Mr. Quentin Yarie reportsRED PINE CLOSES C$8,400,405 "BOUGHT DEAL" PRIVATE PLACEMENT OF FLOW-THROUGH SHARESRed Pine Exploration Inc. has closed its previously announced bought deal private placement with Haywood Securities Inc., as sole underwriter and bookrunner. The offering consisted of 12,923,700 flow-through shares of the company, including the full exercise of the underwriter's option, at a...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 market is in a sweet spot and has the potential to hit$1,950 an ounce as inflation pressures continue to build, according to analystsat CIBC.Not only has the gold market broken out of a five-mo...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) - Thor Explorations (TSXV: THX) today announced an initial NI 43-101 standard Maiden Mineral Resource Estimate ("MRE") for the Makosa Deposit which is located in the southern portion of the Douta Gold Pr...Read More
Mr. David Stein reportsKUYA SILVER ACQUIRING STRATEGIC LAND POSITION AROUND BETHANIA PROJECTKuya Silver Corp.'s wholly owned Peruvian subsidiary, Kuya Silver Peru SAC, has won claims covering approximately 1,800 net hectares in the immediate vicinity of the Bethania mine, to which mining concessions will be granted. The new concessions will be registered as Tres Banderas 03, Tres Banderas 04, Tres...Read More
WASHINGTON, Nov 18 (Reuters) - Huge spending by governments kept the world economy afloat during the pandemic as officials mobilized a fiscal response not seen since World War Two to bolster household incomes and give businesses a fighting chance to survive the health crisis.But the resulting nearly $300 trillion pile of debt held by governments, businesses and households will leave many countries...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 prices are lowerin early U.S. trading Thursday. A price uptrend on the daily bar chart is in jeopardy and the bulls need to show freshpower soon to keep it alive. More selling pres...Read More
Mr. Darren Hall reports CALIBRE MINING APPOINTS DAVID SPLETT AS SENIOR VICE PRESIDENT & CHIEF FINANCIAL OFFICER Calibre Mining Corp. has appointed David Splett as senior vice-president and chief financial officer, effective Nov. 29, 2021.Darren Hall, president and chief executive officer of Calibre, stated: "I am delighted to welcome David Splett to the Calibre team as SVP and CFO. David's dem...Read More
JOHANNESBURG, Nov 18 (Reuters) - Sibanye-Stillwater on Thursday said it made a new settlement offer in negotiationsover wages at its South African gold operations.If accepted by the four gold mining unions, which arenegotiating as a united block for the first time, the offer willincrease the company's wage bill at its gold operations by 1.4billion rand ($89.55 million) by July 1 2023, Sibanye said...Read More
Mr. Scott Berdahl reportsSNOWLINE GOLD EXTENDS HIGH GRADE FOOTPRINT WITH 13.7 GRAMS PER TONNE GOLD OVER 3.6 METRES AT ITS JUPITER ZONE, EINARSONSnowline Gold Corp. has released additional assay results from phase 1 drilling at the Jupiter zone on its district-scale Einarson gold project in Yukon, Canada. The highlight of these results are from hole J-21-015, which was collared 153 metres northwest...Read More
Mr. Michael Bennett reportsALTAMIRA GOLD INTERSECTS 131.75M OF DISSEMINATED GOLD MINERALIZATION IN FIRST DRILL HOLE AT MUTUM, APIACAS PROJECT Altamira Gold Corp. has released the results of the first two diamond drill holes at the Mutum target within the Apiacas project area and has providedan update on exploration at the Santa Helena project. Both projects are located within the Alta Floresta gol...Read More
As gold, silver and platinum prepare forthe next big move higher, they now find themselves consolidating. The bullishaction shows us this consolidation at higher levels than before. The set up isbullish but this pattern can last a few days before the next leg higher. This is a test not a drill, traders andinvestors have their emotional sides tested on a regular basis. We have writtenpreviously abo...Read More
(Kitco News) The index for current general activity in the Philadelphia Federal Reserve's manufacturing business outlook survey rose to 39 in November, surging past expectations.Market consensus calls were projecting an increase to 24. The Philadelphia Fed said that general activity, shipments, new orders and price indicators were all up from October. Meanwhile, the employment index saw a decline...Read More
LONDON, Nov 18 (Reuters) - The euro rebounded on Thursday away from 16-month lows versus the dollar as traders assessed whether the U.S. currency's recent surge - fuelled by differing expectations for interest rate rises - had gone too far.Markets have been betting that the European Central Bank will fall behind in tightening policy even as rising inflation prompts others including the Federal Res...Read More
* Dollar dips from 16-month highs as rally takes a pause* Gold could trade in $1,850-$1,875 range in near term-analyst* Silver demand could rise this year-Silver InstituteNov 18 (Reuters) - Gold prices edged lower on Thursday as investors remained torn over how fast the U.S. Federal Reserve will taper its monetary stimulus and raise interest rates after the recent strong inflation data out of the...Read More
(Kitco News) The initial weekly jobless claims declined by 1,000 to 268,000 in the week to Saturday, slightly disappointing market expectations but still marking a new pandemic low.Economists' consensus calls projected for initial claims to come in at 260,000 following the revised level of 269,000 reported in the previous week. Gold rose from daily lows following the data release, with December C...Read More
LONDON (Reuters) - The U.S. Federal Reserve will start raising interest rates from September 2022, economists at the country's biggest bank said in a 2022 outlook note.JPMorgan expects the central bank to raise rates by 0.25% from the third quarter of next year and keep raising them by 25 basis points every quarter "at least until real rates are at zero," the team led by chief economist...Read More
WASHINGTON, Nov 18 (Reuters) - The U.S. Federal Reserve for the past 20 months has put its monetary policy arsenal behind the single-minded goal of restoring U.S. employment particularly for the less well off whose prospects suffered most during the pandemic.Interest rates remain anchored near zero and central bank bond purchases are still underway even as inflation takes off and unemployment drop...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 prices are slightly lower in early U.S. trading Thursday, on normalcorrective pullbacks and light profit taking from the shorter-term futurestraders. A slumping crude oil market is also...Read More
Mr. Peter Dembicki reportsTIER ONE SILVER INTERSECTS 1,480.5 G/T SILVER EQUIVALENT OVER 1 METRE ON THE MADRE STRUCTURE AT CURIBAYATier One Silver Inc. has released results from drill holes 4 to 6 at the Curibaya project in southern Peru. Drill hole 6 targeted the Madre structure, which has emerged as the primary target structure on the project to date, and intersected one metre of 1,480.5 grams pe...Read More
Mr. Robert Hinchcliffe reportsGALWAY METALS GAP DRILLING INTERSECTS 1.3 G/T AU OVER 41.15M AND 18.8 G/T AU OVER 6.0M, CLOSING GAP BETWEEN GMZ AND RICHARD ZONESGalway Metals Inc. has released full and partial assay results from numerous drill holes in the centre of, and along either side of, the remaining 400-metre gap between the Richard and George Murphy zones (GMZ) at the company's Clarence Stre...Read More