Mish Talk, Released on 11/16/21Despite huge stock market gains over the last decade, U.S. pensions are hundreds of billions of dollars short of what they expect to need to pay public worker retirement benefits.Continue... The Nation's Largest Pension Plan Approves Leverage to Meet Its Targets added by Herman James on 11/17/2021View all posts by Herman James ?+'Read More
LONDON, 16 November 2021 - Leading financial news-site MarketWatch today quotes BullionVault in its latest gold-price report."Investment flows are what drive gold prices," says Adrian Ash, director of research at BullionVault, "and after gold smashed through downtrend resistance as well as this summer's highs on last week's inflation shock data, it's no surprise to see some of the hot money closin...Read More
Higher yields in the U.S. Treasury notes were a primary factor taking the U.S. dollar higher, which in turn pressured gold to close lower on the day. This is the first instance in which gold has closed lower in the last eight consecutive trading days.10-year Treasury notes started the week with a solid gain of 0.041 basis points, a net gain of 2.59%, with the current yield up and fixed at 1.623%.A...Read More
Inflation is now at the highest level since 1990, but it doesn't stop here said E.B. Tucker, director of Metalla Royalty and author of "Why Gold, Why Now?""6% is only the beginning. It's going to go much higher, it's not transient. None of these people are going to lower prices, this is here to stay," Tucker told David Lin, anchor for Kitco News. Although wages are rising, the pace of growth is st...Read More
EMERYVILLE, Calif., Nov. 15, 2021 /PRNewswire/ -- Amyris, Inc. (Nasdaq: AMRS), a leading synthetic biotechnology company accelerating the world to sustainable consumption through its Lab-to-MarketTM operating platform, announced that it has closed its offering of 1.50% convertible senior notes due 2026 (the "notes"), for gross proceeds of $690.0 million. The proceeds include the full exercise o...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) - First Quantum Minerals (TSX:FM) today announced that the Board of Directors will appoint Tristan Pascall, currently the company's Chief Operating Officer (COO), to the role of Chief Executive Officer (...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, has been named to the S&P Dow Jones Sustainability World Index (DJSI) for the 12th consecutive year and is ranked #1 in the Metals and Mining i...Read More
There's one thing that I've noticed over the years: whenever bull markets (or bull legs up after correction lows) begin, prices go down dramatically, but the upward trend crawls so slowly as not to be noticeable. That is, until you compare those prices over a longer term.We're now just one month from the miner lows of September 29. The last day of October saw a big dramatic downdraft in pric...Read More
By Michael McCrae For Kitco NewsFollow michaelmccraemmccrae@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational...Read More
By Kitco News For Kitco NewsFollow @kitconewsnownewsfeedback@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for information...Read More
By Michael McCrae For Kitco NewsFollow michaelmccraemmccrae@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational...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) - K92 Mining (TSX : KNT) reported Monday that its quarterly gold equivalent production of 24,122 oz in Q3 2021 was 8% higher than in Q3 2020 (22,261 oz).However, the company said that challenges related...Read More
DENVER, Nov 15 (Reuters) - U.S. oil producers are strugglingto find enough crews, vehicles and equipment to take advantageof rising global demand and a seven-year high in crude prices,say executives at oilfield service firms.The problems are preventing the world's top oil producer andconsumer, the United States, from responding to higher prices and could mean it takes longer for global output to m...Read More
Mr. John Williamson reportsBENCHMARK METALS ANNOUNCES UPSIZE TO PREVIOUSLY ANNOUNCED BOUGHT DEAL PRIVATE PLACEMENT TO $33.6 MILLION Benchmark Metals Inc. has entered into an amendment with the syndicate of underwriters led by led by PI Financial Corp. and Sprott Capital Partners LP to increase the size of the private placement from approximately $30-million to approximately $33.6-million.Pursuant...Read More
Mr. Adam Horne reportsTOMBILL MINES EMBARKS ON ITS SURFACE EXPLORATION PROGRAM AND COMPLETES INAUGURAL NEAR SURFACE DRILLING Tombill Mines Ltd. has provided an exploration update at its 100-per-cent-controlled, royalty-free, flagship and patented Tombill main group and its claims within the Geraldton gold camp.Summary of recent results from the Talmora near-surface drill program:Hole TAL21-002 ret...Read More
Mr. David Stein reportsKUYA SILVER COMMENCES PHASE TWO BETHANIA EXPLORATION PROGRAM Kuya Silver Corp. has begun the second phase of its 2021 exploration program at the Bethania project, Peru. Kuya Silver's geologic team has begun a detailed surface sampling and trenching program and plans to continue with a multi-phase exploration program over the coming months. After successfully concluding the P...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) - Pure Gold Mining (TSX-V: PGM) reported gold production of 9,260 ounces in Q3 2021 at its PureGold mine in Ontario, a 54% increase compared to the second quarter driven by higher grades and increased to...Read More
By Other For Kitco News Follow @KitcoNewsNOW Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitati...Read More
Nov 15 (Reuters) - Wall Street indexes were pulled off session highs on Monday as technology stocks came under pressure from rising Treasury yields, although losses in the Dow Jones were mitigated by Boeing, which surged on a potential Saudi Arabian order.The Nasdaq (.IXIC) fell the most among its peers, coming off early gains as heavyweight technology stocks retreated. Higher Treasury yields tend...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) - Argonaut Gold (TSX: AR) announced today that the company produced 58,777 gold equivalent ounces in Q3 2021, an increase of 20% compared to Q3 2020.The company explained that higher production was prima...Read More