Share this article VANCOUVER - Cornerstone Capital Resources Inc. [CGP-TSXV; CTNXF-OTC; GWN-Berlin, FSE] provided an independently verified update regarding a mineral resource estimate (MRE) for its Tandayama-America (TAM) porphyry copper-gold deposit located 3 km north of the Alpala deposit at its Cascabel copper-gold porphyry joint venture project in northern Ecuador in which Cornerstone has a...Read More

Base metals prices continued to soar higher this morning, Tuesday October 19, with cash prices rising at an even faster pace while shorts are squeezed. Cash copper prices on the London Metal Exchange were evaluated on Monday evening at $1,103.50 per tonne.All of the LME base metals' cash/three-month spreads, except that for aluminium, are in backwardation.Risk appetite is fairly upbeat despite gen...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) - Trigon Metals (TSXV:TM)announced today that the Kombat copper mine in Namibia officially resumedproduction after 14 years of closure.Trigon has successfullyrestarted the Kombat mine with a successful b...Read More

Share this article TORONTO - Maritime Resources Corp. [MAE-TSXV] reported drill results and an update from its continuing 40,000-metre exploration program. The results reported are from drilling at the Hammerdown gold project in the Baie Verte mining district of Newfoundland and Labrador, which includes the Hammerdown and Orion gold deposits.Exploration activities are continuing with two diamond...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) - B2Gold (TSX: BTO) (NYSE: BTG)announced Tuesday that its total gold production in Q3 2021 was 310,261 ounces(including 14,538 attributable ounces from Calibre), above budget by 7% and 18%higher than 263...Read More

LONDON/SINGAPORE, Oct 19 (Reuters) - Bitcoin hit a six-month high and was within striking distance of its all-time peak on Tuesday as traders bet an anticipated listing of a futures-based U.S. exchange-traded fund could herald investment flows into cryptocurrencies.Bitcoin , the world's biggest cryptocurrency, rose as much as 1.5% during the Asia session to $62,991, its highest since mid-April and...Read More

HONG KONG, Oct 13 (Reuters) - (This Oct. 13 story corrects name to Mao Shixing in penultimate paragraph)The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed.The figures demonstrate the impact of a crackdown on bitcoin trading and mining launched by China's State...Read More

WASHINGTON, Oct 19 (Reuters) - U.S. homebuilding unexpectedly fell in September amid persistent shortages of inputs and labor that are crimping the housing market and overall economic activity.Housing starts dropped 1.6% to a seasonally adjusted annual rate of 1.555 million units last month, the Commerce Department said on Tuesday. Data for August was revised down to a rate of 1.580 million units...Read More

China's cobalt metal price strengthened after China's National Day holiday (October 1-7) amid the rally in international benchmark metal price and a shortage of spot units. While the price gap between China domestic market and the international market narrowed, it is unlikely that the former will match the latter in the near future, sources told Fastmarkets.Fastmarkets' price assessment for cobalt...Read More

"Skate to where the puck is going to be, not where it has been."- Wayne GretzkyIn May 2016, I recommended that my Bull and Bust Report readers buy Bitcoin:By the end of 2014, no one was interested in Bitcoin. All the sellers were out. It was yesterday's news. And starting late last year and coinciding with the Fed December rate hike, Bitcoin more than doubled in price to $458, where it is today. A...Read More

LONDON, Oct 19 (Reuters) - World stocks climbed to a one-month high on Tuesday as a rally in technology shares and prospects of more forecast-beating corporate earnings helped counter concerns about elevated inflationary pressures.Oil prices rose but stood below Monday's three-year highs while the worrying trend of flattening global government bond yield curves paused, helping investors recoup som...Read More

LONDON, Oct 19 (Reuters) - The dollar retreated on Tuesday to a three-week low, hit by a proliferation in rate-hike bets in other markets, while the yuan surged to its highest in four months, benefiting from greenback weakness and a slight easing in property market concerns.A robust start to the U.S. earnings season and hopes that China will be able to contain its property market malaise boosted g...Read More

LJUBLJANA (Reuters) - Euro zone inflation is at risk of overshooting projections so the European Central Bank needs to carefully monitor price growth and should end its emergency stimulus programme next March, ECB policymaker Bostjan Vasle told Reuters.Inflation has surged above the ECB's target due to a long list of one-off factors, leading to fears that what was once considered a temporary price...Read More

WASHINGTON (Reuters) - The second-ranking U.S. Treasury official told senators on Tuesday that the agency would hold International Monetary Fund Managing Director Kristalina Georgieva accountable for changes needed to safeguard IMF integrity in the wake of a World Bank data-rigging scandal."We did not find that it was appropriate at this point to remove the (IMF) managing director," Deputy U.S. Tr...Read More

FRANKFURT, Oct 19 (Reuters) - German exchange operator Deutsche Boerse (DB1Gn.DE) said on Tuesday it posted a 32% rise in third-quarter net profit, a better result than analysts had expected, and it confirmed its guidance for the year.Net profit attributable to shareholders was 300.3 million euros ($349.31 million), up from 227.1 million euros a year ago, the company said. Analysts had expected...Read More

Oct 19 (Reuters) - Credit Suisse (CSGN.S) has agreed to pay nearly $475 million to U.S. and UK authorities to resolve charges in connection with Mozambican bond offerings, the U.S. Securities and Exchange Commission said on Tuesday.Reporting by Kanishka Singh in Bengaluru Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The a...Read More

BRASILIA, Oct 19 (Reuters) - Brazil's central bank on Tuesday made its first intervention in the spot currency market since March, pulling the real back from the brink of a six-month low due to fresh concerns about looser government spending ahead of next year's election.The government is preparing an expanded welfare program next year, a person with knowledge of the plans told Reuters, with part...Read More

Oct 19 (Reuters) - Johnson & Johnson (JNJ.N) on Tuesday reported lower-than- expected quarterly revenue after sales of its COVID-19 vaccine missed Wall Street estimates following a string of production setbacks.The New Brunswick, New Jersey-based company maintained its 2021 sales goal of $2.5 billion from the vaccine, and said it recorded $766 million in sales of the shot in the first nine month...Read More

Prices for flat steel imports into the United Arab Emirates and Saudi Arabia continued to increase during the week ended Tuesday October 19, but demand was not strong in either country, sources have told Fastmarkets.Energy costs have been increasing in most markets, with steel mills adding these costs to their prices.Although sources said that demand in the two Middle Eastern countries was not ver...Read More

BEAUMONT, Texas, Oct 19 (Reuters) - The U.S. National Labor Relations Board is expected to schedule a mid-November vote on removing the United Steelworkers union from Exxon Mobil's (XOM.N) Beaumont, Texas, refinery, a person familiar with the matter said on Tuesday.Exxon locked out union members on May 1 after it and the USW were unable to agree on a new, six-year labor contract for the refinery...Read More