Mr. Robert Hinchcliffe reportsGALWAY METALS GAP DRILLING INTERSECTS 1.3 G/T AU OVER 41.15M AND 18.8 G/T AU OVER 6.0M, CLOSING GAP BETWEEN GMZ AND RICHARD ZONESGalway Metals Inc. has released full and partial assay results from numerous drill holes in the centre of, and along either side of, the remaining 400-metre gap between the Richard and George Murphy zones (GMZ) at the company's Clarence Stre...Read More
Base metal futures prices on the London Metal Exchange were largely up at the 5pm close on Thursday November 18, with tin reaching a new all-time high.The three-month tin price closed at $38,453 per tonne, a rise of 1.2% from $37,975 per tonne at the 5pm close on Wednesday. This marks a new all-time high for the soldering metals three-month price, with the previous record being $38,330 on October...Read More
ReutersNov 18 (Reuters) - Gemini said on Thursday it had raised $400 million in a funding round led by hedge fund Morgan Creek Digital that valued the startup at $7.1 billion, becoming the latest crypto company to have raised money at high valuation in recent months.Led by Cameron and Tyler Winklevoss, Gemini was launched in 2015 as a platform for buying, selling, storing and earning cryptocurrenc...Read More
Mr. Michael Bennett reportsALTAMIRA GOLD INTERSECTS 131.75M OF DISSEMINATED GOLD MINERALIZATION IN FIRST DRILL HOLE AT MUTUM, APIACAS PROJECT Altamira Gold Corp. has released the results of the first two diamond drill holes at the Mutum target within the Apiacas project area and has providedan update on exploration at the Santa Helena project. Both projects are located within the Alta Floresta gol...Read More
By Huw JonesLONDON, Nov 18 (Reuters) - SIX Swiss Exchange's new digital trading and settlement arm will issue a bond to show how blockchain can benefit mainstream securities and not just the cryptoassets it was originally intended for, the exchange said on Thursday.The Swiss Digital Exchange (SDX) will be the first fully regulated market infrastructure to issue a digital bond and use distributed l...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 18 that are worth another look.Swedish steelmaker SSAB has announced a further two partnerships involving its fossil-fuel-free steel, to commence in 2026, the company said in separate announcements this week.Production of key battery raw materials cobalt...Read More
As gold, silver and platinum prepare forthe next big move higher, they now find themselves consolidating. The bullishaction shows us this consolidation at higher levels than before. The set up isbullish but this pattern can last a few days before the next leg higher. This is a test not a drill, traders andinvestors have their emotional sides tested on a regular basis. We have writtenpreviously abo...Read More
(Kitco News) The index for current general activity in the Philadelphia Federal Reserve's manufacturing business outlook survey rose to 39 in November, surging past expectations.Market consensus calls were projecting an increase to 24. The Philadelphia Fed said that general activity, shipments, new orders and price indicators were all up from October. Meanwhile, the employment index saw a decline...Read More
Ms. Claudia Tornquist reportsKODIAK COPPER TEMPORARILY PAUSES DRILL PROGRAM AT MPD DUE TO FLOODING AND ROAD CLOSURESWork has been temporarily suspended at Kodiak Copper Corp.'s MPD copper-gold porphyry project in Southern British Columbia following an evacuation order for the town of Merritt due to flooding. Personnel has been safely demobilized, and there is no risk to Kodiak's project infrastruc...Read More
Mr. Peter Tallman reportsKLONDIKE CLOSES $3,516,726 PRIVATE PLACEMENT Further to its news release of Oct. 25, 2021, Klondike Gold Corp. has closed the second tranche of the non-brokered private placement raising total aggregate proceeds of $3,516,726.55 of which $2,395,000 are flow-through funds.The second trancheIn closing the second tranche, the company issued 2.3 million flow-through units at t...Read More
Nov 16 (Reuters) - U.S. President Joe Biden's infrastructure and social spending legislation will not add to inflationary pressures in the U.S. economy, economists and analysts in leading rating agencies told Reuters on Tuesday.Biden has spent the past few months promoting the merits of both pieces of legislation - the $1.75 trillion "Build Back Better" plan and a separate $1 trillion in...Read More
Mr. Rahul Paul reports RADISSON ANNOUNCES UPSIZE OF ITS PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO $6 MILLIONDue to investor demand with its previously announced private placement, Radisson Mining Resources Inc. has entered into an agreement with Eight Capital, as lead agent and sole bookrunner, on behalf of a syndicate of agents, pursuant to which the corporation and the agents have agreed to upsi...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) - Societe Generale has released their latest commodities report and it does not make for good reading for gold bugs. The French investment bank thinks that real rates could turn positive again and t...Read More
The logistics of a cluster of copper mines in western Canada have been disrupted by extreme weather conditions in the province of British Columbia (BC) this week, Fastmarkets has learnt."All transportation routes, rails and highways, to the interior of the province are closed due to washouts and [land]slides," one Canadian miner source said on Thursday November 18.The province declared a state of...Read More
WASHINGTON, Nov 18 (Reuters) - The number of Americans filing new claims for unemployment benefits fell close to pre-pandemic levels last week as the labor market recovery continues, though a shortage of workers remains an obstacle to faster job growth.The weekly unemployment claims report from the Labor Department on Thursday, the most timely data on the economy's health, also showed jobless bene...Read More
Chinese nickel sulfate producers face difficult annual contract negotiations for 2022, with upstream miners taking an aggressive stance while downstream battery precursor material producers are hinting at lower demand amid plans to implement integrated operations.The Chinese nickel sulfate price has undergone considerable volatility in 2021, climbing in August to its highest since Fastmarkets bega...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 and silver prices are slightly lower in early U.S. trading Thursday, on normalcorrective pullbacks and light profit taking from the shorter-term futurestraders. A slumping crude oil market is also...Read More
Chinese exporters of ammonium paratungstate (APT) kept their spot offers unchanged in the week to Wednesday November 17 amid slow conditions after foreign buyers took to the sidelines upon noticing weakness in China's domestic market.Fastmarkets' weekly price assessment for tungsten APT 88.5% WO3 min, fob main ports China was $313-319 per metric tonne unit (mtu) on Wednesday, unchanged from a week...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 18 that are worth another look.Swedish steelmaker SSAB has announced a further two partnerships involving its fossil-fuel-free steel, to commence in 2026, the company said in separate announcements this week.Production of key battery raw materials cobalt...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 and silver are trading marginally lower leading into the European open. Both precious metals are 0.20% lower with gold trading at $1863/oz. Elsewhere, in the rest of the commodities complex, coppe...Read More