Mr. Rahul Paul reports RADISSON ANNOUNCES UPSIZE OF ITS PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO $6 MILLIONDue to investor demand with its previously announced private placement, Radisson Mining Resources Inc. has entered into an agreement with Eight Capital, as lead agent and sole bookrunner, on behalf of a syndicate of agents, pursuant to which the corporation and the agents have agreed to upsi...Read More
Mr. Thomas Larsen reportsCHANNEL SAMPLING AT PORCO ADIT RETURNS 103M STRIKE LENGTH GRADING 521 AG EQ/T (INCLUDING 117 G AG/T, 1.44 G AU/T, 0.54% CU AND 0.66%SN) AT ISKA ISKA SILVER-TIN POLYMETALLIC PROJECT, POTOSI DEPARTMENT, BOLIVIAEloro Resources Ltd. has provided an update on its Iska Iska silver-tin polymetallic project in the Potosi department, southern Bolivia. To date, the Company has comp...Read More
ReutersFRANKFURT, Nov 17 (Reuters) - Euro zone inflation will remain higher for longer and the European Central Bank must be ready to rein it in if price growth proves to be more durable than policymakers now anticipate, ECB board member Isabel Schnabel said on Wednesday."This means avoiding the mistake of a premature tightening of monetary policy in response to a temporary and possibly short-live...Read More
ReutersNov 17 (Reuters) - Wall Street's main indexes opened flat on Wednesday as investors fretted over early rate hikes by the Federal Reserve after strong retail earnings and data showed an economic recovery was on track.The Dow Jones Industrial Average (.DJI) rose 17.48 points, or 0.05%, at the open to 36,159.70.The S&P 500 (.SPX) opened higher by 0.60 points, or 0.01%, at 4,701.50, while t...Read More
ReutersMUMBAI, Nov 17 (Reuters) - India is likely to bar the use of cryptocurrencies for transactions or making payments, but allow them to be held as assets like gold, shares or bonds, the Economic Times reported on Wednesday.Citing sources familiar with the government's thinking, the newspaper said this approach would avoid implementing a complete ban, though the government was keen to stop cryp...Read More
By Alun John and Vidya RanganathanHONG KONG/SINGAPORE, Nov 17 (Reuters) - Bitcoin and ether, the world's two largest cryptocurrencies, stayed weak on Wednesday and near critical levels that analysts believe could spell further weakness if breached.Bitcoin last traded around $60,665, up 0.9% on the day. It was off the day's low of $58,400 but is down about 12% from the record high of $69,000 set on...Read More
By Jeffrey GoldfarbMELBOURNE, Nov 17 (Reuters Breakingviews) - The California Gold Rush had its hydropower phase, and cryptocurrency could be entering one too. Bitcoin miner Iris Energy (IREN.O) relies mainly on renewables, especially water, for its electricity-sucking operations. This somewhat novel twist might help underpin its initial public offering valuation, but the climate-saving hype feels...Read More
Dr. Michael Gunning reportsVR REPORTS 299 METRE INTERSECTION OF CRITICAL METALS AND REE'S IN THE FIRST OF FIVE DRILLS HOLES COMPLETED IN OCTOBER AT HECLA-KILMERVR Resources Ltd. has provided new data from the first of five holes completed in October at its Hecla-Kilmer (H-K) project in Northern Ontario. A 299-metre intersection in drill hole HK21-005, starting near surface, confirms the discovery...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 arehigherin early U.S. trading Wednesday after hitting a three-week low overnight. A priceuptrend in place on the daily bar chartis in jeopardy and the bulls need to show m...Read More
Nov 17 (Reuters) - The New York Federal Reserve took unprecedented action to stabilize the Treasury market after it was disrupted at the start of the pandemic, offering a stark reminder that markets need to be strengthened to prepare for the next big shock, New York Fed Bank President John Williams said on Wednesday."Severe disruptions to critical financial markets like we saw last spring sho...Read More
* Gold faces strong resistance around $1,870s - analysts* UK inflation leaps to 10-year highNov 17 (Reuters) - Gold prices gained on Wednesday as inflation worries boosted demand for the safe-haven metal, even as the U.S. dollar held near multi-month highs on rising bets of an early hike in interest rates in the United States.Spot gold rose 0.7% to $1,862.56 per ounce by 1316 GMT. U.S. gold future...Read More
Mr. Marcel Robillard reportsPUMA EXTENDS MINERALISED ZONE WITH HIGH-GRADE SAMPLES UP TO 46,8 G/T AU, INCREASING GOLD POTENTIAL AT THE WILLIAMS BROOK GOLD PROPERTYPuma Exploration Inc. has discovered nine new gold-bearing quartz veins along the O'Neil gold trend (OGT) and reports surface samples grading up to 46.8 grams per tonne gold, extending the gold mineralized corridor over a continuous dist...Read More
LONDON, Nov 17 (Reuters) - British inflation has hit a 10-year high as household energy bills rocket, bolstering expectations the Bank of England will raise interest rates in December just weeks after it rocked markets by keeping borrowing costs on hold.Consumer prices rose by 4.2% in annual terms in October, leaping from a 3.1% increase in September, the Office for National Statistics said on Wed...Read More
OTTAWA, Nov 17 (Reuters) - Canada's annual inflation rate accelerated to 4.7% in October, the highest since February 2003, and up from a year-over-year pace of 4.4% in September, Statistics Canada said on Wednesday.Analysts polled by Reuters had expected the annual rate to rise to 4.7%. October marked the seventh consecutive month in which headline inflation topped the Bank of Canada's 1-3% target...Read More
Glencore is selling its Ernest Henry Mining (EHM) copper-gold mine in Queensland, Australia, to Evolution Mining for A$1 billion ($730 million). According to a press release Glencore will receive A$1 billion, comprising A$800 million on the closing of the transaction and a further A$200 million payable 12 months after the transaction closes. Evolution said the deal will be paid for with existing 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 holding near session highs as momentum inU.S. home construction weakened last month. The housing market was a pillar of strength for the U.S.economy during the COVID-19 pandemic last...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 higher in early U.S. trading Wednesday. Bulls stepped into buy Tuesday's dips in the metals' prices, which is a sign of strong markets.Gold and silver as an inflation hedge re...Read More
Kitco News talks to Peter Schiff, one of the staunchest detractors of Bitcoin, and Alex Mashinsky, a pioneer in the crypto space and a top Bitcoin proponent, live on YouTube.In this special LIVE interactive debate moderated by Kitco News Editor-in-Chief Michelle Makori, we tackle the toughest arguments for and against Bitcoin and cover your questions on which assets offer the best wealth protecti...Read More
By Eric OnstadLONDON, Nov 17 (Reuters) - Canada's Neo PerformanceMaterials announced plans on Wednesday to expand itsrare earths operations in Estonia to produce super-strongmagnets for electric vehicles (EVs), counting on European Unionfunding to make it viable.The EU wants to develop domestic output of rare earthmagnets - key for both EVs and wind turbines - to help meettargets for cutting carbo...Read More
(Updates prices)LONDON, Nov 17 (Reuters) - Copper prices fell for a thirdday on Wednesday as expectations of U.S. interest rate riseslifted the dollar to 16-month highs, making metals priced in thegreenback costlier for buyers with other currencies.Benchmark copper on the London Metal Exchange (LME)was down 1.6% at $9,404 a tonne at 1723 GMT.Prices of the metal, used in construction and to conduct...Read More