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) - Australia's largest hybridrenewable microgrid, and the first in the country to power a mine predominantlywith wind- generated electricity, was officially opened at the Agnew gold mineowned by Gold Fiel...Read More
Kitco MEDIA ? Recapping Key M&A News And Trends For Precious Metals StocksBy Cory FleckContributing tokitco.com Follow @KitcoNewsNOWFleck@kereport.comwww.kereport.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 I...Read More
(Recasts, updates prices)* Gold eyes best week in more than 2 months* Platinum, palladium on course for weekly upticks* Lower yields complementing gains - analystNov 5 (Reuters) - Gold rose more than 1% on Friday to a near two-month high as major central banks' dovish tone on interest rates this week lifted the demand for the safe-haven metal.Spot gold was up 1.2% at $1,813.36 per ounce by 01:45 p...Read More
HOUSTON (Reuters) - Occidental Petroleum Corp will increase its fixed dividend payments to shareholders after cutting its debt levels to $25 billion, Chief Executive Officer Vicki Hollub said on Friday.“We are going to get there sooner than we expected,” Hollub told analysts on a call to comment on the companies third quarter results.Reporting by Sabrina Valle; Editing by Chris Reese...Read More
Whata great way to start November with Equities making new all-time highs, the U.S.creating more jobs than expected, and the dreaded Fed meeting behind us. Itappears on the surface that the Fed was much more accommodative thananticipated, considering when Bernake tapered, Equities fell 5% that week. Goldfutures are back at $1815 and need to clear two more three-star majorresistance levels 1825-182...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) - Anglo American said todaythat it has set an ambition to achieve carbon neutrality across its controlledocean freight activities by 2040, with an interim 30% reduction in emissions by2030. The company a...Read More
Nov 5 (Reuters) - Wall Street's main indexes hit record highs in a broad-based rally on Friday as data showing strong jobs growth in October, coupled with Pfizer's COVID-19 pill update, bolstered sentiment about economic growth.Ten of the 11 major S&P sectors advanced, with three of them gaining more than 1% each. The small-cap Russell 2000 index (.RUT) added 1.6%, also scaling a record peak...Read More
SAN FRANCISCO, Nov 5 (Reuters) - Tesla Inc (TSLA.O) plans to open a factory to produce battery manufacturing equipment in the Canadian city of Markham, Ontario, Mayor Frank Scarpitti said, as the electric carmaker ramps up the production of cheaper, higher-range 4680 battery cells.Scarpitti did not provide many details. In 2019, the U.S. electric carmaker acquired Canada-based Hibar, which manuf...Read More
By Marcelo RochabrunAQUIA, Peru, Nov 5 (Reuters) - The head of Antamina, Peru'slargest copper producer, looked to defuse tensions with ruralcommunity protesters on Friday, addressing residents in a localmeeting after a blockade forced the mining firm to suspendoperations last week.Victor Gobitz, head of Antamina, part-owned by Glencore Plc and BHP Billiton , told residents at a townhall meeting in...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) - Novo Resources (TSX: NVO) announcedtoday that operations have resumed at its Golden Eagle processing facility inAustralia.The company said that theGolden Eagle Mill underwent opportunistic maintenance...Read More
BETHLEHEM, Pa., Nov 5 (Reuters) - Dozens of state and local governments are scrambling to explain how they plan to distribute billions of dollars in home rental aid funds in coming months as the U.S. Treasury pursues plans to reallocate unspent funds from lagging communities.U.S. Deputy Treasury Secretary Wally Adeyemo told Reuters that every underperforming jurisdiction has contacted the departme...Read More
MADRID, Nov 5 (Reuters) - Spanish oil company Cepsa is exploring a sale of its chemicals business under a strategic review as it seeks to raise funds to accelerate its transition to clean energy, two sources with knowledge of the matter told Reuters.Cepsa is working with Citi (C.N) to identify possible buyers for the division which is valued at up to 3 billion euros ($3.5 billion), the sources s...Read More
WASHINGTON, Nov 5 (Reuters) - U.S. employment increased more than expected in October as the headwind from the surge in COVID-19 infections over the summer subsided, offering more evidence that economic activity was regaining momentum early in the fourth quarter.But the brightening outlook was somewhat clouded by millions of unemployed Americans who remained at home even as companies are boosting...Read More
SAO PAULO, Nov 5 (Reuters) - Brazilian Communications Minister Fabio Faria said on Friday that the government may schedule a new 5G spectrum auction to sell batches that did not attract interest, mainly in the 26 GHZ frequency.Brazil telecom regulator Anatel concluded an auction on Friday with Faria saying in a news conference that the sale raised a total of 46.79 billion reais ($8.44 billion) inc...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) - According to a data byStatistics Canada (StatCan) released yesterday, total exports from Canada weredown 2.3% in September to $53.0 billion, the first decline after threeconsecutive monthly increases.S...Read More
(Kitco News) - Rising inflationpressures and central banks that are in no hurry to raise interest rates areboosting sentiment in the gold market as prices look to end the week above$1,800 an ounce. Although analysts seeroom for gold prices to move higher, a few still note that the market facessignificant overhead resistance. For gold to regain its luster and attract newmomentum, prices have to ult...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) - Centerra Gold (TSX: CG) (NYSE:CGAU) today reported that net earnings and earnings from continuing operationsof $27.6 million were recognized in the third quarter of 2021, compared to netearnings of $20...Read More
Nov 5 (Reuters) - Electric van maker Workhorse Group (WKHS.O) is being investigated by the U.S. Department of Justice, the Wall Street Journal reported on Friday, citing documents reviewed by the newspaper.The focus of the inquiry was not revealed in the documents, the report said. Shares of the company were down 10.4% at $6.47 after the report.Workhorse and the DoJ were not immediately availa...Read More
WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell and Governor Lael Brainard were spotted at the White House on Thursday as President Joe Biden mulls a decision on appointments at the central bank, according to a person close to the process.Biden has not yet made a decision on whom he wants to be Fed chair but expects to do so soon, according to the source.Investors believe Powell remains...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) - Kirkland Lake Gold (TSX:KL)(NYSE:KL) today announced a revised drill intercept for one drill hole reportedin the Lower Phoenix System at Fosterville in the news release issued on August30, 2021. Accord...Read More