Mr. Cor Coe reportsSITKA DRILLS 82.0 METRES OF 0.61 G/T GOLD AT RC GOLD IN YUKON Sitka Gold Corp. has released the results for three additional diamond drill holes from the company's 2021 exploration program at the Saddle-Eiger zone on its RC gold project. The results presented herein are for holes DDRCCC-21-013, DDRCCC-21-014 and DDRCCC-21-015, all of which were drilled in the Eiger zone, located...Read More
Despite lackluster third quarter and year-to-date performance for gold, the fundamental backdrop for precious metals and related mining share prices continues to strengthen in our opinion. Here's why we believe this: Inflation has become increasingly problematic and more persistent than previous sanguine assessments by Federal Reserve Board (Fed) Chairman Jay Powell and other Fed officials.1Real...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 gold market remains caught in neutral finding littlemomentum in either direction even as the U.S. housing market continues toattract buyers.Existinghome sales rose to a seasonally adjusted and annua...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) -Weaker-than-expected manufacturing data is having littleimpact on gold prices as markets focus on growing momentum in the U.S. labormarket.Thursday,Philadelphia Federal Reserve said its manufacturing bu...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 Road Resources (ASX:GOR) is making an offer for ApolloConsolidated (ASX:AOP), following Ramelius Resources (ASX:RMS) proposal fromearlier this month. The Gold Road offer was announced today by Apo...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) - Strong copper prices and lower input costs led Freeport-McMoRan (NYSE: FCX) solid earnings in thethird quarter. Thursday, the giant copper producer reported net incomeattributable to common stock in th...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 21 that are worth another look.Rio Tinto will invest $7.5 billion to reduce emissions and meet its carbon targets earlier than planned, the company announced on Wednesday September 20.The government of the United...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) - Palladium is in a very interesting place at the moment. The pricehas stalled on the downside but is stuck between a rock and a hard place forthe bulls. The drop had been quite something after the great...Read More
The government of the United Kingdom plans to set up an expert committee on critical minerals to provide independent advice on the scope and content of a critical minerals strategy to meet the country's net-zero carbon emissions targets, it said.In a move designed to guide investment decisions, the government also plans to update the country's critical minerals list, which details materials that a...Read More
GOLD / SILVERTherallies in gold and silver on Wednesday were very impressive, especially withthe dollar not making a fresh low for the week. However, it should be notedthat the Dollar Index did make a new low for the week overnight and hit itslowest level since September 28. It is also possible that inflationary dialoguefrom legendary investor Paul Tudor Jones prompted buying of both gold andsilve...Read More
Kitco MEDIA ? As The Miners Bounce, Resistance Levels To Watch in GDXJ And GDXBy Cory FleckContributing tokitco.com Follow @KitcoNewsNOWFleck@kereport.comwww.kereport.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 I...Read More
Oct 21 (Reuters) - The U.S. Federal Reserve on Thursday banned individual stock purchases here by top officials at the central bank and unveiled a broad set of other restrictions on their investing activities roughly six weeks after reports of active trading by some senior policymakers triggered an ethics uproar.The six members of the Fed Board of Governors are required to file annual financial...Read More
Base metal prices on the London Metal Exchange were down across the board at the 5pm close of trading on Thursday October 21, with market participants beginning to sell off material following the recent price rally.The three-month aluminium price fell by 5.2% to $2,910 per tonne on Thursday, down from $3,069.50 per tonne at Wednesday's 5pm close after trading in large volumes and more than 34,180...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) - Elevation Gold Mining (TSXV:ELVT) today reported updated Mineral Reserve, Mineral Resource estimates aswell as Q3 2021 production results for its Moss gold mine, located in MohaveCounty, Arizona. Accor...Read More
(Reuters) - For months, U.S. President Joe Biden and Democrats touted a $3.5 trillion Build Back Better plan as a transformational piece of legislation that would reshape the world's largest economy for decades to come.They have spent recent days painfully deciding how to pare down parts of the plan, and which parts to scrap entirely as they seek to satisfy demands from within their own ranks to c...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 21 that are worth another look.Rio Tinto will invest $7.5 billion to reduce emissions and meet its carbon targets earlier than planned, the company announced on Wednesday September 20.The government of the United...Read More
Oct 21, 2021 Guest(s): Jim Luorio Managing director of TJM Institutional Services Silver has been "dead money" for the past six months, but its fortune is about to change with the precious metal's fundamentals pointing to a breakout towards $35, said Jim Iuorio, TJM Institutional Services managing director.After frustrating several months, silver finally found its spotlight, Iuorio told Michelle...Read More
NEW YORK (Reuters) - Inflation expectations remain anchored in Mexico as the central bank has tightened monetary policy while unanchored expectations in Argentina will require action "on a number of fronts" a top official at the International Monetary Fund said on Thursday."We see inflation expectations still very well anchored in Mexico and it's right for the central bank to be raising rates," sa...Read More
WASHINGTON, Oct 21 (Reuters) - Trade chiefs from the developed world's economic powerhouses gathering on Friday have few options at hand for a rapid fix to the supply chain woes driving up inflation and crimping growth, a problem trade experts say arises from market forces outside their reach.The G7 trade ministers meeting in London may call for stronger efforts to clear backlogs at container port...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) - South32 reported today thatit has recorded sequentially lower base metals production in September quarter2021, with Cerro Matoso impacted by a temporary equipment outage, whileCannington extracted a pl...Read More