Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
(Kitco News) Gold was trading down 1% on the day as the U.S. new home sales beat expectations in September with an advance of 14%. The prior month's number was revised down. New home sales were at a seasonally adjusted annualized rate of 800,000 homes in September, the U.S. Commerce Department said on Tuesday. August's sales were revised down to a rate of 702,000 units.The market consensus calle...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 prices continue to struggle to find new bullish momentum, falling further below $1,800 an ounce as optimism among U.S. consumers rises higher than expected in October.Tuesday, the U.S. Conference B...Read More
Mr. Eric Fier reportsSILVERCREST LAS CHISPAS PROJECT CONSTRUCTION REMAINS ON SCHEDULE AND BUDGETSilvercrest Metals Inc. has provided an update on construction activities at the company's Las Chispas project, located in Sonora, Mexico. All currency amounts herein are presented in United States Dollars, unless otherwise stated. Highlights Construction Remains on Schedule {ౢ –} At...Read More
Mr. Peter Tallman reportsKLONDIKE GOLD CLOSES FIRST TRANCHE RAISING $2,242,851 Further to its news release of Sept. 30, 2021, Klondike Gold Corp. has closed the first tranche of its non-brokered private placement financing, raising $2,242,851.25 of which $1,935,000 is flow-through funds. The company anticipates to close the balance of the financing in the coming weeks.In closing the first tranche,...Read More
Ballarat, Australia, Oct 26, 2021 - (ABN Newswire) -White Rock Minerals Limited (ASX:WRM) (OTCMKTS:WRMCF) is pleased to announce the start of surface diamond drilling to test multiple mineralised quartz reefs within the Dickenson South target area at the underground Morning Star gold mine. Key Highlights - A 3,000 metre diamond drill program from surface has commenced at the Morning Star gold mine...Read More
Mr. Chris Taylor reports GREAT BEAR REPORTS 95.2% TO 99.2% GOLD RECOVERIES IN PRELIMINARY LP FAULT METALLURGICAL TESTS - GOLD IS FREE MILLING AND READILY SOLUBLE AT ALL GRADES Great Bear Resources Ltd. has released gold recovery test results from its 100-per-cent-owned flagship Dixie project, in the Red Lake district of Ontario.Chris Taylor, president and chief executive officer of Great Bear, sai...Read More
Mr. Jeffrey Wilson reportsPRECIPITATE INITIATES AIRBORNE GEOPHYSICAL SURVEY AT THE MOTHERLODE GOLD PROJECT IN NEWFOUNDLAND, CANADAPrecipitate Gold Corp. has begun a property-wide helicopter-borne geophysical survey at the company's Motherlode gold project within the Burin Peninsula of southern Newfoundland, Canada.The property-wide heliborne high sensitivity magnetics-radiometrics geophysical surv...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) - Investment bank Citi says it is still sticking with the 'shortgold' as appropriate pain trade over medium-term. Analysts at the banknote, that being short gold is the appropriate 'pain trade' despite"t...Read More
Monday wasa solid day of gains for gold, silver, and platinum; however, none reachedtheir key resistance levels. The patterns are setting up nicely and we wouldconsider step one completed. For therally to continue, we must reach the levels of resistance, which are $25 forsilver, $1,820 for gold based on December futures. For January platinum,resistance is at $1080. Obviously, that means they are h...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 26 that are worth another look.A decision by the European Union on the future of the bloc's scrap metal export trade, which is worth billions of euros per year, could come as early as December this year, the Bureau...Read More
Interra Copper (CNSX:IMCX) said today its geophysical and geochemical support its thesis of a nearby copper porphyry system. The company is focused on its Thane Property in north-central British Columbia. "Our Thane property has continued to produce the positive geological results we have come to expect after 9 years of investment in the project. The identification of 5 solid bulk-tonnage copper g...Read More
Pretivm Resources (TSX/NYSE: PVG) announced today a new high-grade gold exploration discovery at the Golden Marmot Zone on its Brucejack Property in Northern British Columbia after a new drill program. The company said highlights included:SU-786 intersected 72.5 grams per tonne gold over 53.5 meters, including 6,700 grams per tonne gold and 3,990 grams per tonne silver over 0.5 meters and includin...Read More
By Marcelo Rochabrun and Marco Aquino LIMA, Oct 26 (Reuters) - Peru's Antamina copper and zincmine, which is part-owned by Glencore and BHP Billiton, said on Tuesday that protesters had blocked a road ituses, demanding that the company honor its commitments to thelocal area. The demonstration is the latest in a string of protestsagainst mining companies that have broken out since PresidentPedro Ca...Read More
A decision by the European Union on the future of the bloc's scrap metal export trade, which is worth billions of euros per year, could come as early as December this year, the Bureau of International Recycling (BIR) conference in Brussels heard on Tuesday October 26.The recycling industry is facing tremendous challenges, panelists said. The EU has proposed restrictions on the export of "waste" ma...Read More
Bob Moriarty ArchivesOct 26, 2021I have been pounding the table for the best part of three weeks about us having hit at least a tradeable low in gold and silver at the end of September. Relative to the S&P or the commodities index the price of gold or gold shares is at the lowest it has been in many years. You are at the point where risk is the least. So while this article is about one specifi...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 Quantum Minerals (TSX: FM) today reported that in Q3 2021, its total copper production of 209,859 tonnes was up 5% from Q2 2021 and virtually unchanged compared to Q3 2020 (211,396 tonnes).The co...Read More
The aluminium industry could reduce the carbon intensity of its metal production to under one tonne by 2050 if it works towards limiting the rise in the mean global temperature to 1.5 ?C above pre-industrial levels, the International Aluminium Institute (IAI) said.In this 1.5 ?C scenario, carbon intensity would fall from an average of 16.1 tonnes of carbon dioxide (CO2) per tonne of aluminium curr...Read More
By Keith WeinerContributing tokitco.com Follow @KitcoNewsNOWkeith@monetary-metals.comwww.monetary-metals.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comOct 26, 2021 Some analysts claim the US dollar “looks strong” and could be set for a “big rally”.Is there merit in this thinking? For some insight into the matter, please click here now: Double-click to enlarge this long-term dollar index chart.Dollar bugs may soun...Read More
Oct 26 (Reuters) - U.S. President Joe Biden will probably advance a "whole slate" of nominees to the Federal Reserve Board, which may or may not include Jerome Powell, Senator Sherrod Brown said on Tuesday in remarks that appeared to signal his openness to the renomination of Powell as Fed chair.In an interview with Bloomberg Television, Brown said he had spoken with Biden "just the other day" abo...Read More