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) - Cora Gold, the West African focused gold company, today reported a +200% total ounces increase in the updated Mineral Resource Estimate ('MRE') from maiden 2019 MRE, for the Sanankoro gold project in S...Read More
Evolution successfully raised A$22 million at 20c via an oversubscribed initial public offer, and the shares opened up almost 200% at 58.5c, peaking at 70c.Read More
PYX, already listed on Australia's NSX, began trading on the LSE on Monday.Read More
Although ferro-alloy prices have sharply climbed, steelmakers are unlikely to reduce their consumption of these raw materials given the small share of steel production costs it accounts for and the likelihood that prices will move down in the near-term, panelists said on Monday November 16 during Fastmarkets' International Ferro-alloys Conference.During the session titled "Steel Mill Panel Discuss...Read More
NEW YORK (Reuters) - A U.S. judge overseeing trade issues on Tuesday overturned a decision by then-President Donald Trump to allow a reimposition of tariffs on some imported solar panels.The decision by Judge Gary Katzmann of the U.S. Court of International Trade is a defeat for some domestic manufacturers.It came one year after he ruled that Trump's October 2020 proclamation to revoke a tariff ex...Read More
* U.S. retail sales up 1.7% in October* It will be a slow grind higher for gold now - analyst* Palladium hits one-month highNov 16 (Reuters) - Gold retreated on Tuesday from a more than five-month peak as upbeat U.S. retail sales data for October strengthened the dollar, making the metal more expensive for holders of other currencies.Spot gold fell 0.6% to $1,851.80 per ounce by 13:41 ET (1841 GMT...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 16 that are worth another look.The Chinese government is in discussions with multiple metal industry bodies on suspending the publication of data related to the country's progress in achieving its ambitions for "carbon peaking and carbon neutrality," sources have told Fastmarkets.The lower...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) - Sarama Resources (TSX-V:SWA) today announced a significant increase in the mineral resources for its 100%-owned Sanutura gold project in south-west Burkina Faso.According to the company's statement, th...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) - China Gold International Resources (TSX: CGG) announced today that its total gold production decreased by 14% to 57,288 ounces in Q3 2021 from 66,799 ounces for the same period in 2020.The company adde...Read More
General Motors (GM) plans to extend its control of the midstream processing chain in the next 18 months while it gets battery plants in the United States up and running, a senior company executive at the automotive manufacturer said.This is also part of a push by the automaker to create a greener supply chain via reduced movement of materials around the world, GM manager of energy environment and...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) - Elemental Royalties (TSX-V: ELE), a gold-focused royalty company, today reported record quarterly revenue of US$1.9 million for Q3 2021 and US$4.3 million for the nine months ended September 30, 2021 g...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 price is off its highs but still holding gains neara five-month high even as U.S. consumers spent more than expected in October.U.S.retail sales rose 1.7% last month, down from September's 0.8%...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 16 that are worth another look.The Chinese government is in discussions with multiple metal industry bodies on suspending the publication of data related to the country's progress in achieving its ambitions for "carbon peaking and carbon neutrality," sources have told Fastmarkets.The lower...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, Newmont announced that for the 14th year in a row, the company joins the Dow Jones Sustainability?,,? World Index (DJSI World), representing the top 10% of the largest 2,500 companies in the S&P...Read More
Mexican ferrous scrap prices were stable for most grades, but sparse reports of price increases and higher-price deals were spotted in what could be the beginning of an uptrend in prices.At least one Mexican scrap buyer was heard applying slight increases for prime grade scrap, since the material supply was short. There were also reports of higher deals for some obsolete grades.But for most grades...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) - Bloomberg recently released an article outlining a bullish case for the yellow metal. In the article, the analysts look at inflation in comparison to real interest rates and some technical factors 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) - Looking at the gold technicals the price has made another push higher but we are pretty far away from the next major level. The price has been on a tear since the market found the narrative that the ri...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) -Goldprices are up again and hit a five-month high in early U.S. trading Tuesday. Silver pushed to a three-month high. Gold and silver bulls remain in firm technicalcontrol amid near-term price uptrends...Read More
WASHINGTON/BEIJING, Nov 16 (Reuters) - U.S. President Joe Biden pressed his Chinese counterpart on human rights in a video call lasting more than three hours, while Xi Jinping warned that China would respond to provocations on Taiwan, according to official accounts of the exchange.The closely scrutinized conversation between the leaders of the world's biggest economies was described by both sides...Read More
Nov 16 (Reuters) - Wall Street indexes were set to open slightly higher on Tuesday as a strong holiday forecast from Walmart and a better-than-expected retail sales data boosted confidence in an economic recovery.With Americans starting their holiday shopping early to avoid empty shelves amid supply chain disruptions, retail sales rose more than expected in October, giving the economy a lift at th...Read More