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
(Reuters) - The U.S. Federal Reserve has all but met its employment goal to move ahead with reducing its bond buying program, Fed Vice Chair Richard Clarida said on Tuesday, cementing expectations the central bank 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-st...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 Majestic Silverannounced today that its total production in Q3 2021 reached a new record of7.3 million silver equivalent ounces (3.3 million ounces of silver and 54,525ounces of gold), a 41% incr...Read More
NEW YORK (Reuters) - Gridlock over the U.S. debt ceiling may have been temporarily resolved, but a longer-term solution has also been deferred. Last week’s truce appeased the bond market a bit, but investors are still eyeing default risks ahead of a new December deadline.WHAT IS THE DEBT CEILING NOW?After weeks of wrangling, the U.S. Senate approved the extension of the debt ceiling, the max...Read More
BERLIN, Oct 11 (Reuters) - German Chancellor Angela Merkel and French President Emmanuel Macron had phone calls on Monday with the presidents of Ukraine and Russia to discuss the conflict in Ukraine, and agreed their foreign ministers should meet, the German government said.The two West European leaders spoke first with Ukrainian President Volodymyr Zelenskiy on the implementation of the Minsk Agr...Read More