S&P 500 bulls missed a good opportunity, and creditmarkets close doesn't add to bullish sentiment. High yield corporate bonds ledthe selling in what turned out a strong risk-off day in debt. Light volume,holiday days often don't end up on a weak note, which highlights the challengesthe bulls are faced with. Yes, today's overnight upswing will likely gettested. Sure, credit market could take the re...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) - Triple Flag Precious Metals(TSX: TFPM), a gold-focused streaming and royalty company,today announced metal sales of 20,746 gold equivalent ounces ("GEOs") for the thirdquarter of 2021, a 62% increase o...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) - Amerigo Resources (TSX: ARG) todayreported that Q3 2021 production of 16 million pounds of copper from its MineraValle Central (MVC) operation located near Rancagua, Chile, was at 109% ofguidance due t...Read More
NEW YORK (Reuters) - The life insurance industry is at risk if there is a sharp rise in bond yields, with an extreme situation potentially causing insurers to liquidate investments reaching $1 trillion in the United States and Europe, the International Monetary Fund warned on Tuesday.Vulnerabilities have increased for life insurers, the IMF said in its Global Financial Stability Report , noting th...Read More
Mr. Carlos Espinosa reportsMONARCA MINERALS REPORTS COMPLETION OF TWO ADDITIONAL DRILL HOLES AT ITS SAN JOSE PROJECT - SJ07 AND SJ120Monarca Minerals Inc. has completed an additional two drill holes at its San Jose project.Michael R. Smith (Monarca Minerals Senior VP Exploration) states, "We are pleased to report that two more drill holes, SJ07 and SJ12, have been completed, with significant inter...Read More
Oct 12 (Reuters) - European shares slipped on Tuesday as investors feared that soaring commodity prices would hamper a recovery in corporate profit.The pan-European STOXX 600 index (.STOXX) was down 0.1%, hovering about 4% below its August peak. Worries about a fallout from China's struggling property sector also remained after Evergrande (3333.HK) missed its third round of bond payments in th...Read More
LONDON (Reuters) - A G20 initiative aimed at reducing financial strains on the world's poorest countries has led to less than a quarter of debt payments being suspended - well below expectations of what the programme would deliver, a debt campaign charity said on Tuesday.The group of major economies launched its Debt Service Suspension Initiative (DSSI) in the spring of 2020, designed to offer a t...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) - 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