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) - Sayona Mining (ASX:SYA) said today it closed its acquisitionfor a 60%stake in MoblanLithiumProject, Qu?(C)bec for US$86.5million. The close comes after the company successfully raised A$100million. Loc...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) - IAMGOLD (TSX: IMG) (NYSE:IAG) today announced an initial mineral resource estimate for the Gosselin zonediscovery, centered approximately 1.5 kilometres northeast of the C??t?(C) Goldconstruction proje...Read More
NEW YORK, Oct 18 (Reuters) - Equity indexes across the globe were near flat on Monday as data showed slower-than-expected growth in China's economy last quarter, while five-year Treasury yields rose to their highest levels since early 2020.The U.S. dollar index edged higher along with the rise in yields amid investor expectations the Federal Reserve will need to increase interest rates sooner than...Read More
NEW DELHI (Reuters) -India's central bank said on Monday that policy support is needed for longer for a sustained recovery in Asia's third largest economy from a coronavirus induced slowdown, even as demand has picked up.Earlier this month, The Reserve Bank of India's (RBI) monetary policy committee kept interest rates steady at record lows and reiterated the need to unwind pandemic-era stimulus 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) - Noront Resources (TSXV: NOT)today announced it has settled the terms of a proposal from Wyloo Metals underwhich Wyloo Metals would acquire up to 100% of the common shares of Noront forC$0.70 in cash.Ac...Read More
* Graphic: World FX rates in 2021 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Updates rates, headline; adds quote and chart)Oct 18 (Reuters) - Sterling steadied near a 20-month high versus the euro on Monday after Bank of England Governor Andrew Bailey sent a fresh signal that the central bank is gearing up to raise interest rates as inflation risks...Read More
Oct 18 (Reuters) - London's FTSE 100 slipped on Monday as investors ramped up bets of a quicker interest rate hike by the Bank of England, while gaming company Playtech soared after a 2.1-billion-pound takeover offer by Australia's Aristocrat Leisure.The blue-chip FTSE 100 index (.FTSE) ended 0.4% lower, marking its worst session in nearly two weeks, with healthcare (.FTNMX201030) and travel-r...Read More
StrengthsOf the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was GreenMoon (GRM), rising 460,763,129.80%.ETF giant Invesco partners with crypto billionaire Michael Novagratz's Galaxy Digital holdings to bring two ETFs to market. Tickers SATO and BLKC began trading last Thursday on Cboe Global Markets. Both ETFs are among nearly a dozen of crypto-themed ETFs that issue...Read More
StrengthsThe best performing precious metal for the week was platinum, up 2.92%, largely moving with the Thursday surge in precious metals. Palladium surged to the highest level in a month as industrial users took advantage of low prices even as the ongoing semiconductor crunch dampens the outlook for auto demand.Royal Gold streaming sales were 64,000 gold equivalent ounces, 8% higher than consens...Read More
(Reuters) -U.S. stocks rose on Monday on gains in heavyweight technology companies, although sentiment remained fragile due to slowing economic growth in China and concerns of elevated inflation due to a relentless surge in oil prices.Eight of the 11 major S&P 500 sectors rose, led by consumer discretionary and followed by energy, which tracked Brent crude oil to its highest since October 2018. [O...Read More
Mr. Jeffrey Wilson reportsPRECIPITATE COMMENCES FIELD WORK AT ACE GOLD PROJECT IN NEWFOUNDLAND, CANADA AND GRANTS STOCK OPTIONSPrecipitate Gold Corp. has commenced exploration fieldwork on the Ace project, located at the northern end of the highly prospective Exploits subzone (Dunnage tectonic zone) of north-central Newfoundland, Canada.With a Newfoundland government permit to conduct prospecting...Read More
Oct 18 (Reuters) - Facebook Inc (FB.O) plans to create 10,000 jobs in the European Union over the next five years, the social media giant said on Monday, to help build the so-called metaverse - an online world where people can use different devices to move and communicate in a virtual environment.Chief Executive Mark Zuckerberg has been talking up metaverse since July and the buzzy word, first...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) - Cerrado Gold announced todaythat production of gold equivalent ounces ("GEO") was 10,549 ounces for Q3 2021from the Minera Don Nicolas mine in Argentina, a 6% increase over Q2 2021 GEOproduction of 9,9...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) -Vital Metals (ASX: VML), thefirst rare earths producer in Canada and only the second in North America,announced yesterday that it has amended its offtake agreement with Norway-basedREEtec, increasing th...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 remains trapped below $1,800 an ounce andeven the rising risk of stagflation will not be enough to support prices in theshort term, according to analysts at Bank of America.In a report...Read More
(Reuters) - Two cryptocurrency lending platforms were asked to cease activities in New York by the state's attorney general on Monday and three other platforms were directed to provide information about their business.The move comes weeks after New York Attorney General Letitia James won a court order forcing the closure of cryptocurrency exchange Coinseed.In a redacted version of a letter dated M...Read More
(Reuters) - Mining investor Pallinghurst Group will acquire a 19.2% stake in electric-vehicle battery metal miner Talon Metals Corp for about $80.2 million, as it looks to tap the opportunity arising from growing demand for EVs to cut carbon emissions.A global drive towards electrification of road transport to cut greenhouse gas emissions has pushed up prices and demand for battery metals such as...Read More
Mr. Steve Parsons reports GOLDSOURCE ANNOUNCES STOCK OPTION GRANT AND APPOINTMENT OF KIMBERLY NEWSOME AS VICE PRESIDENT, FINANCEGoldsource Mines Inc. has appointed Kimberly Newsome as vice-president, finance, effective Oct. 15, 2021.Based out of the company's Vancouver office, Ms. Newsome will be responsible for managing the finance function for the company in respect of strategic financial analys...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 areslightly down in lackluster midday U.S. trading Monday. It's a quieter start tothe trading week and the metals market traders are awaiting new fundamentalinformation to help...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) - Europe-focused lithiumdeveloper Vulcan Energy (ASX:VUL) announced yesterday that the company hassecured a new binding lithium hydroxide offtake agreement with?EUR?Umicore, as partof its Zero Carbon?EUR...Read More