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
(Kitco News) The new U.S. inflation data release has triggered a rollercoaster ride in gold, with the latest move taking the precious metal nearly $40 higher on the day.September's inflation numbers showed price pressures accelerating to 5.4% annually, slightly more than the market was expecting."We are starting to see the market growing nervous about the U.S. consumer. After digesting this report...Read More
NEW YORK (Reuters) -Goldman Sachs' Chief Operating Officer John Waldron said on Wednesday he believes inflation is the No.1 risk that could derail the global economy and stock markets."Inflation is the single biggest risk out there right now both in terms of the short-term risk it can have on the recovery and the longer-term risk it can have in respect of emerging markets," he said in a conversati...Read More
Mr. David Terry reportsGENESIS METALS ANNOUNCES CLOSING OF $400,000 PRIVATE PLACEMENTGenesis Metals Corp. has completed a non-brokered private placement of 3,333,333 flow-through units at a price of 12 cents per unit for aggregate gross proceeds of $400,000. Each FT unit consists of one flow-through common share of the company and one-half of one common share purchase warrant.Each warrant entitles...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) - Gran Colombia Gold (TSX: GCM)announced Wednesday that in Q3 2021, it produced a total of 49,848 gold ouncesat its Segovia Operations in Colombia, 3% less compared with 51,555 ounces producedin Q3 2020....Read More
Mr. Robert Willis reportsSUN SUMMIT PROVIDES UPDATE ON SIGNIFICANT DRILL PROGRAM AT BUCKSun Summit Minerals Corp.has provided an update from its fall 2021 phase of drilling at its 100-per-cent-controlled Buck property in central British Columbia. Two drill rigs are currently operating on site.HighlightsBuild on high-grade gold discovery: One drill rig is focused on high-grade gold mineralization i...Read More
New Found Discovers New High-Grade Zone at Keats; Intercepts 88.53 g/t Au over 3.35m Below Keats Main ZoneCanada NewsWireVANCOUVER, BC, Oct. 13, 2021Read More
Oct 13 (Reuters) - Facebook Inc(FB.O) will now count activists and journalists as "involuntary" public figures and so increase protections against harassment and bullying targeted at these groups, its global safety chief said in an interview this week.The social media company, which allows more critical commentary of public figures than of private individuals, is changing its approach on the hara...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) - Caledonia Mining todayannounced that in Q3 2021, gold production from its Blanket mine in Zimbabwewas 18,965 ounces, a new production record and an increase of 25% on the 15,155ounces produced in the c...Read More
MOSCOW, Oct 13 (Reuters) - Russian President Vladimir Putin said on Wednesday he saw potential to work with the United States on a host of issues from arms control to energy and that he had established a solid working relationship with President Joe Biden.Addressing an energy conference attended by top executives of Exxon Mobil (XOM.N)and other oil majors, Putin was largely silent on the many dis...Read More
* Graphic: World FX rates in 2021 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Updates rates, lead and headline)LONDON, Oct 13 (Reuters) - Sterling edged higher on Wednesday as traders shrugged off data showing weaker-than-expected economic growth in Britain and rising U.S. consumer prices, and focused on bets that the Bank of England will raise inter...Read More
Mr. Mac Balkam reportsESKAY MINING CONCLUDES DRILL PROGRAM AT ITS CONSOLIDATED ESKAY PRECIOUS METAL-RICH VMS PROJECT: DISCOVERS MASSIVE SULFIDE ATOP THE TV DEPOSITEskay Mining Corp. has concluded its 2021 diamond drill program at its 100-per-cent-owned Consolidated Eskay precious metal project in the Golden Triangle, British Columbia. Recent drilling encountered massive sulfide mineralization atop...Read More
Oct 13 (Reuters) - U.S. central bankers broadly agree they can soon begin reducing their support for the economy, but are divided over how much of a threat high inflation poses, and - more importantly - what they might need to do about it.Some indication of the intensity of that debate should emerge later on Wednesday when the Federal Reserve releases the minutes of its Sept. 21-22 policy meeting,...Read More
(Reuters) -JPMorgan Chase & Co beat analysts' profit estimates on Wednesday, thanks to record revenue in some investment banking businesses and a sunnier economic outlook that allowed the largest U.S. bank to release money it had set aside for potential loan losses during the coronavirus pandemic.JPMorgan's third-quarter profit was 24% higher than the same period last year due to those factors, bu...Read More