Mr. Jeffrey Wilson reportsPRECIPITATE SECURES OPTION TO ACQUIRE 100% OF ACE GOLD PROJECT IN NORTHERN NEWFOUNDLAND, CANADAPrecipitate Gold Corp. has secured exclusive rights to acquire a 100-per-cent interest in three mineral exploration licences totalling 2,500 hectares making up the Ace gold project located at the northern end of the Exploits subzone (Dunnage tectonic zone) of north-central Newfo...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) - Orla Mining (TSX: OLA; NYSE:ORLA) today reported that construction of its Camino Rojo gold project was 89%complete as of September 30, 2021, and that the project is on schedule forfirst pour in Decembe...Read More
NEW YORK, Oct 12 (Reuters) - U.S. inflation is elevated but it is not at the point where it would affect the Federal Reserve's stance on interest rates, Atlanta Fed Bank President Raphael Bostic said on Tuesday, adding he still expects it will be more than a year before the central bank raises rates from near zero levels."I'm not seeing signs that this elevated inflation is doing the kind of harm...Read More
WASHINGTON (Reuters) -The Asian Development Bank's chief said on Tuesday said the lender will boost its climate financing goals by $20 billion to a new target of $100 billion for the 2019-2030 period and aims to launch its concept for retiring coal-fired power plants at the COP26 climate conference in Scotland next month.The plans, disclosed by ADB President Masatsugu Asakawa in an interview with...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) - Aura Minerals (TSX: ORA) reportedyesterday that total production across Aura's operations in Q3 2021 was 61,588gold equivalent ounces ("GEO"), an increase of 7% compared to total productionof 57,725 GE...Read More
WASHINGTON (Reuters) - Policymakers worldwide are entering a tricky phase of the pandemic recovery and should take care to provide continued economic support without promoting instability in financial markets, the International Monetary Fund warned Tuesday.Nearly 20 months into the global pandemic, many countries including the United States are now thinking about how to pull back from extraordinar...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) - Glencore today announced thatit has reached agreement with Santa Cruz Silver Mining for it to acquire theholding companies which own Glencore's Bolivian zinc assets, comprising ofSinchi Wayra and Illap...Read More
Oct 11 (Reuters) - Southwest Airlines Co (LUV.N) said on Monday it expects to resume normal service this week after cancelling more than 2,500 scheduled flights since Saturday, blaming unfavorable weather and air traffic issues in Florida.The airline had canceled 1,124 flights, or 30% of its daily operation, on Sunday and more than 800 trips on Saturday, according to data from flight tracking pl...Read More
Mr. John Williamson reportsBENCHMARK CONTINUES BASELINE ENVIRONMENTAL WORK ON ITS PATH TOWARDS PERMITTING A GOLD AND SILVER MINEBenchmark Metals Inc. hasprovided an update for continuing environmental baseline work to support the environmental assessment (EA) for permitting of the Lawyers gold-silver project, located within a road-accessible region of the prolific Golden Horseshoe area of north-c...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) - Taseko Mines (TSX: TKO)announced today that its Gibraltar mine in British Columbia produced 34.5million pounds of copper and 600 thousand pounds of molybdenum in Q3 2021, or29% and 50% higher, respecti...Read More
LISBON (Reuters) - British Brexit minister David Frost made an impassioned plea to the European Union on Tuesday to allow for "significant change" to post-Brexit rules governing trade with Northern Ireland, saying only that could draw the poison from their relations.A day before the EU is expected to present its proposals to solve a standoff over part of the Brexit divorce deal, Frost again warned...Read More
Oct 12 (Reuters) - Two U.S. Federal Reserve policymakers on Tuesday said that the central bank has kept pace with a planned move to reduce its bond buying program, cementing expectations the Fed will start withdrawing its crisis-era stimulus as soon as next month."I myself believe that the 'substantial further progress' standard has more than been met with regard to our price-stability mandate and...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) - Victoria Gold (TSX: VGCX) announcedTuesday that its gold production in Yukon in Q3 2021 was record 55,827 ounces,a 58% increase from the same period of 2020, with year-to-date gold production of114,726...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 pricesare a bit higher in midday U.S. trading Tuesday. It's been a choppy, two-sidedtrading session. The yellow metal is supported by some safe-haven demand amidworld energy supply concerns, but...Read More
(Reuters) - U.S. consumers increased their short-term and medium-term inflation expectations again in September, but they lowered their views on how much home prices, fuel costs and other expenses will rise over the next year, according to a survey released on Tuesday by the New York Federal Reserve.Median expectations for what inflation will be over the next year rose for the eleventh consecutive...Read More
Oct 9 (Reuters) - Exxon Mobil Corp (XOM.N) said on Saturday it and the United Steelworkers union, the union representing workers locked out of a Texas refinery, discussed terms of a proposed labor contract.Exxon said it provided clarifications to its latest proposal and rejected the union's proposed changes to that offer, saying they would raise its costs."Union provided a one-pager with 24 prop...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) - Fortuna Silver Mines (NYSE:FSM) (TSX: FVI) today reported that its gold production in Q3 2021 increased411% to 65,425 ounces compared to 12,791 ounces produced in Q3 2020.The company's lead productiono...Read More
(Kitco News) - Oil prices have surged this year, up more than 60 percent in2021. For the first time since 2014, oilis trading at more than $80 a barrel. It's possible that oil prices could top$100 a barrel, John Burnett, Founder of 1 Empire Group said.Speaking in a panel along with Michele Schneider, Managing Director of theMarketgauge Group hosted by Michelle Makori, Lead Anchor and Editor-in-...Read More
BUENOS AIRES, Oct 12 (Reuters) - Argentina’s corn export market remains "open" despite a new government policy that prioritizes crops that are already harvested over forward sales of the upcoming 2021/22 crop, a statement issued by the agriculture ministry said on Tuesday.The 2021/22 crop is currently being planted, and the government wants to sell more of last season’s corn before app...Read More
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) has opened a broad inquiry into how Wall Street banks are keeping track of employees' digital communications, three people familiar with the matter told Reuters.SEC enforcement staff contacted multiple banks in recent weeks to check whether they have been adequately documenting employees' work-related communications, such as...Read More