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) - Equinox Gold (TSX: EQX, NYSEAmerican: EQX) reported today that the company produced 139,758 ounces of gold inQ3 2021, an increase of 12% over 124,867 ounces produce in Q3 2020.The company said itrecogn...Read More
Nov 4 (Reuters) - Online broker TradeStation Group said on Thursday it would go public through a merger with a blank-check firm in a deal that values the combined company at about $1.43 billion.The company intends to use the funds raised to increase its marketing spend in a bid to acquire customers and hire employees to lead the research and development of new products.TradeStation is a financial...Read More
NEW YORK Nov 4 (Reuters) - The dollar rebounded on Thursday from a dip after the U.S. Federal Reserve repeated it saw high inflation as transitory, while the British pound dropped sharply after the Bank of England defied market expectations and kept rates on hold.The Fed announced on Wednesday a $15 billion monthly cut to its $120 billion in monthly purchases of Treasuries and mortgage-backed secu...Read More
Mr. Michael HudsonreportsHANNAN RADIOMETRIC DATING CONFIRMS MIOCENE PORPHYRY BELT AT THE PREVISTO COPPER-GOLD PROJECT, PERU Hannan Metals Ltd. has confirmed that uranium-lead zircon dating on four porphyry intrusive centres within an area of 140 kilometres by 50 kilometres has defined a previously unrecognized Miocene metallogenic belt associated with significant BLEG (bulk leach extractable gold)...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) - Kirkland Lake Gold (TSX:KL)(NYSE:KL) today announced that the company’s net earnings totalled a record$254.9 million ($0.96 per share) in Q3 2021, a 26% increase from $202.0 million($0.73 per sha...Read More
BRASILIA, Nov 4 (Reuters) - Brazil is set to hold its largest-ever cellular auction on Thursday, with local units of America Movil, Telefonica and Telecom Italia vying with a dozen other firms for broadcast spectrum dedicated to fifth-generation (5G) wireless technology.Telecoms regulator Anatel, which will start unsealing bids at 10 a.m. local time (1300 GMT), expects to get commitments from the...Read More
WASHINGTON, Nov 4 (Reuters) - U.S. unit labor costs surged in the third quarter, while productivity declined at its sharpest pace since 1981, adding to signs that high inflation could last for a while.The Labor Department said on Thursday that unit labor costs, the price of labor per single unit of output, increased at an 8.3% annualized rate last quarter after rising at a 1.1% pace in the April-J...Read More
(Updates after flows to Germany resume)LONDON, Nov 4 (Reuters) - Gas flows from Russia to Germany via the Yamal pipeline started up again on Thursday afternoon, data from the pipeline's German operator showed, sending European gas prices lower.Russian gas has not flowed to Germany via the pipeline since Saturday. Instead, supplies were being sent from Germany to Poland in a reversal that has sent...Read More
WASHINGTON (Reuters) - The U.S. trade deficit jumped to a record high in September as exports slumped, government data showed on Thursday.The Commerce Department said that the trade gap surged 11.2% to a record $80.9 billion. Economists polled by Reuters had forecast an $80.5 billion deficit.Exports tumbled 3.0% to $207.6 billion in September. Goods exports plunged 4.7% to $142.7 billion. The decl...Read More
LONDON, Nov 4 (Reuters) - A great central bank exit from the extraordinary stimulus unleashed to keep economies afloat during the COVID-19 pandemic is underway, with the United States and Australia this week moving away from hefty policy support.But policymakers have also pushed back against investor expectations for a slew of interest rate rises, as they wait to see whether inflation remains stic...Read More
TOKYO, Nov 4 (Reuters) - Nintendo Co Ltd (7974.T) on Thursday cut its full year Switch sales forecast by 6% and said it is struggling to meet demand in the key year-end shopping season as chip shortages disrupt production of the hit device.While many companies have warned of the risks posed by the global semiconductor shortage, most have stopped short of cutting targets. Toyota Motor Corp (7203...Read More
Mr. Marcel Robillard reportsPUMA EXPLORATION DISCOVERS NEW VISIBLE GOLD-BEARING ZONE AT WILLIAMS BROOK GOLD PROPERTY Puma Exploration Inc.'s continuing surface trenching and stripping programs have uncovered a new 100-metre-long high-density quartz veining zone with visible gold (VG) at its Williams Brook gold project located in New Brunswick, an emerging new gold district of Atlantic, Canada. A l...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) - First Majestic Silver Corp's plan to stockpile its silverdidn't pan out as expected after the company reported a 1% drop in revenues inthe third quarter.Thursday, ahead of the North American equity ope...Read More
Wednesday was FED Day or themeeting of the three blind mice. Either way, they once again showed howclueless they are. The FED has changed their transitory call on inflation to:it will be transitory. Inflation is not transitory, and it is hotter than theywill admitBefore Wednesday's FED Decision,gold, silver and platinum were getting clobbered before a late-day rally cutlosses in gold and platinum....Read More
Nov 4 (Reuters) - Alphabet Inc's (GOOGL.O) Google has invested $1 billion in CME Group (CME.O) and has struck a separate deal to move the exchange operator's trading systems to the cloud, the companies said on Thursday.Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kit...Read More
Nov 4 (Reuters) - Tesla Inc (TSLA.O) and Hertz Global Holdings Inc (HTZZ.PK) are working out how quickly the rental car company can receive deliveries from its large order of Tesla's electric cars, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Tesla and Hertz did not immediately respond to Reuters' requests for comment.Last week, Hertz said it placed an...Read More
Nov 4 (Reuters) - Metro Bank (MTRO.L) said it has received a takeover approach from U.S. private equity firm Carlyle (CG.O), sending its battered shares by as much as 31% higher, in a sign of growing interest in Britain's mid-sized banks.Metro Bank, which had a market capitalisation of 178 million pounds ($242 million) at Wednesday's closing price, said it was engaging with Carlyle.But it added...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) - Barrick Gold reiterated its outlook that it will hit thetop-end of its 2021 guidance forecast as the company reported solid earningsfor the third quarter.Thursday, ahead of the North American equity op...Read More
Mr. Roger Moss reportsLABRADOR GOLD INTERSECTS 76.24 G/T GOLD OVER 0.5 METRES, DEFINES NEW FOOTWALL ZONE AT KINGSWAY PROJECT Labrador Gold Corp. has released further high-grade intercepts of near-surface gold mineralization along the Appleton fault zone at its 100-per-cent-controlled Kingsway project near Gander, Nfld. These holes were drilled as part of the company's continuing 50,000-metre drill...Read More
LONDON, Nov 4 (Reuters) - The Bank of England kept interest rates on hold on Thursday, dashing investors' expectations for a hike that would have made it the first of the world's big central banks to raise rates after the COVID-19 pandemic.The BoE kept alive the prospect of tighter monetary policy soon, saying it would probably have to raise Bank Rate from its all-time low of 0.1% "over coming mon...Read More