Mr. Tyler Hill reportsI-80 GOLD INTERSECTS HIGH-GRADE GOLD IN UNDERGROUND DRILLING AT GRANITE CREEKi-80 Gold Corp. has released positive initial assay results from the continuing underground drill program at the company's Granite Creek propertylocated in Humboldt county, Nevada. High-grade results from drilling from the 4740 level targeting mineralization in the Otto and Adam Peak fault horizons p...Read More
Mr. Quentin Yarie reportsRED PINE ANNOUNCES COMPLETION OF SALE OF ALGOMA-TALISMAN PROPERTYFurther to its press release dated Aug. 20, 2021, Red Pine Exploration Inc.has completed the sale of all of Red Pine's Algoma-Talisman gold prospective property, located in Newton township, Ontario, to Newton Gold Corp. for a total purchase price of$1.05-million.Red Pine has now received the remaining$500,000...Read More
(Kitco News) The initial weekly jobless claims declined 10,000 to 281,000 in the week to Saturday, beating market expectations and marking a fresh pandemic low.Economists' consensus calls projected for initial claims to come in at 290,000 following the revised level of 291,000 reported in the previous week. The four-week moving average for new claims - often viewed as a more reliable measure of th...Read More
EMERYVILLE, Calif., Oct. 28, 2021 /PRNewswire/ -- Amyris, Inc., (Nasdaq: AMRS), a leading synthetic biotechnology company active in the Clean Health, Beauty and Wellness markets through its consumer brands and a top supplier of sustainable and natural ingredients, today announced that it will issue its financial results for the third quarter ended September 30, 2021 after the close of the financi...Read More
Gold, Silver and Platinumhave been setting up for a much bigger move. The recent price action has beenwild enough to make traders and investors want to pull out their hair. Fromlast Friday'shard sell-off from up 30.00 to yesterday's whip around theunchanged line.The metals look to gohigher, possibly a significant move. We are long and can only see one level ata time. Making a dramatic prediction i...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