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
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) - Great Panther Mining (TSX:GPR) reported Monday that Tucano's geotechnical committee has advised the companythat additional remediation work is required on the Urucum Central South("UCS") open pit to im...Read More
Oct 18 (Reuters) - U.S. Trade Representative Katherine Tai and Deputy Trade Representative Jayme White will travel to Brussels on Tuesday and then to London on Thursday to attend the G7 trade ministers meeting, the USTR office said.In Brussels, they will meet with European Union leaders and participate in roundtable discussions with labor and environment leaders, the USTR office added. Tai will re...Read More
TAIPEI, Oct 18 (Reuters) - Taiwan's Foxconn (2317.TW) unveiled its first three electric vehicle prototypes on Monday, underscoring ambitious plans to diversify away from its role of building consumer electronics for Apple Inc (AAPL.O) and other tech firms.The vehicles - an SUV, a sedan and a bus - were made by Foxtron, a venture between Foxconn and Taiwanese car maker Yulon Motor Co Ltd (2201...Read More
NEW YORK (Reuters) - The dollar gained slightly on the day on Monday as Treasury yields rose on expectations the Federal Reserve will need to hike interest rates sooner than previously expected to quell rising price pressures.Market participants expect the U.S. central bank will need to act as inflation looks to be stubbornly persistent and unlikely to fade anytime soon.Global increases in inflati...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) - Russian mining company Polymetal,a top-10 global gold producer and top-5 global silver producer, today announcedfirst concentrate production at the Nezhda gold-silver mine, located in Russia."Following...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 reported that the company produced 153 thousand ounces in Q3 2021,4% less than a year before (Q3 2020: 159 thousand ounces).The company said that its Essakanemine in...Read More
LONDON, Oct 18 (Reuters) - Asda, the British supermarket chain, and EG Group have terminated a deal that would have seen EG buy Asda's petrol forecourts for 750 million pounds ($1.03 billion), the two companies said on Monday.Both Asda and EG are owned by Zuber and Mohsin Issa and private equity group TDR Capital.The deal was initially struck in February. However, regulatory restrictions placed on...Read More
BEIJING/MOSCOW/PRAGUE, Oct 18 (Reuters) - China's power shortages hit growth in the world's second biggest economy, threatening more pain for global supply chains, while Europe's gas squeeze looked set to continue as Russia's Gazprom showed no sign of hiking exports to the region in October.Coal, oil and gas prices have all rocketed higher in recent weeks hammering utilities and consumers from...Read More