Shares in Canada's Stornoway Diamond Corp. (TSX:SWY) plummeted Wednesday after the miner reported a net loss of $37.6 million for the three months ended Sept. 30 and announced that chief executive officer Matt Manson will leave at the end of the year.Mason will be replaced by chief operating officer Patrick Godin, who joined Stornoway in 2010 and was appointed to the board of directors in 2011....Read More

BERLIN (Reuters) - The European Union will respond with countermeasures if the United States imposes tariffs on its cars, the bloc’s trade commissioner told Germany’s Die Zeit weekly on Wednesday.“Then we will hit back, we can very quickly put together a long list of countermeasures that conform to World Trade Organisation rules,” Cecilia Malmstrom told the paper, adding th...Read More

LONDON (Reuters) - Oil rose on Wednesday, recouping some of the previous session’s slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market.Prices rallied toward $67 earlier in the session after Reuters reported OPEC and its partners are discussing a proposal to cut output by up to 1.4 million barrels per day (bpd), a larger fig...Read More

DUBAI/LONDON (Reuters) - OPEC and its partners are discussing a proposal to cut oil output by up to 1.4 million barrels per day (bpd) for 2019, three sources familiar with the issue said, a larger reduction than previously thought to avert a price-sapping oversupply.Worried by a drop in oil prices due to record supply from Saudi Arabia, Russia and the United States, the Organization of the Petrole...Read More

(Kitco News) - Gold pricesare near unchanged and hovering just above $1,200.00 in early U.S. trading Wednesday.The silver market is slightly down and dipped to a nearly three-year lowovernight. Both metals showed minimal price reactions to just-released U.S.inflation data. December gold futures were last up $0.70 an ounce at $1,202.10.December Comex silver was last down $0.017 at $13.96 an ounce....Read More

LONDON (Reuters) - Pfizer lost the final round in a long-running patent battle in Britain on Wednesday after the country’s highest court ruled against it in a case involving its $5 billion-a-year pain drug Lyrica.The Supreme Court decision is a blow for the U.S. drugmaker - which had sought to affirm a secondary medical use patent for the product - and a win for generic drug companies Actavi...Read More

* Italian bond yields at three-week highs* Italy sticks to growth, deficit plans in revamped budget* Sets stage for EU showdown* Core euro zone bond yields down (Adds Italian CDS, updates prices)By Dhara RanasingheLONDON, Nov 14 (Reuters) - Italian bond yields hit three-week highs on Wednesday, widening the gap over top-rated German peers, after Italy re-submitted its 2019 budget to the European C...Read More

LONDON (Reuters) - Prime Minister Theresa May will try to convince senior ministers on Wednesday to accept a draft European Union divorce deal that opponents say threatens both her government and the unity of the United Kingdom.The weakest British leader in a generation, she has to try to get the deal approved by parliament before exiting the bloc on March 29, 2019.Brexit campaigners in May’...Read More

(Kitco News) -Pan American SilverCorp. (Nasdaq, TSX: PAAS), the world’s second-largest primary silver producer,will acquire Tahoe Resources Inc. (NYSE: TAHO;TSX: THO) in a $1.07 billionstock-cash deal announced by the two companies Wednesday.Officials said themerger will create the world’s largest publicly traded silver-mining companyand will have the world’s largest silver reser...Read More

(Kitco News) - Pan American Silver Corp. (Nasdaq, TSX: PAAS), the world’s second-largest primary silver producer, will acquire Tahoe Resources Inc. (NYSE: TAHO; TSX: THO) in a $1.07 billion stock-cash deal announced by the two companies Wednesday.Officials said the merger will create the world’s largest publicly traded silver-mining company and will have the world’s largest silve...Read More

Gold miner threatens legal action against unionRead full newsRead More

The head of the International Monetary Fund believes it's time for global central banks to explore the idea of a state-backed digital currency. "I believe we should consider the possibility to issue digital currency. There may be a role for the state to supply money to the digital economy," said Christine Lagarde in prepared remarks for delivery Wednesday local time at the Singapore Fintech Festi...Read More

Vancouver-based Xiana Mining (TSXV: XIA), formerly Dorato Resources, paid $25 million and a 1.5% net smelter royalty to acquire Glencore's (LON:GLEN) Minera Altos De Punitaqui in Chile.Minera Altos De Punitaqui (MAP) is a copper-gold producing company that currently holds three operating mines, additional exploration licenses, a concentrator, and associated infrastructure. All these elements are c...Read More

Vancouver-based Xiana Mining (TSXV: XIA), formerly Dorato Resources, paid $25 million and a 1.5% net smelter royalty to acquire Glencore's (LON:GLEN) Minera Altos De Punitaqui in Chile.Minera Altos De Punitaqui (MAP) is a copper-gold producing company that currently holds three operating mines, additional exploration licenses, a concentrator, and associated infrastructure. All these elements are c...Read More

Vancouver-based Xiana Mining (TSXV: XIA), formerly Dorato Resources, paid $25 million and a 1.5% net smelter royalty to acquire Glencore's (LON:GLEN) Minera Altos De Punitaqui in Chile.Minera Altos De Punitaqui (MAP) is a copper-gold producing company that currently holds three operating mines, additional exploration licenses, a concentrator, and associated infrastructure. All these elements are c...Read More

* Euro stuck below $1.13 on Italian jitters, growth worries * Dollar pulls back from 16-month high on profit taking * Sterling traders brace for Brexit cabinet meeting* Swedish crown knocked lower by inflation data * Graphic: World FX rates in 2018 (Adds details, updates prices)By Tommy WilkesLONDON, Nov 14 (Reuters) - The euro struggled below $1.13 onWednesday as Italy stuck to its deficit target...Read More

HISTORICAL DRILLING INCLUDES INTERCEPTS OF UP TO 20 G/T GOLD NEAR SURFACE FROST PROJECT 12 MILES FROM GRASSY MOUNTAIN, HAS SIMILAR GEOLOGICAL SIGNATURESWINNEMUCCA, Nev., Nov.14, 2018(GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount") today announced that it has entered into an agreement with Nevada Select Royalty ("Nevada Select"), a wholly owned subsidiary of Ely G...Read More

HISTORICAL DRILLING INCLUDES INTERCEPTS OF UP TO 20 G/T GOLD NEAR SURFACE FROST PROJECT 12 MILES FROM GRASSY MOUNTAIN, HAS SIMILAR GEOLOGICAL SIGNATURESWINNEMUCCA, Nev., Nov.14, 2018(GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount") today announced that it has entered into an agreement with Nevada Select Royalty ("Nevada Select"), a wholly owned subsidiary of Ely G...Read More

* China retail sales growth slows, industrial output rises * Nickel touches fresh 11-month low * GRAPHIC-2018 asset returns: (Updates with closing prices, Lead and zinc balance)By Zandi ShabalalaLONDON, Nov 14 (Reuters) - Base metals held steady onWednesday as weak retail sales data from top consumer China tookthe shine off upbeat industrial output and investment figures inthe country.Benchmark co...Read More

* Silver matches its lowest since Jan. 21, 2016 * GRAPHIC-Gold/silver ratio:* SPDR Gold Trust holdings fell on Tuesday (Updates prices)By Sumita LayekNov 14 (Reuters) - Gold prices fell on Wednesday as thedollar held near a multi-month high buoyed by interest frominvestors seeking cover from sliding stocks and by prospects forhigher U.S. interest rates.Spot gold was down 0.1 percent at $1,201.08 p...Read More