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
Mr. David Wolfin reports AVINO ACQUIRES NEIGHBORING LA PRECIOSA PROJECT; ADDS SIGNIFICANT PRODUCTION POTENTIAL TO GROWTH PROFILE, AND SUBSTANTIALLY ENHANCES ITS MINERAL RESOURCES Avino Silver & Gold Mines Ltd. has entered into a share purchase agreement to indirectly acquire through the purchase of the shares of certain holding companies, the La Preciosa property from Coeur Mining Inc. (NYSE:...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) - The European Central Bank have kept rates and asset purchase unchanged. This was widely expected but questions remained about if the statement would include any details on rising inflation an...Read More
Mr. John Williamson reportsBENCHMARK DRILLS 30 METRES OF 2.81 G/T GOLD EQUIVALENT AND DELINEATES 400 METRES STRIKE-LENGTH OF MINERALIZATION IN NEW ZONEBenchmark Metals Inc. has released new results from exploration drilling at the Marmot zone, including 30 metres (m) core length of 1.93 grams per tonne (g/t) gold and 70.33 g/t silver or 2.81 g/t gold equivalent* (AuEq) in drill hole 21MLDD004. The...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 28 that are worth another look.The United States Securities and Exchange Commission (SEC) sent a notice to Brazil-based miner Vale regarding a possible investigation surrounding the Brumadinho tailings dam disaster in 2019. Brazilian miner Vale will resume activities...Read More
Base metals prices on the London Metal Exchange were up across the board at the 5pm close of trading on Thursday October 28, continuing to rebound following a recent period of widespread selling."Given the [recent] price action, this Friday's week- and month-end closes should be important to determine whether we see some longer-term length liquidate," Alastair Munro, LME desk analyst at Marex, sai...Read More
Ian Khan, futurist and emerging technology expert, discusses with David Lin, anchor for Kitco News, the technological disruptions that investors should watch for. "There are a few [technologies] that stand out," Khan told Lin at the Future Blockchain Summit in Dubai. "Blockchain technology definitely is the foundation of crypto. It's the foundation of NFTs, of smart contracts, and so for that reas...Read More
Demand and prices for alumina in China were in limbo this week because market participants have become cautious after a steep decline in downstream aluminium prices, Fastmarkets heard on Thursday October 28.Fastmarkets' weekly price assessment for alumina, metallurgical grade, exw China, was 3,900-4,150 yuan ($610-650) per tonne on Thursday, flat from a week earlier.Domestic demand for alumina in...Read More
Jack ChanPosted Oct 28, 2021Gold sector as represented by $HUI is now on amajor SELL signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal.Short-term signals can last for days and weeks and are more suitable for traders. Speculation is in bear market values, but now at level of previous tradable bottom.Speculation in bear market values. Our ra...Read More
Yamana Gold (TSX:YRI; NYSE:AUY; LSE:AUY) said today it had net earnings of $27.0 million or $0.03 per share basic and diluted. Adjusted net earnings were $69.7 million or $0.07 per share basic and diluted.Mine operating earnings were $154.0 million and increased quarter-over-quarter by 8%.The company said it expects to achieve guidance for the year of 1,000,000 gold equivalent ounces.Total gold pr...Read More
Eldorado Gold (TSX:ELD) said today that gold production totaled 125,459 ounces in Q3 2021, a decrease of 8% from Q3 2020 production of 136,922 ounces driven by a planned shift to lower-grade ore at Kisladag. Overall, production was better than expected. "Gold production in the quarter increased 8% over Q2 2021. As a result of strong production in the first nine months of 2021, primarily due to ope...Read More
Oct 28 (Reuters) - The Nasdaq hit a record high on Thursday, led by mega-cap companies Apple, Amazon.com and Tesla, while solid results from Caterpillar and Merck helped investors shrug off signs of slowing economic growth.Ten of the 11 major S&P sectors advanced, with technology (.SPLRCT) hitting an all-time high and consumer discretionary (.SPLRCD) rising more than 1%.Shares of Tesla Inc...Read More
Demand and prices for alumina in China were in limbo this week because market participants have become cautious after a steep decline in downstream aluminium prices, Fastmarkets heard on Thursday October 28.Fastmarkets' weekly price assessment for alumina, metallurgical grade, exw China, was 3,900-4,150 yuan ($610-650) per tonne on Thursday, flat from a week earlier.Domestic demand for alumina in...Read More
NEW YORK, Oct 28 (Reuters) - Investors in U.S. interest rate options are paying for trades that benefit from a much earlier-than-expected monetary tightening by the Federal Reserve to fight off stubbornly high inflation, including multiple hikes from next year until 2023.Those bets have pushed volatility higher on U.S. swaptions, or options on interest rate swaps which give the buyer the right to...Read More
J Capital Research published a report on Tuesday calling Vulcan the "god of empty promises".Read More
WASHINGTON (Reuters) -U.S. President Joe Biden presented a social and climate spending plan on Thursday to Congress and voters.The White House said the plan has the support of Democrats in the Senate and House of Representatives. Progressive Democrats in the House, however, have said they want to see the full text before making any deals.INCLUDED*$555 billion in clean energy tax credits*1% tax on...Read More
Gem recovered 23,435 carats from its operations in Lesotho and Botswana in Q3, down 21% quarter-on-quarter, and cut its guidance for 2021 diamond production to 110,000-114,000ct, down from earlierRead More
Fastmarkets is extending the consultation period for its proposal to amend the name and specifications of its UG2 chrome ore price index.This is in response to market feedback following its proposal to make the amendment. Fastmarkets proposes to change the specification for its chrome ore South Africa UG2 concentrates index basis 42%, cif China to include increasing the minimum tonnage and de...Read More
FRANKFURT (Reuters) - The European Central Bank still sees a recent rise in euro zone inflation to above its 2% target as temporary and expects price pressures to ease next year, ECB President Christine Lagarde said on Thursday.She acknowledged the decline would take longer than ECB had initially expected but said favourable financing conditions created by its ultra-easy policy were still essentia...Read More
For anyone purely judging manganese ore supply in China by looking at port stocks, he or she could misread the market supply picture due to rising "invisible stocks" in the past one to two months, sources told Fastmarkets. Typically, ore stocks are either stored at ports or held by producers at their warehouses or local storage sites. While port stocks are visible and measurable, the latter can be...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 28 that are worth another look.The United States Securities and Exchange Commission (SEC) sent a notice to Brazil-based miner Vale regarding a possible investigation surrounding the Brumadinho tailings dam disaster in 2019. Brazilian miner Vale will resume activities...Read More