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, Torex Gold Resources(TSX: TXG) reported that the company produced 111,229 ounces of gold in Q32021, a 16% decrease compared to 131,790 ounces produced a year ago.The company said it sold118,989...Read More
WASHINGTON, Nov 3 (Reuters) - The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, but held to its belief that high inflation would prove "transitory" and likely not require a fast rise in interest rates.However, the U.S. central bank nodded to global supply difficulties as adding to inflation risks, saying that those f...Read More
Gold bullion1 regained some ground in October, climbing 1.50% for the month. Gold, however, remains underwater at -6.06% YTD through October 31, 2021. Gold mining equities3 also rebounded in October, up 8.15%, but are down 11.35% YTD as of October 31. Silver2 gained ground in October (7.81%) but is down 9.47% YTD. Month of October 2021Indicator10/31/20219/30/2021ChangeMo % ChgYTD % ChgAnalys...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) - Eros Resources (TSXV: ERC)announced Wednesday that it has received a Water Pollution Control Permit(WPCP) from the Nevada Bureau of Mining Regulation and Reclamation for the BellMountain gold and silve...Read More
GOLD / SILVERThebroad market environment today favors the bear camp in gold and silver, withthe negative economic comments from China pressuring many commodities.Apparently, China's Premier has warned of new downward pressures on the Chineseeconomy which some economists suggest could be the result of China fightinginflation by restricting output and potentially reducing commodity demand. Notsurpri...Read More
WASHINGTON, Nov 3 (Reuters) - The U.S. Securities and Exchange Commission (SEC) published on Wednesday new staff bulletins outlining how the agency will allow listed companies to exclude a shareholder proposal from corporate ballots.The new publications by the staff of the securities watchdog replaces Trump-era guidance that demanded companies take more steps to disclose how they craft their share...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) - According to a report by theChilean state copper commission Cochilco released today, the domestic copperproduction in September 2021 was 447,400 tonnes, a decline of 7% compared to 479,800tonnes mined...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 modestly down in early U.S. dealings Wednesday, with silver futures pricesslightly up. The markets are pausing ahead of the conclusion this afternoon ofthis week's FOMC meeting, which i...Read More
"Ontario produces some of the highest-quality maple syrup in the world and we are lucky to have many of those producers right here in Parry Sound," said Norm Miller, MPP for Parry Sound-Muskoka. "As we prepare for the holiday season, remember that locally produced maple syrup not only makes wonderful Christmas gifts, but also stimulates our local economy, creates jobs and strengthens our community...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 4-hour chart below shows that the rally in the gold pricesince late September is stalling. The price recently made a lower high lowerlow formation which could indicate a trend change but this is la...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) - Bitcoin-U.S. dollar are weakerin early U.S. trading Wednesday, on a normal corrective pullback after priceshit a two-week high on Tuesday. Bulls are keeping alive a price uptrend on thedaily bar chart....Read More
Share this article TORONTO - Agnico-Eagle Mines Ltd. (AEM-TSX, AEM-NYSE) has released an update on its 2021 exploration program, saying it plans to spent $163 million on exploration this year, marking the highest amount in the company's history.At its operating mines, Agnico expects to replace about 50% of its 2021 reserve depletion (implying about 1.1 million ounces of gross reserve additions),...Read More
Anglo American appointed Duncan Wanblad as chief executive.Wanbald will succeed Mark Cutifani who will retire as chief executive and step down from the board at the AGM after nine years in the role.The company said Wanbald has deep experience operationally at Anglo American. "Duncan Wanblad is the standout and natural successor to Mark Cutifani, bringing his 30 years of international mining experi...Read More
Kenorland Minerals (TSXV: KLD) said today Sumitomo Metal Mining Canada made a $5.2 million investment in Kenorland. Kenorland was up 10% to 78 cents as of 11:43 a.m. ET. Sumitomo purchased 5,211,945 common shares at a price of $1.00 per share for aggregate gross proceeds of $5,211,945. Sumitomo now has 10.1% of the company's outstanding common shares.The company said 80% of funds will be used for...Read More
Europe's domestic prices for heavy plate rose sharply in the week to Wednesday November 3 due to strong demand and surging production costs, sources told Fastmarkets.Energy prices have increased substantially across Europe, adding pressure on steel prices. A number of producers that have long-term agreements for electricity will have to renegotiate new contracts starting in January 2022, sources s...Read More
GLASGOW, Nov 3 (Reuters) - The United States on Wednesday announced its support for a new capital market mechanism that will issue investment-grade bonds and raise significant new finance for scaling clean energy and sustainable infrastructure in emerging economies.Underscoring the urgency of acting to stop global warming, Treasury Secretary Janet Yellen told the COP26 climate conference in the Sc...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) - SSR Mining (NASDAQ: SSRM)(TSX: SSRM) today reported that in Q3 2021, the company produced 186,941 goldequivalent ounces (GEO), an increase of 74% over Q3 2020 (107,556 GEO).According to the company'sst...Read More
Nov 3 (Reuters) - Booking Holdings Inc (BKNG.O) posted a 77% rise in third-quarter revenue on Wednesday, as more people used the online travel agent to book trips after the United States announced it would open borders to vaccinated foreign nationals.Travel searches to the world's largest economy on Booking-owned travel website Kayak surged after the White House said last month it would lift tra...Read More
Steel prices in the United States are poised to continue decreasing at a slow pace in the coming months, Luxembourg-based steelmaker Ternium said on Wednesday November 3.Supply and demand fundamentals have started to normalize in the country, but remain far from balance, according to Ternium chief executive officer M??ximo Vedoya.Among the drivers for lower prices, the CEO cited capacity usage in...Read More
WASHINGTON (Reuters) - Shares were mixed as Treasuries rose on Wednesday after the U.S. Federal Reserve, as expected, approved plans to begin scaling back its bond-buying stimulus program this month and end it by June.The pan-European STOXX 600 index rose 0.35% and MSCI's gauge of stocks across the globe gained 0.14% as investors digested the announcement, taken amid a surge in inflation.U.S. inde...Read More