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, Novo Resources (TSX:NVO) announced that in Q3 2021, production at its Beatons Creek project,located in Nullagine, Western Australia, totalled 18,144 ounces of gold,representing a 22% increase ov...Read More
(Kitco News) With energy prices at multi-year highs, Capital Economics highlights the commodities most sensitive to these price fluctuations.The commodities that are likely to be most affected by the looming energy crisis are the industrial metals, agriculture, and the precious metals sector, Capital Economics commodities economist Edward Gardner said in a report."Historically, energy prices have...Read More
WASHINGTON, Oct 12 (Reuters) - The number of Americans voluntarily quitting their jobs surged to a record high in August and there were more than 10 million vacancies, pointing to a tightening labor market that could help to keep inflation high as companies raise wages to lure workers.The Labor Department's monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday was another ref...Read More
BOGOTA, Oct 12 (Reuters) - Colombia's 2021 fiscal deficit may be lower than previously projected thanks to the recovery of oil prices and better economic growth, Finance Minister Jose Manuel Restrepo said on Tuesday, without giving a new estimate.The Andean country's government has predicted a fiscal deficit of 8.6% of GDP and economic growth of 6% for this year.The government's economic growth pr...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) - Otso Gold (TSX.V: OTSO) todayannounced the receipt of all necessary approvals for the restart of operationsand the pouring of gold at the Otso Gold mine from the regulatory authoritiesin Finland. "The...Read More
PRAGUE (Reuters) - Slovak central bank Governor and European Central Bank governing council member Peter Kazimir has been charged with bribery but denies wrongdoing and will defend himself against the charges, Kazimir and his lawyer said on Tuesday."I do not feel guilty of any crime," Kazimir, who served as finance minister before taking the central bank post in 2019, said in an emailed statement...Read More
Mr. Jeffrey Wilson reportsPRECIPITATE SECURES OPTION TO ACQUIRE 100% OF ACE GOLD PROJECT IN NORTHERN NEWFOUNDLAND, CANADAPrecipitate Gold Corp. has secured exclusive rights to acquire a 100-per-cent interest in three mineral exploration licences totalling 2,500 hectares making up the Ace gold project located at the northern end of the Exploits subzone (Dunnage tectonic zone) of north-central Newfo...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) - Orla Mining (TSX: OLA; NYSE:ORLA) today reported that construction of its Camino Rojo gold project was 89%complete as of September 30, 2021, and that the project is on schedule forfirst pour in Decembe...Read More
NEW YORK, Oct 12 (Reuters) - U.S. inflation is elevated but it is not at the point where it would affect the Federal Reserve's stance on interest rates, Atlanta Fed Bank President Raphael Bostic said on Tuesday, adding he still expects it will be more than a year before the central bank raises rates from near zero levels."I'm not seeing signs that this elevated inflation is doing the kind of harm...Read More
WASHINGTON (Reuters) -The Asian Development Bank's chief said on Tuesday said the lender will boost its climate financing goals by $20 billion to a new target of $100 billion for the 2019-2030 period and aims to launch its concept for retiring coal-fired power plants at the COP26 climate conference in Scotland next month.The plans, disclosed by ADB President Masatsugu Asakawa in an interview with...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) - Aura Minerals (TSX: ORA) reportedyesterday that total production across Aura's operations in Q3 2021 was 61,588gold equivalent ounces ("GEO"), an increase of 7% compared to total productionof 57,725 GE...Read More
WASHINGTON (Reuters) - Policymakers worldwide are entering a tricky phase of the pandemic recovery and should take care to provide continued economic support without promoting instability in financial markets, the International Monetary Fund warned Tuesday.Nearly 20 months into the global pandemic, many countries including the United States are now thinking about how to pull back from extraordinar...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) - Glencore today announced thatit has reached agreement with Santa Cruz Silver Mining for it to acquire theholding companies which own Glencore's Bolivian zinc assets, comprising ofSinchi Wayra and Illap...Read More
Oct 11 (Reuters) - Southwest Airlines Co (LUV.N) said on Monday it expects to resume normal service this week after cancelling more than 2,500 scheduled flights since Saturday, blaming unfavorable weather and air traffic issues in Florida.The airline had canceled 1,124 flights, or 30% of its daily operation, on Sunday and more than 800 trips on Saturday, according to data from flight tracking pl...Read More
Mr. John Williamson reportsBENCHMARK CONTINUES BASELINE ENVIRONMENTAL WORK ON ITS PATH TOWARDS PERMITTING A GOLD AND SILVER MINEBenchmark Metals Inc. hasprovided an update for continuing environmental baseline work to support the environmental assessment (EA) for permitting of the Lawyers gold-silver project, located within a road-accessible region of the prolific Golden Horseshoe area of north-c...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) - Taseko Mines (TSX: TKO)announced today that its Gibraltar mine in British Columbia produced 34.5million pounds of copper and 600 thousand pounds of molybdenum in Q3 2021, or29% and 50% higher, respecti...Read More
LISBON (Reuters) - British Brexit minister David Frost made an impassioned plea to the European Union on Tuesday to allow for "significant change" to post-Brexit rules governing trade with Northern Ireland, saying only that could draw the poison from their relations.A day before the EU is expected to present its proposals to solve a standoff over part of the Brexit divorce deal, Frost again warned...Read More
Oct 12 (Reuters) - Two U.S. Federal Reserve policymakers on Tuesday said that the central bank has kept pace with a planned move to reduce its bond buying program, cementing expectations the Fed will start withdrawing its crisis-era stimulus as soon as next month."I myself believe that the 'substantial further progress' standard has more than been met with regard to our price-stability mandate 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) - Victoria Gold (TSX: VGCX) announcedTuesday that its gold production in Yukon in Q3 2021 was record 55,827 ounces,a 58% increase from the same period of 2020, with year-to-date gold production of114,726...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 pricesare a bit higher in midday U.S. trading Tuesday. It's been a choppy, two-sidedtrading session. The yellow metal is supported by some safe-haven demand amidworld energy supply concerns, but...Read More