending is gradually picking up, but remains fa...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) - Hecla Mining (NYSE:HL), theUnited States' largest silver producer, announced yesterday that its silverproduction of 2.7 million ounces in Q3 2021 was 24% lower compared to Q3 2020 dueto lower grades at...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) - Eldorado Gold today announcedQ3 2021 preliminary gold production of 125,459 ounces, an 8% decrease from136,922 ounces produced in Q3 2020 and an 8% increase from 116,066 ouncesproduced in Q2 2021. Eldo...Read More
LONDON (Reuters) -Regulators need to work quickly to put in place a set of rules for cryptocurrencies, given the sector's rapid growth and the time it takes to agree on new standards, Bank of England Deputy Governor Jon Cunliffe said on Wednesday."Regulators internationally and in many jurisdictions have begun the work. It needs to be pursued as a matter of urgency," Cunliffe said in a speech to t...Read More
FRANKFURT (Reuters) - Otima Energie, a small German power and gas retail company, on Wednesday declared itself insolvent, the latest victim of soaring energy prices, while E.ON, Entega and EnBW temporarily withdrew their gas deals from price comparison portal Verivox.Suppliers across Europe are struggling with rocketing prices due to factors ranging from insatiable Asian demand to Europe's carbon...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 areposting strong gains in midday U.S. trading Wednesday, with both metals hittingfour-week highs. Buy stop orders were hit in the futures markets for the metalsafter key techni...Read More
HONG KONG, Oct 13 (Reuters) - The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed.The figures demonstrate the impact of a crackdown on bitcoin trading and mining launched by China's State Council, or cabinet, in late May, which devastated the industry and cause...Read More