Ballarat, Australia, Nov 17, 2021 - (ABN Newswire) -White Rock Minerals Limited (ASX:WRM) (OTCMKTS:WRMCF) is pleased to provide an update on the regional exploration review and the strategy being developed to advance multiple targets towards a significant gold discovery within the Company's large 660km2 tenement holding at the Woods Point Gold Project. Following completion of the merger of White R...Read More
Gold futures traded to a high of $1879.50 overseas last night but then fell sharply off of these highs as the U.S. Census Bureau announced the advanced estimate of retail and food services sales for October 2021. Concurrently, the Federal Reserve released its industrial production data for October. Both reports indicated robust production and spending which was cited as the primary explanation for...Read More
By Julia Symmes Cobb MEDELLIN, Nov 16 (Reuters) - Colombia will begin takingoffers in its first bidding round for gold exploration contractsin early 2022, the head of the national mining agency said onTuesday, as the Andean country continues efforts to diversifyits mineral output. Colombia has long hailed its as-yet largely untappeddeposits of gold and copper, among other minerals, as the futureof...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) - Teck Resources, one of Canada's leading mining companies, today reported that its logistics chain between west coast terminals and B.C. operations has been temporarily disrupted due to heavy rain, floo...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) - Artemis Gold (TSX-V: ARTG) said today it has received a silver stream offer to enter into a definitive precious metals purchase agreement with Wheaton Precious Metals, in respect to the company's Black...Read More
By Steve HollandWOODSTOCK, N.H., Nov 16 (Reuters) - U.S. President Joe Biden said on Tuesday he will make a final decision in about four days on his nominee to head the Federal Reserve, a critical choice for the first-term Democrat and one that could well have a bearing on how his economic agenda plays out.Asked by a reporter if he was "any closer to a decision" on the U.S. central bank's chair, B...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) - Rio2 (TSXV: RIO) announced Tuesday that it has entered into a definitive precious metals purchase agreement (the "Gold Stream") with Wheaton Precious Metals in relation to the company's Fenix gold proj...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) - 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
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
Nov 16 (Reuters) - Federal Reserve officials said on Tuesday they are vigilant of the ways that higher inflation can affect U.S. households and dampen consumer sentiment and want to get it under control.While wages are rising for some workers, consumer sentiment is down to a "level that you might associate with a recession," said Richmond Fed President Thomas Barkin, citing the consumer...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
(Kitco News) The investment environment will be changing in 2022, and a combination of gold, bitcoin and bonds could be the winning one, according to Bloomberg Intelligence.The commodities space could be at risk of a reversal following an inflationary spike this year, said Bloomberg Intelligence senior commodity strategist Mike McGlone."Sustained inflation from commodities may be more elusive than...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 growing inflationthreat has shifted sentiment in the gold market, with hedge funds significantlyincreasing their bullish precious metals bets to protect their wealth,according to analysts after revi...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
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) - 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
(Kitco News) The crypto space saw a significant selloff in the last 24 hours, with Bitcoin dropping nearly 9% and Ethereum, at one point, down 10%.Bitcoin recovered slightly after dropping below $59,000 and was last trading at $60,880.45, down 5.84% on the day.Ethereum dropped below $4,300, finding support around that level and last trading at $4,303.3, down 7.6% on the day.The correction was all...Read More
(Kitco News) Gold prices are moderately lower in midday dealings Tuesday, after hitting a five-month high overnight. Silver pushed to a three-month high and also backed off. Both precious metals saw some routine profit-taking from the shorter-term futures traders, following recent good gains. A rally in the U.S. dollar index to a 15-month high today also worked against the metals market bulls. Dec...Read More
Mr. Kevin Keough reportsEVERGOLD'S GOLDEN LION DRILLING YIELDS THE HIGHEST GRADES YET SEEN ON THE PROPERTY, MULTIPLE HIGH-GRADE INTERCEPTS INCLUDING 2.8 M OF 10.4 G/T GOLD, 651 G/T SILVER, 11% ZINC, 4% LEAD, WITHIN 11.3 M OF 5.4 G/T GOLD, 62 G/T SILVER, 3% ZINC, 1% LEAD Evergold Corp. has released by far the highest grades of gold, silver, zinc and lead ever achieved in drilling at the GL1 Main ta...Read More