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) - Calibre Mining (TSX: CXB)announced Monday that it has entered into a definitive arrangement agreementwith Fiore Gold (TSXV: F), whereby Calibre will acquire all of the issued andoutstanding common shar...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) - Russian mining company Petropavlovsk(LSE: POG), one of the largest gold producers in Russia, announced today thatin Q3 2021, the company's total gold production amounted to 111.6 koz, a 2%decrease comp...Read More
(Updates prices)* Investors await BoJ, ECB policy meetings due this week* Palladium, platinum rise more than 1% eachOct 25 (Reuters) - Gold prices rose about 1% on Monday, as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings this week.Spot gold was up 0.9% at $1,807.66 per ounce by 11:39 a.m. ET (1539 GMT). U.S. go...Read More
Lithium producer Orocobre (ASX: ORE) was up about 4% in morning Australian trade.Gold, often used as a hedge against inflation, has risen above US$1,800 an ounce on the spot market as talk continues about inflationary pressures in the US.Copper, aluminium and nickel advanced on Monday as China urged local governments to speed up bond issuances, often used for infrastructure projects, to meet this...Read More
Oct 23, 2021 Guest(s): Alastair Still CEO of GoldMining With projects based in locations ranging from Alaska to Brazil, GoldMining (NYSE:GLDG, TSX:GOLD) has a large resource totaling 16.2 million ounces in the measured and indicated and 16.2 million ounces in the inferred resource categories.CEO Alastair Still spoke to Kitco on Wednesday.The company also has the means to advance all its projects...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 pricesare moderately higher in early U.S. trading Monday, supported by increasingworries about problematic price inflation. More and more economists and veteranmarket watchers are saying the bout...Read More
Portfolio contributions in Q3 doubled quarter-on-quarter and were up by 180% year-on-year at US$23.6 million, beating estimates by analysts at Peel Hunt by 12%.Read More
WASHINGTON (Reuters) - State and local governments distributed nearly $2.8 billion in Emergency Rental Assistance program funds in September, up from about $2.6 billion in August and bringing the year-to-date total to $10.3 billion, the U.S. Treasury said on Monday.The Treasury said some 510,000 American households were helped by the aid to pay rent, utilities and arrears, compared to 459,000 in A...Read More
Here are five Fastmarkets stories you might have missed on Monday October 25 that are worth another look.Import prices for rebar in Singapore continued to rise in the week to October 25 amid a surging ferrous scrap market upstream.A combination of hurdles to a recovery...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) - KEFI (AIM: KEFI), the goldand copper exploration and development company with projects in Ethiopia andSaudi Arabia, announced today that its four employees and contractors inEthiopia were released afte...Read More
(Reuters) - U.S. stock indexes edged higher in choppy trade on Monday, led by gains in Tesla and PayPal shares, while investors geared up for earnings reports from heavyweight technology companies this week that could provide direction to the markets.Tesla Inc rose 4.5% to a record high after car rental firm Hertz placed an order for 100,000 Tesla cars, while Morgan Stanley boosted its price targe...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) - B2Gold (TSX: BTO) announcedMonday that it has entered into a binding agreement with West AfricanResources, pursuant to which B2Gold has agreed to sell to WAF 100% of theissued and outstanding shares of...Read More
Turkish steel mills continued to pay higher prices for deep-sea scrap, with news of a deal for US scrap from Friday pushing up prices on Monday October 25, market participants told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising HMS 1&2 (80:20) at $510 per tonne and shredded at $530 per tonne cfr late on Friday October 22. The cargo composition,...Read More
Oct 25, 2021 Guest(s): Scott Melbye CEO, Uranium Royalty Nuclear energy is seeing a major comeback with the demand for uranium stocks soaring, said Scott Melbye, Uranium Royalty Corp CEO and executive VP of Uranium Energy Corp."Demand for uranium and nuclear generation has responded back to pre-Fukushima levels. We've seen 57 new reactors come online around the world," Melbye told Michelle Makor...Read More
BENGALURU, Oct 25 (Reuters) - The Bank of Canada will raise rates as early as the third quarter of next year, at least three months earlier than previously expected, according to economists polled by Reuters who see a risk that the increase could come even sooner.Just last month economists were almost evenly split on the risk of higher rates; now nearly all are saying sooner rather than later.That...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 have started the week on the front foot. During the Asian session, the price of the yellow metal breached $1800/oz once again but has now settled at $1797/oz. Copper is also looking pos...Read More
Fastmarkets has amended the publication time of its India HMS steel scrap price assessment after a one-month consultation period.After a one-month consultation period, Fastmarkets has amended the publication time for the weekly price assessment for steel scrap HMS 1&2 (80:20 mix) import, cfr Nhava Sheva, India, $/tonne from 4:30pm London time to 4:00pm London time, to better align with the publish...Read More
LONDON (Reuters) - World stocks paused near six-week highs on Monday as investors girded for the busiest week of third quarter earnings in the backdrop of slowing growth, with widening inflation risks from multi-year-high crude oil prices weighing on sentiment.Risky assets have staged a comeback in recent weeks after a torrid September as investors shunned bonds. Allocations to bond markets droppe...Read More
LONDON, Oct 25 (Reuters) - The dollar rebounded off a one-month low on Monday as traders looked ahead to tighter U.S. monetary policy even as they bet on the prospect of interest rate hikes happening earlier outside of the United States.Currency markets were broadly quiet at the start of the week with traders awaiting U.S. growth data and central bank meetings in the euro zone, Japan and Canada.Th...Read More
(Updates prices, adds Tenreyro speech time)LONDON, Oct 25 (Reuters) - Sterling rose slightly on Monday, but analysts said concerns about economic growth and inflation limited the extent to which the British currency benefited from expectations that the Bank of England will raise rates.Money markets are pricing in a rate hike by the central bank at its meeting on Nov. 4.However, data from the UK la...Read More