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) - Lithium Americas (TSX: LAC)(NYSE: LAC) announced Monday that it has submitted an unconditional offer toMillennial Lithium to acquire all of the outstanding shares of Millennial. According to the compan...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) - Kazakhstan's Kazatomprom(LSE: KAP), the world's largest uranium producer, announced today that thecompany produced 2,928 tonnes of uranium (as U3O8) in Q3 2021 on anattributable basis, which is 16% mor...Read More
WASHINGTON, Nov 1 (Reuters) - U.S. manufacturing activity slowed in October as a measure of new orders dropped to a 16-month low and factories continued to experience delays with deliveries of raw materials.The Institute for Supply Management (ISM) said on Monday its index of national factory activity slipped to a reading of 60.8 last month from 61.1 in September.A reading above 50 indicates expan...Read More
LONDON (Reuters) - The Bank of England heads into its most unpredictable interest rate decision in years this week, leaving investors and analysts on edge about the chance of its first hike since the pandemic struck the world economy.Inflation in Britain looks set to rise to 5% - more than double the BoE's 2% target - despite a slowdown in the economy's recovery from last year's slump, and BoE Gov...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) - Novo Resources (TSX: NVO) announcedMonday that a routine crusher maintenance shut at its Nullagine gold project'sGolden Eagle processing facility has discovered greater wear than anticipatedon its pitm...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 holding mild gains in early U.S. dealings Monday. Light support is comingfrom a weaker U.S. dollar index, firmer crude oil prices and falling U.S.government bond yields on this first tr...Read More
Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...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) - Today, IAMGOLD (TSX: IMG)(NYSE: IAG) reported that the two individuals who were unaccounted forfollowing the security incident in Burkina Faso reported on October 29, 2021,have been safely located."The...Read More
WASHINGTON, Nov 1 (Reuters) - U.S. construction spending unexpectedly fell in September amid declines in outlays on both private and public projects.The Commerce Department said on Monday that construction spending dropped 0.5% after edging up 0.1% in August. Economists polled by Reuters had forecast construction spending gaining 0.4%.Construction spending increased 7.8% on a year-on-year basis in...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) - Golden Star Resources (TSX:GSC) (NYSE: GSS) announced today that Chifeng Jilong Gold Mining has agreed toacquire all of the issued and outstanding common shares of Golden Star by wayof a statutory plan...Read More
(Adds comment, updates prices)* Higher inflation data tests Fed's transitory inflation view* Gold stuck in range-bound trade, Fed in focus - analyst* Platinum, palladium jump 3%Nov 1 (Reuters) - Gold prices ticked up on Monday, as the dollar eased, ahead of a U.S. Federal Reserve meeting where the focus is on the central bank's plan for tapering its pandemic stimulus measures.Spot gold was up 0.3%...Read More
"Ontario's fire rangers and support staff demonstrated extraordinary courage and dedication as they overcame the hazards of an unusually hot and dry fire season," said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry, and Minister of Indigenous Affairs. "They have made Ontario proud as they adapted to unprecedented challenges to protect our natural resources,...Read More
WASHINGTON (Reuters) - A U.S. Treasury Department-led panel is set on Monday to release a hotly-awaited report on stablecoins, a fast-growing type of digital coin pegged to traditional currencies, according to an administration official with knowledge of the matter.The report by the President’s Working Group on Financial Markets will explore the risks and opportunities offered by stablecoins...Read More
Share this article TORONTO - Pedro Resources Ltd. will commence trading on the Canadian Securities Exchange effective at the open of business on Tuesday, Nov. 2, 2021, under the symbol VBN.Pedro is the sole shareholder of Voisey's Bay West Nickel & Cobalt Corp. which owns a 100% interest in 13 prospective mineral licenses, comprising 721 claims (18,025 hectares), 4.5 km south of Vale's Voisey's B...Read More
Share this article TORONTO - Golden Star Resources Inc. [GSC-TSX, GSS-NYSE American, GSR-GSE] said Monday it has agreed to be acquired by Shanghai Stock Exchange-listed Chifeng Jilong Gold Mining Co. Ltd. in a deal worth approximately US$470 million.Under the transaction, Golden Star shareholders will receive US$3.91 per shares (equivalent to $4.85), an amount that represents a 24.1% premium over...Read More
DUBLIN, Nov 1 (Reuters) - U.S. Treasury Secretary Janet Yellen said she expected U.S. tech giants to broadly support the reallocation of taxing rights agreed to by nearly 140 countries as part of a broader deal on global taxes, saying the impact on U.S. companies should be minor.Yellen told Reuters on Sunday the support of the big global players should help foster bipartisan support among U.S. law...Read More
TOKYO, Nov 1 (Reuters) - The dollar traded near a 2 1/2-week high to major peers on Monday as quickening inflation in the United States boosted the case for earlier Federal Reserve interest rate hikes.It approached a 1 1/2-week top to the yen after the safe-haven Japanese currency weakened as a strong showing for the ruling party in weekend elections reduced political uncertainty.The dollar index...Read More
Some coated-steel coil producers in Turkey decreased their prices but demand was weak during the week ending Monday November 1, sources told Fastmarkets.Demand for coated coil was moderate to weak in the country because buyers wanted to see what direction prices would take, sources said.Domestic pricesFastmarkets' weekly price assessment for steel HDG coil domestic, exw Turkey was $1,280-1,35...Read More
DUBLIN, Nov 1 (Reuters) - U.S. Treasury Secretary Janet Yellen on Monday said she does not think the U.S. economy is overheating and that while inflation is higher than in recent years, it is related to disruption from the COVID-19 pandemic.Data last week showed that U.S. consumer spending increased solidly in September, which together with falling COVID-19 infections and recovering consumer c...Read More
Nov 1 (Reuters) - A possible cyber attack against the healthcare system in the Canadian province of Newfoundland has disrupted services and forced the cancellation of some appointments, health authorities said on Monday.An investigation was under way to understand the nature and extent of the attack, which was detected on Saturday, health minister John Haggie told reporters."This led to progressiv...Read More